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REGISTERED NUMBER: 09670892 (England and Wales)













Financial Statements

for the Year Ended 31 December 2023

for

Stage One Hire Limited

Stage One Hire Limited (Registered number: 09670892)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Stage One Hire Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M K Harrison
M N Johnson



SECRETARY: E A Johnson



REGISTERED OFFICE: Hangar 88
Marston Business Park
Tockwith
York
YO26 7QF



REGISTERED NUMBER: 09670892 (England and Wales)



SENIOR STATUTORY AUDITOR: Phillipa Symington ACA CA(SA)



AUDITORS: Clive Owen LLP
Chartered Accountants
& Statutory Auditors
Oak Tree House, Harwood Road
Northminster Business Park
Upper Poppleton
York
YO26 6QU

Stage One Hire Limited (Registered number: 09670892)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,549 30,507

CURRENT ASSETS
Debtors 5 31,921 942
Cash at bank 218,924 74,841
250,845 75,783
CREDITORS
Amounts falling due within one year 6 124,178 15,987
NET CURRENT ASSETS 126,667 59,796
TOTAL ASSETS LESS CURRENT
LIABILITIES

232,216

90,303

PROVISIONS FOR LIABILITIES 7 20,054 -
NET ASSETS 212,162 90,303

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 212,160 90,301
SHAREHOLDERS' FUNDS 212,162 90,303

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





M N Johnson - Director


Stage One Hire Limited (Registered number: 09670892)

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

1. STATUTORY INFORMATION

Stage One 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Income recognition
Income is recognised when the conditions contained within a contract for services have been met.

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 - 20% on cost
Computer equipment - 25% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Stage One Hire Limited (Registered number: 09670892)

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023 53,240 2,672 55,912
Additions 89,438 - 89,438
At 31 December 2023 142,678 2,672 145,350
DEPRECIATION
At 1 January 2023 23,958 1,447 25,405
Charge for year 13,728 668 14,396
At 31 December 2023 37,686 2,115 39,801
NET BOOK VALUE
At 31 December 2023 104,992 557 105,549
At 31 December 2022 29,282 1,225 30,507

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT 17,167 942
Prepayments and accrued income 14,754 -
31,921 942

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 79,735 -
Amounts owed to group undertakings 20,878 4,861
Taxation and social security 20,565 7,302
Other creditors - 2,324
Accruals and deferred income 3,000 1,500
124,178 15,987

Stage One Hire Limited (Registered number: 09670892)

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

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 20,054 -

Deferred
tax
£   
Provided during year 20,054
Balance at 31 December 2023 20,054

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Phillipa Symington ACA CA(SA) (Senior Statutory Auditor)
for and on behalf of Clive Owen LLP

10. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements 54,699 -

11. ULTIMATE PARENT COMPANY

The ultimate parent company is Stage One Group Limited, a private company, limited by shares, registered in England and Wales. The company's registered office is Hangar 88, Marston Business Park, Tockwith, YO26 7QF.

ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mark Johnson by virtue of his control of Stage One Group Limited.