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REGISTERED NUMBER: 12704089 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

YORKSHIRE HIRE CENTRE LIMITED

YORKSHIRE HIRE CENTRE LIMITED (REGISTERED NUMBER: 12704089)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


YORKSHIRE HIRE CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: G L E Foster





REGISTERED OFFICE: 4 Forkerleys
Hedon Road
Burstwick
Hull
E. Yorks
HU12 9HA





REGISTERED NUMBER: 12704089 (England and Wales)





ACCOUNTANTS: Majors Limited
F15 The Bloc
38 Springfield Way
Anlaby
Hull
E. Yorks
HU10 6RJ

YORKSHIRE HIRE CENTRE LIMITED (REGISTERED NUMBER: 12704089)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 884,693 940,771

CURRENT ASSETS
Debtors 5 139,216 67,004
Cash at bank 119,336 20,625
258,552 87,629
CREDITORS
Amounts falling due within one year 6 669,966 634,590
NET CURRENT LIABILITIES (411,414 ) (546,961 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

473,279

393,810

CREDITORS
Amounts falling due after more than
one year

7

(128,147

)

(155,826

)

PROVISIONS FOR LIABILITIES (58,684 ) (6,451 )
NET ASSETS 286,448 231,533

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 286,398 231,483
SHAREHOLDERS' FUNDS 286,448 231,533

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

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

YORKSHIRE HIRE CENTRE LIMITED (REGISTERED NUMBER: 12704089)

BALANCE SHEET - continued
31 OCTOBER 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 director and authorised for issue on 30 July 2024 and were signed by:





G L E Foster - Director


YORKSHIRE HIRE CENTRE LIMITED (REGISTERED NUMBER: 12704089)

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

1. STATUTORY INFORMATION

Yorkshire Hire Centre Limited 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 - 33% on cost and 10% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

YORKSHIRE HIRE CENTRE LIMITED (REGISTERED NUMBER: 12704089)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 987,141
Additions 43,827
At 31 October 2023 1,030,968
DEPRECIATION
At 1 November 2022 46,370
Charge for year 99,905
At 31 October 2023 146,275
NET BOOK VALUE
At 31 October 2023 884,693
At 31 October 2022 940,771

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 139,216 67,004

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 27,679 24,152
Trade creditors 1,380 3,111
Tax 12,619 -
VAT 35,783 17,591
Other creditors 63,212 91,212
Directors' current accounts - 5,000
Accrued expenses 529,293 493,524
669,966 634,590

YORKSHIRE HIRE CENTRE LIMITED (REGISTERED NUMBER: 12704089)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 27,679 24,152
Bank loans - 2-5 years 100,468 72,456
Bank loans more 5 yr by instal - 59,218
128,147 155,826

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 59,218