1 April 2023 false No description of principal activity Taxfiler 2024.5 08447771business:PrivateLimitedCompanyLtd2023-04-012024-03-31 084477712023-03-31 084477712023-04-012024-03-31 08447771business:AuditExemptWithAccountantsReport2023-04-012024-03-31 08447771business:FilletedAccounts2023-04-012024-03-31 084477712024-03-31 08447771business:Director12023-04-012024-03-31 08447771business:RegisteredOffice2023-04-012024-03-31 084477712023-03-31 08447771core:WithinOneYear2024-03-31 08447771core:WithinOneYear2023-03-31 08447771core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 08447771core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 08447771core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 08447771core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 08447771core:PreviouslyStatedAmount2024-03-31 08447771core:PreviouslyStatedAmount2023-03-31 08447771business:SmallEntities2023-04-012024-03-31 08447771countries:EnglandWales2023-04-012024-03-31 08447771core:LandBuildings2023-04-012024-03-31 08447771core:PlantMachinery2023-04-012024-03-31 08447771core:MotorVehicles2023-04-012024-03-31 08447771core:ComputerEquipment2023-04-012024-03-31 08447771core:Goodwill2023-03-31 08447771core:Goodwill2024-03-31 08447771core:Goodwill2023-04-012024-03-31 08447771core:LandBuildings2023-03-31 08447771core:PlantMachinery2023-03-31 08447771core:MotorVehicles2023-03-31 08447771core:ComputerEquipment2023-03-31 08447771core:LandBuildings2024-03-31 08447771core:PlantMachinery2024-03-31 08447771core:MotorVehicles2024-03-31 08447771core:ComputerEquipment2024-03-31 084477712022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 08447771 (England and Wales)
Downland Plant Hire Limited Unaudited accounts for the year ended 31 March 2024
Downland Plant Hire Limited Unaudited accounts Contents
Page
- 2 -
Downland Plant Hire Limited Company Information for the year ended 31 March 2024
Director
Mr Andrew Luckin
Company Number
08447771 (England and Wales)
Registered Office
Weavers Cottage, School Lane Washington Pulborough West Sussex RH20 4AP United Kingdom
Accountants
JP Accountancy Services (Sussex) Limited 5 Fairfield Way Ashington Pulborough West Sussex RH20 3LA
- 3 -
Downland Plant Hire Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
5,758 
12,039 
Tangible assets
525,423 
447,686 
531,181 
459,725 
Current assets
Debtors
69,716 
84,659 
Cash at bank and in hand
88,162 
65,545 
157,878 
150,204 
Creditors: amounts falling due within one year
(76,080)
(66,036)
Net current assets
81,798 
84,168 
Total assets less current liabilities
612,979 
543,893 
Provisions for liabilities
Deferred tax
(124,302)
(85,060)
Net assets
488,677 
458,833 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
488,577 
458,733 
Shareholders' funds
488,677 
458,833 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 August 2024 and were signed on its behalf by
Mr Andrew Luckin Director Company Registration No. 08447771
- 4 -
Downland Plant Hire Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Downland Plant Hire Limited is a private company, limited by shares, registered in England and Wales, registration number 08447771. The registered office is Weavers Cottage, School Lane, Washington, Pulborough, West Sussex, RH20 4AP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note 9 below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is amortised over its useful life of 12 years.
- 5 -
Downland Plant Hire Limited Notes to the Accounts for the year ended 31 March 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
72,230 
At 31 March 2024
72,230 
Amortisation
At 1 April 2023
60,191 
Charge for the year
6,281 
At 31 March 2024
66,472 
Net book value
At 31 March 2024
5,758 
At 31 March 2023
12,039 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
7,725 
1,067,864 
39,850 
5,411 
1,120,850 
Additions
- 
127,700 
- 
- 
127,700 
Disposals
- 
(80,300)
- 
- 
(80,300)
At 31 March 2024
7,725 
1,115,264 
39,850 
5,411 
1,168,250 
Depreciation
At 1 April 2023
- 
648,359 
20,767 
4,038 
673,164 
Charge for the year
- 
18,655 
47 
4 
18,706 
On disposals
- 
(49,043)
- 
- 
(49,043)
At 31 March 2024
- 
617,971 
20,814 
4,042 
642,827 
Net book value
At 31 March 2024
7,725 
497,293 
19,036 
1,369 
525,423 
At 31 March 2023
7,725 
419,505 
19,083 
1,373 
447,686 
- 6 -
Downland Plant Hire Limited Notes to the Accounts for the year ended 31 March 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
62,415 
71,553 
Accrued income and prepayments
7,301 
13,106 
69,716 
84,659 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
23,333 
33,617 
VAT
1,638 
1,570 
Obligations under finance leases and hire purchase contracts
11,785 
- 
Trade creditors
6,122 
11,099 
Taxes and social security
30,922 
18,314 
Other creditors
1,153 
327 
Loans from directors
5 
- 
Accruals
1,122 
1,109 
76,080 
66,036 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
9
Reconciliations on adoption of FRS 102
Reconciliation of equity
1 April 2022 
31 March 2023 
£ 
£ 
Capital and reserves (as previously stated)
584,895 
543,893 
Deferred tax provision
(81,816)
(85,060)
Capital and reserves (as restated)
503,079 
458,833 
- 7 -