IRIS Accounts Production v24.3.0.553 10598095 director 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh105980952023-02-28105980952024-02-29105980952023-03-012024-02-29105980952022-02-28105980952022-03-012023-02-28105980952023-02-2810598095ns15:EnglandWales2023-03-012024-02-2910598095ns14:PoundSterling2023-03-012024-02-2910598095ns10:Director12023-03-012024-02-2910598095ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2910598095ns10:SmallEntities2023-03-012024-02-2910598095ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2910598095ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2910598095ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2910598095ns10:FullAccounts2023-03-012024-02-2910598095ns10:RegisteredOffice2023-03-012024-02-2910598095ns5:CurrentFinancialInstruments2024-02-2910598095ns5:CurrentFinancialInstruments2023-02-2810598095ns5:Non-currentFinancialInstruments2024-02-2910598095ns5:Non-currentFinancialInstruments2023-02-2810598095ns5:ShareCapital2024-02-2910598095ns5:ShareCapital2023-02-2810598095ns5:RetainedEarningsAccumulatedLosses2024-02-2910598095ns5:RetainedEarningsAccumulatedLosses2023-02-2810598095ns5:PlantMachinery2023-03-012024-02-2910598095ns5:PlantMachinery2023-02-2810598095ns5:PlantMachinery2024-02-2910598095ns5:PlantMachinery2023-02-2810598095ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2910598095ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28
REGISTERED NUMBER: 10598095 (England and Wales)















HEAVY PLANT SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






HEAVY PLANT SERVICES LIMITED (REGISTERED NUMBER: 10598095)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


HEAVY PLANT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: R J Bakewell





REGISTERED OFFICE: Trent Valley Station
Station Road
Rugeley
Staffordshire
WS15 3HA





REGISTERED NUMBER: 10598095 (England and Wales)





ACCOUNTANTS: Inspired Accountants Limited
Chartered Certified Accountants
4 Parkside Court
Greenhough Road
Lichfield
Staffordshire
WS13 7FE

HEAVY PLANT SERVICES LIMITED (REGISTERED NUMBER: 10598095)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 31,206 41,114

CURRENT ASSETS
Debtors 4 235,881 299,646
Cash at bank 31,265 69,766
267,146 369,412
CREDITORS
Amounts falling due within one year 5 257,786 361,736
NET CURRENT ASSETS 9,360 7,676
TOTAL ASSETS LESS CURRENT LIABILITIES 40,566 48,790

CREDITORS
Amounts falling due after more than one year 6 (15,797 ) (25,000 )

PROVISIONS FOR LIABILITIES (1,145 ) (2,278 )
NET ASSETS 23,624 21,512

CAPITAL AND RESERVES
Called up share capital 130 130
Retained earnings 23,494 21,382
SHAREHOLDERS' FUNDS 23,624 21,512

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 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.

HEAVY PLANT SERVICES LIMITED (REGISTERED NUMBER: 10598095)

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 director and authorised for issue on 27 November 2024 and were signed by:





R J Bakewell - Director


HEAVY PLANT SERVICES LIMITED (REGISTERED NUMBER: 10598095)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. 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 etc - 25% on reducing balance

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
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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

HEAVY PLANT SERVICES LIMITED (REGISTERED NUMBER: 10598095)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 95,172
Additions 482
At 29 February 2024 95,654
DEPRECIATION
At 1 March 2023 54,058
Charge for year 10,390
At 29 February 2024 64,448
NET BOOK VALUE
At 29 February 2024 31,206
At 28 February 2023 41,114

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 206,566 270,331
Other debtors 29,315 29,315
235,881 299,646

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,016 10,000
Trade creditors 166 9,754
Taxation and social security 75,828 97,127
Other creditors 171,776 244,855
257,786 361,736

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 15,797 25,000