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Company Registration No. 9256423 (England and Wales)
Hirenet Ltd Unaudited accounts for the year ended 31 October 2023
Hirenet Ltd Unaudited accounts Contents
Page
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Hirenet Ltd Company Information for the year ended 31 October 2023
Directors
N Marshall G Glendenning
Company Number
9256423 (England and Wales)
Registered Office
Lausanne 11 Ridgeway Newport NP20 5AF United Kingdom
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Hirenet Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
349,488 
362,474 
Current assets
Debtors
50,551 
100,716 
Cash at bank and in hand
248,455 
246,168 
299,006 
346,884 
Creditors: amounts falling due within one year
(170,408)
(152,319)
Net current assets
128,598 
194,565 
Total assets less current liabilities
478,086 
557,039 
Creditors: amounts falling due after more than one year
(34,987)
(41,199)
Net assets
443,099 
515,840 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
443,095 
515,836 
Shareholders' funds
443,099 
515,840 
For the year ending 31 October 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 March 2024 and were signed on its behalf by
N Marshall Director Company Registration No. 9256423
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Hirenet Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Hirenet Ltd is a private company, limited by shares, registered in England and Wales, registration number 9256423. The registered office is Lausanne, 11 Ridgeway, Newport, NP20 5AF, 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 year, 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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20
Motor vehicles
25
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
838,917 
127,368 
966,285 
Additions
101,065 
30,000 
131,065 
At 31 October 2023
939,982 
157,368 
1,097,350 
Depreciation
At 1 November 2022
476,443 
127,368 
603,811 
Charge for the year
136,551 
7,500 
144,051 
At 31 October 2023
612,994 
134,868 
747,862 
Net book value
At 31 October 2023
326,988 
22,500 
349,488 
At 31 October 2022
362,474 
- 
362,474 
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Hirenet Ltd Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
50,551 
100,716 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
13,989 
- 
Obligations under finance leases and hire purchase contracts
22,874 
- 
Trade creditors
48,109 
89,844 
Taxes and social security
83,730 
61,425 
Loans from directors
539 
(117)
Accruals
1,167 
1,167 
170,408 
152,319 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
34,987 
41,199 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4 
4 
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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