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Registered number: 03026181
Easi-Hire Limited
Financial Statements
For The Year Ended 31 March 2025
Easi-Hire Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Easi-Hire Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 03026181

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 43,110 |  | 12,790
Investment Properties | 5 |  | 929,962 |  | 929,962
|  |  | 973,072 |  | 942,752
CURRENT ASSETS
Debtors | 6 | - |  | 1,470 |
Cash at bank and in hand |  | 7,388 |  | 25,775 |
|  | 7,388 |  | 27,245 |
Creditors: Amounts Falling Due Within One Year | 7 | (51,229 ) |  | (55,595 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (43,841 ) |  | (28,350 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 929,231 |  | 914,402
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (642,795 ) |  | (672,151 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (7,819 ) |  | (2,430 )
NET ASSETS |  |  | 278,617 |  | 239,821
CAPITAL AND RESERVES
Called up share capital | 10 |  | 9 |  | 9
Profit and Loss Account |  |  | 278,608 |  | 239,812
SHAREHOLDERS' FUNDS |  |  | 278,617 |  | 239,821

Page 1
Page 2
Easi-Hire Limited
Balance Sheet (continued)
As At 31 March 2025
For the year ending 31 March 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

Mr P J Brown Director
30 September 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Easi-Hire Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Easi-Hire Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03026181 . The registered office is Kestral Park, Kestral Road, Mansfield, Nottinghamshire, NG18 5FT.
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.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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 | 20% Straight line
Motor Vehicles | 25% Reducing balance

2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 3
Page 4
Easi-Hire Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
4. Tangible Assets

| Plant & Machinery | Motor Vehicles | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2024 | 15,171 | 24,822 | 39,993
Additions | 466 | 53,787 | 54,253
Disposals | - | (24,822 ) | (24,822 )
As at 31 March 2025 | 15,637 | 53,787 | 69,424
Depreciation
As at 1 April 2024 | 14,889 | 12,314 | 27,203
Provided during the period | 219 | 11,727 | 11,946
Disposals | - | (12,835 ) | (12,835 )
As at 31 March 2025 | 15,108 | 11,206 | 26,314
Net Book Value
As at 31 March 2025 | 529 | 42,581 | 43,110
As at 1 April 2024 | 282 | 12,508 | 12,790

5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 April 2024 and 31 March 2025 | 929,962

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | - |  | 1,470

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 946 |  | 264
Bank loans and overdrafts | 27,001 |  | 24,645
Corporation tax | 3,252 |  | 11,434
VAT | 4,642 |  | 3,964
Accruals and deferred income | 15,388 |  | 15,288
| 51,229 |  | 55,595

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 392,795 |  | 422,151
Other creditors | 250,000 |  | 250,000
| 642,795 |  | 672,151

Page 4
Page 5
Easi-Hire Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
Of the creditors falling due after more than one year the following amounts are due after more than five years.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | - |  | 323,570

9. Secured Creditors
Of the creditors the following amounts are secured.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 401,908 |  | 446,797

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 9 |  | 9

11. Related Party Transactions
The Company is related to Mitchells Ironmongers Limited by virtue of common control. At the yearend an amount of £250,000 (2024: £250,000) was due to Mitchells Ironmongers. The loan has no scheduled repayment date. Rental income of £44,730 (2024: £42,000) was reveivable from Mitchells Ironmongers during the year.
Page 5