Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 00835167 Mr E R Plummer Mr J C Walker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00835167 2022-12-31 00835167 2023-12-31 00835167 2023-01-01 2023-12-31 00835167 frs-core:CurrentFinancialInstruments 2023-12-31 00835167 frs-core:Non-currentFinancialInstruments 2023-12-31 00835167 frs-core:BetweenOneFiveYears 2023-12-31 00835167 frs-core:ComputerEquipment 2023-12-31 00835167 frs-core:ComputerEquipment 2023-01-01 2023-12-31 00835167 frs-core:ComputerEquipment 2022-12-31 00835167 frs-core:MotorVehicles 2023-12-31 00835167 frs-core:MotorVehicles 2023-01-01 2023-12-31 00835167 frs-core:MotorVehicles 2022-12-31 00835167 frs-core:PlantMachinery 2023-12-31 00835167 frs-core:PlantMachinery 2023-01-01 2023-12-31 00835167 frs-core:PlantMachinery 2022-12-31 00835167 frs-core:WithinOneYear 2023-12-31 00835167 frs-core:ShareCapital 2023-12-31 00835167 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 00835167 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00835167 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 00835167 frs-bus:SmallEntities 2023-01-01 2023-12-31 00835167 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 00835167 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 00835167 frs-bus:Director1 2023-01-01 2023-12-31 00835167 frs-bus:Director2 2023-01-01 2023-12-31 00835167 frs-countries:EnglandWales 2023-01-01 2023-12-31 00835167 2021-12-31 00835167 2022-12-31 00835167 2022-01-01 2022-12-31 00835167 frs-core:CurrentFinancialInstruments 2022-12-31 00835167 frs-core:Non-currentFinancialInstruments 2022-12-31 00835167 frs-core:BetweenOneFiveYears 2022-12-31 00835167 frs-core:WithinOneYear 2022-12-31 00835167 frs-core:ShareCapital 2022-12-31 00835167 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 00835167
T.W. Plummer & Son Limited
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 00835167
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 339,305 314,734
339,305 314,734
CURRENT ASSETS
Stocks 5 3,000 3,000
Debtors 6 146,292 192,551
Cash at bank and in hand 178,594 122,484
327,886 318,035
Creditors: Amounts Falling Due Within One Year 7 (184,088 ) (190,303 )
NET CURRENT ASSETS (LIABILITIES) 143,798 127,732
TOTAL ASSETS LESS CURRENT LIABILITIES 483,103 442,466
Creditors: Amounts Falling Due After More Than One Year 8 (136,448 ) (172,298 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (84,826 ) (59,800 )
NET ASSETS 261,829 210,368
CAPITAL AND RESERVES
Called up share capital 10 2,000 2,000
Profit and Loss Account 259,829 208,368
SHAREHOLDERS' FUNDS 261,829 210,368
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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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr E R Plummer
Director
Mr J C Walker
Director
27 August 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
T.W. Plummer & Son Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00835167 . The registered office is Lambourn Farm, Plumpton, Lewes, East Sussex, BN8 4EA.
The principal activity of the company continued to be that of haulage contractors.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for haulage services
provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair
value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is
the present value of the future receipts. The difference between the fair value of the consideration and the
nominal amount received is recognised as interest income.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Motor Vehicles 15% reducing balance
Computer Equipment 15% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as
reported in the profit and loss account because it excludes items of income or expense that are taxable or
deductible in other years and it further excludes items that are never taxable or deductible. The company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the
reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are
recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax
liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference
arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects
neither the tax profit nor the accounting profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2022: 8)
8 8
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 446,208 - 5,922 452,130
Additions 84,447 - - 84,447
As at 31 December 2023 530,655 - 5,922 536,577
Depreciation
As at 1 January 2023 135,051 - 2,345 137,396
Provided during the period 59,340 - 536 59,876
As at 31 December 2023 194,391 - 2,881 197,272
Net Book Value
As at 31 December 2023 336,264 - 3,041 339,305
As at 1 January 2023 311,157 - 3,577 314,734
5. Stocks
2023 2022
£ £
Stock 3,000 3,000
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 106,586 127,429
Other debtors 10,334 13,924
116,920 141,353
Due after more than one year
Other debtors 29,372 51,198
146,292 192,551
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 57,002 55,116
Trade creditors 80,547 81,579
Bank loans and overdrafts 10,050 10,066
Other creditors 15,951 25,886
Taxation and social security 20,538 17,656
184,088 190,303
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 122,382 148,199
Bank loans 14,066 24,099
136,448 172,298
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 57,002 55,116
Later than one year and not later than five years 122,382 148,199
179,384 203,315
179,384 203,315
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10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2,000 2,000
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