IRIS Accounts Production v23.2.0.158 01041586 Board of Directors Board of Directors Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure010415862022-03-31010415862023-03-31010415862022-04-012023-03-31010415862021-03-31010415862021-04-012022-03-31010415862022-03-3101041586ns16:EnglandWales2022-04-012023-03-3101041586ns15:PoundSterling2022-04-012023-03-3101041586ns11:Director12022-04-012023-03-3101041586ns11:Director22022-04-012023-03-3101041586ns11:Director32022-04-012023-03-3101041586ns11:Director42022-04-012023-03-3101041586ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3101041586ns11:SmallEntities2022-04-012023-03-3101041586ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3101041586ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3101041586ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3101041586ns11:FullAccounts2022-04-012023-03-3101041586ns11:CompanySecretary12022-04-012023-03-3101041586ns11:RegisteredOffice2022-04-012023-03-3101041586ns6:CurrentFinancialInstruments2023-03-3101041586ns6:CurrentFinancialInstruments2022-03-3101041586ns6:ShareCapital2023-03-3101041586ns6:ShareCapital2022-03-3101041586ns6:RetainedEarningsAccumulatedLosses2023-03-3101041586ns6:RetainedEarningsAccumulatedLosses2022-03-3101041586ns6:PlantMachinery2022-04-012023-03-3101041586ns6:FurnitureFittings2022-04-012023-03-3101041586ns6:MotorVehicles2022-04-012023-03-3101041586ns6:ComputerEquipment2022-04-012023-03-3101041586ns6:ShortLeaseholdAssetsns6:LandBuildings2022-03-3101041586ns6:PlantMachinery2022-03-3101041586ns6:FurnitureFittings2022-03-3101041586ns6:ShortLeaseholdAssetsns6:LandBuildings2022-04-012023-03-3101041586ns6:ShortLeaseholdAssetsns6:LandBuildings2023-03-3101041586ns6:PlantMachinery2023-03-3101041586ns6:FurnitureFittings2023-03-3101041586ns6:ShortLeaseholdAssetsns6:LandBuildings2022-03-3101041586ns6:PlantMachinery2022-03-3101041586ns6:FurnitureFittings2022-03-3101041586ns6:MotorVehicles2022-03-3101041586ns6:ComputerEquipment2022-03-3101041586ns6:MotorVehicles2023-03-3101041586ns6:ComputerEquipment2023-03-3101041586ns6:MotorVehicles2022-03-3101041586ns6:ComputerEquipment2022-03-3101041586ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3101041586ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: 01041586 (England and Wales)















JH (LIFTING GEAR HIRE) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






JH (LIFTING GEAR HIRE) LIMITED (REGISTERED NUMBER: 01041586)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JH (LIFTING GEAR HIRE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs D L Booker
G J Booker
R M Oliveira
Mrs F E Oliveira





SECRETARY: Mrs D L Booker





REGISTERED OFFICE: 424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SR





REGISTERED NUMBER: 01041586 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

JH (LIFTING GEAR HIRE) LIMITED (REGISTERED NUMBER: 01041586)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 66,868 58,673

CURRENT ASSETS
Stocks 56,459 75,752
Debtors 5 350,887 275,131
Cash at bank and in hand 189,713 163,425
597,059 514,308
CREDITORS
Amounts falling due within one year 6 (223,445 ) (214,170 )
NET CURRENT ASSETS 373,614 300,138
TOTAL ASSETS LESS CURRENT
LIABILITIES

440,482

358,811

PROVISIONS FOR LIABILITIES (12,705 ) (11,148 )
NET ASSETS 427,777 347,663

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 427,673 347,559
SHAREHOLDERS' FUNDS 427,777 347,663

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

JH (LIFTING GEAR HIRE) LIMITED (REGISTERED NUMBER: 01041586)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by:




G J Booker - Director Mrs D L Booker - Director




Mrs F E Oliveira - Director R M Oliveira - Director


JH (LIFTING GEAR HIRE) LIMITED (REGISTERED NUMBER: 01041586)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 10% on cost
Fixture & Fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

JH (LIFTING GEAR HIRE) LIMITED (REGISTERED NUMBER: 01041586)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Fixture &
leasehold machinery Fittings
£    £    £   
COST
At 1 April 2022 430 405,132 11,018
Additions - 12,844 2,587
At 31 March 2023 430 417,976 13,605
DEPRECIATION
At 1 April 2022 430 369,739 8,302
Charge for year - 3,635 822
At 31 March 2023 430 373,374 9,124
NET BOOK VALUE
At 31 March 2023 - 44,602 4,481
At 31 March 2022 - 35,393 2,716

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 55,751 26,683 499,014
Additions - 3,150 18,581
At 31 March 2023 55,751 29,833 517,595
DEPRECIATION
At 1 April 2022 44,140 17,730 440,341
Charge for year 2,903 3,026 10,386
At 31 March 2023 47,043 20,756 450,727
NET BOOK VALUE
At 31 March 2023 8,708 9,077 66,868
At 31 March 2022 11,611 8,953 58,673

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 250,376 230,658
Other debtors 100,511 44,473
350,887 275,131

JH (LIFTING GEAR HIRE) LIMITED (REGISTERED NUMBER: 01041586)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 111,414 128,527
Taxation and social security 77,917 54,385
Other creditors 34,114 31,258
223,445 214,170

7. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled equally by Mrs D Booker, a director who holds 28% of the issued share capital of the company and Mr G Booker, a director who holds 27% of the issued share capital.