13 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 04661205 2023-10-01 2024-09-30 04661205 2024-09-30 04661205 2023-09-30 04661205 2022-10-01 2023-09-30 04661205 2023-09-30 04661205 2022-09-30 04661205 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 04661205 bus:Director3 2023-10-01 2024-09-30 04661205 core:LandBuildings 2023-09-30 04661205 core:FurnitureFittings 2023-09-30 04661205 core:MotorVehicles 2023-09-30 04661205 core:LandBuildings 2024-09-30 04661205 core:FurnitureFittings 2024-09-30 04661205 core:MotorVehicles 2024-09-30 04661205 core:LandBuildings 2023-10-01 2024-09-30 04661205 core:FurnitureFittings 2023-10-01 2024-09-30 04661205 core:MotorVehicles 2023-10-01 2024-09-30 04661205 core:WithinOneYear 2024-09-30 04661205 core:WithinOneYear 2023-09-30 04661205 core:ShareCapital 2024-09-30 04661205 core:ShareCapital 2023-09-30 04661205 core:RetainedEarningsAccumulatedLosses 2024-09-30 04661205 core:RetainedEarningsAccumulatedLosses 2023-09-30 04661205 core:BetweenOneFiveYears 2024-09-30 04661205 core:BetweenOneFiveYears 2023-09-30 04661205 core:MoreThanFiveYears 2024-09-30 04661205 core:MoreThanFiveYears 2023-09-30 04661205 core:LandBuildings 2023-09-30 04661205 core:FurnitureFittings 2023-09-30 04661205 core:MotorVehicles 2023-09-30 04661205 bus:SmallEntities 2023-10-01 2024-09-30 04661205 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04661205 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04661205 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04661205 bus:FullAccounts 2023-10-01 2024-09-30 04661205 bus:OrdinaryShareClass1 2024-09-30 04661205 bus:OrdinaryShareClass1 2023-09-30 04661205 core:LandBuildings core:LongLeaseholdAssets 2023-10-01 2024-09-30 04661205 core:ComputerEquipment 2023-09-30 04661205 core:ComputerEquipment 2023-10-01 2024-09-30 04661205 core:ComputerEquipment 2024-09-30
COMPANY REGISTRATION NUMBER: 04661205
Henfield Hire Limited
Unaudited financial statements
30 September 2024
Henfield Hire Limited
Statement of financial position
30 September 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
426,283
488,959
Current assets
Debtors
6
9,022,605
8,948,314
Cash at bank and in hand
680,533
884,602
-----------
-----------
9,703,138
9,832,916
Creditors: Amounts falling due within one year
7
( 8,336,686)
( 8,262,142)
-----------
-----------
Net current assets
1,366,452
1,570,774
-----------
-----------
Total assets less current liabilities
1,792,735
2,059,733
Provisions
Taxation including deferred tax
( 64,139)
( 96,112)
Accruals and deferred income
( 1,243,902)
( 1,403,658)
-----------
-----------
Net assets
484,694
559,963
-----------
-----------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
484,594
559,863
---------
---------
Shareholders funds
484,694
559,963
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Henfield Hire Limited
Statement of financial position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 26 February 2025 , and are signed on behalf of the board by:
Mr A C D Crossley
Director
Company registration number: 04661205
Henfield Hire Limited
Notes to the financial statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bankside 300, Peachman Way, Broadland Business Park, Norwich, Norfolk, NR7 0LB. The trading address is Nightingale Road Industrial Estate, Nightingale Road, Horsham, West Sussex, RH12 2NW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the leasing of vehicles and self storage units is recognised over the period of the lease contract.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property
-
Over the period of the lease
Fixtures and fittings
-
Over the period of the lease
Motor vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Depreciation of £nil is charged on Freehold property, as the directors considers that the net realisable value is in excess of cost.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of employees during the year was 13 (2023: 12 ).
5. Tangible assets
Leasehold Property
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 October 2023
98,534
683,021
512,977
235,507
1,530,039
Additions
17,898
4,744
22,642
-------
---------
---------
---------
-----------
At 30 September 2024
98,534
700,919
512,977
240,251
1,552,681
-------
---------
---------
---------
-----------
Depreciation
At 1 October 2023
49,165
497,105
301,130
193,680
1,041,080
Charge for the year
4,512
23,159
46,618
11,029
85,318
-------
---------
---------
---------
-----------
At 30 September 2024
53,677
520,264
347,748
204,709
1,126,398
-------
---------
---------
---------
-----------
Carrying amount
At 30 September 2024
44,857
180,655
165,229
35,542
426,283
-------
---------
---------
---------
-----------
At 30 September 2023
49,369
185,916
211,847
41,827
488,959
-------
---------
---------
---------
-----------
6. Debtors
2024
2023
£
£
Trade debtors
64,156
68,328
Amounts owed by group undertakings
2,925,494
2,616,142
Prepayments and accrued income
369,341
356,645
Other debtors
5,663,614
5,907,199
-----------
-----------
9,022,605
8,948,314
-----------
-----------
7. Creditors: Amounts falling due within one year
2024
2023
£
£
Trade creditors
195,715
175,191
Social security and other taxes
125,817
262,855
Other creditors
8,015,154
7,824,096
-----------
-----------
8,336,686
8,262,142
-----------
-----------
Included within Other creditors are amounts due in respect of hire purchase liabilities of £nil (2023: £5,444). Obligations under hire purchase contracts are secured over the assets concerned.
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
381,750
381,750
Later than 1 year and not later than 5 years
1,527,000
1,527,000
Later than 5 years
2,861,669
3,244,465
-----------
-----------
4,770,419
5,153,215
-----------
-----------