Company Registration No. 13398848 (England and Wales)
J H PLant Hire & Sales Limited
Unaudited accounts
for the year ended 31 July 2023
J H PLant Hire & Sales Limited
Unaudited accounts
Contents
J H PLant Hire & Sales Limited
Company Information
for the year ended 31 July 2023
Company Number
13398848 (England and Wales)
Registered Office
Embassy Offices, Stangate House
Stanwell Road
Penarth
Vale of Glamorgan
CF64 2AA
Wales
J H PLant Hire & Sales Limited
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
2,588
3,066
Creditors: amounts falling due within one year
(203,608)
(9,554)
Net current liabilities
(182,427)
(488)
Total assets less current liabilities
164,875
(488)
Creditors: amounts falling due after more than one year
(159,151)
-
Net assets/(liabilities)
5,724
(488)
Called up share capital
100
100
Profit and loss account
5,624
(588)
Shareholders' funds
5,724
(488)
For the year ending 31 July 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 28 March 2024 and were signed on its behalf by
John Hawkins
Director
Company Registration No. 13398848
J H PLant Hire & Sales Limited
Notes to the Accounts
for the year ended 31 July 2023
J H PLant Hire & Sales Limited is a private company, limited by shares, registered in England and Wales, registration number 13398848. The registered office is Embassy Offices, Stangate House, Stanwell Road, Penarth, Vale of Glamorgan, CF64 2AA, Wales.
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.
These financial statements for the year ended 31 July 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 14 May 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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
10% Reducing Balance and 25% Reducing Balance
Motor vehicles
20% Reducing Balance
Computer equipment
25% Reducing Balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
J H PLant Hire & Sales Limited
Notes to the Accounts
for the year ended 31 July 2023
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.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2022
-
-
-
-
-
Additions
323,369
34,775
1,067
3,133
362,344
At 31 July 2023
323,369
34,775
1,067
3,133
362,344
Charge for the year
12,907
1,739
81
315
15,042
At 31 July 2023
12,907
1,739
81
315
15,042
At 31 July 2023
310,462
33,036
986
2,818
347,302
Amounts falling due within one year
Amounts due from group undertakings etc.
9,498
-
Accrued income and prepayments
700
-
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
35,910
-
Amounts owed to group undertakings and other participating interests
9,988
5,821
Loans from directors
154,718
-
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
159,151
-
J H PLant Hire & Sales Limited
Notes to the Accounts
for the year ended 31 July 2023
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).