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REGISTERED NUMBER: 11611766 (England and Wales)















Howard Hills Van Hire Ltd

Unaudited Financial Statements for the Year Ended 31 October 2023






Howard Hills Van Hire Ltd (Registered number: 11611766)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Howard Hills Van Hire Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: A Hills





REGISTERED OFFICE: 120 Symons Avenue
Chatham
Kent
ME4 5TT





REGISTERED NUMBER: 11611766 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Howard Hills Van Hire Ltd (Registered number: 11611766)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,952 1,202

CURRENT ASSETS
Inventories 28,960 8,600
Debtors 5 3,789 3,701
Cash at bank 1,169 3,196
33,918 15,497
CREDITORS
Amounts falling due within one year 6 24,101 11,074
NET CURRENT ASSETS 9,817 4,423
TOTAL ASSETS LESS CURRENT LIABILITIES 32,769 5,625

PROVISIONS FOR LIABILITIES 4,361 229
NET ASSETS 28,408 5,396

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 28,308 5,296
SHAREHOLDERS' FUNDS 28,408 5,396

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Howard Hills Van Hire Ltd (Registered number: 11611766)

Statement of Financial Position - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2024 and were signed by:





A Hills - Director


Howard Hills Van Hire Ltd (Registered number: 11611766)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Howard Hills Van Hire Ltd 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.

Income recognition
Turnover represents invoiced hire charges and vehicle sales and is recognised when the company becomes entitled to it, usually on the rendering of an invoice..

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 etc - 25% on reducing balance and 25% on cost

Inventories
Inventories are measured at the lower of cost and estimated selling price.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable which are measured at fair value, with changes recognised in profit or loss.

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.

Howard Hills Van Hire Ltd (Registered number: 11611766)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 4,073
Additions 29,400
At 31 October 2023 33,473
DEPRECIATION
At 1 November 2022 2,871
Charge for year 7,650
At 31 October 2023 10,521
NET BOOK VALUE
At 31 October 2023 22,952
At 31 October 2022 1,202

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,789 3,701

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 9,797 5,534
Other creditors 14,304 5,540
24,101 11,074

7. LEASING AGREEMENTS
The company had total commitment under non cancellable operating leases at the balance sheet date of £.28,282

Howard Hills Van Hire Ltd (Registered number: 11611766)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
A Hills
Balance outstanding at start of year - 2,352
Amounts repaid - (2,352 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -