Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activity2023-04-01false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC758093 2023-03-31 SC758093 2023-04-01 2024-03-31 SC758093 2022-04-01 2023-03-31 SC758093 2024-03-31 SC758093 c:CompanySecretary1 2023-04-01 2024-03-31 SC758093 c:Director1 2023-04-01 2024-03-31 SC758093 c:Director1 2024-03-31 SC758093 c:Director2 2023-04-01 2024-03-31 SC758093 c:Director2 2024-03-31 SC758093 c:RegisteredOffice 2023-04-01 2024-03-31 SC758093 d:PlantMachinery 2023-04-01 2024-03-31 SC758093 d:PlantMachinery 2024-03-31 SC758093 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC758093 d:CurrentFinancialInstruments 2024-03-31 SC758093 d:Non-currentFinancialInstruments 2024-03-31 SC758093 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC758093 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC758093 d:ShareCapital 2024-03-31 SC758093 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC758093 c:OrdinaryShareClass1 2023-04-01 2024-03-31 SC758093 c:OrdinaryShareClass1 2024-03-31 SC758093 c:FRS102 2023-04-01 2024-03-31 SC758093 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC758093 c:FullAccounts 2023-04-01 2024-03-31 SC758093 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC758093 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC758093










SCOTPLANT HIRE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
SCOTPLANT HIRE LIMITED
 

COMPANY INFORMATION


DIRECTORS
S O Innes (appointed 16 February 2023)
N Innes (appointed 16 February 2023)




COMPANY SECRETARY
S O Innes



REGISTERED NUMBER
SC758093



REGISTERED OFFICE
Office Cairnhill Farm
Drumblade

Huntly

Aberdeenshire

AB54 4RD




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
SCOTPLANT HIRE LIMITED
REGISTERED NUMBER: SC758093

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
Note
£

FIXED ASSETS
  

Tangible Fixed Assets
 4 
246,255

  
246,255

CURRENT ASSETS
  

Debtors: amounts falling due within one year
  
1

Cash at bank and in hand
  
68

  
69

Creditors: amounts falling due within one year
 6 
(110,356)

NET CURRENT (LIABILITIES)/ASSETS
  
 
 
(110,287)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
135,968

Creditors: amounts falling due after more than one year
 7 
(109,102)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(6,716)

  
 
 
(6,716)

NET ASSETS
  
20,150


CAPITAL AND RESERVES
  

Called up share capital 
  
2

Profit and loss account
  
20,148

  
20,150


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 September 2024.




N Innes
S O Innes
Page 1

 
SCOTPLANT HIRE LIMITED
REGISTERED NUMBER: SC758093

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

Director
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SCOTPLANT HIRE LIMITED
 

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

1.


GENERAL INFORMATION

Scotplant Hire is a limited company registered in Scotland, with the registered office being
situated at Cairnhill Farm, Drumblade, Huntly, Aberdeenshire, AB54 4RD.

The financial statements are presented in Sterling which is the functional currency of the company and
rounded to the nearest £.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
SCOTPLANT HIRE LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
12.5%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
SCOTPLANT HIRE LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2.


4.


TANGIBLE FIXED ASSETS





Plant and machinery

£



COST OR VALUATION


Additions
281,440



At 31 March 2024

281,440



DEPRECIATION


Charge for the year on owned assets
35,185



At 31 March 2024

35,185



NET BOOK VALUE



At 31 March 2024
246,255

Page 5

 
SCOTPLANT HIRE LIMITED
 

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

5.


DEBTORS

2024
£


Other debtors
1

1



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
£

Other loans
11,270

Net obligations under finance lease and hire purchase contracts
73,961

Other creditors
21,925

Accruals and deferred income
3,200

110,356



7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
£

Net obligations under finance leases and hire purchase contracts
109,102

109,102



8.


SHARE CAPITAL

2024
£
ALLOTTED, CALLED UP AND FULLY PAID


2 Ordinary shares of £1.00 each
2


The Company issued 2 ordinary shares during the year at a nominal value of £1 per share


Page 6