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Registered Number: 13145075
England and Wales

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 31 January 2024

for

LOADBANK 4 HIRE LIMITED

 
 

 
2024
£
  2023
£
Turnover 169,927    79,904 
Other income 15,481    21,434 
Cost of raw materials and consumables (7,392)   (15,567)
Staff costs (18,587)   (14,802)
Depreciations and other amounts written off assets (15,881)   (17,791)
Other charges (34,847)   (22,077)
Tax (7,892)  
Profit/Loss for the financial year 100,809    31,101 
 
1
 
 
 
£
2024
£
   
£
2023
£
Fixed assets 72,516  78,897 
Current assets 23,837  2,885 
Creditors: amount falling due within one year (23,319) (109,557)
Net current assets/(liabilities) 518  (106,672)
Total assets less current liabilities 73,034  (27,775)
Net assets/(liabilities) 73,034  (27,775)
 
Capital and reserves 73,034  (27,775)
 
  1. For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Shaun Paul Hymes
Director

Date approved: 31 January 2025
2
Statutory Information
LOADBANK 4 HIRE LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 13145075, registration address Claypit Gatehouse Low Street, Carlton, Goole, DN14 9PR, England.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2.

Tangible fixed assets

Cost or Valuation Plant and machinery   Motor vehicles   Computer equipment   Total
  £   £   £   £
At 01 February 2023 78,054    38,340    2,207    118,601 
Additions   9,500      9,500 
At 31 January 2024 78,054    47,840    2,207    128,101 
Depreciation
At 01 February 2023 28,099    10,639    966    39,704 
Charge for year 9,991    5,580    310    15,881 
At 31 January 2024 38,090    16,219    1,276    55,585 
Net book values
Closing balance as at 31 January 2024 39,964    31,621    931    72,516 
Opening balance as at 01 February 2023 49,955    27,701    1,241    78,897 

3.

Average number of employees

Average number of employees during the year were 2  (2023: 1).
3
 
 
 
£
2024
£
   
£
2023
£
Turnover
Sales 169,927  79,904 
169,927  79,904 
Cost of sales
Purchases 3,687  2,335 
Plant hire 7,328 
Freight & haulage 5,904 
Other direct costs 3,705 
(7,392) (15,567)
Gross Profit 162,535  64,337 
Administrative expenses
Directors' salaries 9,096  12,802 
Wages and salaries 9,096 
Pension contributions 2,000 
Other staff costs 395 
Rent 5,850 
Use of home as office 312 
Depreciation of plant & machinery 9,991  12,489 
Depreciation of motor vehicles 5,580  4,888 
Depreciation of computer equipment 310  414 
Legal and professional fees (allowable) 4,503  1,064 
Legal and professional fees (disallowed) 787 
Accountancy fee 500  1,079 
Vehicle fuel 5,119  2,532 
Vehicle license & insurance 320  290 
Motor repairs and servicing 224  775 
Travel & subsistence 943 
Bank charges 84  43 
Insurance 7,893  7,422 
Office expenses 137  308 
Subscriptions 20 
Uniform expense 490 
Accommodation 581 
Tools and equipments 1,231  28 
Machine hire 11,376 
Repairs & renewals 260  500 
Stationery & postage 41 
Telephone & internet 1,117  1,027 
Sundry expenses 62 
(69,315) (54,670)
Other operating income
Other operating income (taxable) 21,434 
Other operating income (not-taxable) 15,481 
15,481  21,434 
Operating Profit/Loss 108,701  31,101 
 
Profit/Loss on ordinary activities before taxation 108,701  31,101 
Tax on profit on ordinary activities
UK corporation tax 7,892 
(7,892)
Profit/Loss for the financial year 100,809  31,101 
 
4