Acorah Software Products - Accounts Production 16.6.950 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 01694233 Mr Michael Harris Mr Steven James iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01694233 2024-02-29 01694233 2025-02-28 01694233 2024-03-01 2025-02-28 01694233 frs-core:CurrentFinancialInstruments 2025-02-28 01694233 frs-core:Non-currentFinancialInstruments 2025-02-28 01694233 frs-core:MotorVehicles 2025-02-28 01694233 frs-core:MotorVehicles 2024-03-01 2025-02-28 01694233 frs-core:MotorVehicles 2024-02-29 01694233 frs-core:PlantMachinery 2025-02-28 01694233 frs-core:PlantMachinery 2024-03-01 2025-02-28 01694233 frs-core:PlantMachinery 2024-02-29 01694233 frs-core:ShareCapital 2025-02-28 01694233 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 01694233 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 01694233 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 01694233 frs-bus:SmallEntities 2024-03-01 2025-02-28 01694233 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 01694233 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 01694233 frs-bus:Director1 2024-03-01 2025-02-28 01694233 frs-bus:Director2 2024-03-01 2025-02-28 01694233 frs-countries:EnglandWales 2024-03-01 2025-02-28 01694233 2023-02-28 01694233 2024-02-29 01694233 2023-03-01 2024-02-29 01694233 frs-core:CurrentFinancialInstruments 2024-02-29 01694233 frs-core:Non-currentFinancialInstruments 2024-02-29 01694233 frs-core:ShareCapital 2024-02-29 01694233 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 01694233
U-Hire (Equipment and Sales) Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 01694233
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,068,616 1,052,580
1,068,616 1,052,580
CURRENT ASSETS
Stocks 5 32,652 7,484
Debtors 6 110,526 136,979
Cash at bank and in hand 86,073 213,493
229,251 357,956
Creditors: Amounts Falling Due Within One Year 7 (251,189 ) (259,924 )
NET CURRENT ASSETS (LIABILITIES) (21,938 ) 98,032
TOTAL ASSETS LESS CURRENT LIABILITIES 1,046,678 1,150,612
Creditors: Amounts Falling Due After More Than One Year 8 (28,206 ) (29,460 )
NET ASSETS 1,018,472 1,121,152
CAPITAL AND RESERVES
Called up share capital 9 106 106
Profit and Loss Account 1,018,366 1,121,046
SHAREHOLDERS' FUNDS 1,018,472 1,121,152
Page 1
Page 2
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 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 Michael Harris
Director
27/11/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
U-Hire (Equipment and Sales) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01694233 . The registered office is Unit 6, Waun-Y-Pound Industrial Estate, Ebbw Vale, Gwent, NP23 6PL.
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 Variable rates on reducing balance
Motor Vehicles Variabale rates on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress 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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2024: 11)
11 11
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 March 2024 1,137,077 195,526 1,332,603
Additions 42,934 - 42,934
As at 28 February 2025 1,180,011 195,526 1,375,537
Depreciation
As at 1 March 2024 93,989 186,034 280,023
Provided during the period 25,000 1,898 26,898
As at 28 February 2025 118,989 187,932 306,921
...CONTINUED
Page 3
Page 4
Net Book Value
As at 28 February 2025 1,061,022 7,594 1,068,616
As at 1 March 2024 1,043,088 9,492 1,052,580
5. Stocks
2025 2024
£ £
Stock 32,652 7,484
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 101,169 136,979
Other debtors 9,357 -
110,526 136,979
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 65,405 46,891
Bank loans and overdrafts 48,307 68,509
Other creditors 87,500 97,174
Taxation and social security 49,977 47,350
251,189 259,924
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 28,206 29,460
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 106 106
Page 4