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REGISTERED NUMBER: 06604102 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Hub Hire Limited

Hub Hire Limited (Registered number: 06604102)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Hub Hire Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J P Rake
P P Redmond





REGISTERED OFFICE: 18 Bedford Drive
Sutton Coldfield
West Midlands
B75 6AU





REGISTERED NUMBER: 06604102 (England and Wales)






Hub Hire Limited (Registered number: 06604102)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,332 33,603

CURRENT ASSETS
Debtors 5 8,057 12,086
Cash at bank 24,790 19,631
32,847 31,717
CREDITORS
Amounts falling due within one year 6 17,564 14,376
NET CURRENT ASSETS 15,283 17,341
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,615

50,944

CREDITORS
Amounts falling due after more than one
year

7

(4,000

)

(6,400

)

PROVISIONS FOR LIABILITIES 8 (5,539 ) (6,385 )
NET ASSETS 51,076 38,159

CAPITAL AND RESERVES
Called up share capital 9 120 120
Retained earnings 50,956 38,039
SHAREHOLDERS' FUNDS 51,076 38,159

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.

Hub Hire Limited (Registered number: 06604102)

Statement of Financial Position - 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 10 September 2024 and were signed on its behalf by:




P P Redmond - Director



J P Rake - Director


Hub Hire Limited (Registered number: 06604102)

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

1. STATUTORY INFORMATION

Hub 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Hub Hire Limited (Registered number: 06604102)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023 130,040
Additions 19,729
At 31 March 2024 149,769
DEPRECIATION
At 1 April 2023 96,437
Charge for year 8,000
At 31 March 2024 104,437
NET BOOK VALUE
At 31 March 2024 45,332
At 31 March 2023 33,603

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 8,057 12,086

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 2,400 2,400
Taxation and social security 8,931 8,070
Other creditors 6,233 3,906
17,564 14,376

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 4,000 6,400

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 5,539 6,385

Hub Hire Limited (Registered number: 06604102)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 6,385
Provided during year (846 )
Balance at 31 March 2024 5,539

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
120 Ordinary £1 120 120

10. RELATED PARTY DISCLOSURES

Debtors (including non interest bearing loans) as at 31st March 2024 include due from The Hub Engineering Co. Limited £8,057 (2023 - £12,086).

Hub Hire Limited and The Hub Engineering Co. Limited share common directors and shareholders.

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.