Avid Hire Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06047183

Avid Hire Limited

Filleted Unaudited Financial Statements

31 January 2025

Avid Hire Limited

Financial Statements

Year ended 31st January 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Avid Hire Limited

Statement of Financial Position

31 January 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4		2,585	3,041

Current assets

Debtors	5	8,033	10,437
Cash at bank and in hand		7,720	24,494
		--------	--------
		15,753	34,931

Creditors: amounts falling due within one year	6	1,063		1,233
		--------		--------
Net current assets			14,690	33,698
			--------	--------
Total assets less current liabilities			17,275	36,739
			--------	--------
Net assets			17,275	36,739
			--------	--------

Capital and reserves

Called up share capital	2	2
Profit and loss account	17,273	36,737
	--------	--------
Shareholders funds	17,275	36,739
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Avid Hire Limited

Statement of Financial Position (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 15 October 2025 , and are signed on behalf of the board by:

Mr C Harrison
Director

Company registration number: 06047183

Avid Hire Limited

Notes to the Financial Statements

Year ended 31st January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alex House, 260-268 Chapel Street, Salford, Manchester, M3 5JZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	20% reducing balance

4. Tangible assets

	Equipment	Total
	£	£
Cost
At 1st February 2024 and 31st January 2025	4,001	4,001
	-------	-------
Depreciation
At 1st February 2024	960	960
Charge for the year	456	456
	-------	-------
At 31st January 2025	1,416	1,416
	-------	-------
Carrying amount
At 31st January 2025	2,585	2,585
	-------	-------
At 31st January 2024	3,041	3,041
	-------	-------

5. Debtors

	2025	2024
	£	£
Trade debtors	–	404
Other debtors	8,033	10,033
	-------	--------
	8,033	10,437
	-------	--------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Social security and other taxes	–	130
Other creditors	1,063	1,103
	-------	-------
	1,063	1,233
	-------	-------

7. Related party transactions

At the year end the company owed to its director £99 (2024 £43)