Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312023-04-01falseNo description of principal activity31falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09706994 2023-04-01 2024-03-31 09706994 2022-04-01 2023-03-31 09706994 2024-03-31 09706994 2023-03-31 09706994 c:Director1 2023-04-01 2024-03-31 09706994 c:Director3 2023-04-01 2024-03-31 09706994 d:PlantMachinery 2023-04-01 2024-03-31 09706994 d:PlantMachinery 2024-03-31 09706994 d:PlantMachinery 2023-03-31 09706994 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09706994 d:MotorVehicles 2023-04-01 2024-03-31 09706994 d:MotorVehicles 2024-03-31 09706994 d:MotorVehicles 2023-03-31 09706994 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09706994 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09706994 d:CurrentFinancialInstruments 2024-03-31 09706994 d:CurrentFinancialInstruments 2023-03-31 09706994 d:Non-currentFinancialInstruments 2024-03-31 09706994 d:Non-currentFinancialInstruments 2023-03-31 09706994 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09706994 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09706994 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 09706994 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09706994 d:ShareCapital 2024-03-31 09706994 d:ShareCapital 2023-03-31 09706994 d:SharePremium 2024-03-31 09706994 d:SharePremium 2023-03-31 09706994 d:RetainedEarningsAccumulatedLosses 2024-03-31 09706994 d:RetainedEarningsAccumulatedLosses 2023-03-31 09706994 c:FRS102 2023-04-01 2024-03-31 09706994 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09706994 c:FullAccounts 2023-04-01 2024-03-31 09706994 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09706994 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 09706994







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


MOSTRIM PLANT HIRE LTD






































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MOSTRIM PLANT HIRE LTD
REGISTERED NUMBER:09706994



STATEMENT OF FINANCIAL POSITION AS AT 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
791,271
794,421

  
791,271
794,421

Current assets
  

Debtors: amounts falling due within one year
 5 
101,976
57,367

Cash at bank and in hand
  
-
426

  
101,976
57,793

Creditors: amounts falling due within one year
 6 
(283,015)
(205,876)

Net current liabilities
  
 
 
(181,039)
 
 
(148,083)

Total assets less current liabilities
  
610,232
646,338

Creditors: amounts falling due after more than one year
 7 
(291,982)
(437,914)

  

Net assets
  
318,250
208,424


Capital and reserves
  

Called up share capital 
  
4
4

Share premium account
  
60,400
60,400

Profit and loss account
  
257,846
148,020

  
318,250
208,424


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.
 
Page 1

 


MOSTRIM PLANT HIRE LTD
REGISTERED NUMBER:09706994


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


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




L Clarke
D R Lane
Director
Director


Date: 4 October 2024
Date:4 October 2024

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 


MOSTRIM PLANT HIRE LTD
 


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

1.


General information

Mostrim Plant Hire Ltd (previously Longconn Plant Hire Ltd) is a private company, limited by shares, registered in England and Wales. The company's registered number is 09706994, and its registered office and trading address is 119 Kingston Road, Leatherhead, England, KT22 7SU.

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 received on the renting and leasing of construction equipment. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 


MOSTRIM PLANT HIRE LTD
 


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

2.Accounting policies (continued)

 
2.6

Taxation

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.

 
2.7

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
-
10%
reducing balance
Motor vehicles
-
20%
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.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

 The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 


MOSTRIM PLANT HIRE LTD
 


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

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost 


At 1 April 2023
963,833
24,300
988,133


Additions
95,650
-
95,650


Disposals
(30,411)
-
(30,411)



At 31 March 2024

1,029,072
24,300
1,053,372



Depreciation


At 1 April 2023
188,852
4,860
193,712


Charge for the year
71,905
-
71,905


Disposals
(3,516)
-
(3,516)



At 31 March 2024

257,241
4,860
262,101



Net book value



At 31 March 2024
771,831
19,440
791,271



At 31 March 2023
774,981
19,440
794,421

Page 5

 


MOSTRIM PLANT HIRE LTD
 


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

5.


Debtors

2024
2023
£
£


Trade debtors
100,099
33,704

Other debtors
-
23,663

Prepayments and accrued income
1,877
-

101,976
57,367



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
8,515
9,400

Bank loans
13,698
17,850

Trade creditors
4,854
8,850

Amounts owed to group undertakings
50,000
-

Other taxation and social security
27,435
-

Obligations under finance lease and hire purchase contracts
174,363
166,890

Other creditors
150
2,886

Accruals and deferred income
4,000
-

283,015
205,876



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
-
18,150

Hire purchase contracts
291,982
419,764

291,982
437,914


Page 6

 


MOSTRIM PLANT HIRE LTD
 


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

8.


Transactions with directors

The below transactions were in connection with the director of the company who resigned on 9 February 2024.

2024
2023
£
£

Balance outstanding at start of year
(2,885)
-
Amounts advanced
-
(2,885)
Amounts repaid
2,885
-
Balance outstanding at end of year
-
(2,885)

No interest is charged on this loan. 


9.


Related party transactions

Included within the financial statements are the following balances with a company held under common control.
Included within trade debtors is the following amount owed to the Company from a company held under common control £91,368 (2023: £33,704).
Included within turnover are the following sales made to the company held under common control £373,472 (2023: £292,568).


 
Page 7