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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
Page
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WEMBLEY HIRE LIMITED Company Information for the year ended 31 December 2023
Director
MUHAMMAD HAMID
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
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WEMBLEY HIRE LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
109,266 
108,965 
Current assets
Debtors
113,109 
72,587 
Cash at bank and in hand
289,060 
69,850 
402,169 
142,437 
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)
Net assets
174,261 
55,072 
Capital and reserves
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
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WEMBLEY HIRE LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
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.
Presentation currency
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
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.
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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 
Depreciation
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 
Net book value
At 31 December 2023
104,776 
2,616 
1,874 
109,266 
At 31 December 2022
105,478 
3,487 
- 
108,965 
5
Debtors
2023 
2022 
£ 
£ 
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 
- 
VAT
146,360 
86,165 
Trade creditors
10,071 
22,768 
Taxes and social security
51,222 
16,499 
Other creditors
61,788 
27,459 
Accruals
33,000 
- 
308,714 
152,891 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
28,460 
43,439 
The above bank loans are not secured toward the asset of the business and are repayable on demand.
8
Loans to directors
Included in Debtors loan to director is £31,846 (2022:15,451) which is interest free, unsecured and will be repayable on demand.
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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).
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