Registration number: 12583559

Hotspur Hire Ltd

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 8

Hotspur Hire Ltd

Company Information

Director

Mr Philip Robert Patrick Green

Registered office

Commercial Yard Watling Street Dunstable Bedfordshire LU6 3QP

Accountants

Smith-Milne & Co. Limited Chartered Certified Accountants23 Church Street Rickmansworth Hertfordshire WD3 1DE

Hotspur Hire Ltd

(Registration number: 12583559)
Abridged Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	551,469	418,223
Current assets
Debtors		63,781	48,652
Cash at bank and in hand		12,623	12,851
		76,404	61,503
Prepayments and accrued income		-	5,000
Creditors: Amounts falling due within one year		(234,294)	(184,280)
Net current liabilities		(157,890)	(117,777)
Total assets less current liabilities		393,579	300,446
Creditors: Amounts falling due after more than one year		(310,943)	(266,841)
Accruals and deferred income		(3,675)	(3,500)
Net assets		78,961	30,105
Capital and reserves
Called up share capital	5	2	2
Retained earnings		78,959	30,103
Shareholders' funds		78,961	30,105

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

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 July 2025
 

Hotspur Hire Ltd

(Registration number: 12583559)
Abridged Balance Sheet as at 31 May 2025

......................................... Mr Philip Robert Patrick Green Director

Hotspur Hire Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Commercial Yard
Watling Street
Dunstable
Bedfordshire
LU6 3QP

These financial statements were authorised for issue by the director on 17 July 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance
Plant and machinery	25% reducing balance

Hotspur Hire Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

Office Equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Hotspur Hire Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2024 - 2).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 June 2024	-	127,199	637,538	764,737
Additions	51,761	6,726	243,764	302,251
Disposals	-	-	(3,850)	(3,850)
At 31 May 2025	51,761	133,925	877,452	1,063,138
Depreciation
At 1 June 2024	-	57,669	288,845	346,514
Charge for the year	-	19,688	147,152	166,840
Eliminated on disposal	-	-	(1,685)	(1,685)
At 31 May 2025	-	77,357	434,312	511,669
Carrying amount
At 31 May 2025	51,761	56,568	443,140	551,469
At 31 May 2024	-	69,530	348,693	418,223

Included within the net book value of land and buildings above is £51,761 (2024 - £Nil) in respect of freehold land and buildings.
 

5	Share capital

Allotted, called up and fully paid shares

Hotspur Hire Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

	2025		2024
	No.	£	No.	£
Share capital of £1 each	2	2	2	2

6

Dividends

		2025		2024
		£		£
Interim dividend of £Nil (2024 - £16,357.95) per ordinary share		30,100		32,716

7	Related party transactions

Hotspur Hire Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	9,679	9,100