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Company Registration No. 05103516 (England and Wales)
Wyke Plant Hire Ltd Unaudited accounts for the year ended 31 March 2023
Wyke Plant Hire Ltd Unaudited accounts Contents
Page
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Wyke Plant Hire Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
156,911 
142,742 
Current assets
Inventories
300 
200 
Debtors
193,445 
184,001 
Cash at bank and in hand
57,544 
43,814 
251,289 
228,015 
Creditors: amounts falling due within one year
(75,777)
(50,153)
Net current assets
175,512 
177,862 
Total assets less current liabilities
332,423 
320,604 
Creditors: amounts falling due after more than one year
(18,658)
(36,333)
Provisions for liabilities
Deferred tax
(29,166)
(27,121)
Net assets
284,599 
257,150 
Capital and reserves
Called up share capital
54 
54 
Capital redemption reserve
49 
49 
Profit and loss account
284,496 
257,047 
Shareholders' funds
284,599 
257,150 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 November 2023 and were signed on its behalf by
Mr J Wyke Director Company Registration No. 05103516
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Wyke Plant Hire Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Wyke Plant Hire Ltd is a private company, limited by shares, registered in England and Wales, registration number 05103516. The registered office is Greenhaven Pulley Lane, Bayston Hill, Shrewsbury, Shropshire, SY3 0JH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance basis
Motor vehicles
25% reducing balance basis
Capital redemption reserve
The capital redemption reserve represents the nominal value of share capital repurchased by the company on 30 March 2017.
Share capital
During the year, the company issued new shares with an aggregate nominal value of £3.
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Wyke Plant Hire Ltd Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
321,619 
15,233 
336,852 
Additions
48,000 
3,625 
51,625 
At 31 March 2023
369,619 
18,858 
388,477 
Depreciation
At 1 April 2022
183,697 
10,413 
194,110 
Charge for the year
35,345 
2,111 
37,456 
At 31 March 2023
219,042 
12,524 
231,566 
Net book value
At 31 March 2023
150,577 
6,334 
156,911 
At 31 March 2022
137,922 
4,820 
142,742 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
34,391 
18,283 
Other debtors
159,054 
165,718 
193,445 
184,001 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
11,418 
5,160 
VAT
- 
4,358 
Trade creditors
27,689 
9,075 
Taxes and social security
11,112 
3,638 
Other creditors
25,558 
27,922 
75,777 
50,153 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
18,658 
36,333 
8
Average number of employees
During the year the average number of employees was 3 (2022: 2).
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