REGISTERED NUMBER: 10199466 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

D & S TOOL HIRE LIMITED

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

11

DIRECTOR:

Mr D J Jeffery

REGISTERED OFFICE:

First Floor North

40 Oxford Road

High Wycombe

Buckinghamshire

HP11 2EE

REGISTERED NUMBER:

10199466 (England and Wales)

ACCOUNTANTS:

Seymour Taylor Limited

First Floor North

40 Oxford Road

High Wycombe

Buckinghamshire

HP11 2EE

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of D & S Tool Hire Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of D & S Tool Hire Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of D & S Tool Hire Limited and state those matters that we have agreed to state to the director of D & S Tool Hire Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D & S Tool Hire Limited and its director for our work or for this report.

It is your duty to ensure that D & S Tool Hire Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of D & S Tool Hire Limited. You consider that D & S Tool Hire Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of D & S Tool Hire Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Seymour Taylor Limited

First Floor North

40 Oxford Road

High Wycombe

Buckinghamshire

HP11 2EE

2 December 2025

FIXED ASSETS

Intangible assets

4

35,000

70,000

Tangible assets

5

273,873

362,660

308,873

432,660

CURRENT ASSETS

Debtors

6

91,821

27,668

Cash in hand

5,502

-

97,323

27,668

CREDITORS

Amounts falling due within one year

7

294,937

202,576

NET CURRENT LIABILITIES

(197,614

)

(174,908

)

TOTAL ASSETS LESS CURRENT LIABILITIES

111,259

257,752

CREDITORS

Amounts falling due after more than one year

8

(67,864

)

(157,112

)

PROVISIONS FOR LIABILITIES

10

(58,809

)

(79,748

)

NET (LIABILITIES)/ASSETS

(15,414

)

20,892

CAPITAL AND RESERVES

Called up share capital

11

2

2

Retained earnings

12

(15,416

)

20,890

SHAREHOLDERS' FUNDS

(15,414

)

20,892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 December 2025 and were signed by:

Mr D J Jeffery - Director

1.	STATUTORY INFORMATION

D&S Tool Hire Limited is a private company limited by shares and incorporated in England and Wales. The address of the company's registered office is First Floor North, 40 Oxford Road, High Wycombe, Buckinghamshire, HP11 2EE. The registered number is 10199466.

The presentation currency of these financial statements is Sterling (£), being the currency of the primary economic market in which the entity operates (its functional currency). All amounts in these financial statements have been rounded to the nearest pound unless stated otherwise.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The directors have assessed expected future cashflows, giving due consideration to all relevant factors affecting the company. The directors have considered the potential impact on the company as well as its capital resources and believe that the company has adequate resources in place to continue in operation for at least twelve months from the date of approval of the financial statements.

Although at the statement of financial position date the company had net current liabilities of £197,614 (2024: £174,908) and net liabilities of £15,414 (2024: Net assets of £20,892), the directors believe it is appropriate for the financial statements to be prepared on the going concern basis as the company is able to rely on the support of its shareholders.

Turnover

Turnover is measured at the fair value of consideration received or receivable for goods and or services provided, net of value added tax.

Goodwill

Goodwill arising on the incorporation of the previous sole trade business is capitalised, classified as an asset at the statement of financial position date and amortised on a straight line basis over its estimated useful life. The period chosen for the amortisation of goodwill is 10 years and the reason for choosing this as the useful economic life is that the director considered this to be the approximate life of any customer list(s).

The directors review for impairment annually and subsequently a provision is recognised if required.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

The company assesses at each reporting date whether tangible fixed assets are impaired.

Depreciation

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimate useful life:

Freehold property

-

straight line - 10%

Plant and machinery

-

reducing balance - 20%

Furniture, fittings and equipment

-

reducing balance - 20%

Motor vehicles

-

reducing balance - 20%

Computer equipment

-

straight line - 33%

Depreciation methods, useful lives and residual values are reviewed if there is an indication of a significant change since the last annual reporting date in the pattern by which the company expects to consume an asset's future economic benefits.

Financial instruments

The company has applied the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instrument Issues" of FRS 102 to its financial statements.

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation

Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the income statement except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the statement of financial position date, and any adjustment to tax payable in respect of previous years.

Deferred tax

Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Differences between accumulated depreciation and tax allowances for the cost of a fixed asset, if and when all conditions for retaining the tax allowances have been met, are not provided for. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the statement of financial position date. Deferred tax balances are not discounted.

