Hire Safe Solutions Limited in Bromsgrove, B61 7DN

Description

Data updated on: 01-11-2023

Hire Safe Solutions Limited may be contacted at Meryll House, 57 Worcester Road in Bromsgrove. The company's area code is B61 7DN. Hire Safe Solutions has been present in this business since the company was set up in 2013. The company's Companies House Reg No. is 08627741. This enterprise's principal business activity number is 77320: Renting and leasing of construction and civil engineering machinery and equipment. Its latest financial reports describe the period up to 2022-07-31 and the latest annual confirmation statement was submitted on 2023-02-27.

Hire Safe Solutions Ltd is a small-sized vehicle operator with the licence number OD1147725. The firm has one transport operating centre in the country. In their subsidiary in Banbury on Fir Tree Farm, 3 machines and 5 trailers are available.

In this limited company, a number of director's tasks have been executed by Rebecca J. and Gerard J.. As for these two managers, Gerard J. has carried on with the limited company for the longest time, having been a member of officers' team since July 2013.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2014-07-31	2015-07-31	2016-07-31	2017-07-31	2018-07-31	2019-07-31	2020-07-31	2021-07-31	2022-07-31	2023-07-31
Currency
Net Worth	4 124	56 276	322 028

Balance Sheet
Cash Bank In Hand	10 616	68 552	363 159
Cash Bank On Hand			363 159	420 953	505 674	628 455	1 782 398	894 188	1 888 625	1 888 344
Current Assets	42 346	260 215	1 130 290	1 421 864	2 161 997	3 055 331	4 507 876	5 235 755	7 369 442	9 521 105
Debtors	31 730	191 663	767 131	1 000 911	1 656 323	2 426 876	2 725 478	4 333 548	5 309 457	7 291 701
Net Assets Liabilities			258 941	764 529	1 739 589	3 119 670	4 584 696	7 047 866	9 882 904	14 268 724
Net Assets Liabilities Including Pension Asset Liability	4 124	56 276	322 028
Other Debtors			1 052	556	130 230	476 385	200 282	25 452	14 292	14 292
Property Plant Equipment			4 964 641	8 665 347	14 465 361	22 231 637	28 435 333	38 787 235	57 490 444	74 550 627
Tangible Fixed Assets	383	653 238	4 964 641
Total Inventories								38 019	171 360	341 060

Capital & Reserves
Called Up Share Capital	1	1	1
Profit Loss Account Reserve	4 123	56 275	322 027
Shareholder Funds	4 124	56 276	322 028

