REGISTERED NUMBER: 07968601 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

AMI VEHICLE LEASING LTD

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

N Hainsby

D R Moore

REGISTERED OFFICE:

16-20 Millers Yard

Parliament Square

Hertford

Hertfordshire

SG14 1EZ

REGISTERED NUMBER:

07968601 (England and Wales)

ACCOUNTANTS:

Cook & Partners Limited

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

The directors present their report with the financial statements of the company for the year ended 31st March 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st April 2024 to the date of this report.

N Hainsby

D R Moore

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

N Hainsby - Director

5th December 2025

FIXED ASSETS

Tangible assets

4

1,709,778

1,668,837

CURRENT ASSETS

Stocks

6,747

6,747

Debtors

5

2,890,219

3,226,984

Cash at bank and in hand

76,693

55,510

2,973,659

3,289,241

CREDITORS

Amounts falling due within one year

6

1,661,328

1,873,370

NET CURRENT ASSETS

1,312,331

1,415,871

TOTAL ASSETS LESS CURRENT LIABILITIES

3,022,109

3,084,708

CREDITORS

Amounts falling due after more than one year

7

2,548,646

2,579,279

NET ASSETS

473,463

505,429

CAPITAL AND RESERVES

Called up share capital

112

112

Retained earnings

473,351

505,317

473,463

505,429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th December 2025 and were signed on its behalf by:

N Hainsby - Director

D R Moore - Director

1.	STATUTORY INFORMATION

AMI Vehicle Leasing Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Accounting convention

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern Justification

The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 31 March 2025 have been prepared using the going concern basis of accounting.

Revenue

Revenue - Described as turnover is the value of work (net of VAT) performed during the year with respect to services.

Revenue is recognised on the provision of services once completed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Motor vehicles

-

Over the term of the lease

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Leased assets

Where assets are financed by leasing agreements that give rights approximately to ownership ("finance leases") the assets are treated as if they had been purchased in the same manner as with a Hire Purchase Contract.

All other leases are treated as "operating leases" and the relevant annual rentals are charged to the profit and loss account on a sum of the digits basis over the lease term; unless they relate to vacant leasehold properties in which case provision is made on a discounted basis for the net obligation under the lease. The unwinding of the discount is disclosed within interest payable and similar charges.

The company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard (1 January 2014) to continue to be charged over the period to the first market rent review rather than the term of the lease. For leases entered into on or after 1 January 2014, reverse premiums and similar incentives received to enter into operating lease agreements are released to profit or loss over the term of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st April 2024

4,527

2,442,028

15,781

2,462,336

Additions

875

706,164

3,360

710,399

Disposals

-

(584,158

)

-

(584,158

)

At 31st March 2025

5,402

2,564,034

19,141

2,588,577

DEPRECIATION

At 1st April 2024

2,422

780,039

11,038

793,499

Charge for year

1,227

421,648

2,959

425,834

Eliminated on disposal

-

(340,534

)

-

(340,534

)

At 31st March 2025

3,649

861,153

13,997

878,799

NET BOOK VALUE

At 31st March 2025

1,753

1,702,881

5,144

1,709,778

At 31st March 2024

2,105

1,661,989

4,743

1,668,837

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

449,979

639,939

Other debtors

2,440,240

2,587,045

2,890,219

3,226,984

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

36,687

34,569

Hire purchase contracts

1,397,322

1,560,196

Trade creditors

18,283

48,047

Taxation and social security

27,126

35,004

Other creditors

181,910

195,554

1,661,328

1,873,370

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

35,490

72,176

Hire purchase contracts

2,513,156

2,507,103

2,548,646

2,579,279

8.	GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the year end of £18,000 (2024: £18,000).

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

£

N Hainsby

Balance outstanding at start of year

2,550

-

Amounts advanced

-

2,550

Amounts repaid

(2,550

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

2,550

10.	RELATED PARTY DISCLOSURES

The Funding and Loan Finance Liabilities within Creditors of £3,910,478 (2024: £4,067,299) have been personally guaranteed by the Directors, N Hainsby and D Moore.