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Registered number: 03957627

Pell Plant Hire Limited

ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024

Prepared By:
Greenhalgh Johnson Ltd
Accountants & Tax Advisors
Elland House
22 High Street
Burgh le Marsh
Skegness
PE24 5JT

Pell Plant Hire Limited

ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
DIRECTORS
Stephen Pell
Simon Pell
SECRETARY
Stephen Pell
REGISTERED OFFICE
Listoft Farm Buildings
Hogsthorpe
Skegness
Lincolnshire
PE24 5PE
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03957627
BANKERS
Barclays Bank Plc
ACCOUNTANTS
Greenhalgh Johnson Ltd
Accountants & Tax Advisors
Elland House
22 High Street
Burgh le Marsh
Skegness
PE24 5JT

Pell Plant Hire Limited

ACCOUNTS
FOR THEYEARENDED31 MARCH 2024
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-

Pell Plant Hire Limited

BALANCE SHEET AT 31 March 2024
20242023
Notes££
FIXED ASSETS
Tangible assets32,191,4862,392,290
CURRENT ASSETS
Stock12,00011,000
Debtors52,284,1031,187,167
Cash at bank and in hand417,848250,721
2,713,9511,448,888
CREDITORS: Amounts falling due within one year61,364,911399,148
NET CURRENT ASSETS1,349,0401,049,740
TOTAL ASSETS LESS CURRENT LIABILITIES3,540,5263,442,030
CREDITORS: Amounts falling due after more than one year71,164,2221,201,649
PROVISIONS FOR LIABILITIES AND CHARGES9350,709303,119
NET ASSETS2,025,5951,937,262
CAPITAL AND RESERVES
Called up share capital10110110
Profit and loss account2,025,4851,937,152
SHAREHOLDERS' FUNDS2,025,5951,937,262
For the year ending 31 March 2024 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 7 October 2024 and signed on their behalf by
.............................
Stephen Pell
Director
.............................
Simon Pell
Director

Pell Plant Hire Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
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.
Land And Buildingsstraight line 03%
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 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.

Pell Plant Hire Limited

1f. Leasing Commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 1 April 202310,00010,000
At 31 March 202410,00010,000
Depreciation
At 1 April 202310,00010,000
At 31 March 202410,00010,000
Net Book Amounts
At 31 March 2024--
3. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachinery Etc.Total
£££
Cost
At 1 April 2023258,8724,621,7434,880,615
Additions63,869240,206304,075
Disposals-(30,000)(30,000)
At 31 March 2024322,7414,831,9495,154,690
Depreciation
At 1 April 20231,8002,486,5252,488,325
For the year2,814472,065474,879
At 31 March 20244,6142,958,5902,963,204
Net Book Amounts
At 31 March 2024318,1271,873,3592,191,486
At 31 March 2023257,0722,135,2182,392,290
Included above are assets subject to finance agreements:
Plant and machinery - Book value £929,586 ( 2023 £1,191.074) on which depreciation was charged of £232,396 ( 2021 £41,065).
4. STOCK 20242023
££
Stock comprises:
Stock12,00011,000
12,00011,000

Pell Plant Hire Limited

5. DEBTORS 20242023
££
Amounts falling due within one year:
Trade debtors1,613,1851,138,277
VAT105,05011,699
Other debtors565,86837,191
2,284,1031,187,167
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Bank loans and overdrafts23,85427,389
Trade creditors1,043,349218,655
Taxation and social security189,88382,222
Other creditors107,82570,882
1,364,911399,148
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans and overdrafts65,64288,163
Other creditors1,098,5801,113,486
1,164,2221,201,649
Included in other creditors are:
Obligations under finance leases989,750989,750
Obligations under hire purchase108,830123,736

Pell Plant Hire Limited

8. EMPLOYEES
20242023
No.No.
Average number of employees2931
9. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation350,709303,119
350,709303,119
10. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
10 Employee shares of £1 each1010
110110
New shares issued during period:
Employee shares of £1 each-2
-(2)
11. CONTROLLING PARTY
The directors are considered to be the ultimate controlling party by virtue of their ability to act in concert in respect of the operational and financial policies of the company.