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REGISTERED NUMBER: 05119112 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2022

FOR

CAMBERWELL PLANT HIRE LIMITED

CAMBERWELL PLANT HIRE LIMITED (REGISTERED NUMBER: 05119112)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAMBERWELL PLANT HIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2022







DIRECTOR: P H Kuebler





REGISTERED OFFICE: Giant Arches
12-23 48a Burbage Road
London
SE24 9HE





REGISTERED NUMBER: 05119112 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

CAMBERWELL PLANT HIRE LIMITED (REGISTERED NUMBER: 05119112)

BALANCE SHEET
31 MAY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 52,505 65,578
Tangible assets 5 833,553 842,251
886,058 907,829

CURRENT ASSETS
Debtors 6 419,805 324,757
Cash at bank and in hand 142,165 251,229
561,970 575,986
CREDITORS
Amounts falling due within one year 7 429,502 373,012
NET CURRENT ASSETS 132,468 202,974
TOTAL ASSETS LESS CURRENT LIABILITIES 1,018,526 1,110,803

CREDITORS
Amounts falling due after more than one year 8 (747,258 ) (852,063 )

PROVISIONS FOR LIABILITIES 10 (65,000 ) (51,000 )
NET ASSETS 206,268 207,740

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 186,268 187,740
206,268 207,740

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CAMBERWELL PLANT HIRE LIMITED (REGISTERED NUMBER: 05119112)

BALANCE SHEET - continued
31 MAY 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2022 and were signed by:





P H Kuebler - Director


CAMBERWELL PLANT HIRE LIMITED (REGISTERED NUMBER: 05119112)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022


1. STATUTORY INFORMATION

Camberwell Plant Hire Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 tax.

Turnover represents the rendering of goods and services in connection with plant hire operations, third party haulage and gas oil sales.

Turnover is recognised when the entity meets the obligations to deliver goods and services to a customer in accordance with the terms and conditions of the sale.

Intangible assets
Goodwill, being the value of databases and reputation of a prior business acquisition, is being amortised over 10 years.

Website development is being amortised over 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to Property- Straight line over 6 years
Fixtures and Fittings- Straight line over 5 years
Computer Equipment- Straight line over 4 years
Plant and Machinery- Straight line over 3 - 8 years
Motor Vehicles- Straight line over 3 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.


CAMBERWELL PLANT HIRE LIMITED (REGISTERED NUMBER: 05119112)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2022


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
After reviewing the company's forecasts, the director believes that the company has adequate resources to continue in operational existence.

The director does not anticipate that the recent COVID-19 outbreak will affect the company's ability to continue for the foreseeable future and, therefore, continues to adopt the going concern basis in preparing its financial statements.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES

The average number of employees during the year was 14 (2021 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 June 2021 292,000 - 292,000
Additions - 3,200 3,200
At 31 May 2022 292,000 3,200 295,200
AMORTISATION
At 1 June 2021 226,422 - 226,422
Amortisation for year 16,060 213 16,273
At 31 May 2022 242,482 213 242,695
NET BOOK VALUE
At 31 May 2022 49,518 2,987 52,505
At 31 May 2021 65,578 - 65,578

CAMBERWELL PLANT HIRE LIMITED (REGISTERED NUMBER: 05119112)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2022


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2021 13,638 1,721,660 36,917
Additions - 326,797 1,440
Disposals - (152,652 ) -
At 31 May 2022 13,638 1,895,805 38,357
DEPRECIATION
At 1 June 2021 6,819 904,872 35,710
Charge for year 2,274 283,546 882
Eliminated on disposal - (105,130 ) -
At 31 May 2022 9,093 1,083,288 36,592
NET BOOK VALUE
At 31 May 2022 4,545 812,517 1,765
At 31 May 2021 6,819 816,788 1,207

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2021 9,719 33,239 1,815,173
Additions 5,295 - 333,532
Disposals (4,574 ) - (157,226 )
At 31 May 2022 10,440 33,239 1,991,479
DEPRECIATION
At 1 June 2021 4,660 20,861 972,922
Charge for year 1,646 6,360 294,708
Eliminated on disposal (4,574 ) - (109,704 )
At 31 May 2022 1,732 27,221 1,157,926
NET BOOK VALUE
At 31 May 2022 8,708 6,018 833,553
At 31 May 2021 5,059 12,378 842,251

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 252,133 181,564
Other debtors 167,672 143,193
419,805 324,757

Within other debtors are amounts owed by a company under common control of £85,523 (2021: £101,825).

CAMBERWELL PLANT HIRE LIMITED (REGISTERED NUMBER: 05119112)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2022


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 50,000 50,000
Hire purchase contracts (see note 9) 154,225 133,615
Trade creditors 124,484 98,686
Taxation and social security 57,301 55,056
Other creditors 43,492 35,655
429,502 373,012

National Westminster Bank PLC and Close Brothers Limited each hold fixed and floating charges over the assets of the company.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 145,834 195,834
Hire purchase contracts (see note 9) 255,505 306,229
Other creditors 345,919 350,000
747,258 852,063

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2022 2021
£    £   
Net obligations repayable:
Within one year 154,225 133,615
Between one and five years 255,505 306,229
409,730 439,844

10. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 65,000 51,000

Deferred
tax
£   
Balance at 1 June 2021 51,000
Provided during year 14,000
Balance at 31 May 2022 65,000