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REGISTERED NUMBER: 05536605 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

O'MALLEY PLANT HIRE LIMITED

O'MALLEY PLANT HIRE LIMITED (REGISTERED NUMBER: 05536605)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


O'MALLEY PLANT HIRE LIMITED

COMPANY INFORMATION
for the Year Ended 31st August 2024







DIRECTORS: Miss C O'Malley
Mr T A O'Malley





SECRETARY:





REGISTERED OFFICE: Fernwood
Barbary Plains
Edenhall
Penrith
Cumbria
CA11 8SR





REGISTERED NUMBER: 05536605 (England and Wales)





ACCOUNTANTS: DCB Accountants Limited
Compton House
104 Scotland Road
Penrith
Cumbria
CA11 7NR

O'MALLEY PLANT HIRE LIMITED (REGISTERED NUMBER: 05536605)

BALANCE SHEET
31st August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,279,393 1,101,769

CURRENT ASSETS
Stocks 5 364,540 272,620
Debtors 6 215,923 300,704
Cash at bank 280,462 349,488
860,925 922,812
CREDITORS
Amounts falling due within one year 7 527,536 521,162
NET CURRENT ASSETS 333,389 401,650
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,612,782

1,503,419

CREDITORS
Amounts falling due after more than one
year

8

(453,384

)

(432,303

)

PROVISIONS FOR LIABILITIES 9 (225,012 ) (208,239 )
NET ASSETS 934,386 862,877

CAPITAL AND RESERVES
Called up share capital 10 4,000 4,000
Capital redemption reserve 11 35,256 35,256
Retained earnings 11 895,130 823,621
SHAREHOLDERS' FUNDS 934,386 862,877

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

O'MALLEY PLANT HIRE LIMITED (REGISTERED NUMBER: 05536605)

BALANCE SHEET - continued
31st August 2024


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.

The financial statements were approved by the Board of Directors and authorised for issue on 17th October 2024 and were signed on its behalf by:





Miss C O'Malley - Director


O'MALLEY PLANT HIRE LIMITED (REGISTERED NUMBER: 05536605)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st August 2024

1. STATUTORY INFORMATION

O'Malley Plant Hire Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 29 ) .

O'MALLEY PLANT HIRE LIMITED (REGISTERED NUMBER: 05536605)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st September 2023 1,399,088 59,235 873,630 2,331,953
Additions 419,637 - 355,144 774,781
Disposals (389,064 ) - (160,258 ) (549,322 )
At 31st August 2024 1,429,661 59,235 1,068,516 2,557,412
DEPRECIATION
At 1st September 2023 688,989 54,868 486,327 1,230,184
Charge for year 249,120 1,092 176,253 426,465
Eliminated on disposal (255,807 ) - (122,823 ) (378,630 )
At 31st August 2024 682,302 55,960 539,757 1,278,019
NET BOOK VALUE
At 31st August 2024 747,359 3,275 528,759 1,279,393
At 31st August 2023 710,099 4,367 387,303 1,101,769

5. STOCKS
31.8.24 31.8.23
£    £   
Work-in-progress 364,540 272,620

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 212,338 300,704
VAT 3,585 -
215,923 300,704

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 269,026 233,396
Trade creditors 186,899 207,659
Social security and other taxes 22,616 22,910
VAT - 8,452
CBILS bank loan 44,445 44,445
Accrued expenses 4,550 4,300
527,536 521,162

O'MALLEY PLANT HIRE LIMITED (REGISTERED NUMBER: 05536605)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
CBILS bank loan 33,333 77,778
Hire purchase contracts 360,679 293,215
Director's loan account 59,372 61,310
453,384 432,303

9. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 225,012 208,239

Deferred
tax
£   
Balance at 1st September 2023 208,239
Provided during year 16,773
Balance at 31st August 2024 225,012

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
4,000 Ordinary £1 4,000 4,000

11. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1st September 2023 823,621 35,256 858,877
Profit for the year 71,509 71,509
At 31st August 2024 895,130 35,256 930,386