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REGISTERED NUMBER: 01157250 (England and Wales)















Kabin Hire Limited

Unaudited Financial Statements for the Year Ended 31st January 2025






Kabin Hire Limited (Registered number: 01157250)






Contents of the Financial Statements
for the Year Ended 31st January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kabin Hire Limited

Company Information
for the Year Ended 31st January 2025







Directors: I Fullstone
M E Y Fullstone
M D Fullstone
E Hopson





Registered office: Van Road
Wernddu
Caerphilly Business Park
Caerphilly
CF83 3EL





Registered number: 01157250 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Kabin Hire Limited (Registered number: 01157250)

Balance Sheet
31st January 2025

2025 2024
Notes £    £   
Fixed assets
Tangible assets 4 5,412,427 5,289,586

Current assets
Stocks 82,000 92,687
Debtors 5 966,104 893,784
Cash at bank and in hand 4,214,987 4,812,764
5,263,091 5,799,235
Creditors
Amounts falling due within one year 6 (745,112 ) (626,755 )
Net current assets 4,517,979 5,172,480
Total assets less current liabilities 9,930,406 10,462,066

Creditors
Amounts falling due after more than one
year

7

-

(13,755

)

Provisions for liabilities 9 (1,113,229 ) (859,805 )
Net assets 8,817,177 9,588,506

Capital and reserves
Called up share capital 200,100 200,100
Retained earnings 10 8,617,077 9,388,406
8,817,177 9,588,506

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

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

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 17th April 2025 and were signed on its behalf by:





I Fullstone - Director


Kabin Hire Limited (Registered number: 01157250)

Notes to the Financial Statements
for the Year Ended 31st January 2025

1. Statutory information

Kabin 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
Turnover represents amount chargeable, net of value added tax, in respect of the sale and hire of portable cabins and associated products to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Cabins - 10% on cost
Motor vehicles - 20% on cost
Equipment - 20% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. Employees and directors

The average number of employees during the year was 30 (2024 - 28 ) .

Kabin Hire Limited (Registered number: 01157250)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2025

4. Tangible fixed assets
Improvements
Freehold to
property property Cabins
£    £    £   
Cost
At 1st February 2024 428,516 7,524 12,231,460
Additions - - 1,075,238
Disposals - - (778,365 )
At 31st January 2025 428,516 7,524 12,528,333
Depreciation
At 1st February 2024 - 7,524 7,928,861
Charge for year - - 911,020
Eliminated on disposal - - (643,944 )
At 31st January 2025 - 7,524 8,195,937
Net book value
At 31st January 2025 428,516 - 4,332,396
At 31st January 2024 428,516 - 4,302,599

Plant and Motor
machinery vehicles Equipment Totals
£    £    £    £   
Cost
At 1st February 2024 13,950 619,520 709,637 14,010,607
Additions - 259,946 51,959 1,387,143
Disposals - (8,250 ) (13,242 ) (799,857 )
At 31st January 2025 13,950 871,216 748,354 14,597,893
Depreciation
At 1st February 2024 2,790 123,904 657,942 8,721,021
Charge for year 2,790 174,243 34,728 1,122,781
Eliminated on disposal - (1,650 ) (12,742 ) (658,336 )
At 31st January 2025 5,580 296,497 679,928 9,185,466
Net book value
At 31st January 2025 8,370 574,719 68,426 5,412,427
At 31st January 2024 11,160 495,616 51,695 5,289,586

5. Debtors: amounts falling due within one year
2025 2024
£    £   
Trade debtors 966,104 893,784

6. Creditors: amounts falling due within one year
2025 2024
£    £   
Bank loans and overdrafts - 22,764
Trade creditors 569,002 417,440
Social security and other taxes 31,198 32,568
VAT 123,292 141,827
Other creditors 4,615 4,356
Directors' current accounts 17,005 7,800
745,112 626,755

Kabin Hire Limited (Registered number: 01157250)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2025

7. Creditors: amounts falling due after more than one year
2025 2024
£    £   
Directors' loan accounts - 13,755

8. Secured debts

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans - 22,764

1. Debenture issues under the banks standard terms; and
2. First legal charge held over the freehold of Wernddu Yard, Caerphilly Business Park, Can Road, Caerphilly and its associated assets.

9. Provisions for liabilities
2025 2024
£    £   
Deferred tax 1,113,229 859,805

Deferred
tax
£   
Balance at 1st February 2024 859,805
Charge to Income Statement during year 253,424
Balance at 31st January 2025 1,113,229

10. Reserves
Retained
earnings
£   

At 1st February 2024 9,388,406
Deficit for the year (771,329 )
At 31st January 2025 8,617,077

11. Pension commitments

At the year end £1,472 was outstanding as a pension accrual (2024 £1,434)

12. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31st January 2025 and 31st January 2024:

2025 2024
£    £   
B F Fullstone
Balance outstanding at start of year 21,555 29,355
Amounts repaid (4,550 ) (7,800 )
Amounts written off - -
Amounts waived (17,005 ) -
Balance outstanding at end of year - 21,555

Kabin Hire Limited (Registered number: 01157250)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2025

12. Directors' advances, credits and guarantees - continued

M E Y Fullstone
Balance outstanding at start of year - -
Amounts advanced 17,005 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,005 -