Shl Hire Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 07879031

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,987,833		2,773,401
Investments	5		7,500		7,500

			2,995,333		2,780,901
CURRENT ASSETS
Debtors	6	834,937		768,239
Cash at bank and in hand		25,091		28,335

		860,028		796,574
Creditors: Amounts Falling Due Within One Year	7	(1,248,350 )		(1,034,306 )

NET CURRENT ASSETS (LIABILITIES)			(388,322 )		(237,732 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,607,011		2,543,169

Creditors: Amounts Falling Due After More Than One Year	8		(748,710 )		(841,682 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(758,967 )		(503,084 )

NET ASSETS			1,099,334		1,198,403

CAPITAL AND RESERVES
Called up share capital	11		1		1
Profit and Loss Account			1,099,333		1,198,402

SHAREHOLDERS' FUNDS			1,099,334		1,198,403

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Shl Hire Ltd

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Leyton Shillibier

Director

01/11/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Shl Hire Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07879031 . The registered office is Hendir Uchaf Farm Rhiwceiliog, Pencoed, Bridgend, Mid Glamorgan, CF35 6NS.

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:

Freehold	10% reducing balance
Plant & Machinery	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. 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.

...CONTINUED

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Shl Hire Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

2.5. Taxation - continued

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: 3 (2024: 3)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 March 2024	119,461	4,565,792	4,685,253
Additions	-	1,254,478	1,254,478
Disposals	-	(1,169,331 )	(1,169,331 )

As at 28 February 2025	119,461	4,650,939	4,770,400

Depreciation
As at 1 March 2024	32,374	1,879,478	1,911,852
Provided during the period	8,709	596,360	605,069
Disposals	-	(734,354 )	(734,354 )

As at 28 February 2025	41,083	1,741,484	1,782,567

Net Book Value
As at 28 February 2025	78,378	2,909,455	2,987,833

As at 1 March 2024	87,087	2,686,314	2,773,401

5. Investments

	Unlisted
	£
Cost
As at 1 March 2024	7,500

As at 28 February 2025	7,500

Provision
As at 1 March 2024	-

As at 28 February 2025	-

Net Book Value
As at 28 February 2025	7,500

As at 1 March 2024	7,500

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Shl Hire Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by group undertakings	788,412	737,324
Other debtors	46,525	30,915

	834,937	768,239

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	943,855	741,626
Trade creditors	74,314	20,115
Bank loans and overdrafts	10,247	9,994
Other creditors	216,032	211,856
Taxation and social security	3,902	50,715

	1,248,350	1,034,306

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	738,204	820,930
Bank loans	10,506	20,752

	748,710	841,682

9. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Net obligations under finance lease and hire purchase contracts	1,682,060		1,562,556

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	943,855	741,626
Later than one year and not later than five years	738,204	820,930

	1,682,059	1,562,556

	1,682,059	1,562,556

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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Shl Hire Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

12. Directors Advances, Credits and Guarantees

Included within creditors are the following loans from directors:

	As at 1 March 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 28 February 2025
	£	£	£	£	£
Mr Leyton Shillibier	175,525	-	1,304	-	176,829

The above are payable on demand to the director.

13. Related Party Transactions

The company is taking advantage of the exemption within FRS 102a to not dicslose of transactions to related parties.

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