Coleman & Company Plant Hire Limited 07775303 false 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is The company holds preference shares but did not trade throughout the period. Digita Accounts Production Advanced 6.30.9574.0 true false true 07775303 2022-05-01 2023-04-30 07775303 2023-04-30 07775303 bus:OrdinaryShareClass1 2023-04-30 07775303 core:CurrentFinancialInstruments 2023-04-30 07775303 core:Non-currentFinancialInstruments 2023-04-30 07775303 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 07775303 bus:SmallEntities 2022-05-01 2023-04-30 07775303 bus:Audited 2022-05-01 2023-04-30 07775303 bus:FullAccounts 2022-05-01 2023-04-30 07775303 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 07775303 bus:RegisteredOffice 2022-05-01 2023-04-30 07775303 bus:CompanySecretary1 2022-05-01 2023-04-30 07775303 bus:Director2 2022-05-01 2023-04-30 07775303 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 07775303 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 07775303 1 2022-05-01 2023-04-30 07775303 countries:AllCountries 2022-05-01 2023-04-30 07775303 2021-05-01 2022-04-30 07775303 2022-04-30 07775303 bus:OrdinaryShareClass1 2022-04-30 07775303 core:CurrentFinancialInstruments 2022-04-30 07775303 core:Non-currentFinancialInstruments 2022-04-30 07775303 core:Non-currentFinancialInstruments core:AfterOneYear 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07775303

Coleman & Company Plant Hire Limited

Annual Report and Financial Statements

for the Year Ended 30 April 2023

 

Coleman & Company Plant Hire Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

Coleman & Company Plant Hire Limited

Company Information

Director

Mr M A Coleman

Company secretary

Ms L Morris

Registered office

Shady Lane
Great Barr
Birmingham
B44 9ER

Solicitors

Gateley Plc
One Eleven
Edmund Street
Birmingham
B3 2HJ

Auditors

Fruition Accountancy LLP
29 Wood Street
Stratford-Upon-Avon
Warwickshire
CV37 6JG

 

Coleman & Company Plant Hire Limited

(Registration number: 07775303)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

1

1

Cash at bank and in hand

 

1,300

1,326

 

1,301

1,327

Creditors: Amounts falling due after more than one year

5

(2,692)

(2,692)

Net liabilities

 

(1,391)

(1,365)

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

(1,392)

(1,366)

Shareholders' deficit

 

(1,391)

(1,365)

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 24 October 2023
 

.........................................
Mr M A Coleman
Director

 

Coleman & Company Plant Hire Limited

Notes to the Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Shady Lane
Great Barr
Birmingham
B44 9ER

These financial statements were authorised for issue by the director on 24 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 prepared in Sterling which is the functional currency of the company and are rounded to the nearest £1.

Summary of disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS102 “The Financial Reporting Standard applicable in the UK and the Republic of Ireland”.
- The requirements of Section 4 Statement of Financial Position paragraph 4.12(a)(iv);
- The requirements of Section 11 Financial Instruments paragraphs 11.41(b), 11.41(c), 11.41(e), 11.41(f), 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
- The requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A; and
- The requirements of Section 33 Related Party Disclosure paragraphs 33.7.
This information is included in the consolidated financial statements of CNC Group Holdings Limited as at 30 April 2023 and these financial statements may be obtained from Shady Lane, Great Barr, Birmingham, B44 9ER.

 

Coleman & Company Plant Hire Limited

Notes to the Financial Statements for the Year Ended 30 April 2023

Going concern

The financial statements have been prepared on a going concern basis.

After making enquiries and preparing integrated group profit and loss and cash flow forecasts for one year from the date the financial statements are signed, the Directors have formed a judgement that, as at the date of approving the financial statements, there is a reasonable expectation that the Group and the Company have adequate resources to continue in existence for the foreseeable future.

The Directors acknowledge that the company is reliant on ongoing operational and financial support from CNC Group Holdings Limited and Coleman & Company Limited.

Accordingly, the Directors continue to adopt the going concern basis in preparing the financial statements.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 24 October 2023 was Michelle Vincent, who signed for and on behalf of Fruition Accountancy LLP.

.........................................

Judgements

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will by definition seldom equal the actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year.

There were no critical judgements made in applying the company’s accounting policies. The directors do not consider there to be any key sources of estimation uncertainty that would have a material effect on the financial statements.

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 merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment 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.

 

Coleman & Company Plant Hire Limited

Notes to the Financial Statements for the Year Ended 30 April 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.

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.

Financial instruments

Classification
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flow and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently at the undiscounted amount of cash or other consideration expected to be paid or received.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Statement of Comprehensive Income.

 

3

Staff numbers

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

4

Debtors

Current

2023
£

2022
£

Other debtors

1

1

 

Coleman & Company Plant Hire Limited

Notes to the Financial Statements for the Year Ended 30 April 2023

5

Creditors

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

2,692

2,692

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

         

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Redeemable preference shares

2,692

2,692

In April 2017 the company issued 5% preference shares that the company is obliged to redeem between April 2024 but no later than April 2029. Shares are redeemable in minimum multiples of £35,000 at an amount equal to the issue price plus 10% of the issue price.

Preference shares carry no voting rights.

8

Parent and ultimate parent undertaking

The company's immediate parent is CNC Group Holdings Limited, incorporated in England & Wales.

 The most senior parent entity producing publicly available financial statements is CNC Group Holdings Limited. These financial statements are available upon request from Companies House, Crown Way, Cardiff, CF14 3UZ.

 The ultimate controlling party is M A Coleman.