3 4 M Doody Plant Hire Ltd 12552241 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is plant hire and groundworks. Digita Accounts Production Advanced 6.30.9574.0 true true 12552241 2023-05-01 2024-04-30 12552241 2024-04-30 12552241 bus:OrdinaryShareClass1 2024-04-30 12552241 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-04-30 12552241 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-04-30 12552241 core:CurrentFinancialInstruments 2024-04-30 12552241 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 12552241 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 12552241 core:MotorVehicles 2024-04-30 12552241 core:OtherPropertyPlantEquipment 2024-04-30 12552241 bus:SmallEntities 2023-05-01 2024-04-30 12552241 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 12552241 bus:FilletedAccounts 2023-05-01 2024-04-30 12552241 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 12552241 bus:RegisteredOffice 2023-05-01 2024-04-30 12552241 bus:Director1 2023-05-01 2024-04-30 12552241 bus:Director2 2023-05-01 2024-04-30 12552241 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 12552241 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12552241 bus:Agent1 2023-05-01 2024-04-30 12552241 core:MotorVehicles 2023-05-01 2024-04-30 12552241 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 12552241 core:PlantMachinery 2023-05-01 2024-04-30 12552241 core:Vehicles 2023-05-01 2024-04-30 12552241 countries:England 2023-05-01 2024-04-30 12552241 2023-04-30 12552241 core:MotorVehicles 2023-04-30 12552241 core:OtherPropertyPlantEquipment 2023-04-30 12552241 2022-05-01 2023-04-30 12552241 2023-04-30 12552241 bus:OrdinaryShareClass1 2023-04-30 12552241 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-04-30 12552241 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-04-30 12552241 core:CurrentFinancialInstruments 2023-04-30 12552241 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 12552241 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 12552241 core:MotorVehicles 2023-04-30 12552241 core:OtherPropertyPlantEquipment 2023-04-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 12552241

M Doody Plant Hire Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

M Doody Plant Hire Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

M Doody Plant Hire Ltd

Company Information

Directors

Mr M Doody

Ms A H Hayes

Registered office

201 Long Lane
Hillingdon
Middlesex
UB10 9JW

Accountants

Keano Services Limited

 

M Doody Plant Hire Ltd

(Registration number: 12552241)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

351,252

390,777

Current assets

 

Debtors

5

31,972

71,016

Cash at bank and in hand

 

19,020

38,429

 

50,992

109,445

Creditors: Amounts falling due within one year

6

(349,359)

(377,973)

Net current liabilities

 

(298,367)

(268,528)

Total assets less current liabilities

 

52,885

122,249

Creditors: Amounts falling due after more than one year

6

(89,922)

(114,932)

Net (liabilities)/assets

 

(37,037)

7,317

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(37,137)

7,217

Shareholders' (deficit)/funds

 

(37,037)

7,317

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 January 2025 and signed on its behalf by:
 

 

M Doody Plant Hire Ltd

(Registration number: 12552241)
Balance Sheet as at 30 April 2024

.........................................
Mr M Doody
Director

.........................................
Ms A H Hayes
Director

 

M Doody Plant Hire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
201 Long Lane
Hillingdon
Middlesex
UB10 9JW

These financial statements were authorised for issue by the Board on 28 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis as a result of continued support from the directors.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

M Doody Plant Hire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

M Doody Plant Hire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 4).

 

M Doody Plant Hire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

166,140

467,239

633,379

Additions

26,200

51,358

77,558

At 30 April 2024

192,340

518,597

710,937

Depreciation

At 1 May 2023

47,722

194,880

242,602

Charge for the year

36,154

80,929

117,083

At 30 April 2024

83,876

275,809

359,685

Carrying amount

At 30 April 2024

108,464

242,788

351,252

At 30 April 2023

118,418

272,359

390,777

5

Debtors

Current

2024
£

2023
£

Trade debtors

26,171

62,704

Other debtors

5,801

8,312

 

31,972

71,016

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

57,514

47,237

Trade creditors

 

30,413

46,020

Taxation and social security

 

3,059

7,984

Accruals and deferred income

 

5,750

2,000

Other creditors

 

252,623

274,732

 

349,359

377,973

Creditors: amounts falling due after more than one year

 

M Doody Plant Hire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

89,922

114,932

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

89,922

114,932

Current loans and borrowings

2024
£

2023
£

Hire purchase contracts

57,514

47,237