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 acquired and held under finance lease or hire purchase contracts are capitalised in the statement of financial position. Those held under finance leases are depreciated over the shorter of the lease term and the estimated useful life of the asset. Those held under hire purchase contracts are depreciated over the estimated useful life of the asset.

Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligation, exclusive of finances charges allocated to future periods, is recognised as a liability with the finance element charged to the income statement over the relevant period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits 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 for the benefit of its employees. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Loans and borrowings

Interest-bearing loans and borrowings are recognised initially at the present value of future payments discounted at a market rate of interest. Subsequent to initial recognition, interest-bearing borrowings are stated at amortised cost using the effective interest method, less any impairment losses.

Loans and borrowing that are due within one year are not discounted to present value.

Provisions

Provisions are recognised when the company has a legal or constructive obligation at the statement of financial position date as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and the amount can be reliably estimated. Provisions are recognised as a liability in the statement of financial position and the relevant amount included as an expense in the income statement.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision or contingency is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in the profit or loss account in the period it arises.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

350,000

AMORTISATION

At 1 April 2024

280,000

Amortisation for year

35,000

At 31 March 2025

315,000

NET BOOK VALUE

At 31 March 2025

35,000

At 31 March 2024

70,000

5.	TANGIBLE FIXED ASSETS

Furniture,

fittings

Freehold

Plant and

and

property

machinery

equipment

£

£

£

COST

At 1 April 2024

29,379

458,672

10,824

Additions

-

8,200

-

Disposals

-

(46,100

)

-

At 31 March 2025

29,379

420,772

10,824

DEPRECIATION

At 1 April 2024

20,565

191,986

5,990

Charge for year

2,938

50,408

967

Eliminated on disposal

-

(23,252

)

-

At 31 March 2025

23,503

219,142

6,957

NET BOOK VALUE

At 31 March 2025

5,876

201,630

3,867

At 31 March 2024

8,814

266,686

4,834

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

176,275

4,490

679,640

Additions

-

-

8,200

Disposals

(23,130

)

-

(69,230

)

At 31 March 2025

153,145

4,490

618,610

DEPRECIATION

At 1 April 2024

94,270

4,169

316,980

Charge for year

16,401

321

71,035

Eliminated on disposal

(20,026

)

-

(43,278

)

At 31 March 2025

90,645

4,490

344,737

NET BOOK VALUE

At 31 March 2025

62,500

-

273,873

At 31 March 2024

82,005

321

362,660

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

323,650

130,015

453,665

Additions

8,200

-

8,200

Disposals

(31,850

)

-

(31,850

)

Transfer to ownership

-

(41,966

)

(41,966

)

At 31 March 2025

300,000

88,049

388,049

DEPRECIATION

At 1 April 2024

101,172

55,771

156,943

Charge for year

42,442

10,551

52,993

Eliminated on disposal

(13,380

)

-

(13,380

)

Transfer to ownership

-

(20,479

)

(20,479

)

At 31 March 2025

130,234

45,843

176,077

NET BOOK VALUE

At 31 March 2025

169,766

42,206

211,972

At 31 March 2024

222,478

74,244

296,722

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

14,571

13,870

Other debtors

77,250

13,798

91,821

27,668

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

61,415

18,507

Hire purchase contracts

84,122

116,373

Trade creditors

23,954

16,696

Taxation and social security

120,095

46,003

Other creditors

5,351

4,997

294,937

202,576

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

4,096

12,234

Hire purchase contracts

63,768

144,878

67,864

157,112

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

16,308

8,303

Bank loans

45,107

10,204

61,415

18,507

Amounts falling due between one and two years:

Bank loans - 1-2 years

4,096

10,463

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

1,771

Loans and borrowings include a Bounce Back Loan of £12,234(2024: £22,438). The government guarantees 100% of the loan, the interest is capped at 2.5% per year. Full repayment is required up to the end of the six-year term (after a one year payment-free period).

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

58,809

79,748

Deferred

tax

£

Balance at 1 April 2024

79,748

Provided during year

(20,939

)

Balance at 31 March 2025

58,809

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

2

2

12.

RESERVES

Retained

earnings

£

At 1 April 2024

20,890

Deficit for the year

(31,306

)

Dividends

(5,000

)

At 31 March 2025

(15,416

)

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr D J Jeffery

Balance outstanding at start of year

4,958

4,377

Amounts advanced

44,702

29,579

Amounts repaid

(5,612

)

(28,998

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

44,048

4,958

Interest has been charged at the HMRC official rate of interest and the loan is repayable on demand.