IRIS Accounts Production v23.3.0.418 SC318096 Board of Directors 1.2.22 31.1.23 31.1.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3180962022-01-31SC3180962023-01-31SC3180962022-02-012023-01-31SC3180962021-01-31SC3180962021-02-012022-01-31SC3180962022-01-31SC318096ns10:Originalns15:Scotland2022-02-012023-01-31SC318096ns14:PoundSterlingns10:Original2022-02-012023-01-31SC318096ns10:Originalns10:Director12022-02-012023-01-31SC318096ns10:Original2022-02-012023-01-31SC318096ns10:Original2023-01-31SC318096ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-01-31SC318096ns10:Originalns10:SmallEntities2022-02-012023-01-31SC318096ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-01-31SC318096ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-31SC318096ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-31SC318096ns10:Originalns10:AbridgedAccounts2022-02-012023-01-31SC318096ns10:Original2021-02-012022-01-31SC318096ns10:Original2022-01-31SC318096ns10:Originalns5:CurrentFinancialInstruments2023-01-31SC318096ns10:Originalns5:CurrentFinancialInstruments2022-01-31SC318096ns10:Originalns5:Non-currentFinancialInstruments2023-01-31SC318096ns10:Originalns5:Non-currentFinancialInstruments2022-01-31SC318096ns5:ShareCapitalns10:Original2023-01-31SC318096ns5:ShareCapitalns10:Original2022-01-31SC318096ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-31SC318096ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-31SC318096ns10:Originalns10:RegisteredOffice2022-02-012023-01-31SC318096ns10:Originalns5:PlantMachinery2022-02-012023-01-31SC318096ns10:Originalns5:FurnitureFittings2022-02-012023-01-31SC318096ns10:Original2022-01-31
REGISTERED NUMBER: SC318096 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

CMH PLANT LTD

CMH PLANT LTD (REGISTERED NUMBER: SC318096)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


CMH PLANT LTD (REGISTERED NUMBER: SC318096)

ABRIDGED BALANCE SHEET
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 501,718 497,004

CURRENT ASSETS
Stocks 10,610 12,720
Debtors 181,058 112,316
191,668 125,036
CREDITORS
Amounts falling due within one year 355,605 321,611
NET CURRENT LIABILITIES (163,937 ) (196,575 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

337,781

300,429

CREDITORS
Amounts falling due after more than one
year

(197,559

)

(229,051

)

PROVISIONS FOR LIABILITIES (91,466 ) (20,628 )
NET ASSETS 48,756 50,750

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 48,655 50,649
SHAREHOLDERS' FUNDS 48,756 50,750

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

CMH PLANT LTD (REGISTERED NUMBER: SC318096)

ABRIDGED BALANCE SHEET - continued
31 January 2023



The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:





C McHugh - Director


CMH PLANT LTD (REGISTERED NUMBER: SC318096)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

CMH Plant Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC318096

Registered office: 34 Picketlaw Farm Road
Carmunnock
Glasgow
G76 9EJ

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 and revenue recognition
Turnover represents net invoiced sales of plant hire, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

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 - 25% on reducing balance
Fixtures and fittings - 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.

CMH PLANT LTD (REGISTERED NUMBER: SC318096)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2022 811,086
Additions 147,800
Disposals (72,350 )
At 31 January 2023 886,536
DEPRECIATION
At 1 February 2022 314,082
Charge for year 120,671
Eliminated on disposal (49,935 )
At 31 January 2023 384,818
NET BOOK VALUE
At 31 January 2023 501,718
At 31 January 2022 497,004

CMH PLANT LTD (REGISTERED NUMBER: SC318096)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 February 2022 556,600
Additions 103,000
Disposals (72,350 )
At 31 January 2023 587,250
DEPRECIATION
At 1 February 2022 264,813
Charge for year 111,280
Eliminated on disposal (49,935 )
At 31 January 2023 326,158
NET BOOK VALUE
At 31 January 2023 261,092
At 31 January 2022 291,787

5. ULTIMATE CONTROLLING PARTY

The controlling party is C McHugh.