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Registered number: 03696213
Power Tool Rentals Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03696213
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 190,751 208,117
190,751 208,117
CURRENT ASSETS
Stocks 5 16,793 19,089
Debtors 6 69,099 85,588
Cash at bank and in hand 420 5,322
86,312 109,999
Creditors: Amounts Falling Due Within One Year 7 (120,930 ) (106,905 )
NET CURRENT ASSETS (LIABILITIES) (34,618 ) 3,094
TOTAL ASSETS LESS CURRENT LIABILITIES 156,133 211,211
Creditors: Amounts Falling Due After More Than One Year 8 (34,031 ) (46,783 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (36,243 ) (42,893 )
NET ASSETS 85,859 121,535
CAPITAL AND RESERVES
Called up share capital 10 38,140 38,140
Profit and Loss Account 47,719 83,395
SHAREHOLDERS' FUNDS 85,859 121,535
Page 1
Page 2
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs J C Hirst
Director
24th October 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Power Tool Rentals Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03696213 . The registered office is Halifax Road, Hipperholme, Halifax, West Yorkshire, HX3 8ER.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Motor Vehicles 15% reducing balance
Fixtures & Fittings 20% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks  are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 5)
4 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 February 2024 354,850 24,015 38,114 416,979
As at 31 January 2025 354,850 24,015 38,114 416,979
Depreciation
As at 1 February 2024 151,301 19,948 37,613 208,862
Provided during the period 16,656 610 100 17,366
As at 31 January 2025 167,957 20,558 37,713 226,228
Net Book Value
As at 31 January 2025 186,893 3,457 401 190,751
As at 1 February 2024 203,549 4,067 501 208,117
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5. Stocks
2025 2024
£ £
Stock 16,793 19,089
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 21,689 42,286
Amounts owed by group undertakings 44,535 40,878
Other debtors 2,875 2,424
69,099 85,588
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 8,265 8,265
Trade creditors 12,514 55,492
Bank loans and overdrafts 18,675 12,948
Other loans 5,556 5,556
Other creditors 39,889 979
Taxation and social security 36,031 23,665
120,930 106,905
The above loan has been secured against the assets of the business.
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 9,893 17,066
Other loans 24,138 29,717
34,031 46,783
The above loan has been secured against the assets of the business.
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9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 February 2024 42,893 42,893
Deferred taxation (6,650 ) (6,650 )
Balance at 31 January 2025 36,243 36,243
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 38,140 38,140
11. Related Party Transactions
At 31 January 2025 the company was owed £44,535 (2024: £40,878) from its parent undertaking, Blue Simba Limited. 
12. Ultimate Controlling Party
The company is under the ultimate control of its parent undertaking, Blue Simba Limited, which is under the control of Mrs J Hirst and Mr J Noble, the directors. 
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