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REGISTERED NUMBER: 04338024 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2021

for

Daly Plant Hire Ltd.

Daly Plant Hire Ltd. (Registered number: 04338024)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 9

Daly Plant Hire Ltd.

Company Information
for the Year Ended 31 December 2021







DIRECTORS: J Daly
E Daly
A Daly





REGISTERED OFFICE: Unitec House
2 Albert Place
London
N3 1QB





REGISTERED NUMBER: 04338024 (England and Wales)





ACCOUNTANTS: Kingsley Maybrook Limited
Unitec House
2 Albert Place
London
N3 1QB

Daly Plant Hire Ltd. (Registered number: 04338024)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,913,658 892,044

CURRENT ASSETS
Debtors 5 407,279 119,521
Cash at bank 153,511 7,508
560,790 127,029
CREDITORS
Amounts falling due within one year 6 177,951 207,753
NET CURRENT ASSETS/(LIABILITIES) 382,839 (80,724 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,296,497

811,320

CREDITORS
Amounts falling due after more than
one year

7

2,252,052

289,349
NET ASSETS 1,044,445 521,971

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Retained earnings 1,034,445 511,971
SHAREHOLDERS' FUNDS 1,044,445 521,971

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Daly Plant Hire Ltd. (Registered number: 04338024)

Balance Sheet - continued
31 December 2021


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2022 and were signed on its behalf by:





A Daly - Director


Daly Plant Hire Ltd. (Registered number: 04338024)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Daly Plant Hire Ltd. 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.

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 taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - at variable rates on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Daly Plant Hire Ltd. (Registered number: 04338024)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

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. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2020 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2021 1,308,376 11,299 167,477 1,102 1,488,254
Additions 2,345,820 - - - 2,345,820
Disposals (210,000 ) - - - (210,000 )
At 31 December 2021 3,444,196 11,299 167,477 1,102 3,624,074
DEPRECIATION
At 1 January 2021 508,332 11,299 75,752 827 596,210
Charge for year 197,003 - 18,345 275 215,623
Eliminated on disposal (101,417 ) - - - (101,417 )
At 31 December 2021 603,918 11,299 94,097 1,102 710,416
NET BOOK VALUE
At 31 December 2021 2,840,278 - 73,380 - 2,913,658
At 31 December 2020 800,044 - 91,725 275 892,044

Daly Plant Hire Ltd. (Registered number: 04338024)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Plant and
machinery
£   
COST
Additions 1,407,492
At 31 December 2021 1,407,492
DEPRECIATION
Charge for year 117,291
At 31 December 2021 117,291
NET BOOK VALUE
At 31 December 2021 1,290,201

5. DEBTORS
31.12.21 31.12.20
£    £   
Amounts falling due within one year:
Trade debtors 331,593 119,521
Deferred tax asset 66,931 -
VAT 8,505 -
407,029 119,521

Amounts falling due after more than one year:
Other debtors 250 -

Aggregate amounts 407,279 119,521

Daly Plant Hire Ltd. (Registered number: 04338024)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts (see note 8)
162,902

44,455
Trade creditors 17,168 6,073
Corporation tax (1,050 ) 60,960
Social security and other taxes (42,827 ) (26,787 )
Pension 164 -
VAT - 124,518
Net wages - (1,466 )
Directors' current accounts 41,594 -
177,951 207,753

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans (see note 8) - 13,000
Other loans (see note 8) 181,954 198,889
Hire purchase contracts and finance leases 2,071,638 75,000
Other creditors (1,540 ) 2,460
2,252,052 289,349

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 13,000
Hire purchase 885,698 75,000
885,698 88,000

8. LOANS

An analysis of the maturity of loans is given below:

31.12.21 31.12.20
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 143,455 41,013
Bank loans 19,447 3,442
162,902 44,455

Amounts falling due between two and five years:
Other loans - 2-5 years 181,954 198,889

Daly Plant Hire Ltd. (Registered number: 04338024)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

8. LOANS - continued
31.12.21 31.12.20
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal - 13,000

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
10,000 Ordinary shares £1.00 10,000 10,000

Daly Plant Hire Ltd.

Report of the Accountants to the Directors of
Daly Plant Hire Ltd.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2021 set out on pages two to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Kingsley Maybrook Limited
Unitec House
2 Albert Place
London
N3 1QB


5 September 2022