Abbreviated Company Accounts - CAR RENTALS LIMITED

CAR RENTALS LIMITED - Company Information

02143908 CAR RENTALS LIMITED 2013-10-31 false 2012-11-01 2013-10-31 true 02143908 2012-11-01 2013-10-31 02143908 2013-10-31 02143908 2012-10-31 02143908 uk-gaap-cd-bus:Director1 2012-11-01 2013-10-31 02143908 uk-gaap-cd-bus:Director2 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-10-31 iso4217:GBP shares

Registered Number 02143908

CAR RENTALS LIMITED

Abbreviated Accounts

31 October 2013

CAR RENTALS LIMITED Registered Number 02143908

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	27,997	3
		27,997	3
Current assets
Stocks		1,450	1,450
Debtors		14,663	12,907
Cash at bank and in hand		911,002	966,057
		927,115	980,414
Creditors: amounts falling due within one year		(349,388)	(307,646)
Net current assets (liabilities)		577,727	672,768
Total assets less current liabilities		605,724	672,771
Total net assets (liabilities)		605,724	672,771
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		605,624	672,671
Shareholders' funds		605,724	672,771

For the year ending 31 October 2013 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 July 2014

And signed on their behalf by:
Mr C JENNER, Director

CAR RENTALS LIMITED Registered Number 02143908

Notes to the Abbreviated Accounts for the period ended 31 October 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 10% Straight Line
Plant & Machinery 25% Reducing Balance
Motor Vehicles 20% Reducing Balance
Computer Equipment 30% Reducing Balance

Other accounting policies
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2Tangible fixed assets

	£
Cost
At 1 November 2012	9,000
Additions	34,992
Disposals	0
Revaluations	0
Transfers	0
At 31 October 2013	43,992
Depreciation
At 1 November 2012	8,997
Charge for the year	6,998
On disposals	-
At 31 October 2013	15,995
Net book values
At 31 October 2013	27,997
At 31 October 2012	3

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
100 Ordinary shares of £1 each	100	100