Company No: 09029115 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	225,033		230,702
Investments	4	1		1
		225,034		230,703
Current assets
Cash at bank and in hand		52		52
		52		52
Creditors: amounts falling due within one year	5	( 80,951)		( 79,722)
Net current liabilities		(80,899)		(79,670)
Total assets less current liabilities		144,135		151,033
Creditors: amounts falling due after more than one year	6	( 224,645)		( 224,645)
Net liabilities		( 80,510)		( 73,612)
Capital and reserves
Called-up share capital		1		1
Profit and loss account		( 80,511 )		( 73,613 )
Total shareholder's deficit		( 80,510)		( 73,612)

For the financial 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.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Edwards Hire Ltd (registered number: 09029115) were approved and authorised for issue by the Director on 30 September 2025. They were signed on its behalf by:

Mr R Edwards Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Edwards Hire Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 40a Sturmi Way, Village Farm Industrial Estate, Pyle, Bridgend, CF33 6BZ, Wales, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

Notwithstanding the net liability position of £80,510 (2023 - £73,612), the director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that, with the continued support of the director, the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements.

Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings

30 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Investments
Investments are valued at cost as fair value cannot be determined.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Land and buildings		Total
	£		£
Cost
At 01 January 2024	290,062		290,062
At 31 December 2024	290,062		290,062
Accumulated depreciation
At 01 January 2024	59,360		59,360
Charge for the financial year	5,669		5,669
At 31 December 2024	65,029		65,029
Net book value
At 31 December 2024	225,033		225,033
At 31 December 2023	230,702		230,702

4. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	1
At 31 December 2024	1
Carrying value at 31 December 2024	1
Carrying value at 31 December 2023	1

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	1,204		0
Amounts owed to Group undertakings	55,769		55,769
Amounts owed to director	22,953		22,953
Accruals	1,025		1,000
	80,951		79,722

6. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Other creditors	224,645		224,645

There are no amounts included above in respect of which any security has been given by the small entity.