Company Registration No. 09183245 (England and Wales)
Plantmachineryuk Ltd
Unaudited accounts
for the period from 28 February 2023 to 27 February 2024
Plantmachineryuk Ltd
Unaudited accounts
Contents
Plantmachineryuk Ltd
Company Information
for the period from 28 February 2023 to 27 February 2024
Director
Brian Robert Wareing
Company Number
09183245 (England and Wales)
Registered Office
Skythorns Farm
Cowling
Keighley
BD22 0LJ
Accountants
Goodbooks (Skipton) Ltd
Duke House
Duke Street
Skipton
North Yorkshire
BD23 2HQ
Plantmachineryuk Ltd
Statement of financial position
as at 27 February 2024
Tangible assets
143,482
147,865
Cash at bank and in hand
4,937
456
Creditors: amounts falling due within one year
(191,437)
(143,011)
Net current assets
53,312
21,583
Total assets less current liabilities
196,794
169,448
Creditors: amounts falling due after more than one year
(39,640)
(53,818)
Provisions for liabilities
Deferred tax
(27,262)
(28,094)
Called up share capital
100
100
Profit and loss account
129,792
87,436
Shareholders' funds
129,892
87,536
For the period ending 27 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 November 2024 and were signed on its behalf by
Brian Robert Wareing
Director
Company Registration No. 09183245
Plantmachineryuk Ltd
Notes to the Accounts
for the period from 28 February 2023 to 27 February 2024
Plantmachineryuk Ltd is a private company, limited by shares, registered in England and Wales, registration number 09183245. The registered office is Skythorns Farm, Cowling, Keighley, BD22 0LJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Motor vehicles
20% Straight Line
Fixtures & fittings
33.33% Straight Line
Computer equipment
33.33% Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Plantmachineryuk Ltd
Notes to the Accounts
for the period from 28 February 2023 to 27 February 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 28 February 2023
169,281
-
322
14,879
184,482
Additions
6,265
27,000
-
1,963
35,228
At 27 February 2024
175,546
27,000
322
16,842
219,710
At 28 February 2023
31,975
-
214
4,428
36,617
Charge for the period
34,500
450
108
4,553
39,611
At 27 February 2024
66,475
450
322
8,981
76,228
At 27 February 2024
109,071
26,550
-
7,861
143,482
At 27 February 2023
137,306
-
108
10,451
147,865
Amounts falling due within one year
Trade debtors
66,650
47,540
Accrued income and prepayments
21,855
25,663
Other debtors
94,838
39,676
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
41,086
33,665
Obligations under finance leases and hire purchase contracts
26,160
14,352
Trade creditors
90,077
65,304
Taxes and social security
5,087
9,307
Other creditors
5,936
1,190
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
27,140
31,318
8
Average number of employees
During the period the average number of employees was 6 (2023: 5).