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REGISTERED NUMBER: 14687724 (England and Wales)






















Unaudited Financial Statements

for the Period

24 February 2023 to 30 June 2024

for

(AMS) LBP Plant Hire Ltd

(AMS) LBP Plant Hire Ltd (Registered number: 14687724)






Contents of the Financial Statements
for the Period 24 February 2023 to 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


(AMS) LBP Plant Hire Ltd

Company Information
for the Period 24 February 2023 to 30 June 2024







DIRECTORS: A L Sullivan
M D E Sullivan





REGISTERED OFFICE: LBP House
Exchange Road
Lincoln
LN6 3JZ





REGISTERED NUMBER: 14687724 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

(AMS) LBP Plant Hire Ltd (Registered number: 14687724)

Balance Sheet
30 June 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 558,049

CURRENT ASSETS
Debtors 5 301,248
Cash at bank 50,759
352,007
CREDITORS
Amounts falling due within one year 6 444,484
NET CURRENT LIABILITIES (92,477 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

465,572

CREDITORS
Amounts falling due after more than one
year

7

(237,082

)

PROVISIONS FOR LIABILITIES (119,170 )
NET ASSETS 109,320

CAPITAL AND RESERVES
Called up share capital 9 100
Retained earnings 109,220
SHAREHOLDERS' FUNDS 109,320

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

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

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 21 November 2024 and were signed on its behalf by:





A L Sullivan - Director


(AMS) LBP Plant Hire Ltd (Registered number: 14687724)

Notes to the Financial Statements
for the Period 24 February 2023 to 30 June 2024

1. STATUTORY INFORMATION

(AMS) LBP 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.

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 - 25% on reducing balance

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and 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 the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

(AMS) LBP Plant Hire Ltd (Registered number: 14687724)

Notes to the Financial Statements - continued
for the Period 24 February 2023 to 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
Additions 658,713
At 30 June 2024 658,713
DEPRECIATION
Charge for period 100,664
At 30 June 2024 100,664
NET BOOK VALUE
At 30 June 2024 558,049

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 189,111
Amounts owed by group undertakings 38,295
Other debtors 73,842
301,248

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 130,091
Trade creditors 63,159
Amounts owed to group undertakings 249,900
Other creditors 1,334
444,484

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Hire purchase contracts 237,082

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Hire purchase 367,173

The hire purchase liabilities are secured against the assets to which they relate.

9. CALLED UP SHARE CAPITAL

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

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.