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REGISTERED NUMBER: 08309607 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

G PLANT (MIDLANDS) LIMITED

G PLANT (MIDLANDS) LIMITED (REGISTERED NUMBER: 08309607)






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


G PLANT (MIDLANDS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr G J Plant





REGISTERED OFFICE: South Field Farm
Leek Road
Wetley Rocks
Stoke-on-Trent
Staffordshire
ST9 0AR





REGISTERED NUMBER: 08309607 (England and Wales)





ACCOUNTANTS: Wynniatt-Husey Limited (Uttoxeter Branch)
The Old Bakehouse
Dove Walk
Uttoxeter
Staffordshire
ST14 8EH

G PLANT (MIDLANDS) LIMITED (REGISTERED NUMBER: 08309607)

BALANCE SHEET
31 JANUARY 2024

31.1.23 31.1.24
£    Notes £   
FIXED ASSETS
764,625 Tangible assets 4 713,510

CURRENT ASSETS
- Stocks 5 61,198
224,398 Debtors 6 170,671
24,595 Cash at bank 57,543
248,993 289,412
CREDITORS
(289,613 ) Amounts falling due within one year 7 (271,938 )
(40,620 ) NET CURRENT ASSETS/(LIABILITIES) 17,474
724,005 TOTAL ASSETS LESS CURRENT
LIABILITIES

730,984

CREDITORS
(312,953 ) Amounts falling due after more than one
year

8

(281,819

)

(79,115 ) PROVISIONS FOR LIABILITIES 9 (59,147 )
331,937 NET ASSETS 390,018

CAPITAL AND RESERVES
100 Called up share capital 10 100
331,837 Retained earnings 389,918
331,937 SHAREHOLDERS' FUNDS 390,018

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 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.

G PLANT (MIDLANDS) LIMITED (REGISTERED NUMBER: 08309607)

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 director and authorised for issue on 23 July 2024 and were signed by:





Mr G J Plant - Director


G PLANT (MIDLANDS) LIMITED (REGISTERED NUMBER: 08309607)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

G Plant (Midlands) 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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

G PLANT (MIDLANDS) LIMITED (REGISTERED NUMBER: 08309607)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
Totals property machinery
£    £    £   
COST
At 1 February 2023 1,110,646 464,138 577,599
Additions 54,848 - 46,848
Disposals (99,435 ) - (79,940 )
At 31 January 2024 1,066,059 464,138 544,507
DEPRECIATION
At 1 February 2023 346,021 - 317,361
Charge for year 46,461 - 37,337
Eliminated on disposal (39,933 ) - (24,547 )
At 31 January 2024 352,549 - 330,151
NET BOOK VALUE
At 31 January 2024 713,510 464,138 214,356
At 31 January 2023 764,625 464,138 260,238

G PLANT (MIDLANDS) LIMITED (REGISTERED NUMBER: 08309607)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment
£    £    £   
COST
At 1 February 2023 5,395 62,336 1,178
Additions - 8,000 -
Disposals - (19,495 ) -
At 31 January 2024 5,395 50,841 1,178
DEPRECIATION
At 1 February 2023 3,311 24,515 834
Charge for year 521 8,517 86
Eliminated on disposal - (15,386 ) -
At 31 January 2024 3,832 17,646 920
NET BOOK VALUE
At 31 January 2024 1,563 33,195 258
At 31 January 2023 2,084 37,821 344

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
Totals machinery vehicles
£    £    £   
COST
At 1 February 2023 90,591 66,250 24,341
Additions 41,990 41,990 -
Disposals (41,990 ) (41,990 ) -
At 31 January 2024 90,591 66,250 24,341
DEPRECIATION
At 1 February 2023 7,443 6,226 1,217
Charge for year 14,784 9,003 5,781
At 31 January 2024 22,227 15,229 6,998
NET BOOK VALUE
At 31 January 2024 68,364 51,021 17,343
At 31 January 2023 83,148 60,024 23,124

5. STOCKS
31.1.24 31.1.23
£    £   
Work-in-progress 61,198 -

G PLANT (MIDLANDS) LIMITED (REGISTERED NUMBER: 08309607)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 91,252 141,332
Intercompany loan 67,267 63,431
VAT 11,358 19,635
Prepayments 794 -
170,671 224,398

The Intercompany loan is interest free and payable upon demand.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other loans - within 1yr 31,387 28,084
Hire purchase contracts 20,899 24,406
Trade creditors 36,890 29,531
Company credit card 421 1,679
Tax 50,736 24,188
Social security and other taxes 5,665 429
Directors' current accounts 117,854 169,170
Accrued expenses 8,086 12,126
271,938 289,613

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Other loans - 1-5 years 257,739 292,429
Hire purchase contracts 24,080 20,524
281,819 312,953

9. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 59,147 79,115

Deferred
tax
£   
Balance at 1 February 2023 79,115
Provided during year (19,968 )
Balance at 31 January 2024 59,147

G PLANT (MIDLANDS) LIMITED (REGISTERED NUMBER: 08309607)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary 1 100 100