SHIRE TOILET HIRE LIMITED


Director	Mr P R Breen


Registered Address	12 Tentercroft Street
	Lincoln
	LN5 7DB


Place of Business	Fen Farm
	Scarborough Bank, Stickford
	Boston
	PE22 8DR


Registered Number	09545773 (England and Wales)

Notes to the Financial Statements
for the year ended 30 April 2026

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Revenue from sale of goods
	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 sales/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.

Revenue from sale of goods

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 sales/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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	The company depreciates all fixed assets at variable rates based upon the expected life of each asset, down to a residual value. Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets at the following annual rates, although where the company carries out substantial repair and refurbishment costs to its existing asset base, the rates can vary so as to recognise refurbished assets at a fair market value.

Tangible fixed assets and depreciation

The company depreciates all fixed assets at variable rates based upon the expected life of each asset, down to a residual value.

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets at the following annual rates, although where the company carries out substantial repair and refurbishment costs to its existing asset base, the rates can vary so as to recognise refurbished assets at a fair market value.


	Reducing balance (%)	Straight line (years)
Land and buildings	10	50
Plant and machinery	-	20
Vehicles	25	-
Office Equipment	-	10

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice 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.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice 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.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice 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.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	19		17

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 May 25	128,866	4,792,446	937,906	24,257	5,883,475
Additions	23,110	998,735	434,747	472	1,457,064
Disposals	-	(24,730)	-	-	(24,730)
At 30 April 26	151,976	5,766,451	1,372,653	24,729	7,315,809
Depreciation and impairment
At 01 May 25	14,722	1,415,101	519,482	7,018	1,956,323
Charge for year	6,549	267,267	65,731	2,402	341,949
On disposals	-	(15,009)	-	-	(15,009)
At 30 April 26	21,271	1,667,359	585,213	9,420	2,283,263
Net book value
At 30 April 26	130,705	4,099,092	787,440	15,309	5,032,546
At 30 April 25	114,144	3,377,345	418,424	17,239	3,927,152


	Included within the net book value of land and buildings above is £10,705 (2025 - £114,144) in respect of freehold land and buildings and tenant improvements.

4.	Stocks

	2026	2025
	£	£
Other stocks	128,420	136,264
Total	128,420	136,264

5.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	442,153	439,180
Other debtors	329,968	231,665
Prepayments and accrued income	-	4,691
Total	772,121	675,536

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	96,843	134,783
Bank borrowings and overdrafts	6,304	60,485
Taxation and social security	92,927	42,483
Finance lease and HP contracts	645,286	455,381
Other creditors	114,614	185,065
Accrued liabilities and deferred income	5,502	16,782
Total	961,476	894,979


	Creditors include bank loans and overdrafts and net obligations under hire purchase contracts which are secured of £651,590 (2025 - £515,866). Obligations under hire purchase contracts are secured on the related asset. Included in other creditors is an amount of £114,186 (2025 - £183,765) in relation to an invoice finance facility, which is secured.

7.	Creditors: amounts due after one year

	2026	2025
	£	£
Other creditors	1,432,978	817,633
Total	1,432,978	817,633


	Creditors include bank loans and overdrafts and net obligations under hire purchase contracts which are secured of £1,432,978 (2025 - £817,633). Obligations under hire purchase contracts are secured on the related asset.

8.	Obligations under finance leases

		2026		2025
		£		£
	Finance lease and HP contracts	2,078,263		1,273,013

9.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	969,227	823,408
Total	969,227	823,408

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		5,032,546		3,927,152
			5,032,546		3,927,152
Current assets
Stocks	4	128,420		136,264
Debtors	5	772,121		675,536
Cash at bank and on hand		73,895		43,612
		974,436		855,412
Creditors amounts falling due within one year	6	(961,476)		(894,979)
Net current assets (liabilities)			12,960		(39,567)
Total assets less current liabilities			5,045,506		3,887,585
Creditors amounts falling due after one year	7		(1,432,978)		(817,633)
Provisions for liabilities	9		(969,227)		(823,408)
Net assets			2,643,301		2,246,544
Capital and reserves
Called up share capital			100		100
Profit and loss account			2,643,201		2,246,444
Shareholders' funds			2,643,301		2,246,544