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REGISTERED NUMBER: 07707689 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 30th April 2024

for

SJL Hire Limited

SJL Hire Limited (Registered number: 07707689)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SJL Hire Limited

Company Information
for the Year Ended 30th April 2024







DIRECTORS: Mr S J Large
Mrs C L Large





REGISTERED OFFICE: Elford Cottage
Heath Road
Uttoxeter
Staffordshire
ST14 7LX





REGISTERED NUMBER: 07707689 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
14a Market Place
Uttoxeter
Staffordshire
ST14 8HP

SJL Hire Limited (Registered number: 07707689)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,227 79,247
Investments 5 2 2
66,229 79,249

CURRENT ASSETS
Debtors 6 6,100 24,262
Cash at bank 4,831 12,009
10,931 36,271
CREDITORS
Amounts falling due within one year 7 49,162 72,660
NET CURRENT LIABILITIES (38,231 ) (36,389 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,998

42,860

CREDITORS
Amounts falling due after more than one
year

8

(9,922

)

(20,555

)

PROVISIONS FOR LIABILITIES (12,583 ) (15,057 )
NET ASSETS 5,493 7,248

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 5,491 7,246
SHAREHOLDERS' FUNDS 5,493 7,248

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

SJL Hire Limited (Registered number: 07707689)

Balance Sheet - continued
30th 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th January 2025 and were signed on its behalf by:





Mr S J Large - Director


SJL Hire Limited (Registered number: 07707689)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

SJL Hire 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 (£).


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 and value added tax. Turnover in respect of hire charges is recoginised in the period to which the hire charge relates.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


SJL Hire Limited (Registered number: 07707689)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

2. 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st May 2023 151,571 53,073 2,522 207,166
Additions 10,167 - - 10,167
Disposals (12,843 ) - - (12,843 )
At 30th April 2024 148,895 53,073 2,522 204,490
DEPRECIATION
At 1st May 2023 101,204 24,314 2,401 127,919
Charge for year 14,105 7,191 40 21,336
Eliminated on disposal (10,992 ) - - (10,992 )
At 30th April 2024 104,317 31,505 2,441 138,263
NET BOOK VALUE
At 30th April 2024 44,578 21,568 81 66,227
At 30th April 2023 50,367 28,759 121 79,247


SJL Hire Limited (Registered number: 07707689)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st May 2023
and 30th April 2024 2
NET BOOK VALUE
At 30th April 2024 2
At 30th April 2023 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 6,100 24,262

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 10,630 12,230
Trade creditors 579 581
Taxation and social security 14,859 14,372
Other creditors 23,094 45,477
49,162 72,660

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 9,922 20,555

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 20,552 32,785

Hire purchase contracts are secured by a charge over the assets to which they relate.