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REGISTERED NUMBER: 00793419 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

HELPFUL HIRINGS LIMITED

HELPFUL HIRINGS LIMITED (REGISTERED NUMBER: 00793419)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HELPFUL HIRINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025







DIRECTORS: J Kirkwood
M E Vellacott
M R Noble
J D Potts





REGISTERED OFFICE: Westfield Farm
Thame Road
Towersey
Thame
Oxfordshire
OX9 3QB





REGISTERED NUMBER: 00793419 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

HELPFUL HIRINGS LIMITED (REGISTERED NUMBER: 00793419)

BALANCE SHEET
31ST MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,728,956 12,102,912

CURRENT ASSETS
Stocks 103,461 109,083
Debtors 5 2,909,935 2,536,438
Cash at bank 649,212 617,045
3,662,608 3,262,566
CREDITORS
Amounts falling due within one year 6 2,909,560 3,468,610
NET CURRENT ASSETS/(LIABILITIES) 753,048 (206,044 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,482,004

11,896,868

CREDITORS
Amounts falling due after more than one
year

7

(2,131,913

)

(2,353,984

)

PROVISIONS FOR LIABILITIES (1,954,701 ) (1,831,782 )
NET ASSETS 8,395,390 7,711,102

CAPITAL AND RESERVES
Called up share capital 70 70
Revaluation reserve 1,183,936 1,143,936
Capital redemption reserve 30 30
Retained earnings 7,211,354 6,567,066
SHAREHOLDERS' FUNDS 8,395,390 7,711,102

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

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

HELPFUL HIRINGS LIMITED (REGISTERED NUMBER: 00793419)

BALANCE SHEET - continued
31ST 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 19th June 2025 and were signed on its behalf by:





M E Vellacott - Director


HELPFUL HIRINGS LIMITED (REGISTERED NUMBER: 00793419)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025


1. STATUTORY INFORMATION

Helpful Hirings 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 as modified by the revaluation of certain assets.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods sold and machinery hired in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computers and office equipment - 15% on reducing balance

Depreciation has not been provided in respect of freehold property. The directors consider that the buildings are maintained to such a high standard through ongoing maintenance and repair their residual value is sufficiently high as to make any depreciation charge immaterial.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit and loss. Reversals of impairment losses are also recognised in profit and loss.

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.

HELPFUL HIRINGS LIMITED (REGISTERED NUMBER: 00793419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


2. ACCOUNTING POLICIES - continued

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.

Hire purchase and leasing commitments
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

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.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

Employee benefits
The costs of short term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2024 - 37 ) .

HELPFUL HIRINGS LIMITED (REGISTERED NUMBER: 00793419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1st April 2024 2,365,000 15,548,799 17,913,799
Additions - 2,357,135 2,357,135
Disposals - (2,222,285 ) (2,222,285 )
Revaluations 40,000 - 40,000
At 31st March 2025 2,405,000 15,683,649 18,088,649
DEPRECIATION
At 1st April 2024 - 5,810,887 5,810,887
Charge for year - 1,674,587 1,674,587
Eliminated on disposal - (1,125,781 ) (1,125,781 )
At 31st March 2025 - 6,359,693 6,359,693
NET BOOK VALUE
At 31st March 2025 2,405,000 9,323,956 11,728,956
At 31st March 2024 2,365,000 9,737,912 12,102,912

Cost or valuation at 31st March 2025 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2021 1,379,598 - 1,379,598
Valuation in 2025 40,000 - 40,000
Cost 985,402 15,683,649 16,669,051
2,405,000 15,683,649 18,088,649

Freehold land and buildings were valued on an open market basis on 24th May 2024 by CBRE .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,064,098 898,045
Amounts owed by group undertakings 1,672,102 1,470,642
Other debtors - 10,303
Prepayments and accrued income 173,735 157,448
2,909,935 2,536,438

HELPFUL HIRINGS LIMITED (REGISTERED NUMBER: 00793419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts (see note 8) 1,913,682 2,820,570
Trade creditors 441,628 365,886
Taxation 144,924 -
Social security and other taxes 34,272 29,143
VAT 192,212 113,137
Other creditors 8,343 7,220
Accruals and deferred income 174,499 132,654
2,909,560 3,468,610

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts (see note 8) 2,131,913 2,353,984

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025 2024
£    £   
Net obligations repayable:
Within one year 1,913,682 2,820,570
Between one and five years 2,131,913 2,353,984
4,045,595 5,174,554

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 4,045,595 5,174,554

10. CONTINGENT LIABILITIES

The company has a cross guarantee in respect of the borrowings from Lloyds Bank Plc by VCT Holdings Limited over all the assets of the company which was created on 1st October 2015.

The total value of bank loans and overdrafts in VCT Holdings Limited amounted to £863,333 (2024: £1,003,333). The amount repayable within one year amounted to £140,000 (2024: £140,000) and the amount repayable after one year amounted to £723,333 (2024: £863,333).

HELPFUL HIRINGS LIMITED (REGISTERED NUMBER: 00793419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


11. ULTIMATE CONTROLLING PARTY

The controlling party is VCT Holdings Limited.

The company's ultimate holding company is VCT Holdings Limited. Registered office: Thamesmead Farm, Old Long Crendon Road, Thame, Oxfordshire OX9 3SG.