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REGISTERED NUMBER: 03192366















REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

M. O'BRIEN (PLANT HIRE) LTD.

M. O'BRIEN (PLANT HIRE) LTD. (REGISTERED NUMBER: 03192366)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 4

Statement of Income and Retained Earnings 7

Balance Sheet 8

Notes to the Financial Statements 9


M. O'BRIEN (PLANT HIRE) LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: M O'Brien
Mrs A M O'Brien
J O'Donnell
D O'Brien
C M O'Brien



REGISTERED OFFICE: Hill & Coles Farm
London Road
Markyate
St Albans
Hertfordshire
AL3 8HA



REGISTERED NUMBER: 03192366



SENIOR STATUTORY AUDITOR: Alexander M West FCA



AUDITORS: Somersby Ltd
30 Nelson Street
Leicester
Leicestershire
LE1 7BA

M. O'BRIEN (PLANT HIRE) LTD. (REGISTERED NUMBER: 03192366)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2022


The directors present their report with the financial statements of the company for the year ended 31 December 2022.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2022 to the date of this report.

M O'Brien
Mrs A M O'Brien
J O'Donnell
D O'Brien
C M O'Brien

Other changes in directors holding office are as follows:

M Ruane - resigned 1 October 2022

POLITICAL DONATIONS AND EXPENDITURE
Charitable donations of £9,534.99 have been made in the year.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Somersby Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.


M. O'BRIEN (PLANT HIRE) LTD. (REGISTERED NUMBER: 03192366)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2022

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M O'Brien - Director


29 September 2023

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
M. O'BRIEN (PLANT HIRE) LTD.


Opinion
We have audited the financial statements of M. O'brien (Plant Hire) Ltd. (the 'company') for the year ended 31 December 2022 which comprise the Statement of Income and Retained Earnings, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2022 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
M. O'BRIEN (PLANT HIRE) LTD.


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We designed and performed control and substantive testing with our responsibilities in respect to detecting irregularities in mind. We applied an approach of scepticism at all times. Although our audit is not a guarantee that no fraud or irregularities exist, we believe our approach has aa reasonable expectation of detecting material irregularities, including fraud, should they exist.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
M. O'BRIEN (PLANT HIRE) LTD.


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Alexander M West FCA (Senior Statutory Auditor)
for and on behalf of Somersby Ltd
30 Nelson Street
Leicester
Leicestershire
LE1 7BA

29 September 2023

M. O'BRIEN (PLANT HIRE) LTD. (REGISTERED NUMBER: 03192366)

STATEMENT OF INCOME AND
RETAINED EARNINGS
FOR THE YEAR ENDED 31 DECEMBER 2022

2022 2021
Notes £    £   

TURNOVER 42,004,708 30,871,395

Cost of sales 29,515,426 21,516,327
GROSS PROFIT 12,489,282 9,355,068

Administrative expenses 1,552,047 1,022,500
10,937,235 8,332,568

Other operating income 143,898 52,674
OPERATING PROFIT 4 11,081,133 8,385,242

Interest receivable and similar income 44 1
11,081,177 8,385,243

Interest payable and similar expenses 435,480 288,248
PROFIT BEFORE TAXATION 10,645,697 8,096,995

Tax on profit 1,784,000 3,157,500
PROFIT FOR THE FINANCIAL YEAR 8,861,697 4,939,495

Retained earnings at beginning of year 22,865,780 18,355,368

Dividends 5 (547,500 ) (429,083 )

RETAINED EARNINGS AT END OF
YEAR

31,179,977

22,865,780

M. O'BRIEN (PLANT HIRE) LTD. (REGISTERED NUMBER: 03192366)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 45,309,288 38,075,455

CURRENT ASSETS
Debtors 7 10,787,469 8,113,500
Cash at bank and in hand 2,533,950 3,063,500
13,321,419 11,177,000
CREDITORS
Amounts falling due within one year 8 16,246,759 15,777,827
NET CURRENT LIABILITIES (2,925,340 ) (4,600,827 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,383,948

33,474,628

CREDITORS
Amounts falling due after more than one
year

9

(4,562,471

)

(5,751,348

)

PROVISIONS FOR LIABILITIES (6,641,400 ) (4,857,400 )
NET ASSETS 31,180,077 22,865,880

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 31,179,977 22,865,780
SHAREHOLDERS' FUNDS 31,180,077 22,865,880

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:





M O'Brien - Director


M. O'BRIEN (PLANT HIRE) LTD. (REGISTERED NUMBER: 03192366)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

M. O'brien (Plant Hire) Ltd. is a private company, limited by shares , registered in Not specified/Other. 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 - 10% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

M. O'BRIEN (PLANT HIRE) LTD. (REGISTERED NUMBER: 03192366)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


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 85 (2021 - 70 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2022 2021
£    £   
Depreciation - owned assets 2,113,390 1,886,873

5. DIVIDENDS
2022 2021
£    £   
Ordinary Shares shares of 1 each
Interim 547,500 429,083

6. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2022 170,171 52,220,902 59,211
Additions - 13,089,908 27,315
Disposals - (2,368,520 ) -
At 31 December 2022 170,171 62,942,290 86,526
DEPRECIATION
At 1 January 2022 - 14,800,701 39,927
Charge for year - 4,337,536 13,979
Eliminated on disposal - (736,516 ) -
At 31 December 2022 - 18,401,721 53,906
NET BOOK VALUE
At 31 December 2022 170,171 44,540,569 32,620
At 31 December 2021 170,171 37,420,201 19,284

M. O'BRIEN (PLANT HIRE) LTD. (REGISTERED NUMBER: 03192366)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


6. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2022 1,028,329 111,979 53,590,592
Additions 281,916 3,558 13,402,697
Disposals - - (2,368,520 )
At 31 December 2022 1,310,245 115,537 64,624,769
DEPRECIATION
At 1 January 2022 581,758 92,751 15,515,137
Charge for year 178,654 6,691 4,536,860
Eliminated on disposal - - (736,516 )
At 31 December 2022 760,412 99,442 19,315,481
NET BOOK VALUE
At 31 December 2022 549,833 16,095 45,309,288
At 31 December 2021 446,571 19,228 38,075,455

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2022 22,106,640 88,512 22,195,152
Additions 12,581,996 - 12,581,996
Transfer to ownership (4,192,943 ) (88,512 ) (4,281,455 )
At 31 December 2022 30,495,693 - 30,495,693
DEPRECIATION
At 1 January 2022 1,454,245 31,200 1,485,445
Charge for year 2,423,470 - 2,423,470
Transfer to ownership (559,329 ) (31,200 ) (590,529 )
At 31 December 2022 3,318,386 - 3,318,386
NET BOOK VALUE
At 31 December 2022 27,177,307 - 27,177,307
At 31 December 2021 20,652,395 57,312 20,709,707

M. O'BRIEN (PLANT HIRE) LTD. (REGISTERED NUMBER: 03192366)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 8,259,594 6,011,908
Amounts owed by participating interests 988,392 638,392
Other debtors 1,539,483 1,463,200
10,787,469 8,113,500

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 10,186,642 9,078,123
Trade creditors 5,700,265 6,364,713
Amounts owed to participating interests 93,050 93,050
Taxation and social security 138,147 125,829
Other creditors 128,655 116,112
16,246,759 15,777,827

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 1,410,096 1,254,762
Hire purchase contracts 1,802,375 4,437,275
Other creditors 1,350,000 59,311
4,562,471 5,751,348

Amounts falling due in more than five years:

Repayable by instalments
Barclays 2-13473761515 1,410,096 1,254,762