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REGISTERED NUMBER: NI008362 (Northern Ireland)















Financial Statements

for the Year Ended 31 March 2023

for

Belfast Equipment Hire Limited

Belfast Equipment Hire Limited (Registered number: NI008362)






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


Belfast Equipment Hire Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr Mark Robin Alexander
Mr David John Megrath
Mr Peter Alexander





REGISTERED OFFICE: Unit 20 Blaris Industrial Estate
Altona Road
Lisburn
Co. Antrim
BT27 5QB





REGISTERED NUMBER: NI008362 (Northern Ireland)





ACCOUNTANTS: McCleary & Company Ltd
Chartered Accountants
Garvey Studios
14 Longstone Street
Lisburn
Co. Antrim
BT28 1TP

Belfast Equipment Hire Limited (Registered number: NI008362)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,645,503 1,643,202

CURRENT ASSETS
Debtors 5 1,505,338 1,520,258
Cash at bank 295,713 263,875
1,801,051 1,784,133
CREDITORS
Amounts falling due within one year 6 (672,752 ) (689,888 )
NET CURRENT ASSETS 1,128,299 1,094,245
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,773,802

2,737,447

CREDITORS
Amounts falling due after more than one
year

7

(723,034

)

(808,001

)

PROVISIONS FOR LIABILITIES (328,591 ) (225,100 )
NET ASSETS 1,722,177 1,704,346

CAPITAL AND RESERVES
Called up share capital 500,100 500,100
Retained earnings 1,222,077 1,204,246
1,722,177 1,704,346

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.

Belfast Equipment Hire Limited (Registered number: NI008362)

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 25 October 2023 and were signed on its behalf by:





Mr Mark Robin Alexander - Director


Belfast Equipment Hire Limited (Registered number: NI008362)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Belfast Equipment Hire Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods and services falling within the company's ordinary activities.

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 cost and Straight line over the life of the lease

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.

Belfast Equipment Hire Limited (Registered number: NI008362)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 the profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 6,097,301
Additions 525,954
Disposals (485,497 )
At 31 March 2023 6,137,758
DEPRECIATION
At 1 April 2022 4,454,099
Charge for year 495,946
Eliminated on disposal (457,790 )
At 31 March 2023 4,492,255
NET BOOK VALUE
At 31 March 2023 1,645,503
At 31 March 2022 1,643,202

Belfast Equipment Hire Limited (Registered number: NI008362)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 394,627 381,871
Amounts owed by group undertakings 1,110,711 1,138,387
1,505,338 1,520,258

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 472,721 517,049
Trade creditors 3,695 -
Taxation and social security 114,170 69,339
Other creditors 82,166 103,500
672,752 689,888

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 723,034 808,001

8. SECURED DEBTS

Under group banking arrangements group borrowings are secured by fixed charges over premises and book debts and by floating charges over other assets of the group companies and are repayable on demand.

9. RELATED PARTY DISCLOSURES











Purchases
from Related
Parties





Management
ChargesPaid
Loan
Balances
owed to /
(by) Belfast
Equipment
Hire Limited
at Year End
Trading
Balances
owed to /
(by) Belfast
Equipment
Hire Limited
at Year End
££££
Transactions with Controlling Entity266,0001,102,062
Transactions with Other Related
Parties

713,761


8,649



10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is The Alexander Group Holdings Limited.