The Production Hire Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04602430 (England and Wales)

THE PRODUCTION HIRE COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M A Neil

Miss T Pyle

SECRETARY:

Mr M A Neil

REGISTERED OFFICE:

15 High Street

Brackley

Northamptonshire

NN13 7DH

REGISTERED NUMBER:

04602430 (England and Wales)

ACCOUNTANTS:

Blencowes

15 High Street

Brackley

Northamptonshire

NN13 7DH

FIXED ASSETS

Tangible assets

4

5,669,317

5,715,818

CURRENT ASSETS

Debtors

5

403,187

190,686

Cash at bank

131,973

183,382

535,160

374,068

CREDITORS

Amounts falling due within one year

6

505,256

210,627

NET CURRENT ASSETS

29,904

163,441

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,699,221

5,879,259

CREDITORS

Amounts falling due after more than one
year

7

-

(11,250

)

PROVISIONS FOR LIABILITIES

(1,061,718

)

(1,432,824

)

NET ASSETS

4,637,503

4,435,185

CAPITAL AND RESERVES

Called up share capital

8

2

Revaluation reserve

9

3,182,274

3,258,301

Retained earnings

1,455,227

1,176,882

SHAREHOLDERS' FUNDS

4,637,503

4,435,185

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 20 November 2025 and were signed on its behalf by:

Mr M A Neil - Director

1.	STATUTORY INFORMATION

The Production Hire Company 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 presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VATand trade discounts. The policies adopted for the recognition of turnover are as follows:

When the outcome of a transaction can be estimated reliably, turnover from services provided are recognised by reference to the stage of completion at the balance sheet date.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer and software

-

25% on reducing balance

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 taxation

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Computer

Plant and

and

Motor

and

machinery

fittings

vehicles

software

Totals

£

COST OR VALUATION

At 1 March 2024

8,145,201

8,679

234,026

21,128

8,409,034

Additions

428,898

5,303

9,843

10,326

454,370

Disposals

(56,592

)

-

(30,025

)

-

(86,617

)

Revaluations

(76,027

)

-

(76,027

)

At 28 February 2025

8,441,480

13,982

213,844

31,454

8,700,760

DEPRECIATION

At 1 March 2024

2,517,661

4,899

158,095

12,561

2,693,216

Charge for year

375,436

2,008

17,826

3,094

398,364

Eliminated on disposal

(41,829

)

-

(18,308

)

-

(60,137

)

At 28 February 2025

2,851,268

6,907

157,613

15,655

3,031,443

NET BOOK VALUE

At 28 February 2025

5,590,212

7,075

56,231

15,799

5,669,317

At 29 February 2024

5,627,540

3,780

75,931

8,567

5,715,818

Cost or valuation at 28 February 2025 is represented by:

Fixtures

Computer

Plant and

and

Motor

and

machinery

fittings

vehicles

software

Totals

£

Valuation in 2025

4,268,374

-

4,268,374

Cost

4,173,106

13,982

213,844

31,454

4,432,386

8,441,480

13,982

213,844

31,454

8,700,760

The net book value of tangible fixed assets includes £ 12,266 (2024 - £ 16,354 ) in respect of assets held under hire purchase contracts or finance leases.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

211,008

141,675

Amounts owed by group undertakings

95,785

-

Other debtors

2,500

45,112

Prepayments and accrued income

93,894

3,899

403,187

190,686

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

-

20,000

Trade creditors

348,097

54,245

Tax

-

69

Social security and other taxes

6,238

6,064

VAT

81,821

40,885

Other creditors

1,020

21,436

Directors' current accounts

59,586

59,555

Accrued expenses

8,494

8,373

505,256

210,627

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 2-5 years

-

11,250

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

2

Ordinary

£1

2

9.

RESERVES

Revaluation

reserve

£

At 1 March 2024

3,258,301

Fixed asset revaluation

(76,027

)

At 28 February 2025

3,182,274

10.	REVALUATION

The director revalued the company assets on 29th February 2024. The director considers the current valuation to be an appropriate market value.