| G.B.U Hire Limited |
| Registered number: |
08436213 |
| Balance Sheet |
| as at 31 May 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
413,687 |
|
|
475,961 |
| Investments |
4 |
|
|
968,664 |
|
|
968,664 |
|
|
|
|
1,382,351 |
|
|
1,444,625 |
|
| Current assets |
| Debtors |
5 |
|
4,909 |
|
|
2,830 |
| Cash at bank and in hand |
|
|
7,220 |
|
|
8,225 |
|
|
|
12,129 |
|
|
11,055 |
|
| Creditors: amounts falling due within one year |
6 |
|
(207,522) |
|
|
(190,533) |
|
| Net current liabilities |
|
|
|
(195,393) |
|
|
(179,478) |
|
| Total assets less current liabilities |
|
|
|
1,186,958 |
|
|
1,265,147 |
|
|
| Provisions for liabilities |
|
|
|
(104,930) |
|
|
(118,990) |
|
|
| Net assets |
|
|
|
1,082,028 |
|
|
1,146,157 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
102 |
|
|
102 |
| Profit and loss account |
|
|
|
1,081,926 |
|
|
1,146,055 |
|
| Shareholders' funds |
|
|
|
1,082,028 |
|
|
1,146,157 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| K Bainbridge |
| Director |
| Approved by the board on 13 November 2025 |
|
| G.B.U Hire Limited |
| Notes to the Accounts |
| for the year ended 31 May 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the hire of equipment and machinery and from the rendering of services. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Motor Vehicles |
25% reducing balance |
|
Plant and machinery |
15% reducing balance |
|
Fixtures, fittings, tools and equipment |
15% reducing balance |
|
|
Investments |
|
Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in the profit and loss. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
4 |
|
4 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 June 2024 |
529,852 |
|
266,669 |
|
796,521 |
|
Additions |
26,057 |
|
156,120 |
|
182,177 |
|
Disposals |
(34,482) |
|
(225,530) |
|
(260,012) |
|
At 31 May 2025 |
521,427 |
|
197,259 |
|
718,686 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2024 |
230,209 |
|
90,351 |
|
320,560 |
|
Charge for the year |
25,600 |
|
23,200 |
|
48,800 |
|
On disposals |
(24,740) |
|
(39,621) |
|
(64,361) |
|
At 31 May 2025 |
231,069 |
|
73,930 |
|
304,999 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2025 |
290,358 |
|
123,329 |
|
413,687 |
|
At 31 May 2024 |
299,643 |
|
176,318 |
|
475,961 |
|
|
| 4 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 June 2024 |
968,664 |
|
|
At 31 May 2025 |
968,664 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
658 |
|
68 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
2,320 |
|
1,508 |
|
Taxation and social security costs |
- |
|
- |
|
Other debtors |
1,931 |
|
1,254 |
|
|
|
|
|
|
4,909 |
|
2,830 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
103,745 |
|
137,520 |
|
Trade creditors |
813 |
|
2,147 |
|
Taxation and social security costs |
28,510 |
|
13,260 |
|
Other creditors |
74,454 |
|
37,606 |
|
|
|
|
|
|
207,522 |
|
190,533 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
K Bainbridge |
|
Directors loan account |
20,092 |
|
(60,908) |
|
85,306 |
|
44,490 |
|
|
|
20,092 |
|
(60,908) |
|
85,306 |
|
44,490 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Controlling party |
|
|
The Company was controlled by the Director. |
|
|
| 9 |
Other information |
|
|
G.B.U Hire Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
|
4 High Street |
|
Stanley |
|
Co Durham |
|
DH9 0DQ |