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REGISTERED NUMBER: 08325560 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Trevor Potts Plant Hire Ltd

Trevor Potts Plant Hire Ltd (Registered number: 08325560)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Trevor Potts Plant Hire Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: J Potts
T G Potts





REGISTERED OFFICE: Hellaby Lane
Hellaby
Rotherham
South Yorkshire
S66 8HN





REGISTERED NUMBER: 08325560 (England and Wales)





ACCOUNTANTS: Hawson Jefferies
Suite 4
164-170 Queens Road
Sheffield
South Yorkshire
S2 4DH

Trevor Potts Plant Hire Ltd (Registered number: 08325560)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 111,888 35,976
111,888 35,976

CURRENT ASSETS
Stocks 415 350
Debtors 6 72,474 64,293
Cash at bank 98,604 162,269
171,493 226,912
CREDITORS
Amounts falling due within one year 7 256,684 210,237
NET CURRENT (LIABILITIES)/ASSETS (85,191 ) 16,675
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,697

52,651

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 26,597 52,551
SHAREHOLDERS' FUNDS 26,697 52,651

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Trevor Potts Plant Hire Ltd (Registered number: 08325560)

Balance Sheet - continued
29 February 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 4 June 2024 and were signed on its behalf by:




J Potts - Director



T G Potts - Director


Trevor Potts Plant Hire Ltd (Registered number: 08325560)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Trevor Potts Plant Hire Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

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.

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 2 (2023 - 2 ) .

Trevor Potts Plant Hire Ltd (Registered number: 08325560)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 20,000
AMORTISATION
At 1 March 2023
and 29 February 2024 20,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 86,426 2,001 - 725 89,152
Additions 111,112 - 38,474 - 149,586
Disposals (49,400 ) - - - (49,400 )
At 29 February 2024 148,138 2,001 38,474 725 189,338
DEPRECIATION
At 1 March 2023 50,911 1,553 - 712 53,176
Charge for year 14,584 67 9,619 4 24,274
At 29 February 2024 65,495 1,620 9,619 716 77,450
NET BOOK VALUE
At 29 February 2024 82,643 381 28,855 9 111,888
At 28 February 2023 35,515 448 - 13 35,976

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 67,781 62,206
Prepayments 4,693 2,087
72,474 64,293

Trevor Potts Plant Hire Ltd (Registered number: 08325560)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other loans 19,518 19,518
Trade creditors 15,234 7,106
Corporation tax 58 58
Social security and other taxes 1,783 1,950
Pension (40 ) 97
VAT 6,311 7,108
Loan Account - Trevor Potts
Waste Disposal Limited 60,484 21,734
Directors' current accounts 148,529 148,766
Accrued expenses 4,807 3,900
256,684 210,237