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REGISTERED NUMBER: 07185911 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

S C HIRE SERVICES LIMITED

S C HIRE SERVICES LIMITED (REGISTERED NUMBER: 07185911)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S C HIRE SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: S A Coates





REGISTERED OFFICE: Fulshaw Head Farm
Pasture Lane
Barrowford
Nelson
Lancashire
BB9 6RA





REGISTERED NUMBER: 07185911 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

S C HIRE SERVICES LIMITED (REGISTERED NUMBER: 07185911)

BALANCE SHEET
31ST MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,188 53,397

CURRENT ASSETS
Stocks 38,415 24,020
Debtors 5 - 1,430
Cash at bank and in hand 38,783 81,253
77,198 106,703
CREDITORS
Amounts falling due within one year 6 41,305 34,614
NET CURRENT ASSETS 35,893 72,089
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,081

125,486

CREDITORS
Amounts falling due after more than one
year

7

(24,970

)

(55,285

)

PROVISIONS FOR LIABILITIES (7,826 ) (10,145 )
NET ASSETS 44,285 60,056

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 44,284 60,055
SHAREHOLDERS' FUNDS 44,285 60,056

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

S C HIRE SERVICES LIMITED (REGISTERED NUMBER: 07185911)

BALANCE SHEET - continued
31ST 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 director and authorised for issue on 19th October 2023 and were signed by:





S A Coates - Director


S C HIRE SERVICES LIMITED (REGISTERED NUMBER: 07185911)

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


1. STATUTORY INFORMATION

S C Hire Services 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 represents the 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

S C HIRE SERVICES LIMITED (REGISTERED NUMBER: 07185911)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022 111,195
Additions 1,390
At 31st March 2023 112,585
DEPRECIATION
At 1st April 2022 57,798
Charge for year 13,599
At 31st March 2023 71,397
NET BOOK VALUE
At 31st March 2023 41,188
At 31st March 2022 53,397

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st April 2022
and 31st March 2023 71,046
DEPRECIATION
At 1st April 2022 31,664
Charge for year 9,846
At 31st March 2023 41,510
NET BOOK VALUE
At 31st March 2023 29,536
At 31st March 2022 39,382

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors - 1,430

S C HIRE SERVICES LIMITED (REGISTERED NUMBER: 07185911)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 9,290 9,400
Hire purchase contracts 21,527 7,869
Trade creditors 1,981 143
Taxation and social security 6,184 15,508
Other creditors 2,323 1,694
41,305 34,614

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 23,760 32,547
Hire purchase contracts 1,210 22,738
24,970 55,285

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Hire purchase contracts 22,737 30,607

Hire purchase contracts are secured on the assets to which they relate.