Company Registration No. 11074122 (England and Wales)
ACE RENT A VAN CROYDON LTD
Unaudited accounts
for the year ended 30 November 2022
ACE RENT A VAN CROYDON LTD
Unaudited accounts
Contents
ACE RENT A VAN CROYDON LTD
Company Information
for the year ended 30 November 2022
Directors
KIERON TARBIE
LOUIS VERRICO
PAUL VERRICO
Company Number
11074122 (England and Wales)
Registered Office
11 EPSOM ROAD
CROYDON
CR0 4NB
ENGLAND
ACE RENT A VAN CROYDON LTD
Statement of financial position
as at 30 November 2022
Tangible assets
1,130,360
440,235
Cash at bank and in hand
168,165
189,140
Creditors: amounts falling due within one year
(224,834)
(127,082)
Net current (liabilities)/assets
(31,426)
64,613
Total assets less current liabilities
1,098,934
504,848
Creditors: amounts falling due after more than one year
(636,500)
(183,000)
Net assets
462,434
321,848
Called up share capital
100
100
Profit and loss account
462,334
321,748
Shareholders' funds
462,434
321,848
For the year ending 30 November 2022 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 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 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 of Directors and authorised for issue on 19 June 2023 and were signed on its behalf by
KIERON TARBIE
Director
Company Registration No. 11074122
ACE RENT A VAN CROYDON LTD
Notes to the Accounts
for the year ended 30 November 2022
ACE RENT A VAN CROYDON LTD is a private company, limited by shares, registered in England and Wales, registration number 11074122. The registered office is 11 EPSOM ROAD, CROYDON, CR0 4NB, 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.
These financial statements for the year ended 30 November 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2020.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 December 2021
-
618,538
618,538
Additions
27,060
799,783
826,843
Disposals
-
(51,142)
(51,142)
At 30 November 2022
27,060
1,367,179
1,394,239
At 1 December 2021
-
178,303
178,303
Charge for the year
-
136,718
136,718
On disposals
-
(51,142)
(51,142)
At 30 November 2022
-
263,879
263,879
At 30 November 2022
27,060
1,103,300
1,130,360
At 30 November 2021
-
440,235
440,235
ACE RENT A VAN CROYDON LTD
Notes to the Accounts
for the year ended 30 November 2022
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
8,750
8,900
Obligations under finance leases and hire purchase contracts
120,000
30,000
Trade creditors
1,250
1,250
Taxes and social security
38,500
38,248
Other creditors
56,334
48,684
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
610,000
145,000
8
Average number of employees
During the year the average number of employees was 5 (2021: 5).