IRIS Accounts Production v24.2.0.383 07687773 Board of Directors 30.4.22 29.4.23 29.4.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076877732022-04-29076877732023-04-29076877732022-04-302023-04-29076877732021-04-29076877732021-04-302022-04-29076877732022-04-2907687773ns15:EnglandWales2022-04-302023-04-2907687773ns14:PoundSterling2022-04-302023-04-2907687773ns10:Director12022-04-302023-04-2907687773ns10:PrivateLimitedCompanyLtd2022-04-302023-04-2907687773ns10:SmallEntities2022-04-302023-04-2907687773ns10:AuditExempt-NoAccountantsReport2022-04-302023-04-2907687773ns10:SmallCompaniesRegimeForDirectorsReport2022-04-302023-04-2907687773ns10:SmallCompaniesRegimeForAccounts2022-04-302023-04-2907687773ns10:FullAccounts2022-04-302023-04-2907687773ns10:Director22022-04-302023-04-2907687773ns10:RegisteredOffice2022-04-302023-04-2907687773ns5:CurrentFinancialInstruments2023-04-2907687773ns5:CurrentFinancialInstruments2022-04-2907687773ns5:Non-currentFinancialInstruments2023-04-2907687773ns5:Non-currentFinancialInstruments2022-04-2907687773ns5:ShareCapital2023-04-2907687773ns5:ShareCapital2022-04-2907687773ns5:RetainedEarningsAccumulatedLosses2023-04-2907687773ns5:RetainedEarningsAccumulatedLosses2022-04-2907687773ns5:PlantMachinery2022-04-302023-04-2907687773ns5:FurnitureFittings2022-04-302023-04-2907687773ns5:MotorVehicles2022-04-302023-04-2907687773ns5:PlantMachinery2022-04-2907687773ns5:FurnitureFittings2022-04-2907687773ns5:MotorVehicles2022-04-2907687773ns5:PlantMachinery2023-04-2907687773ns5:FurnitureFittings2023-04-2907687773ns5:MotorVehicles2023-04-2907687773ns5:PlantMachinery2022-04-2907687773ns5:FurnitureFittings2022-04-2907687773ns5:MotorVehicles2022-04-2907687773ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-2907687773ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-2907687773ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-04-2907687773ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-04-2907687773ns5:Secured2023-04-2907687773ns5:Secured2022-04-2907687773ns5:DeferredTaxation2022-04-2907687773ns5:DeferredTaxation2022-04-302023-04-2907687773ns5:DeferredTaxation2023-04-29
REGISTERED NUMBER: 07687773 (England and Wales)



















ABEE HIRE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 APRIL 2023






ABEE HIRE LIMITED (REGISTERED NUMBER: 07687773)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


ABEE HIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 APRIL 2023







DIRECTORS: A Hager
E Hager





REGISTERED OFFICE: 9 Arkleigh Mansions
194-200 Brent Street
London
NW4 1JB





REGISTERED NUMBER: 07687773 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS

ABEE HIRE LIMITED (REGISTERED NUMBER: 07687773)

BALANCE SHEET
29 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 100,964 124,993

CURRENT ASSETS
Stocks 6 115,000 530,000
Debtors 7 1,611,343 1,943,156
Cash at bank 38,853 30,824
1,765,196 2,503,980
CREDITORS
Amounts falling due within one year 8 962,538 1,678,065
NET CURRENT ASSETS 802,658 825,915
TOTAL ASSETS LESS CURRENT
LIABILITIES

903,622

950,908

CREDITORS
Amounts falling due after more than one
year

9

(30,524

)

(35,724

)

PROVISIONS FOR LIABILITIES 11 (19,183 ) (23,749 )
NET ASSETS 853,915 891,435

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 853,914 891,434
853,915 891,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 2023 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.

ABEE HIRE LIMITED (REGISTERED NUMBER: 07687773)

BALANCE SHEET - continued
29 APRIL 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





A Hager - Director


ABEE HIRE LIMITED (REGISTERED NUMBER: 07687773)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2023

1. STATUTORY INFORMATION

Abee 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 9 ) .

ABEE HIRE LIMITED (REGISTERED NUMBER: 07687773)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 APRIL 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 30 April 2022 165,000 38,685 5,000 208,685
Impairments - - (5,000 ) (5,000 )
At 29 April 2023 165,000 38,685 - 203,685
DEPRECIATION
At 30 April 2022 59,400 19,292 5,000 83,692
Charge for year 21,120 2,909 - 24,029
Impairments - - (5,000 ) (5,000 )
At 29 April 2023 80,520 22,201 - 102,721
NET BOOK VALUE
At 29 April 2023 84,480 16,484 - 100,964
At 29 April 2022 105,600 19,393 - 124,993

6. STOCKS
2023 2022
£    £   
Work in progress 115,000 530,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,611,343 1,943,156

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,200 5,216
Trade creditors 839,245 1,571,909
Taxation and social security 97,185 92,587
Other creditors 20,908 8,353
962,538 1,678,065

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 30,524 14,860
Other creditors - 20,864
30,524 35,724

ABEE HIRE LIMITED (REGISTERED NUMBER: 07687773)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 APRIL 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Debentures more 5yr non-instal - 20,864

Repayable by instalments
Bank loans more than 5 years by
instalments

9,724

14,860

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 35,724 20,076

The bank loan is secured by a fixed and floating charge over the undertaking and all property and assets.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 19,183 23,749

Deferred
tax
£   
Balance at 30 April 2022 23,749
Credit to Profit and Loss Account during year (4,566 )
Balance at 29 April 2023 19,183

The provision for deferred tax is in respect of accelerated capital allowances.