T.J Plant Limited
Registered number: 04035675
Statement of Financial Position
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 93,089 89,209
Current assets
Stocks 15,000 15,000
Debtors 5 51,477 61,564
Cash at bank and in hand 59,952 44,719
126,429 121,283
Creditors: amounts falling due within one year 6 (78,387) (79,216)
Net current assets 48,042 42,067
Total assets less current liabilities 141,131 131,276
Creditors: amounts falling due after more than one year 7 (8,648) (13,019)
Provisions for liabilities (14,418) (16,950)
Net assets 118,065 101,307
Capital and reserves
Called up share capital 2 2
Profit and loss account 118,063 101,305
Shareholder's funds 118,065 101,307
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G A Robertson
Director
Approved by the board on 5 October 2023
T.J Plant Limited
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% on cost
Motor vehicles 25% on cost
Computer equipment 33% on cost
Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Employees and directors 2023 2022
Number Number
Average number of directors and persons employed by the company 4 4
3 Government grants
During the prior year, the company received government grants under the coronavirus job retention scheme. These grants are shown in the profit and loss for the period in which the related salary expenditure was incurred.

During the prior year, the company also received a business interruption payment relating to interest payable on a bounce back loan taken out in the period. The grant is shown in the profit and loss in the period in which the related interest was incurred.

No government grants were received in the year to 30 April 2023.
2023 2022
£ £
Grants received under the covid job retention scheme - 5,409
Business interruption payments - 83
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2022 291,319
Additions 45,916
Disposals (14,600)
At 30 April 2023 322,635
Depreciation
At 1 May 2022 202,110
Charge for the year 36,196
On disposals (8,760)
At 30 April 2023 229,546
Net book value
At 30 April 2023 93,089
At 30 April 2022 89,209
5 Debtors 2023 2022
£ £
Trade debtors 41,304 48,773
Prepayments 3,275 -
Amounts owed by group undertakings and undertakings in which the company has a participating interest 924 -
Other debtors 5,974 12,791
51,477 61,564
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 4,259 3,760
Obligations under finance lease and hire purchase contracts 10,808 26,696
Trade creditors 22,290 23,697
Accruals 2,855 2,720
Corporation tax 767 -
Other taxes and social security costs 27,911 16,578
Other creditors 9,497 5,765
78,387 79,216
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 8,648 13,019
8 Other information
T.J Plant Limited is a private company limited by shares and incorporated in England. Its registered office is:
269 Farnborough Road
Farnborough
Hampshire
GU14 7LY
T.J Plant Limited 04035675 false 2022-05-01 2023-04-30 2023-04-30 VT Final Accounts April 2022 G A Robertson No description of principal activity 04035675 2021-05-01 2022-04-30 04035675 core:WithinOneYear 2022-04-30 04035675 core:AfterOneYear 2022-04-30 04035675 core:ShareCapital 2022-04-30 04035675 core:RetainedEarningsAccumulatedLosses 2022-04-30 04035675 2022-05-01 2023-04-30 04035675 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 04035675 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 04035675 bus:Director40 2022-05-01 2023-04-30 04035675 1 2022-05-01 2023-04-30 04035675 2 2022-05-01 2023-04-30 04035675 core:PlantMachinery 2022-05-01 2023-04-30 04035675 countries:England 2022-05-01 2023-04-30 04035675 bus:FRS102 2022-05-01 2023-04-30 04035675 bus:FullAccounts 2022-05-01 2023-04-30 04035675 2023-04-30 04035675 core:WithinOneYear 2023-04-30 04035675 core:AfterOneYear 2023-04-30 04035675 core:ShareCapital 2023-04-30 04035675 core:RetainedEarningsAccumulatedLosses 2023-04-30 04035675 core:PlantMachinery 2023-04-30 04035675 2022-04-30 04035675 core:PlantMachinery 2022-04-30 iso4217:GBP xbrli:pure