IRIS Accounts Production v24.3.2.46 05896794 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058967942023-12-31058967942024-12-31058967942024-01-012024-12-31058967942022-12-31058967942023-01-012023-12-31058967942023-12-3105896794ns15:EnglandWales2024-01-012024-12-3105896794ns14:PoundSterling2024-01-012024-12-3105896794ns10:Director12024-01-012024-12-3105896794ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3105896794ns10:SmallEntities2024-01-012024-12-3105896794ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3105896794ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3105896794ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3105896794ns10:FullAccounts2024-01-012024-12-3105896794ns10:OrdinaryShareClass12024-01-012024-12-3105896794ns10:OrdinaryShareClass22024-01-012024-12-3105896794ns10:Director22024-01-012024-12-3105896794ns10:CompanySecretary12024-01-012024-12-3105896794ns10:RegisteredOffice2024-01-012024-12-3105896794ns5:CurrentFinancialInstruments2024-12-3105896794ns5:CurrentFinancialInstruments2023-12-3105896794ns5:ShareCapital2024-12-3105896794ns5:ShareCapital2023-12-3105896794ns5:RetainedEarningsAccumulatedLosses2024-12-3105896794ns5:RetainedEarningsAccumulatedLosses2023-12-3105896794ns5:PlantMachinery2023-12-3105896794ns5:PlantMachinery2024-01-012024-12-3105896794ns5:PlantMachinery2024-12-3105896794ns5:PlantMachinery2023-12-3105896794ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3105896794ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3105896794ns5:CurrentFinancialInstruments2024-01-012024-12-3105896794ns10:OrdinaryShareClass12024-12-3105896794ns10:OrdinaryShareClass22024-12-31
REGISTERED NUMBER: 05896794 (England and Wales)















ROWHIRE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






ROWHIRE LIMITED (REGISTERED NUMBER: 05896794)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


ROWHIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: C J Fry
A C Fry





SECRETARY: L Fry





REGISTERED OFFICE: Insignia House
Vale Road Ind. Estate
Spilsby
Lincolnshire
PE23 5HE





REGISTERED NUMBER: 05896794 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

ROWHIRE LIMITED (REGISTERED NUMBER: 05896794)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 147,833 194,397

CURRENT ASSETS
Debtors 5 607,746 410,253
Cash at bank 76,254 228,971
684,000 639,224
CREDITORS
Amounts falling due within one year 6 53,072 69,469
NET CURRENT ASSETS 630,928 569,755
TOTAL ASSETS LESS CURRENT LIABILITIES 778,761 764,152

PROVISIONS FOR LIABILITIES 36,958 48,599
NET ASSETS 741,803 715,553

CAPITAL AND RESERVES
Called up share capital 7 585,200 585,200
Retained earnings 156,603 130,353
SHAREHOLDERS' FUNDS 741,803 715,553

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.

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 26 March 2025 and were signed on its behalf by:





C J Fry - Director


ROWHIRE LIMITED (REGISTERED NUMBER: 05896794)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Rowhire Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
When the outcome of a transaction can be estimated reliably, turnover from renting gym equipment is recognised by reference to the stage of completion at the statement of financial position. Stage of completion is measured by reference to receipt of monies from renting equipment.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Interest received is recorded as it is received from the bank for interest on monies kept in accounts.

Tangible fixed assets
Tangible fixed assets are held at cost less depreciation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Gym equipment - pro scheme-over the length of the agreement
Gym equipment - other-Nil
Fixtures and fittings-25% on cost
Plant and machinery-20% on cost


Gym equipment is regularly serviced and maintained to high standards. In the opinion of the director, this ensures that the value of an individual item of gym equipment never falls below the original cost of purchasing the asset. Consequently no depreciation is charged. Where an asset is to be disposed of under a Pro Scheme contract, the asset is written down over the length of the agreement, either 11, 15 or 18 months.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

ROWHIRE LIMITED (REGISTERED NUMBER: 05896794)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

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 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 371,075
Additions 50,585
Disposals (120,295 )
Reclassification/transfer 674
At 31 December 2024 302,039
DEPRECIATION
At 1 January 2024 176,678
Charge for year 70,680
Eliminated on disposal (93,152 )
At 31 December 2024 154,206
NET BOOK VALUE
At 31 December 2024 147,833
At 31 December 2023 194,397

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,082 7,614
Amounts owed by group undertakings 600,000 400,000
Other debtors 2,664 2,639
607,746 410,253

Amounts owed by group undertakings are unsecured, interest free and repayable on demand.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 968 3,199
Taxation and social security 30,697 45,755
Other creditors 21,407 20,515
53,072 69,469

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

ROWHIRE LIMITED (REGISTERED NUMBER: 05896794)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
585,100 Ordinary A 1 585,100 585,100
100 Ordinary B 1 100 100
585,200 585,200