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REGISTERED NUMBER: 04500584 (England and Wales)






















STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

SJH-ALL PLANT GROUP LIMITED

SJH-ALL PLANT GROUP LIMITED (REGISTERED NUMBER: 04500584)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 6

Income Statement 10

Other Comprehensive Income 11

Balance Sheet 12

Statement of Changes in Equity 13

Notes to the Financial Statements 14


SJH-ALL PLANT GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: S J Hudson
D Gill



REGISTERED OFFICE: 3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW



BUSINESS ADDRESS: New Farm
Buckworth Road
Alconbury
Weston
Cambridgeshire
PE28 4JX



REGISTERED NUMBER: 04500584 (England and Wales)



SENIOR STATUTORY AUDITOR: Stephen Mason BSc FCA



AUDITORS: GKP (Ampthill) Limited
Statutory Auditor
3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW

SJH-ALL PLANT GROUP LIMITED (REGISTERED NUMBER: 04500584)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 JANUARY 2024


The directors present their strategic report for the year ended 31 January 2024.

The directors aim to present a balanced and comprehensive review of the development and performance of the business during the year and its position at the year end. The review is consistent with the size and nature of the business and is written in the context of the risks and uncertainties it faces.

REVIEW OF BUSINESS
The activities of the company consist of the following elements:
Commercial plant trading
Commercial plant hire

The company continues to be committed to offering reliable and cost effective construction solutions.

PRINCIPAL RISKS AND UNCERTAINTIES
The board of directors and management continually monitor the key risks facing the company together with assessing the controls used for managing these risks.

The principal risks and uncertainties facing the company are as follows:

Economic conditions
Interest rates

KEY PERFORMANCE INDICATORS
The directors consider the key financial performance indicators to be those that communicate the financial performance and strength of the company as follows:

2024 2023
Turnover £15,702,313 £15,387,000
Gross Profit £2,461,537 £2,345,179
Gross Profit % 15.67% 15.24%

ON BEHALF OF THE BOARD:





S J Hudson - Director


30 October 2024

SJH-ALL PLANT GROUP LIMITED (REGISTERED NUMBER: 04500584)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 JANUARY 2024


The directors present their report with the financial statements of the company for the year ended 31 January 2024.

PRINCIPAL ACTIVITIES
The principal activities of the company in the year under review were those of commercial plant trading.

DIVIDENDS
An interim dividend of £6930.00 per share was paid on 31 October 2023. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 January 2024 will be £ 693,000 .

FUTURE DEVELOPMENTS
The directors anticipate future growth and profitability.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 February 2023 to the date of this report.

S J Hudson
D Gill


SJH-ALL PLANT GROUP LIMITED (REGISTERED NUMBER: 04500584)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 JANUARY 2024

FINANCIAL INSTRUMENTS
The company holds or issues financial instruments in order to achieve three main objectives, being:
a) to finance its operations;
b) to manage its exposure to interest and currency risks arising from its operations and from its sources of finance;
c) for trading purposes

In addition, various financial instruments (e.g. trade debtors, trade creditors, accruals and prepayments) arise directly from the company's operations.

Transactions in financial instruments result in the company assuming or transferring to another party one or more of the financial risks described below.

Interest rate risk
The company's financial instruments exposure to interest rate risk is very small due to the fact that most of the instruments are on a fixed term repayment basis.

Credit Risk
The company monitors credit risk closely and considers that its current policies of credit checks meets its objectives of managing exposure to credit risk.

The company has no significant concentrations of credit risk. Amounts shown in the balance sheet best represent the maximum credit risk exposure in the event of other parties failing to perform their obligations under financial instruments.

Liquidity risk
The company's policy in terms of its liquidity risk is to have good banking relations with its bankers and to move stock items quickly.

Currency risk
The company's exposure to currency risk is minimal in comparison to its turnover.

Fair values of financial assets and liabilities
The financial values of the company's assets and liabilities as contained in the balance sheet fairly represents the open market value.

Hedging activities
The company does not have a general hedging policy.

DIRECTORS' QUALIFYING THIRD PARTY INDEMNITY PROVISION
The company has granted an indemnity to one or more of its directors against liability in respect of proceedings brought by third parties, subject to the conditions set out in the Companies Act 2006. Such qualifying third party indemnity provision remains in force as at the date of approving the directors report.


