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REGISTERED NUMBER: SC402555 (Scotland)















Unaudited Financial Statements for the Year Ended 31st July 2024

for

BURNSIDE PLANT HIRE LTD

BURNSIDE PLANT HIRE LTD (REGISTERED NUMBER: SC402555)






Contents of the Financial Statements
for the Year Ended 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BURNSIDE PLANT HIRE LTD

Company Information
for the Year Ended 31st July 2024







DIRECTORS: Mrs S E Orr
I Orr



REGISTERED OFFICE: 1 Milton Road
East Kilbride
G74 5BU



REGISTERED NUMBER: SC402555 (Scotland)



ACCOUNTANTS: Pecuniae Limited
10 Abercorn Drive
Hamilton
ML3 7EX



BANKERS: Virgin Money
203 Main Street
Rutherglen
G73 2HG

BURNSIDE PLANT HIRE LTD (REGISTERED NUMBER: SC402555)

Balance Sheet
31st July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,748,707 3,075,238

CURRENT ASSETS
Debtors 5 454,194 1,493,760
Cash at bank 1,630,810 1,005,016
2,085,004 2,498,776
CREDITORS
Amounts falling due within one year 6 786,171 1,157,650
NET CURRENT ASSETS 1,298,833 1,341,126
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,047,540

4,416,364

CREDITORS
Amounts falling due after more than one
year

7

(269,159

)

(777,953

)

PROVISIONS FOR LIABILITIES (598,004 ) (665,073 )
NET ASSETS 3,180,377 2,973,338

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,180,277 2,973,238
3,180,377 2,973,338

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

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

BURNSIDE PLANT HIRE LTD (REGISTERED NUMBER: SC402555)

Balance Sheet - continued
31st July 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 11th October 2024 and were signed on its behalf by:





I Orr - Director


BURNSIDE PLANT HIRE LTD (REGISTERED NUMBER: SC402555)

Notes to the Financial Statements
for the Year Ended 31st July 2024

1. STATUTORY INFORMATION

Burnside Plant Hire Ltd is a private company, limited by shares , registered in Scotland. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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.

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.

BURNSIDE PLANT HIRE LTD (REGISTERED NUMBER: SC402555)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

2. ACCOUNTING POLICIES - continued

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 22 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st August 2023 370,384 4,236,407 4,606,791
Additions - 370,340 370,340
Disposals - (102,750 ) (102,750 )
At 31st July 2024 370,384 4,503,997 4,874,381
DEPRECIATION
At 1st August 2023 25,635 1,505,918 1,531,553
Charge for year 7,408 681,197 688,605
Eliminated on disposal - (94,484 ) (94,484 )
At 31st July 2024 33,043 2,092,631 2,125,674
NET BOOK VALUE
At 31st July 2024 337,341 2,411,366 2,748,707
At 31st July 2023 344,749 2,730,489 3,075,238

BURNSIDE PLANT HIRE LTD (REGISTERED NUMBER: SC402555)

Notes to the Financial Statements - continued
for the Year Ended 31st July 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
etc
£   
COST
At 1st August 2023 1,668,060
Additions 17,000
Transfer to ownership (321,275 )
At 31st July 2024 1,363,785
DEPRECIATION
At 1st August 2023 339,019
Charge for year 241,826
Transfer to ownership (151,143 )
At 31st July 2024 429,702
NET BOOK VALUE
At 31st July 2024 934,083
At 31st July 2023 1,329,041

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 339,414 1,309,078
Other debtors 114,780 184,682
454,194 1,493,760

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 15,145
Hire purchase contracts 316,019 376,634
Trade creditors 199,669 582,843
Taxation and social security 225,377 149,856
Other creditors 35,106 33,172
786,171 1,157,650

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 8,333 211,034
Hire purchase contracts 260,826 566,919
269,159 777,953

BURNSIDE PLANT HIRE LTD (REGISTERED NUMBER: SC402555)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans - 166,754

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 576,845 943,553
Bank loans - 197,846
576,845 1,141,399

The hire purchase liability is secured on the relevant assets.
The bank loan is secured by a floating charge and standard security over the company's assets, together with a personal guarantee from one of the directors for £101,000.