Company Registration No. 03186726 (England and Wales)
GOWER PLANT HIRE LIMITED
Unaudited accounts
for the year ended 30 April 2023
GOWER PLANT HIRE LIMITED
Unaudited accounts
Contents
GOWER PLANT HIRE LIMITED
Company Information
for the year ended 30 April 2023
Company Number
03186726 (England and Wales)
Registered Office
BLAENYFAN QUARRY
MEINCUAI
KIDWELLY
SA17 5LB
Accountants
S & L ACCOUNTANCY SERVICES LTD
7A CAER STREET
SWANSEA
SA1 3PP
GOWER PLANT HIRE LIMITED
Statement of financial position
as at 30 April 2023
Tangible assets
2,089,197
1,944,548
Cash at bank and in hand
29,620
22,197
Creditors: amounts falling due within one year
(969,311)
(725,792)
Net current assets
659,739
220,867
Total assets less current liabilities
2,748,936
2,165,415
Creditors: amounts falling due after more than one year
(378,259)
(455,734)
Net assets
2,370,677
1,709,681
Called up share capital
2
2
Profit and loss account
2,370,675
1,709,679
Shareholders' funds
2,370,677
1,709,681
For the year ending 30 April 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 her 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 5 April 2024 and were signed on its behalf by
LISBETH A EVANS
Director
Company Registration No. 03186726
GOWER PLANT HIRE LIMITED
Notes to the Accounts
for the year ended 30 April 2023
GOWER PLANT HIRE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03186726. The registered office is BLAENYFAN QUARRY, MEINCUAI, KIDWELLY, SA17 5LB.
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.
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.
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.
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
Motor vehicles
20% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2022
367,841
2,522,861
113,329
3,004,031
Additions
-
849,597
-
849,597
Disposals
-
(772,795)
(55,694)
(828,489)
At 30 April 2023
367,841
2,599,663
57,635
3,025,139
At 1 May 2022
-
957,419
102,064
1,059,483
Charge for the year
-
164,072
3,918
167,990
On disposals
-
(227,513)
(64,018)
(291,531)
At 30 April 2023
-
893,978
41,964
935,942
At 30 April 2023
367,841
1,705,685
15,671
2,089,197
At 30 April 2022
367,841
1,565,442
11,265
1,944,548
GOWER PLANT HIRE LIMITED
Notes to the Accounts
for the year ended 30 April 2023
Amounts falling due within one year
Trade debtors
1,594,280
599,312
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
180,457
167,719
Trade creditors
195,890
171,401
Taxes and social security
1,649
766
Other creditors
122,557
96,448
Loans from directors
4,729
933
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
131,367
143,961
Obligations under finance leases and hire purchase contracts
110,892
175,773
Other creditors
136,000
136,000
8
Transactions with related parties
During the year the Company paid a management fee of £570,000 to Gower Quarrying Ltd. Mrs L A Evans is the sole director and shareholder of both Gower Quarrying Ltd and Gower Plant Hire Ltd
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).