Hybrid Rentals Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 14168761 (England and Wales)

HYBRID RENTALS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 13 JUNE 2022 TO 31 MARCH 2023

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

390,563

CURRENT ASSETS

Debtors

5

295

Cash at bank

594

889

CREDITORS

Amounts falling due within one year

6

2,323

NET CURRENT LIABILITIES

(1,434

)

TOTAL ASSETS LESS CURRENT LIABILITIES

389,129

CREDITORS

Amounts falling due after more than one year

7

415,265

NET LIABILITIES

(26,136

)

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

(26,138

)

(26,136

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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 6 December 2023 and were signed on its behalf by:

Dr P D Williams - Director

1.	STATUTORY INFORMATION

Hybrid Rentals Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

14168761

Registered office:

108 Stanwell Road

Penarth

Cardiff

CF64 3LP

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.

Plant and machinery etc

-

10% on cost

Taxation

Taxation for the period comprises current 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

Additions

378,072

1,787

11,023

390,882

At 31 March 2023

378,072

1,787

11,023

390,882

DEPRECIATION

Charge for period

-

45

274

319

At 31 March 2023

-

45

274

319

NET BOOK VALUE

At 31 March 2023

378,072

1,742

10,749

390,563

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

295

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

2,323

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

247,800

Other creditors

167,465

415,265

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Mortgage loan

247,800

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

Mortgage loan

247,800

A first charge has ben taken out on the property by the mortgage lender.

9.	RELATED PARTY DISCLOSURES

The directors have charged a rental to the company for the use of the registered office premises. This is shown in the profit and loss account

The company is under the control of the directors who won 100% of the issued share capital.