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REGISTERED NUMBER: 07762777 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BEVERLEY TOOL HIRE LTD

BEVERLEY TOOL HIRE LTD (REGISTERED NUMBER: 07762777)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEVERLEY TOOL HIRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: P D Goodwin
Mrs L M Goodwin





REGISTERED OFFICE: 33-35 Exchange Street
Driffield
East Yorkshire
YO25 6LL





REGISTERED NUMBER: 07762777 (England and Wales)





ACCOUNTANTS: Jackson Robson Licence Limited
33-35 Exchange Street
Driffield
East Yorkshire
YO25 6LL

BEVERLEY TOOL HIRE LTD (REGISTERED NUMBER: 07762777)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,515 72,872

CURRENT ASSETS
Stocks 4,850 5,150
Debtors 5 28,383 28,060
Cash at bank and in hand 14,606 7,460
47,839 40,670
CREDITORS
Amounts falling due within one year 6 54,844 33,971
NET CURRENT (LIABILITIES)/ASSETS (7,005 ) 6,699
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,510

79,571

CREDITORS
Amounts falling due after more than one
year

7

(14,496

)

(21,489

)

PROVISIONS FOR LIABILITIES (13,777 ) (13,846 )
NET ASSETS 37,237 44,236

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 37,227 44,226
SHAREHOLDERS' FUNDS 37,237 44,236

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

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

BEVERLEY TOOL HIRE LTD (REGISTERED NUMBER: 07762777)

BALANCE SHEET - continued
30 SEPTEMBER 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 14 February 2025 and were signed on its behalf by:




P D Goodwin - Director



Mrs L M Goodwin - Director


BEVERLEY TOOL HIRE LTD (REGISTERED NUMBER: 07762777)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Beverley Tool Hire Ltd 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.

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 represents the net invoiced sales of goods and hire charges, excluding value added tax.

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 - 15% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

BEVERLEY TOOL HIRE LTD (REGISTERED NUMBER: 07762777)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 173,279 12,563 1,502 187,344
Additions 638 14,800 - 15,438
Disposals - (5,050 ) - (5,050 )
At 30 September 2024 173,917 22,313 1,502 197,732
DEPRECIATION
At 1 October 2023 104,292 9,468 712 114,472
Charge for year 10,444 3,165 118 13,727
Eliminated on disposal - (2,982 ) - (2,982 )
At 30 September 2024 114,736 9,651 830 125,217
NET BOOK VALUE
At 30 September 2024 59,181 12,662 672 72,515
At 30 September 2023 68,987 3,095 790 72,872

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,189 30,335
Provision for bad debts (1,320 ) (2,736 )
Prepayments 514 461
28,383 28,060

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,791 1,338
Tax 4,900 6,138
Social security and other taxes 457 3,718
VAT 8,536 10,179
Directors' current accounts 32,278 8,867
Accrued expenses 3,882 3,731
54,844 33,971

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loan 14,496 21,489

8. ULTIMATE CONTROLLING PARTY

The directors each own one half of the ordinary shares in issue and there is no ultimate controlling party of the reporting entity.