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REGISTERED NUMBER: 09992162 (England and Wales)















Hire Steam Ltd

Abridged Unaudited Financial Statements

for the Year Ended 28 February 2023






Hire Steam Ltd (Registered number: 09992162)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


Hire Steam Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: D Rogers





REGISTERED OFFICE: 33 Alvis Way
Royal Oak Industrial Estate
Daventry
Northamptonshire
NN11 8PG





REGISTERED NUMBER: 09992162 (England and Wales)





ACCOUNTANTS: Vanmali & Co Ltd
Chartered Certified Accountants
25A High Street
Daventry
Northamptonshire
NN11 4BG

Hire Steam Ltd (Registered number: 09992162)

Abridged Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,339 25,424

CURRENT ASSETS
Stocks - 12,500
Debtors 4,832 2,889
Cash at bank 9,863 917
14,695 16,306
CREDITORS
Amounts falling due within one year 4,210 3,929
NET CURRENT ASSETS 10,485 12,377
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,824

37,801

CREDITORS
Amounts falling due after more than one
year

5

-

3,000
NET ASSETS 30,824 34,801

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 30,804 34,781
SHAREHOLDERS' FUNDS 30,824 34,801

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Hire Steam Ltd (Registered number: 09992162)

Abridged Balance Sheet - continued
28 February 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 November 2023 and were signed by:





D Rogers - Director


Hire Steam Ltd (Registered number: 09992162)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Hire Steam Ltd 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 etc - 20% 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.

3. EMPLOYEES AND DIRECTORS

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

Hire Steam Ltd (Registered number: 09992162)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022
and 28 February 2023 51,780
DEPRECIATION
At 1 March 2022 26,356
Charge for year 5,085
At 28 February 2023 31,441
NET BOOK VALUE
At 28 February 2023 20,339
At 28 February 2022 25,424

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Other loans more 5yrs instal - 3,000

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
D Rogers
Balance outstanding at start of year 2,889 -
Amounts advanced 4,832 2,889
Amounts repaid (2,889 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,832 2,889

Director Loan is subject to 5.5% (2022 - 3.5%).