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REGISTERED NUMBER: 10948569 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

ROCHFORD PLANT HIRE LIMITED

ROCHFORD PLANT HIRE LIMITED (REGISTERED NUMBER: 10948569)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROCHFORD PLANT HIRE LIMITED

COMPANY INFORMATION
for the Year Ended 31 MAY 2023







DIRECTORS: Mr T Harkin
Mr J Harkin
Mrs K H Harkin
Mr M J Harkin





REGISTERED OFFICE: 260 - 270
Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





REGISTERED NUMBER: 10948569 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

ROCHFORD PLANT HIRE LIMITED (REGISTERED NUMBER: 10948569)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 437,826 315,179

CURRENT ASSETS
Debtors 5 43,098 296,197
Cash at bank and in hand 256 7,176
43,354 303,373
CREDITORS
Amounts falling due within one year 6 138,985 403,757
NET CURRENT LIABILITIES (95,631 ) (100,384 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

342,195

214,795

CREDITORS
Amounts falling due after more than one
year

7

(117,630

)

(57,827

)

PROVISIONS FOR LIABILITIES 10 (98,600 ) (35,905 )
NET ASSETS 125,965 121,063

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 125,865 120,963
125,965 121,063

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

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

ROCHFORD PLANT HIRE LIMITED (REGISTERED NUMBER: 10948569)

BALANCE SHEET - continued
31 MAY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by:





Mr J Harkin - Director


ROCHFORD PLANT HIRE LIMITED (REGISTERED NUMBER: 10948569)

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

1. STATUTORY INFORMATION

Rochford 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts have been prepared on a going concern basis, and despite the impact of COVID-19 on the business since 23rd March 2020 the directors believe the company to remain a going concern for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts
receivable for goods supplied and services rendered, stated net of discounts and any Value Added Tax. Turnover from the sale of goods and services is recognised when the significant risks and rewards have been transferred and the amount can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on disposal of an asset is determined at the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


ROCHFORD PLANT HIRE LIMITED (REGISTERED NUMBER: 10948569)

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

2. ACCOUNTING POLICIES - continued
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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022 459,297 341,997 710 802,004
Additions 114,339 193,776 - 308,115
Disposals (74,494 ) (76,909 ) - (151,403 )
At 31 May 2023 499,142 458,864 710 958,716
DEPRECIATION
At 1 June 2022 292,160 194,255 410 486,825
Charge for year 65,831 80,816 75 146,722
Eliminated on disposal (53,999 ) (58,658 ) - (112,657 )
At 31 May 2023 303,992 216,413 485 520,890
NET BOOK VALUE
At 31 May 2023 195,150 242,451 225 437,826
At 31 May 2022 167,137 147,742 300 315,179

ROCHFORD PLANT HIRE LIMITED (REGISTERED NUMBER: 10948569)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2022 30,400 235,908 266,308
Additions - 193,776 193,776
Transfer to ownership (30,400 ) (83,908 ) (114,308 )
At 31 May 2023 - 345,776 345,776
DEPRECIATION
At 1 June 2022 17,575 122,830 140,405
Charge for year - 70,076 70,076
Transfer to ownership (17,575 ) (57,359 ) (74,934 )
At 31 May 2023 - 135,547 135,547
NET BOOK VALUE
At 31 May 2023 - 210,229 210,229
At 31 May 2022 12,825 113,078 125,903

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,775 104,613
Other debtors 901 876
VAT 5,665 -
Prepayments 16,757 15,708
Accrued income - 175,000
43,098 296,197

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 94,865 55,937
Trade creditors 36,592 28,430
Taxation and social security 6,274 3,683
VAT - 17,917
Other creditors 89 296,698
Accruals and deferred income 1,165 1,092
138,985 403,757

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 117,630 57,827

ROCHFORD PLANT HIRE LIMITED (REGISTERED NUMBER: 10948569)

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

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 94,865 55,937
Between one and five years 117,630 57,827
212,495 113,764

Non-cancellable operating leases
2023 2022
£    £   
Within one year 94,865 55,937
Between one and five years 117,630 57,827
212,495 113,764

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 212,495 113,764

Security on the hire purchase contracts is given against the assets.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 98,600 35,905

Deferred
tax
£   
Balance at 1 June 2022 35,905
Provided during year 62,695
Balance at 31 May 2023 98,600