Event Equipment Hire Limited - Filleted accounts

Registered number

13770775

Event Equipment Hire Limited

Filleted Accounts

31 December 2024

Event Equipment Hire Limited

Registered number:		13770775

Balance Sheet

as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		683,689			491,745

Current assets
Debtors	4	35,846			41,615
Cash at bank and in hand		203,210			226,342
		239,056			267,957

Creditors: amounts falling due within 1 year	5	(34,735)			(75,892)

Net current assets			204,321			192,065

Total assets less current liabilities			888,010			683,810

Creditors: amounts falling due after more than 1 year	6		(93,385)			(49,550)



Net assets			794,625			634,260

Capital and reserves
Called up share capital			1			1
Profit and loss account			794,624			634,259

Shareholders' funds			794,625			634,260

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Richard Haigh
Director
Approved by the board on 29 September 2025

Event Equipment Hire Limited

Notes to the Accounts

for the year ended 31 December 2024


1	Accounting policies

1	Basis of preparation

	The financial statements have been prepared under the historical cost convention, unless otherwise specified within these accounting policies, and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006. The following principal accounting policies have been applied:

1	Financial reporting standard 102 – reduced disclosure exemptions

	The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 • Preparation of a cash flow statement; • Disclosures relating to financial instruments.

1	Going concern

	The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In making this assessment, the director has considered a period of twelve months from the date of approval of these financial statements.

1	Foreign currency translation

	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the exchange rate at the date of the transaction. Foreign exchange gains and losses resulting from the settlement of transactions and the translation of monetary assets and liabilities at the period end using period end exchange rates, are recognised in the profit and loss account.

2	Turnover

	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover related to the rendering of services is recognised in the period to which the equipment is on hire, as long as the amount of turnover can be measured reliably and it is probable that the Company will receive the amount of consideration due.

2	Current taxation

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted by the reporting date in the country where the Company operates and generates income.

2	Tangible fixed assets

	Tangible fixed assets are measured at historical cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value over its expected useful life. Depreciation is provided on the following basis: • Plant and machinery – 20% straight line and 10% reducing balance • Fixtures, fittings, tools and equipment – 20% straight line • Motor vehicles – 20% straight line

2	Debtors

	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans receivable and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2	Cash and cash equivalents

	Cash is represented of cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

1.10	Creditors

	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

1.11	Provisions

	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is a legal or constructive obligation arsing as a result of a past event and a transfer of economic benefit is probable and the amount of the obligation can be estimated reliably. Provisions are measured at the best estimate of the amount required to settle the obligation, taking into account the risks and uncertainties. Increases in provisions are expensed to the profit and loss.

1.12	Pensions

	The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the payments have been made, the Company has no further payment obligations. Contributions paid are expensed in the profit and loss account in the period to which they relate. Amounts due, not yet paid, are shown in creditors as a liability in the statement of financial position.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					7		4


3	Tangible fixed assets
		Fixtures & Fittings		Plant & Machinery		Motor Vehicles		Total
£			£		£		£
	Cost
	At 1 January 2024	1,041		423,281		155,429		579,751
	Additions	2,286		169,218		132,764		304,268
	Disposals	-		-		(3,000)		(3,000)
	At 31 December 2024	3,327		592,499		285,193		881,019

	Depreciation
	At 1 January 2024	382		66,912		20,712		88,006
	Charge for the year	360		64,661		45,403		110,424
	On disposals	-		-		(1,100)		(1,100)
	At 31 December 2024	742		131,573		65,015		197,330

	Net book value
	At 31 December 2024	2,585		460,926		220,178		683,689
	At 31 December 2023	659		356,369		134,717		491,745

4	Debtors					2024		2023
£							£

	Trade debtors					2,961		11,257
	Other debtors					32,885		30,358
						35,846		41,615

5	Creditors: amounts falling due within one year					2024		2023
£							£

	Trade creditors					13,361		6,935
	Taxation and social security costs					21,374		35,983
	Other creditors					-		32,974
						34,735		75,892

6	Creditors: amounts falling due after one year					2024		2023
£							£

	Other creditors					93,385		49,550

7	Related party transactions

	During the year, the Company paid rent of £18,930 (2023: £10,100) to an entity under common control. The rental charges are considered to be on an arm’s length basis. As at 31 December 2024, included within other creditors, are amounts payable of £00.00 (2023: £32,974) from entities under common control. As at 31 December 2024, included within other debtors, are amounts payable of £32,885 (2023: £8,989) from entities under common control. All transactions are interest free and under normal commercial terms and conditions

8	Disclosure of Directors' Loans

	As of the balance sheet date, Other Creditors falling due after more than one year represents the balance of loans that the director has advanced to the company. The loan is unsecured, interest-free and repayable on demand. No amounts were written off or waived during the year.

7	Other information

	Event Equipment Hire Limited is a private company limited by shares and incorporated in England. Its registered office is:
	2a Tenter Hill
	Clayton
	Bradford
	West Yorkshire
	BD14 6BD