Caseware UK (AP4) 2023.0.135 2023.0.135 true12022-12-01falseNo description of principal activity1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08732462 2022-12-01 2023-11-30 08732462 2021-12-01 2022-11-30 08732462 2023-11-30 08732462 2022-11-30 08732462 c:Director1 2022-12-01 2023-11-30 08732462 d:PlantMachinery 2022-12-01 2023-11-30 08732462 d:PlantMachinery 2023-11-30 08732462 d:PlantMachinery 2022-11-30 08732462 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 08732462 d:MotorVehicles 2022-12-01 2023-11-30 08732462 d:MotorVehicles 2023-11-30 08732462 d:MotorVehicles 2022-11-30 08732462 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 08732462 d:OfficeEquipment 2022-12-01 2023-11-30 08732462 d:OfficeEquipment 2023-11-30 08732462 d:OfficeEquipment 2022-11-30 08732462 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 08732462 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 08732462 d:CurrentFinancialInstruments 2023-11-30 08732462 d:CurrentFinancialInstruments 2022-11-30 08732462 d:Non-currentFinancialInstruments 2023-11-30 08732462 d:Non-currentFinancialInstruments 2022-11-30 08732462 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 08732462 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 08732462 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 08732462 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 08732462 d:ShareCapital 2023-11-30 08732462 d:ShareCapital 2022-11-30 08732462 d:RetainedEarningsAccumulatedLosses 2023-11-30 08732462 d:RetainedEarningsAccumulatedLosses 2022-11-30 08732462 c:OrdinaryShareClass1 2022-12-01 2023-11-30 08732462 c:OrdinaryShareClass1 2023-11-30 08732462 c:OrdinaryShareClass1 2022-11-30 08732462 c:FRS102 2022-12-01 2023-11-30 08732462 c:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 08732462 c:FullAccounts 2022-12-01 2023-11-30 08732462 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08732462 2 2022-12-01 2023-11-30 08732462 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-11-30 08732462 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-11-30 08732462 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08732462










365 Hire Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 November 2023

 
365 Hire Limited
 
  
Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of 365 Hire Limited for the year ended 30 November 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 365 Hire Limited for the year ended 30 November 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of 365 Hire Limited in accordance with the terms of our engagement letter dated 29 July 2021Our work has been undertaken solely to prepare for your approval the financial statements of 365 Hire Limited and state those matters that we have agreed to state to the director of 365 Hire Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 365 Hire Limited and its director for our work or for this report. 

It is your duty to ensure that 365 Hire Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of 365 Hire Limited. You consider that 365 Hire Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of 365 Hire Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Discovery Park
Date:
30 August 2024
Page 1

 
365 Hire Limited
Registered number: 08732462

Balance sheet
As at 30 November 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
280,395
287,228

  
280,395
287,228

Current assets
  

Debtors: amounts falling due within one year
 5 
183,537
350,529

Bank & cash balances
  
124,819
69,883

  
308,356
420,412

Creditors: amounts falling due within one year
 6 
(47,386)
(96,371)

Net current assets
  
 
 
260,970
 
 
324,041

Total assets less current liabilities
  
541,365
611,269

Creditors: amounts falling due after more than one year
 7 
-
(34,243)

  

Net assets
  
541,365
577,026


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
541,364
577,025

  
541,365
577,026


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

Mrs G Astley-Gorman
Director
Date: 30 August 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
365 Hire Limited
 

 
Notes to the financial statements
For the year ended 30 November 2023

1.


General information

365 Hire Limited is a private company limited by shares and is incorporated in England with the registration number 08732462. The address of the registered office is Innovation House C/O Kreston Reeves LLP, Ramsgate Road, Sandwich, Kent, CT13 9FF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in pounds sterling and are rounded to the nearest pound.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
365 Hire Limited
 

 
Notes to the financial statements
For the year ended 30 November 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant & machinery
-
5 - 33% reducing balance
Motor vehicles
-
20% straight line
Office equipment
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
365 Hire Limited
 

 
Notes to the financial statements
For the year ended 30 November 2023

2.Accounting policies (continued)

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


3.


Employees



The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
365 Hire Limited
 

 
Notes to the financial statements
For the year ended 30 November 2023

4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 December 2022
567,004
112,080
4,404
683,488


Additions
44,215
-
-
44,215


Disposals
(159,670)
-
-
(159,670)



At 30 November 2023

451,549
112,080
4,404
568,033



Depreciation


At 1 December 2022
279,776
112,080
4,404
396,260


Charge for the year on owned assets
22,779
-
-
22,779


Disposals
(131,401)
-
-
(131,401)



At 30 November 2023

171,154
112,080
4,404
287,638



Net book value



At 30 November 2023
280,395
-
-
280,395



At 30 November 2022
287,228
-
-
287,228

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Plant and machinery
202,568
244,990

Page 6

 
365 Hire Limited
 

 
Notes to the financial statements
For the year ended 30 November 2023

5.


Debtors

2023
2022
£
£


Trade debtors
6,268
-

Amounts owed by group undertakings
174,287
347,598

Other debtors
1,592
1,592

Prepayments and accrued income
1,390
1,339

183,537
350,529



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
3,506
13,256

Corporation tax
-
11,508

Other taxation and social security
4,955
5,548

Obligations under finance lease and hire purchase contracts
35,075
62,559

Accruals and deferred income
3,850
3,500

47,386
96,371



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
-
34,243

-
34,243


Page 7

 
365 Hire Limited
 

 
Notes to the financial statements
For the year ended 30 November 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary shares share of £1.00
1
1



9.


Related party transactions

All related party transactions during the current and prior periods, including key management personnel compensation, were made under normal market conditions.


10.


Controlling party

The ultimate controlling party is Mrs Gail Astley-Gorman by virtue of her 100% shareholding.


Page 8