Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-302024-04-30falsetrue2023-05-01falseNo description of principal activity3930trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01617508 2023-05-01 2024-04-30 01617508 2022-05-01 2023-04-30 01617508 2024-04-30 01617508 2023-04-30 01617508 c:Director1 2023-05-01 2024-04-30 01617508 c:Director2 2023-05-01 2024-04-30 01617508 d:PlantMachinery 2023-05-01 2024-04-30 01617508 d:PlantMachinery 2024-04-30 01617508 d:PlantMachinery 2023-04-30 01617508 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01617508 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 01617508 d:MotorVehicles 2023-05-01 2024-04-30 01617508 d:MotorVehicles 2024-04-30 01617508 d:MotorVehicles 2023-04-30 01617508 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01617508 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 01617508 d:FurnitureFittings 2023-05-01 2024-04-30 01617508 d:FurnitureFittings 2024-04-30 01617508 d:FurnitureFittings 2023-04-30 01617508 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01617508 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 01617508 d:OfficeEquipment 2023-05-01 2024-04-30 01617508 d:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 01617508 d:OtherPropertyPlantEquipment 2024-04-30 01617508 d:OtherPropertyPlantEquipment 2023-04-30 01617508 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01617508 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 01617508 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01617508 d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 01617508 d:CurrentFinancialInstruments 2024-04-30 01617508 d:CurrentFinancialInstruments 2023-04-30 01617508 d:Non-currentFinancialInstruments 2024-04-30 01617508 d:Non-currentFinancialInstruments 2023-04-30 01617508 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 01617508 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 01617508 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 01617508 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 01617508 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 01617508 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 01617508 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 01617508 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 01617508 d:ShareCapital 2024-04-30 01617508 d:ShareCapital 2023-04-30 01617508 d:RetainedEarningsAccumulatedLosses 2024-04-30 01617508 d:RetainedEarningsAccumulatedLosses 2023-04-30 01617508 c:FRS102 2023-05-01 2024-04-30 01617508 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 01617508 c:FullAccounts 2023-05-01 2024-04-30 01617508 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 01617508 d:HirePurchaseContracts d:WithinOneYear 2024-04-30 01617508 d:HirePurchaseContracts d:WithinOneYear 2023-04-30 01617508 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-04-30 01617508 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-04-30 01617508 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-04-30 01617508 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-04-30 01617508 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-04-30 01617508 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-30 01617508 d:LeasedAssetsHeldAsLessee 2024-04-30 01617508 d:LeasedAssetsHeldAsLessee 2023-04-30 01617508 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Registered number: 01617508


BILL KEAR PLANT & AGRICULTURAL CONTRACTORS LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 APRIL 2024




 
BILL KEAR PLANT & AGRICULTURAL CONTRACTORS LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BILL KEAR PLANT & AGRICULTURAL CONTRACTORS LTD
FOR THE YEAR ENDED 30 APRIL 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bill Kear Plant & Agricultural Contractors Ltd for the year ended 30 April 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Bill Kear Plant & Agricultural Contractors Ltd, as a body, in accordance with the terms of our engagement letter dated 11 March 2022Our work has been undertaken solely to prepare for your approval the financial statements of Bill Kear Plant & Agricultural Contractors Ltd and state those matters that we have agreed to state to the Board of directors of Bill Kear Plant & Agricultural Contractors Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bill Kear Plant & Agricultural Contractors Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Bill Kear Plant & Agricultural Contractors Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bill Kear Plant & Agricultural Contractors Ltd. You consider that Bill Kear Plant & Agricultural Contractors Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Bill Kear Plant & Agricultural Contractors Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  






CWM
 
Chartered Accountants
  
1a High Street
Epsom
Surrey
KT19 8DA
22 January 2025
Page 1

 
BILL KEAR PLANT & AGRICULTURAL CONTRACTORS LTD
REGISTERED NUMBER: 01617508

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 6 
1,128,559
1,311,819

  
1,128,559
1,311,819

Current assets
  

Stocks
  
12,174
12,174

Debtors: amounts falling due within one year
 7 
737,651
760,413

Cash at bank and in hand
  
13,632
20,742

  
763,457
793,329

Creditors: amounts falling due within one year
 8 
(1,004,641)
(1,167,184)

Net current liabilities
  
 
 
(241,184)
 
 
(373,855)

Total assets less current liabilities
  
887,375
937,964

Creditors: amounts falling due after more than one year
 9 
(455,489)
(671,594)

  

Net assets
  
431,886
266,370


Capital and reserves
  

Called up share capital 
  
90,000
90,000

Profit and loss account
  
341,886
176,370

  
431,886
266,370


Page 2

 
BILL KEAR PLANT & AGRICULTURAL CONTRACTORS LTD
REGISTERED NUMBER: 01617508
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 January 2025.