SJH-ALL PLANT GROUP LIMITED (REGISTERED NUMBER: 04500584)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 JANUARY 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:





S J Hudson - Director


30 October 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
SJH-ALL PLANT GROUP LIMITED


Opinion
We have audited the financial statements of SJH-All Plant Group Limited (the 'company') for the year ended 31 January 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
_
In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 January 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
SJH-ALL PLANT GROUP LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
SJH-ALL PLANT GROUP LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- A part of the audit planning process was to look at each area of the financial statements and ascertain the level of risk for each applicable audit assertion. Where an increased risk was identified, specific audit work was designed to ensure those risks were at the forefront of the audit work carried out.
- During the audit planning process, important laws and regulations applying to the company were identified by making enquiries of management in addition to our own checks of the laws and regulations applying to a business of this nature.
- The audit process has documented the systems and internal controls adopted by the company and considered their adequacy. Our audit work included testing journal entries due to an inherent risk of management override of controls.
- An audit team planning meeting was held which communicated areas of identified risks and considered possible opportunities for fraud within the company.
- The engagement partner assessed the experience and abilities of the engagement team to ensure they were collectively competent to identify irregularities.
- All risks identified at the planning stage and the related audit work were reviewed and results considered to confirm that no irregularities had been identified.
- Our audit has included a review of the disclosures in the financial statements and comparison of those disclosures with the results of our audit work to identify any disparities.
- Analytical review of the financial statements has been undertaken at both the planning and completion stages of the audit to identify risks of irregularities and the results of the audit work carried out on those areas of risks.
- The judgements made in making accounting estimates have been assessed as to whether they indicate potential bias.
- Enquiries have been made of management regarding known instances of fraud, litigation or claims in progress.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
SJH-ALL PLANT GROUP LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Stephen Mason BSc FCA (Senior Statutory Auditor)
for and on behalf of GKP (Ampthill) Limited
Statutory Auditor
3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW

30 October 2024

SJH-ALL PLANT GROUP LIMITED (REGISTERED NUMBER: 04500584)

INCOME STATEMENT
FOR THE YEAR ENDED 31 JANUARY 2024

2024 2023
Notes £    £   

TURNOVER 3 15,702,313 15,387,000

Cost of sales 13,240,776 13,041,821
GROSS PROFIT 2,461,537 2,345,179

Administrative expenses 1,827,460 1,754,171
634,077 591,008

Other operating income 273,765 208,925
OPERATING PROFIT 5 907,842 799,933

Interest receivable and similar income 193 44
908,035 799,977

Interest payable and similar expenses 6 370,224 313,775
PROFIT BEFORE TAXATION 537,811 486,202

Tax on profit 7 146,727 115,849
PROFIT FOR THE FINANCIAL YEAR 391,084 370,353

SJH-ALL PLANT GROUP LIMITED (REGISTERED NUMBER: 04500584)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JANUARY 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 391,084 370,353


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

391,084

370,353

SJH-ALL PLANT GROUP LIMITED (REGISTERED NUMBER: 04500584)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 1,704,006 1,982,958

CURRENT ASSETS
Stocks 10 5,929,373 7,452,490
Debtors 11 5,553,221 4,694,991
Cash at bank and in hand 47,979 77,960
11,530,573 12,225,441
CREDITORS
Amounts falling due within one year 12 5,037,995 5,502,223
NET CURRENT ASSETS 6,492,578 6,723,218
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,196,584

8,706,176

CREDITORS
Amounts falling due after more than one
year

13

(2,427,892

)

(2,585,895

)

PROVISIONS FOR LIABILITIES 18 (74,600 ) (124,273 )
NET ASSETS 5,694,092 5,996,008

CAPITAL AND RESERVES
Called up share capital 19 100 100
Retained earnings 20 5,693,992 5,995,908
SHAREHOLDERS' FUNDS 5,694,092 5,996,008

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:




S J Hudson - Director



D Gill - Director


SJH-ALL PLANT GROUP LIMITED (REGISTERED NUMBER: 04500584)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2024

Called up
share Retained Other Total
capital earnings reserves equity
£    £    £    £   
Balance at 1 February 2022 100 5,975,555 190,000 6,165,655

Changes in equity
Profit for the year - 370,353 - 370,353
Total comprehensive income - 370,353 - 370,353
Dividends - (540,000 ) - (540,000 )
Reserve transfer - 190,000 (190,000 ) -
Balance at 31 January 2023 100 5,995,908 - 5,996,008

Changes in equity
Profit for the year - 391,084 - 391,084
Total comprehensive income - 391,084 - 391,084
Dividends - (693,000 ) - (693,000 )
Balance at 31 January 2024 100 5,693,992 - 5,694,092

SJH-ALL PLANT GROUP LIMITED (REGISTERED NUMBER: 04500584)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

SJH-All Plant Group 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.

