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REGISTERED NUMBER: 06914103 (England and Wales)





















REDROCK HIRE CENTRES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






REDROCK HIRE CENTRES LTD (REGISTERED NUMBER: 06914103)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


REDROCK HIRE CENTRES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: P E Redding





REGISTERED OFFICE: Unit 8
Mere Farm Business Complex
Red House Lane, Hannington
Northampton
NN6 9FP





REGISTERED NUMBER: 06914103 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

REDROCK HIRE CENTRES LTD (REGISTERED NUMBER: 06914103)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,813,376 1,453,293

CURRENT ASSETS
Debtors 5 142,153 227,469
Cash at bank 238,216 160,985
380,369 388,454
CREDITORS
Amounts falling due within one year 6 603,938 521,247
NET CURRENT LIABILITIES (223,569 ) (132,793 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,589,807 1,320,500

CREDITORS
Amounts falling due after more than one
year

7

(600,844

)

(393,196

)

PROVISIONS FOR LIABILITIES (152,696 ) (128,402 )
NET ASSETS 836,267 798,902

CAPITAL AND RESERVES
Called up share capital 10 82,471 82,471
Share premium 132,614 132,614
Retained earnings 621,182 583,817
SHAREHOLDERS' FUNDS 836,267 798,902

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 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.

REDROCK HIRE CENTRES LTD (REGISTERED NUMBER: 06914103)

BALANCE SHEET - continued
30 APRIL 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 January 2025 and were signed by:





P E Redding - Director


REDROCK HIRE CENTRES LTD (REGISTERED NUMBER: 06914103)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Redrock Hire Centres Ltd 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 (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 5% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on 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 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.

REDROCK HIRE CENTRES LTD (REGISTERED NUMBER: 06914103)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 2,073,473 37,680 6,951 2,118,104
Additions 393,262 121,166 - 514,428
Disposals - (57,416 ) - (57,416 )
At 30 April 2024 2,466,735 101,430 6,951 2,575,116
DEPRECIATION
At 1 May 2023 637,483 22,537 4,791 664,811
Charge for year 91,474 4,916 539 96,929
At 30 April 2024 728,957 27,453 5,330 761,740
NET BOOK VALUE
At 30 April 2024 1,737,778 73,977 1,621 1,813,376
At 30 April 2023 1,435,990 15,143 2,160 1,453,293

REDROCK HIRE CENTRES LTD (REGISTERED NUMBER: 06914103)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 286,524 37,680 324,204
Additions 125,217 121,166 246,383
Disposals - (57,416 ) (57,416 )
Transfer to ownership (96,197 ) - (96,197 )
At 30 April 2024 315,544 101,430 416,974
DEPRECIATION
At 1 May 2023 75,190 22,537 97,727
Charge for year 12,844 4,916 17,760
Transfer to ownership (16,522 ) - (16,522 )
At 30 April 2024 71,512 27,453 98,965
NET BOOK VALUE
At 30 April 2024 244,032 73,977 318,009
At 30 April 2023 211,334 15,143 226,477

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 124,638 183,241
Other debtors 17,515 44,228
142,153 227,469

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 361,727 358,793
Hire purchase contracts and finance leases (see note 8)
85,291

64,857
Trade creditors 83,662 48,782
Taxation and social security 3,792 36,985
Other creditors 69,466 11,830
603,938 521,247

REDROCK HIRE CENTRES LTD (REGISTERED NUMBER: 06914103)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 469,458 345,101
Hire purchase contracts and finance leases (see note 8)
131,386

48,095
600,844 393,196

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
2024 2023 2024 2023
£    £    £    £   
Net obligations repayable:
Within one year 43,392 55,130 41,899 9,727
Between one and five years 62,126 47,297 69,260 798
105,518 102,427 111,159 10,525

Non-cancellable operating leases
2024 2023
£    £   
Within one year - 7,046
Between one and five years - 11,743
- 18,789

All lease commitments are secured by personal guarantees given by the director.

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 831,185 703,894

Bank loans of £703,894 (2022 - £636,821) are secured over the personal assets of the director.

REDROCK HIRE CENTRES LTD (REGISTERED NUMBER: 06914103)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
82,471 Share capital 1 £1 82,471 82,471

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
P E Redding
Balance outstanding at start of year - 85,828
Amounts repaid - (85,828 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P E Redding.