PRIORITY HIRE LTD

Company Registration Number:
06992131 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

PRIORITY HIRE LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

PRIORITY HIRE LTD

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 8,316,782 7,542,586
Total fixed assets: 8,316,782 7,542,586
Current assets
Stocks: 35,000 68,500
Debtors:   678,006 848,428
Cash at bank and in hand: 13,231 88,707
Total current assets: 726,237 1,005,635
Creditors: amounts falling due within one year:   (2,151,156) (1,928,111)
Net current assets (liabilities): (1,424,919) (922,476)
Total assets less current liabilities: 6,891,863 6,620,110
Creditors: amounts falling due after more than one year:   (3,215,635) (3,324,063)
Provision for liabilities: (576,649) (553,372)
Total net assets (liabilities): 3,099,579 2,742,675
Capital and reserves
Called up share capital: 500,001 500,001
Profit and loss account: 2,599,578 2,242,674
Shareholders funds: 3,099,579 2,742,675

The notes form part of these financial statements

PRIORITY HIRE LTD

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 December 2025
and signed on behalf of the board by:

Name: L Chandler
Status: Director

The notes form part of these financial statements

PRIORITY HIRE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PRIORITY HIRE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

PRIORITY HIRE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 11,800,197
Additions 2,034,350
Disposals (515,616)
At 31 December 2024 13,318,931
Depreciation
At 01 January 2024 4,257,611
Charge for year 952,153
On disposals (207,615)
At 31 December 2024 5,002,149
Net book value
At 31 December 2024 8,316,782
At 31 December 2023 7,542,586

Included in Fixed assets is a net value of £3,692,509 (2023: £3,083,649 held under hire purchase agreements.

PRIORITY HIRE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Related party transactions

Included within other creditors due within one year and after one year is an amount due to the Director of £1,730,465 (2023: £1,645,773). There is no fixed repayment date and interest is not being paid on the balance.