Devon & Cornwall Hire Limited - Period Ending 2022-04-30

Devon & Cornwall Hire Limited

Contents

Company Information	1
Director's Report	2
Accountants' Report	3
Statement of Income and Retained Earnings	4
Balance Sheet	5
Notes to the Unaudited Financial Statements	6 to 7

Devon & Cornwall Hire Limited

Company Information

Director

Mr IC Walker

Company secretary

Mrs SE Walker

Registered office

6 Houndiscombe Road Plymouth Devon PL4 6HH

Accountants

Houndiscombe Consultants Limited T/A Condy Mathias Chartered Accountants 6 Houndiscombe Road Plymouth Devon PL4 6HH

Devon & Cornwall Hire Limited

Director's Report for the Year Ended 30 April 2022

The director presents his report and the financial statements for the year ended 30 April 2022.

Director of the company

The director who held office during the year was as follows:

Mr IC Walker

Principal activity

The principal activity of the company is the hire of caravans

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the director on 26 January 2023 and signed on its behalf by:

.........................................
Mr IC Walker
Director

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Devon & Cornwall Hire Limited
for the Year Ended 30 April 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Devon & Cornwall Hire Limited for the year ended 30 April 2022 as set out on pages 4 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Devon & Cornwall Hire Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Devon & Cornwall Hire Limited and state those matters that we have agreed to state to the Board of Directors of Devon & Cornwall Hire Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Devon & Cornwall Hire Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Devon & Cornwall Hire Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Devon & Cornwall Hire Limited. You consider that Devon & Cornwall Hire Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Devon & Cornwall Hire Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

26 January 2023

Devon & Cornwall Hire Limited

Statement of Income and Retained Earnings for the Year Ended 30 April 2022

	Note	2022 £	2021 £
Turnover		32,254	14,623
Cost of sales		(19,727)	(13,447)
Gross profit		12,527	1,176
Administrative expenses		(15,155)	(8,421)
Operating loss		(2,628)	(7,245)
Loss before tax	4	(2,628)	(7,245)
Loss for the financial year		(2,628)	(7,245)
Retained earnings brought forward		(18,006)	(10,761)
Retained earnings carried forward		(20,634)	(18,006)

Devon & Cornwall Hire Limited

(Registration number: 06762309)
Balance Sheet as at 30 April 2022

	Note	2022 £	2021 £
Fixed assets
Tangible assets	5	19,891	15,369
Current assets
Cash at bank and in hand		2,050	2,197
Creditors: Amounts falling due within one year	6	(42,574)	(35,571)
Net current liabilities		(40,524)	(33,374)
Net liabilities		(20,633)	(18,005)
Capital and reserves
Called up share capital		1	1
Profit and loss account		(20,634)	(18,006)
Shareholders' deficit		(20,633)	(18,005)

For the financial year ending 30 April 2022 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 26 January 2023
 

......................................... Mr IC Walker Director

Devon & Cornwall Hire Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2022

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance
These financial statements have been prepared using the historic cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Going concern

The director has prepared the financial statements on a going concern basis, on the understanding that they will continue to provide financial support if it is required and, accordingly, the financial statements do not include any adjustments that would result if this support were not forthcoming.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Boat	20% reducing balance
Caravans	20% reducing balance

Devon & Cornwall Hire Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2022

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2021 - 2).

4	Loss before tax

Arrived at after charging/(crediting)

	2022 £	2021 £
Depreciation expense	4,973	3,842

5	Tangible assets

	Caravans  £	Boat  £	Total £
Cost or valuation
At 1 May 2021	58,129	8,800	66,929
Additions	20,200	-	20,200
Disposals	(49,529)	-	(49,529)
At 30 April 2022	28,800	8,800	37,600
Depreciation
At 1 May 2021	44,606	6,954	51,560
Charge for the year	4,604	369	4,973
Eliminated on disposal	(38,824)	-	(38,824)
At 30 April 2022	10,386	7,323	17,709
Carrying amount
At 30 April 2022	18,414	1,477	19,891
At 30 April 2021	13,523	1,846	15,369

6

Creditors

Creditors: amounts falling due within one year

	2022 £	2021 £
Due within one year
Other creditors	42,574	35,571