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COMPANY REGISTRATION NUMBER: 13127057
RHAB Hire Limited
Filleted Unaudited Financial Statements
For the year ended
31 October 2024
RHAB Hire Limited
Statement of Financial Position
31 October 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
213,647
233,428
Current assets
Stocks
20,000
80,230
Debtors
6
232,934
160,983
Cash at bank and in hand
29,152
1,310
---------
---------
282,086
242,523
Creditors: amounts falling due within one year
7
37,926
66,204
---------
---------
Net current assets
244,160
176,319
---------
---------
Total assets less current liabilities
457,807
409,747
Provisions
Taxation including deferred tax
53,412
58,357
---------
---------
Net assets
404,395
351,390
---------
---------
RHAB Hire Limited
Statement of Financial Position (continued)
31 October 2024
2024
2023
Note
£
£
£
Capital and reserves
Called up share capital
1
1
Profit and loss account
404,394
351,389
---------
---------
Shareholders funds
404,395
351,390
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 5 August 2025 , and are signed on behalf of the board by:
R Berry
Director
Company registration number: 13127057
RHAB Hire Limited
Notes to the Financial Statements
Year ended 31 October 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Enterprise House, 38 Tyndall Court, Commerce Road, Lynchwood, Peterborough, PE2 6LR, England. The trading address is Yarwell House, 83 Main St, Yarwell, Peterborough PE8 6PR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 November 2023
313,095
36,500
349,595
Additions
46,699
46,699
Disposals
( 31,895)
( 31,895)
---------
--------
---------
At 31 October 2024
327,899
36,500
364,399
---------
--------
---------
Depreciation
At 1 November 2023
108,302
7,865
116,167
Charge for the year
51,197
4,350
55,547
Disposals
( 20,962)
( 20,962)
---------
--------
---------
At 31 October 2024
138,537
12,215
150,752
---------
--------
---------
Carrying amount
At 31 October 2024
189,362
24,285
213,647
---------
--------
---------
At 31 October 2023
204,793
28,635
233,428
---------
--------
---------
6. Debtors
2024
2023
£
£
Trade debtors
47,182
24,858
Other debtors
185,752
136,125
---------
---------
232,934
160,983
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
5,600
252
Social security and other taxes
28,061
61,924
Other creditors
4,265
4,028
--------
--------
37,926
66,204
--------
--------
8. Director's advances, credits and guarantees
The directors loan account remained in credit throughout the period. No interest is charged on the balance and it is repayable on demand.