Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-312022-11-01false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04099491 2022-11-01 2023-10-31 04099491 2021-11-01 2022-10-31 04099491 2023-10-31 04099491 2022-10-31 04099491 c:Director1 2022-11-01 2023-10-31 04099491 d:FurnitureFittings 2022-11-01 2023-10-31 04099491 d:FurnitureFittings 2023-10-31 04099491 d:FurnitureFittings 2022-10-31 04099491 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 04099491 d:CurrentFinancialInstruments 2023-10-31 04099491 d:CurrentFinancialInstruments 2022-10-31 04099491 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 04099491 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 04099491 d:ShareCapital 2023-10-31 04099491 d:ShareCapital 2022-10-31 04099491 d:RetainedEarningsAccumulatedLosses 2023-10-31 04099491 d:RetainedEarningsAccumulatedLosses 2022-10-31 04099491 c:OrdinaryShareClass1 2022-11-01 2023-10-31 04099491 c:OrdinaryShareClass1 2023-10-31 04099491 c:OrdinaryShareClass1 2022-10-31 04099491 c:FRS102 2022-11-01 2023-10-31 04099491 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 04099491 c:FullAccounts 2022-11-01 2023-10-31 04099491 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 04099491 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 04099491









S & M PLANT HIRE LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
S & M PLANT HIRE LIMITED
REGISTERED NUMBER: 04099491

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
582
815

Current assets
  

Debtors: amounts falling due within one year
 5 
27,706
19,729

Bank and cash balances
  
52,537
66,504

  
80,243
86,233

Creditors: amounts falling due within one year
 6 
(18,973)
(19,189)

Net current assets
  
 
 
61,270
 
 
67,044

Total assets less current liabilities
  
61,852
67,859

Net assets
  
61,852
67,859


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
61,752
67,759

  
61,852
67,859


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr M A T J Matthews
Director

Date: 19 July 2024

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
S & M PLANT HIRE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

The company is a private company limited by shares, incorporated in England and Wales. The
registered number is 04099491 and the registered office is 24 Old Bond Street, London, W1S 4AP. The
trading address is 72-74 Wood Street, London, E17 3HT, United Kingdom. The company is not part of a
group. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 2

 
S & M PLANT HIRE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
3 years straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Page 3

 
S & M PLANT HIRE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
S & M PLANT HIRE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost


At 1 November 2022
6,258



At 31 October 2023

6,258



Depreciation


At 1 November 2022
5,443


Charge for the year on owned assets
233



At 31 October 2023

5,676



Net book value



At 31 October 2023
582



At 31 October 2022
815


5.


Debtors

2023
2022
£
£


Trade debtors
27,706
19,729



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5,656
8,029

Amounts owed to associated company
1,041
1,041

Corporation tax
6,684
5,656

Other taxation and social security
2,420
1,532

Other creditors
281
281

Accruals and deferred income
2,891
2,650

18,973
19,189


Page 5

 
S & M PLANT HIRE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1 each
100
100



8.


Related party transactions

During the year the company operated a loan with a company with which it shares a director. The balance due to the company at the year ended was £1,041 (2022 - £1,041).  
During the year the Company also operated loans with the directors of the Company. The amount payable to the directors of the Company at the year end were £281 (2022 - £281). These loans are interest free and repayable on demand.


Page 6