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REGISTERED NUMBER: 04769444 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Hughes Plant Hire Limited

Hughes Plant Hire Limited (Registered number: 04769444)






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


Hughes Plant Hire Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr J P Hughes





SECRETARY: Mr J P Hughes





REGISTERED OFFICE: 3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH





REGISTERED NUMBER: 04769444 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

Hughes Plant Hire Limited (Registered number: 04769444)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,982,128 3,116,787
Investments 5 558 558
2,982,686 3,117,345

CURRENT ASSETS
Debtors 6 517,169 393,981
Cash at bank and in hand 2,586,100 2,723,952
3,103,269 3,117,933
CREDITORS
Amounts falling due within one year 7 733,657 760,970
NET CURRENT ASSETS 2,369,612 2,356,963
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,352,298

5,474,308

CREDITORS
Amounts falling due after more than one
year

8

(17,322

)

(259,493

)

PROVISIONS FOR LIABILITIES (741,515 ) (560,300 )
NET ASSETS 4,593,461 4,654,515

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 4,593,459 4,654,513
SHAREHOLDERS' FUNDS 4,593,461 4,654,515

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.

Hughes Plant Hire Limited (Registered number: 04769444)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2024 and were signed by:





Mr J P Hughes - Director


Hughes Plant Hire Limited (Registered number: 04769444)

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

1. STATUTORY INFORMATION

Hughes 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 etc - 30% on reducing balance and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

Hughes Plant Hire Limited (Registered number: 04769444)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 897,798 6,504,910 7,402,708
Additions - 984,566 984,566
Disposals - (843,392 ) (843,392 )
At 30 November 2023 897,798 6,646,084 7,543,882
DEPRECIATION
At 1 December 2022 - 4,285,921 4,285,921
Charge for year - 677,482 677,482
Eliminated on disposal - (401,649 ) (401,649 )
At 30 November 2023 - 4,561,754 4,561,754
NET BOOK VALUE
At 30 November 2023 897,798 2,084,330 2,982,128
At 30 November 2022 897,798 2,218,989 3,116,787

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2022 3,523,920
Transfer to ownership (2,660,320 )
At 30 November 2023 863,600
DEPRECIATION
At 1 December 2022 1,947,836
Charge for year 160,240
Transfer to ownership (1,725,200 )
At 30 November 2023 382,876
NET BOOK VALUE
At 30 November 2023 480,724
At 30 November 2022 1,576,084

Hughes Plant Hire Limited (Registered number: 04769444)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2022
and 30 November 2023 558
NET BOOK VALUE
At 30 November 2023 558
At 30 November 2022 558

Made up of the following additions in the year: Shares Nominal Value

Shares in VBTH Ltd 15 £1
Shares in PJP (NE) Ltd 50 £1
Shares in North East Buildings & Developments Ltd 27 £1
Shares in Heaton Building & Developments Ltd 15 £1
Shares in Entec Ltd 1 £1
Shares in Barwick Homes Ltd 50 £1
Shares in HPH Hartlepool Ltd 100 £1
Shares in Conside Ltd 100 £1
Shares in Castle Eden Bio Ltd 100 £1
Shares in Entec (UK) Bioplant Ltd 100 £1


TOTALS 558

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 209,462 195,564
Other debtors 307,707 198,417
517,169 393,981

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,720 599
Hire purchase contracts 237,720 386,890
Trade creditors 229,437 70,747
Taxation and social security 149,665 198,929
Other creditors 106,115 103,805
733,657 760,970

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 17,322 259,493

Hughes Plant Hire Limited (Registered number: 04769444)

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

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 November 2023 and the period ended 30 November 2022:

2023 2022
£    £   
Mr J P Hughes
Balance outstanding at start of year - 320,223
Amounts repaid - (320,223 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

10. CONTROL

Hughes Plant Hire Limited is under the control of the directors.