REGISTERED NUMBER: 02379631 (England and Wales)

Financial Statements for the Year Ended 30 April 2025

for

Hire One (St.Albans) Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mrs L Clark

Mrs J L Clark

Mr B Clark

REGISTERED OFFICE:

4 Cromwell Court

New Street

Aylesbury

Buckinghamshire

HP20 2PB

REGISTERED NUMBER:

02379631 (England and Wales)

FIXED ASSETS

Tangible assets

4

415,227

395,783

CURRENT ASSETS

Stocks

33,705

56,407

Debtors

5

147,556

134,416

Cash at bank and in hand

2,857

19,080

184,118

209,903

CREDITORS

Amounts falling due within one year

6

(305,121

)

(389,882

)

NET CURRENT LIABILITIES

(121,003

)

(179,979

)

TOTAL ASSETS LESS CURRENT LIABILITIES

294,224

215,804

CREDITORS

Amounts falling due after more than one year

7

(270,058

)

(225,741

)

PROVISIONS FOR LIABILITIES

(22,881

)

(18,822

)

NET ASSETS/(LIABILITIES)

1,285

(28,759

)

CAPITAL AND RESERVES

Called up share capital

1,004

1,004

Retained earnings

281

(29,763

)

SHAREHOLDERS' FUNDS

1,285

(28,759

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2025 and were signed on its behalf by:

Mr B Clark - Director

1.	STATUTORY INFORMATION

Hire One (St.Albans) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed assets

All fixed assets are initially recorded at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2024

264,719

1,179,297

1,444,016

Additions

-

59,388

59,388

At 30 April 2025

264,719

1,238,685

1,503,404

DEPRECIATION

At 1 May 2024

-

1,048,233

1,048,233

Charge for year

-

39,944

39,944

At 30 April 2025

-

1,088,177

1,088,177

NET BOOK VALUE

At 30 April 2025

264,719

150,508

415,227

At 30 April 2024

264,719

131,064

395,783

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 May 2024

178,124

Transfer to ownership

(54,644

)

At 30 April 2025

123,480

DEPRECIATION

At 1 May 2024

78,600

Charge for year

29,309

Transfer to ownership

(38,044

)

At 30 April 2025

69,865

NET BOOK VALUE

At 30 April 2025

53,615

At 30 April 2024

99,524

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

57,805

53,391

Other debtors

89,751

81,025

147,556

134,416

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

95,863

177,923

Hire purchase contracts

48,222

34,281

Trade creditors

58,932

42,851

Taxation and social security

96,894

114,667

Other creditors

5,210

20,160

305,121

389,882

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

187,483

163,249

Hire purchase contracts

82,575

62,492

270,058

225,741

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

2025

2024

£

£

Mr N Clark

Balance outstanding at start of year

33,497

-

Amounts advanced

11,310

33,497

Amounts repaid

(10,620

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

34,187

33,497

Mr B Clark

Balance outstanding at start of year

25,233

-

Amounts advanced

13,214

25,233

Amounts repaid

(7,380

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

31,067

25,233

9.	GOING CONCERN

These accounts have been prepared on the going concern basis, on the understanding that the directors will financially support the company if required.