Handle Plant Limited 12500663 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is the hiring out of construction equipment and services. Digita Accounts Production Advanced 6.30.9574.0 true true 12500663 2022-09-01 2023-08-31 12500663 2023-08-31 12500663 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-08-31 12500663 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2023-08-31 12500663 bus:OrdinaryShareClass3 bus:Non-cumulativeShares 2023-08-31 12500663 core:RetainedEarningsAccumulatedLosses 2023-08-31 12500663 core:ShareCapital 2023-08-31 12500663 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-08-31 12500663 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-08-31 12500663 core:CurrentFinancialInstruments 2023-08-31 12500663 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 12500663 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 12500663 core:MotorVehicles 2023-08-31 12500663 core:OtherPropertyPlantEquipment 2023-08-31 12500663 bus:SmallEntities 2022-09-01 2023-08-31 12500663 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 12500663 bus:FilletedAccounts 2022-09-01 2023-08-31 12500663 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 12500663 bus:RegisteredOffice 2022-09-01 2023-08-31 12500663 bus:Director1 2022-09-01 2023-08-31 12500663 bus:Director2 2022-09-01 2023-08-31 12500663 bus:Director3 2022-09-01 2023-08-31 12500663 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-09-01 2023-08-31 12500663 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2022-09-01 2023-08-31 12500663 bus:OrdinaryShareClass3 bus:Non-cumulativeShares 2022-09-01 2023-08-31 12500663 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 12500663 bus:Agent1 2022-09-01 2023-08-31 12500663 core:MotorVehicles 2022-09-01 2023-08-31 12500663 core:OtherPropertyPlantEquipment 2022-09-01 2023-08-31 12500663 countries:EnglandWales 2022-09-01 2023-08-31 12500663 2022-08-31 12500663 core:MotorVehicles 2022-08-31 12500663 core:OtherPropertyPlantEquipment 2022-08-31 12500663 2021-04-01 2022-08-31 12500663 2022-08-31 12500663 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-08-31 12500663 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2022-08-31 12500663 bus:OrdinaryShareClass3 bus:Non-cumulativeShares 2022-08-31 12500663 core:RetainedEarningsAccumulatedLosses 2022-08-31 12500663 core:ShareCapital 2022-08-31 12500663 core:HirePurchaseContracts core:CurrentFinancialInstruments 2022-08-31 12500663 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2022-08-31 12500663 core:CurrentFinancialInstruments 2022-08-31 12500663 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 12500663 core:Non-currentFinancialInstruments core:AfterOneYear 2022-08-31 12500663 core:MotorVehicles 2022-08-31 12500663 core:OtherPropertyPlantEquipment 2022-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12500663

Handle Plant Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2023

 

Handle Plant Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

Handle Plant Limited

Company Information

Directors

Mr E D Thompson

Mr L Roskell

Miss H V Thompson

Registered office

Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

Accountants

Crossley & Davis Chartered Accountants
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Handle Plant Limited
for the Year Ended 31 August 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Handle Plant Limited for the year ended 31 August 2023 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Handle Plant Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Handle Plant Limited and state those matters that we have agreed to state to the Board of Directors of Handle Plant Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Handle Plant Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Handle Plant Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Handle Plant Limited. You consider that Handle Plant Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Handle Plant Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Crossley & Davis Chartered Accountants
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

16 August 2024

 

Handle Plant Limited

(Registration number: 12500663)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

98,941

124,176

Current assets

 

Debtors

5

34,975

49,757

Cash at bank and in hand

 

286

773

 

35,261

50,530

Creditors: Amounts falling due within one year

6

(168,504)

(180,226)

Net current liabilities

 

(133,243)

(129,696)

Total assets less current liabilities

 

(34,302)

(5,520)

Creditors: Amounts falling due after more than one year

6

(11,073)

(21,294)

Net liabilities

 

(45,375)

(26,814)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(45,475)

(26,914)

Shareholders' deficit

 

(45,375)

(26,814)

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 August 2024 and signed on its behalf by:
 

 

Handle Plant Limited

(Registration number: 12500663)
Balance Sheet as at 31 August 2023

.........................................
Mr E D Thompson
Director

 

Handle Plant Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

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

The address of its registered office is:
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF
England

The principal place of business is:
Brooklands
Blackpool Road
St. Michaels
Preston
Lancashire
PR3 0UA

These financial statements were authorised for issue by the Board on 16 August 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.

 

Handle Plant Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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:

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Handle Plant Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

 

Handle Plant Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

4

Tangible assets

Motor vehicles
 £

Other property, plant and equipment
 £

Total
£

Cost or valuation

At 1 September 2022

11,959

156,891

168,850

At 31 August 2023

11,959

156,891

168,850

Depreciation

At 1 September 2022

3,928

40,743

44,671

Charge for the year

2,008

23,230

25,238

At 31 August 2023

5,936

63,973

69,909

Carrying amount

At 31 August 2023

6,023

92,918

98,941

At 31 August 2022

8,030

116,146

124,176

5

Debtors

Current

2023
£

2022
£

Trade debtors

25,340

8,780

Other debtors

9,635

40,977

 

34,975

49,757

 

Handle Plant Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

10,221

10,221

Trade creditors

 

113,683

112,281

Taxation and social security

 

6,760

8,461

Accruals and deferred income

 

550

2,765

Other creditors

 

37,290

46,498

 

168,504

180,226

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £10,221 (2022 - £10,221).

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

11,073

21,294

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £11,073 (2022 - £21,294).

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary A shares of £1 each

50

50

50

50

Ordinary B shares of £1 each

25

25

25

25

Ordinary C shares of £1 each

25

25

25

25

100

100

100

100

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Hire purchase contracts

11,073

21,294

 

Handle Plant Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

2023
£

2022
£

Current loans and borrowings

Hire purchase contracts

10,221

10,221