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REGISTERED NUMBER: 02485216 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Rarehire Limited

Rarehire Limited (Registered number: 02485216)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Rarehire Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: J Tomlinson





SECRETARY: Mrs L Tomlinson





REGISTERED OFFICE: 2 A Dinas Lane
Liverpool
Merseyside
L36 2NF





REGISTERED NUMBER: 02485216 (England and Wales)





ACCOUNTANTS: R.L.Ferris Ltd
Chartered Accountants
64 Derby Lane
Liverpool
Merseyside
L13 3DN

Rarehire Limited (Registered number: 02485216)

Balance Sheet
30 November 2023

30.11.22 30.11.23
£    £    Notes £    £   
FIXED ASSETS
6,034 Tangible assets 4 4,777

CURRENT ASSETS
198,261 Debtors 5 442,762
74,884 Cash at bank and in hand 285,373
273,145 728,135
CREDITORS
276,211 Amounts falling due within one year 6 693,044
(3,066 ) NET CURRENT ASSETS/(LIABILITIES) 35,091
2,968 TOTAL ASSETS LESS CURRENT
LIABILITIES

39,868

CAPITAL AND RESERVES
100 Called up share capital 100
2,868 Retained earnings 39,768
2,968 SHAREHOLDERS' FUNDS 39,868

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 10 July 2024 and were signed by:





J Tomlinson - Director


Rarehire Limited (Registered number: 02485216)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Rarehire 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.
Radios & aerials - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 98,556
DEPRECIATION
At 1 December 2022 92,522
Charge for year 1,257
At 30 November 2023 93,779
NET BOOK VALUE
At 30 November 2023 4,777
At 30 November 2022 6,034

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 442,762 198,261

Rarehire Limited (Registered number: 02485216)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts - 679
Trade creditors 394,178 147,070
Taxation and social security 189,440 64,235
Other creditors 109,426 64,227
693,044 276,211

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £81,060 (2022 - £100,152) were paid to the director .