AV Rental Services Limited - Accounts to registrar (filleted) - small 23.2.5
AV Rental Services Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 June 2023 |
| for |
| AV Rental Services Limited |
| AV Rental Services Limited (Registered number: 10272565) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| AV Rental Services Limited |
| Company Information |
| for the Year Ended 30 June 2023 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 11e Cosgrove Way |
| Luton |
| Bedfordshire |
| LU1 1XL |
| AV Rental Services Limited (Registered number: 10272565) |
| Balance Sheet |
| 30 June 2023 |
| 30.6.23 | 30.6.22 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Non- |
| distributable |
| reserve | 12 |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| AV Rental Services Limited (Registered number: 10272565) |
| Balance Sheet - continued |
| 30 June 2023 |
| 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 |
| AV Rental Services Limited (Registered number: 10272565) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2023 |
| 1. | STATUTORY INFORMATION |
| AV Rental Services Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Leasehold improvements | - |
| Rental equipment | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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. |
| 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 |
| AV Rental Services Limited (Registered number: 10272565) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2023 |
| 4. | TANGIBLE FIXED ASSETS |
| Leasehold | Rental | Motor | Computer |
| improvements | equipment | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 July 2022 |
| Additions |
| Disposals | ( |
) | ( |
) |
| Revaluations |
| At 30 June 2023 |
| DEPRECIATION |
| At 1 July 2022 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 June 2023 |
| NET BOOK VALUE |
| At 30 June 2023 |
| At 30 June 2022 |
| Cost or valuation at 30 June 2023 is represented by: |
| Leasehold | Rental | Motor | Computer |
| improvements | equipment | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| Valuation in 2023 | - | 55,448 | - | - | 55,448 |
| Cost | 25,435 | 251,229 | 8,549 | 1,468 | 286,681 |
| 25,435 | 306,677 | 8,549 | 1,468 | 342,129 |
| 5. | FIXED ASSET INVESTMENTS |
| Interest |
| in other |
| participating |
| interests |
| £ |
| COST |
| At 1 July 2022 |
| and 30 June 2023 | 50 |
| NET BOOK VALUE |
| At 30 June 2023 | 50 |
| At 30 June 2022 | 50 |
| AV Rental Services Limited (Registered number: 10272565) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2023 |
| 5. | FIXED ASSET INVESTMENTS - continued |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Joint venture |
| Registered office: Unit 8 Tomo Industrial Estate,Pocket Boat Lane, Uxbridge,UB8 2JP |
| Nature of business: |
| % |
| Class of shares: | holding |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.23 | 30.6.22 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.23 | 30.6.22 |
| £ | £ |
| Bank loans and overdrafts (see note 9) |
| Trade creditors |
| Social security and other taxes |
| Other creditors |
| Amounts owed to participating |
| interests | 50 | 50 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.6.23 | 30.6.22 |
| £ | £ |
| Bank loans (see note 9) |
| 9. | LOANS |
| An analysis of the maturity of loans is given below: |
| 30.6.23 | 30.6.22 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank loans |
| Amounts falling due between one and two years: |
| Bank loans - 1-2 years |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| AV Rental Services Limited (Registered number: 10272565) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2023 |
| 10. | PROVISIONS FOR LIABILITIES |
| 30.6.23 | 30.6.22 |
| £ | £ |
| Deferred tax | 13,311 | 20,020 |
| Deferred |
| tax |
| £ |
| Balance at 1 July 2022 |
| Accelerated capital allowances | 5,648 |
| Trading losses carried forward | (22,892 | ) |
| Revaluation of assets | 10,535 |
| Balance at 30 June 2023 |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.6.23 | 30.6.22 |
| value: | £ | £ |
| Ordinary A | £1 | 100 | 100 |
| Ordinary B | £1 | 12 | 12 |
| 112 | 112 |
| 12. | RESERVES |
| Non- |
| distributable |
| reserve |
| £ |
| Revaluation reserve | 44,913 |
| At 30 June 2023 |