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Registration number: 05097136

Economy Hire Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Economy Hire Limited

Contents

Company Information

1

Accountants' Report

2

Profit and Loss Account

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

4

 

Economy Hire Limited

Company Information

Directors

Mr Austin James Scott Barnes

Mr John Scott Barnes

Company secretary

Mr Austin James Scott Barnes

Registered office

Marine House
Norman Terrace
Willington Quay
Wallsend
Tyne And Wear
NE28 6SU

Accountants

Torgersens Limited
4 Lansdowne Terrace
Gosforth
Newcastle Upon Tyne
NE3 1HN

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Economy Hire Limited
for the Year Ended 30 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Economy Hire Limited for the year ended 30 April 2024 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Economy Hire Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Economy Hire Limited and state those matters that we have agreed to state to the Board of Directors of Economy Hire Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Economy Hire Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Economy Hire Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Economy Hire Limited. You consider that Economy Hire Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Economy Hire Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Torgersens Limited
4 Lansdowne Terrace
Gosforth
Newcastle Upon Tyne
NE3 1HN

7 November 2024

 

Economy Hire Limited

Profit and Loss Account for the Year Ended 30 April 2024

2024
£

2023
£

Turnover

13,432

18,169

Depreciation and other amounts written off assets

(4,129)

(3,445)

Other charges

(15,283)

(12,463)

(Loss)/profit for the year

(5,980)

2,261

 

Economy Hire Limited

(Registration number: 05097136)
Balance Sheet as at 30 April 2024

2024
£

2023
£

Fixed assets

12,387

16,516

Current assets

102,768

117,865

Prepayments and accrued income

264

377

Creditors: Amounts falling due within one year

(39,201)

(44,453)

Net current assets

63,831

73,789

Total assets less current liabilities

76,218

90,305

Creditors: Amounts falling due after more than one year

(4,419)

(8,466)

Accruals and deferred income

(780)

(990)

 

71,019

80,849

Capital and reserves

71,019

80,849

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Marine House
Norman Terrace
Willington Quay
Wallsend
Tyne And Wear
NE28 6SU

These financial statements were authorised for issue by the Board on 7 November 2024.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Economy Hire Limited

(Registration number: 05097136)
Balance Sheet as at 30 April 2024

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 7 November 2024 and signed on its behalf by:
 

.........................................
Mr Austin James Scott Barnes
Company secretary and director

.........................................
Mr John Scott Barnes
Director