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Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Anthony Hire Limited

Anthony Hire Limited (Registered number: 04694681)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Anthony Hire Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A J Barnes
B G Barnes





SECRETARY: A J Barnes





REGISTERED OFFICE: 146 High Street
Billericay
Essex
CM12 9DF





REGISTERED NUMBER: 04694681 (England and Wales)





ACCOUNTANTS: Michael Letch & Partners LLP
Accountants
146 High Street
Billericay
Essex
CM12 9DF

Anthony Hire Limited (Registered number: 04694681)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 22,122 6,986
22,122 6,986

CURRENT ASSETS
Stocks 125,494 138,558
Debtors 6 18,411 16,877
Cash at bank 129,819 188,277
273,724 343,712
CREDITORS
Amounts falling due within one year 7 182,176 233,175
NET CURRENT ASSETS 91,548 110,537
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,670

117,523

CREDITORS
Amounts falling due after more than one
year

8

(40,423

)

(41,667

)

PROVISIONS FOR LIABILITIES (4,203 ) (1,327 )
NET ASSETS 69,044 74,529

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 68,944 74,429
SHAREHOLDERS' FUNDS 69,044 74,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Anthony Hire Limited (Registered number: 04694681)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





A J Barnes - Director


Anthony Hire Limited (Registered number: 04694681)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Anthony Hire 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.

Going concern
After making enquires, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stock consists of formal morning and evening wear together with associated sundry items such as formal shirts and waistcoats which the company holds at the year end for the purposes of future formal dress hire. It is not practical to value these items at their net realisable value as at the year end. A formula has been agreed with HM Revenue & Customs which the directors believe fulfils the requirements of FRS 102 Section 13 with regard to the determination of income through the process of matching costs with related revenue.

The value of stock as at 31 March 2024 has been calculated by adding one half of the opening stock at 1 April 2023 to 16.09% of purchases for the accounting period.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Anthony Hire Limited (Registered number: 04694681)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 160,000
AMORTISATION
At 1 April 2023
and 31 March 2024 160,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Anthony Hire Limited (Registered number: 04694681)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 21,120 19,955 15,063 27,920 84,058
Additions - - 25,495 782 26,277
Disposals - - (15,063 ) - (15,063 )
At 31 March 2024 21,120 19,955 25,495 28,702 95,272
DEPRECIATION
At 1 April 2023 19,066 18,973 13,555 25,478 77,072
Charge for year 513 246 6,374 2,500 9,633
Eliminated on disposal - - (13,555 ) - (13,555 )
At 31 March 2024 19,579 19,219 6,374 27,978 73,150
NET BOOK VALUE
At 31 March 2024 1,541 736 19,121 724 22,122
At 31 March 2023 2,054 982 1,508 2,442 6,986

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 602 -
Social security and other tax 6,477 7,498
Tax 4,163 -
Prepayments 7,169 9,379
18,411 16,877

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,000 20,000
Hire purchase contracts 5,609 -
Trade creditors 57,474 70,469
Tax - 21,564
Social security and other taxes 5,133 -
Other creditors 4,520 4,942
Customer deposits 83,350 100,450
Directors' current accounts - 11,581
Accrued expenses 6,090 4,169
182,176 233,175

Anthony Hire Limited (Registered number: 04694681)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 20,000 20,000
Bank loans - 2-5 years 3,333 21,667
Hire purchase contracts 17,090 -
40,423 41,667