Other Financial Data
Amount Specific Advance Or Credit Directors		1 724	444	64 990
Amount Specific Advance Or Credit Made In Period Directors			71 507	149 372
Amount Specific Advance Or Credit Repaid In Period Directors			70 227	213 918
Audit Fees Expenses									20 000	32 325
Director Remuneration								7 097	18 836	18 836
Accrued Liabilities			12 644	3 431				19 036	94 085	58 533
Accumulated Depreciation Impairment Property Plant Equipment			279 805	839 867	1 793 698	3 219 650	5 264 740	7 718 259	10 963 828	15 602 820
Average Number Employees During Period			5	9	11	18	24	32	46	63
Bills Exchange Payable			202 442	524 591				1 522 386	2 000 734	3 000 668
Creditors			4 294 229	6 507 832	10 197 816	15 246 396	18 735 969	18 324 869	28 666 317	36 498 975
Creditors Due After One Year		279 705	4 136 544
Creditors Due Within One Year	38 528	563 733	1 548 464
Disposals Decrease In Depreciation Impairment Property Plant Equipment				4 320	7 925	55 774	154 024	506 767	1 129 064	1 382 861
Disposals Property Plant Equipment				180 000	145 036	655 025	703 823	1 932 693	2 920 785	4 709 490
Finance Lease Liabilities Present Value Total			2 512 569	4 463 098	6 936 054	9 677 875	14 437 716	17 703 787	28 250 448	36 246 797
Government Grants Payable			17 000	10 500
Increase Decrease In Property Plant Equipment				4 249 231	6 699 359	9 640 537	8 576 190	13 774 611	23 469 696	24 924 082
Increase From Depreciation Charge For Year Property Plant Equipment				564 382	961 756	1 481 726	2 199 114	2 960 286	4 374 633	6 021 853
Net Current Assets Liabilities	3 818	-303 518	-418 174	-1 188 104	-2 103 887	-3 103 353	-3 940 561	-5 347 998	-15 327 406	-18 526 082
Number Shares Allotted		1	1
Other Creditors				2 044 734	3 261 762	5 568 521	4 298 253	6 956 807		701
Other Taxation Social Security Payable			5 458	44 387	14 603	30 297	433 896	54 005	267 297	97 031
Par Value Share		1	1						1	1
Prepayments				19 431				132 778	258 419	394 096
Property Plant Equipment Gross Cost			5 244 446	9 505 214	16 259 059	25 451 287	33 700 073	46 505 494	68 454 272	90 153 447
Provisions For Liabilities Balance Sheet Subtotal			72 123	204 882	424 069	762 218	1 174 107	1 730 777	3 613 817	5 256 846
Provisions For Liabilities Charges	77	13 739	87 895
Recoverable Value-added Tax			106 291					398 312
Secured Debts		104 752	3 099 930
Share Capital Allotted Called Up Paid	1	1	1
Tangible Fixed Assets Additions		700 887	4 592 848
Tangible Fixed Assets Cost Or Valuation	574	701 461	5 244 446
Tangible Fixed Assets Depreciation	191	48 223	279 805
Tangible Fixed Assets Depreciation Charged In Period		48 032	233 262
Tangible Fixed Assets Depreciation Decrease Increase On Disposals			1 680
Tangible Fixed Assets Disposals			49 863
Total Additions Including From Business Combinations Property Plant Equipment				4 440 768	6 898 881	9 847 253	8 952 609	14 738 114	24 869 563	26 408 665
Total Assets Less Current Liabilities	4 201	349 720	4 546 467	7 477 243	12 361 474	19 128 284	24 494 772	27 103 512	42 163 038	56 024 545
Total Borrowings			3 552 971	6 585 588	10 648 291	15 286 891	22 308 249	187 610	197 534	163 691
Trade Creditors Trade Payables			392 409	355 659	461 856	455 846	567 547	645 705	7 658 188	8 916 065
Trade Debtors Trade Receivables			659 788	980 924	1 526 093	1 950 491	2 525 196	3 520 244	4 899 195	6 603 757
Administrative Expenses								6 190 340	9 605 157	13 088 926
Advances Credits Directors	17 966	1 724	444
Advances Credits Made In Period Directors		62 975
Advances Credits Repaid In Period Directors		46 733
Applicable Tax Rate								19	19	25
Bank Borrowings								100 000	100 000	100 000
Bank Borrowings Overdrafts								400 000	291 667	191 667
Bank Overdrafts									654
Cash Cash Equivalents Cash Flow Value								894 188	1 887 971
Corporation Tax Recoverable								7 816	7 816	76 876
Cost Sales								1 593 784	1 693 601	2 830 730
Deferred Tax Liabilities								-883 375	-1 111 117	-1 064 799
Depreciation Amortisation Expense								2 960 286	4 374 632	6 021 853
Depreciation Expense Property Plant Equipment								236 376	339 089	733 492
Dividends Paid								94 000	241 000	277 000
Dividends Paid Classified As Financing Activities								-94 000	-241 000	-277 000
Dividends Paid On Shares Interim								94 000	241 000	277 000
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities								-272 143	-478 348	-999 934
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss								17 262	-32 307	-2 341
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables								-3 786 101	-5 709 995	-6 072 173
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables								-1 441 337	-1 138 413	-1 913 184
Gain Loss On Disposal Assets Income Statement Subtotal								53 978	129 990	549 408
Gain Loss On Disposals Property Plant Equipment								53 978	129 990	549 408
Gross Profit Loss								10 494 213	16 353 873	22 229 824
Income From Related Parties									266 865	632 944
Income Taxes Paid Refund Classified As Operating Activities								115 994	62 349	-22
Increase Decrease Due To Transfers Between Classes Property Plant Equipment									691 000
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation								-888 210	993 783	373
Increase Decrease In Current Tax From Adjustment For Prior Periods								-120 223	2 642	-69 038
Increase Decrease In Stocks Inventories Finished Goods Work In Progress								38 019	133 341	169 700
Interest Expense On Loan Capital								47 347	42 768	39 519
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts								1 396 562	1 970 567	3 071 048
Interest Paid Classified As Operating Activities								-47 347	-42 768	-39 519
Interest Payable Similar Charges Finance Costs								1 443 909	2 013 335	3 110 567
Key Management Personnel Compensation Total								155 240	284 073	298 639
Loans Owed By Related Parties										656 860
Loans Owed To Related Parties								-184 392	-150 723	-19 280
Merchandise								38 019	171 360	341 060
Net Cash Flows From Used In Financing Activities								1 992 568	3 221 545	7 122 268
Net Cash Flows From Used In Investing Activities								-353 918	-1 993 358	-3 568 487
Net Cash Flows From Used In Operating Activities								-750 440	-2 221 970	-3 554 154
Net Cash Generated From Operations								-2 078 355	-4 172 956	-6 664 743
Net Interest Received Paid Classified As Investing Activities								-21		-23
Number Shares Issued Fully Paid									1	1
Operating Profit Loss								4 437 504	6 910 063	9 347 355
Other Deferred Tax Expense Credit								556 670	1 883 039	1 643 029
Other Interest Receivable Similar Income Finance Income								21		23
Other Operating Income Format1								133 631	161 347	206 457
Other Remaining Borrowings								87 610	96 880	63 691
Payments Finance Lease Liabilities Classified As Financing Activities								-2 300 134	-3 262 854	-7 648 733
Payments To Related Parties									66 000
Pension Other Post-employment Benefit Costs Other Pension Costs								24 220	37 533	58 397
Prepayments Accrued Income								162 504	119 603	265 317
Proceeds From Borrowings Classified As Financing Activities								-384 278
Proceeds From Issuing Shares								-1
Proceeds From Sales Property Plant Equipment								-1 317 400	-2 084 215	-3 876 037
Profit Loss								2 557 169	3 076 038	4 662 820
Profit Loss On Ordinary Activities Before Tax								2 993 616	4 896 728	6 236 811
Provisions								1 730 777	3 613 817	5 256 846
Purchase Property Plant Equipment								-963 503	-90 857	-307 573
Repayments Borrowings Classified As Financing Activities								-254 780	-195 944	-196 880
Social Security Costs								156 996	266 449	361 834
Staff Costs Employee Benefits Expense								1 574 903	2 613 383	3 552 399
Tax Expense Credit Applicable Tax Rate								568 787	930 378	1 559 203
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss								23 080	20 771	83 826
Tax Tax Credit On Profit Or Loss On Ordinary Activities								436 447	1 820 690	1 573 991
Total Operating Lease Payments								835 461	738 419	973 205
Transfers Between P P E Classes Increase Decrease In Depreciation Impairment									28 250
Turnover Revenue								12 087 997	18 047 474	25 060 554
Wages Salaries								1 393 687	2 309 401	3 132 168