The presentation currency of the financial statements is the Pound Sterling (£). All amounts in the financial statements have been rounded to the nearest £1.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows;
the requirement of paragraph 3.17(d).

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of goods, hire of machinery and property transactions, excluding value added tax.

Revenue from the sale of commercial plant is recognised upon receipt of a deposit or full payment agreed upon.

Revenue from the hiring of commercial plant is recognised on a time basis.

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.
Freehold property - 2% on cost
Plant and machinery - 25% on cost
Fixtures and equipment - 25% on reducing balance and 15% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


SJH-ALL PLANT GROUP LIMITED (REGISTERED NUMBER: 04500584)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

SJH-ALL PLANT GROUP LIMITED (REGISTERED NUMBER: 04500584)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Borrowing costs
All borrowing costs in connection with the construction of qualifying assets are recognised as an expense in the profit and loss in the period in which they are incurred.

Critical accounting adjustments and key sources of estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The directors do not consider there to be any critical accounting judgements.

Depreciation
The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated and useful economic lives and residual values of the assets. The useful economic lives and residual vales are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. The remaining useful economic life of the asset is considered a key source of estimation uncertainty.

Stock valuation
Stock provisions are recognised for slow-moving, obsolete or unsaleable stock and are reviewed on a quarterly basis. The estimate is largely based on the length of time that an item has been in stock. The passing of time indicates that a sale is less likely and therefore determines the provision required.

3. TURNOVER

The turnover and profit before taxation are attributable to the principal activities of the company.

An analysis of turnover by class of business is given below:

2024 2023
£    £   
Plant sales 14,608,554 14,981,792
Plant hire income 1,093,759 405,208
15,702,313 15,387,000

The percentage of turnover relating to export sales is 31.99% (2023: 53.55%).

SJH-ALL PLANT GROUP LIMITED (REGISTERED NUMBER: 04500584)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 988,363 997,959
Social security costs 114,982 119,778
Other pension costs 16,645 16,863
1,119,990 1,134,600

The average number of employees during the year was as follows:
2024 2023

Directors 2 2
Production 8 8
Sales 4 4
Administration 4 5
18 19

2024 2023
£    £   
Directors' remuneration 422,806 430,091
Directors' pension contributions to money purchase schemes 2,642 2,642

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 2 2

Information regarding the highest paid director is as follows:
2024 2023
£    £   
Emoluments etc 221,734 228,508
Pension contributions to money purchase schemes 1,321 1,321

Key Management Personnel
2024 2023
£    £   

Salaries 470,337 476,576

SJH-ALL PLANT GROUP LIMITED (REGISTERED NUMBER: 04500584)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Hire of plant and machinery 234,231 173,127
Depreciation - owned assets 27,434 30,102
Depreciation - assets on hire purchase contracts 192,102 199,951
Profit on disposal of fixed assets (33,584 ) (85,747 )
Auditors' remuneration 13,000 12,000
Foreign exchange differences (2,909 ) 596
Non audit fees to auditor 11,275 9,635
Operating leases 4,911 -

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest 136,051 57,302
Bank loan interest 114,729 77,524
Hire purchase interest 109,629 172,297
Interest and penalties on overdue tax 9,815 6,652
370,224 313,775

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 196,400 120,612
Adjustment re prior years - 18,813
Total current tax 196,400 139,425

Deferred tax (49,673 ) (23,576 )
Tax on profit 146,727 115,849

SJH-ALL PLANT GROUP LIMITED (REGISTERED NUMBER: 04500584)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 537,811 486,202
Profit multiplied by the standard rate of corporation tax in the UK of
25% (2023 - 19%)

134,453

92,378

Effects of:
Depreciation in excess of capital allowances 69,874 562
Adjustments to tax charge in respect of previous periods - 18,813
Deferred tax (49,673 ) (23,576 )
Capital gain - 27,672
Charged at different rate (7,927 ) -
Total tax charge 146,727 115,849

In the Spring Budget 2021, the UK Government announced that from 1 April 2023 the corporation tax rate would increase to 25% (rather than remaining at 19%, as previously enacted). This new law was substantively enacted and confirmed in the November 2022 Autumn Statement.

