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Company Registration No. 04445888 (England and Wales)
Local Tool Hire Limited Unaudited accounts for the year ended 31 May 2024
Local Tool Hire Limited Unaudited accounts Contents
Page
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Local Tool Hire Limited Company Information for the year ended 31 May 2024
Director
Mr Mohamed Zino Zourdani
Company Number
04445888 (England and Wales)
Registered Office
180 Cricklewood Lane London NW2 2DX
Accountants
Peacock Accountants Ltd 71-75 Shelton Street Covent Garden London England WC2H 9JQ
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Local Tool Hire Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
246,657 
269,706 
Current assets
Inventories
90,000 
107,910 
Debtors
55,588 
73,860 
Cash at bank and in hand
97,163 
46,431 
242,751 
228,201 
Creditors: amounts falling due within one year
(263,976)
(208,622)
Net current (liabilities)/assets
(21,225)
19,579 
Total assets less current liabilities
225,432 
289,285 
Creditors: amounts falling due after more than one year
(84,658)
(148,646)
Net assets
140,774 
140,639 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
139,774 
139,639 
Shareholders' funds
140,774 
140,639 
For the year ending 31 May 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 February 2025 and were signed on its behalf by
Mr Mohamed Zino Zourdani Director Company Registration No. 04445888
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Local Tool Hire Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Local Tool Hire Limited is a private company, limited by shares, registered in England and Wales, registration number 04445888. The registered office is 180 Cricklewood Lane, London, NW2 2DX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures & fittings
15% Reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 June 2023
1,103,389 
164,101 
109,216 
1,228 
1,377,934 
Additions
9,591 
14,995 
1,535 
416 
26,537 
At 31 May 2024
1,112,980 
179,096 
110,751 
1,644 
1,404,471 
Depreciation
At 1 June 2023
895,001 
113,096 
99,726 
405 
1,108,228 
Charge for the year
32,697 
13,689 
2,692 
508 
49,586 
At 31 May 2024
927,698 
126,785 
102,418 
913 
1,157,814 
Net book value
At 31 May 2024
185,282 
52,311 
8,333 
731 
246,657 
At 31 May 2023
208,388 
51,005 
9,490 
823 
269,706 
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Local Tool Hire Limited Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
25,666 
35,042 
Trade debtors
9,078 
17,147 
Accrued income and prepayments
4,250 
4,250 
Other debtors
16,594 
17,421 
55,588 
73,860 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
78,103 
75,640 
Obligations under finance leases and hire purchase contracts
23,434 
12,818 
Trade creditors
58,189 
66,544 
Taxes and social security
10,918 
21,814 
Other creditors
22,615 
- 
Loans from directors
70,717 
31,806 
263,976 
208,622 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
62,500 
112,500 
Obligations under finance leases and hire purchase contracts
22,158 
36,146 
84,658 
148,646 
8
Average number of employees
During the year the average number of employees was 12 (2023: 14).
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