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Registration number: 13500628

Hireit-Today Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Hireit-Today Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Hireit-Today Ltd

(Registration number: 13500628)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

16,701

16,701

Current assets

 

Debtors

5

1

1

Creditors: Amounts falling due within one year

6

(17,751)

(17,301)

Net current liabilities

 

(17,750)

(17,300)

Net liabilities

 

(1,049)

(599)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(1,050)

(600)

Shareholders' deficit

 

(1,049)

(599)

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 April 2025
 

.........................................
S R Baggs
Director

 

Hireit-Today Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Whitbourne Farm
Corsley
Warminster
Wiltshire
BA12 7QJ
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Hireit-Today Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 August 2023

16,701

16,701

At 31 July 2024

16,701

16,701

Amortisation

Net book value

At 31 July 2024

16,701

16,701

At 31 July 2023

16,701

16,701

 

Hireit-Today Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

5

Debtors

2024
£

2023
£

Other debtors

1

1

1

1

6

Creditors

Amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

450

600

Other creditors

17,301

16,701

17,751

17,301

7

Related party transactions


During the year the company was provided services by a company in which the director is also the sole director and majority shareholder. The amount involved totalled £600 (2023: £16,701). The balance outstanding at the year end was £17,301 (2023: £16,701).