Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31false2023-02-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10259294 2023-02-01 2024-01-31 10259294 2022-02-01 2023-01-31 10259294 2024-01-31 10259294 2023-01-31 10259294 c:Director1 2023-02-01 2024-01-31 10259294 d:PlantMachinery 2023-02-01 2024-01-31 10259294 d:PlantMachinery 2024-01-31 10259294 d:PlantMachinery 2023-01-31 10259294 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 10259294 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 10259294 d:MotorVehicles 2023-02-01 2024-01-31 10259294 d:MotorVehicles 2024-01-31 10259294 d:MotorVehicles 2023-01-31 10259294 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 10259294 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 10259294 d:OfficeEquipment 2023-02-01 2024-01-31 10259294 d:OfficeEquipment 2024-01-31 10259294 d:OfficeEquipment 2023-01-31 10259294 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 10259294 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 10259294 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 10259294 d:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 10259294 d:CurrentFinancialInstruments 2024-01-31 10259294 d:CurrentFinancialInstruments 2023-01-31 10259294 d:Non-currentFinancialInstruments 2024-01-31 10259294 d:Non-currentFinancialInstruments 2023-01-31 10259294 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 10259294 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 10259294 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 10259294 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 10259294 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-01-31 10259294 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 10259294 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 10259294 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 10259294 d:ShareCapital 2024-01-31 10259294 d:ShareCapital 2023-01-31 10259294 d:RetainedEarningsAccumulatedLosses 2024-01-31 10259294 d:RetainedEarningsAccumulatedLosses 2023-01-31 10259294 c:OrdinaryShareClass1 2023-02-01 2024-01-31 10259294 c:OrdinaryShareClass1 2024-01-31 10259294 c:OrdinaryShareClass1 2023-01-31 10259294 c:OrdinaryShareClass2 2023-02-01 2024-01-31 10259294 c:OrdinaryShareClass2 2024-01-31 10259294 c:OrdinaryShareClass3 2023-02-01 2024-01-31 10259294 c:OrdinaryShareClass3 2024-01-31 10259294 c:FRS102 2023-02-01 2024-01-31 10259294 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10259294 c:FullAccounts 2023-02-01 2024-01-31 10259294 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10259294 2 2023-02-01 2024-01-31 10259294 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10259294










FLETCHER PLANT HIRE LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
FLETCHER PLANT HIRE LTD
REGISTERED NUMBER: 10259294

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
131,200
161,566

  
131,200
161,566

Current assets
  

Debtors: amounts falling due within one year
 5 
66,877
61,500

Cash at bank and in hand
  
37,311
40,360

  
104,188
101,860

Creditors: amounts falling due within one year
 6 
(78,332)
(81,814)

Net current assets
  
 
 
25,856
 
 
20,046

Total assets less current liabilities
  
157,056
181,612

Creditors: amounts falling due after more than one year
 7 
(6,268)
(41,093)

Provisions for liabilities
  

Deferred tax
  
(24,713)
(30,456)

  
 
 
(24,713)
 
 
(30,456)

Net assets
  
126,075
110,063


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
126,074
110,062

  
126,075
110,063


Page 1

 
FLETCHER PLANT HIRE LTD
REGISTERED NUMBER: 10259294
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The director considers 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 director acknowledges his 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 profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

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




Mr R Fletcher
Director

Date: 26 October 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
FLETCHER PLANT HIRE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Fletcher Plant Hire Limited is a private company, limited by shares, incorporated in England and Wales with its registered office and principle place of business at 23 Cleobury Meadows, Cleobury Mortimer, Kidderminster, DY14 8EY

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis on the understanding that the directors and creditors will continue to support the business.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
FLETCHER PLANT HIRE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

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.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet 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 balance sheet 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 balance sheet date.

 
2.8

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.

Page 4

 
FLETCHER PLANT HIRE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

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 and straight line basis..

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Reducing balance
Motor vehicles
-
25%
Reducing balance
Office equipment
-
20%
Straight line

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.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
FLETCHER PLANT HIRE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Employees

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


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 February 2023
280,513
24,646
1,987
307,146


Additions
3,800
-
-
3,800



At 31 January 2024

284,313
24,646
1,987
310,946



Depreciation


At 1 February 2023
135,848
8,341
1,391
145,580


Charge for the year on owned assets
13,795
4,076
397
18,268


Charge for the year on financed assets
15,898
-
-
15,898



At 31 January 2024

165,541
12,417
1,788
179,746



Net book value



At 31 January 2024
118,772
12,229
199
131,200



At 31 January 2023
144,665
16,305
596
161,566


5.


Debtors

2024
2023
£
£


Trade debtors
19,449
27,898

Other debtors
44,964
31,229

Prepayments and accrued income
2,464
2,373

66,877
61,500


Page 6

 
FLETCHER PLANT HIRE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
4,051
3,949

Trade creditors
6,864
603

Corporation tax
15,787
17,755

Other taxation and social security
12,086
5,083

Obligations under finance lease and hire purchase contracts
30,774
32,004

Other creditors
6,300
20,000

Accruals and deferred income
2,470
2,420

78,332
81,814



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
6,268
10,319

Net obligations under finance leases and hire purchase contracts
-
30,774

6,268
41,093


Page 7

 
FLETCHER PLANT HIRE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
4,051
3,949


4,051
3,949

Amounts falling due 1-2 years

Bank loans
4,153
4,051


4,153
4,051

Amounts falling due 2-5 years

Bank loans
2,115
6,268


2,115
6,268


10,319
14,268



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



90 (2023 - 100) Ordinary A shares of £0.01 each
0.90
1.00
5 (2023 - ) Ordinary B shares of £0.01 each
0.05
-
5 (2023 - ) Ordinary C shares of £0.01 each
0.05
-

1.00

1.00



10.


Transactions with directors

Included within other debtors due within one year is a loan to the directors of £44,964 (2023: £31,136). During the year, interest has been charged on this amount at the official rate of interest.

 
Page 8