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
Wyke Plant Hire Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
156,911
142,742
Cash at bank and in hand
57,544
43,814
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
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
Wyke Plant Hire Ltd
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
During the year, the company issued new shares with an aggregate nominal value of £3.
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
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
At 31 March 2023
150,577
6,334
156,911
At 31 March 2022
137,922
4,820
142,742
Amounts falling due within one year
Trade debtors
34,391
18,283
Other debtors
159,054
165,718
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
11,418
5,160
Trade creditors
27,689
9,075
Taxes and social security
11,112
3,638
Other creditors
25,558
27,922
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 3 (2022: 2).