Direct Van Hire Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 16259117

Direct Van Hire Limited

Unaudited financial statements

30 April 2026

Direct Van Hire Limited

Statement of financial position

30 April 2026

	30 Apr 26
Note	£	£

Fixed assets

Intangible assets	5	670,016
Tangible assets	6	4,094,753
		-----------
		4,764,769

Current assets

Debtors	7	532,392
Cash at bank and in hand		1
		---------
		532,393

Creditors: Amounts falling due within one year	8	( 1,985,152)
		-----------
Net current liabilities			( 1,452,759)
			-----------
Total assets less current liabilities			3,312,010

Creditors: Amounts falling due after more than one year	9		( 3,029,053)

Provisions

Taxation including deferred tax		( 70,870)
		-----------
Net assets		212,087
		-----------

Capital and reserves

Called up share capital		100
Profit and loss account		211,987
		---------
Shareholders funds		212,087
		---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Direct Van Hire Limited

Statement of financial position (continued)

30 April 2026

These financial statements were approved by the board of directors and authorised for issue on 3 September 2026 , and are signed on behalf of the board by:

L J Osborne
Director

Company registration number: 16259117

Direct Van Hire Limited

Notes to the financial statements

Period from 18 February 2025 to 30 April 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 6 Cherry Tree Road, Tibenham, Norfolk, NR16 1PH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

Estimates and judgements used in preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The resulting accounting estimates will, by definition seldom equal the related actual results. Any subsequent changes are accounted for with an effect on income at the time such updated information is available. The directors consider that there are no estimates or assumptions that have a significant effect on the financial statements.

Revenue recognition

Turnover is recognised at the fair value of the consideration received of receivable in the ordinary course of business, and is shown net of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the sale of services is recognised when the service has been satisfactorily provided, the amount can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill	-	10% straight line
Software	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	Equipment - 10% Straight Line, Motor Vehicles - 15%-31% Reducing Balance
Office equipment	-	15% straight line

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of employees during the period was 3 .

5. Intangible assets

	Goodwill	Software	Total
	£	£	£
Cost
Additions	414,611	276,652	691,263
	---------	---------	---------
At 30 April 2026	414,611	276,652	691,263
	---------	---------	---------
Amortisation
Charge for the period	17,275	3,972	21,247
	---------	---------	---------
At 30 April 2026	17,275	3,972	21,247
	---------	---------	---------
Carrying amount
At 30 April 2026	397,336	272,680	670,016
	---------	---------	---------

6. Tangible assets

	Motor vehicles and equipment	Office equipment	Total
	£	£	£
Cost
At 18 February 2025	–	–	–
Additions	5,365,422	1,833	5,367,255
Disposals	( 849,589)	–	( 849,589)
	-----------	------	-----------
At 30 April 2026	4,515,833	1,833	4,517,666
	-----------	------	-----------
Depreciation
At 18 February 2025	–	–	–
Charge for the period	422,842	71	422,913
	-----------	------	-----------
At 30 April 2026	422,842	71	422,913
	-----------	------	-----------
Carrying amount
At 30 April 2026	4,092,991	1,762	4,094,753
	-----------	------	-----------

7. Debtors

	30 Apr 26
	£
Trade debtors	180,049
Amounts owed by group undertakings	338,728
Other debtors	13,615
	---------
	532,392
	---------

8. Creditors: Amounts falling due within one year

	30 Apr 26
	£
Trade creditors	133,157
Social security and other taxes	74,393
Other creditors	1,777,602
	-----------
	1,985,152
	-----------

Included within creditors falling due within one year is an amount of £1,423,297 secured on the assets concerned.

9. Creditors: Amounts falling due after more than one year

	30 Apr 26
	£
Other creditors	3,029,053
	-----------

Included within creditors falling due after one year is an amount of £3,029,053 secured on the assets concerned.

10. Director's advances, credits and guarantees

Included within other debtors at the year end are amounts advanced to directors totalling £51. The maximum balance advanced during the year was £51. Interest of £Nil was charged at the official rate.

11. Related party transactions

At the reporting date, the Company had an outstanding balance of £338,728 due from a group company. The balance is interest-free, unsecured, and repayable on demand.