LEH Plant Hire Limited 09468373 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is that of renting and leasing of construction and civil engineering machinery and equipment Digita Accounts Production Advanced 6.30.9574.0 true 09468373 2022-04-01 2023-03-31 09468373 2023-03-31 09468373 bus:Director1 1 2023-03-31 09468373 core:CurrentFinancialInstruments 2023-03-31 09468373 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09468373 core:Non-currentFinancialInstruments 2023-03-31 09468373 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 09468373 core:OfficeEquipment 2023-03-31 09468373 core:PlantMachinery 2023-03-31 09468373 bus:SmallEntities 2022-04-01 2023-03-31 09468373 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 09468373 bus:FullAccounts 2022-04-01 2023-03-31 09468373 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 09468373 bus:RegisteredOffice 2022-04-01 2023-03-31 09468373 bus:Director1 2022-04-01 2023-03-31 09468373 bus:Director1 1 2022-04-01 2023-03-31 09468373 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09468373 core:OfficeEquipment 2022-04-01 2023-03-31 09468373 core:PlantMachinery 2022-04-01 2023-03-31 09468373 core:OtherRelatedParties 2022-04-01 2023-03-31 09468373 countries:EnglandWales 2022-04-01 2023-03-31 09468373 2022-03-31 09468373 bus:Director1 1 2022-03-31 09468373 core:OfficeEquipment 2022-03-31 09468373 core:PlantMachinery 2022-03-31 09468373 2021-04-01 2022-03-31 09468373 2022-03-31 09468373 core:CurrentFinancialInstruments 2022-03-31 09468373 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 09468373 core:Non-currentFinancialInstruments 2022-03-31 09468373 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 09468373 core:OfficeEquipment 2022-03-31 09468373 core:PlantMachinery 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 09468373

LEH Plant Hire Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

LEH Plant Hire Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

LEH Plant Hire Limited

Company Information

Director

L E Heath

Registered office

Unit 23
Tokenspire Business Park
Hull Road
Woodmansey
Beverley
HU17 0TB

 

LEH Plant Hire Limited

(Registration number: 09468373)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

63,103

78,910

Current assets

 

Debtors

5

65,882

55,577

Cash at bank and in hand

 

14,809

1,439

 

80,691

57,016

Creditors: Amounts falling due within one year

6

(36,260)

(23,596)

Net current assets

 

44,431

33,420

Total assets less current liabilities

 

107,534

112,330

Creditors: Amounts falling due after more than one year

6

(2,712)

(13,328)

Provisions for liabilities

(11,989)

(14,993)

Net assets

 

92,833

84,009

Capital and reserves

 

Called up share capital

1

1

Retained earnings

92,832

84,008

Shareholders' funds

 

92,833

84,009

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.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 October 2023
 

.........................................
L E Heath
Director

 

LEH Plant Hire Limited

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

1

General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 09468373.

The address of its registered office is:
Unit 23
Tokenspire Business Park
Hull Road
Woodmansey
Beverley
HU17 0TB

These financial statements were authorised for issue by the director on 20 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of plant hire services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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 specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

LEH Plant Hire Limited

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

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

Office equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for goods sold in the ordinary course of business.

Trade debtors are recognised initially at the transaction price less any bad debts. A provision for the bad debts of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

LEH Plant Hire Limited

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 1 (2022 - 1).

 

LEH Plant Hire Limited

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

4

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2022

181,252

805

182,057

At 31 March 2023

181,252

805

182,057

Depreciation

At 1 April 2022

102,845

302

103,147

Charge for the year

15,681

126

15,807

At 31 March 2023

118,526

428

118,954

Carrying amount

At 31 March 2023

62,726

377

63,103

At 31 March 2022

78,407

503

78,910

5

Debtors

2023
£

2022
£

Trade debtors

58,199

41,526

Other debtors

5,622

11,380

Prepayments and accrued income

2,061

2,671

Total current trade and other debtors

65,882

55,577

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

12,894

9,728

Taxation and social security

 

11,485

2,420

Accruals and deferred income

 

1,265

1,203

Loans and borrowings

7

10,616

10,245

 

36,260

23,596

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

2,712

13,328

 

LEH Plant Hire Limited

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

7

Loans and borrowings

2023
£

2022
£

Current secured loans and borrowings

Obligations under finance lease and hire purchase contracts

10,616

10,245

2023
£

2022
£

Non-current secured loans and borrowings

Obligations under finance lease and hire purchase contracts

2,712

13,328

Hire purchase obligations are secured on the assets they relate to.

8

Related party transactions

Transactions with the Director

2023

At 1 April 2022
£

Advances to Director
£

Repayments by Director
£

At 31 March 2023
£

L E Heath

Unsecured, interest free loan, repayable on demand

(11,116)

(5,742)

11,500

(5,358)

         
       

 

Other transactions with the Director

At the year end, the Director owed the company £5,358 (2022: £11,116). The amount is unsecured, interest-free and repayable on demand.

Summary of transactions with other related parties

N A Heath Contracting Limited
(a company in which L E Heath is also a director)

 
As at 31 March 2023, LEH Plant Hire Limited was owed net debtors of £57,278 from N A Heath Contracting Limited (2022: £41,526). The amounts are unsecured, interest-free and repayable on demand.