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REGISTERED NUMBER: 06608296 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024

FOR

R G HIRE LTD

R G HIRE LTD (REGISTERED NUMBER: 06608296)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R G HIRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: Mr R. Gareth Hughes
Miss K. Owen





SECRETARY: Mr R. Gareth Hughes





REGISTERED OFFICE: Bryn Y Gwynt
Caergeiliog
Holyhead
Anglesey
LL65 3EX





REGISTERED NUMBER: 06608296 (England and Wales)





ACCOUNTANTS: Richard Williams & Co
Chartered Accountants
The Old Police Station
Gaerwen
Anglesey
LL60 6BL

R G HIRE LTD (REGISTERED NUMBER: 06608296)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,089,899 1,005,108
1,089,899 1,005,108

CURRENT ASSETS
Stocks 10,228 27,396
Debtors 6 29,385 679
Cash at bank 132,251 34,943
171,864 63,018
CREDITORS
Amounts falling due within one year 7 174,725 225,851
NET CURRENT LIABILITIES (2,861 ) (162,833 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,087,038

842,275

CREDITORS
Amounts falling due after more than one
year

8

(199,562

)

(98,213

)

PROVISIONS FOR LIABILITIES (25,659 ) (25,659 )
NET ASSETS 861,817 718,403

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 861,717 718,303
861,817 718,403

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

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

R G HIRE LTD (REGISTERED NUMBER: 06608296)

BALANCE SHEET - continued
30TH JUNE 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 26th March 2025 and were signed on its behalf by:





Mr R. Gareth Hughes - Director


R G HIRE LTD (REGISTERED NUMBER: 06608296)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

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

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 etc - 15% on reducing balance and 10% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

R G HIRE LTD (REGISTERED NUMBER: 06608296)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2023
and 30th June 2024 9,500
AMORTISATION
At 1st July 2023
and 30th June 2024 9,500
NET BOOK VALUE
At 30th June 2024 -
At 30th June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2023 1,343,550
Additions 213,400
Disposals (88,850 )
At 30th June 2024 1,468,100
DEPRECIATION
At 1st July 2023 338,442
Charge for year 33,703
Eliminated on disposal 6,056
At 30th June 2024 378,201
NET BOOK VALUE
At 30th June 2024 1,089,899
At 30th June 2023 1,005,108

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,385 679

R G HIRE LTD (REGISTERED NUMBER: 06608296)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,872 37,781
Hire purchase contracts 75,147 102,736
Trade creditors 25,177 20,627
Taxation and social security 5,518 17,647
Other creditors 40,011 47,060
174,725 225,851

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 199,562 98,213