Registered number
08909286
A.G. Plant / H.G.V Ltd
Unaudited Filleted Accounts
31 March 2024
A.G. Plant / H.G.V Ltd
Registered number: 08909286
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 34,961 20,712
Current assets
Debtors 4 - 12,096
Cash at bank and in hand 51,983 51,438
51,983 63,534
Creditors: amounts falling due within one year 5 (46,890) (49,520)
Net current assets 5,093 14,014
Net assets 40,054 34,726
Capital and reserves
Called up share capital 100 100
Profit and loss account 39,954 34,626
Shareholder's funds 40,054 34,726
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Gillingham
Director
Approved by the board on 3 April 2024
A.G. Plant / H.G.V Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 4,810 28,892 33,702
Additions - 39,074 39,074
Disposals - (28,892) (28,892)
At 31 March 2024 4,810 39,074 43,884
Depreciation
At 1 April 2023 3,745 9,245 12,990
Charge for the year 266 4,912 5,178
On disposals - (9,245) (9,245)
At 31 March 2024 4,011 4,912 8,923
Net book value
At 31 March 2024 799 34,162 34,961
At 31 March 2023 1,065 19,647 20,712
4 Debtors 2024 2023
£ £
Trade debtors - 12,096
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 801 787
Taxation and social security costs 7,574 13,486
Other creditors 38,515 35,247
46,890 49,520
6 Other information
A.G. Plant / H.G.V Ltd is a private company limited by shares and incorporated in England. Its registered office is:
10 Wheatsheaf Way
Linton
Cambridge
CB21 4XB
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