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REGISTERED NUMBER: SC218147 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 March 2025

for

EXECUTIVE HIRE LTD.

EXECUTIVE HIRE LTD. (REGISTERED NUMBER: SC218147)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EXECUTIVE HIRE LTD.

Company Information
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Miss A Bryson
R Hood





REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC218147 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

EXECUTIVE HIRE LTD. (REGISTERED NUMBER: SC218147)

Balance Sheet
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,528,992 1,236,777

CURRENT ASSETS
Debtors 5 108,328 89,371
Cash at bank 51,192 66,492
159,520 155,863
CREDITORS
Amounts falling due within one year 6 441,875 563,982
NET CURRENT LIABILITIES (282,355 ) (408,119 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,246,637

828,658

CREDITORS
Amounts falling due after more than one
year

7

(652,939

)

(378,195

)

PROVISIONS FOR LIABILITIES (229,158 ) (196,844 )
NET ASSETS 364,540 253,619

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 364,438 253,517
SHAREHOLDERS' FUNDS 364,540 253,619

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

EXECUTIVE HIRE LTD. (REGISTERED NUMBER: SC218147)

Balance Sheet - continued
31 MARCH 2025


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 8 July 2025 and were signed on its behalf by:





R Hood - Director


EXECUTIVE HIRE LTD. (REGISTERED NUMBER: SC218147)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Executive Hire Ltd. is a private company, limited by shares , registered in Scotland. 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 - 20% on a straight line basis

Motor vehicles are written off over their expected useful lives based on the category of vehicle at between
10% and 25% per annum on a reducing balance basis.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 12 ) .

EXECUTIVE HIRE LTD. (REGISTERED NUMBER: SC218147)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 300,000 1,391,988 1,691,988
Additions - 369,906 369,906
Disposals - (22,800 ) (22,800 )
At 31 March 2025 300,000 1,739,094 2,039,094
DEPRECIATION
At 1 April 2024 18,000 437,211 455,211
Charge for year 6,000 49,678 55,678
Eliminated on disposal - (787 ) (787 )
At 31 March 2025 24,000 486,102 510,102
NET BOOK VALUE
At 31 March 2025 276,000 1,252,992 1,528,992
At 31 March 2024 282,000 954,777 1,236,777


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 97,286 71,242
Other debtors 11,042 18,129
108,328 89,371

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 22,355 22,355
Hire purchase contracts 204,760 293,023
Trade creditors 38,503 115,953
Taxation and social security 6,896 28,679
Other creditors 169,361 103,972
441,875 563,982

EXECUTIVE HIRE LTD. (REGISTERED NUMBER: SC218147)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Bank loans 16,797 35,421
Hire purchase contracts 538,226 202,298
Other creditors 97,916 140,476
652,939 378,195

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loan 11,369 24,625

The loan is secured over the assets of the company.