EUROFLEET RENTAL LIMITED

EUROFLEET RENTAL LIMITED

EUROFLEET RENTAL LIMITED - Company Information

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EUROFLEET RENTAL LIMITED

Company Registration Number:
00829413 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2018

Period of accounts

Start date: 01 October 2017

End date: 30 September 2018

EUROFLEET RENTAL LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2018

Balance sheet
Notes

EUROFLEET RENTAL LIMITED

Balance sheet

As at 30 September 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 3 6,014,106 4,890,577
Total fixed assets: 6,014,106 4,890,577
Current assets
Stocks: 4,055 13,469
Debtors: 4 9,070,768 8,737,588
Total current assets: 9,074,823 8,751,057
Creditors: amounts falling due within one year: 5 (11,809,763) (10,179,530)
Net current assets (liabilities): (2,734,940) (1,428,473)
Total assets less current liabilities: 3,279,166 3,462,104
Creditors: amounts falling due after more than one year: 6 (3,035,781) (2,323,838)
Provision for liabilities: (149,542) (218,944)
Total net assets (liabilities): 93,843 919,322
Capital and reserves
Called up share capital: 100,000 100,000
Profit and loss account: (6,157) 819,322
Shareholders funds: 93,843 919,322

The notes form part of these financial statements

EUROFLEET RENTAL LIMITED

Balance sheet statements

For the year ending 30 September 2018 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 March 2019
and signed on behalf of the board by:

Name: Harold Montgomery
Status: Director

The notes form part of these financial statements

EUROFLEET RENTAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

EUROFLEET RENTAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

2. Employees

2018 2017
Average number of employees during the period 6 4

EUROFLEET RENTAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

3. Tangible Assets

Total
Cost £
At 01 October 2017 7,294,181
Additions 2,873,255
Disposals (752,909)
At 30 September 2018 9,414,527
Depreciation
At 01 October 2017 2,403,604
Charge for year 1,347,038
On disposals (350,221)
At 30 September 2018 3,400,421
Net book value
At 30 September 2018 6,014,106
At 30 September 2017 4,890,577

EUROFLEET RENTAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

4. Debtors

2018 2017
££
Debtors due after more than one year: 9,070,768 8,737,588

EUROFLEET RENTAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

5. Creditors: amounts falling due within one year note

2018 2017Overdraft 4,588,176 5,500,330Trade 169,881 81,420Owed to group 5,057,858 3,055,128Other 924Accruals 99,582 140,229Corporation Tax 6,899Finance Lease 1,893,342 1,395,530Total 11,809,763 10,179,530

EUROFLEET RENTAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

6. Creditors: amounts falling due after more than one year note

Finance Lease 3,035,781 2,323,838