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REGISTERED NUMBER: 12795281 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Allen Hire Ltd

Allen Hire Ltd (Registered number: 12795281)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Allen Hire Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: W Burgess
J T Carruth
R Paterson
E Paterson
G Carruth





REGISTERED OFFICE: 3 Kingfisher Court
Bowesfield Park
Stockton On Tees
United Kingdom
TS18 3EX





REGISTERED NUMBER: 12795281 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Allen Hire Ltd (Registered number: 12795281)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,587 15,174
Tangible assets 5 656,147 515,542
663,734 530,716

CURRENT ASSETS
Stocks 3,612 7,452
Debtors 6 267,365 342,754
Cash at bank 44,310 52,303
315,287 402,509
CREDITORS
Amounts falling due within one year 7 235,132 297,185
NET CURRENT ASSETS 80,155 105,324
TOTAL ASSETS LESS CURRENT
LIABILITIES

743,889

636,040

CREDITORS
Amounts falling due after more than one
year

8

(650,823

)

(658,218

)

PROVISIONS FOR LIABILITIES (18,695 ) -
NET ASSETS/(LIABILITIES) 74,371 (22,178 )

CAPITAL AND RESERVES
Called up share capital 10 5 5
Retained earnings 74,366 (22,183 )
SHAREHOLDERS' FUNDS 74,371 (22,178 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Allen Hire Ltd (Registered number: 12795281)

Balance Sheet - continued
31 December 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 25 March 2025 and were signed on its behalf by:





G Carruth - Director


Allen Hire Ltd (Registered number: 12795281)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Allen 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.

The financial statements have been prepared on a going concern basis. The directors are confident that current and future sources of funding and their support is more than adequate to cover company needs.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is recognised at the end of an agreed hire period and invoiced in that month.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - Straight line over 8 years
Fixtures and fittings - 25% on cost
Motor vehicles - Straight line over 8 years

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.

Allen Hire Ltd (Registered number: 12795281)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 37,934
AMORTISATION
At 1 January 2024 22,760
Charge for year 7,587
At 31 December 2024 30,347
NET BOOK VALUE
At 31 December 2024 7,587
At 31 December 2023 15,174

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 635,731 26,286 30,610 692,627
Additions 230,487 5,500 36,000 271,987
Disposals (76,766 ) - - (76,766 )
At 31 December 2024 789,452 31,786 66,610 887,848
DEPRECIATION
At 1 January 2024 150,452 17,644 8,989 177,085
Charge for year 58,321 7,258 5,677 71,256
Eliminated on disposal (16,640 ) - - (16,640 )
At 31 December 2024 192,133 24,902 14,666 231,701
NET BOOK VALUE
At 31 December 2024 597,319 6,884 51,944 656,147
At 31 December 2023 485,279 8,642 21,621 515,542

Allen Hire Ltd (Registered number: 12795281)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 261,759 336,181
Prepayments and accrued income 5,606 6,573
267,365 342,754

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 21,207 20,632
Hire purchase contracts 22,562 19,635
Trade creditors 174,668 213,182
Social security and other taxes 10,260 30,470
Other creditors 4,096 3,316
Accrued expenses 2,339 9,950
235,132 297,185

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans 616,068 647,173
Hire purchase contracts 34,755 11,045
650,823 658,218

Amounts falling due in more than five years:

Repayable by instalments
Other loans 616,068 647,173

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 57,317 30,680

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5 Ordinary 1 5 5

Allen Hire Ltd (Registered number: 12795281)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

11. OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £17,333 (2023 - £33,333) relating to amounts payable under operating leases.