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REGISTERED NUMBER: 09201866 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

SPH PLANT LTD

SPH PLANT LTD (REGISTERED NUMBER: 09201866)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPH PLANT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: S P Holding





REGISTERED OFFICE: First Floor
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG





REGISTERED NUMBER: 09201866 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

SPH PLANT LTD (REGISTERED NUMBER: 09201866)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,940,643 2,648,827

CURRENT ASSETS
Debtors 5 787,623 714,649
Cash at bank and in hand 52,569 322,520
840,192 1,037,169
CREDITORS
Amounts falling due within one year 6 1,934,269 1,520,169
NET CURRENT LIABILITIES (1,094,077 ) (483,000 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,846,566

2,165,827

CREDITORS
Amounts falling due after more than
one year

7

(1,342,791

)

(885,090

)

PROVISIONS FOR LIABILITIES (350,571 ) (328,411 )
NET ASSETS 1,153,204 952,326

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,153,104 952,226
SHAREHOLDERS' FUNDS 1,153,204 952,326

SPH PLANT LTD (REGISTERED NUMBER: 09201866)

BALANCE SHEET - continued
30 SEPTEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 8 April 2024 and were signed by:





S P Holding - Director


SPH PLANT LTD (REGISTERED NUMBER: 09201866)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

SPH Plant Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 33% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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 receivable from the hire of assets, tankering and haulage is recognised on a straight line basis over the period of the agreement.

Turnover receivable from the sale of other goods and services is recognised at the point of delivery or at the point of supply.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 17 ) .

SPH PLANT LTD (REGISTERED NUMBER: 09201866)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2022 3,303,449 39,644 212,281 3,555,374
Additions 1,986,777 2,254 218,017 2,207,048
Disposals (488,420 ) - (14,995 ) (503,415 )
At 30 September 2023 4,801,806 41,898 415,303 5,259,007
DEPRECIATION
At 1 October 2022 782,919 23,374 100,254 906,547
Charge for year 416,067 8,040 96,586 520,693
Eliminated on disposal (100,754 ) - (8,122 ) (108,876 )
At 30 September 2023 1,098,232 31,414 188,718 1,318,364
NET BOOK VALUE
At 30 September 2023 3,703,574 10,484 226,585 3,940,643
At 30 September 2022 2,520,530 16,270 112,027 2,648,827

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 637,146 603,661
Directors' current accounts 8,602 -
Prepayments and accrued income 141,875 110,988
787,623 714,649

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 24,939 19,948
Hire purchase contracts 921,645 669,150
Trade creditors 607,123 544,799
Social security and other taxes 19,896 8,879
Pension 2,740 1,201
VAT 119,898 47,729
Other creditors 199,339 196,512
Wages control 1,653 1,368
Directors' current accounts - 1,493
Accruals and deferred income 37,036 29,090
1,934,269 1,520,169

SPH PLANT LTD (REGISTERED NUMBER: 09201866)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Hire purchase contracts and finance leases are secured against the assets to which the contracts relate.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 95,081 120,020
Hire purchase contracts 1,247,710 765,070
1,342,791 885,090

Hire purchase contracts and finance leases are secured against the assets to which the contracts relate.

8. PERSONAL GUARANTEE

The hire purchase and finance liabilities included within creditors have been personally guaranteed by the director. The total liability personally guaranteed at the year end, and the maximum liability that may be incurred, was £2,169,355 (2022: £1,424,220).