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REGISTERED NUMBER: 09775432 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

DRL Plant Hire Limited

DRL Plant Hire Limited (Registered number: 09775432)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


DRL Plant Hire Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D Lee





REGISTERED OFFICE: 6 Parlick View Court
Longridge
Preston
Lancashire
PR3 2DU





REGISTERED NUMBER: 09775432 (England and Wales)





ACCOUNTANTS: Ribble Valley Accountants Ltd
14 Towneley Parade
Longridge
Preston
Lancashire
PR3 3HU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
DRL Plant Hire Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DRL Plant Hire Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the director of DRL Plant Hire Limited in accordance with the terms of our engagement letter dated 1 April 2021. Our work has been undertaken solely to prepare for your approval the financial statements of DRL Plant Hire Limited and state those matters that we have agreed to state to the director of DRL Plant Hire Limited in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that DRL Plant Hire Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of DRL Plant Hire Limited. You consider that DRL Plant Hire Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of DRL Plant Hire Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ribble Valley Accountants Ltd
14 Towneley Parade
Longridge
Preston
Lancashire
PR3 3HU


9 September 2024

DRL Plant Hire Limited (Registered number: 09775432)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 791,033 964,320
Investments 5 80,400 80,400
871,433 1,044,720

CURRENT ASSETS
Debtors 6 632,915 530,639
Cash at bank 188,909 67,068
821,824 597,707
CREDITORS
Amounts falling due within one year 7 155,976 153,493
NET CURRENT ASSETS 665,848 444,214
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,537,281

1,488,934

CREDITORS
Amounts falling due after more than one
year

8

(360,048

)

(518,275

)

PROVISIONS FOR LIABILITIES (16,445 ) (16,445 )
NET ASSETS 1,160,788 954,214

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,160,688 954,114
1,160,788 954,214

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 director and authorised for issue on 9 September 2024 and were signed by:




D Lee - Director


DRL Plant Hire Limited (Registered number: 09775432)

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

1. STATUTORY INFORMATION

DRL 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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Hire purchase and leasing commitments
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 - 5 ) .

DRL Plant Hire Limited (Registered number: 09775432)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 1,285,431 212,380 1,497,811
Additions 16,000 18,000 34,000
At 31 December 2023 1,301,431 230,380 1,531,811
DEPRECIATION
At 1 January 2023 455,557 77,934 533,491
Charge for year 169,175 38,112 207,287
At 31 December 2023 624,732 116,046 740,778
NET BOOK VALUE
At 31 December 2023 676,699 114,334 791,033
At 31 December 2022 829,874 134,446 964,320

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 80,400
NET BOOK VALUE
At 31 December 2023 80,400
At 31 December 2022 80,400

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 71,230 67,590
Amounts owed by associates 450,000 400,000
Other debtors 78,063 31,296
Directors' current accounts 33,622 31,753
632,915 530,639

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,502 10,500
Hire purchase contracts 127,400 127,569
Trade creditors 48 1,230
VAT 15,278 12,103
Other creditors 1,006 349
Accruals and deferred income 1,742 1,742
155,976 153,493

DRL Plant Hire Limited (Registered number: 09775432)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 2-5 years 13,142 22,958
Hire purchase contracts 346,906 495,317
360,048 518,275