1 false false false false false false false false false false true false false false false false false No description of principal activity 2022-11-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 13127057 2022-11-01 2023-10-31 13127057 2023-10-31 13127057 2022-10-31 13127057 2021-11-01 2022-10-31 13127057 2022-10-31 13127057 2021-10-31 13127057 core:PlantMachinery 2022-11-01 2023-10-31 13127057 core:MotorVehicles 2022-11-01 2023-10-31 13127057 bus:Director1 2022-11-01 2023-10-31 13127057 core:PlantMachinery 2022-10-31 13127057 core:MotorVehicles 2022-10-31 13127057 core:PlantMachinery 2023-10-31 13127057 core:MotorVehicles 2023-10-31 13127057 core:WithinOneYear 2023-10-31 13127057 core:WithinOneYear 2022-10-31 13127057 core:ShareCapital 2023-10-31 13127057 core:ShareCapital 2022-10-31 13127057 core:RetainedEarningsAccumulatedLosses 2023-10-31 13127057 core:RetainedEarningsAccumulatedLosses 2022-10-31 13127057 core:PlantMachinery 2022-10-31 13127057 core:MotorVehicles 2022-10-31 13127057 bus:SmallEntities 2022-11-01 2023-10-31 13127057 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 13127057 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 13127057 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 13127057 bus:FullAccounts 2022-11-01 2023-10-31
COMPANY REGISTRATION NUMBER: 13127057
RHAB Hire Limited
Filleted Unaudited Financial Statements
For the year ended
31 October 2023
RHAB Hire Limited
Statement of Financial Position
31 October 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
233,428
607,376
Current assets
Stocks
80,230
Debtors
6
160,983
51,493
Cash at bank and in hand
1,310
14,311
---------
--------
242,523
65,804
Creditors: amounts falling due within one year
7
66,204
82,772
---------
--------
Net current assets/(liabilities)
176,319
( 16,968)
---------
---------
Total assets less current liabilities
409,747
590,408
Provisions
Taxation including deferred tax
58,357
144,792
---------
---------
Net assets
351,390
445,616
---------
---------
RHAB Hire Limited
Statement of Financial Position (continued)
31 October 2023
2023
2022
Note
£
£
£
Capital and reserves
Called up share capital
1
1
Profit and loss account
351,389
445,615
---------
---------
Shareholders funds
351,390
445,616
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 July 2024 , and are signed on behalf of the board by:
R Berry
Director
Company registration number: 13127057
RHAB Hire Limited
Notes to the Financial Statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Enterprise House, 38 Tyndall Court, Commerce Road, Lynchwood, Peterborough, PE2 6LR, England. The trading address is Yarwell House, 83 Main St, Yarwell, Peterborough PE8 6PR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 November 2022
717,267
15,000
732,267
Additions
104,750
21,500
126,250
Disposals
( 508,922)
( 508,922)
---------
--------
---------
At 31 October 2023
313,095
36,500
349,595
---------
--------
---------
Depreciation
At 1 November 2022
122,391
2,500
124,891
Charge for the year
139,056
5,365
144,421
Disposals
( 153,145)
( 153,145)
---------
--------
---------
At 31 October 2023
108,302
7,865
116,167
---------
--------
---------
Carrying amount
At 31 October 2023
204,793
28,635
233,428
---------
--------
---------
At 31 October 2022
594,876
12,500
607,376
---------
--------
---------
6. Debtors
2023
2022
£
£
Trade debtors
24,858
50,296
Other debtors
136,125
1,197
---------
--------
160,983
51,493
---------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
252
4,365
Social security and other taxes
61,924
17,914
Other creditors
4,028
60,493
--------
--------
66,204
82,772
--------
--------
8. Director's advances, credits and guarantees
The directors loan account remained in credit throughout the period. No interest is charged on the balance and it is repayable on demand.