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REGISTERED NUMBER: 12779331 (England and Wales)















J P PLANT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2022 TO 31 OCTOBER 2023






J P PLANT LIMITED (REGISTERED NUMBER: 12779331)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2022 TO 31 OCTOBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


J P PLANT LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 AUGUST 2022 TO 31 OCTOBER 2023







DIRECTOR: P P O'Connor





REGISTERED OFFICE: The Exchange
5 Bank Street
Bury
BL9 0DN





REGISTERED NUMBER: 12779331 (England and Wales)





ACCOUNTANTS: DTE Business Advisers Limited
The Exchange
5 Bank Street
Bury
BL9 0DN

J P PLANT LIMITED (REGISTERED NUMBER: 12779331)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 242,812 323,750

CURRENT ASSETS
Debtors 5 103,531 96,244
Cash at bank and in hand 44,781 66,986
148,312 163,230
CREDITORS
Amounts falling due within one year 6 (115,125 ) (113,625 )
NET CURRENT ASSETS 33,187 49,605
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,999

373,355

CREDITORS
Amounts falling due after more than one
year

7

(116,875

)

(210,375

)

PROVISIONS FOR LIABILITIES (15,031 ) (15,995 )
NET ASSETS 144,093 146,985

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 144,092 146,984
144,093 146,985

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

J P PLANT LIMITED (REGISTERED NUMBER: 12779331)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 2023


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 director and authorised for issue on 31 October 2024 and were signed by:





P P O'Connor - Director


J P PLANT LIMITED (REGISTERED NUMBER: 12779331)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2022 TO 31 OCTOBER 2023


1. STATUTORY INFORMATION

J P Plant Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 12779331 and its registered office address is The Exchange, 5 Bank Street, Bury, BL9 0DN.

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.

Significant judgements and estimates
In the opinion of the director, there are currently no significant judgements or estimates applied in the course of the preparation of the financial statements.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Estimating the useful economic life of an asset and the anticipated residual value are considered the key judgement in calculating an appropriate depreciation charge.

In categorising leases as finance or operating leases, the directors make judgements as to whether significant risks and rewards of ownership have transferred to the company as lessee

Revenue
Revenue represents the aggregate of the fair value of plant hire services provided net of value added tax, refunds and discounts.

Plant hire revenue is recognised over the lease term of the assets provided.

Property, plant and equipment
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

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

J P PLANT LIMITED (REGISTERED NUMBER: 12779331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2022 TO 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost.

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over the estimated useful lives. Those held under finance leases are depreciated over their useful lives or lease terms, whichever is shorter.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future repayments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

J P PLANT LIMITED (REGISTERED NUMBER: 12779331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2022 TO 31 OCTOBER 2023


4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 August 2022
and 31 October 2023 340,000
DEPRECIATION
At 1 August 2022 16,250
Charge for period 80,938
At 31 October 2023 97,188
NET BOOK VALUE
At 31 October 2023 242,812
At 31 July 2022 323,750

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 August 2022
and 31 October 2023 330,000
DEPRECIATION
At 1 August 2022 13,750
Charge for period 79,063
At 31 October 2023 92,813
NET BOOK VALUE
At 31 October 2023 237,187
At 31 July 2022 316,250

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 33,520 37,848
Other debtors 70,011 58,396
103,531 96,244

J P PLANT LIMITED (REGISTERED NUMBER: 12779331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2022 TO 31 OCTOBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 70,125 70,125
Other creditors 45,000 43,500
115,125 113,625

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 116,875 210,375

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 187,000 280,500

The hire purchase creditor is secured on the respective plant, as disclosed in the property, plant and equipment note.