Company Registration No. 07090680 (England and Wales)
J.E.G Hire Limited
Unaudited accounts
for the year ended 30 September 2024
J.E.G Hire Limited
Unaudited accounts
Contents
J.E.G Hire Limited
Company Information
for the year ended 30 September 2024
Directors
J.E.G Plant Limited
John Edward Greenwood
Charlotte Bradley
Secretary
Charlotte Elizabeth Bradley
Company Number
07090680 (England and Wales)
Registered Office
Roundabout Farm
Spital Road
Staxton
Scarborough
YO12 4NW
England
Accountants
Wright Pottage Limited
Europa House
20 Esplanade
Scarborough
North Yorkshire
YO11 2AQ
J.E.G Hire Limited
Statement of financial position
as at 30 September 2024
Tangible assets
26,646,863
27,942,603
Debtors
6,319,726
6,101,416
Investments
11,519,581
6,857,379
Cash at bank and in hand
491,674
2,697,065
Creditors: amounts falling due within one year
(16,554,576)
(15,135,467)
Net current assets
1,776,405
520,393
Total assets less current liabilities
28,423,268
28,462,996
Creditors: amounts falling due after more than one year
(2,257,400)
(2,762,452)
Provisions for liabilities
Deferred tax
(3,896,260)
(3,753,570)
Net assets
22,269,608
21,946,974
Called up share capital
100
100
Profit and loss account
22,269,508
21,946,874
Shareholders' funds
22,269,608
21,946,974
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2025 and were signed on its behalf by
John Edward Greenwood
Director
Company Registration No. 07090680
J.E.G Hire Limited
Notes to the Accounts
for the year ended 30 September 2024
J.E.G Hire Limited is a private company, limited by shares, registered in England and Wales, registration number 07090680. The registered office is Roundabout Farm, Spital Road, Staxton, Scarborough, YO12 4NW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
4% on cost
Plant & machinery
10% on reducing balance
Motor vehicles
20% on reducing balance
Fixtures & fittings
25% on cost
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
J.E.G Hire Limited
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2023
213,712
50,652,154
199,755
6,312
51,071,933
Additions
-
1,753,875
54,446
-
1,808,321
Disposals
-
(202,505)
(18,305)
-
(220,810)
At 30 September 2024
213,712
52,203,524
235,896
6,312
52,659,444
At 1 October 2023
19,896
23,051,430
51,692
6,312
23,129,330
Charge for the year
4,274
2,930,389
37,321
-
2,971,984
On disposals
-
(86,333)
(2,400)
-
(88,733)
At 30 September 2024
24,170
25,895,486
86,613
6,312
26,012,581
At 30 September 2024
189,542
26,308,038
149,283
-
26,646,863
At 30 September 2023
193,816
27,600,724
148,063
-
27,942,603
Amounts falling due within one year
Trade debtors
73,518
73,518
Amounts due from group undertakings etc.
4,650,593
4,422,248
Accrued income and prepayments
5,650
5,650
Other debtors
1,396,036
1,600,000
6
Investments held as current assets
2024
2023
Listed investments
11,519,581
6,857,379
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,028,063
1,911,436
Amounts owed to group undertakings and other participating interests
14,505,454
12,385,810
Taxes and social security
(240,866)
804,452
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
2,257,400
2,762,452
J.E.G Hire Limited
Notes to the Accounts
for the year ended 30 September 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).