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REGISTERED NUMBER: 04700923 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Rawstone Hire Limited

Rawstone Hire Limited (Registered number: 04700923)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rawstone Hire Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs C G Pring
Miss H Pring





SECRETARY: Mrs C G Pring





REGISTERED OFFICE: Ivy Mill Lane
Godstone
Surrey
RH9 8NS





REGISTERED NUMBER: 04700923 (England and Wales)





ACCOUNTANTS: Xeinadin
Cabourn House
Station Street
Bingham
Nottinghamshire
NG13 8AQ

Rawstone Hire Limited (Registered number: 04700923)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,055,963 2,272,781
2,055,963 2,272,781

CURRENT ASSETS
Stocks 47,600 48,345
Debtors 6 177,069 380,184
Cash at bank and in hand 148 140
224,817 428,669
CREDITORS
Amounts falling due within one year 7 943,658 1,181,001
NET CURRENT LIABILITIES (718,841 ) (752,332 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,337,122

1,520,449

CREDITORS
Amounts falling due after more than one year 8 (543,941 ) (603,491 )

PROVISIONS FOR LIABILITIES (421,279 ) (414,749 )
NET ASSETS 371,902 502,209

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 351,902 482,209
SHAREHOLDERS' FUNDS 371,902 502,209

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

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

Rawstone Hire Limited (Registered number: 04700923)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by:





Mrs C G Pring - Director


Rawstone Hire Limited (Registered number: 04700923)

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

1. STATUTORY INFORMATION

Rawstone 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.

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 2006, is being amortised evenly over its estimated useful life of ten 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 etc - 33% on cost, 33% on reducing balance, 25% on reducing balance, 20% on cost, 20% on reducing balance and 15% on reducing balance

Tangible fixed assets are initially recognised at cost which is the purchase price plus any directly attributable costs. Subsequently, tangible fixed assets are measured at cost less accumulated depreciation and impairment losses.

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 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.


Rawstone Hire Limited (Registered number: 04700923)

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

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 13 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 5,000
AMORTISATION
At 1 January 2023
and 31 December 2023 5,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

Rawstone Hire Limited (Registered number: 04700923)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 4,691,266
Additions 465,584
Disposals (561,120 )
At 31 December 2023 4,595,730
DEPRECIATION
At 1 January 2023 2,418,485
Charge for year 508,169
Eliminated on disposal (386,887 )
At 31 December 2023 2,539,767
NET BOOK VALUE
At 31 December 2023 2,055,963
At 31 December 2022 2,272,781

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 160,446 242,766
Other debtors 16,623 137,418
177,069 380,184

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 219,149 202,434
Hire purchase contracts 503,761 534,127
Trade creditors 101,795 257,911
Taxation and social security 90,032 148,712
Other creditors 28,921 37,817
943,658 1,181,001

Rawstone Hire Limited (Registered number: 04700923)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 54,855 138,689
Hire purchase contracts 460,462 432,987
Other creditors 28,624 31,815
543,941 603,491

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 964,223 967,114

Obligations under hire purchase contracts are secured on the assets to which they relate.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.23 31.12.22
£    £   
Mrs C G Pring
Balance outstanding at start of year 22,884 -
Amounts advanced - 47,884
Amounts repaid (22,884 ) (25,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 22,884

The loan is interest free and repayable on demand. The loan was repaid on 27 January 2023.