REGISTERED NUMBER: 03397977 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

C & R TOOL HIRE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C E Palmer

R S Stagg

SECRETARY:

L J Palmer

REGISTERED OFFICE:

322 Hertford Road

Edmonton

London

N9 7HB

REGISTERED NUMBER:

03397977 (England and Wales)

ACCOUNTANTS:

Northfield Management Services Limited

Cart Lodge

Harps Farm

Bedlars Green

Great Hallingbury

Hertfordshire

CM22 7TL

FIXED ASSETS

Tangible assets

4

111,995

124,657

CURRENT ASSETS

Stocks

8,000

10,000

Debtors

5

14,016

27,672

Cash at bank and in hand

249,551

220,506

271,567

258,178

CREDITORS

Amounts falling due within one year

6

83,709

83,884

NET CURRENT ASSETS

187,858

174,294

TOTAL ASSETS LESS CURRENT LIABILITIES

299,853

298,951

CREDITORS

Amounts falling due after more than one year

7

-

(7,567

)

PROVISIONS FOR LIABILITIES

(1,329

)

(3,134

)

NET ASSETS

298,524

288,250

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

298,522

288,248

SHAREHOLDERS' FUNDS

298,524

288,250

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2026 and were signed on its behalf by:

C E Palmer - Director

1.	STATUTORY INFORMATION

C & R Tool Hire Ltd 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.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the accounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of the estimation means that that the actual outcomes could differ from those estimates.

Turnover

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

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

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

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 only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-portable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic short-term financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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 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 leases

Rentals applicable to operating leases are charged to profit and loss account as incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2025

185,000

52,211

4,307

Disposals

-

(25,975

)

-

At 31 December 2025

185,000

26,236

4,307

DEPRECIATION

At 1 January 2025

76,158

45,457

4,307

Charge for year

3,842

6,559

-

Eliminated on disposal

-

(25,975

)

-

At 31 December 2025

80,000

26,041

4,307

NET BOOK VALUE

At 31 December 2025

105,000

195

-

At 31 December 2024

108,842

6,754

-

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

27,640

6,938

276,096

Disposals

-

-

(25,975

)

At 31 December 2025

27,640

6,938

250,121

DEPRECIATION

At 1 January 2025

18,740

6,777

151,439

Charge for year

2,220

41

12,662

Eliminated on disposal

-

-

(25,975

)

At 31 December 2025

20,960

6,818

138,126

NET BOOK VALUE

At 31 December 2025

6,680

120

111,995

At 31 December 2024

8,900

161

124,657

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

11,355

23,318

Prepayments and accrued income

2,661

4,354

14,016

27,672

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

7,905

10,648

Social Security and other tax

280

581

Tax

17,659

11,165

VAT

9,962

14,249

Other creditors

29,586

-

Directors' current accounts

15,418

39,651

Accrued expenses

2,899

7,590

83,709

83,884

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans - 2-5 years

-

7,567

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2