06271015falsethe suplly of new and secondhand construction equipment, parts and repairs2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-12-31http://www.companieshouse.gov.uk/cd:Director12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director22023-01-012023-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-01-012023-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-12-31http://www.companieshouse.gov.uk/2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:FRS1022023-01-012023-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-01-012023-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 06271015

Plant and Engineering Services Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
Adderley & Co.
Chartered Accountants
1A Manor Road
Abbotskerswell
Newton Abbot
Devon
TQ12 5PR

Plant and Engineering Services Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
J Prior
M Adderley
REGISTERED OFFICE
Beare Works
Beare, Broadclyst
Exeter
Devon
EX5 3JX
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06271015
ACCOUNTANTS
Adderley & Co.
Chartered Accountants
1A Manor Road
Abbotskerswell
Newton Abbot
Devon
TQ12 5PR

Plant and Engineering Services Limited

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Plant and Engineering Services Limited

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3700,390685,581
CURRENT ASSETS
Stock1,180,5931,094,788
Debtors5430,529581,647
Cash at bank and in hand770,123773,688
2,381,2452,450,123
CREDITORS: Amounts falling due within one year61,056,6341,065,353
NET CURRENT ASSETS1,324,6111,384,770
TOTAL ASSETS LESS CURRENT LIABILITIES2,025,0012,070,351
PROVISIONS FOR LIABILITIES AND CHARGES813,27810,464
NET ASSETS2,011,7232,059,887
CAPITAL AND RESERVES
Called up share capital91,5001,500
Profit and loss account2,010,2232,058,387
SHAREHOLDERS' FUNDS2,011,7232,059,887
For the year ending 31/12/2023 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12/09/2024 and signed on their behalf by
.............................
J Prior
Director

Plant and Engineering Services Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 20%
Commercial Vehiclesstraight line 25%
Fixtures and Fittingsstraight line 20%
Motor Carsstraight line 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

Plant and Engineering Services Limited

2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/01/2023150,894150,894
At 31/12/2023150,894150,894
Depreciation
At 01/01/2023150,894150,894
At 31/12/2023150,894150,894
Net Book Amounts
At 31/12/2023--
3. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachinery Etc.Total
£££
Cost
At 01/01/2023630,507316,142946,649
Additions-42,03542,035
Disposals-(18,500)(18,500)
At 31/12/2023630,507339,677970,184
Depreciation
At 01/01/2023-261,068261,068
Disposals-(18,500)(18,500)
For the year-27,22627,226
At 31/12/2023-269,794269,794
Net Book Amounts
At 31/12/2023630,50769,883700,390
At 31/12/2022630,50755,074685,581
4. STOCK 20232022
££
Stock comprises:
Stock1,180,5931,094,788
1,180,5931,094,788

Plant and Engineering Services Limited

5. DEBTORS 20232022
££
Amounts falling due within one year:
Trade debtors416,972513,383
Other debtors13,55768,264
430,529581,647
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Trade creditors525,083734,948
Taxation and social security140,811257,647
Other creditors390,74072,758
1,056,6341,065,353
7. EMPLOYEES
20232022
No.No.
Average number of employees1414
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation13,27810,464
13,27810,464

Plant and Engineering Services Limited

9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1500 Ordinary shares of £1 each15001500
1,5001,500