Car or Van Specialist Vehicle Hire Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07499943 (England and Wales)

Financial Statements for the Year Ended 31 March 2026

for

Car or Van Specialist Vehicle Hire Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms A E Stratford

REGISTERED OFFICE:

Morbec Farm

Southend Arterial A127

Wickford

SS12 9JF

REGISTERED NUMBER:

07499943 (England and Wales)

AUDITORS:

Sygma Chartered Accountants

1 Sopwith Crescent

Wickford

Essex

SS11 8YU

FIXED ASSETS

Tangible assets

4

9,157,502

6,209,274

CURRENT ASSETS

Stocks

870

-

Debtors

5

1,500,922

1,012,615

Cash at bank

1,994,937

2,215,763

3,496,729

3,228,378

CREDITORS

Amounts falling due within one year

6

2,275,798

1,019,276

NET CURRENT ASSETS

1,220,931

2,209,102

TOTAL ASSETS LESS CURRENT
LIABILITIES

10,378,433

8,418,376

CREDITORS

Amounts falling due after more than
one year

7

(2,135,443

)

(1,209,972

)

PROVISIONS FOR LIABILITIES

(1,214,299

)

(907,795

)

NET ASSETS

7,028,691

6,300,609

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

7,028,690

6,300,608

SHAREHOLDERS' FUNDS

7,028,691

6,300,609

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 September 2026 and were signed by:

Ms A E Stratford - Director

1.	STATUTORY INFORMATION

Car or Van Specialist Vehicle Hire 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

Basis of preparing the financial statements

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period 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 22 (2025 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

8,370,268

Additions

5,651,244

Disposals

(2,108,030

)

At 31 March 2026

11,913,482

DEPRECIATION

At 1 April 2025

2,160,994

Charge for year

1,639,742

Eliminated on disposal

(1,044,756

)

At 31 March 2026

2,755,980

NET BOOK VALUE

At 31 March 2026

9,157,502

At 31 March 2025

6,209,274

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade debtors

1,422,129

976,025

Other debtors

78,793

36,590

1,500,922

1,012,615

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Hire purchase contracts

1,817,821

571,795

Trade creditors

157,619

177,512

Taxation and social security

232,128

213,469

Other creditors

68,230

56,500

2,275,798

1,019,276

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.3.26

31.3.25

£

Hire purchase contracts

2,135,443

1,209,972

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alex Chandler FCA (Senior Statutory Auditor)

for and on behalf of Sygma Chartered Accountants

9.	RELATED PARTY DISCLOSURES

The company has made a loan to Morbec Farm Limited, a company related by virtue of common ownership and control.

At the reporting date, £284,953 remained outstanding.

No interest has been charged on the loan during the year. Had interest been charged in accordance with the indicative annual amount, the charge for the year would have been approximately £5,571, reducing profit before tax by the same amount.