Company Registration No. 0886469 (England and Wales)
HIGGINS (PLANT HIRE) LIMITED
Unaudited accounts
for the year ended 10 April 2024
HIGGINS (PLANT HIRE) LIMITED
Unaudited accounts
Contents
HIGGINS (PLANT HIRE) LIMITED
Company Information
for the year ended 10 April 2024
Company Number
0886469 (England and Wales)
Registered Office
Unit 1 Packhorse Lane
Kings Norton
Birmingham
B38 0DN
Accountants
Parkers Accountancy And Taxation
590a Kingsbury Road
Erdington
Birmingham
B24 9ND
HIGGINS (PLANT HIRE) LIMITED
Statement of financial position
as at 10 April 2024
Tangible assets
163,170
174,981
Cash at bank and in hand
2,568
9,212
Creditors: amounts falling due within one year
(29,230)
(10,163)
Net current (liabilities)/assets
(23,055)
40,168
Total assets less current liabilities
140,115
215,149
Creditors: amounts falling due after more than one year
(37,940)
(101,893)
Net assets
102,175
113,256
Called up share capital
102
102
Profit and loss account
102,073
113,154
Shareholders' funds
102,175
113,256
For the year ending 10 April 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 director acknowledges his 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 and authorised for issue on 1 October 2024 and were signed on its behalf by
B O Higgins
Director
Company Registration No. 0886469
HIGGINS (PLANT HIRE) LIMITED
Notes to the Accounts
for the year ended 10 April 2024
HIGGINS (PLANT HIRE) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 0886469. The registered office is Unit 1 Packhorse Lane, Kings Norton, Birmingham, B38 0DN.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out 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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 11 April 2023
1,068,700
388,644
26,188
1,483,532
Additions
-
41,172
-
41,172
Disposals
-
(18,000)
-
(18,000)
At 10 April 2024
1,068,700
411,816
26,188
1,506,704
At 11 April 2023
928,305
355,558
24,688
1,308,551
Charge for the year
21,059
13,699
225
34,983
At 10 April 2024
949,364
369,257
24,913
1,343,534
At 10 April 2024
119,336
42,559
1,275
163,170
At 10 April 2023
140,395
33,086
1,500
174,981
Amounts falling due within one year
Trade debtors
3,607
41,119
HIGGINS (PLANT HIRE) LIMITED
Notes to the Accounts
for the year ended 10 April 2024
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
29,230
10,163
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
17,460
12,752
Loans from directors
20,480
89,141
Allotted, called up and fully paid:
102 Ordinary shares of £1 each
102
102
9
Average number of employees
During the year the average number of employees was 7 (2023: 7).