Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
J S Vehicle Rental Ltd
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5 ) have been prepared.
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
J S Vehicle Rental Ltd
for the Year Ended 31 May 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of J S Vehicle Rental Ltd for the year ended 31 May 2016 set out on pages 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 icaew.com/membershandbook .
This report is made solely to the Board of Directors of J S Vehicle Rental Ltd, 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 J S Vehicle Rental Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J S Vehicle Rental Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that J S Vehicle Rental Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of J S Vehicle Rental Ltd. You consider that J S Vehicle Rental Ltd 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 J S Vehicle Rental Ltd. 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.
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Morgan Cameron Limited
Chartered Accountants
9 Thorney Leys Park
Witney
Oxfordshire
OX28 4GE
23 February 2017
J S Vehicle Rental Ltd
(Registration number: 05022602)
Abbreviated Balance Sheet at 31 May 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
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2
J S Vehicle Rental Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Motor vehicles |
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Fixtures and fittings |
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Freehold buildings |
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Deferred tax
Hire purchase and leasing
Pensions
J S Vehicle Rental Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 June 2015 |
658,324 |
658,324 |
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Additions |
84,800 |
84,800 |
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Disposals |
(56,214) |
(56,214) |
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At 31 May 2016 |
686,910 |
686,910 |
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Depreciation |
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At 1 June 2015 |
203,487 |
203,487 |
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Charge for the year |
61,437 |
61,437 |
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Eliminated on disposals |
(29,068) |
(29,068) |
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At 31 May 2016 |
235,856 |
235,856 |
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Net book value |
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At 31 May 2016 |
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At 31 May 2015 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2016
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2015
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Amounts falling due within one year |
77,100 |
63,281 |
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Amounts falling due after more than one year |
276,397 |
299,435 |
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Total secured creditors |
353,497 |
362,716 |
Included in the creditors are the following amounts due after more than five years:
2016
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2015
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After more than five years by instalments |
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J S Vehicle Rental Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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New shares allotted
During the year
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