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REGISTERED NUMBER: 05536605 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023

FOR

O'MALLEY PLANT HIRE LIMITED

O'MALLEY PLANT HIRE LIMITED (REGISTERED NUMBER: 05536605)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


O'MALLEY PLANT HIRE LIMITED

COMPANY INFORMATION
for the Year Ended 31st August 2023







DIRECTORS: Miss C O'Malley
Mr T A O'Malley





SECRETARY:





REGISTERED OFFICE: Fernwood
Barbary Plains
Edenhall
Penrith
Cumbria
CA11 8SR





REGISTERED NUMBER: 05536605 (England and Wales)





ACCOUNTANTS: DCB Accountants Limited
Compton House
104 Scotland Road
Penrith
Cumbria
CA11 7NR

O'MALLEY PLANT HIRE LIMITED (REGISTERED NUMBER: 05536605)

BALANCE SHEET
31st August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,101,769 978,649

CURRENT ASSETS
Stocks 5 272,620 251,986
Debtors 6 300,704 279,268
Cash at bank 349,488 131,157
922,812 662,411
CREDITORS
Amounts falling due within one year 7 521,162 483,003
NET CURRENT ASSETS 401,650 179,408
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,503,419

1,158,057

CREDITORS
Amounts falling due after more than one
year

8

(432,303

)

(441,609

)

PROVISIONS FOR LIABILITIES 9 (208,239 ) (140,852 )
NET ASSETS 862,877 575,596

CAPITAL AND RESERVES
Called up share capital 10 4,000 4,000
Capital redemption reserve 11 35,256 35,256
Retained earnings 11 823,621 536,340
SHAREHOLDERS' FUNDS 862,877 575,596

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

O'MALLEY PLANT HIRE LIMITED (REGISTERED NUMBER: 05536605)

BALANCE SHEET - continued
31st August 2023


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 Board of Directors and authorised for issue on 29th September 2023 and were signed on its behalf by:





Miss C O'Malley - Director


O'MALLEY PLANT HIRE LIMITED (REGISTERED NUMBER: 05536605)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st August 2023

1. STATUTORY INFORMATION

O'Malley Plant Hire 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.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 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
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.

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 29 (2022 - 27 ) .

O'MALLEY PLANT HIRE LIMITED (REGISTERED NUMBER: 05536605)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st August 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st September 2022 1,398,095 59,235 742,513 2,199,843
Additions 306,701 - 297,552 604,253
Disposals (305,708 ) - (166,435 ) (472,143 )
At 31st August 2023 1,399,088 59,235 873,630 2,331,953
DEPRECIATION
At 1st September 2022 666,337 53,412 501,445 1,221,194
Charge for year 236,699 1,456 129,101 367,256
Eliminated on disposal (214,047 ) - (144,219 ) (358,266 )
At 31st August 2023 688,989 54,868 486,327 1,230,184
NET BOOK VALUE
At 31st August 2023 710,099 4,367 387,303 1,101,769
At 31st August 2022 731,758 5,823 241,068 978,649

5. STOCKS
31.8.23 31.8.22
£    £   
Work-in-progress 272,620 251,986

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 300,704 279,268

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts 233,396 196,876
Trade creditors 207,659 209,509
Social security and other taxes 22,910 21,985
VAT 8,452 6,128
CBILS bank loan 44,445 44,445
Accrued expenses 4,300 4,060
521,162 483,003

O'MALLEY PLANT HIRE LIMITED (REGISTERED NUMBER: 05536605)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st August 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
CBILS bank loan 77,778 122,222
Hire purchase contracts 293,215 256,174
Director's loan account 61,310 63,213
432,303 441,609

9. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax 208,239 140,852

Deferred
tax
£   
Balance at 1st September 2022 140,852
Provided during year 67,387
Balance at 31st August 2023 208,239

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
4,000 Ordinary £1 4,000 4,000

11. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1st September 2022 536,340 35,256 571,596
Profit for the year 287,281 287,281
At 31st August 2023 823,621 35,256 858,877