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REGISTERED NUMBER: 09543398 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 April 2024

for

FRYER HIRE CONSTRUCTION LIMITED

FRYER HIRE CONSTRUCTION LIMITED (REGISTERED NUMBER: 09543398)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRYER HIRE CONSTRUCTION LIMITED

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: M F Fry
Mrs L Fry





REGISTERED OFFICE: 3 Southernhay West
Exeter
EX1 1JG





REGISTERED NUMBER: 09543398 (England and Wales)





ACCOUNTANTS: Haines Watts
3 Southernhay West
Exeter
Devon
EX1 1JG

FRYER HIRE CONSTRUCTION LIMITED (REGISTERED NUMBER: 09543398)

Balance Sheet
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 1,260,630 893,928
1,260,630 893,928

CURRENT ASSETS
Stocks 70,586 19,862
Debtors 7 265,258 315,490
Cash at bank - 90
335,844 335,442
CREDITORS
Amounts falling due within one year 8 (792,717 ) (1,018,683 )
NET CURRENT LIABILITIES (456,873 ) (683,241 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

803,757

210,687

CREDITORS
Amounts falling due after more than one
year

9

(635,535

)

(52,177

)

PROVISIONS FOR LIABILITIES (308,275 ) (67,210 )
NET (LIABILITIES)/ASSETS (140,053 ) 91,300

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (140,153 ) 91,200
(140,053 ) 91,300

FRYER HIRE CONSTRUCTION LIMITED (REGISTERED NUMBER: 09543398)

Balance Sheet - continued
30 APRIL 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2024 and were signed on its behalf by:




M F Fry - Director



Mrs L Fry - Director


FRYER HIRE CONSTRUCTION LIMITED (REGISTERED NUMBER: 09543398)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Fryer Hire Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The principal place of business is: Westhaven, Westcombe, Somerton, Somerset, TA11 6HZ.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts chargeable in respect of the sale of services to customers falling within the company's ordinary activities.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, has been amortised evenly over its estimated useful life of five years.

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 - 15% -33% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 15% -33% on reducing balance

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.


FRYER HIRE CONSTRUCTION LIMITED (REGISTERED NUMBER: 09543398)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. ACCOUNTING POLICIES - continued
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.

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.

Hire purchase and leasing commitments
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Going concern
The company relies on the continued support of the directors. The directors have expressed their
willingness to continue their support of the company for the foreseeable future and therefore the
directors believe that it is appropriate to prepare the financial statements on the going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 21 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 20,000
AMORTISATION
At 1 May 2023
and 30 April 2024 20,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

FRYER HIRE CONSTRUCTION LIMITED (REGISTERED NUMBER: 09543398)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 1,278,498 2,575 221,272 3,299 1,505,644
Additions 709,852 - - 1,391 711,243
Disposals (317,271 ) - (1,805 ) - (319,076 )
At 30 April 2024 1,671,079 2,575 219,467 4,690 1,897,811
DEPRECIATION
At 1 May 2023 469,097 588 140,760 1,271 611,716
Charge for year 163,992 397 15,741 461 180,591
Eliminated on disposal (155,126 ) - - - (155,126 )
At 30 April 2024 477,963 985 156,501 1,732 637,181
NET BOOK VALUE
At 30 April 2024 1,193,116 1,590 62,966 2,958 1,260,630
At 30 April 2023 809,401 1,987 80,512 2,028 893,928

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 264,241 241,939
Directors' loan accounts - 73,271
Prepayments 1,017 280
265,258 315,490

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 121,115 35,203
Other loans - 7,132
Hire purchase contracts 299,557 507,338
Trade creditors 101,658 129,062
Tax 3,568 34,514
Social security and other taxes 151,566 148,274
Pension Creditor 3,015 1,063
VAT 57,227 49,667
Other creditors 34,782 101,407
Directors' loan accounts 15,465 -
Accrued expenses 4,764 5,023
792,717 1,018,683

FRYER HIRE CONSTRUCTION LIMITED (REGISTERED NUMBER: 09543398)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 11,304 40,694
Bank loans - 2-5 years - 11,483
Hire purchase contracts 624,231 -
635,535 52,177

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 923,788 507,338

Hire purchase assets are secured against the assets in which they relate.