Banbury Van & Car Hire Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 06569431

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		1,348,305		1,244,056

			1,348,305		1,244,056
CURRENT ASSETS
Stocks	6	210,133		210,133
Debtors	7	294,404		283,100

		504,537		493,233
Creditors: Amounts Falling Due Within One Year	8	(771,957 )		(632,787 )

NET CURRENT ASSETS (LIABILITIES)			(267,420 )		(139,554 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,080,885		1,104,502

Creditors: Amounts Falling Due After More Than One Year	9		(466,775 )		(443,224 )

NET ASSETS			614,110		661,278

CAPITAL AND RESERVES
Called up share capital	11		100		100
Revaluation reserve	12		136,735		136,735
Profit and Loss Account			477,275		524,443

SHAREHOLDERS' FUNDS			614,110		661,278

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Banbury Van & Car Hire Ltd

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Reg Howe

Director

08/06/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Banbury Van & Car Hire Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06569431 . The registered office is Unit 3 Thorpe Way, Banbury, Oxfordshire, OX16 4SP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	5% straight line
Plant & Machinery	25% straight line
Motor Vehicles	Straight line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2024: 18)

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Banbury Van & Car Hire Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 November 2024	31,581

As at 31 October 2025	31,581

Amortisation
As at 1 November 2024	31,581

As at 31 October 2025	31,581

Net Book Value
As at 31 October 2025	-

As at 1 November 2024	-

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 November 2024	153,295	114,301	2,652,678	2,920,274
Additions	-	5,496	2,388,388	2,393,884
Disposals	-	-	(2,031,268 )	(2,031,268 )

As at 31 October 2025	153,295	119,797	3,009,798	3,282,890

Depreciation
As at 1 November 2024	153,295	63,641	1,459,282	1,676,218
Provided during the period	-	20,214	573,729	593,943
Disposals	-	-	(335,576 )	(335,576 )

As at 31 October 2025	153,295	83,855	1,697,435	1,934,585

Net Book Value
As at 31 October 2025	-	35,942	1,312,363	1,348,305

As at 1 November 2024	-	50,660	1,193,396	1,244,056

6. Stocks

	2025	2024
	£	£
Stock	210,133	210,133

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Banbury Van & Car Hire Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	23,009	87,076
Other debtors	271,395	196,024

	294,404	283,100

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	335,948	312,285
Trade creditors	11,608	9,460
Bank loans and overdrafts	106,172	92,725
Net wages	199	-
Other creditors	77,898	47,454
Accruals and deferred income	2,990	2,900
Directors' loan accounts	237,142	167,963

	771,957	632,787

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	466,775	443,224

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	335,948	312,285
Later than one year and not later than five years	466,775	443,224

	802,723	755,509

	802,723	755,509

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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Banbury Van & Car Hire Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

12. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 November 2024	136,735	524,443
Loss for the year and total comprehensive income	-	(46,168 )

Dividends paid	-	(1,000)

As at 31 October 2025	136,735	477,275

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