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REGISTERED NUMBER: 04253619 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2023

FOR

B.A.K. PLANT HIRE LIMITED

B.A.K. PLANT HIRE LIMITED (REGISTERED NUMBER: 04253619)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B.A.K. PLANT HIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2023







DIRECTORS: D M Keegan
B J Keegan



SECRETARY: D M Keegan



REGISTERED OFFICE: Riverside House
River Lane
Saltney
Chester
CH4 8RQ



REGISTERED NUMBER: 04253619 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: Barclays Bank plc
PO Box 1330
Flint
Flintshire
CH6 5WJ

B.A.K. PLANT HIRE LIMITED (REGISTERED NUMBER: 04253619)

BALANCE SHEET
30TH SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 139,994 125,361

CURRENT ASSETS
Debtors 5 502,435 565,506
Cash at bank 1,465,713 1,231,677
1,968,148 1,797,183
CREDITORS
Amounts falling due within one year 6 160,790 175,076
NET CURRENT ASSETS 1,807,358 1,622,107
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,947,352

1,747,468

CREDITORS
Amounts falling due after more than one
year

7

(32,123

)

(29,758

)

PROVISIONS FOR LIABILITIES 9 (34,999 ) (23,819 )
NET ASSETS 1,880,230 1,693,891

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 1,879,230 1,692,891
SHAREHOLDERS' FUNDS 1,880,230 1,693,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

B.A.K. PLANT HIRE LIMITED (REGISTERED NUMBER: 04253619)

BALANCE SHEET - continued
30TH SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th June 2024 and were signed on its behalf by:





D M Keegan - Director


B.A.K. PLANT HIRE LIMITED (REGISTERED NUMBER: 04253619)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

1. STATUTORY INFORMATION

B.A.K. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of 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 : 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

B.A.K. PLANT HIRE LIMITED (REGISTERED NUMBER: 04253619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st October 2022 504,900
Additions 63,139
Disposals (25,000 )
At 30th September 2023 543,039
DEPRECIATION
At 1st October 2022 379,539
Charge for year 46,668
Eliminated on disposal (23,162 )
At 30th September 2023 403,045
NET BOOK VALUE
At 30th September 2023 139,994
At 30th September 2022 125,361

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1st October 2022 73,250
Additions 36,239
Transfer to ownership (37,000 )
At 30th September 2023 72,489
DEPRECIATION
At 1st October 2022 38,537
Charge for year 14,157
Transfer to ownership (22,677 )
At 30th September 2023 30,017
NET BOOK VALUE
At 30th September 2023 42,472
At 30th September 2022 34,713

B.A.K. PLANT HIRE LIMITED (REGISTERED NUMBER: 04253619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

5. DEBTORS
30.9.23 30.9.22
£    £   
Amounts falling due within one year:
Trade debtors 86,419 146,419
Prepayments and accrued income 50,000 50,000
136,419 196,419

Amounts falling due after more than one year:
Other debtors 366,016 369,087

Aggregate amounts 502,435 565,506

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 8,535 7,387
Trade creditors 3,465 177
Corporation tax 121,138 123,603
VAT 11,461 24,391
Directors' current accounts 3,341 3,341
Accruals and deferred income 2,850 6,177
160,790 175,076

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans - 1-2 years 19,758 10,000
Bank loans - 2-5 years - 19,758
Hire purchase contracts (see note 8) 12,365 -
32,123 29,758

8. LEASING AGREEMENTS

Non-cancellable operating leases
30.9.23 30.9.22
£    £   
Within one year - 7,387

9. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax
Accelerated capital allowances 34,999 23,819

B.A.K. PLANT HIRE LIMITED (REGISTERED NUMBER: 04253619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st October 2022 23,819
Movement in the year due to :
changes in tax allowances 2,780
change in tax rates 8,400
Balance at 30th September 2023 34,999

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. CAPITAL COMMITMENTS
30.9.23 30.9.22
£    £   
Contracted but not provided for in the
financial statements - -

12. RELATED PARTY DISCLOSURES

During the year B.A.K. Plant Hire Limited hired plant to B.A.K. Civil Engineering Limited in the sum of £338,064 (2022: £338,064).

The balance owed by B.A.K. Civil Engineering Limited to B.A.K. Plant Hire Limited at 30 September 2023 amounted to £86,419 (2022: £146,419). This amount is included in trade debtors.

B.A.K. Plant Hire Limited has a loan account with B.A.K. Civil Engineering Limited of £366,016 (2022: £369,087). This amount is shown in other debtors.

D M Keegan is a director of B.A.K. Plant Hire Limited and B.A.K. Civil Engineering Limited.

13. ULTIMATE CONTROLLING PARTY

The controlling party is D M Keegan.

The ultimate controlling party is D M Keegan.