Caseware UK (AP4) 2023.0.135 2023.0.135 truetruefalseNo description of principal activity2023-01-0188The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. NI016772 2023-01-01 2023-12-31 NI016772 2022-01-01 2022-12-31 NI016772 2023-12-31 NI016772 2022-12-31 NI016772 c:Director1 2023-01-01 2023-12-31 NI016772 d:PlantMachinery 2023-01-01 2023-12-31 NI016772 d:PlantMachinery 2023-12-31 NI016772 d:PlantMachinery 2022-12-31 NI016772 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 NI016772 d:MotorVehicles 2023-01-01 2023-12-31 NI016772 d:MotorVehicles 2023-12-31 NI016772 d:MotorVehicles 2022-12-31 NI016772 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 NI016772 d:ComputerEquipment 2023-01-01 2023-12-31 NI016772 d:ComputerEquipment 2023-12-31 NI016772 d:ComputerEquipment 2022-12-31 NI016772 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 NI016772 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 NI016772 d:CurrentFinancialInstruments 2023-12-31 NI016772 d:CurrentFinancialInstruments 2022-12-31 NI016772 d:Non-currentFinancialInstruments 2023-12-31 NI016772 d:Non-currentFinancialInstruments 2022-12-31 NI016772 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 NI016772 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 NI016772 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 NI016772 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 NI016772 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 NI016772 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 NI016772 d:ShareCapital 2023-12-31 NI016772 d:ShareCapital 2022-12-31 NI016772 d:RetainedEarningsAccumulatedLosses 2023-12-31 NI016772 d:RetainedEarningsAccumulatedLosses 2022-12-31 NI016772 c:OrdinaryShareClass1 2023-01-01 2023-12-31 NI016772 c:OrdinaryShareClass1 2023-12-31 NI016772 c:OrdinaryShareClass1 2022-12-31 NI016772 c:FRS102 2023-01-01 2023-12-31 NI016772 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 NI016772 c:FullAccounts 2023-01-01 2023-12-31 NI016772 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI016772 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: NI016772










P.R.O. Hire Centre (Omagh) Limited








Unaudited

Financial statements

For the Year Ended 31 December 2023

 
P.R.O. Hire Centre (Omagh) Limited
Registered number: NI016772

Balance Sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
280,482
348,545

  
280,482
348,545

Current assets
  

Stocks
  
5,727
15,833

Debtors: amounts falling due within one year
 5 
51,604
72,102

Cash at bank and in hand
 6 
4,702
28,838

  
62,033
116,773

Creditors: amounts falling due within one year
 7 
(244,300)
(294,944)

Net current liabilities
  
 
 
(182,267)
 
 
(178,171)

Total assets less current liabilities
  
98,215
170,374

Creditors: amounts falling due after more than one year
 8 
(84,463)
(126,764)

  

Net assets
  
13,752
43,610


Capital and reserves
  

Called up share capital 
 10 
10,100
10,100

Profit and loss account
  
3,652
33,510

  
13,752
43,610


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P.R.O. Hire Centre (Omagh) Limited
Registered number: NI016772

Balance Sheet (continued)
As at 31 December 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 September 2024.




Charles McGinn
Director

The notes on pages 3 to 8 form part of these financial statements.

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P.R.O. Hire Centre (Omagh) Limited
 

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

1.


General information

P.R.O. Hire Centre (Omagh) Limited is a private company limited by shares incorporated in Northern Ireland within the United Kingdom.  The registration number and address of the registered office are given in the Company Information section of these financial statements.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Directors of P.R.O. Hire Centre (Omagh) Limited have reviewed the resources available and believe that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, P.R.O. Hire Centre (Omagh) Limited continues to adopt the going concern basis in preparing the financial statements.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.
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P.R.O. Hire Centre (Omagh) Limited
 

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

2.Accounting policies (continued)


2.3
Turnover (continued)


 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
10%
Reducing Balance
Motor vehicles
-
25%
Reducing Balance
Computer equipment
-
20%
Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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P.R.O. Hire Centre (Omagh) Limited
 

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

2.Accounting policies (continued)

  
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2022 - 8).

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P.R.O. Hire Centre (Omagh) Limited
 

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

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
560,026
134,915
3,400
698,341


Disposals
(60,225)
(37,800)
-
(98,025)



At 31 December 2023

499,801
97,115
3,400
600,316



Depreciation


At 1 January 2023
242,353
106,763
680
349,796


Charge for the year on owned assets
25,745
6,124
680
32,549


Disposals
(28,365)
(34,146)
-
(62,511)



At 31 December 2023

239,733
78,741
1,360
319,834



Net book value



At 31 December 2023
260,068
18,374
2,040
280,482



At 31 December 2022
317,673
28,152
2,720
348,545


5.


Debtors

2023
2022
£
£


Trade debtors
44,930
68,583

Other debtors
-
3,519

Prepayments and accrued income
6,674
-

51,604
72,102



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
4,702
28,838

Less: bank overdrafts
(25)
-

4,677
28,838


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P.R.O. Hire Centre (Omagh) Limited
 

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

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
25
-

Bank loans
5,555
9,183

Other loans
5,000
5,000

Trade creditors
48,514
68,961

Other taxation and social security
56,694
58,925

Obligations under finance lease and hire purchase contracts
56,995
80,755

Other creditors
4,740
-

Accruals and deferred income
66,777
72,120

244,300
294,944



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
31,094
27,460

Other loans
1,250
6,250

Net obligations under finance leases and hire purchase contracts
52,119
93,054

84,463
126,764


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P.R.O. Hire Centre (Omagh) Limited
 

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

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
5,555
9,183

Other loans
5,000
5,000


10,555
14,183

Amounts falling due 1-2 years

Bank loans
31,094
27,460

Other loans
1,250
6,250


32,344
33,710



42,899
47,893


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10,100 (2022 - 10,100) Ordinary shares of £1.00 each
10,100
10,100


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