REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2023 |
FOR |
DUDDON HIRE (LAKELAND) LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2023 |
FOR |
DUDDON HIRE (LAKELAND) LIMITED |
DUDDON HIRE (LAKELAND) LIMITED (REGISTERED NUMBER: 05457899) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
DUDDON HIRE (LAKELAND) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MAY 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
BANKERS: |
113 Dalton Road |
Barrow-in-Furness |
Cumbria |
LA14 1WY |
DUDDON HIRE (LAKELAND) LIMITED (REGISTERED NUMBER: 05457899) |
ABRIDGED BALANCE SHEET |
31 MAY 2023 |
31.5.23 | 31.5.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors |
Cash in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
5 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
DUDDON HIRE (LAKELAND) LIMITED (REGISTERED NUMBER: 05457899) |
ABRIDGED BALANCE SHEET - continued |
31 MAY 2023 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
DUDDON HIRE (LAKELAND) LIMITED (REGISTERED NUMBER: 05457899) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2023 |
1. | STATUTORY INFORMATION |
Duddon Hire (Lakeland) Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net invoiced sales of goods and services, excluding VAT. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 June 2022 |
Additions |
Disposals | ( |
) |
At 31 May 2023 |
DEPRECIATION |
At 1 June 2022 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 May 2023 |
NET BOOK VALUE |
At 31 May 2023 |
At 31 May 2022 |
DUDDON HIRE (LAKELAND) LIMITED (REGISTERED NUMBER: 05457899) |
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: |
Totals |
£ |
COST |
At 1 June 2022 | 856,498 |
Additions | 641,491 |
Disposals | (169,935 | ) |
At 31 May 2023 | 1,328,054 |
DEPRECIATION |
At 1 June 2022 | 702,217 |
Charge for year | 147,544 |
Eliminated on disposal | (133,292 | ) |
At 31 May 2023 | 716,469 |
NET BOOK VALUE |
At 31 May 2023 | 611,585 |
At 31 May 2022 | 154,281 |
5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
31.5.23 | 31.5.22 |
£ | £ |
Repayable by instalments |
Hire purchase | 228,467 | - |
6. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.5.23 | 31.5.22 |
£ | £ |
Hire purchase contracts | 627,897 | 103,837 |
National Westminster Bank PLC hold debenture over the company incorporating a fixed charge, a floating charge and a negative pledge. |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.5.23 | 31.5.22 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
DUDDON HIRE (LAKELAND) LIMITED (REGISTERED NUMBER: 05457899) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2023 |
8. | RELATED PARTY DISCLOSURES |
Lakeland Aggregates Limited a company controlled by Mr S I Sharp sold goods to the company in the period valued at £456 (2022: £96) and purchased goods from the company valued at £4,297 plus VAT (2022: £3,292). The net balance owed by the company at the 31st May 2023 was £2,010 (2022: £3,196). |
company at the 31st May 2023 was £20,572 (2022: £12,772). |
The company loaned £107,321 to Storey Sharp Contractors a partnership consisting of Mr S I Sharp and his wife (2022: £64,389) Interest of 5% has been charged on this loan. |
9. | ULTIMATE CONTROLLING PARTY |
The company is controlled by Mr S I Sharp. |