John Radcliffe Plant Hire Ltd
Filleted Accounts
31 January 2024
Registered number
09393338
John Radcliffe Plant Hire Ltd
Registered number: 09393338
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,539 3,438
Current assets
Stocks 22,502 26,161
Debtors 4 37,971 38,595
Cash at bank and in hand 14,619 43,914
75,092 108,670
Creditors: amounts falling due within one year 5 (42,968) (72,873)
Net current assets 32,124 35,797
Net assets 34,663 39,235
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 33,663 38,235
Shareholders' funds 34,663 39,235
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
John Radcliffe
Director
Approved by the board on 13 October 2024
John Radcliffe Plant Hire Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 12,650
At 31 January 2024 12,650
Depreciation
At 1 February 2023 9,212
Charge for the year 899
At 31 January 2024 10,111
Net book value
At 31 January 2024 2,539
At 31 January 2023 3,438
4 Debtors 2024 2023
£ £
Trade debtors 36,971 37,595
Other debtors 1,000 1,000
37,971 38,595
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 23,737 12,198
Taxation and social security costs 14,731 9,029
Accruals 4,500 4,000
Inter company loan - 47,646
42,968 72,873
6 Other information
John Radcliffe Plant Hire Ltd is a private company limited by shares and incorporated in England. Its registered office is:
RADCLIFFE HOUSE QUEENS SQUARE
LEEDS ROAD
HUDDERSFIELD
ENGLAND
HD2 1XN
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