A1 Driver Hire Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07688783 (England and Wales)

Financial Statements

for the Year Ended 31 December 2021

for

A1 Driver Hire Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D J Critchlow

P Eyles

REGISTERED OFFICE:

248 Mackadown Lane

Kitts Green

Birmingham

B33 0LE

REGISTERED NUMBER:

07688783 (England and Wales)

AUDITORS:

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

CURRENT ASSETS

Debtors

4

83,709

1

Cash at bank

18,917

-

102,626

1

CREDITORS

Amounts falling due within one year

5

(46,110

)

-

NET CURRENT ASSETS

56,516

1

TOTAL ASSETS LESS CURRENT LIABILITIES

56,516

1

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

7

56,515

-

SHAREHOLDERS' FUNDS

56,516

1

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2022 and were signed on its behalf by:

D J Critchlow - Director

1.	STATUTORY INFORMATION

A1 Driver Hire Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 (2020 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

77,921

-

Amounts owed by group undertakings

1,489

-

Other debtors

4,299

1

83,709

1

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

7,763

-

Taxation and social security

35,126

-

Other creditors

3,221

-

46,110

-

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

1

Ordinary

£1

1

1

7.

RESERVES

Retained

earnings

£

Profit for the year

56,515

At 31 December 2021

56,515

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

The Report of the Auditors was unqualified.

Susanna D Ault FCCA ACA (Senior Statutory Auditor)

for and on behalf of Tomkinson Teal (Lichfield) LLP

9.	CONTINGENT LIABILITIES

A guarantee exists between group companies in respect of bank debt with Lloyds Bank PLC. At 31

December 2021 group bank debt subject to this agreement amounted to £1,284,997 (2020 - £1,403,482).

A fixed and floating charge exists between group companies in respect of bank debt with Barclays bank PLC. At 31 December 2021 group bank debt subject to this agreement amounted to £3,340,164 (2020 - £3,505,713).

10.	ULTIMATE CONTROLLING PARTY