REGISTERED NUMBER: 11439517 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

DryAir Hire Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

T Christopher

D E Davies

Registered office:

Highoaks

Willow Street

Llangollen

LL20 8HH

Registered number:

11439517 (England and Wales)

Accountants:

Ellis & Co

Chartered Accountants

114-120 Northgate Street

Chester

CH1 2HT

Fixed assets

Tangible assets

4

16,143

76,390

Current assets

Debtors

5

83,002

4,547

Cash at bank

2,777

6,596

85,779

11,143

Creditors

Amounts falling due within one year

6

97,696

17,044

Net current liabilities

(11,917

)

(5,901

)

Total assets less current liabilities

4,226

70,489

Creditors

Amounts falling due after more than one year

7

-

(30,862

)

Provisions for liabilities

(4,036

)

(19,098

)

Net assets

190

20,529

Capital and reserves

Called up share capital

9

200

200

Retained earnings

(10

)

20,329

Shareholders' funds

190

20,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 May 2026 and were signed on its behalf by:

T Christopher - Director

1.	Statutory information

DryAir Hire Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Motor vehicles

-

25% reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 2 (2024 - 3 ) .

4.	Tangible fixed assets

Plant and

Motor

machinery

vehicles

Totals

£

£

£

Cost

At 1 January 2025

54,102

84,745

138,847

Additions

399

-

399

Disposals

-

(84,745

)

(84,745

)

At 31 December 2025

54,501

-

54,501

Depreciation

At 1 January 2025

30,130

32,327

62,457

Charge for year

8,228

-

8,228

Eliminated on disposal

-

(32,327

)

(32,327

)

At 31 December 2025

38,358

-

38,358

Net book value

At 31 December 2025

16,143

-

16,143

At 31 December 2024

23,972

52,418

76,390

5.

Debtors: amounts falling due within one year

31/12/25

31/12/24

£

£

Trade debtors

79,457

4,547

Other debtors

3,545

-

83,002

4,547

6.

Creditors: amounts falling due within one year

31/12/25

31/12/24

£

£

Hire purchase contracts

-

13,757

Trade creditors

48,601

845

Taxation and social security

27,638

1,027

Other creditors

21,457

1,415

97,696

17,044

7.

Creditors: amounts falling due after more than one year

31/12/25

31/12/24

£

£

Hire purchase contracts

-

30,162

Other loan

-

700

-

30,862

8.	Secured debts

The following secured debts are included within creditors:

31/12/25

31/12/24

£

£

Hire purchase contracts

-

43,919

Obligations under hire purchase contracts are secured on the underlying asset.

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/25

31/12/24

value:

£

£

100

Ordinary shares

£1

100

100

100

B Ordinary shares

£1

100

100

200

200

10.	Related party disclosures

The directors have made loans to the company. The balance on these loans at 31 December 2025 was £11,287 (2024 - £1,287). The loans are interest free, unsecured and repayable on demand.

11.	Transition from FRS 105

DryAir Hire Limited previously applied FRS 105 and was not required to recognise deferred tax. As a consequence of transitioning to FRS 102 the comparative balances have been restated to include deferred tax. The effect of this adjustment is that equity has been reduced by £19,098 at 1 January 2024.