8. DIVIDENDS
2024 2023
£    £   
Interim 693,000 540,000

9. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 February 2023 1,578,934 1,156,957 65,265 49,330 2,850,486
Disposals - (92,000 ) - - (92,000 )
At 31 January 2024 1,578,934 1,064,957 65,265 49,330 2,758,486
DEPRECIATION
At 1 February 2023 182,898 612,800 54,082 17,748 867,528
Charge for year 16,175 192,658 2,807 7,896 219,536
Eliminated on disposal - (32,584 ) - - (32,584 )
At 31 January 2024 199,073 772,874 56,889 25,644 1,054,480
NET BOOK VALUE
At 31 January 2024 1,379,861 292,083 8,376 23,686 1,704,006
At 31 January 2023 1,396,036 544,157 11,183 31,582 1,982,958

SJH-ALL PLANT GROUP LIMITED (REGISTERED NUMBER: 04500584)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


9. 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 852,740
Disposals (92,000 )
At 31 January 2024 760,740
DEPRECIATION
At 1 February 2023 310,066
Charge for year 192,102
Eliminated on disposal (32,584 )
At 31 January 2024 469,584
NET BOOK VALUE
At 31 January 2024 291,156
At 31 January 2023 542,674

10. STOCKS
2024 2023
£    £   
Goods for resale 5,929,373 7,452,490

Stock is shown after a provision of £959,409 (2023 £881,582).

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 762,780 1,119,452
Other debtors 87,723 64,473
Amount owed by related undertaking 4,650,732 3,185,693
Social security and other tax 14,509 -
VAT - 292,113
Prepayments 37,477 33,260
5,553,221 4,694,991

SJH-ALL PLANT GROUP LIMITED (REGISTERED NUMBER: 04500584)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 14) 2,012,157 1,929,757
Hire purchase contracts (see note 15) 828,833 812,211
Trade creditors 1,228,063 1,886,221
Tax 282,640 155,709
Social security and other taxes - 104,066
VAT 223,446 -
Other creditors 68,384 48,435
Amounts owed to related
undertaking 374,476 487,506
Directors' current accounts 3,097 10,316
Accrued expenses 16,899 68,002
5,037,995 5,502,223

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 14) 1,416,171 1,531,796
Hire purchase contracts (see note 15) 223,048 265,426
Amounts owed to parent company 788,673 788,673
2,427,892 2,585,895

14. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 1,890,664 1,821,307
Bank loans 121,493 108,450
2,012,157 1,929,757

Amounts falling due between one and two years:
Bank loans - 1-2 years 131,522 114,522

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,284,649 1,417,274

SJH-ALL PLANT GROUP LIMITED (REGISTERED NUMBER: 04500584)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


15. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 828,833 812,211
Between one and five years 223,048 265,426
1,051,881 1,077,637

Non-cancellable operating leases
2024 2023
£    £   
Within one year 8,418 -
Between one and five years 3,508 -
11,926 -

16. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 1,890,664 1,821,307
Bank loans 1,537,664 1,640,246
Hire purchase contracts 1,051,881 1,077,637
4,480,209 4,539,190

The bank overdraft and loan are secured by a debenture, granted by the company, held by HSBC UK Bank Plc.

Additional security is provided by a first legal charge over the following land and buildings:-

1. Land on south side of Buckworth Road, Alconbury and its associated assets
2. Land and buildings at New Farm, Buckworth Road, Alconbury and its associated assets

Hire purchase liabilities are secured on the assets to which they relate.

Fixed assets are pledged as security for bank overdraft and loans.

Stocks of £1,252,972 and fixed assets of £760,740 are pledged as security for hire purchase agreements and bank overdraft and loans respectively.

SJH-ALL PLANT GROUP LIMITED (REGISTERED NUMBER: 04500584)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


17. FINANCIAL INSTRUMENTS

2024 2023
£ £
Financial assets
Financial assets that are debt instruments measured at amortised cost 5,267,137 4,474,255
Financial liabilities
Financial liabilities measured at amortised cost 6,902,482 7,750,024

Financial instruments comprise bank loans and balances, trade and other debtors, trade and other creditors, other loans and hire purchase. The main purpose of these instruments is to finance operations.

