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REGISTERED NUMBER: 04726702 (England and Wales)















DP TOOL HIRE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






DP TOOL HIRE LIMITED (REGISTERED NUMBER: 04726702)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DP TOOL HIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr P Hill
Mr S Hill





REGISTERED OFFICE: 35 Kingsway
Kirkby in Ashfield
Nottinghamshire
NG17 7DR





REGISTERED NUMBER: 04726702 (England and Wales)





ACCOUNTANTS: Killicks Limited
35/37 Kingsway
Kirkby in Ashfield
Nottinghamshire
NG17 7DR

DP TOOL HIRE LIMITED (REGISTERED NUMBER: 04726702)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,571 10,063
7,571 10,063

CURRENT ASSETS
Stocks 4,000 3,000
Debtors 6 10,663 7,958
Cash at bank and in hand 11,132 10,481
25,795 21,439
CREDITORS
Amounts falling due within one year 7 12,163 12,428
NET CURRENT ASSETS 13,632 9,011
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,203

19,074

PROVISIONS FOR LIABILITIES 1,450 1,900
NET ASSETS 19,753 17,174

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 19,751 17,172
SHAREHOLDERS' FUNDS 19,753 17,174

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

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

DP TOOL HIRE LIMITED (REGISTERED NUMBER: 04726702)

BALANCE SHEET - continued
31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:





Mr P Hill - Director


DP TOOL HIRE LIMITED (REGISTERED NUMBER: 04726702)

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

1. STATUTORY INFORMATION

DP Tool 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, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, was amortised evenly over five years and now has a net book value of nil.

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 etc - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

DP TOOL HIRE LIMITED (REGISTERED NUMBER: 04726702)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 19,000
AMORTISATION
At 1 April 2023
and 31 March 2024 19,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machiner
etc
£   
COST
At 1 April 2023
and 31 March 2024 48,772
DEPRECIATION
At 1 April 2023 38,709
Charge for year 2,492
At 31 March 2024 41,201
NET BOOK VALUE
At 31 March 2024 7,571
At 31 March 2023 10,063

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,663 7,958

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,014 -
Taxation and social security 5,529 3,166
Other creditors 4,620 9,262
12,163 12,428

DP TOOL HIRE LIMITED (REGISTERED NUMBER: 04726702)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company trades from premises owned by Mr P. Hill, jointly, with his wife. The amount charged during the year was £7,200 (2023: £7,200).

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,000 (2023 - £2,000) were paid to the directors .