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Company No: 14197381 (England and Wales)

# IFG HIRE & SALES LTD

### Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

IFG HIRE & SALES LTD

## Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

IFG HIRE & SALES LTD

## COMPANY INFORMATION

For the financial year ended 31 January 2025
IFG HIRE & SALES LTD

## COMPANY INFORMATION (continued)

For the financial year ended 31 January 2025

DIRECTOR | Luke Graham Haffenden

REGISTERED OFFICE | Wises Oast Business Centre Wises Lane
| Borden
| Sittingbourne
| ME9 8LR
| United Kingdom

COMPANY NUMBER | 14197381 (England and Wales)

CHARTERED ACCOUNTANTS | Burgess Hodgson LLP
| Camburgh House
| 27 New Dover Road
| Canterbury
| CT1 3DN

IFG HIRE & SALES LTD

## BALANCE SHEET

As at 31 January 2025
IFG HIRE & SALES LTD

## BALANCE SHEET (continued)

As at 31 January 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 80,717 |  | 18,748
|  | 80,717 |  | 18,748
Current assets |  |  |  |
Debtors | 5 | 0 |  | 4,557
Cash at bank and in hand | 6 | 26,464 |  | 2,705
|  | 26,464 |  | 7,262
Creditors: amounts falling due within one year | 7 | ( 98,201) |  | ( 32,056)
Net current liabilities |  | (71,737) |  | (24,794)
Total assets less current liabilities |  | 8,980 |  | (6,046)
Creditors: amounts falling due after more than one year | 8 | ( 30,015) |  | 0
Net liabilities |  | ( 21,035) |  | ( 6,046)
Capital and reserves |  |  |  |
Called-up share capital |  | 1 |  | 1
Profit and loss account |  | ( 21,036 ) |  | ( 6,047 )
Total shareholder's deficit |  | ( 21,035) |  | ( 6,046)

For the financial year ending 31 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 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 IFG Hire & Sales Ltd (registered number: 14197381) were approved and authorised for issue by the Director on 22 October 2025. They were signed on its behalf by:

Luke Graham Haffenden Director |

IFG HIRE & SALES LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
IFG HIRE & SALES LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025

##### 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

IFG Hire & Sales 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 Wises Oast Business Centre Wises Lane, Borden, Sittingbourne, ME9 8LR, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, 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 £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### 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, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 4 - 5 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.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

#### 2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the director is required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the director has made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

#### 3. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 4. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 February 2024 | 19,998 |  | 19,998
Additions | 90,657 |  | 90,657
Disposals | ( 19,998) |  | ( 19,998)
At 31 January 2025 | 90,657 |  | 90,657
Accumulated depreciation |  |  |
At 01 February 2024 | 1,250 |  | 1,250
Charge for the financial year | 7,041 |  | 7,041
Impairment losses | 2,900 |  | 2,900
Disposals | ( 1,250) |  | ( 1,250)
Rounding | ( 1) |  | ( 1)
At 31 January 2025 | 9,940 |  | 9,940
Net book value |  |  |
At 31 January 2025 | 80,717 |  | 80,717
At 31 January 2024 | 18,748 |  | 18,748

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 0 |  | 4,557

#### 6. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 26,464 |  | 2,705

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to Group undertakings | 30,066 |  | 21,266
Other taxation and social security | 2,096 |  | 0
Obligations under finance leases and hire purchase contracts | 2,384 |  | 9,540
Other creditors | 63,655 |  | 1,250
| 98,201 |  | 32,056

#### 8. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Obligations under finance leases and hire purchase contracts (secured) | 30,015 |  | 0

The hire purchase contrcts are secured on motor vehicles of the Company with a carrying value of £34,687.

#### 9. Related party transactions

Transactions with entities in which the entity itself has a participating interest

| 2025 |  | 2024
| £ |  | £
At the year end the company owed a group company | 30,066 |  | 21,266

Transactions with the entity's director

| 2025 |  | 2024
| £ |  | £
At the year end the company owed a director | 49,275 |  | 25

#### 10. Ultimate controlling party

Parent Company:

IFG UK Holdings Limited
Wises Oast Business Centre Wises Lane, Borden, Sittingbourne, United Kingdom, ME9 8LR