Due to the nature of the financial instruments used by the company there is no exposure to price risk. The company's approach to managing other risks applicable to the financial instruments is covered below.

In respect of the bank balances, the liquidity risk is managed by maintaining a balance between the continuity of funding and flexibility through the use of current and short term deposit accounts at varying rates of interest.

Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding.

Trade creditors liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.

Operational risk is managed by a defined structure for managing trading and costs which are monitored regularly.

18. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 74,600 124,273

Deferred
tax
£   
Balance at 1 February 2023 124,273
Utilised during year (49,673 )
Balance at 31 January 2024 74,600

19. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

The Ordinary shares have attached to them full voting, dividend and capital distribution rights.

SJH-ALL PLANT GROUP LIMITED (REGISTERED NUMBER: 04500584)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


20. RESERVES
Retained
earnings
£   

At 1 February 2023 5,995,908
Profit for the year 391,084
Dividends (693,000 )
At 31 January 2024 5,693,992

Retained earnings are the profits and losses of the company after the payment of dividends.

21. ULTIMATE PARENT COMPANY

SJH All Plant Holdings Limited is regarded by the directors as being the company's ultimate parent company.

The directors control the entity by virtue of their shareholdings in the parent company, SJH All Plant Holdings Limited. Group accounts are prepared and are available from the registered office.

22. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have each provided a personal guarantee of £1m as security for creditors.

SJH-ALL PLANT GROUP LIMITED (REGISTERED NUMBER: 04500584)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


23. RELATED PARTY DISCLOSURES

Gill-Hudson Homes Limited
During the year the company traded with Gill-Hudson Homes Limited, a company which has Mr S Hudson and Mr D Gill as company directors. During the year the company made sales of £798,116 (2023 £184,008), Made purchases of £355,203 (2023 £68,938) and received management charges of £200,000 (2023 £200,000) with Gill-Hudson Homes Limited. At 31 January 2024, the company was owed £3,193,371 (2023 £3,291,308) by Gill-Hudson Homes Limited

Gill Hudson Homes Clifton Limited
During the year the company traded with Gill Hudson Homes Clifton Limited, a company which has Mr S Hudson and Mr D Gill as company directors. At 31 January 2024, the company owed £124,476 (2023 £124,476) to Gill Hudson Homes Clifton Limited

Gill Hudson Homes Barford Limited
During the year the company traded with Gill Hudson Homes Barford Limited, a company which has Mr S Hudson and Mr D Gill as company directors. During the year the company made sales of £1,798,179 (2023 £Nil) with Gill Hudson Homes Barford Limited. At 31 January 2024, the company was owed £1,449,461 (2023 owed to £738,354) by Gill Hudson Homes Barford Limited

Gill Hudson Homes (Rectory) Limited
During the year the company traded with Gill Hudson Homes (Rectory) Limited, a company which has Mr S Hudson and Mr D Gill as company directors. At 31 January 2024, the company owed £250,000 (2023 £Nil) to Gill Hudson Homes (Rectory) Limited

D Gill Homes Limited
During the year the company traded with D Gill Homes Limited, a company which has Mr S Hudson and Mr D Gill as company directors. At 31 January 2024, the company was owed £4,700 (2023 £4,700) by D Gill Homes Limited

Hudson Homes (UK) Limited
During the year the company traded with Hudson Homes (UK) Limited, a company which has Mr S Hudson and Mr D Gill as company directors. At 31 January 2024, the company was owed £3,200 (2023 £3,200) by Hudson Homes (UK) Limited

Ubidonline Auctions Limited
During the year the company traded with Ubidonline Auctions Limited, a company which has Mr S Hudson and Mr D Gill as company directors. During the year the company made sales of £190,850 (2023 £109,800) to Ubidonline Auctions Limited.

Ubid Auctions Limited
During the year the company traded with Ubid Auctions Limited, a company which has Mr S Hudson and Mr D Gill as company directors. During the year the company made purchases of £2,050 (2023 £165,281) from Ubidonline Auctions Limited.

24. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. Contributions outstanding as of the balance sheet date totalled £29,266 (2023 : £17,080)