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REGISTERED NUMBER: 06475945 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024

FOR

CUPIT PLANT HIRE LIMITED

CUPIT PLANT HIRE LIMITED (REGISTERED NUMBER: 06475945)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CUPIT PLANT HIRE LIMITED

COMPANY INFORMATION
for the Year Ended 30th April 2024







DIRECTORS: L J Cupit
Miss A F Cupit





SECRETARY: L J Cupit





REGISTERED OFFICE: Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 06475945 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

CUPIT PLANT HIRE LIMITED (REGISTERED NUMBER: 06475945)

BALANCE SHEET
30th April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,198,360 1,115,199

CURRENT ASSETS
Debtors 5 466,020 505,174
Cash at bank and in hand 115,877 141,490
581,897 646,664
CREDITORS
Amounts falling due within one year 6 585,171 639,478
NET CURRENT (LIABILITIES)/ASSETS (3,274 ) 7,186
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,195,086

1,122,385

CREDITORS
Amounts falling due after more than one year 7 (470,239 ) (423,027 )

PROVISIONS FOR LIABILITIES 9 (223,293 ) (207,383 )
NET ASSETS 501,554 491,975

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 501,454 491,875
SHAREHOLDERS' FUNDS 501,554 491,975

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

CUPIT PLANT HIRE LIMITED (REGISTERED NUMBER: 06475945)

BALANCE SHEET - continued
30th April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th January 2025 and were signed on its behalf by:




L J Cupit - Director



Miss A F Cupit - Director


CUPIT PLANT HIRE LIMITED (REGISTERED NUMBER: 06475945)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

Cupit Plant Hire 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to leasehold property - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

CUPIT PLANT HIRE LIMITED (REGISTERED NUMBER: 06475945)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th April 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to
leasehold Plant and Motor Office
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st May 2023 23,773 1,171,665 1,006,363 9,373 2,211,174
Additions - 3,935 341,510 149 345,594
Disposals - (143,317 ) (397 ) (4,015 ) (147,729 )
At 30th April 2024 23,773 1,032,283 1,347,476 5,507 2,409,039
DEPRECIATION
At 1st May 2023 63 506,308 583,423 6,181 1,095,975
Charge for year 377 96,389 141,290 1,001 239,057
Eliminated on disposal - (120,228 ) (319 ) (3,806 ) (124,353 )
At 30th April 2024 440 482,469 724,394 3,376 1,210,679
NET BOOK VALUE
At 30th April 2024 23,333 549,814 623,082 2,131 1,198,360
At 30th April 2023 23,710 665,357 422,940 3,192 1,115,199

CUPIT PLANT HIRE LIMITED (REGISTERED NUMBER: 06475945)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st May 2023 748,700 750,450 1,499,150
Additions - 341,510 341,510
Transfer to ownership (372,000 ) (176,500 ) (548,500 )
At 30th April 2024 376,700 915,460 1,292,160
DEPRECIATION
At 1st May 2023 225,097 373,560 598,657
Charge for year 45,642 115,802 161,444
Transfer to ownership (152,678 ) (120,518 ) (273,196 )
At 30th April 2024 118,061 368,844 486,905
NET BOOK VALUE
At 30th April 2024 258,639 546,616 805,255
At 30th April 2023 523,603 376,890 900,493

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 458,061 491,285
Other debtors - 3,000
Prepayments 7,959 10,889
466,020 505,174

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans - 1,000
Hire purchase contracts 247,418 297,095
Trade creditors 183,184 194,600
Tax 5,090 1,577
Social security and other taxes 62,593 52,243
Other creditors 46,198 44,800
Directors' current accounts 27,663 35,603
Accrued expenses 3,025 2,560
585,171 639,478

CUPIT PLANT HIRE LIMITED (REGISTERED NUMBER: 06475945)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 1,667 11,667
Hire purchase contracts 458,572 401,360
470,239 423,027

8. SECURED DEBTS

The following secured debts are included within creditors:

30/4/24 30/4/23
£    £   
Hire purchase contracts 705,990 698,455

9. PROVISIONS FOR LIABILITIES
30/4/24 30/4/23
£    £   
Deferred tax 223,293 207,383

Deferred
tax
£   
Balance at 1st May 2023 207,383
Accelerated capital allowances 15,910
Balance at 30th April 2024 223,293

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/24 30/4/23
value: £    £   
100 Ordinary £1 100 100

11. CAPITAL COMMITMENTS
30/4/24 30/4/23
£    £   
Contracted but not provided for in the
financial statements - -

12. RELATED PARTY DISCLOSURES

During the year, Mr L J Cupit (Director) charged the company £1,000 (2023 - £1,000) for rent of his private yard.

CUPIT PLANT HIRE LIMITED (REGISTERED NUMBER: 06475945)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th April 2024

13. ULTIMATE CONTROLLING PARTY

Mr L J Cupit owns 80% of the issued share capital of the company.