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REGISTERED NUMBER: 05990020 (England and Wales)










Financial Statements

for the Year Ended 31 December 2023

for

O Plant Limited

O Plant Limited (Registered number: 05990020)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


O Plant Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: R W Ellis





SECRETARY: R W Ellis





REGISTERED OFFICE: Paradise Laithe
Bolton Road
Addingham
Ilkley
West Yorkshire
LS29 0RQ





REGISTERED NUMBER: 05990020 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 4, 10/12 The Grove,
Ilkley
West Yorkshire
LS29 9EG

O Plant Limited (Registered number: 05990020)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 49,626 58,876

CURRENT ASSETS
Debtors 5 1,182 865
Cash at bank 2,977 2,491
4,159 3,356
CREDITORS
Amounts falling due within one year 6 (34,395 ) (37,503 )
NET CURRENT LIABILITIES (30,236 ) (34,147 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,390

24,729

CREDITORS
Amounts falling due after more than one
year

7

(1,054

)

(9,812

)

PROVISIONS FOR LIABILITIES 8 (4,779 ) (4,129 )
NET ASSETS 13,557 10,788

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 12,557 9,788
SHAREHOLDERS' FUNDS 13,557 10,788

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 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.

O Plant Limited (Registered number: 05990020)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





R W Ellis - Director


O Plant Limited (Registered number: 05990020)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

O Plant 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.

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.
Plant and machinery - 20% on cost and 10% on cost

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
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.

3. EMPLOYEES AND DIRECTORS

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

O Plant Limited (Registered number: 05990020)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 87,750
DEPRECIATION
At 1 January 2023 28,874
Charge for year 9,250
At 31 December 2023 38,124
NET BOOK VALUE
At 31 December 2023 49,626
At 31 December 2022 58,876

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 87,750
DEPRECIATION
At 1 January 2023 28,874
Charge for year 9,250
At 31 December 2023 38,124
NET BOOK VALUE
At 31 December 2023 49,626
At 31 December 2022 58,876

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments and accrued income 1,182 865

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 8,759 12,025
Trade creditors 1,416 2,647
Social security and other tax 873 772
Other creditors 4,750 6,500
Director's current account 18,095 15,095
Accrued expenses 502 464
34,395 37,503

O Plant Limited (Registered number: 05990020)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 1,054 9,812

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 4,779 4,129

Deferred
tax
£   
Balance at 1 January 2023 4,129
Provided during year 650
Balance at 31 December 2023 4,779

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. RESERVES
Retained
earnings
£   

At 1 January 2023 9,788
Profit for the year 2,769
At 31 December 2023 12,557

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the company supplied goods and services of £15,592 (2022 £13,083) to R W Ellis Ltd, a company in which R W Ellis is materially interested. At 31st December 2023 O Plant Limited owed £4,750 to the R W Ellis Ltd. (2022 £6,500).

No dividends were paid to the Director during the year (2022 Nil). The amount owing to the director at 31st December 2023 was £18,095 (2022 £15,095).