REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
WHC HIRE SERVICES HOLDINGS LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
WHC HIRE SERVICES HOLDINGS LTD |
WHC HIRE SERVICES HOLDINGS LTD (REGISTERED NUMBER: 12558520) |
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 |
WHC HIRE SERVICES HOLDINGS LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
BUSINESS ADDRESS: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Chargrove House |
Shurdington Road |
Cheltenham |
Gloucestershire |
GL51 4GA |
WHC HIRE SERVICES HOLDINGS LTD (REGISTERED NUMBER: 12558520) |
BALANCE SHEET |
30 APRIL 2024 |
2024 | 2023 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | (35,077 | ) |
( |
) | ( |
) |
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. |
WHC HIRE SERVICES HOLDINGS LTD (REGISTERED NUMBER: 12558520) |
BALANCE SHEET - continued |
30 APRIL 2024 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
WHC HIRE SERVICES HOLDINGS LTD (REGISTERED NUMBER: 12558520) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
1. | STATUTORY INFORMATION |
Whc Hire Services Holdings Ltd is a |
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. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Investment properties owned are rented to group companies such that they can be treated as freehold properties and not revalued each year in accordance FRS102 Section 1a reporting standards for small companies. |
Financial instruments |
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Going concern |
There are no material uncertainties that may cast significant doubt about the company’s ability to continue as a going concern with the ongoing support of the director. |
WHC HIRE SERVICES HOLDINGS LTD (REGISTERED NUMBER: 12558520) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
2. | ACCOUNTING POLICIES - continued |
Provisions |
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 May 2023 |
and 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
as | restated |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
as | restated |
£ | £ |
Bank loans and overdrafts |
Amounts owed to group undertakings |
VAT | 4,935 | 2,650 |
Accruals and deferred income |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
as | restated |
£ | £ |
Bank loans - 1-2 years |
Bank loans |
WHC HIRE SERVICES HOLDINGS LTD (REGISTERED NUMBER: 12558520) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
2024 | 2023 |
as | restated |
£ | £ |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans | 716,226 | 814,463 |
8. | SECURED DEBTS |
The company has several charges registered at Companies House in relation to assets held in either this company or the subsidiaries: |
Charge - 1255 8520 0004 & 1255 8520 0003 |
Clydesdale bank PLC have a charge over the freehold property at Alexandra Way in Tewkesbury, Bath Road property in Worcester and the land attached to 193 Bath Road in Worcester. The charge contains both fixed and floating charges as well as a negative pledge. |
Charge - 1255 8520 0005 |
Clydesdale bank PLC have a charge over the freehold land an buildings at Station Road Industrial Estate in Chipping Norton. The charge contains both fixed and floating charges as well as a negative pledge. |
Charge - 1255 8520 0001 |
Mitsubishi Hc Capital UK PLC have a debenture in place that contains both fixed and floating charges. The floating charge covers all property or undertaking of the company. This charge also contains a negative pledge. |
Charge - 1255 8520 0002 |
Clydesdale Bank PLC also have a charge that contains both fixed and floating charges. The floating charge covers all the property or undertaking of the company. This charge also contains a negative pledge. |
Charge - 1255 8520 0006 |
Swishfund LTD have a charge over the freehold property at Alexandra Way in Tewkesbury, Bath Road property in Worcester and the land attached to 193 Bath Road in Worcester, and the land and buildings at Station Road Industrial Estate in Chipping Norton. The charge contains a fixed charge as well as a negative pledge. |
Charge - 1255 8520 0007 |
Swishfund LTD have a charge over the freehold property at Alexandra Way in Tewkesbury, Bath Road property in Worcester and the land attached to 193 Bath Road in Worcester, and the land and buildings at Station Road Industrial Estate in Chipping Norton. This charge contains both fixed and floating charges. The floating charge covers all the property or undertaking of the company. This charge also contains a negative pledge. |
WHC HIRE SERVICES HOLDINGS LTD (REGISTERED NUMBER: 12558520) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
9. | RELATED PARTY DISCLOSURES |
WHC Hire Services Limited - subsidiary |
The company owes a balance of £204,903 (2023: £411,066) to the subsidiary company in relation to purchase of properties. |
Cotswold Tool and Plant Hire Limited - subsidiary |
The company also owes a balance of £662,998 (2023: £662,998l) to the subsidiary company in relation to the purchase of a property. |