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REGISTERED NUMBER: 03335816 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

COTSWOLD TOOL AND PLANT HIRE LIMITED

COTSWOLD TOOL AND PLANT HIRE LIMITED (REGISTERED NUMBER: 03335816)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COTSWOLD TOOL AND PLANT HIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: J H Clutterbuck





REGISTERED OFFICE: Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA





REGISTERED NUMBER: 03335816 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

COTSWOLD TOOL AND PLANT HIRE LIMITED (REGISTERED NUMBER: 03335816)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 662,998 663,499

CREDITORS
Amounts falling due within one year 5 146,940 146,481
NET CURRENT ASSETS 516,058 517,018
TOTAL ASSETS LESS CURRENT
LIABILITIES

516,058

517,018

CAPITAL AND RESERVES
Called up share capital 25,002 25,002
Retained earnings 491,056 492,016
516,058 517,018

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

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

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 director and authorised for issue on 23 January 2025 and were signed by:





J H Clutterbuck - Director


COTSWOLD TOOL AND PLANT HIRE LIMITED (REGISTERED NUMBER: 03335816)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Cotswold Tool And 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.

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

Revenue is recognised with a deposit on hire and then balance on completion of hire, on completion of test and on delivery of goods.

From August 2017 revenue is recognised at the point the rental is due. Revenue after this period is 100% rental income.

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

Under normal circumstances the freehold property would be classed as investment property as it is being rented out to generate income. However due to the fact that property is being rented by the parent company, WHC Hire Services Limited, and the FRS102 Triennial review allowed that investment property being rented to a group entity can be classed as property plant and equipment and therefore accounted for using the cost model. This model has been applied and as such there are no re-valuations of the property.

No depreciation is provided on freehold buildings. It is the company's practice to maintain these assets in a continual state of sound repair and to extend and make improvements thereto from time to time and accordingly the directors consider that the lives of these assets are so long, and residual values so high, that their depreciation is insignificant. Any permanent diminution in the value of such buildings will be charged to the profit and loss account as appropriate.

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

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.

COTSWOLD TOOL AND PLANT HIRE LIMITED (REGISTERED NUMBER: 03335816)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Going concern
Covid has had a minimal impact if at all, and therefore the director has identified no concerns regarding the company's ability to continue as a going concern.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 662,998 662,998
VAT - 501
662,998 663,499

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 114
Other creditors 146,190 144,712
Accrued expenses 750 1,655
146,940 146,481

6. RELATED PARTY DISCLOSURES

WHC Hire Services Limited
Parent Company

Dividends paid to parent company £NIL (2023- £nil)

Amount due to related party at the balance sheet date £146,190 (2023: £144,712)

No interest is charged on outstanding balances and there are no set repayment terms.


WHC Hire Services Holdings Limited
Ultimate Parent Company

Amount due from related party at the balance sheet date £662,998 (2023: £662,998).