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REGISTERED NUMBER: 02290248 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BISON PLANT HIRE LIMITED

BISON PLANT HIRE LIMITED (REGISTERED NUMBER: 02290248)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BISON PLANT HIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr K Tomblin
Mrs S M Meek
Mr G J A Tomblin





REGISTERED OFFICE: Broadway Trading Estate
South Cerney
Cirencester
Gloucestershire
GL7 5UH





REGISTERED NUMBER: 02290248 (England and Wales)





ACCOUNTANTS: Shiner Mitchell Fisher & Co. Ltd
Smith House
George Street
Nailsworth
Stroud
Gloucestershire
GL6 0AG

BISON PLANT HIRE LIMITED (REGISTERED NUMBER: 02290248)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,695,824 1,546,505

CURRENT ASSETS
Debtors 5 439,474 292,745
Cash at bank and in hand 476,387 626,573
915,861 919,318
CREDITORS
Amounts falling due within one year 6 408,740 465,331
NET CURRENT ASSETS 507,121 453,987
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,202,945

2,000,492

CREDITORS
Amounts falling due after more than one
year

7

(376,196

)

(309,578

)

PROVISIONS FOR LIABILITIES (320,045 ) (293,836 )
NET ASSETS 1,506,704 1,397,078

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,506,604 1,396,978
SHAREHOLDERS' FUNDS 1,506,704 1,397,078

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 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.

BISON PLANT HIRE LIMITED (REGISTERED NUMBER: 02290248)

BALANCE SHEET - continued
31 DECEMBER 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 26 August 2024 and were signed on its behalf by:





Mr K Tomblin - Director


BISON PLANT HIRE LIMITED (REGISTERED NUMBER: 02290248)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Bison 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost, 25% on reducing balance and 20% on cost

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
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.

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 11 (2022 - 11 ) .

BISON PLANT HIRE LIMITED (REGISTERED NUMBER: 02290248)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 3,948,345
Additions 670,813
Disposals (482,700 )
At 31 December 2023 4,136,458
DEPRECIATION
At 1 January 2023 2,401,840
Charge for year 464,043
Eliminated on disposal (425,249 )
At 31 December 2023 2,440,634
NET BOOK VALUE
At 31 December 2023 1,695,824
At 31 December 2022 1,546,505

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 2,181,417
Additions 651,068
Transfer to ownership (88,400 )
At 31 December 2023 2,744,085
DEPRECIATION
At 1 January 2023 1,071,973
Charge for year 343,540
Transfer to ownership (61,852 )
At 31 December 2023 1,353,661
NET BOOK VALUE
At 31 December 2023 1,390,424
At 31 December 2022 1,109,444

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 188,287 268,084
Other debtors 251,187 24,661
439,474 292,745

BISON PLANT HIRE LIMITED (REGISTERED NUMBER: 02290248)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 338,716 337,833
Trade creditors 27,082 37,181
Taxation and social security 28,176 87,700
Other creditors 14,766 2,617
408,740 465,331

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 376,196 309,578

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 714,912 652,248

Obligations under hire purchase contracts are secured on the underlying assets.

9. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by its directors who, between them, own 72% of the issued ordinary share capital.