Hire Access Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09016469

HIRE ACCESS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

HIRE ACCESS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 7

HIRE ACCESS LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		450,537	401,211

Current assets

Debtors	6	141,570	148,304
Cash at bank and in hand		176,806	92,054
		---------	---------
		318,376	240,358

Creditors: amounts falling due within one year	7	92,859		67,081
		---------		---------
Net current assets			225,517	173,277
			---------	---------
Total assets less current liabilities			676,054	574,488

Creditors: amounts falling due after more than one year	8		29,082	–

Provisions

Taxation including deferred tax	113,690	100,303
	---------	---------
Net assets	533,282	474,185
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	533,182	474,085
	---------	---------
Shareholders funds	533,282	474,185
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

HIRE ACCESS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 10 December 2025 , and are signed on behalf of the board by:

Mr A N Bangle	Ms G Rutter
Director	Director

Company registration number: 09016469

HIRE ACCESS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Numeric House, 98 Station Road, Sidcup, Kent, DA15 7BY, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Debtors

Debtors are initially recorded at fair value and are assessed for impairment at each reporting date. If any impairments exist the debtors are remeasured to the present value of the expected future cash inflows.

Creditors

Creditors are initially recorded at fair value and are then remeasured to the present value of the expected future cash outflows.

Statement of cash flows

The company has taken advantage of the small companies exemptions and not prepared a statement of cash flows.

Judgements and key sources of estimation uncertainty

There are no significant estimates or assumptions made that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Revenue recognition

Revenue refers to the amounts earned from the Company's principal activity; that of renting & leasing of construction and civil engineering equipment. The revenue shown in the income statement represents amounts invoiced during the year, exclusive of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	15 years straight line
Fixtures & Fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Website	-	25% reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. 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 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 profit or loss in the period it arises.

Financial instruments

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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 11 (2024: 12 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	570,975	856	127,819	7,360	707,010
Additions	33,163	–	80,990	–	114,153
Disposals	( 15,277)	–	( 38,665)	–	( 53,942)
	---------	----	---------	-------	---------
At 31 March 2025	588,861	856	170,144	7,360	767,221
	---------	----	---------	-------	---------
Depreciation
At 1 April 2024	201,576	429	98,034	5,760	305,799
Charge for the year	38,203	95	15,951	400	54,649
Disposals	( 10,036)	–	( 33,728)	–	( 43,764)
	---------	----	---------	-------	---------
At 31 March 2025	229,743	524	80,257	6,160	316,684
	---------	----	---------	-------	---------
Carrying amount
At 31 March 2025	359,118	332	89,887	1,200	450,537
	---------	----	---------	-------	---------
At 31 March 2024	369,399	427	29,785	1,600	401,211
	---------	----	---------	-------	---------

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Plant and machinery	Motor vehicles	Total
	£	£	£
At 31 March 2025	–	57,548	57,548
	----	--------	--------
At 31 March 2024	43,043	–	43,043
	--------	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	129,579	128,516
Other debtors	11,991	19,788
	---------	---------
	141,570	148,304
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	33,279	25,267
Amounts owed to group undertakings and undertakings in which the company has a participating interest	2,776	2,829
Corporation tax	6,931	–
Social security and other taxes	17,755	19,686
Other creditors	32,118	19,299
	--------	--------
	92,859	67,081
	--------	--------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	29,082	–
	--------	----