1 August 2023 false Taxfiler 2024.5 03816091business:PrivateLimitedCompanyLtd2023-08-012024-07-31 038160912023-07-31 038160912023-08-012024-07-31 03816091business:AuditExemptWithAccountantsReport2023-08-012024-07-31 03816091business:FilletedAccounts2023-08-012024-07-31 038160912024-07-31 03816091business:Director12023-08-012024-07-31 03816091business:Director22023-08-012024-07-31 03816091business:Director32023-08-012024-07-31 03816091business:RegisteredOffice2023-08-012024-07-31 038160912023-07-31 03816091core:WithinOneYear2024-07-31 03816091core:WithinOneYear2023-07-31 03816091core:AfterOneYear2024-07-31 03816091core:AfterOneYear2023-07-31 03816091core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 03816091core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 03816091core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 03816091core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 03816091core:PreviouslyStatedAmount2024-07-31 03816091core:PreviouslyStatedAmount2023-07-31 03816091business:SmallEntities2023-08-012024-07-31 03816091countries:EnglandWales2023-08-012024-07-31 03816091core:PlantMachinery2023-08-012024-07-31 03816091core:MotorVehicles2023-08-012024-07-31 03816091core:PlantMachinery2023-07-31 03816091core:MotorVehicles2023-07-31 03816091core:PlantMachinery2024-07-31 03816091core:MotorVehicles2024-07-31 03816091core:PlantMachinerycore:LeasedAssetsHeldAsLessee2024-07-31 03816091core:PlantMachinerycore:LeasedAssetsHeldAsLessee2023-07-31 03816091core:MotorVehiclescore:LeasedAssetsHeldAsLessee2024-07-31 03816091core:MotorVehiclescore:LeasedAssetsHeldAsLessee2023-07-31 03816091core:AcceleratedTaxDepreciationDeferredTax2024-07-31 03816091core:AcceleratedTaxDepreciationDeferredTax2023-07-31 038160912022-07-31 038160912022-08-012023-07-31 03816091business:OrdinaryShareClass12023-08-012024-07-31 03816091business:OrdinaryShareClass12022-08-012023-07-31 03816091core:BetweenOneFiveYears2024-07-31 03816091core:BetweenOneFiveYears2023-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 03816091 (England and Wales)
Gorringe Plant Limited Unaudited accounts for the year ended 31 July 2024
Gorringe Plant Limited Unaudited accounts Contents
Page
- 2 -
Gorringe Plant Limited Company Information for the year ended 31 July 2024
Directors
F A Gorringe P J Gorringe T P J Gorringe
Company Number
03816091 (England and Wales)
Registered Office
Broomfield Farm, South Lane Dallington Heathfield East Sussex TN21 9NJ United Kingdom
Accountants
Worthweld PT Limited 5 Field End Maresfield Uckfield East Sussex TN22 2DJ
- 3 -
Gorringe Plant Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
871,098 
805,988 
Investment property
250,781 
250,781 
1,121,879 
1,056,769 
Current assets
Debtors
131,322 
165,989 
Cash at bank and in hand
381,630 
212,727 
512,952 
378,716 
Creditors: amounts falling due within one year
(184,586)
(169,434)
Net current assets
328,366 
209,282 
Total assets less current liabilities
1,450,245 
1,266,051 
Creditors: amounts falling due after more than one year
(54,513)
(32,671)
Provisions for liabilities
Deferred tax
(217,776)
(201,497)
Net assets
1,177,956 
1,031,883 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
1,177,954 
1,031,881 
Shareholders' funds
1,177,956 
1,031,883 
For the year ending 31 July 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by
P J Gorringe Director Company Registration No. 03816091
- 4 -
Gorringe Plant Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Gorringe Plant Limited is a private company, limited by shares, registered in England and Wales, registration number 03816091. The registered office is Broomfield Farm, South Lane, Dallington, Heathfield, East Sussex, TN21 9NJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% per annum on the reducing balance method
Motor vehicles
25% per annum on the reducing balance method
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 5 -
Gorringe Plant Limited Notes to the Accounts for the year ended 31 July 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
1,274,608 
357,647 
1,632,255 
Additions
281,141 
51,319 
332,460 
Disposals
(296,520)
(58,750)
(355,270)
At 31 July 2024
1,259,229 
350,216 
1,609,445 
Depreciation
At 1 August 2023
619,379 
206,888 
826,267 
Charge for the year
108,042 
43,962 
152,004 
On disposals
(187,476)
(52,448)
(239,924)
At 31 July 2024
539,945 
198,402 
738,347 
Net book value
At 31 July 2024
719,284 
151,814 
871,098 
At 31 July 2023
655,229 
150,759 
805,988 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
244,279 
147,428 
- Motor vehicles
- 
26,520 
5
Investment property
2024 
£ 
Fair value at 1 August 2023
250,781 
At 31 July 2024
250,781 
- 6 -
Gorringe Plant Limited Notes to the Accounts for the year ended 31 July 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
23,279 
26,757 
Trade debtors
80,812 
103,868 
Accrued income and prepayments
27,231 
31,115 
Other debtors
- 
4,249 
131,322 
165,989 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
60,808 
50,160 
Trade creditors
12,732 
26,188 
Taxes and social security
66,108 
45,319 
Other creditors
42,301 
44,698 
Loans from directors
187 
- 
Accruals
2,450 
3,069 
184,586 
169,434 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
54,513 
32,671 
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
217,776 
201,497 
2024 
2023 
£ 
£ 
Provision at start of year
201,497 
130,358 
Charged to the profit and loss account
16,279 
71,139 
Provision at end of year
217,776 
201,497 
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
- 7 -
Gorringe Plant Limited Notes to the Accounts for the year ended 31 July 2024
11
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 July 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
60,808 
50,160 
Later than one year and not later than five years
54,513 
32,671 
115,321 
82,831 
12
Transactions with related parties
The company is controlled by the Directors. The Directors during the year were paid dividends totalling £87500 (2023: £76750). The Directors received rent totalling £15000 (2023) £15000). The Directors were paid pensions totalling £30000 (2023) £0 No other transactions required reporting during the year.
13
Average number of employees
During the year the average number of employees was 9 (2023: 10).
- 8 -