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Registration number: 04396395

Trojan Plant Hire & Construction Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2023

 

Trojan Plant Hire & Construction Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Trojan Plant Hire & Construction Limited

Company Information

Director

Mr John William Bloomfield

Registered office

Silver Rose Unit 21
East Lodge Village
East Lodge Lane
Enfield
EN2 8AS

Accountants

Paul Winston Limited
Chartered Accountants
Silver Rose Unit 21
East Lodge Village
East Lodge Lane
Enfield
EN2 8AS

 

Trojan Plant Hire & Construction Limited

(Registration number: 04396395)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

fixed assets

 

tangible assets

4

1,199,354

1,226,972

Investments

5

96

96

 

1,199,450

1,227,068

Current assets

 

Debtors

6

68,399

68,399

Cash at bank and in hand

 

390

780

 

68,789

69,179

Creditors: Amounts falling due within one year

7

(7,772)

(65,772)

Net current assets

 

61,017

3,407

Net assets

 

1,260,467

1,230,475

capital and reserves

 

Called up share capital

8

805

805

Revaluation reserve

221,829

221,829

Profit and loss account

1,037,833

1,007,841

Shareholders' funds

 

1,260,467

1,230,475

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Trojan Plant Hire & Construction Limited

(Registration number: 04396395)
Balance Sheet as at 30 April 2023

Approved and authorised by the director on 30 July 2024
 

.........................................
Mr John William Bloomfield
Director

 

Trojan Plant Hire & Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Silver Rose Unit 21
East Lodge Village
East Lodge Lane
Enfield
EN2 8AS

These financial statements were authorised for issue by the director on 30 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Trojan Plant Hire & Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Asset class

Depreciation method and rate

Plant and machinery

25% net book value

Motor vehicles

25% net book value

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

 

Trojan Plant Hire & Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2022

1,125,000

111,013

317,840

1,553,853

At 30 April 2023

1,125,000

111,013

317,840

1,553,853

Depreciation

At 1 May 2022

-

70,029

245,752

315,781

Charge for the year

-

19,195

19,523

38,718

At 30 April 2023

-

89,224

265,275

354,499

Carrying amount

At 30 April 2023

1,125,000

21,789

52,565

1,199,354

At 30 April 2022

1,125,000

29,884

72,088

1,226,972

Included within the net book value of land and buildings above is £1,125,000 (2022 - £1,125,000) in respect of freehold land and buildings.
 

5

Investments

2023
£

2022
£

Investments in subsidiaries

96

96

Subsidiaries

£

Cost or valuation

At 1 May 2022

96

Provision

Carrying amount

At 30 April 2023

96

At 30 April 2022

96

6

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

68,399

68,399

 

Trojan Plant Hire & Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Other creditors

 

1,700

1,700

Directors' loan accounts

 

6,072

64,072

 

7,772

65,772

 

Trojan Plant Hire & Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary JW of £1 each

2

2

2

2

Ordinary J of £1 each

1

1

1

1

Ordinary R of £1 each

1

1

1

1

Ordinary H of £1 each

1

1

1

1

Ordinary BA of £1 each

800

800

800

800

 

805

805

805

805

9

Dividends

Interim dividends paid

   

2023
£

 

2022
£

Interim dividend of £1,350.00 (2022 - £1,000.00) per each Ordinary JW

 

2,700

 

2,000

Interim dividend of £Nil per each Ordinary J

 

-

 

-

Interim dividend of £Nil per each Ordinary R

 

-

 

-

Interim dividend of £Nil per each Ordinary H

 

-

 

-

   

2,700

 

2,000