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Registration number: 03395218

Hire Tools & Sales Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 June 2024

 

Hire Tools & Sales Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 5

 

Hire Tools & Sales Limited

Company Information

Directors

R Gardner

Lee Robert Gardner

Registered office

78 St Andrews Road
Bordesley
Birmingham
B9 4LN

Accountants

McIntosh Accountants Limited
Chartered Accountants
263A Werrington Road
Bucknall
Stoke-on-Trent
ST2 9AS

 

Hire Tools & Sales Limited

(Registration number: 03395218)
Abridged Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

1,166,461

892,550

Investments

1

1

 

1,166,462

892,551

Current assets

 

Stocks

1,000

1,000

Debtors

4

394,440

304,559

Cash at bank and in hand

 

424,682

515,899

 

820,122

821,458

Creditors: Amounts falling due within one year

(407,413)

(374,162)

Net current assets

 

412,709

447,296

Total assets less current liabilities

 

1,579,171

1,339,847

Creditors: Amounts falling due after more than one year

(42,918)

(32,951)

Provisions for liabilities

(291,615)

(223,137)

Accruals and deferred income

 

(8,970)

(6,325)

Net assets

 

1,235,668

1,077,434

Capital and reserves

 

Called up share capital

201

201

Retained earnings

1,235,467

1,077,233

Shareholders' funds

 

1,235,668

1,077,434

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Hire Tools & Sales Limited

(Registration number: 03395218)
Abridged Balance Sheet as at 30 June 2024

Approved and authorised by the Board on 13 August 2024 and signed on its behalf by:
 

.........................................
R Gardner
Director

 

Hire Tools & Sales Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
78 St Andrews Road
Bordesley
Birmingham
B9 4LN
England

These financial statements were authorised for issue by the Board on 13 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Hire Tools & Sales Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance.

Plant & machinery

10% reducing balance.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2023 - 11).

4

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.