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REGISTERED NUMBER: 05427867 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ADAM PHILLIPS PLANT HIRE AND CONTRACTORS
LIMITED

ADAM PHILLIPS PLANT HIRE AND CONTRACTORS
LIMITED (REGISTERED NUMBER: 05427867)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADAM PHILLIPS PLANT HIRE AND CONTRACTORS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs T Phillips
A C Phillips





SECRETARY: Mrs T Phillips





REGISTERED OFFICE: 1 Little Lidgey
Laity Moor
Ponsanooth
TRURO
Cornwall
TR3 7HR





REGISTERED NUMBER: 05427867 (England and Wales)





ACCOUNTANTS: TC Group
Bickland House
Bickland Water Road
Falmouth
Cornwall
TR11 4SB

ADAM PHILLIPS PLANT HIRE AND CONTRACTORS
LIMITED (REGISTERED NUMBER: 05427867)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 240,952 286,044

CURRENT ASSETS
Debtors 5 22,240 13,482
Cash at bank 30,506 83,906
52,746 97,388
CREDITORS
Amounts falling due within one year 6 (95,280 ) (146,613 )
NET CURRENT LIABILITIES (42,534 ) (49,225 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,418

236,819

CREDITORS
Amounts falling due after more than one
year

7

(58,636

)

(72,959

)

PROVISIONS FOR LIABILITIES (17,346 ) (25,914 )
NET ASSETS 122,436 137,946

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 122,336 137,846
SHAREHOLDERS' FUNDS 122,436 137,946

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

ADAM PHILLIPS PLANT HIRE AND CONTRACTORS
LIMITED (REGISTERED NUMBER: 05427867)

BALANCE SHEET - continued
30 APRIL 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 7 October 2024 and were signed on its behalf by:





A C Phillips - Director


ADAM PHILLIPS PLANT HIRE AND CONTRACTORS
LIMITED (REGISTERED NUMBER: 05427867)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Adam Phillips Plant Hire And Contractors 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.

Revenue is recognised to the extent that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as 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 etc - 25% on reducing balance

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 4 (2023 - 3 ) .

ADAM PHILLIPS PLANT HIRE AND CONTRACTORS
LIMITED (REGISTERED NUMBER: 05427867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 149,659 685,743 19,076
Additions - 26,450 -
Disposals - (5,900 ) -
At 30 April 2024 149,659 706,293 19,076
DEPRECIATION
At 1 May 2023 - 551,635 17,644
Charge for year - 67,433 358
Eliminated on disposal - (2,360 ) -
At 30 April 2024 - 616,708 18,002
NET BOOK VALUE
At 30 April 2024 149,659 89,585 1,074
At 30 April 2023 149,659 134,108 1,432

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 2,900 3,449 860,827
Additions - - 26,450
Disposals - - (5,900 )
At 30 April 2024 2,900 3,449 881,377
DEPRECIATION
At 1 May 2023 2,900 2,604 574,783
Charge for year - 211 68,002
Eliminated on disposal - - (2,360 )
At 30 April 2024 2,900 2,815 640,425
NET BOOK VALUE
At 30 April 2024 - 634 240,952
At 30 April 2023 - 845 286,044

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,560 1,560
Directors' current accounts 3,646 -
VAT 3,472 -
Prepayments 13,562 11,922
22,240 13,482

ADAM PHILLIPS PLANT HIRE AND CONTRACTORS
LIMITED (REGISTERED NUMBER: 05427867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,509 19,505
Hire purchase contracts 3,899 3,899
Trade creditors 68,479 86,045
Tax 6,017 10,281
VAT - 102
Directors' current accounts 3,713 25,278
Accrued expenses 1,663 1,503
95,280 146,613

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 31,739 36,982
Bank loans - 2-5 years 25,497 30,678
Hire purchase contracts 1,400 5,299
58,636 72,959

8. CALLED UP SHARE CAPITAL

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

9. ULTIMATE CONTROLLING PARTY

Is Mr and Mrs Phillips who between them own 100% of the share capital.