REGISTERED NUMBER: 02485216 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Rarehire Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Tomlinson

SECRETARY:

Mrs L Tomlinson

REGISTERED OFFICE:

2 A Dinas Lane

Liverpool

Merseyside

L36 2NF

REGISTERED NUMBER:

02485216 (England and Wales)

ACCOUNTANTS:

R.L.Ferris Ltd

Chartered Accountants

64 Derby Lane

Liverpool

Merseyside

L13 3DN

FIXED ASSETS

4,777

Tangible assets

4

53,369

CURRENT ASSETS

-

Stocks

268,962

442,762

Debtors

5

592,593

285,373

Cash at bank and in hand

649,141

728,135

1,510,696

CREDITORS

693,044

Amounts falling due within one year

6

1,507,879

35,091

NET CURRENT ASSETS

2,817

39,868

TOTAL ASSETS LESS CURRENT LIABILITIES

56,186

CAPITAL AND RESERVES

100

Called up share capital

100

39,768

Retained earnings

56,086

39,868

SHAREHOLDERS' FUNDS

56,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 24 November 2025 and were signed by:

J Tomlinson - Director

1.	STATUTORY INFORMATION

Rarehire 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.

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.

Tangible fixed assets

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

Radios & aerials

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2023

98,556

Additions

67,515

Disposals

(26,878

)

At 30 November 2024

139,193

DEPRECIATION

At 1 December 2023

93,779

Charge for year

17,431

Eliminated on disposal

(25,386

)

At 30 November 2024

85,824

NET BOOK VALUE

At 30 November 2024

53,369

At 30 November 2023

4,777

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Trade debtors

592,593

442,762

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Hire purchase contracts

50,911

-

Trade creditors

954,000

394,178

Taxation and social security

215,930

189,440

Other creditors

287,038

109,426

1,507,879

693,044

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £62,122 (2023 - £81,060) were paid to the director .