W H Kear
W F Kear
Director
Director

The notes on pages 4 to 12 form part of these financial statements.

Page 3

 
BILL KEAR PLANT & AGRICULTURAL CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 4

 
BILL KEAR PLANT & AGRICULTURAL CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.Accounting policies (continued)

 
1.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
1.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
1.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance basis
Motor vehicles
-
25%
Reducing balance basis
Fixtures and fittings
-
10%
Reducing balance basis
Office equipment
-
33%
Reducing balance basis
Other fixed assets
-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
BILL KEAR PLANT & AGRICULTURAL CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.Accounting policies (continued)

 
1.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
1.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


2.


General information

The company is a private limited company incorporated in England and Wales. Its principal place of
business is situated at Beambrook Field Station, Partridge Lane, Newdigate, Surrey RH5 5EE.


3.


Employees

The average monthly number of employees, including directors, during the year was 39 (2023 - 30).

Page 6

 
BILL KEAR PLANT & AGRICULTURAL CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Taxation



Factors affecting tax charge for the year

There was no tax payable in the year due to the annual investment allowances available and the availability of losses brought forward.


Factors that may affect future tax charges

The company has losses available to carry forward and offset against profits amounting to £699,007..


5.


Dividends

2024
2023
£
£


Dividends - ordinary shares paid
5,000
61,000

5,000
61,000

Page 7

 
BILL KEAR PLANT & AGRICULTURAL CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


At 1 May 2023
1,836,162
535,953
14,162
48,267
2,434,544


Additions
39,200
106,892
-
-
146,092


Disposals
-
(74,099)
-
-
(74,099)



At 30 April 2024

1,875,362
568,746
14,162
48,267
2,506,537



Depreciation


At 1 May 2023
781,897
325,460
11,042
4,326
1,122,725


Charge for the year on owned assets
214,620
18,145
1,468
2,413
236,646


Charge for the year on financed assets
-
49,580
-
-
49,580


Disposals
-
(30,973)
-
-
(30,973)



At 30 April 2024

996,517
362,212
12,510
6,739
1,377,978



Net book value



At 30 April 2024
878,845
206,534
1,652
41,528
1,128,559



At 30 April 2023
1,054,265
210,493
3,120
43,941
1,311,819

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
623,812
869,127

Motor vehicles
167,295
172,668

791,107
1,041,795

Page 8

 
BILL KEAR PLANT & AGRICULTURAL CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Debtors

2024
2023
£
£


Trade debtors
719,720
729,072

Other debtors
11,381
25,516

Prepayments and accrued income
6,550
5,825

737,651
760,413



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
67,958
85,949

Bank loans
70,000
70,000

Trade creditors
357,895
454,592

Other taxation and social security
179,924
223,288

Obligations under finance lease and hire purchase contracts
223,438
262,487

Other creditors
64,426
55,688

Accruals and deferred income
41,000
15,180

1,004,641
1,167,184


The following liabilities were secured:

2024
2023
£
£



Bank overdrafts
67,958
85,949

Bank loans
70,000
70,000

Obligations under finance lease and hire purchase contracts
223,438
262,487

361,396
418,436

Details of security provided:

The bank loans and overdraft are secured by a fixed and floating charge over the assets of the company.
Net obligations under finance leases and hire purchase contracts are secured against the assets to which they relate.

Page 9

 
BILL KEAR PLANT & AGRICULTURAL CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
93,333
163,333

Net obligations under finance leases and hire purchase contracts
362,156
508,261

455,489
671,594


The following liabilities were secured:

2024
2023
£
£



Bank loans
93,333
163,333

Net obligations under finance leases and hire purchase contracts
362,156
508,261

455,489
671,594

Details of security provided:

The bank loans and overdraft are secured by a fixed and floating charge over the assets of the company.
Net obligations under finance leases and hire purchase contracts are secured against the assets to which they relate.

Page 10

 
BILL KEAR PLANT & AGRICULTURAL CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
70,000
70,000


70,000
70,000

Amounts falling due 1-2 years

Bank loans
70,000
70,000


70,000
70,000

Amounts falling due 2-5 years

Bank loans
23,334
93,333


23,334
93,333


163,334
233,333



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
270,694
365,605

Between 1-5 years
414,054
684,747

684,748
1,050,352


12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the Company in an independently administered fund. The pension cost charge
represents contributions payable by the Company to the fund and amounted to £39,438 (2023 - £36,028).
Contributions totalling £5,547 (2023 - £5,116) were payable to the fund at the balance sheet date and are
included in creditors.

Page 11

 
BILL KEAR PLANT & AGRICULTURAL CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

13.


Related party transactions

Included in administrative expenses is rent paid to Mr W H Kear and Mrs J A Kear, a director of the company, in the sum of £12,000 (2023 - £Nil).

 
Page 12