Company Registration No. 09911343 (England and Wales)
WEMBLEY HIRE LIMITED
Unaudited accounts
for the year ended 31 December 2023
WEMBLEY HIRE LIMITED
Unaudited accounts
Contents
WEMBLEY HIRE LIMITED
Company Information
for the year ended 31 December 2023
Company Number
09911343 (England and Wales)
Registered Office
112 WEMBLEY PARK DRIVE
WEMBLEY
MIDDLESEX
HA9 8HS
UNITED KINGDOM
Accountants
UBC( Accountants & Tax Consultants) FFA FIPA CIPFA(AFFIL)
112 Wembley Park Drive
Wembley
Middlesex
HA9 8HS
WEMBLEY HIRE LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
109,266
108,965
Cash at bank and in hand
289,060
69,850
Creditors: amounts falling due within one year
(308,714)
(152,891)
Net current assets/(liabilities)
93,455
(10,454)
Total assets less current liabilities
202,721
98,511
Creditors: amounts falling due after more than one year
(28,460)
(43,439)
Called up share capital
100
100
Profit and loss account
174,161
54,972
Shareholders' funds
174,261
55,072
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 May 2024 and were signed on its behalf by
MUHAMMAD HAMID
Director
Company Registration No. 09911343
WEMBLEY HIRE LIMITED
Notes to the Accounts
for the year ended 31 December 2023
WEMBLEY HIRE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09911343. The registered office is 112 WEMBLEY PARK DRIVE, WEMBLEY, MIDDLESEX, HA9 8HS, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
15% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
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 into 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.
WEMBLEY HIRE LIMITED
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
124,093
6,200
-
130,293
Additions
27,200
-
2,499
29,699
Disposals
(12,000)
-
-
(12,000)
At 31 December 2023
139,293
6,200
2,499
147,992
At 1 January 2023
18,615
2,713
-
21,328
Charge for the year
17,702
871
625
19,198
On disposals
(1,800)
-
-
(1,800)
At 31 December 2023
34,517
3,584
625
38,726
At 31 December 2023
104,776
2,616
1,874
109,266
At 31 December 2022
105,478
3,487
-
108,965
Amounts falling due within one year
Other debtors
113,109
72,587
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,273
-
Trade creditors
10,071
22,768
Taxes and social security
51,222
16,499
Other creditors
61,788
27,459
7
Creditors: amounts falling due after more than one year
2023
2022
The above bank loans are not secured toward the asset of the business and are repayable on demand.
Included in Debtors loan to director is £31,846 (2022:15,451) which is interest free, unsecured and will be repayable on demand.
WEMBLEY HIRE LIMITED
Notes to the Accounts
for the year ended 31 December 2023
9
Transactions with related parties
At the year end, Blue Eyes UK Enterprises owed Dr £8,000 (2022: Cr £8,000) to Wembley Hire Ltd a company with common director.
At the year end, London Private Hire Ltd owed £Dr 25,000 (2022: Nil) to Wembley Hire Limited a company with common director.
At the year end, the company owed Nil (2022: Cr £2,000) to London PCO Ltd a company with common director.
At the year end, Wembley Hire Ltd owed £Cr 55,000 (2022: Dr £7,000) to Uk Hire Limited a company with common director.
10
Post balance sheet events
The directors confirm that there have been no material events, or changes in circumstances, occurring between the balance sheet date and the date of approval of the financial statements that would require adjustment to, or disclosure in, the financial statements.
11
Average number of employees
During the year the average number of employees was 26 (2022: 19).