D. J. Harfield Plant Hire Limited 05192806 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is that of plant hire Digita Accounts Production Advanced 6.30.9574.0 true true 05192806 2023-08-01 2024-07-31 05192806 2024-07-31 05192806 bus:OrdinaryShareClass1 2024-07-31 05192806 core:CurrentFinancialInstruments 2024-07-31 05192806 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 05192806 core:Goodwill 2024-07-31 05192806 core:FurnitureFittingsToolsEquipment 2024-07-31 05192806 core:MotorVehicles 2024-07-31 05192806 core:OtherPropertyPlantEquipment 2024-07-31 05192806 bus:SmallEntities 2023-08-01 2024-07-31 05192806 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 05192806 bus:FilletedAccounts 2023-08-01 2024-07-31 05192806 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 05192806 bus:RegisteredOffice 2023-08-01 2024-07-31 05192806 bus:CompanySecretary1 2023-08-01 2024-07-31 05192806 bus:Director1 2023-08-01 2024-07-31 05192806 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 05192806 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 05192806 core:Goodwill 2023-08-01 2024-07-31 05192806 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 05192806 core:MotorVehicles 2023-08-01 2024-07-31 05192806 core:OfficeEquipment 2023-08-01 2024-07-31 05192806 core:OtherPropertyPlantEquipment 2023-08-01 2024-07-31 05192806 core:PlantMachinery 2023-08-01 2024-07-31 05192806 countries:EnglandWales 2023-08-01 2024-07-31 05192806 2023-07-31 05192806 core:Goodwill 2023-07-31 05192806 core:FurnitureFittingsToolsEquipment 2023-07-31 05192806 core:MotorVehicles 2023-07-31 05192806 core:OtherPropertyPlantEquipment 2023-07-31 05192806 2022-08-01 2023-07-31 05192806 2023-07-31 05192806 bus:OrdinaryShareClass1 2023-07-31 05192806 core:CurrentFinancialInstruments 2023-07-31 05192806 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 05192806 core:FurnitureFittingsToolsEquipment 2023-07-31 05192806 core:MotorVehicles 2023-07-31 05192806 core:OtherPropertyPlantEquipment 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05192806

D. J. Harfield Plant Hire Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

D. J. Harfield Plant Hire Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

D. J. Harfield Plant Hire Limited

Company Information

Director

Mr David John Harfield

Company secretary

Ms Julie Wicks

Registered office

10 Prospect Place
Welwyn
Hertfordshire
AL6 9EW

Accountants

RS Partnership Ltd
Chartered Certified Accountants
10 Prospect Place
Welwyn
Hertfordshire
AL6 9EW

 

D. J. Harfield Plant Hire Limited

(Registration number: 05192806)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

53,204

71,055

Investment property

6

1,046,172

720,000

 

1,099,376

791,055

Current assets

 

Debtors

7

13,194

17,446

Cash at bank and in hand

 

72,305

418,838

 

85,499

436,284

Creditors: Amounts falling due within one year

8

(37,282)

(43,959)

Net current assets

 

48,217

392,325

Total assets less current liabilities

 

1,147,593

1,183,380

Provisions for liabilities

(38,934)

(37,245)

Net assets

 

1,108,659

1,146,135

Capital and reserves

 

Called up share capital

9

100

100

Revaluation reserve

63,599

102,533

Retained earnings

1,044,960

1,043,502

Shareholders' funds

 

1,108,659

1,146,135

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 October 2024
 

 

D. J. Harfield Plant Hire Limited

(Registration number: 05192806)
Balance Sheet as at 31 July 2024

.........................................
Mr David John Harfield
Director

 

D. J. Harfield Plant Hire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
10 Prospect Place
Welwyn
Hertfordshire
AL6 9EW

The principal place of business is:
14 Winding Shott
Bramfield
Hertford
Hertfordshire
SG14 2QP
UK

These financial statements were authorised for issue by the director on 16 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Pounds Sterling (£), which is the Company’s functional
currency. All amounts have been rounded to the nearest pound, unless otherwise indicated.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

D. J. Harfield Plant Hire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Tax

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

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicle

20% straight line

Plant and machinery

20% reducing balance

Office equipment

20% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

 

D. J. Harfield Plant Hire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Asset class

Amortisation method and rate

Goodwill

over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

D. J. Harfield Plant Hire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 August 2023

25,000

25,000

At 31 July 2024

25,000

25,000

Amortisation

At 1 August 2023

25,000

25,000

At 31 July 2024

25,000

25,000

Carrying amount

At 31 July 2024

-

-

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other property, plant and equipment
 £

Total
£

Cost or valuation

At 1 August 2023

999

54,567

90,603

146,169

At 31 July 2024

999

54,567

90,603

146,169

Depreciation

At 1 August 2023

918

34,045

40,151

75,114

Charge for the year

17

7,744

10,090

17,851

At 31 July 2024

935

41,789

50,241

92,965

Carrying amount

At 31 July 2024

64

12,778

40,362

53,204

At 31 July 2023

81

20,522

50,452

71,055

 

D. J. Harfield Plant Hire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

6

Investment properties

2024
£

At 1 August

720,000

Additions

326,172

At 31 July

1,046,172

The investment properties were revalued by the directors.

There has been no valuation of investment property by an independent valuer.

7

Debtors

2024
£

2023
£

Trade debtors

11,766

15,762

Prepayments

728

983

Other debtors

700

701

13,194

17,446

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

99

Taxation and social security

4,158

7,717

Corporation tax

4,508

6,964

Directors Loan Account

28,616

29,179

37,282

43,959

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100