RCP Vehicle Hire Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03267972 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

RCP Vehicle Hire Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R A Batting

SECRETARY:

R A Batting

REGISTERED OFFICE:

Townsend Garage

Thame Road

Haddenham

Buckinghamshire

HP17 8BY

REGISTERED NUMBER:

03267972 (England and Wales)

ACCOUNTANTS:

Fizz Accounting Limited

6a St Andrews Court

Wellington Street

Thame

Oxfordshire

OX9 3WT

FIXED ASSETS

Tangible assets

4

30,099

26,319

CURRENT ASSETS

Debtors

82,535

80,510

Cash at bank

-

22

82,535

80,532

CREDITORS

Amounts falling due within one year

86,051

78,452

NET CURRENT (LIABILITIES)/ASSETS

(3,516

)

2,080

TOTAL ASSETS LESS CURRENT LIABILITIES

26,583

28,399

CREDITORS

Amounts falling due after more than one year

25,504

28,290

NET ASSETS

1,079

109

CAPITAL AND RESERVES

Called up share capital

5

5

Retained earnings

1,074

104

SHAREHOLDERS' FUNDS

1,079

109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 20 August 2018 and were signed by:

R A Batting - Director

1.	STATUTORY INFORMATION

RCP Vehicle 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

55,427

Additions

17,386

Disposals

(11,586

)

At 31 March 2018

61,227

DEPRECIATION

At 1 April 2017

29,108

Charge for year

10,475

Eliminated on disposal

(8,455

)

At 31 March 2018

31,128

NET BOOK VALUE

At 31 March 2018

30,099

At 31 March 2017

26,319

5.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.18

31.3.17

£

£

Other loan

15,950

28,915

Included in other creditors ia a loan totalling £15,950 (2017: £28,915). £5,400 (2017: £12,965) of the loan is

due in less than one year and £10,550 (2017: £15,950) is due in greater than one year. The loan is secured by

way of personal guarantees from the directors.

6.	OTHER FINANCIAL COMMITMENTS

The company had total guarantees, contingencies and commitments at the year end of £3,098 (2017: £4,956).

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2018 £34,781 (2017: £43,192) was owed to the company by its director.

8.	ULTIMATE CONTROLLING PARTY

The company was controlled by its directors throughout the year.