Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2021-04-01falsetrueNo description of principal activity2120true 03035889 2021-04-01 2022-03-31 03035889 2020-04-01 2021-03-31 03035889 2022-03-31 03035889 2021-03-31 03035889 c:Director2 2021-04-01 2022-03-31 03035889 d:Buildings 2021-04-01 2022-03-31 03035889 d:Buildings 2022-03-31 03035889 d:Buildings 2021-03-31 03035889 d:Buildings d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 03035889 d:Buildings d:LeasedAssetsHeldAsLessee 2021-04-01 2022-03-31 03035889 d:PlantMachinery 2021-04-01 2022-03-31 03035889 d:PlantMachinery 2022-03-31 03035889 d:PlantMachinery 2021-03-31 03035889 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 03035889 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2021-04-01 2022-03-31 03035889 d:MotorVehicles 2021-04-01 2022-03-31 03035889 d:MotorVehicles 2022-03-31 03035889 d:MotorVehicles 2021-03-31 03035889 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 03035889 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2021-04-01 2022-03-31 03035889 d:OfficeEquipment 2021-04-01 2022-03-31 03035889 d:OfficeEquipment 2022-03-31 03035889 d:OfficeEquipment 2021-03-31 03035889 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 03035889 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2021-04-01 2022-03-31 03035889 d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 03035889 d:LeasedAssetsHeldAsLessee 2021-04-01 2022-03-31 03035889 d:CurrentFinancialInstruments 2022-03-31 03035889 d:CurrentFinancialInstruments 2021-03-31 03035889 d:Non-currentFinancialInstruments 2022-03-31 03035889 d:Non-currentFinancialInstruments 2021-03-31 03035889 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03035889 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 03035889 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 03035889 d:Non-currentFinancialInstruments d:AfterOneYear 2021-03-31 03035889 d:ShareCapital 2022-03-31 03035889 d:ShareCapital 2021-03-31 03035889 d:RetainedEarningsAccumulatedLosses 2022-03-31 03035889 d:RetainedEarningsAccumulatedLosses 2021-03-31 03035889 c:FRS102 2021-04-01 2022-03-31 03035889 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 03035889 c:FullAccounts 2021-04-01 2022-03-31 03035889 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 03035889 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-03-31 03035889 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2021-03-31 03035889 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-03-31 03035889 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2021-03-31 03035889 d:LeasedAssetsHeldAsLessee 2022-03-31 03035889 d:LeasedAssetsHeldAsLessee 2021-03-31 iso4217:GBP xbrli:pure

Registered number: 03035889










HALL PLANT HIRE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

 
HALL PLANT HIRE LIMITED
REGISTERED NUMBER: 03035889

BALANCE SHEET
AS AT 31 MARCH 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,569,678
2,418,651

Current assets
  

Stocks
  
12,750
8,250

Debtors: amounts falling due within one year
 5 
1,303,194
1,430,821

Cash at bank and in hand
  
533,094
638,461

  
1,849,038
2,077,532

Creditors: amounts falling due within one year
 6 
(543,524)
(720,413)

Net current assets
  
 
 
1,305,514
 
 
1,357,119

Total assets less current liabilities
  
3,875,192
3,775,770

Creditors: amounts falling due after more than one year
 7 
(394,929)
(589,613)

Provisions for liabilities
  

Deferred tax
  
(443,759)
(453,104)

Net assets
  
3,036,504
2,733,053


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
3,036,304
2,732,853

  
3,036,504
2,733,053


Page 1

 
HALL PLANT HIRE LIMITED
REGISTERED NUMBER: 03035889
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 September 2022.




T J Hall
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
HALL PLANT HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

Hall Plant Hire Limited is a private Company limited by shares, incorporated in England and Wales (registred number: 03035889). Its registered office is The Birches, Old Brampton, Chesterfield, Derbyshire, S42 7JH. The principal activity of the Company throughout the year continued to be that of hire of plant and equipment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
HALL PLANT HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

Plant and machinery
-
between 15% and 25% reducing balance
Motor vehicles
-
between 15% and 25% reducing balance
Office equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

 
2.4

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 4

 
HALL PLANT HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Statement of Income and Retained Earnings at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and genrates income.
Deferred tax balances are recognised in respect of all timimg differences that have originated but not reversed by the Balance Sheet date except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


3.


Employees

The average monthly number of employees, including directors, during the year was 21 (2021 - 20).

Page 5

 
HALL PLANT HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

4.


Tangible fixed assets





Land and buildings
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2021
-
5,812,536
620,143
81,859
6,514,538


Additions
202,249
386,438
-
648
589,335


Disposals
-
(60,500)
-
-
(60,500)



At 31 March 2022

202,249
6,138,474
620,143
82,507
7,043,373



Depreciation


At 1 April 2021
-
3,653,178
378,598
64,111
4,095,887


Charge for the year on owned assets
-
255,094
28,434
4,485
288,013


Charge for the year on financed assets
-
101,393
7,875
-
109,268


Disposals
-
(19,473)
-
-
(19,473)



At 31 March 2022

-
3,990,192
414,907
68,596
4,473,695



Net book value



At 31 March 2022
202,249
2,148,282
205,236
13,911
2,569,678



At 31 March 2021
-
2,159,358
241,545
17,748
2,418,651

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2022
2021
£
£


Plant and machinery
574,578
763,307

Motor vehicles
44,625
65,797

619,203
829,104

Page 6

 
HALL PLANT HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

5.


Debtors

2022
2021
£
£


Trade debtors
544,791
589,919

Amounts owed by group undertakings
737,720
776,529

Other debtors
552
42,805

Prepayments and accrued income
20,131
21,568

1,303,194
1,430,821



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
49,547
49,672

Trade creditors
191,775
257,270

Corporation tax
78,456
61,928

Other taxation and social security
50,762
55,354

Obligations under finance lease and hire purchase contracts
145,438
217,445

Other creditors
27,546
78,744

543,524
720,413



Secured loans

Included within creditors falling due after within one year are bank loans of £49,547 (2021: £49,672) secured by personal guarantees given by the directors and a guarantee given by the subsidiary. Included within creditors falling due within one year are secured obligations under hire purchase contracts of £145,438 (2021: £217,445).

Page 7

 
HALL PLANT HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

7.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
356,665
405,910

Net obligations under finance leases and hire purchase contracts
38,264
183,703

394,929
589,613


Secured loans
Included within creditors falling due after more than one year are bank loans of £356,665 (2021: £405,910) secured by personal guarantees given by the directors and a guarantee given by the subsidiary.
The amount due after more than 5 years is £nil (2021: £nil).
Included within creditors falling due after more than one year are secured obligations under hire purchase contracts of £38,264 (2021: £183,703).


8.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held seperately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £12,595 (2021: £12,003). Contributions totalling £432 (2021 - £467) were payable to the fund at the Balance Sheet date and are included in creditors.

 
Page 8