Hi-gear Limited in Hinckley, LE10 3BY

Description

Data updated on: 01-11-2023

This Hi-gear Limited company has been in this business field for at least 20 years, as it's been established in 2004. Started with Registered No. 05292497, Hi-gear was set up as a Private Limited Company with office in 21 Brindley Road, Hinckley LE10 3BY. Despite the fact, that currently it is referred to as Hi-gear Limited, it had the name changed. It was known under the name Oakwood Resources until 2004-12-23, then the name was changed to Hi-gear Services. The last change took place on 2009-05-27. This company's SIC code is 77320 and has the NACE code: Renting and leasing of construction and civil engineering machinery and equipment. Hi-gear Ltd filed its latest accounts for the financial period up to 2022-03-31. Its latest confirmation statement was released on 2022-11-22.

Hi-gear Ltd is a small-sized vehicle operator with the licence number OF1112978. The firm has one transport operating centre in the country. In their subsidiary in Leicester , 3 machines and 2 trailers are available.

From the data we have gathered, this specific company was built in November 2004 and has so far been overseen by three directors, and out this collection of individuals two (Sandra R. and Iain R.) are still active. To provide support to the directors, the company has been utilizing the skills of Sandra R. as a secretary since the appointment on 2004-12-01.

Previous company's names
Hi-gear Limited 2009-05-27
Hi-gear Services Limited 2004-12-23
Oakwood Resources Limited 2004-11-22

Financial data based on annual reports

Profit & Loss
Date of Accounts	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency

Balance Sheet
Cash Bank On Hand	17 481	12 053	12 405	13 176	74 928	34 845
Current Assets	143 905	128 160	119 661	154 776	294 946	362 926
Debtors	100 182	96 972	85 756	116 600	210 018	328 081
Net Assets Liabilities	510 190	485 679	486 614	500 283	221 387	244 929
Other Debtors	2 715	2 965	2 915	4 775	37 682	3 215
Property Plant Equipment	867 842	902 914	857 245	822 115	344 744
Total Inventories	26 242	19 135	21 500	25 000	10 000

Other Financial Data
Accrued Liabilities Deferred Income	6 669	7 040	7 682	7 004
Accumulated Amortisation Impairment Intangible Assets	195 000	210 000	225 000	240 000	255 000
Accumulated Depreciation Impairment Property Plant Equipment	644 829	808 477	972 859	1 091 139	360 581
Amounts Owed By Group Undertakings Participating Interests					83 327	299 122
Amounts Owed To Group Undertakings	366 107	337 444	168 925	154 098
Amounts Owed To Group Undertakings Participating Interests				154 098	184 425	65 000
Average Number Employees During Period	9	11	13	11	13	10
Bank Borrowings Overdrafts	22 463	16 192	32 414	26 263
Corporation Tax Payable					22 221
Creditors	546 047	518 607	384 590	436 618	438 763	117 997
Depreciation Rate Used For Property Plant Equipment		25	25	25	25	25
Disposals Decrease In Depreciation Impairment Property Plant Equipment		8 298		42 978	797 870	87 909
Disposals Property Plant Equipment		29 900		90 198	1 335 585	127 238
Fixed Assets	972 842	992 914	932 245	882 115	389 744
Future Minimum Lease Payments Under Non-cancellable Operating Leases	3 946	2 351	1 008
Increase Decrease Due To Transfers Into Or Out Intangible Assets						-300 000
Increase Decrease Due To Transfers Into Or Out Property Plant Equipment						-608 615
Increase From Amortisation Charge For Year Intangible Assets		15 000	15 000	15 000	15 000	15 000
Increase From Depreciation Charge For Year Property Plant Equipment		171 946	164 382	161 258	67 311	53 180
Intangible Assets	105 000	90 000	75 000	60 000	45 000
Intangible Assets Gross Cost	300 000	300 000	300 000	300 000	300 000
Net Current Assets Liabilities	-402 142	-390 447	-264 929	-281 842	-143 817	244 929
Other Creditors	96 142	83 528	116 469	144 735	96 525	33 797
Other Taxation Social Security Payable	8 072	18 135	15 639	23 001	77 649	18 107
Par Value Share		1	1	1	1	1
Prepayments Accrued Income	28 525	29 046	33 317	34 508
Property Plant Equipment Gross Cost	1 512 671	1 711 391	1 830 104	1 913 254	705 325
Total Additions Including From Business Combinations Property Plant Equipment				173 348	127 656	30 528
Total Assets Less Current Liabilities	570 700	602 467	667 316	600 273	245 927	244 929
Trade Creditors Trade Payables	46 594	56 268	43 461	81 517	57 943	1 093
Trade Debtors Trade Receivables	68 942	64 961	49 524	77 317	89 009	25 744
Transfers Into Or Out Intangible Assets Increase Decrease In Amortisation Impairment						-270 000
Transfers Into Or Out Property Plant Equipment Increase Decrease In Depreciation Impairment						-325 852
Useful Life Intangible Assets Years		20	20