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REGISTERED NUMBER: 09654140 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

GMM GRAB AND PLANT HIRE LIMITED

GMM GRAB AND PLANT HIRE LIMITED (REGISTERED NUMBER: 09654140)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GMM GRAB AND PLANT HIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: G M Manterfield





SECRETARY: Mrs S A Manterfield





REGISTERED OFFICE: 18 Cloisters Way
Barnsley
South Yorkshire
S71 2JN





REGISTERED NUMBER: 09654140 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

GMM GRAB AND PLANT HIRE LIMITED (REGISTERED NUMBER: 09654140)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 926,656 541,907

CURRENT ASSETS
Debtors 5 196,576 163,728
Cash at bank and in hand 21,954 49,151
218,530 212,879
CREDITORS
Amounts falling due within one year 6 400,990 268,985
NET CURRENT LIABILITIES (182,460 ) (56,106 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

744,196

485,801

CREDITORS
Amounts falling due after more than one
year

7

(409,378

)

(234,788

)

PROVISIONS FOR LIABILITIES 9 (35,826 ) (19,903 )
NET ASSETS 298,992 231,110

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 298,990 231,108
SHAREHOLDERS' FUNDS 298,992 231,110

GMM GRAB AND PLANT HIRE LIMITED (REGISTERED NUMBER: 09654140)

BALANCE SHEET - continued
31 MARCH 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Profit & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 November 2024 and were signed by:





G M Manterfield - Director


GMM GRAB AND PLANT HIRE LIMITED (REGISTERED NUMBER: 09654140)

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

1. STATUTORY INFORMATION

GMM Grab and 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 - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account and Retained Earnings, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

GMM GRAB AND PLANT HIRE LIMITED (REGISTERED NUMBER: 09654140)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 344,531 371,177 3,197 718,905
Additions 283,150 234,480 - 517,630
Disposals (47,369 ) (1,667 ) - (49,036 )
At 31 March 2024 580,312 603,990 3,197 1,187,499
DEPRECIATION
At 1 April 2023 65,912 108,606 2,480 176,998
Charge for year 27,105 72,347 670 100,122
Eliminated on disposal (15,435 ) (842 ) - (16,277 )
At 31 March 2024 77,582 180,111 3,150 260,843
NET BOOK VALUE
At 31 March 2024 502,730 423,879 47 926,656
At 31 March 2023 278,619 262,571 717 541,907

Included in the total net book value of tangible fixed assets held at 31st March 2024 was £783510
(2023: £427400) in respect of assets held under finance leases and hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 180,382 162,433
VAT 13,198 -
Prepayments 2,996 1,295
196,576 163,728

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 10,000 9,849
Hire purchase contracts 207,141 102,832
Trade creditors 127,497 58,484
VAT - 38,817
Other creditors 10,000 11,000
Directors' current accounts 42,068 42,068
Accrued expenses 4,284 5,935
400,990 268,985

GMM GRAB AND PLANT HIRE LIMITED (REGISTERED NUMBER: 09654140)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 15,848 25,998
Hire purchase contracts 393,530 208,790
409,378 234,788

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 9,849

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,098

Amounts falling due between two and five years:
Bank loans - 2-5 years 5,848 15,900

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 35,826 19,903

Deferred
tax
£   
Balance at 1 April 2023 19,903
Provided during year 15,923
Balance at 31 March 2024 35,826

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

11. ULTIMATE CONTROLLING PARTY

The director and his wife control the company, by virtue of holding 100% of the share capital.