REGISTERED NUMBER: 01979614 (England and Wales)

Hireport Limited

Financial Statements

for the Year Ended 30 November 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M L Batty

Mrs K R Murrell

Mr D T Shidlow

REGISTERED OFFICE:

Waldorf House

Waldorf Way

Wakefield

West Yorkshire

WF2 8DH

REGISTERED NUMBER:

01979614 (England and Wales)

ACCOUNTANTS:

SMH Jolliffe Cork Ltd

Accountants & Business Advisors

33 George Street

Wakefield

West Yorkshire

WF1 1LX

FIXED ASSETS

Tangible assets

4

692,222

729,055

CURRENT ASSETS

Stocks

513,819

565,545

Debtors

5

513,357

492,556

Cash at bank and in hand

1,852,287

1,553,518

2,879,463

2,611,619

CREDITORS

Amounts falling due within one year

6

395,947

682,844

NET CURRENT ASSETS

2,483,516

1,928,775

TOTAL ASSETS LESS CURRENT LIABILITIES

3,175,738

2,657,830

PROVISIONS FOR LIABILITIES

81,118

86,451

NET ASSETS

3,094,620

2,571,379

CAPITAL AND RESERVES

Called up share capital

8

26

25

Revaluation reserve

423,551

423,551

Capital redemption reserve

75

75

Retained earnings

2,670,968

2,147,728

SHAREHOLDERS' FUNDS

3,094,620

2,571,379

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2026 and were signed on its behalf by:

Mrs K R Murrell - Director

Mr M L Batty - Director

Mr D T Shidlow - Director

1.	STATUTORY INFORMATION

Hireport 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.

The functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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.

Income from the sale of storage systems is invoiced upon the receipt of the order and recognised as a sale when the goods are despatched to or collected by the customer.

In respect of the provision of storage, the invoice is raised (and the sale recognised) at the end of the month for the storage provided in that month.

Tangible fixed assets

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

Freehold property

-

2% on cost

Leasehold improvements

-

Over the term of the lease

Plant and machinery

-

20% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

Fixed assets are initially recorded at cost.

The freehold property was valued on the basis of fair value prior to the transition to FRS 102.The company has followed the transitional arrangements of FRS 102 and the valuation has not been updated.

Fair value has been determined by the directors having taken the appropriate professional advice and based on similar properties in the local area.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits

The company contributes to the Directors personal pension schemes. Contributions payable to the personal pension schemes are charged to the profit and loss account in the period to which they relate.

The company also 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.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Leasehold

Plant and

property

improvements

machinery

£

£

£

COST

At 1 December 2024

775,000

10,729

30,933

Additions

-

-

8,983

At 30 November 2025

775,000

10,729

39,916

DEPRECIATION

At 1 December 2024

124,000

10,729

26,369

Charge for year

15,500

-

3,924

At 30 November 2025

139,500

10,729

30,293

NET BOOK VALUE

At 30 November 2025

635,500

-

9,623

At 30 November 2024

651,000

-

4,564

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 December 2024

29,759

119,305

965,726

Additions

1,383

-

10,366

At 30 November 2025

31,142

119,305

976,092

DEPRECIATION

At 1 December 2024

17,528

58,045

236,671

Charge for year

2,456

25,319

47,199

At 30 November 2025

19,984

83,364

283,870

NET BOOK VALUE

At 30 November 2025

11,158

35,941

692,222

At 30 November 2024

12,231

61,260

729,055

The freehold property was valued on the basis of fair value prior to the transition to FRS 102.The company has followed the transitional arrangements of FRS 102 and the valuation has not been updated.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

480,126

454,694

Provision for doubtful debts

(6,086

)

-

Prepayments and accrued income

39,317

37,862

513,357

492,556

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

134,700

154,894

Tax

71,566

367,425

Social security and other taxes

23,064

11,953

VAT

107,016

95,896

Other creditors

31,632

18,470

Accruals and deferred income

27,969

34,206

395,947

682,844

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

15,000

15,000

Between one and five years

60,000

60,000

In more than five years

80,000

59,250

155,000

134,250

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Nominal

2025

2024

Number:

Class:

value:

£

£

65

B Ordinary

10p

6.50

12.50

130

C Ordinary

10p

13.00

12.50

65

D Ordinary

10p

6.50

-

26.00

25.00

On 4 March 2025, 65 B ordinary shares were reclassified as 65 D ordinary shares.

In addition, an extra 5 class B ordinary shares and 5 class C ordinary shares were issued.

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £260,000 (2024 - £260,000) were paid to the directors .