NC Hires Limited - Filleted accounts

NC Hires Limited
Registered number:		11364663
Statement of Financial Position
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		35,140			32,915

Current assets
Stocks		3,000			4,000
Debtors	4	36,491			29,691
Cash at bank and in hand		-			1,214
		39,491			34,905

Creditors: amounts falling due within one year	5	(64,944)			(38,391)

Net current liabilities			(25,453)			(3,486)

Total assets less current liabilities			9,687			29,429

Creditors: amounts falling due after more than one year	6		(3,009)			(3,705)

Provisions for liabilities			(6,677)			(6,254)


Net assets			1			19,470

Capital and reserves
Called up share capital			1			1
Profit and loss account			-			19,469

Shareholder's funds			1			19,470

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




N Casey
Director
Approved by the board on 15 January 2026

NC Hires Limited
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			15% reducing balance

	Inventories
	Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

2	Employees and directors					2025		2024
Number							Number

	Average number of directors and persons employed by the company					1		1


3	Tangible fixed assets
								Plant and machinery etc
£
	Cost
	At 1 June 2024							59,760
	Additions							8,426
	At 31 May 2025							68,186

	Depreciation
	At 1 June 2024							26,845
	Charge for the year							6,201
	At 31 May 2025							33,046

	Net book value
	At 31 May 2025							35,140
	At 31 May 2024							32,915


4	Debtors					2025		2024
£							£

	Trade debtors					28,098		11,062
	Other debtors					8,393		18,629
						36,491		29,691


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					6,802		716
	Trade creditors					6,414		7,831
	Accruals					1,453		1,358
	Corporation tax					3,599		739
	Other taxes and social security costs					40,673		25,551
	Other creditors					6,003		2,196
						64,944		38,391


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					3,009		3,705


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	N Casey
	Repayable on demand	18,629		8,393		18,629		8,393

		18,629		8,393		18,629		8,393


8	Other information

	NC Hires Limited is a private company limited by shares and incorporated in England. Its registered office is:
	269 Farnborough Road
	Farnborough
	Hampshire
	GU14 7LY