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Registered number: 06485209
ATHERALL PLANT HIRES LIMITED
Unaudited Financial Statements
For The Year Ended 31 January 2024
CLASSIC ACCOUNTANCY SERVICES (UK) LTD
33a Crook Log
Bexleyheath
Kent
DA6 8EB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06485209
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 466,459 393,289
466,459 393,289
CURRENT ASSETS
Debtors 5 141,778 96,670
Cash at bank and in hand 23,684 382,713
165,462 479,383
Creditors: Amounts Falling Due Within One Year 6 (65,658 ) (100,654 )
NET CURRENT ASSETS (LIABILITIES) 99,804 378,729
TOTAL ASSETS LESS CURRENT LIABILITIES 566,263 772,018
Creditors: Amounts Falling Due After More Than One Year 7 - (236,693 )
NET ASSETS 566,263 535,325
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 566,261 535,323
SHAREHOLDERS' FUNDS 566,263 535,325
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr TREVOR ATHERALL
Director
26/06/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ATHERALL PLANT HIRES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 06485209 . The registered office is POTTERS FARM, POTTERS LANE HAWKHURST, CRANBROOK , KENT, TN18 5BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25%
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
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2.4. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2023 1,021,888
Additions 228,676
As at 31 January 2024 1,250,564
Depreciation
As at 1 February 2023 628,599
Provided during the period 155,506
As at 31 January 2024 784,105
Net Book Value
As at 31 January 2024 466,459
As at 1 February 2023 393,289
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Page 5
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 141,778 88,670
Prepayments and accrued income - 8,000
141,778 96,670
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 977 512
Corporation tax 31,142 29,007
VAT 33,539 30,774
Accruals and deferred income - 10,500
Director's loan account - 29,861
65,658 100,654
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account - 236,693
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5