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REGISTERED NUMBER: 10520771 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

Plant Hire Division Ltd

Plant Hire Division Ltd (Registered number: 10520771)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Plant Hire Division Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: B J Robinson
Mrs K Robinson





REGISTERED OFFICE: 152 Mill Lane
Wallasey
Wirral
Merseyside
CH44 3BN





REGISTERED NUMBER: 10520771 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Plant Hire Division Ltd (Registered number: 10520771)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 262,108 117,405

CURRENT ASSETS
Debtors 5 1,290,516 1,302,016
Cash at bank and in hand 104,419 192,285
1,394,935 1,494,301
CREDITORS
Amounts falling due within one year 6 717,473 793,181
NET CURRENT ASSETS 677,462 701,120
TOTAL ASSETS LESS CURRENT
LIABILITIES

939,570

818,525

CREDITORS
Amounts falling due after more than
one year

7

(178,165

)

(89,199

)

PROVISIONS FOR LIABILITIES (57,532 ) (22,307 )
NET ASSETS 703,873 707,019

CAPITAL AND RESERVES
Called up share capital 104 104
Share premium 3,093 3,093
Retained earnings 700,676 703,822
703,873 707,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Plant Hire Division Ltd (Registered number: 10520771)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





B J Robinson - Director


Plant Hire Division Ltd (Registered number: 10520771)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Plant Hire Division Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is recognised on the fair value of the consideration for revenue received form the hire of plant excluding value added tax. Turnover is recognised in the period to which it relates.

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 etc - 25% on cost, 20% on cost and 10% on cost

Financial instruments
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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.


Plant Hire Division Ltd (Registered number: 10520771)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 262,869
Additions 274,334
Disposals (133,510 )
At 31 January 2024 403,693
DEPRECIATION
At 1 February 2023 145,464
Charge for year 76,227
Eliminated on disposal (80,106 )
At 31 January 2024 141,585
NET BOOK VALUE
At 31 January 2024 262,108
At 31 January 2023 117,405

Plant Hire Division Ltd (Registered number: 10520771)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023 133,510
Additions 274,334
Disposals (133,510 )
At 31 January 2024 274,334
DEPRECIATION
At 1 February 2023 80,106
Charge for year 54,867
Eliminated on disposal (80,106 )
At 31 January 2024 54,867
NET BOOK VALUE
At 31 January 2024 219,467
At 31 January 2023 53,404

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 788,416 788,662
Amounts owed by group undertakings 199,541 154,909
Other debtors 302,559 358,445
1,290,516 1,302,016

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,000 8,333
Hire purchase contracts 21,718 15,305
Trade creditors 632,271 628,517
Amounts owed to group undertakings 162 -
Taxation and social security 49,873 132,546
Other creditors 3,449 8,480
717,473 793,181

Plant Hire Division Ltd (Registered number: 10520771)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 13,754 25,429
Hire purchase contracts 164,411 63,770
178,165 89,199

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Hire purchase contracts 186,129 79,075

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

B Robinson, the company director, operates a current account with the company to which transactions of a private nature are charged. Included in other debtors as at 31st January 2024 is £215,639 (2023 £257,285) owing from B Robinson. Interest was charged on this balance at a rate of 2%.

10. RELATED PARTY DISCLOSURES

Both B Robinson and K Robinson are also directors of Plant Hire Division Group Limited and E and K Property Limited.

Included in debtors as at 31st January 2024 is £194,541 (2023 £154,909) owing from Plant Hire Division Group Limited.

Included in creditors as at 31st January 2024 is £162 owing to E and K Property Limited.

B Robinson is also a director of PHD Project Services Limited.

Included in debtors as at 31st January 2024 is £5,000 owing from PHD Project Services Limited.

These loans are interest free and repayable on demand.