1 July 2022 false No description of principal activity Taxfiler 2023.14 SC702715business:PrivateLimitedCompanyLtd2022-07-012023-06-30 SC7027152022-06-30 SC7027152022-07-012023-06-30 SC702715business:AuditExemptWithAccountantsReport2022-07-012023-06-30 SC702715business:AbridgedAccounts2022-07-012023-06-30 SC7027152023-06-30 SC702715business:Director12022-07-012023-06-30 SC702715business:Director22022-07-012023-06-30 SC702715business:RegisteredOffice2022-07-012023-06-30 SC7027152022-06-30 SC702715core:WithinOneYear2023-06-30 SC702715core:WithinOneYear2022-06-30 SC702715core:AfterOneYear2023-06-30 SC702715core:AfterOneYear2022-06-30 SC702715core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 SC702715core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 SC702715core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 SC702715core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 SC702715core:PreviouslyStatedAmount2023-06-30 SC702715core:PreviouslyStatedAmount2022-06-30 SC702715business:SmallEntities2022-07-012023-06-30 SC702715countries:Scotland2022-07-012023-06-30 SC702715core:PlantMachinery2022-07-012023-06-30 SC702715core:MotorVehicles2022-07-012023-06-30 SC702715core:ComputerEquipment2022-07-012023-06-30 SC702715core:PlantMachinerycore:LeasedAssetsHeldAsLessee2023-06-30 SC702715core:PlantMachinerycore:LeasedAssetsHeldAsLessee2022-06-30 SC702715core:MotorVehiclescore:LeasedAssetsHeldAsLessee2023-06-30 SC702715core:MotorVehiclescore:LeasedAssetsHeldAsLessee2022-06-30 SC7027152021-06-282022-06-30 iso4217:GBP xbrli:pure
Company Registration No. SC702715 (Scotland)
Hamilton Plant Hire Limited Unaudited accounts for the year ended 30 June 2023
Hamilton Plant Hire Limited Unaudited accounts Contents
Page
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Hamilton Plant Hire Limited Company Information for the year ended 30 June 2023
Directors
S Hamilton S M Hamilton
Company Number
SC702715 (Scotland)
Registered Office
C/o CMM Accountancy The Green House Beechwood Business Park North Inverness IV2 3BL
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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Hamilton Plant Hire Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
131,519 
151,566 
Current assets
Debtors
27,447 
29,864 
Cash at bank and in hand
5,350 
8,950 
32,797 
38,814 
Creditors: amounts falling due within one year
(103,092)
(106,936)
Net current liabilities
(70,295)
(68,122)
Total assets less current liabilities
61,224 
83,444 
Creditors: amounts falling due after more than one year
(20,648)
(55,386)
Provisions for liabilities
Deferred tax
(24,494)
(13,413)
Net assets
16,082 
14,645 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
15,982 
14,545 
Shareholders' funds
16,082 
14,645 
For the year ending 30 June 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 6 March 2024 and were signed on its behalf by
S Hamilton Director Company Registration No. SC702715
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Hamilton Plant Hire Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Hamilton Plant Hire Limited is a private company, limited by shares, registered in Scotland, registration number SC702715. The registered office is C/o CMM Accountancy, The Green House, Beechwood Business Park North, Inverness, IV2 3BL.
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
20% straight line
Motor vehicles
20% reducing balance
Computer equipment
25% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Hamilton Plant Hire Limited Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 July 2022
165,447 
Additions
3,898 
Disposals
(5,499)
At 30 June 2023
163,846 
Depreciation
At 1 July 2022
13,881 
Charge for the year
19,191 
On disposals
(745)
At 30 June 2023
32,327 
Net book value
At 30 June 2023
131,519 
At 30 June 2022
151,566 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
83,250 
92,750 
- Motor vehicles
13,440 
16,800 
5
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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