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REGISTERED NUMBER: 05498512 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 July 2023

for

N E DAVIS PLANT HIRE LIMITED

N E DAVIS PLANT HIRE LIMITED (REGISTERED NUMBER: 05498512)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N E DAVIS PLANT HIRE LIMITED

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Neil Eon Davis
Claire Elaine Davis





SECRETARY: Claire Elaine Davis





REGISTERED OFFICE: Evergreen
Rise Road
SKIRLAUGH
Kingston Upon Hull
East Yorkshire
HU11 5BH





REGISTERED NUMBER: 05498512 (England and Wales)





ACCOUNTANTS: G & C Professionals Limited
trading as Graham & Company
Chartered Certified Accountants
Cleveland House
1-10 Sitwell Street
KINGSTON UPON HULL
East Yorkshire
HU8 7BE

N E DAVIS PLANT HIRE LIMITED (REGISTERED NUMBER: 05498512)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86,453 113,458

CURRENT ASSETS
Stocks 5 3,400 400
Debtors 6 7,803 2,808
Cash at bank 115,236 98,782
126,439 101,990
CREDITORS
Amounts falling due within one year 7 35,195 28,257
NET CURRENT ASSETS 91,244 73,733
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,697

187,191

CREDITORS
Amounts falling due after more than one
year

8

(6,498

)

(13,216

)

PROVISIONS FOR LIABILITIES 9 (17,291 ) (22,692 )
NET ASSETS 153,908 151,283

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 153,808 151,183
SHAREHOLDERS' FUNDS 153,908 151,283

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

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.

N E DAVIS PLANT HIRE LIMITED (REGISTERED NUMBER: 05498512)

Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2024 and were signed on its behalf by:




Neil Eon Davis - Director



Claire Elaine Davis - Director


N E DAVIS PLANT HIRE LIMITED (REGISTERED NUMBER: 05498512)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

N E DAVIS PLANT HIRE LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Motor vehicles - 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

N E DAVIS PLANT HIRE LIMITED (REGISTERED NUMBER: 05498512)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2022 256,331 35,062 291,393
Additions 1,500 - 1,500
At 31 July 2023 257,831 35,062 292,893
DEPRECIATION
At 1 August 2022 169,647 8,288 177,935
Charge for year 23,323 5,182 28,505
At 31 July 2023 192,970 13,470 206,440
NET BOOK VALUE
At 31 July 2023 64,861 21,592 86,453
At 31 July 2022 86,684 26,774 113,458

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 August 2022
and 31 July 2023 98,000
DEPRECIATION
At 1 August 2022 32,463
Charge for year 14,700
At 31 July 2023 47,163
NET BOOK VALUE
At 31 July 2023 50,837
At 31 July 2022 65,537

N E DAVIS PLANT HIRE LIMITED (REGISTERED NUMBER: 05498512)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. STOCKS
2023 2022
£    £   
Fuel and spares 3,400 400

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,779 -
Prepayments 3,024 2,808
7,803 2,808

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 6,718 6,332
Trade creditors 4,762 344
Corporation tax 18,472 15,924
Social security and other taxes 200 150
VAT 3,188 2,738
Directors' loan accounts 715 1,689
Accrued expenses 1,140 1,080
35,195 28,257

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 6,498 13,216

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 17,291 22,692

Deferred
tax
£   
Balance at 1 August 2022 22,692
Timing differences (5,401 )
Balance at 31 July 2023 17,291

N E DAVIS PLANT HIRE LIMITED (REGISTERED NUMBER: 05498512)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

11. RESERVES
Retained
earnings
£   

At 1 August 2022 151,183
Profit for the year 51,625
Dividends (49,000 )
At 31 July 2023 153,808