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Company Registration No. 13814719 (England and Wales)
Asset Hire Ltd Unaudited accounts for the year ended 31 December 2024
Asset Hire Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Asset Hire Ltd Company Information for the year ended 31 December 2024
Director
Paul Carr
Company Number
13814719 (England and Wales)
Registered Office
First Avenue Abacus House Southampton SO15 OLJ
Accountants
Cranleys Chartered Accountants Winton House Winton Square Basingstoke Hampshire RG21 8EN
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Asset Hire Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,744,351 
2,215,413 
Current assets
Debtors
5
604,821 
464,482 
Cash at bank and in hand
43,659 
81,481 
648,480 
545,963 
Creditors: amounts falling due within one year
6
(1,492,288)
(1,759,035)
Net current liabilities
(843,808)
(1,213,072)
Total assets less current liabilities
900,543 
1,002,341 
Creditors: amounts falling due after more than one year
7
(201,000)
(843,500)
Net assets
699,543 
158,841 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
699,542 
158,840 
Shareholders' funds
699,543 
158,841 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 August 2025 and were signed on its behalf by
Paul Carr Director Company Registration No. 13814719
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Asset Hire Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Asset Hire Ltd is a private company, limited by shares, registered in England and Wales, registration number 13814719. The registered office is First Avenue, Abacus House, Southampton, SO15 OLJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
539,621 
2,411,597 
2,951,218 
Additions
56,192 
278,778 
334,970 
At 31 December 2024
595,813 
2,690,375 
3,286,188 
Depreciation
At 1 January 2024
150,876 
584,929 
735,805 
Charge for the year
123,029 
683,003 
806,032 
At 31 December 2024
273,905 
1,267,932 
1,541,837 
Net book value
At 31 December 2024
321,908 
1,422,443 
1,744,351 
At 31 December 2023
388,745 
1,826,668 
2,215,413 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
159,821 
23,898 
Other debtors
445,000 
440,584 
604,821 
464,482 
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Asset Hire Ltd Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,367,930 
1,645,688 
VAT
31,847 
- 
Trade creditors
6,538 
108,007 
Taxes and social security
82,613 
- 
Accruals
3,360 
5,340 
1,492,288 
1,759,035 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
- 
843,500 
Other creditors
201,000 
- 
201,000 
843,500 
8
Transactions with related parties
The related party are Mr Paul Carr by virtue of directorship and shareholding. During the financial year, a loan of £400,000 was extended to a director. A total of £400,00 was fully repaid within 9 months by 30 September 2024.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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