REGISTERED NUMBER: 01198527 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

R.A.N. HIRE & SALES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

N Evans

Mrs R Calderbank

SECRETARY:

N Evans

REGISTERED OFFICE:

RAN House

Broad Street

Barry

South Glam

CF62 7XX

REGISTERED NUMBER:

01198527 (England and Wales)

ACCOUNTANTS:

Cotsen and Company Limited

Accountants

Suite B2 Ground Floor

Copthorne Way

St Hilary Court

Cardiff

CF5 6ES

FIXED ASSETS

Tangible assets

4

873,037

847,452

CURRENT ASSETS

Stocks

139,865

140,059

Debtors

5

1,016,794

880,337

Cash at bank

877,130

1,008,641

2,033,789

2,029,037

CREDITORS

Amounts falling due within one year

6

152,115

164,288

NET CURRENT ASSETS

1,881,674

1,864,749

TOTAL ASSETS LESS CURRENT LIABILITIES

2,754,711

2,712,201

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

2,754,411

2,711,901

2,754,711

2,712,201

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 25 April 2025 and were signed on its behalf by:

N Evans - Director

1.	STATUTORY INFORMATION

R.A.N. Hire & Sales 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.

Changes in accounting policies

It is the considered opinion of the director that the charge for depreciation on all the fixed plant and machinery still being used by the company has been substantially overprovided in previous accounting periods. A revised depreciation charge has therefore been calculated to bring the assets to the considered true value over a 2 year period

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.

Plant and machinery

-

5% on reducing balance

Motor vehicles

-

25% on reducing balance

Office 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 7 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

1,179,115

166,707

90,998

1,436,820

Additions

80,079

-

419

80,498

Disposals

(20,577

)

-

-

(20,577

)

At 31 December 2024

1,238,617

166,707

91,417

1,496,741

DEPRECIATION

At 1 January 2024

402,198

97,584

89,586

589,368

Charge for year

29,099

16,876

6,944

52,919

Eliminated on disposal

(18,583

)

-

-

(18,583

)

At 31 December 2024

412,714

114,460

96,530

623,704

NET BOOK VALUE

At 31 December 2024

825,903

52,247

(5,113

)

873,037

At 31 December 2023

776,917

69,123

1,412

847,452

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

100,616

82,337

Amounts owed by group undertakings

750,252

729,980

Other debtors

165,926

68,020

1,016,794

880,337

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

34,717

41,103

Taxation and social security

43,649

66,548

Other creditors

73,749

56,637

152,115

164,288