1 January 2023 v2024.39.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP139815162023-01-012023-12-31139815162023-12-31139815162022-12-3113981516core:WithinOneYear2023-12-3113981516core:WithinOneYear2022-12-3113981516core:ShareCapital2023-12-3113981516core:ShareCapital2022-12-3113981516core:RetainedEarningsAccumulatedLosses2023-12-3113981516core:RetainedEarningsAccumulatedLosses2022-12-3113981516bus:Director12023-01-012023-12-3113981516bus:RegisteredOffice2023-01-012023-12-3113981516core:MotorVehicles2023-01-012023-12-3113981516core:PlantMachinery2023-12-3113981516core:PlantMachinery2023-01-0113981516core:PlantMachinery2023-01-012023-12-3113981516core:PlantMachinery2022-12-311398151612023-01-012023-12-31139815162022-03-162022-12-3113981516countries:EnglandWales2023-01-012023-12-3113981516bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3113981516bus:PrivateLimitedCompanyLtd2023-01-012023-12-3113981516bus:SmallEntities2023-01-012023-12-3113981516bus:FullAccounts2023-01-012023-12-31
Company registration number:
13981516
Formwork & Structures Plant Hire Ltd
Unaudited Filleted Financial Statements for the year ended
31 December 2023
Formwork & Structures Plant Hire Ltd
Statement of Financial Position
31 December 2023
20232022
Note££
Fixed assets    
Tangible assets 5
50,206
 
67,285
 
Current assets    
Debtors 6
9,689
 
38,784
 
Cash at bank and in hand
34,897
 
3,625
 
44,586
 
42,409
 
Creditors: amounts falling due within one year 7
(70,259
)
(96,087
)
Net current liabilities
(25,673
)
(53,678
)
Total assets less current liabilities 24,533   13,607  
Capital and reserves    
Called up share capital
5
 
5
 
Profit and loss account
24,528
 
13,602
 
Shareholders funds
24,533
 
13,607
 
For the year ending
31 December 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
20 August 2024
, and are signed on behalf of the board by:
H Eichhoebl
Director
Company registration number:
13981516
Formwork & Structures Plant Hire Ltd
Notes to the Financial Statements
Year ended
31 December 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Bramhall House 14 Ack Lane East
,
Bramhall
,
Stockport
,
SK7 2BY
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Motor vehicles
25% straight line

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2022: Nil).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 January 2023
and
31 December 2023
68,318
 
Depreciation  
At
1 January 2023
1,033
 
Charge
17,079
 
At
31 December 2023
18,112
 
Carrying amount  
At
31 December 2023
50,206
 
At 31 December 2022
67,285
 

6 Debtors

20232022
££
Trade debtors -  
38,784
 
Other debtors
9,689
  -  
9,689
 
38,784
 

7 Creditors: amounts falling due within one year

20232022
££
Trade creditors
19,416
  -  
Taxation and social security
890
 
8,376
 
Other creditors
49,953
 
87,711
 
70,259
 
96,087