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REGISTERED NUMBER: 01403763 (England and Wales)

















Unaudited Financial Statements

For The Year Ended 31 December 2023

for

R.b. Whitbread (Plant Hire) Limited

R.b. Whitbread (Plant Hire) Limited (Registered number: 01403763)

Contents of the Financial Statements
For The Year Ended 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


R.b. Whitbread (Plant Hire) Limited

Company Information
For The Year Ended 31 December 2023







DIRECTORS: Mr C Whitbread
Mr S P Whitbread





REGISTERED OFFICE: Suite No 7
Unit 11
West Road
Harlow
Essex
CM20 2BU





REGISTERED NUMBER: 01403763 (England and Wales)





ACCOUNTANTS: Giess Wallis Crisp LLP
Chartered Accountants
10/12 Mulberry Green
Old Harlow
Essex
CM17 0ET

R.b. Whitbread (Plant Hire) Limited (Registered number: 01403763)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 223,351 182,172

CURRENT ASSETS
Stocks 111,500 61,500
Debtors 5 35,039 65,468
Cash at bank and in hand 109,197 74,524
255,736 201,492
CREDITORS
Amounts falling due within one year 6 370,844 293,564
NET CURRENT LIABILITIES (115,108 ) (92,072 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,243

90,100

CREDITORS
Amounts falling due after more than one
year

7

(177,499

)

(180,292

)

PROVISIONS FOR LIABILITIES 9 (42,437 ) (33,821 )
NET LIABILITIES (111,693 ) (124,013 )

CAPITAL AND RESERVES
Called up share capital 10 1,921 1,921
Share premium 30,687 30,687
Retained earnings (144,301 ) (156,621 )
SHAREHOLDERS' FUNDS (111,693 ) (124,013 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

R.b. Whitbread (Plant Hire) Limited (Registered number: 01403763)

Statement of Financial Position - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2024 and were signed on its behalf by:




Mr C Whitbread - Director



Mr S P Whitbread - Director


R.b. Whitbread (Plant Hire) Limited (Registered number: 01403763)

Notes to the Financial Statements
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

R.b. Whitbread (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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Improvements to property - 15% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

R.b. Whitbread (Plant Hire) Limited (Registered number: 01403763)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 18 ) .

R.b. Whitbread (Plant Hire) Limited (Registered number: 01403763)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 7,018 427,066 17,733 538,170 989,987
Additions - 96,770 - 52,551 149,321
Disposals - (60,500 ) - (23,755 ) (84,255 )
At 31 December 2023 7,018 463,336 17,733 566,966 1,055,053
DEPRECIATION
At 1 January 2023 7,018 255,524 16,364 528,909 807,815
Charge for year - 59,663 833 15,811 76,307
Eliminated on disposal - (32,625 ) - (19,795 ) (52,420 )
At 31 December 2023 7,018 282,562 17,197 524,925 831,702
NET BOOK VALUE
At 31 December 2023 - 180,774 536 42,041 223,351
At 31 December 2022 - 171,542 1,369 9,261 182,172

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 246,850 171,572 418,422
Additions 87,500 52,551 140,051
Disposals (60,500 ) - (60,500 )
At 31 December 2023 273,850 224,123 497,973
DEPRECIATION
At 1 January 2023 114,015 166,271 280,286
Charge for year 41,078 15,811 56,889
Eliminated on disposal (32,625 ) - (32,625 )
At 31 December 2023 122,468 182,082 304,550
NET BOOK VALUE
At 31 December 2023 151,382 42,041 193,423
At 31 December 2022 132,835 5,301 138,136

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,508 60,276
Other debtors 23,531 5,192
35,039 65,468

R.b. Whitbread (Plant Hire) Limited (Registered number: 01403763)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,000 20,000
Hire purchase contracts 71,802 55,307
Trade creditors 219,335 105,796
Taxation and social security 36,443 94,171
Other creditors 23,264 18,290
370,844 293,564

Included within bank loans and overdrafts is a loan taken out under the CBIL scheme.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 35,000 55,000
Hire purchase contracts 142,499 125,292
177,499 180,292

Included within bank loans is a loan taken out under the CBIL scheme.

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 55,000 75,000
Hire purchase contracts 214,301 180,599
269,301 255,599

The bank overdraft and loan are secured by a floating charge over the company assets.

The hire purchase liability is secured on the assets concerned.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 42,437 33,821

Deferred
tax
£   
Balance at 1 January 2023 33,821
Charge to Statement of Income and Retained Earnings during year 8,616
Balance at 31 December 2023 42,437

R.b. Whitbread (Plant Hire) Limited (Registered number: 01403763)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
166 £1 Ordinary Shares £1 166 166
703 Ordinary A £1 703 703
585 Ordinary B £1 585 585
467 Ordinary C £1 467 467
1,921 1,921