Registered number
09026546
SAP-HIRE XP Ltd
Unaudited Filleted Accounts
5 April 2025
SAP-HIRE XP Ltd
Registered number: 09026546
Balance Sheet
as at 5 April 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,260 184
Current assets
Debtors 4 432,759 311,238
Cash at bank and in hand 94,279 76,409
527,038 387,647
Creditors: amounts falling due within one year 5 (427,810) (327,172)
Net current assets 99,228 60,475
Total assets less current liabilities 100,488 60,659
Provisions for liabilities (315) (46)
Net assets 100,173 60,613
Capital and reserves
Called up share capital 1 1
Profit and loss account 100,172 60,612
Shareholders' funds 100,173 60,613
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S. Saubrement
Director
Approved by the board on 1 July 2025
SAP-HIRE XP Ltd
Notes to the Accounts
for the year ended 5 April 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 6 April 2024 3,487
Additions 1,752
At 5 April 2025 5,239
Depreciation
At 6 April 2024 3,303
Charge for the year 676
At 5 April 2025 3,979
Net book value
At 5 April 2025 1,260
At 5 April 2024 184
4 Debtors 2025 2024
£ £
Trade debtors 430,770 308,786
Other debtors 1,989 2,452
432,759 311,238
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 362,266 268,708
Taxation and social security costs 65,544 58,208
Other creditors - 256
427,810 327,172
6 Other information
SAP-HIRE XP Ltd is a private company limited by shares and incorporated in England. Its registered office is:
39 Bell Street (First Floor)
Reigate
Sureey
RH2 7AQ
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