Company staff

Rebecca J.

Role: Director

Appointed: 25 September 2017

Latest update: 1 March 2024

Gerard J.

Role: Director

Appointed: 29 July 2013

Latest update: 1 March 2024

People with significant control

Executives with significant control over the firm are: Rebecca J. owns 1/2 or less of company shares and has 1/2 or less of voting rights. Gerard J. owns over 1/2 to 3/4 of company shares and has over 1/2 to 3/4 of voting rights.

Rebecca J.

Notified on 31 October 2023

Nature of control:

1/2 or less of voting rights

right to manage directors

1/2 or less of shares

Gerard J.

Notified on 6 April 2016

Nature of control:

over 1/2 to 3/4 of shares

over 1/2 to 3/4 of voting rights

right to manage directors

Accounts Documents

Account next due date	30 April 2024
Account last made up date	31 July 2022
Confirmation statement next due date	12 March 2024
Confirmation statement last made up date	27 February 2023

Annual Accounts 20 August 2015
Start Date For Period Covered By Report	01 August 2014
End Date For Period Covered By Report	31 July 2015
Date Approval Accounts	20 August 2015
Annual Accounts 1 November 2016
Start Date For Period Covered By Report	01 August 2015
End Date For Period Covered By Report	31 July 2016
Date Approval Accounts	1 November 2016
Annual Accounts
Start Date For Period Covered By Report	01 August 2016
End Date For Period Covered By Report	31 July 2017
Annual Accounts
Start Date For Period Covered By Report	01 August 2017
End Date For Period Covered By Report	31 July 2018
Annual Accounts
Start Date For Period Covered By Report	01 August 2018
End Date For Period Covered By Report	31 July 2019
Annual Accounts
Start Date For Period Covered By Report	01 August 2019
End Date For Period Covered By Report	31 July 2020
Annual Accounts
Start Date For Period Covered By Report	01 August 2020
End Date For Period Covered By Report	31 July 2021
Annual Accounts
Start Date For Period Covered By Report	01 August 2021
End Date For Period Covered By Report	31 July 2022
Annual Accounts
Start Date For Period Covered By Report	01 August 2022
End Date For Period Covered By Report	31 July 2023

Hire Safe Solutions Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Rebecca J.

Gerard J.

People with significant control

Rebecca J.

Gerard J.

Accounts Documents

Company Vehicle Operator Data

Hire Safe Solutions Ltd

Address

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No. of Vehicles

No. of Trailers

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