Company Registration No. 07634699 (England and Wales)
Coombe Hire Limited
Unaudited accounts
for the year ended 31 March 2023
Coombe Hire Limited
Unaudited accounts
Contents
Coombe Hire Limited
Company Information
for the year ended 31 March 2023
Directors
Graham Potts
Matthew Tufton
Company Number
07634699 (England and Wales)
Registered Office
Coombe Farm
Roundham
CREWKERNE
Somerset
TA18 8RR
England
Accountants
Wessex Commercial Solutions
Yeovil Innovation Centre
Barracks Close
Yeovil
BA22 8RN
Coombe Hire Limited
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
6,400
8,929
Creditors: amounts falling due within one year
(195,380)
(250,704)
Net current liabilities
(180,300)
(194,321)
Net liabilities
(180,300)
(194,321)
Called up share capital
2
2
Profit and loss account
(180,302)
(194,323)
Shareholders' funds
(180,300)
(194,321)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2023 and were signed on its behalf by
Graham Potts
Director
Company Registration No. 07634699
Coombe Hire Limited
Notes to the Accounts
for the year ended 31 March 2023
Coombe Hire Limited is a private company, limited by shares, registered in England and Wales, registration number 07634699. The registered office is Coombe Farm, Roundham , CREWKERNE, Somerset, TA18 8RR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
These accounts have not been prepared on the going concern basis. During the year ended 31st March 2022, a connected company 1st Scaffolding (UK) Limited went into liquidation, leaving a large loan amount due to Coombe Hire Limited. This loan has been written off and the company is trying to sell off all its remaining scaffolding equipment previously held as fixed assets but which have been reclassified to current assets in the current and comparative year. With the support of its directors, the company will try to sell its remaining assets where possible and continue to pays its liabilities as and when they become due.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Coombe Hire Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Intangible fixed assets
Other
Amounts falling due within one year
Trade debtors
4,680
29,221
Accrued income and prepayments
4,000
-
6
Creditors: amounts falling due within one year
2023
2022
Other creditors
186,222
201,222
Loans from directors
6,379
6,379
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
