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REGISTERED NUMBER: SC318096 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

CMH PLANT LTD

CMH PLANT LTD (REGISTERED NUMBER: SC318096)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


CMH PLANT LTD (REGISTERED NUMBER: SC318096)

BALANCE SHEET
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 450,338 501,718

CURRENT ASSETS
Stocks 5 10,610 10,610
Debtors 6 202,531 181,058
213,141 191,668
CREDITORS
Amounts falling due within one year 7 345,870 355,605
NET CURRENT LIABILITIES (132,729 ) (163,937 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

317,609

337,781

CREDITORS
Amounts falling due after more than one
year

8

(136,318

)

(197,559

)

PROVISIONS FOR LIABILITIES (71,427 ) (91,466 )
NET ASSETS 109,864 48,756

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 109,763 48,655
SHAREHOLDERS' FUNDS 109,864 48,756

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

CMH PLANT LTD (REGISTERED NUMBER: SC318096)

BALANCE SHEET - continued
31 January 2024



The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





C McHugh - Director


CMH PLANT LTD (REGISTERED NUMBER: SC318096)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

CMH Plant Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC318096

Registered office: 34 Picketlaw Farm Road
Carmunnock
Glasgow
G76 9EJ

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover and revenue recognition
Turnover represents net invoiced sales of plant hire, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

CMH PLANT LTD (REGISTERED NUMBER: SC318096)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to Plant and and
property property machinery fittings Totals
£    £    £    £    £   
COST
At 1 February 2023 104,075 42,482 690,266 49,713 886,536
Additions - 12,600 50,573 12,750 75,923
Disposals - - (93,500 ) - (93,500 )
At 31 January 2024 104,075 55,082 647,339 62,463 868,959
DEPRECIATION
At 1 February 2023 - 4,808 333,848 46,162 384,818
Charge for year - 12,569 86,477 888 99,934
Eliminated on disposal - - (66,131 ) - (66,131 )
At 31 January 2024 - 17,377 354,194 47,050 418,621
NET BOOK VALUE
At 31 January 2024 104,075 37,705 293,145 15,413 450,338
At 31 January 2023 104,075 37,674 356,418 3,551 501,718

CMH PLANT LTD (REGISTERED NUMBER: SC318096)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 February 2023 587,250
Additions 50,573
Disposals (93,500 )
At 31 January 2024 544,323
DEPRECIATION
At 1 February 2023 326,158
Charge for year 86,477
Eliminated on disposal (66,131 )
At 31 January 2024 346,504
NET BOOK VALUE
At 31 January 2024 197,819
At 31 January 2023 261,092

5. STOCKS
31.1.24 31.1.23
£    £   
Work-in-progress 10,610 10,610

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 179,625 158,152
Other debtors 22,906 22,906
202,531 181,058

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 24,624 32,838
Other loans 15,873 22,401
Hire purchase contracts 93,660 95,595
Trade creditors 1,362 1,674
VAT 18,194 9,635
Directors' current accounts 190,525 191,855
Accrued expenses 1,632 1,607
345,870 355,605

CMH PLANT LTD (REGISTERED NUMBER: SC318096)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 136,318 197,559

9. ULTIMATE CONTROLLING PARTY

The controlling party is C McHugh.