REGISTERED NUMBER: 02867242 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Maple Tool Hire Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

L A Humphries

Mrs P C Humphries

M J Humphries

A L Humphries

SECRETARY:

Mrs P C Humphries

REGISTERED OFFICE:

Unit 1 Washington Street

Dudley

West Midlands

DY2 9PH

REGISTERED NUMBER:

02867242 (England and Wales)

ACCOUNTANTS:

Pride Accountants

Polymer Court

Hope Street

Dudley

West Midlands

DY2 8RS

FIXED ASSETS

Tangible assets

4

131,336

133,653

CURRENT ASSETS

Stocks

10,124

10,023

Debtors

5

194,593

154,349

Cash at bank and in hand

218,821

247,243

423,538

411,615

CREDITORS

Amounts falling due within one year

6

140,096

128,610

NET CURRENT ASSETS

283,442

283,005

TOTAL ASSETS LESS CURRENT LIABILITIES

414,778

416,658

CREDITORS

Amounts falling due after more than one year

7

(26,632

)

(37,710

)

PROVISIONS FOR LIABILITIES

10

(3,306

)

(3,810

)

NET ASSETS

384,840

375,138

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

384,740

375,038

SHAREHOLDERS' FUNDS

384,840

375,138

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 2 May 2025 and were signed on its behalf by:

L A Humphries - Director

M J Humphries - Director

A L Humphries - Director

Mrs P C Humphries - Director

1.	STATUTORY INFORMATION

Maple Tool 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.

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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Alarm System

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 9 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Alarm

Plant and

and

System

machinery

fittings

£

£

£

COST

At 1 January 2024

8,876

470,271

15,805

Additions

-

34,364

-

At 31 December 2024

8,876

504,635

15,805

DEPRECIATION

At 1 January 2024

7,755

399,414

15,723

Charge for year

280

26,310

20

At 31 December 2024

8,035

425,724

15,743

NET BOOK VALUE

At 31 December 2024

841

78,911

62

At 31 December 2023

1,121

70,857

82

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

122,810

65,309

683,071

Additions

-

7,106

41,470

At 31 December 2024

122,810

72,415

724,541

DEPRECIATION

At 1 January 2024

67,881

58,645

549,418

Charge for year

13,733

3,444

43,787

At 31 December 2024

81,614

62,089

593,205

NET BOOK VALUE

At 31 December 2024

41,196

10,326

131,336

At 31 December 2023

54,929

6,664

133,653

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

48,500

60,000

108,500

DEPRECIATION

At 1 January 2024

28,041

30,000

58,041

Charge for year

-

13,733

13,733

At 31 December 2024

28,041

43,733

71,774

NET BOOK VALUE

At 31 December 2024

20,459

16,267

36,726

At 31 December 2023

20,459

30,000

50,459

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

192,639

152,375

Other debtors

1,954

1,974

194,593

154,349

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts (see note 8)

23,916

20,248

Trade creditors

68,818

67,275

Taxation and social security

20,379

16,072

Other creditors

16,983

15,015

140,096

128,610

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

4,167

14,167

Hire purchase contracts (see note 8)

22,465

23,543

26,632

37,710

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.12.24

31.12.23

£

£

Gross obligations repayable:

Within one year

25,985

22,381

Between one and five years

24,673

26,957

50,658

49,338

Finance charges repayable:

Within one year

2,069

2,133

Between one and five years

2,208

3,414

4,277

5,547

Net obligations repayable:

Within one year

23,916

20,248

Between one and five years

22,465

23,543

46,381

43,791

Non-cancellable

operating leases

31.12.24

31.12.23

£

£

Within one year

-

4,350

9.	SECURED DEBTS

Lloyds Bank Plc hold an unlimited debenture in the banks standard form dated 12 May 1995.

10.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

3,306

3,810

Deferred

tax

£

Balance at 1 January 2024

3,810

Provided during year

(504

)

Balance at 31 December 2024

3,306

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

12.	ULTIMATE CONTROLLING PARTY

The is no ultimate controlling party.