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REGISTERED NUMBER: 13409776 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Southern Plant Solutions (Hire) Ltd

Southern Plant Solutions (Hire) Ltd (Registered number: 13409776)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Southern Plant Solutions (Hire) Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: I Angell





REGISTERED OFFICE: 1a Amberside House
Wood Lane
Paradise Industrial Estate
Hemel Hempstead
Hertfordshire
HP2 4TP





REGISTERED NUMBER: 13409776 (England and Wales)





ACCOUNTANT: G Jakeman
1a Amberside House
Wood Lane
Paradise Industrial Estate
Hemel Hempstead
Hertfordshire
HP2 4TP

Southern Plant Solutions (Hire) Ltd (Registered number: 13409776)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 128,689 119,925

CURRENT ASSETS
Debtors 5 236,954 115,200
Cash at bank 7,579 6,243
244,533 121,443
CREDITORS
Amounts falling due within one year 6 210,283 124,514
NET CURRENT ASSETS/(LIABILITIES) 34,250 (3,071 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,939

116,854

CREDITORS
Amounts falling due after more than one
year

7

(2,550

)

-

PROVISIONS FOR LIABILITIES (5,451 ) -
NET ASSETS 154,938 116,854

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 154,937 116,853
154,938 116,854

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Southern Plant Solutions (Hire) Ltd (Registered number: 13409776)

Balance Sheet - continued
31 May 2024


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 26 July 2024 and were signed by:





I Angell - Director


Southern Plant Solutions (Hire) Ltd (Registered number: 13409776)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Southern Plant Solutions (Hire) 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.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Southern Plant Solutions (Hire) Ltd (Registered number: 13409776)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 100,000 26,685 126,685
Additions - 12,999 12,999
At 31 May 2024 100,000 39,684 139,684
DEPRECIATION
At 1 June 2023 - 6,760 6,760
Charge for year - 4,235 4,235
At 31 May 2024 - 10,995 10,995
NET BOOK VALUE
At 31 May 2024 100,000 28,689 128,689
At 31 May 2023 100,000 19,925 119,925

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 1,169 29,264
Amounts owed by participating interests - 85,936
Other debtors 235,785 -
236,954 115,200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 133,074 66,685
Hire purchase contracts 3,400 -
Trade creditors 35,914 26,008
Taxation and social security 36,361 30,028
Other creditors 1,534 1,793
210,283 124,514

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 2,550 -

Southern Plant Solutions (Hire) Ltd (Registered number: 13409776)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
I Angell
Balance outstanding at start of year - -
Amounts advanced 231,359 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 231,359 -