Registration number: 02181148

J.B. Tool Hire Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

J.B. Tool Hire Limited

Company Information

Directors

J. A. Botterill J. Botterill S. Cox P. Botterill

Registered office

Comet Way Hermitage Industrial Estate Coalville Leicestershire LE67 3FS

Accountants

Robert Whowell & Partners LLP Chartered AccountantsWestwood House 78 Loughborough Road Quorn Loughborough Leicestershire LE12 8DX

J.B. Tool Hire Limited

(Registration number: 02181148)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	7,079,902	5,795,844
Current assets
Stocks	5	16,612	16,413
Debtors	6	1,241,437	979,652
Cash at bank and in hand		3,096	7,383
		1,261,145	1,003,448
Creditors: Amounts falling due within one year	7	(2,544,284)	(2,005,679)
Net current liabilities		(1,283,139)	(1,002,231)
Total assets less current liabilities		5,796,763	4,793,613
Creditors: Amounts falling due after more than one year	7	(2,406,041)	(1,379,748)
Provisions for liabilities		(510,027)	(449,317)
Net assets		2,880,695	2,964,548
Capital and reserves
Called up share capital	8	100	100
Retained earnings		2,880,595	2,964,448
Shareholders' funds		2,880,695	2,964,548

J.B. Tool Hire Limited

(Registration number: 02181148)
Balance Sheet as at 31 March 2026

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 May 2026 and signed on its behalf by:
 

......................................... J. A. Botterill Director

J.B. Tool Hire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

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

The address of its registered office is:
Comet Way
Hermitage Industrial Estate
Coalville
Leicestershire
LE67 3FS

These financial statements were authorised for issue by the Board on 15 May 2026.

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 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 financial statements have been prepared using the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis.

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 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.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

J.B. Tool Hire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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 over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold properties	straight line over the life of the lease
Fixtures, fittings and equipment	25% reducing balance
Motor vehicles	15% - 25% straight line
Plant and machinery	12.5% - 25% straight line

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 debtors.

J.B. Tool Hire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods comprises direct materials. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in the profit and loss account.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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 are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the useful life of the asset. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

J.B. Tool Hire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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.

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 directors) during the year, was 43 (2025 - 38).

J.B. Tool Hire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4	Tangible assets

	Leasehold properties £	Fixtures, fittings and equipment  £	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 1 April 2025	364,612	248,595	1,239,363	12,778,364	14,630,934
Additions	-	-	208,337	2,787,022	2,995,359
Disposals	-	-	(163,116)	(1,500,756)	(1,663,872)
At 31 March 2026	364,612	248,595	1,284,584	14,064,630	15,962,421
Depreciation
At 1 April 2025	109,837	201,251	748,060	7,775,942	8,835,090
Charge for the year	4,908	8,267	219,549	1,083,807	1,316,531
Eliminated on disposal	-	-	(86,115)	(1,182,987)	(1,269,102)
At 31 March 2026	114,745	209,518	881,494	7,676,762	8,882,519
Carrying amount
At 31 March 2026	249,867	39,077	403,090	6,387,868	7,079,902
At 31 March 2025	254,775	47,344	491,303	5,002,422	5,795,844

5

Stocks

	2026 £	2025 £
Goods for resale	16,612	16,413

6

Debtors

Current	2026 £	2025 £
Trade debtors	1,091,151	812,194
Prepayments	150,286	167,458
	1,241,437	979,652

J.B. Tool Hire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	9	1,742,653	1,099,527
Trade creditors		427,893	600,746
Taxation and social security		63,128	82,672
Accruals and deferred income		211,281	139,540
Other creditors		99,329	83,194
		2,544,284	2,005,679

Creditors include bank loans, overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £1,742,653 (2025 - £1,099,527).

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	9	2,406,041	1,379,748

Creditors include bank loans and net obligations under finance lease and hire purchase contracts which are secured of £2,406,041 (2025 - £1,379,748).

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

J.B. Tool Hire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

9	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	4,282	25,325
Hire purchase contracts	2,401,759	1,354,423
	2,406,041	1,379,748

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	20,400	20,000
Bank overdrafts	372,762	58,290
Hire purchase contracts	1,349,491	1,021,237
	1,742,653	1,099,527