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REGISTERED NUMBER: 01129341 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Robert McDonagh (Plant Hire) Limited

Robert McDonagh (Plant Hire) Limited (Registered number: 01129341)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Robert McDonagh (Plant Hire) Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: R J Mc Donagh
Mrs M Mc Donagh





SECRETARY: Mrs M Mc Donagh





REGISTERED OFFICE: 22 Green Lane
Wharncliffe Side
Sheffield
S35 0DL





REGISTERED NUMBER: 01129341 (England and Wales)





ACCOUNTANTS: Camplejohn Rowan
CFC House
Acorn Business Park
Woodseats Close
Sheffield
South Yorkshire
S8 0TB

Robert McDonagh (Plant Hire) Limited (Registered number: 01129341)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 123,740 95,732
Investment property 5 340,000 340,000
463,740 435,732

CURRENT ASSETS
Debtors 6 2,574 2,574
Cash at bank 134,853 237,861
137,427 240,435
CREDITORS
Amounts falling due within one year 7 (224,115 ) (296,227 )
NET CURRENT LIABILITIES (86,688 ) (55,792 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

377,052

379,940

CREDITORS
Amounts falling due after more than one
year

8

(1,302

)

(2,154

)

PROVISIONS FOR LIABILITIES (35,862 ) (27,414 )
NET ASSETS 339,888 350,372

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 339,788 350,272
339,888 350,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Robert McDonagh (Plant Hire) Limited (Registered number: 01129341)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





Mrs M Mc Donagh - Director


Robert McDonagh (Plant Hire) Limited (Registered number: 01129341)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Robert McDonagh (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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2.5% straight line
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

Robert McDonagh (Plant Hire) Limited (Registered number: 01129341)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 September 2022 113,463 128,130 8,296 24,893 274,782
Additions 32,532 - - - 32,532
At 31 August 2023 145,995 128,130 8,296 24,893 307,314
DEPRECIATION
At 1 September 2022 21,225 127,101 7,692 23,032 179,050
Charge for year 3,650 257 152 465 4,524
At 31 August 2023 24,875 127,358 7,844 23,497 183,574
NET BOOK VALUE
At 31 August 2023 121,120 772 452 1,396 123,740
At 31 August 2022 92,238 1,029 604 1,861 95,732

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 340,000
NET BOOK VALUE
At 31 August 2023 340,000
At 31 August 2022 340,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
VAT 2,574 2,574

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 852 852
Trade creditors 670 35
Tax 31,820 31,874
Social security and other taxes 1,365 1,365
Directors' current accounts 188,408 261,101
Accrued expenses 1,000 1,000
224,115 296,227

Robert McDonagh (Plant Hire) Limited (Registered number: 01129341)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 1,302 2,154

9. RESERVES
Retained
earnings
£   

At 1 September 2022 350,272
Deficit for the year (10,484 )
At 31 August 2023 339,788