ANVIL HIRE LIMITED

ANVIL HIRE LIMITED

ANVIL HIRE LIMITED - Company Information

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ANVIL HIRE LIMITED

Company Registration Number:
02796436 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2023

Period of accounts

Start date: 30 April 2022

End date: 30 April 2023

ANVIL HIRE LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2023

Balance sheet
Notes

ANVIL HIRE LIMITED

Balance sheet

As at 30 April 2023


Notes
2023
2022


£
£
Fixed assets
Tangible assets: 3 2,488,202 2,486,493
Total fixed assets: 2,488,202 2,486,493
Current assets
Stocks: 21,530 19,582
Debtors:   2,884,007 3,312,197
Cash at bank and in hand: 3,542 1,093
Total current assets: 2,909,079 3,332,872
Creditors: amounts falling due within one year: 4 (2,783,443) (1,934,436)
Net current assets (liabilities): 125,636 1,398,436
Total assets less current liabilities: 2,613,838 3,884,929
Creditors: amounts falling due after more than one year: 5 (640,371) (635,603)
Provision for liabilities: (351,000) (104,000)
Total net assets (liabilities): 1,622,467 3,145,326
Capital and reserves
Called up share capital: 9,500 9,500
Other reserves: 500 500
Profit and loss account: 1,612,467 3,135,326
Shareholders funds: 1,622,467 3,145,326

The notes form part of these financial statements

ANVIL HIRE LIMITED

Balance sheet statements

For the year ending 30 April 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 January 2024
and signed on behalf of the board by:

Name: Mr Robert Brown
Status: Director

The notes form part of these financial statements

ANVIL HIRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover consists of the net invoiced value of goods and services supplied in the ordinary course of business net of discounts and excluding Value Added Tax.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially recorded at cost and subsequently revalued/impaired where appropriate.Depreciation has been calculated to write off the cost, less residual value, of fixed assets over their estimated useful lives by the straight line method from the date of acquisition at the following annual rates:Motor vehicles: 20%Plant and machinery: 25% to 100%Freehold land and buildings: 25%

ANVIL HIRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

2. Employees

2023 2022
Average number of employees during the period 25 26

ANVIL HIRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Tangible Assets

Total
Cost £
At 30 April 2022 7,420,126
Additions 733,910
Disposals (1,190,925)
At 30 April 2023 6,963,111
Depreciation
At 30 April 2022 4,933,633
Charge for year 531,242
On disposals (989,966)
At 30 April 2023 4,474,909
Net book value
At 30 April 2023 2,488,202
At 29 April 2022 2,486,493

ANVIL HIRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Creditors: amounts falling due within one year note

Creditors - amounts falling due within one year include: £440,663 (2022: £471,3349 in respect of hire purchase agreements, these amounts are wholly repayable in less than five years and are secured on certain fixed assets of the business. Also included is £10,014 (2022: £9,985) in respect of a COVID bounce back loan.

ANVIL HIRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

5. Creditors: amounts falling due after more than one year note

Creditors - amounts falling after more than one year include: £616,202 (2022: £601,417) in respect of hire purchase agreements, these amounts are wholly repayable in less than five years. Also included is £24,169 (2022: £34,186) in respect of a COVID bounce back loan.

ANVIL HIRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

6. Loans to directors

Any loans made to directors during the year are transferred to the company's ultimate parent company.

ANVIL HIRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

7. Related party transactions

During the financial period, the company made sales (including recharges of expenditure) to the following related companies which are fellow subsidiaries of J and O Group Limited: Specialist Tube Supplies Limited £165,066 (2022: £141,326) Specialist Rebar Supplies Limited £107,045 (2022: £88,336) During the financial period, the company made purchases (including in relation to the recharge of expenditure) from the following related companies which are fellow subsidiaries of J and O Group Limited: J and O Group Limited £50,472 (2022: £52,087)Included within debtors are amounts due from the following related companies:Specialist Tube Supplies Limited £17,516 (2022: £59,001)Chargill Limited £1,129,084 (2022: £2,294,168)Specialist Rebar Supplies Limited £3,620 (2022 £1,185)J and O Group Limited £121,000 (2022: £nil)Included within creditors are amounts due to the following related companies:Specialist Tube Supplies Limited £767,966 (2022: £685,464)Specialist Rebar Supplies Limited £10,000 (2022: £10,000)J and O Group Limited £31,977 (2022: £68,580)Chargill Limited £127,844 (2022: £127,844)