Registered number
14141686
Henderson Hire Ltd
Filleted Accounts
31 May 2023
Henderson Hire Ltd
Registered number: 14141686
Balance Sheet
as at 31 May 2023
Notes 2023
£
Fixed assets
Intangible assets 3 11,070
Tangible assets 4 159,885
170,955
Current assets
Debtors 5 153,758
Cash at bank and in hand 46,637
200,395
Creditors: amounts falling due within one year 6 (193,507)
Net current assets 6,888
Total assets less current liabilities 177,843
Creditors: amounts falling due after more than one year 7 (90,920)
Provisions for liabilities (29,167)
Net assets 57,756
Capital and reserves
Called up share capital 100
Profit and loss account 57,656
Shareholders' funds 57,756
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Henderson
Director
Approved by the board on 20 February 2024
Henderson Hire Ltd
Notes to the Accounts
for the period from 30 May 2022 to 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at the following rates:
Plant and machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023
Number
Average number of persons employed by the company 23
3 Intangible fixed assets £
Goodwill:
Cost
Additions 12,300
At 31 May 2023 12,300
Amortisation
Provided during the period 1,230
At 31 May 2023 1,230
Net book value
At 31 May 2023 11,070
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
Additions 2,720 190,554 193,274
Disposals - (10,375) (10,375)
At 31 May 2023 2,720 180,179 182,899
Depreciation
Charge for the period 299 22,715 23,014
At 31 May 2023 299 22,715 23,014
Net book value
At 31 May 2023 2,421 157,464 159,885
5 Debtors 2023
£
Trade debtors 123,113
Other debtors 30,645
153,758
6 Creditors: amounts falling due within one year 2023
£
Bank loans and overdrafts 40,029
Obligations under finance lease and hire purchase contracts 35,634
Trade creditors 44,285
Taxation and social security costs 54,448
Other creditors 19,111
193,507
7 Creditors: amounts falling due after one year 2023
£
Bank loans 556
Obligations under finance lease and hire purchase contracts 90,364
90,920
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
C Henderson
Directors loans - (23,551) 32,069 8,518
A M Henderson
Directors loans - (8,051) 18,644 10,593
- (31,602) 50,713 19,111
9 Controlling party
The company is controlled by its Directors.
10 Other information
Henderson Hire Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 High Street
Stanley
Co Durham
DH9 0DQ
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