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REGISTERED NUMBER: 05268803 (England and Wales)















HIRE FITNESS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






HIRE FITNESS LIMITED (REGISTERED NUMBER: 05268803)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HIRE FITNESS LIMITED

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTOR: Mr P Healey





REGISTERED OFFICE: Ashley House
97 London Road
Slough
Berkshire
SL3 7RS





REGISTERED NUMBER: 05268803 (England and Wales)





ACCOUNTANTS: Quantum Accountancy
Chartered Certified Accountants
Ashley House
97 London Road
Slough
Berkshire
SL3 7RS

HIRE FITNESS LIMITED (REGISTERED NUMBER: 05268803)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 33,050 69,680
Tangible assets 5 398,406 392,324
431,456 462,004

CURRENT ASSETS
Stocks 135,304 171,724
Debtors 6 192,368 108,833
Cash at bank and in hand 251,619 153,508
579,291 434,065
CREDITORS
Amounts falling due within one year 7 326,679 269,088
NET CURRENT ASSETS 252,612 164,977
TOTAL ASSETS LESS CURRENT
LIABILITIES

684,068

626,981

CREDITORS
Amounts falling due after more than one year 8 (180,898 ) (191,269 )

PROVISIONS FOR LIABILITIES (75,581 ) (47,466 )
NET ASSETS 427,589 388,246

CAPITAL AND RESERVES
Called up share capital 745 700
Capital redemption reserve 300 300
Retained earnings 426,544 387,246
SHAREHOLDERS' FUNDS 427,589 388,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

HIRE FITNESS LIMITED (REGISTERED NUMBER: 05268803)

BALANCE SHEET - continued
30 June 2024


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 6 September 2024 and were signed by:





Mr P Healey - Director


HIRE FITNESS LIMITED (REGISTERED NUMBER: 05268803)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Hire Fitness 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 2008, is being amortised evenly over its estimated useful life of one 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 and 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.

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 15 (2023 - 14 ) .

HIRE FITNESS LIMITED (REGISTERED NUMBER: 05268803)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 183,150
AMORTISATION
At 1 July 2023 113,470
Charge for year 36,630
At 30 June 2024 150,100
NET BOOK VALUE
At 30 June 2024 33,050
At 30 June 2023 69,680

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 859,383
Additions 207,673
Disposals (90,853 )
At 30 June 2024 976,203
DEPRECIATION
At 1 July 2023 467,059
Charge for year 166,727
Eliminated on disposal (55,989 )
At 30 June 2024 577,797
NET BOOK VALUE
At 30 June 2024 398,406
At 30 June 2023 392,324

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,219 59,197
Other debtors 165,149 49,636
192,368 108,833

HIRE FITNESS LIMITED (REGISTERED NUMBER: 05268803)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 17,659 -
Trade creditors 37,491 51,807
Taxation and social security 108,464 64,057
Other creditors 163,065 153,224
326,679 269,088

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 49,846 18,919
Other creditors 131,052 172,350
180,898 191,269

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 3,255 28,411

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P Healey.