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REGISTERED NUMBER: 12540500 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Clover Truck and Plant Hire Limited

Clover Truck and Plant Hire Limited (Registered number: 12540500)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clover Truck and Plant Hire Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: S M O'Grady
D Waring





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 12540500 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Clover Truck and Plant Hire Limited (Registered number: 12540500)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,697,988 1,719,605

CURRENT ASSETS
Stocks 1,286,112 -
Debtors 5 360,932 1,104,237
Prepayments and accrued income 58,100 -
Cash at bank 1,787,036 440,595
3,492,180 1,544,832
CREDITORS
Amounts falling due within one year 6 2,715,616 1,567,623
NET CURRENT ASSETS/(LIABILITIES) 776,564 (22,791 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,474,552 1,696,814

CREDITORS
Amounts falling due after more than one
year

7

(329,472

)

-

PROVISIONS FOR LIABILITIES (373,268 ) (326,725 )
NET ASSETS 1,771,812 1,370,089

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,771,712 1,369,989
1,771,812 1,370,089

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Clover Truck and Plant Hire Limited (Registered number: 12540500)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by:





S M O'Grady - Director


Clover Truck and Plant Hire Limited (Registered number: 12540500)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Clover Truck 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The director has considered the consequences of COVID-19 and they have determined that they do not create a material uncertainty that casts significant doubt upon the entity’s ability to continue as a going concern.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

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.

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

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at 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 profit and loss.


Clover Truck and Plant Hire Limited (Registered number: 12540500)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 1,768,583
Additions 25,000
At 31 March 2023 1,793,583
DEPRECIATION
At 1 April 2022 48,978
Charge for year 46,617
At 31 March 2023 95,595
NET BOOK VALUE
At 31 March 2023 1,697,988
At 31 March 2022 1,719,605

Clover Truck and Plant Hire Limited (Registered number: 12540500)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 360,932 -
Other debtors - 55,009
360,932 55,009

Amounts falling due after more than one year:
Amounts owed by group undertakings - 1,049,228

Aggregate amounts 360,932 1,104,237

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts - 37,661
Trade creditors 2,276,123 1,348,201
Taxation and social security 234,094 59,592
Other creditors 205,399 122,169
2,715,616 1,567,623

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed to group undertakings 329,472 -

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
S M O'Grady
Balance outstanding at start of year (21,169 ) -
Amounts advanced 252 -
Amounts repaid (181,982 ) (21,169 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (202,899 ) (21,169 )