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Company Registration No. 11146047 (England and Wales)
Duchy Plant Hire Ltd Unaudited accounts for the year ended 31 December 2022
Duchy Plant Hire Ltd Unaudited accounts Contents
Page
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Duchy Plant Hire Ltd Company Information for the year ended 31 December 2022
Director
James Edward Shelton
Company Number
11146047 (England and Wales)
Registered Office
Duchy House Drinnick Yard Nanpean Cornwall PL26 7YN
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Duchy Plant Hire Ltd Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,221,434 
9,920,686 
Current assets
Inventories
259,854 
285,890 
Debtors
1,493,959 
754,469 
Cash at bank and in hand
130,188 
15,968 
1,884,001 
1,056,327 
Creditors: amounts falling due within one year
(2,488,897)
(1,570,731)
Net current liabilities
(604,896)
(514,404)
Total assets less current liabilities
14,616,538 
9,406,282 
Creditors: amounts falling due after more than one year
(9,812,981)
(7,774,582)
Net assets
4,803,557 
1,631,700 
Capital and reserves
Called up share capital
3,000,000 
1,000,000 
Profit and loss account
1,803,557 
631,700 
Shareholders' funds
4,803,557 
1,631,700 
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 September 2023 and were signed on its behalf by
James Edward Shelton Director Company Registration No. 11146047
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Duchy Plant Hire Ltd Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Duchy Plant Hire Ltd is a private company, limited by shares, registered in England and Wales, registration number 11146047. The registered office is Duchy House, Drinnick Yard, Nanpean, Cornwall, PL26 7YN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10 -20 Years, asset dependent
Plant & machinery
5 - 10 Years, asset dependent
Fixtures & fittings
3 Years
Computer equipment
3 Years
Other tangible fixed assets
10 -20 Years, asset dependent
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Duchy Plant Hire Ltd Notes to the Accounts for the year ended 31 December 2022
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2022
- 
10,205,193 
- 
5,113 
10,210,306 
Additions
177,083 
19,973,354 
18,863 
5,291 
20,174,591 
Disposals
- 
(14,136,778)
- 
- 
(14,136,778)
At 31 December 2022
177,083 
16,041,769 
18,863 
10,404 
16,248,119 
Depreciation
At 1 January 2022
- 
288,916 
- 
704 
289,620 
Charge for the year
4,092 
729,584 
479 
2,910 
737,065 
At 31 December 2022
4,092 
1,018,500 
479 
3,614 
1,026,685 
Net book value
At 31 December 2022
172,991 
15,023,269 
18,384 
6,790 
15,221,434 
At 31 December 2021
- 
9,916,277 
- 
4,409 
9,920,686 
5
Inventories
2022 
2021 
£ 
£ 
Raw materials
22,353 
2,761 
Work in progress
237,501 
283,129 
259,854 
285,890 
Raws materials are products held for resale. Work in progress represents work undertaken, or services provided, where the project remained unfinished at the accounting reference date.
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
889,302 
168,454 
Trade debtors
389,493 
515,403 
Other debtors
115,002 
70,612 
1,393,797 
754,469 
Amounts falling due after more than one year
Other debtors
100,162 
- 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
10,648 
10,648 
Obligations under finance leases and hire purchase contracts
1,914,457 
1,043,879 
Trade creditors
192,591 
87,812 
Taxes and social security
36,587 
40,075 
Other creditors
79,095 
288,982 
Loans from directors
75,000 
- 
Accruals
180,519 
99,335 
2,488,897 
1,570,731 
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Duchy Plant Hire Ltd Notes to the Accounts for the year ended 31 December 2022
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
22,492 
33,140 
Obligations under finance leases and hire purchase contracts
9,110,489 
7,142,133 
Amounts owed to group undertakings and other participating interests
- 
25,000 
Other creditors
380,000 
272,500 
Loans from directors
300,000 
301,809 
9,812,981 
7,774,582 
9
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
3,000,000 Ordinary shares of £1 each
3,000,000 
1,000,000 
Shares issued during the period:
2,000,000 Ordinary shares of £1 each
2,000,000 
10
Average number of employees
During the year the average number of employees was 38 (2021: 22).
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