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Company Registration No. 14096497 (England and Wales)
First Hire Ltd Unaudited accounts for the period from 10 May 2022 to 31 May 2023
First Hire Ltd Unaudited accounts Contents
Page
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First Hire Ltd Company Information for the period from 10 May 2022 to 31 May 2023
Directors
Mr Jarrod Burns Mr Jason Steel
Company Number
14096497 (England and Wales)
Registered Office
THE NEW BUNGALOW THORNTON ROAD GOXHILL BARROW-UPON-HUMBER LINCOLNSHIRE DN19 7LW UNITED KINGDOM
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First Hire Ltd Statement of financial position as at 31 May 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
508,162 
Current assets
Debtors
32,651 
Cash at bank and in hand
9,303 
41,954 
Creditors: amounts falling due within one year
(217,605)
Net current liabilities
(175,651)
Total assets less current liabilities
332,511 
Creditors: amounts falling due after more than one year
(437,669)
Net liabilities
(105,158)
Capital and reserves
Called up share capital
30 
Profit and loss account
(105,188)
Shareholders' funds
(105,158)
For the period ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by
Mr Jason Steel Director Company Registration No. 14096497
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First Hire Ltd Notes to the Accounts for the period from 10 May 2022 to 31 May 2023
1
Statutory information
First Hire Ltd is a private company, limited by shares, registered in England and Wales, registration number 14096497. The registered office is THE NEW BUNGALOW THORNTON ROAD, GOXHILL, BARROW-UPON-HUMBER, LINCOLNSHIRE, DN19 7LW, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
25% straight line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 10 May 2022
- 
- 
- 
- 
Additions
562,154 
45,220 
290 
607,664 
At 31 May 2023
562,154 
45,220 
290 
607,664 
Depreciation
Charge for the period
89,808 
9,598 
96 
99,502 
At 31 May 2023
89,808 
9,598 
96 
99,502 
Net book value
At 31 May 2023
472,346 
35,622 
194 
508,162 
5
Debtors
2023 
£ 
Amounts falling due after more than one year
Trade debtors
30,151 
Other debtors
2,500 
32,651 
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First Hire Ltd Notes to the Accounts for the period from 10 May 2022 to 31 May 2023
6
Creditors: amounts falling due within one year
2023 
£ 
VAT
4,031 
Obligations under finance leases and hire purchase contracts
120,840 
Trade creditors
22,027 
Taxes and social security
1,502 
Loans from directors
69,205 
217,605 
7
Creditors: amounts falling due after more than one year
2023 
£ 
Obligations under finance leases and hire purchase contracts
437,669 
8
Average number of employees
During the period the average number of employees was 3.
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