REGISTERED NUMBER: 03227863 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NBM HIRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T P J Cooney

Mrs J Cooney

REGISTERED OFFICE:

Cromwell Road

Penrith

Cumbria

CA11 7JW

REGISTERED NUMBER:

03227863 (England and Wales)

ACCOUNTANTS:

Christian Douglass Accountants Limited

Chartered Accountants

The Old Stables

Edenhall

Penrith

CA11 8ST

FIXED ASSETS

Tangible assets

4

125,163

85,604

CURRENT ASSETS

Debtors

5

28,487

63,412

Cash at bank and in hand

53,193

43,003

81,680

106,415

CREDITORS

Amounts falling due within one year

6

109,876

104,287

NET CURRENT (LIABILITIES)/ASSETS

(28,196

)

2,128

TOTAL ASSETS LESS CURRENT LIABILITIES

96,967

87,732

CREDITORS

Amounts falling due after more than one year

7

(5,000

)

(21,650

)

PROVISIONS FOR LIABILITIES

(31,291

)

(21,401

)

NET ASSETS

60,676

44,681

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

60,674

44,679

SHAREHOLDERS' FUNDS

60,676

44,681

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 29 September 2025 and were signed on its behalf by:

T P J Cooney - Director

1.	STATUTORY INFORMATION

NBM Hire Limited is a private company, limited by shares, registered in England and Wales. The Company's registered number is 03227863 and its registered office address is at Cromwell Road, Penrith, Cumbria,

CA11 7JW.

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.

Plant and machinery etc

-

25% on reducing balance

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

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.

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 6 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

196,618

Additions

95,530

Disposals

(19,000

)

At 31 December 2024

273,148

DEPRECIATION

At 1 January 2024

111,014

Charge for year

41,721

Eliminated on disposal

(4,750

)

At 31 December 2024

147,985

NET BOOK VALUE

At 31 December 2024

125,163

At 31 December 2023

85,604

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

Plant and

machinery

etc

£

COST

At 1 January 2024

48,250

Disposals

(19,000

)

Transfer to ownership

(29,250

)

At 31 December 2024

-

DEPRECIATION

At 1 January 2024

21,660

Eliminated on disposal

(4,750

)

Transfer to ownership

(16,910

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

26,590

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

1,022

25,746

Other debtors

27,465

37,666

28,487

63,412

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

-

9,219

Trade creditors

22,631

39,677

Amounts owed to associates

60,900

-

Taxation and social security

14,409

14,971

Other creditors

1,936

30,420

109,876

104,287

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

5,000

15,000

Hire purchase contracts

-

6,650

5,000

21,650

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Hire purchase contracts

-

15,869

Hire purchase contracts are secured on the assets concerned.