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REGISTERED NUMBER: 05119112 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

CAMBERWELL PLANT HIRE LIMITED

CAMBERWELL PLANT HIRE LIMITED (REGISTERED NUMBER: 05119112)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


CAMBERWELL PLANT HIRE LIMITED (REGISTERED NUMBER: 05119112)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 19,105 35,805
Tangible assets 5 1,048,936 995,725
1,068,041 1,031,530

CURRENT ASSETS
Debtors 6 461,981 404,641
Cash at bank and in hand 86,924 125,254
548,905 529,895
CREDITORS
Amounts falling due within one year 7 555,707 576,378
NET CURRENT LIABILITIES (6,802 ) (46,483 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,061,239

985,047

CREDITORS
Amounts falling due after more than one
year

8

(791,265

)

(785,963

)

PROVISIONS FOR LIABILITIES 10 (102,000 ) (42,000 )
NET ASSETS 167,974 157,084

CAPITAL AND RESERVES
Called up share capital 11 26,250 25,000
Retained earnings 141,724 132,084
SHAREHOLDERS' FUNDS 167,974 157,084

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CAMBERWELL PLANT HIRE LIMITED (REGISTERED NUMBER: 05119112)

BALANCE SHEET - continued
31 MAY 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 director and authorised for issue on 26 November 2024 and were signed by:





P H Kuebler - Director


CAMBERWELL PLANT HIRE LIMITED (REGISTERED NUMBER: 05119112)

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


1. STATUTORY INFORMATION

Camberwell Plant Hire Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05119112

Registered office: Giant Arches
12-23 48a Burbage Road
London
SE24 9HE

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.

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

Turnover represents the rendering of goods and services in connection with plant hire operations, third party haulage and gas oil sales.

Turnover is recognised when the entity meets the obligations to deliver goods and services to a customer in accordance with the terms and conditions of the sale.

Intangible assets
Goodwill, being the value of databases and reputation of a prior business acquisition, is being amortised over 18 years.

Website development is being amortised over 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to Property- Straight line over 6 years
Fixtures and Fittings- Straight line over 5 years
Computer Equipment- Straight line over 4 years
Plant and Machinery- Straight line over 3 - 8 years
Motor Vehicles- Straight line over 5 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.


CAMBERWELL PLANT HIRE LIMITED (REGISTERED NUMBER: 05119112)

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


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.

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.

Going concern
Having considered the company's projected performance and expected cashflows, the director has concluded that the company will be able to meet its liabilities as they fall due and is a going concern. As a result, these financial statements are prepared on a going concern basis.

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 or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES

The average number of employees during the year was 14 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 292,000 3,200 295,200
AMORTISATION
At 1 June 2023 258,542 853 259,395
Amortisation for year 16,060 640 16,700
At 31 May 2024 274,602 1,493 276,095
NET BOOK VALUE
At 31 May 2024 17,398 1,707 19,105
At 31 May 2023 33,458 2,347 35,805

CAMBERWELL PLANT HIRE LIMITED (REGISTERED NUMBER: 05119112)

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


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2023 13,638 2,140,366 38,357
Additions - 363,627 -
Disposals - (267,592 ) -
At 31 May 2024 13,638 2,236,401 38,357
DEPRECIATION
At 1 June 2023 11,366 1,155,334 37,469
Charge for year 2,272 248,068 288
Eliminated on disposal - (210,442 ) -
At 31 May 2024 13,638 1,192,960 37,757
NET BOOK VALUE
At 31 May 2024 - 1,043,441 600
At 31 May 2023 2,272 985,032 888

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 10,440 33,935 2,236,736
Additions - - 363,627
Disposals - - (267,592 )
At 31 May 2024 10,440 33,935 2,332,771
DEPRECIATION
At 1 June 2023 3,820 33,022 1,241,011
Charge for year 2,088 550 253,266
Eliminated on disposal - - (210,442 )
At 31 May 2024 5,908 33,572 1,283,835
NET BOOK VALUE
At 31 May 2024 4,532 363 1,048,936
At 31 May 2023 6,620 913 995,725

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 278,986 234,253
Other debtors 102,455 98,869
Prepayments and accrued income 80,540 71,519
461,981 404,641

Within other debtors are amounts owed by a company under common control of £90,873 (2023: £89,387).

CAMBERWELL PLANT HIRE LIMITED (REGISTERED NUMBER: 05119112)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,000 50,000
Hire purchase contracts (see note 9) 191,972 214,337
Trade creditors 113,924 148,771
Social security and other taxes 12,307 11,177
VAT 72,428 28,535
Other creditors 3,222 11,723
Invoice financing loan 104,354 97,435
Accrued expenses 7,500 14,400
555,707 576,378

National Westminster Bank PLC and Close Brothers Limited each hold fixed and floating charges over the assets of the company.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 45,834 50,000
Bank loans - 2-5 years - 45,834
Hire purchase contracts (see note 9) 341,713 349,196
Directors loan account 403,718 340,933
791,265 785,963

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 191,972 214,337
Between one and five years 341,713 349,196
533,685 563,533

Non-cancellable operating leases
2024 2023
£    £   
Within one year 2,917 -

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 102,000 42,000

CAMBERWELL PLANT HIRE LIMITED (REGISTERED NUMBER: 05119112)

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


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2023 42,000
Charge to Income Statement during year 60,000
Balance at 31 May 2024 102,000

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
20,000 A Ordinary £1 20,000 20,000
6,250 B Ordinary £1 6,250 5,000
26,250 25,000

1,250 B Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

The B Ordinary shares carry one vote for every two shares held, carry a discretionary right to receive dividends, and carry rights to participate on a return of capital.