REGISTERED NUMBER: 09670892 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Stage One Hire Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M K Harrison

M N Johnson

C L D Johnson

SECRETARY:

E A Johnson

REGISTERED OFFICE:

Hangar 88

Marston Business Park

Tockwith

York

North Yorkshire

YO26 7QF

REGISTERED NUMBER:

09670892 (England and Wales)

SENIOR STATUTORY AUDITOR:

Phillipa Symington ACA CA(SA)

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

Oak Tree House, Harwood Road

Northminster Business Park

Upper Poppleton

York

YO26 6QU

FIXED ASSETS

Tangible assets

4

92,729

105,549

CURRENT ASSETS

Debtors

5

122,651

31,921

Cash at bank

5,560

218,924

128,211

250,845

CREDITORS

Amounts falling due within one year

6

(197,817

)

(124,178

)

NET CURRENT (LIABILITIES)/ASSETS

(69,606

)

126,667

TOTAL ASSETS LESS CURRENT LIABILITIES

23,123

232,216

PROVISIONS FOR LIABILITIES

7

(22,803

)

(20,054

)

NET ASSETS

320

212,162

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

318

212,160

SHAREHOLDERS' FUNDS

320

212,162

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

M N Johnson - Director

1.	STATUTORY INFORMATION

Stage One 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Going concern

The directors assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date the financial statements are approved.

After making appropriate enquiries and having prepared and reviewed cash flow forecasts which take into account possible changes in trading performance, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and for at least one period from the date of these financial statements. The forecasts are dependent on the future support of Stage One Group Limited in both not seeking repayment of amounts currently due to them, as well as providing additional financial support during the period. Stage One Group has indicated their intention to continue to provide this support, as included in the forecasts.

As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue indefinitely, however, at date of approval of these accounts they have no reason to believe that it will not do so.

Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of these financial statements and therefore have prepared the financial statements on the going concern basis.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition

Income is recognised when the conditions contained within a contract for services have been met.

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

-

20% on cost

Computer equipment

-

25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

142,678

2,672

145,350

Additions

16,208

3,652

19,860

At 31 December 2024

158,886

6,324

165,210

DEPRECIATION

At 1 January 2024

37,686

2,115

39,801

Charge for year

31,210

1,470

32,680

At 31 December 2024

68,896

3,585

72,481

NET BOOK VALUE

At 31 December 2024

89,990

2,739

92,729

At 31 December 2023

104,992

557

105,549

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Corporation tax debtor

20,565

-

VAT

1,188

17,167

Prepayments and accrued income

100,898

14,754

122,651

31,921

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

2,656

79,735

Amounts owed to group undertakings

184,383

20,878

Taxation and social security

-

20,565

Accruals and deferred income

10,778

3,000

197,817

124,178

7.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

22,803

20,054

Deferred

tax

£

Balance at 1 January 2024

20,054

Provided during year

2,749

Balance at 31 December 2024

22,803

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Phillipa Symington ACA CA(SA) (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

10.	CAPITAL COMMITMENTS

2024

2023

£

£

Contracted but not provided for in the

financial statements

-

54,699

11.	ULTIMATE PARENT COMPANY

The ultimate parent company is Stage One Group Limited, a private company, limited by shares, registered in England and Wales. The company's registered office is Hangar 88, Marston Business Park, Tockwith, YO26 7QF.

ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mark Johnson by virtue of his control of Stage One Group Limited.