1 January 2025 false No description of principal activity Taxfiler 2024.6 13814719business:PrivateLimitedCompanyLtd2025-01-012025-03-31 138147192024-12-31 138147192025-01-012025-03-31 13814719business:AuditExempt-NoAccountantsReport2025-01-012025-03-31 13814719business:FilletedAccounts2025-01-012025-03-31 138147192025-03-31 13814719business:Director12025-01-012025-03-31 13814719business:RegisteredOffice2025-01-012025-03-31 138147192024-12-31 13814719core:WithinOneYear2025-03-31 13814719core:WithinOneYear2024-12-31 13814719core:AfterOneYear2025-03-31 13814719core:AfterOneYear2024-12-31 13814719core:ShareCapitalcore:PreviouslyStatedAmount2025-03-31 13814719core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 13814719core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-03-31 13814719core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 13814719core:PreviouslyStatedAmount2025-03-31 13814719core:PreviouslyStatedAmount2024-12-31 13814719business:SmallEntities2025-01-012025-03-31 13814719countries:EnglandWales2025-01-012025-03-31 13814719core:PlantMachinery2024-12-31 13814719core:MotorVehicles2024-12-31 13814719core:PlantMachinery2025-01-012025-03-31 13814719core:MotorVehicles2025-01-012025-03-31 13814719core:PlantMachinery2025-03-31 13814719core:MotorVehicles2025-03-31 138147192024-01-012024-12-31 iso4217:GBP xbrli:pure
Company Registration No. 13814719 (England and Wales)
Asset Hire Ltd Unaudited accounts for the period from 1 January 2025 to 31 March 2025
Asset Hire Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Asset Hire Ltd Company Information for the period from 1 January 2025 to 31 March 2025
Director
Paul Carr
Company Number
13814719 (England and Wales)
Registered Office
First Avenue Abacus House Southampton SO15 OLJ
Accountants
Cranleys Chartered Accountants Winton House Winton Square Basingstoke Hampshire RG21 8EN
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Asset Hire Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,722,213 
1,744,351 
Current assets
Debtors
5
202,808 
604,821 
Cash at bank and in hand
384,859 
43,659 
587,667 
648,480 
Creditors: amounts falling due within one year
6
(1,369,475)
(1,492,288)
Net current liabilities
(781,808)
(843,808)
Total assets less current liabilities
940,405 
900,543 
Creditors: amounts falling due after more than one year
7
(261,000)
(201,000)
Net assets
679,405 
699,543 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
679,404 
699,542 
Shareholders' funds
679,405 
699,543 
For the period ending 31 March 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 October 2025 and were signed on its behalf by
Paul Carr Director Company Registration No. 13814719
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Asset Hire Ltd Notes to the Accounts for the period from 1 January 2025 to 31 March 2025
1
Statutory information
Asset Hire Ltd is a private company, limited by shares, registered in England and Wales, registration number 13814719. The registered office is First Avenue, Abacus House, Southampton, SO15 OLJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2025
595,813 
2,690,375 
3,286,188 
Additions
206,022 
- 
206,022 
Disposals
- 
(72,339)
(72,339)
At 31 March 2025
801,835 
2,618,036 
3,419,871 
Depreciation
At 1 January 2025
273,905 
1,267,932 
1,541,837 
Charge for the period
33,707 
170,163 
203,870 
On disposals
- 
(48,049)
(48,049)
At 31 March 2025
307,612 
1,390,046 
1,697,658 
Net book value
At 31 March 2025
494,223 
1,227,990 
1,722,213 
At 31 December 2024
321,908 
1,422,443 
1,744,351 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
183,324 
159,821 
Other debtors
19,484 
445,000 
202,808 
604,821 
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Asset Hire Ltd Notes to the Accounts for the period from 1 January 2025 to 31 March 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
1,250,909 
1,367,930 
VAT
- 
31,847 
Trade creditors
30,523 
6,538 
Taxes and social security
82,613 
82,613 
Accruals
5,430 
3,360 
1,369,475 
1,492,288 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Other creditors
261,000 
201,000 
8
Transactions with related parties
The related party are Mr Paul Carr by virtue of directorship and shareholding. During the financial year, a loan of £400,000 was extended to a director. A total of £400,00 was fully repaid within 9 months by 30 September 2024.
9
Average number of employees
During the period the average number of employees was 0 (2024: 0).
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