Company Registration No. 9256423 (England and Wales)
Hirenet Ltd
Unaudited accounts
for the year ended 31 October 2023
Hirenet Ltd
Unaudited accounts
Contents
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
Hirenet Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
349,488
362,474
Cash at bank and in hand
248,455
246,168
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
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
Hirenet Ltd
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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
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
At 31 October 2023
326,988
22,500
349,488
At 31 October 2022
362,474
-
362,474
Hirenet Ltd
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Trade debtors
50,551
100,716
6
Creditors: amounts falling due within one year
2023
2022
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)
7
Creditors: amounts falling due after more than one year
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).