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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST DECEMBER 2017 |
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CENTRAL (UK) VEHICLE LEASING LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST DECEMBER 2017 |
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FOR |
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CENTRAL (UK) VEHICLE LEASING LIMITED |
CENTRAL (UK) VEHICLE LEASING LIMITED (REGISTERED NUMBER: 05588160) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31st December 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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CENTRAL (UK) VEHICLE LEASING LIMITED |
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COMPANY INFORMATION |
for the Year Ended 31st December 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
15 Bridge Road |
Wellington |
Telford |
Shropshire |
TF1 1EB |
CENTRAL (UK) VEHICLE LEASING LIMITED (REGISTERED NUMBER: 05588160) |
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BALANCE SHEET |
31st December 2017 |
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31.12.17 | 31.12.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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Investments | 6 |
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Investment property | 7 |
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CURRENT ASSETS |
Debtors | 8 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 9 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
10 |
( |
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( |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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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. |
CENTRAL (UK) VEHICLE LEASING LIMITED (REGISTERED NUMBER: 05588160) |
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BALANCE SHEET - continued |
31st December 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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CENTRAL (UK) VEHICLE LEASING LIMITED (REGISTERED NUMBER: 05588160) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31st December 2017 |
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1. | STATUTORY INFORMATION |
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Central (UK) Vehicle Leasing Limited is a
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The company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Franchise cost |
The franchise cost is being written off over the five years of the agreement. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Freehold property is not depreciated as it is maintained at a level of repair that ensures its current value (which is |
reviewed on an annual basis by the Directors) exceeds the original cost. |
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Investment property |
The Directors believe the fair value of the Investment Property cannot be measured reliably without undue cost |
or effort. As required under FRS102, the property is accounted for under the cost less depreciation method. |
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The Investment Property is not depreciated as it is maintained at a level of repair that ensures its current value |
(which is reviewed on an annual basis by the Directors) exceeds the original cost, and, will ensure the residual |
value of the property at the end of its useful life will be greater than its original cost. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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CENTRAL (UK) VEHICLE LEASING LIMITED (REGISTERED NUMBER: 05588160) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31st December 2017 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Franchise |
cost |
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COST |
At 1st January 2017 |
and 31st December 2017 |
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AMORTISATION |
At 1st January 2017 |
and 31st December 2017 |
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NET BOOK VALUE |
At 31st December 2017 |
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At 31st December 2016 |
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CENTRAL (UK) VEHICLE LEASING LIMITED (REGISTERED NUMBER: 05588160) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31st December 2017 |
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1st January 2017 |
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Additions |
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At 31st December 2017 |
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DEPRECIATION |
At 1st January 2017 |
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Charge for year |
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At 31st December 2017 |
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NET BOOK VALUE |
At 31st December 2017 |
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At 31st December 2016 |
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6. | FIXED ASSET INVESTMENTS |
Other |
investments |
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COST |
Additions |
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At 31st December 2017 |
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NET BOOK VALUE |
At 31st December 2017 |
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7. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1st January 2017 |
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Additions |
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At 31st December 2017 |
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NET BOOK VALUE |
At 31st December 2017 |
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At 31st December 2016 |
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The Directors believe the fair value of the property cannot be measured reliably without undue cost or effort. As |
required under FRS102, the property is accounted for under the cost less depreciation method. |
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The Investment Property is not depreciated as it is maintained at a level of repair that ensures its current value |
(which is reviewed on an annual basis by the Directors) exceeds the original cost. |
CENTRAL (UK) VEHICLE LEASING LIMITED (REGISTERED NUMBER: 05588160) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31st December 2017 |
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8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Trade debtors |
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Other debtors |
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9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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10. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Other creditors |
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11. | ULTIMATE CONTROLLING PARTY |
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The controlling party is Miss G Badhan and Miss S Badhan as they co-operate to exercise control. |