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REGISTERED NUMBER: 01231207 (England and Wales)






















Financial Statements

for the Year Ended 31 March 2023

for

Breheny Group Plant Limited

Breheny Group Plant Limited (Registered number: 01231207)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Breheny Group Plant Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: J N E Breheny





SECRETARY: S Aziz





REGISTERED OFFICE: Flordon Road
Creeting St Mary
Ipswich
Suffolk
IP6 8NH





REGISTERED NUMBER: 01231207 (England and Wales)





AUDITORS: Wright Vigar Limited
Statutory Auditors
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Breheny Group Plant Limited (Registered number: 01231207)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,365,472 1,574,101

CURRENT ASSETS
Stocks 4,188 8,452
Debtors 5 381,043 454,695
Cash at bank 239,484 193,291
624,715 656,438
CREDITORS
Amounts falling due within one year 6 1,280,949 1,271,142
NET CURRENT LIABILITIES (656,234 ) (614,704 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

709,238

959,397

CREDITORS
Amounts falling due after more than one
year

7

349,081

740,263
NET ASSETS 360,157 219,134

CAPITAL AND RESERVES
Called up share capital 9 24 24
Revaluation reserve 10 90 90
Capital redemption reserve 10 76 76
Retained earnings 10 359,967 218,944
SHAREHOLDERS' FUNDS 360,157 219,134

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 director and authorised for issue on 2 October 2023 and were signed by:





J N E Breheny - Director


Breheny Group Plant Limited (Registered number: 01231207)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Breheny Group Plant 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.

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.

The accounts are prepared on a going concern basis which assumes that the director will continue to support the company. If this support were not to continue then this basis may not be appropriate. As at 31 March 2023 the companies net current liabilities were £656,234 (2022: £614,704).

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover comprises the value of contracting work executed during the year. The value of contracting work is based on measured valuations, incorporating profit earned to the valuation date and adjusted for any anticipated losses.

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 - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

Leased plant and machinery
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.

Breheny Group Plant Limited (Registered number: 01231207)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2022 2,841,709
Additions 219,974
Disposals (188,680 )
At 31 March 2023 2,873,003
DEPRECIATION
At 1 April 2022 1,267,608
Charge for year 409,630
Eliminated on disposal (169,707 )
At 31 March 2023 1,507,531
NET BOOK VALUE
At 31 March 2023 1,365,472
At 31 March 2022 1,574,101

All fixed assets held by the company are used in the hiring of plant and equipment to its customers.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022 2,146,018
Additions 147,550
At 31 March 2023 2,293,568
DEPRECIATION
At 1 April 2022 790,332
Charge for year 351,531
At 31 March 2023 1,141,863
NET BOOK VALUE
At 31 March 2023 1,151,705
At 31 March 2022 1,355,686

Breheny Group Plant Limited (Registered number: 01231207)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 57,719 123,370
Other debtors 323,324 331,325
381,043 454,695

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 519,523 482,854
Trade creditors 321,066 328,723
Taxation and social security 51,399 56,906
Other creditors 388,961 402,659
1,280,949 1,271,142

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 349,081 740,263

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 868,604 1,223,117

The debts are secured over the assets concerned.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
47 Ordinary shares 50p 24 24

10. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 April 2022 218,944 90 76 219,110
Profit for the year 141,023 141,023
At 31 March 2023 359,967 90 76 360,133

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Shaw BSc FCA (Senior Statutory Auditor)
for and on behalf of Wright Vigar Limited

Breheny Group Plant Limited (Registered number: 01231207)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

12. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements 600,584 -

13. OTHER FINANCIAL COMMITMENTS

The company is party to a an omnibus guarantee and set off agreement, with an unlimited guarantee given by Breheny Group Limited, all subsidiaries within the Breheny Group, and by Breheny Group Plant Limited, Redbourne Homes (Epworth) Limited and Redbourne Homes (Nedging Tye) Limited. This is supported by debentures by Breheny Group Limited, by all subsidiaries within the Breheny Group, and by Breheny Group Plant Limited, Redbourne Homes (Epworth) Limited and Redbourne Homes (Nedging Tye) Limited.

The Facility is further secured by a first legal charge over all property held by the Breheny Group and its subsidiaries, and over freehold land and buildings held by Redbourne Homes (Epworth) Limited.

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J N E Breheny, a director, by virtue of his share holdings in the company.