REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30 March 2024 |
for |
NETWORK PLUS PLANT HIRE LIMITED |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30 March 2024 |
for |
NETWORK PLUS PLANT HIRE LIMITED |
NETWORK PLUS PLANT HIRE LIMITED (REGISTERED NUMBER: 04920746) |
Contents of the Financial Statements |
for the year ended 30 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
NETWORK PLUS PLANT HIRE LIMITED |
Company Information |
for the year ended 30 March 2024 |
Directors: |
Registered office: |
Registered number: |
Auditors: |
Northern Assurance Buildings |
9-21 Princess Street |
Manchester |
M2 4DN |
NETWORK PLUS PLANT HIRE LIMITED (REGISTERED NUMBER: 04920746) |
Balance Sheet |
30 March 2024 |
2024 | 2023 |
Notes | £ | £ |
Current assets |
Debtors | 5 |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 6 |
Retained earnings |
Shareholders' funds |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
NETWORK PLUS PLANT HIRE LIMITED (REGISTERED NUMBER: 04920746) |
Notes to the Financial Statements |
for the year ended 30 March 2024 |
1. | Statutory information |
Network Plus Plant Hire Limited is a |
2. | Statement of compliance |
3. | Accounting policies |
Basis of preparing the financial statements |
The financial statements have been prepared on the going concern basis as the Directors have a reasonable expectation that the Company has adequate resources for a period of at least 12 months from the date of approval of the financial statements. |
In assessing the appropriateness of the going concern basis of accounting, the Board have taken into account a number of factors including current operating performance, cash liquidity, approved budgets forecasts covering the going concern period and forecast banking compliance ratios. |
Management has prepared, and the Directors have reviewed and approved, budgets for the year ending 30 March 2025. These budgets include profit projections and cash flow forecasts. Longer term 5 year plans out to March 2028 have also been prepared and reviewed by the Board. An element of uncertainty is inherent in forecasting and key sensitivities have been considered when budgets are prepared and approved. |
Consequently, the Directors are satisfied that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements. Therefore, the financial statements have been prepared on a going concern basis. |
4. | Employees and directors |
The average number of employees during the year was NIL (2023 - NIL). |
5. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Amounts owed by group undertakings |
6. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 1,500 | 1,500 |
7. | Disclosure under Section 444(5B) of the Companies Act 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
NETWORK PLUS PLANT HIRE LIMITED (REGISTERED NUMBER: 04920746) |
Notes to the Financial Statements - continued |
for the year ended 30 March 2024 |
8. | Related party disclosures |
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. |
9. | Ultimate controlling party |
The immediate parent company, by virtue of its 100% shareholding, is Network Plus Utility Services Limited, a company registered in the United Kingdom. |
Nyetimber Finco Limited, a company registered in the United Kingdom, is the parent undertaking of the smallest group of undertakings to consolidate these financial statements. Copies of the group accounts are available from Chaddock Lane, Worsley, Greater Manchester M28 1XW. |
OMERS Administration Corporation is the ultimate controlling party of Nyetimber Finco Limited. |