Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mr J V Redman 23/03/2016 Mr T Sharp 23/03/2016 20 September 2023 The principal activity of the Company during the financial year was the hire of plant and equipment to group companies. 10079959 2023-03-31 10079959 bus:Director1 2023-03-31 10079959 bus:Director2 2023-03-31 10079959 2022-03-31 10079959 core:CurrentFinancialInstruments 2023-03-31 10079959 core:CurrentFinancialInstruments 2022-03-31 10079959 core:ShareCapital 2023-03-31 10079959 core:ShareCapital 2022-03-31 10079959 core:RetainedEarningsAccumulatedLosses 2023-03-31 10079959 core:RetainedEarningsAccumulatedLosses 2022-03-31 10079959 core:PlantMachinery 2022-03-31 10079959 core:Vehicles 2022-03-31 10079959 core:OfficeEquipment 2022-03-31 10079959 core:PlantMachinery 2023-03-31 10079959 core:Vehicles 2023-03-31 10079959 core:OfficeEquipment 2023-03-31 10079959 bus:OrdinaryShareClass1 2023-03-31 10079959 2022-04-01 2023-03-31 10079959 bus:FullAccounts 2022-04-01 2023-03-31 10079959 bus:SmallEntities 2022-04-01 2023-03-31 10079959 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10079959 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10079959 bus:Director1 2022-04-01 2023-03-31 10079959 bus:Director2 2022-04-01 2023-03-31 10079959 core:PlantMachinery core:TopRangeValue 2022-04-01 2023-03-31 10079959 core:Vehicles 2022-04-01 2023-03-31 10079959 core:OfficeEquipment core:TopRangeValue 2022-04-01 2023-03-31 10079959 core:IncreaseDecreaseDueToTransitionFromPreviousStandard 2022-04-01 2023-03-31 10079959 2021-04-01 2022-03-31 10079959 core:PlantMachinery 2022-04-01 2023-03-31 10079959 core:OfficeEquipment 2022-04-01 2023-03-31 10079959 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 10079959 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10079959 (England and Wales)

SYCAMORE PLANT AND EQUIPMENT LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

SYCAMORE PLANT AND EQUIPMENT LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

SYCAMORE PLANT AND EQUIPMENT LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2023
SYCAMORE PLANT AND EQUIPMENT LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTORS Mr J V Redman
Mr T Sharp
SECRETARY Mr T Sharp
REGISTERED OFFICE Sycamore House
King Arthurs Park
Sparkford
BA22 7FE
United Kingdom
COMPANY NUMBER 10079959 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Blackbrook Gate 1
Blackbrook Business Park
Taunton
Somerset TA1 2PX
SYCAMORE PLANT AND EQUIPMENT LIMITED

BALANCE SHEET

As at 31 March 2023
SYCAMORE PLANT AND EQUIPMENT LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 118,401 107,393
118,401 107,393
Current assets
Debtors 5 100 745
Cash at bank and in hand 508 306
608 1,051
Creditors: amounts falling due within one year 6 ( 86,205) ( 77,702)
Net current liabilities (85,597) (76,651)
Total assets less current liabilities 32,804 30,742
Provision for liabilities ( 22,496) ( 20,405)
Net assets 10,308 10,337
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 10,208 10,237
Total shareholder's funds 10,308 10,337

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Sycamore Plant and Equipment Limited (registered number: 10079959) were approved and authorised for issue by the Board of Directors on 20 September 2023. They were signed on its behalf by:

Mr J V Redman
Director
Mr T Sharp
Director
SYCAMORE PLANT AND EQUIPMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
SYCAMORE PLANT AND EQUIPMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Sycamore Plant and Equipment Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sycamore House, King Arthurs Park, Sparkford, BA22 7FE, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity, and is accrued on a time basis.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Change in basis of accounting

The Company has adopted FRS 102 - the Financial Reporting Standard applicable in the UK and Republic or Ireland. The company has transferred from the FRS 105 - the Financial Reporting Standard applicable to the Mirco-entities Regime as at 1 April 2021. The impact on the the financial statements can be seen in note 2.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line/reducing balance basis over its expected useful life, as follows:

Plant and machinery 6.67 years straight line
Vehicles 20 % reducing balance
Office equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases


The Company as lessor
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2.Transition to FRS102

The Company has adopted FRS 102 for the year ended 31 March 2023 and has restated the comparative year amounts.

Reconciliation of equity

Note 01.04.2021 31.03.2022
£ £
Capital and reserves (as previously stated) 19,668 30,742
Deferred tax i (19,579) (20,405)
Capital and reserves (as restated) 89 10,337

Reconciliation of profit or loss

Note 31.03.2022
£
Profit for the year (as previously stated) 11,074
Deferred tax i (826)
Profit for the year (as restated) 10,248

Notes to the reconciliations

(i) Deferred tax
Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date.

3. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

4. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 01 April 2022 126,583 48,458 71,174 246,215
Additions 19,860 0 29,321 49,181
Disposals 0 ( 15,957) ( 3,097) ( 19,054)
At 31 March 2023 146,443 32,501 97,398 276,342
Accumulated depreciation
At 01 April 2022 75,004 32,118 31,700 138,822
Charge for the financial year 15,953 3,128 15,328 34,409
Disposals 0 ( 12,419) ( 2,871) ( 15,290)
At 31 March 2023 90,957 22,827 44,157 157,941
Net book value
At 31 March 2023 55,486 9,674 53,241 118,401
At 31 March 2022 51,579 16,340 39,474 107,393

5. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 100 100
Other debtors 0 645
100 745

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 0 294
Amounts owed to Group undertakings 80,724 76,573
Taxation and social security 4,566 0
Other creditors 915 835
86,205 77,702

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100