KEEP IT CHEAP - CAR RENTALS LIMITED

KEEP IT CHEAP - CAR RENTALS LIMITED

KEEP IT CHEAP - CAR RENTALS LIMITED - Company Information

Print Friendly Version

1 April 2022 false No description of principal activity Taxfiler 2023.7 06865200business:PrivateLimitedCompanyLtd2022-04-012023-03-31 068652002022-03-31 068652002022-04-012023-03-31 06865200business:AuditExemptWithAccountantsReport2022-04-012023-03-31 06865200business:FilletedAccounts2022-04-012023-03-31 068652002023-03-31 06865200business:Director12022-04-012023-03-31 06865200business:RegisteredOffice2022-04-012023-03-31 068652002022-03-31 06865200core:WithinOneYear2023-03-31 06865200core:WithinOneYear2022-03-31 06865200core:AfterOneYear2023-03-31 06865200core:AfterOneYear2022-03-31 06865200core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 06865200core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 06865200core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 06865200core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 06865200core:PreviouslyStatedAmount2023-03-31 06865200core:PreviouslyStatedAmount2022-03-31 06865200business:SmallEntities2022-04-012023-03-31 06865200countries:EnglandWales2022-04-012023-03-31 06865200core:PlantMachinery2022-04-012023-03-31 06865200core:MotorVehicles2022-04-012023-03-31 06865200core:FurnitureFittings2022-04-012023-03-31 06865200core:ComputerEquipment2022-04-012023-03-31 06865200core:MotorVehicles2022-03-31 06865200core:FurnitureFittings2022-03-31 06865200core:ComputerEquipment2022-03-31 06865200core:MotorVehicles2023-03-31 06865200core:FurnitureFittings2023-03-31 06865200core:ComputerEquipment2023-03-31 068652002021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 06865200 (England and Wales)
KEEP IT CHEAP - CAR RENTALS LIMITED Unaudited accounts for the year ended 31 March 2023
KEEP IT CHEAP - CAR RENTALS LIMITED Unaudited accounts Contents
Page
- 2 -
KEEP IT CHEAP - CAR RENTALS LIMITED Company Information for the year ended 31 March 2023
Director
BLAND, Dale
Company Number
06865200 (England and Wales)
Registered Office
UNIT 14 BASSENDALE ROAD, CROFT BUSINESS BROMBOROUGH WIRRAL MERSEYSIDE CH62 3QL ENGLAND
Accountants
Excel Accountancy 49 Level One Basecamp Liverpool Merseyside L1 0AH
- 3 -
KEEP IT CHEAP - CAR RENTALS LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
58,947 
14,122 
Current assets
Inventories
3,000 
3,000 
Debtors
5
(24)
81,152 
Cash at bank and in hand
(43,988)
(58,588)
(41,012)
25,564 
Creditors: amounts falling due within one year
6
(19,884)
(76,495)
Net current liabilities
(60,896)
(50,931)
Total assets less current liabilities
(1,949)
(36,809)
Creditors: amounts falling due after more than one year
7
(37,129)
- 
Provisions for liabilities
Deferred tax
(11,200)
(2,683)
Net liabilities
(50,278)
(39,492)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(51,278)
(40,492)
Shareholders' funds
(50,278)
(39,492)
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 August 2023 and were signed on its behalf by
BLAND, Dale Director Company Registration No. 06865200
- 4 -
KEEP IT CHEAP - CAR RENTALS LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
KEEP IT CHEAP - CAR RENTALS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06865200. The registered office is UNIT 14 BASSENDALE ROAD, CROFT BUSINESS , BROMBOROUGH, WIRRAL, MERSEYSIDE, CH62 3QL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3 YEARS
Motor vehicles
3 YEARS
Fixtures & fittings
3 YEARS
Computer equipment
3 YEARS
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
7,500 
19,694 
417 
27,611 
Additions
2,700 
71,332 
- 
74,032 
At 31 March 2023
10,200 
91,026 
417 
101,643 
Depreciation
At 1 April 2022
3,281 
10,026 
182 
13,489 
Charge for the year
1,973 
27,000 
234 
29,207 
At 31 March 2023
5,254 
37,026 
416 
42,696 
Net book value
At 31 March 2023
4,946 
54,000 
1 
58,947 
At 31 March 2022
4,219 
9,668 
235 
14,122 
- 5 -
KEEP IT CHEAP - CAR RENTALS LIMITED Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
13,985 
Other debtors
(24)
67,167 
(24)
81,152 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,250 
48,428 
VAT
1,022 
11,332 
Trade creditors
- 
6,140 
Taxes and social security
3,913 
9,361 
Other creditors
391 
382 
Accruals
13,308 
852 
19,884 
76,495 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
37,129 
- 
8
Average number of employees
During the year the average number of employees was 4 (2022: 3).
- 6 -