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REGISTERED NUMBER: 01097851 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

AYLSHAM PLANT HIRE LIMITED

AYLSHAM PLANT HIRE LIMITED (REGISTERED NUMBER: 01097851)






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


AYLSHAM PLANT HIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs C P Daniels
Mr M I Daniels





SECRETARY: Mr M I Daniels





REGISTERED OFFICE: Unit 15
Aylsham Industrial Estste
Aylsham
Norfolk
NR11 6SS





REGISTERED NUMBER: 01097851 (England and Wales)





ACCOUNTANTS: Berry & Warren Ltd
Chartered Accountants
54 Thorpe Road
Norwich
Norfolk
NR1 1RY

AYLSHAM PLANT HIRE LIMITED (REGISTERED NUMBER: 01097851)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,713,035 1,611,788
Investment property 5 130,172 130,172
1,843,207 1,741,960

CURRENT ASSETS
Stocks 8,590 32,665
Debtors 6 439,836 600,329
Cash at bank 158,742 275,182
607,168 908,176
CREDITORS
Amounts falling due within one year 7 459,433 449,248
NET CURRENT ASSETS 147,735 458,928
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,990,942

2,200,888

CREDITORS
Amounts falling due after more than one
year

8

(99,517

)

(186,174

)

PROVISIONS FOR LIABILITIES (304,361 ) (347,534 )
NET ASSETS 1,587,064 1,667,180

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 1,586,960 1,667,076
SHAREHOLDERS' FUNDS 1,587,064 1,667,180

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 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.

AYLSHAM PLANT HIRE LIMITED (REGISTERED NUMBER: 01097851)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by:





Mr M I Daniels - Director


AYLSHAM PLANT HIRE LIMITED (REGISTERED NUMBER: 01097851)

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

1. STATUTORY INFORMATION

Aylsham 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 as modified by the revaluation of certain assets.

The directors have considered the company's position at the time of signing the financial statements. After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its 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.

The following criteria must also be met before revenue is recognised:

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has accepted delivery of the goods.

Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

AYLSHAM PLANT HIRE LIMITED (REGISTERED NUMBER: 01097851)

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

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery - 15% reducing balance
Trailers - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 4 year straight line

Depreciation is not charged on property as the directors are of the opinion that the property is maintained to a standard whereby the useful economic life exceeds the cost.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and retained earnings.

Investment property
Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of income and retained earnings.

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

Cost is calculated using the first in, first out method.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties.


AYLSHAM PLANT HIRE LIMITED (REGISTERED NUMBER: 01097851)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income 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
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.

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 19 (2023 - 22 ) .

AYLSHAM PLANT HIRE LIMITED (REGISTERED NUMBER: 01097851)

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Trailers
£    £    £   
COST
At 1 April 2023 53,500 4,537,299 63,898
Additions - 268,795 -
Disposals - (61,000 ) -
At 31 March 2024 53,500 4,745,094 63,898
DEPRECIATION
At 1 April 2023 - 3,114,086 52,860
Charge for year - 213,119 2,760
Eliminated on disposal - (56,588 ) -
At 31 March 2024 - 3,270,617 55,620
NET BOOK VALUE
At 31 March 2024 53,500 1,474,477 8,278
At 31 March 2023 53,500 1,423,213 11,038

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 479,173 10,863 5,144,733
Additions 136,520 - 405,315
Disposals (102,531 ) - (163,531 )
At 31 March 2024 513,162 10,863 5,386,517
DEPRECIATION
At 1 April 2023 355,860 10,139 3,532,945
Charge for year 38,551 724 255,154
Eliminated on disposal (58,029 ) - (114,617 )
At 31 March 2024 336,382 10,863 3,673,482
NET BOOK VALUE
At 31 March 2024 176,780 - 1,713,035
At 31 March 2023 123,313 724 1,611,788

AYLSHAM PLANT HIRE LIMITED (REGISTERED NUMBER: 01097851)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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
£   
COST
At 1 April 2023 851,535
Additions 138,368
Transfer to ownership (239,000 )
At 31 March 2024 750,903
DEPRECIATION
At 1 April 2023 228,662
Charge for year 81,840
Transfer to ownership (81,016 )
At 31 March 2024 229,486
NET BOOK VALUE
At 31 March 2024 521,417
At 31 March 2023 622,873

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2023
and 31 March 2024 130,172
NET BOOK VALUE
At 31 March 2024 130,172
At 31 March 2023 130,172

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 381,396 531,386
Other debtors 58,440 68,943
439,836 600,329

AYLSHAM PLANT HIRE LIMITED (REGISTERED NUMBER: 01097851)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 128,545 173,599
Trade creditors 224,090 71,056
Amounts owed to group undertakings 13,940 75,000
Taxation and social security 68,038 77,429
Other creditors 14,820 42,164
459,433 449,248

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 16,667 26,667
Hire purchase contracts 82,850 159,507
99,517 186,174

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 26,667 36,667
Hire purchase contracts 211,395 333,106
238,062 369,773

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Daniels Properties Limited and its registered office is Unit 15 Stumpys Way Industrial Estate, Aylsham, Norfolk, NR11 6SS..