Company Registration No. 12284495 (England and Wales)
One Point Hire and Sales Ltd
Unaudited accounts
for the year ended 31 October 2025
One Point Hire and Sales Ltd
Unaudited accounts
Contents
One Point Hire and Sales Ltd
Company Information
for the year ended 31 October 2025
Directors
Mr M K Glass
Mr R J Rooke
Mr M C Widdicombe
Company Number
12284495 (England and Wales)
Registered Office
3 Richmond Walk
Unit D
Plymouth
Devon
PL1 4LL
Accountants
Blackwell Bate Chartered Accountants & Tax Advisors
Brunel Court
122 Fore Street
Saltash
Cornwall
PL12 6JW
One Point Hire and Sales Ltd
Statement of financial position
as at 31 October 2025
Tangible assets
392,590
393,951
Cash at bank and in hand
90,158
117,170
Creditors: amounts falling due within one year
(272,310)
(209,136)
Net current (liabilities)/assets
(12,483)
46,653
Total assets less current liabilities
380,107
440,604
Creditors: amounts falling due after more than one year
(57,562)
(83,797)
Provisions for liabilities
Deferred tax
(98,148)
(90,528)
Net assets
224,397
266,279
Called up share capital
3
3
Profit and loss account
224,394
266,276
Shareholders' funds
224,397
266,279
For the year ending 31 October 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 27 May 2026 and were signed on its behalf by
Mr M C Widdicombe
Director
Company Registration No. 12284495
One Point Hire and Sales Ltd
Notes to the Accounts
for the year ended 31 October 2025
One Point Hire and Sales Ltd is a private company, limited by shares, registered in England and Wales, registration number 12284495. The registered office is 3 Richmond Walk, Unit D, Plymouth, Devon, PL1 4LL.
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.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
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% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
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.
One Point Hire and Sales Ltd
Notes to the Accounts
for the year ended 31 October 2025
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2024
593,776
600
9,444
6,747
610,567
Additions
100,166
-
2,391
456
103,013
Disposals
(241)
(600)
-
-
(841)
At 31 October 2025
693,701
-
11,835
7,203
712,739
At 1 November 2024
207,910
449
3,689
4,568
216,616
Charge for the year
101,729
1
1,771
586
104,087
On disposals
(104)
(450)
-
-
(554)
At 31 October 2025
309,535
-
5,460
5,154
320,149
At 31 October 2025
384,166
-
6,375
2,049
392,590
At 31 October 2024
385,866
151
5,755
2,179
393,951
Amounts falling due within one year
Trade debtors
165,038
132,808
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
6,067
10,000
Obligations under finance leases and hire purchase contracts
41,123
51,852
Trade creditors
136,659
75,159
Taxes and social security
66,939
60,577
Other creditors
21,522
11,548
One Point Hire and Sales Ltd
Notes to the Accounts
for the year ended 31 October 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
36,987
77,963
8
Average number of employees
During the year the average number of employees was 8 (2024: 6).