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REGISTERED NUMBER: 06044686 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023

FOR

CALL 2 HIRE LTD

CALL 2 HIRE LTD (REGISTERED NUMBER: 06044686)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CALL 2 HIRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr A J Williams
Mrs J Williams
Mr D J Roberts





REGISTERED OFFICE: Unit G
Horselunges Industrial Estate
Hellingly
East Sussex
BN27 4HD





REGISTERED NUMBER: 06044686 (England and Wales)





ACCOUNTANTS: Honey Barrett Limited
Chartered Accountants
53 Gildredge Road
Eastbourne
East Sussex
BN21 4SF

CALL 2 HIRE LTD (REGISTERED NUMBER: 06044686)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 471,278 433,813

CURRENT ASSETS
Stocks 6 1,722 978
Debtors 7 16,352 13,280
Cash at bank and in hand 88,948 32,428
107,022 46,686
CREDITORS
Amounts falling due within one year 8 138,298 112,401
NET CURRENT LIABILITIES (31,276 ) (65,715 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

440,002

368,098

CREDITORS
Amounts falling due after more than
one year

9

(52,549

)

(32,573

)

PROVISIONS FOR LIABILITIES 12 (86,494 ) (76,919 )
NET ASSETS 300,959 258,606

CAPITAL AND RESERVES
Called up share capital 13 160 160
Retained earnings 300,799 258,446
SHAREHOLDERS' FUNDS 300,959 258,606

CALL 2 HIRE LTD (REGISTERED NUMBER: 06044686)

BALANCE SHEET - continued
31 DECEMBER 2023


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

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

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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2024 and were signed on its behalf by:





Mr A J Williams - Director


CALL 2 HIRE LTD (REGISTERED NUMBER: 06044686)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Call 2 Hire 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance (previously 7.5%)
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

Government grants
The entity has adopted the use of the accruals model in respect of grants received.

Any grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in ‘Other income’, in the period to which it relates.

CALL 2 HIRE LTD (REGISTERED NUMBER: 06044686)

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


3. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

CALL 2 HIRE LTD (REGISTERED NUMBER: 06044686)

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


3. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.


CALL 2 HIRE LTD (REGISTERED NUMBER: 06044686)

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


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

CALL 2 HIRE LTD (REGISTERED NUMBER: 06044686)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 621,193 7,431 46,500 675,124
Additions 159,916 - 14,750 174,666
Disposals (128,043 ) (3,270 ) (11,500 ) (142,813 )
At 31 December 2023 653,066 4,161 49,750 706,977
DEPRECIATION
At 1 January 2023 214,884 6,083 20,344 241,311
Charge for year 59,486 362 6,479 66,327
Eliminated on disposal (63,638 ) (3,270 ) (5,031 ) (71,939 )
At 31 December 2023 210,732 3,175 21,792 235,699
NET BOOK VALUE
At 31 December 2023 442,334 986 27,958 471,278
At 31 December 2022 406,309 1,348 26,156 433,813

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2023 122,800
Additions 136,680
Transfer to ownership (57,400 )
At 31 December 2023 202,080
DEPRECIATION
At 1 January 2023 24,029
Charge for year 15,401
Transfer to ownership (15,929 )
At 31 December 2023 23,501
NET BOOK VALUE
At 31 December 2023 178,579
At 31 December 2022 98,771

CALL 2 HIRE LTD (REGISTERED NUMBER: 06044686)

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


6. STOCKS
2023 2022
£    £   
Stocks 1,722 978

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,980 6,017
Other debtors - 500
Corporation tax - 4,459
Prepayments and accrued income 6,372 2,304
16,352 13,280

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,648 9,956
Hire purchase contracts (see note 10)
59,375

35,888
Trade creditors 2,644 5,084
PAYE and social security 2,021 2,593
VAT 6,633 603
Other creditors 146 1,707
Directors' current accounts 53,980 53,980
Accruals and deferred income 2,851 2,590
138,298 112,401

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,648 10,640
Bank loans - 2-5 years 3,615 14,200
Hire purchase contracts (see note 10)
38,286

7,733
52,549 32,573

CALL 2 HIRE LTD (REGISTERED NUMBER: 06044686)

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


10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:


Hire purchase
contracts
2023 2022
£ £
Within one year 38,286 7,732
Between one and five years 59,375 35,888
97,711 43,620

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 97,711 43,620

The hire purchase agreements are secured against the assets held under such agreements.

12. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 86,494 76,919

Deferred
tax
£   
Balance at 1 January 2023 76,919
Provided during year 9,575
Balance at 31 December 2023 86,494

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
160 Ordinary £1 160 160