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REGISTERED NUMBER: 07185911 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

S C HIRE SERVICES LIMITED

S C HIRE SERVICES LIMITED (REGISTERED NUMBER: 07185911)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S C HIRE SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: S A Coates





REGISTERED OFFICE: Fulshaw Head Farm
Pasture Lane
Barrowford
Nelson
Lancashire
BB9 6RA





REGISTERED NUMBER: 07185911 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

S C HIRE SERVICES LIMITED (REGISTERED NUMBER: 07185911)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,862 41,188

CURRENT ASSETS
Stocks 23,170 38,415
Debtors 5 2,548 -
Cash at bank and in hand 38,996 38,783
64,714 77,198
CREDITORS
Amounts falling due within one year 6 29,752 41,305
NET CURRENT ASSETS 34,962 35,893
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,824

77,081

CREDITORS
Amounts falling due after more than one
year

7

(38,552

)

(24,970

)

PROVISIONS FOR LIABILITIES (14,414 ) (7,826 )
NET ASSETS 57,858 44,285

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 57,857 44,284
SHAREHOLDERS' FUNDS 57,858 44,285

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

S C HIRE SERVICES LIMITED (REGISTERED NUMBER: 07185911)

BALANCE SHEET - continued
31ST MARCH 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 6th November 2024 and were signed by:





S A Coates - Director


S C HIRE SERVICES LIMITED (REGISTERED NUMBER: 07185911)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

S C Hire Services 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 represents the net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
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.

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 in 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

S C HIRE SERVICES LIMITED (REGISTERED NUMBER: 07185911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 112,585
Additions 64,963
Disposals (49,500 )
At 31st March 2024 128,048
DEPRECIATION
At 1st April 2023 71,397
Charge for year 14,370
Eliminated on disposal (33,581 )
At 31st March 2024 52,186
NET BOOK VALUE
At 31st March 2024 75,862
At 31st March 2023 41,188

S C HIRE SERVICES LIMITED (REGISTERED NUMBER: 07185911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st April 2023 71,046
Additions 56,188
Disposals (48,500 )
Transfer to ownership (15,800 )
At 31st March 2024 62,934
DEPRECIATION
At 1st April 2023 41,510
Charge for year 7,389
Eliminated on disposal (32,871 )
Transfer to ownership (8,023 )
At 31st March 2024 8,005
NET BOOK VALUE
At 31st March 2024 54,929
At 31st March 2023 29,536

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,992 -
Other debtors 556 -
2,548 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 9,524 9,290
Hire purchase contracts 3,246 21,527
Trade creditors 1,190 1,981
Taxation and social security 14,289 6,184
Other creditors 1,503 2,323
29,752 41,305

S C HIRE SERVICES LIMITED (REGISTERED NUMBER: 07185911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 14,236 23,760
Hire purchase contracts 24,316 1,210
38,552 24,970

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 27,562 22,737

Hire purchase contracts are secured on the assets to which they relate.