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REGISTERED NUMBER: 06506994 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

LEIGH PLANT HIRE LIMITED

LEIGH PLANT HIRE LIMITED (REGISTERED NUMBER: 06506994)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


LEIGH PLANT HIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: A P Leigh
I M Leigh





SECRETARY: A P Leigh





REGISTERED OFFICE: Lostock Bridge Farm
Ulnes Walton Lane
Ulnes Walton
Leyland
PR26 8LT





REGISTERED NUMBER: 06506994 (England and Wales)





ACCOUNTANTS: Ryans
Chartered Accountants
67 Chorley Old Road
Bolton
BL1 3AJ

LEIGH PLANT HIRE LIMITED (REGISTERED NUMBER: 06506994)

ABRIDGED BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,422,257 2,005,536
2,422,257 2,005,536

CURRENT ASSETS
Debtors 286,476 475,014
Cash at bank and in hand 233,126 490,521
519,602 965,535
CREDITORS
Amounts falling due within one year 179,949 381,346
NET CURRENT ASSETS 339,653 584,189
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,761,910

2,589,725

PROVISIONS FOR LIABILITIES 543,919 348,008
NET ASSETS 2,217,991 2,241,717

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 2,217,891 2,241,617
SHAREHOLDERS' FUNDS 2,217,991 2,241,717

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

LEIGH PLANT HIRE LIMITED (REGISTERED NUMBER: 06506994)

ABRIDGED BALANCE SHEET - continued
31ST MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 30th September 2024 and were signed on its behalf by:





I M Leigh - Director


LEIGH PLANT HIRE LIMITED (REGISTERED NUMBER: 06506994)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Leigh 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.

"The financial statements have been prepared on a going concern basis which assumes the continuing support of related parties"

Turnover
Revenue - described as turnover - is the value of goods and services (net of VAT) provided to customers during the year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Computer software
Computer software is amortised over two years.

Depreciation
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
Computer equipment - 33% on cost

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.


LEIGH PLANT HIRE LIMITED (REGISTERED NUMBER: 06506994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023
and 31st March 2024 1,749
AMORTISATION
At 1st April 2023
and 31st March 2024 1,749
NET BOOK VALUE

At 31st March 2024 -
At 31st March 2023 -

LEIGH PLANT HIRE LIMITED (REGISTERED NUMBER: 06506994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023 6,300,599
Additions 1,317,110
Disposals (1,529,809 )
At 31st March 2024 6,087,900
DEPRECIATION
At 1st April 2023 4,295,063
Charge for year 520,508
Eliminated on disposal (1,149,928 )
At 31st March 2024 3,665,643
NET BOOK VALUE
At 31st March 2024 2,422,257
At 31st March 2023 2,005,536

6. SECURED DEBTS

The company's bankers hold personal guarantees from the directors to the value of £50,000.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous period by the directors Mr A Leigh and Mr I Leigh by virtue of the fact that between them they have a beneficial interest in the whole of the issued ordinary share capital.