ANVIL HIRE LIMITED

Company Registration Number:
02796436 (England and Wales)

Unaudited abridged accounts for the year ended 29 April 2024

Period of accounts

Start date: 01 May 2023

End date: 29 April 2024

ANVIL HIRE LIMITED

Contents of the Financial Statements

for the Period Ended 29 April 2024

Balance sheet
Notes

ANVIL HIRE LIMITED

Balance sheet

As at 29 April 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 2,443,316 2,488,202
Total fixed assets: 2,443,316 2,488,202
Current assets
Stocks: 6,044 21,530
Debtors:   2,412,371 2,884,007
Cash at bank and in hand: 12,925 3,542
Total current assets: 2,431,340 2,909,079
Creditors: amounts falling due within one year: 4 (2,139,050) (2,783,443)
Net current assets (liabilities): 292,290 125,636
Total assets less current liabilities: 2,735,606 2,613,838
Creditors: amounts falling due after more than one year: 5 (1,172,200) (640,371)
Provision for liabilities: (359,000) (351,000)
Total net assets (liabilities): 1,204,406 1,622,467
Capital and reserves
Called up share capital: 9,500 9,500
Other reserves: 500 500
Profit and loss account: 1,194,406 1,612,467
Shareholders funds: 1,204,406 1,622,467

The notes form part of these financial statements

ANVIL HIRE LIMITED

Balance sheet statements

For the year ending 29 April 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 January 2025
and signed on behalf of the board by:

Name: Mark Satchwell
Status: Director

The notes form part of these financial statements

ANVIL HIRE LIMITED

Notes to the Financial Statements

for the Period Ended 29 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover consists of the net invoiced value of goods and services supplied in the ordinary course of business net of discounts and excluding Value Added Tax

Tangible fixed assets and depreciation policy

Tangible Fixed Assets are initially recorded at cost and subsequently revalued/impaired where appropriate. Depreciation has been calculated to write off the cost, less residual value, of fixed assets over their estimated useful lives by the straight line method from the date of acquisition at the following annual rates : Motor vehicles 20% ; Plant and machinery 25% to 100% Freehold land and buildings : 25%

ANVIL HIRE LIMITED

Notes to the Financial Statements

for the Period Ended 29 April 2024

2. Employees

2024 2023
Average number of employees during the period 25 25

ANVIL HIRE LIMITED

Notes to the Financial Statements

for the Period Ended 29 April 2024

3. Tangible Assets

Total
Cost £
At 01 May 2023 6,963,111
Additions 861,039
Disposals (1,515,863)
At 29 April 2024 6,308,287
Depreciation
At 01 May 2023 4,474,909
Charge for year 490,227
On disposals (1,100,165)
At 29 April 2024 3,864,971
Net book value
At 29 April 2024 2,443,316
At 30 April 2023 2,488,202

ANVIL HIRE LIMITED

Notes to the Financial Statements

for the Period Ended 29 April 2024

4. Creditors: amounts falling due within one year note

Creditors - amounts falling due within one year include : £526,204 (2023:£440,663) in respect of hire purchase agreements, these amounts are wholly repayable in less than five years and are secured on certain fixed assets of the business. Also included is £10,020 (2023:£10,014) in respect of a COVID Bounce Back Loan

ANVIL HIRE LIMITED

Notes to the Financial Statements

for the Period Ended 29 April 2024

5. Creditors: amounts falling due after more than one year note

Creditors - amounts falling due after more than one year include : £1,158,020 (2023:£616,202 in respect of hire purchase agreements, these amounts are wholly repayable in less than five years. Also included is £14,180 (2023:£24,169) in respect of a COVID Bounce Back Loan.

ANVIL HIRE LIMITED

Notes to the Financial Statements

for the Period Ended 29 April 2024

6. Loans to directors

Any loans made to directors during the year are transferred to the company's ultimate parent company.

ANVIL HIRE LIMITED

Notes to the Financial Statements

for the Period Ended 29 April 2024

7. Related party transactions

During the financial period, the company made sales (including recharges of expenditure) to the following related companies which are fellow subsidiaries J and O Group Limited : Specialist Tube Supplies Limited - £145,733 (2023:£165,066) Specialist Rebar Supplies Limited - £108,490 (2023:£107,045) During the financial period, the company made purchases (including in relation to the recharge of expenditure) from the following related companies which are fellow subsidiaries J and O Group Limited : J and O Group Limited £58,154 (2023:£50,472) Included within debtors are amounts due from the following related companies: Specialist Tube Supplies Limited - £8,473 (2023:£17,516) Chargill Limited - £1,354,863 (2023:£1,129,084)Specialist Rebar Supplies Limited - £1,761 (2023 £3,620)J and O Group Limited - £149,579 (2023:£121,000) Included within creditors are amounts due to the following related companies: Specialist Tube Supplies Limited - £618,866 (2023:£767,966)Specialist Rebar Supplies Limited - £nil (2023:£10,000)J and O Group Limited - £60,131 (2023:£31,977) Chargill Limited - £127,843 (2023:£127,844)