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REGISTERED NUMBER: 13601916 (England and Wales)















EFM Plant Limited

Unaudited Financial Statements

for the Year Ended 30th June 2024






EFM Plant Limited (Registered number: 13601916)






Contents of the Financial Statements
for the year ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


EFM Plant Limited

Company Information
for the year ended 30th June 2024







DIRECTORS: P E Minney
C Minney





SECRETARY: Mrs Y L Minney





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
NN1 4EP





REGISTERED NUMBER: 13601916 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

EFM Plant Limited (Registered number: 13601916)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 844,118 244,957

CURRENT ASSETS
Debtors 6 511,700 353,430
Cash at bank and in hand 138,713 177,767
650,413 531,197
CREDITORS
Amounts falling due within one year 7 1,102,371 439,539
NET CURRENT (LIABILITIES)/ASSETS (451,958 ) 91,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

392,160

336,615

CREDITORS
Amounts falling due after more than one
year

8

(152,497

)

(91,458

)

PROVISIONS FOR LIABILITIES 10 (91,000 ) (46,000 )
NET ASSETS 148,663 199,157

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 148,463 198,957
SHAREHOLDERS' FUNDS 148,663 199,157

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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 13th November 2024 and were signed on its behalf by:





P E Minney - Director


EFM Plant Limited (Registered number: 13601916)

Notes to the Financial Statements
for the year ended 30th June 2024

1. STATUTORY INFORMATION

EFM Plant 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 (£).


The principal activity of the company in the period under review was that of the renting and leasing of machinery and equipment.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below.These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

EFM Plant Limited (Registered number: 13601916)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2023 293,850
Additions 800,989
Disposals (80,000 )
At 30th June 2024 1,014,839
DEPRECIATION
At 1st July 2023 48,893
Charge for year 139,828
Eliminated on disposal (18,000 )
At 30th June 2024 170,721
NET BOOK VALUE
At 30th June 2024 844,118
At 30th June 2023 244,957

The net book value of tangible fixed assets includes £ 309,207 (2023 - £ 206,207 ) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 458,315 336,074
Other debtors 53,385 17,356
511,700 353,430

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 92,904 53,625
Trade creditors 75,449 97,447
Taxation and social security 56,306 48,886
Other creditors 877,712 239,581
1,102,371 439,539

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 152,497 91,458

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 245,401 145,083

EFM Plant Limited (Registered number: 13601916)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 91,000 46,000

Deferred
tax
£   
Balance at 1st July 2023 46,000
Charge to Income Statement during year 45,000
Balance at 30th June 2024 91,000

11. CONTINGENT LIABILITIES

There were no contingent liabilities as at 30th June 2024 or as at 30th June 2023.

12. CAPITAL COMMITMENTS

there were no capital commitments as at 30th June 2024 or as at 30th June 2023.