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REGISTERED NUMBER: 01905906 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Wirral Hire Limited

Wirral Hire Limited (Registered number: 01905906)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wirral Hire Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr J D Parkes
Ms M A Parkes





SECRETARY: Ms M A Parkes





REGISTERED OFFICE: 4 Victoria Drive
Birkenhead
Merseyside
CH42 1QX





REGISTERED NUMBER: 01905906 (England and Wales)





ACCOUNTANTS: Haines Watts
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ

Wirral Hire Limited (Registered number: 01905906)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £ £ £
FIXED ASSETS
Tangible assets 4 1,762,131 2,183,129

CURRENT ASSETS
Stocks 138,654 243,083
Debtors 5 571,615 622,910
Cash at bank 1,323,387 1,043,972
2,033,656 1,909,965
CREDITORS
Amounts falling due within one year 6 279,872 484,856
NET CURRENT ASSETS 1,753,784 1,425,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,515,915

3,608,238

CAPITAL AND RESERVES
Called up share capital 57,660 57,660
Retained earnings 3,458,255 3,550,578
SHAREHOLDERS' FUNDS 3,515,915 3,608,238

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

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




Mr J D Parkes - Director


Wirral Hire Limited (Registered number: 01905906)

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

1. STATUTORY INFORMATION

Wirral Hire 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.

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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of value added tax.

In respect of long term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long term contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets
Freehold Property -2% on cost
Leasehold Property -1% on cost
Plant for Hire and Office Equipment -25% on cost
Improvement to Property -10% on cost
Motor Vehicles -25% on cost

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.

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.

Wirral Hire Limited (Registered number: 01905906)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2023 - 40 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 November 2023 718,902 10,278,596 10,997,498
Additions - 430,003 430,003
Disposals - (147,149 ) (147,149 )
At 31 October 2024 718,902 10,561,450 11,280,352
DEPRECIATION
At 1 November 2023 186,640 8,627,729 8,814,369
Charge for year 13,437 810,601 824,038
Eliminated on disposal - (120,186 ) (120,186 )
At 31 October 2024 200,077 9,318,144 9,518,221
NET BOOK VALUE
At 31 October 2024 518,825 1,243,306 1,762,131
At 31 October 2023 532,262 1,650,867 2,183,129

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£ £
Trade debtors 494,737 575,536
Other debtors 76,878 47,374
571,615 622,910

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£ £
Trade creditors 163,045 379,760
Taxation and social security 30,146 -
Other creditors 86,681 105,096
279,872 484,856

7. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr J.D. Parkes throughout the current and previous year. Mr J.D. Parkes is the Managing Director and majority shareholder.