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REGISTERED NUMBER: 11044130 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Murlo Plant Hire Limited

Murlo Plant Hire Limited (Registered number: 11044130)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Murlo Plant Hire Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: D J Lopez





REGISTERED OFFICE: Building 6000 Langstone Technology Park
Langstone Road
Havant
Hampshire
PO9 1SA





REGISTERED NUMBER: 11044130 (England and Wales)





ACCOUNTANTS: AM-PM Accounting Solutions Limited
Building 6000
Langstone Technology Park
Langstone Road
Havant
Hampshire
PO9 1SA

Murlo Plant Hire Limited (Registered number: 11044130)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,215,339 1,493,727

CURRENT ASSETS
Debtors 5 348,338 194,637
Cash at bank 465,645 94,638
813,983 289,275
CREDITORS
Amounts falling due within one year 6 257,029 368,469
NET CURRENT ASSETS/(LIABILITIES) 556,954 (79,194 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,772,293

1,414,533

CREDITORS
Amounts falling due after more than one year 7 (65,319 ) (235,530 )

PROVISIONS FOR LIABILITIES (230,732 ) (282,250 )
NET ASSETS 1,476,242 896,753

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,476,142 896,653
1,476,242 896,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Murlo Plant Hire Limited (Registered number: 11044130)

Balance Sheet - continued
30 November 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 19 August 2024 and were signed by:





D J Lopez - Director


Murlo Plant Hire Limited (Registered number: 11044130)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Murlo Plant Hire 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 reducing balance
Motor vehicles - 25% on reducing balance

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.

Murlo Plant Hire Limited (Registered number: 11044130)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2022 2,181,487 - 2,181,487
Additions 149,875 34,700 184,575
Disposals (250,393 ) - (250,393 )
At 30 November 2023 2,080,969 34,700 2,115,669
DEPRECIATION
At 1 December 2022 687,760 - 687,760
Charge for year 297,090 8,675 305,765
Eliminated on disposal (93,195 ) - (93,195 )
At 30 November 2023 891,655 8,675 900,330
NET BOOK VALUE
At 30 November 2023 1,189,314 26,025 1,215,339
At 30 November 2022 1,493,727 - 1,493,727

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 December 2022 988,806
Disposals (143,400 )
At 30 November 2023 845,406
DEPRECIATION
At 1 December 2022 358,391
Charge for year 108,236
Eliminated on disposal (54,162 )
At 30 November 2023 412,465
NET BOOK VALUE
At 30 November 2023 432,941
At 30 November 2022 630,415

Murlo Plant Hire Limited (Registered number: 11044130)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 348,223 194,637
Prepayments 115 -
348,338 194,637

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 128,385 168,486
Trade creditors 5,207 -
Social security and other taxes 1,598 504
VAT 88,682 63,669
Other creditors 2,332 25,000
Directors' loan accounts 29,900 109,900
Accrued expenses 925 910
257,029 368,469

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 65,319 235,530

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 30 November 2023 the company owed the director Mr A Murphy £29,900 (2022:£29,900).

This loan is provided interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

During the year ended 30 November 2023 the company had the following trade dealings with AJ&MJ Plant (Sales) Limited, a company under common control.

Sales (net of VAT) £0.00
Purchases (net of VAT) £44,600

The amount owed to the company was £0 and no amounts were outstanding from the company.

All transactions are on an arms length commercial basis and no amounts were written off during the year.

The company is also under common control with Grip South Limited. There were no trade dealings with this company during the year.

10. ULTIMATE CONTROLLING PARTY

The controlling party is D J Lopez.