Company Registration No. 04628012 (England and Wales)
Inkerman Hire Services Ltd
Unaudited accounts
for the year ended 31 December 2024
Inkerman Hire Services Ltd
Unaudited accounts
Contents
Inkerman Hire Services Ltd
Company Information
for the year ended 31 December 2024
Company Number
04628012 (England and Wales)
Registered Office
34 Oxted Green
Milford
Godalming
Surrey
GU8 5DE
England
Accountants
Tanners Tax Accountants
Steward House
14 Commercial Way
Woking
Surrey
GU21 6ET
Inkerman Hire Services Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
598,637
833,557
Cash at bank and in hand
71,336
39,303
Creditors: amounts falling due within one year
(297,557)
(274,732)
Net current (liabilities)/assets
(103,172)
12,268
Total assets less current liabilities
495,465
845,825
Creditors: amounts falling due after more than one year
(346,509)
(518,098)
Net assets
148,956
327,727
Called up share capital
100
100
Profit and loss account
148,856
327,627
Shareholders' funds
148,956
327,727
For the year ending 31 December 2024 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 3 December 2025 and were signed on its behalf by
Charles Garnade
Director
Company Registration No. 04628012
Inkerman Hire Services Ltd
Notes to the Accounts
for the year ended 31 December 2024
Inkerman Hire Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 04628012. The registered office is 34 Oxted Green, Milford, Godalming, Surrey, GU8 5DE, England.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% on cost
Computer equipment
50% on cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inkerman Hire Services Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
1,527,015
285,407
63,944
1,876,366
Additions
49,246
72,547
-
121,793
Disposals
(222,090)
-
-
(222,090)
At 31 December 2024
1,354,171
357,954
63,944
1,776,069
At 1 January 2024
721,547
257,594
63,668
1,042,809
Charge for the year
148,308
33,609
165
182,082
On disposals
(47,459)
-
-
(47,459)
At 31 December 2024
822,396
291,203
63,833
1,177,432
At 31 December 2024
531,775
66,751
111
598,637
At 31 December 2023
805,468
27,813
276
833,557
Amounts falling due within one year
Trade debtors
116,687
230,597
Accrued income and prepayments
1,520
-
Other debtors
4,712
16,970
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
37,334
37,334
Obligations under finance leases and hire purchase contracts
87,672
162,201
Trade creditors
130,809
51,531
Taxes and social security
5,476
7,337
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
129,894
260,635
Loans from directors
177,116
180,629
Inkerman Hire Services Ltd
Notes to the Accounts
for the year ended 31 December 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).