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REGISTERED NUMBER: 04874877 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

A & M Plant Hire Limited

A & M Plant Hire Limited (Registered number: 04874877)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


A & M Plant Hire Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: G A Davies
E R Davies





SECRETARY: G A Davies





REGISTERED OFFICE: The Old Barn
Llanddarog Road
Carmarthen
Dyfed
SA32 8BG





REGISTERED NUMBER: 04874877 (England and Wales)





ACCOUNTANTS: Eagle Accountancy (UK) Limited
2 Coracle Offices
St Catherine Street
Carmarthen
Carmarthenshire
SA31 1RD

A & M Plant Hire Limited (Registered number: 04874877)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 794,236 608,305
794,236 608,305

CURRENT ASSETS
Debtors 6 164,104 113,662
Cash at bank 86,111 19,999
250,215 133,661
CREDITORS
Amounts falling due within one year 7 337,811 298,347
NET CURRENT LIABILITIES (87,596 ) (164,686 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

706,640

443,619

CREDITORS
Amounts falling due after more than one year 8 (299,352 ) (155,636 )

PROVISIONS FOR LIABILITIES (185,910 ) (103,775 )
NET ASSETS 221,378 184,208

CAPITAL AND RESERVES
Called up share capital 75 75
Retained earnings 221,303 184,133
SHAREHOLDERS' FUNDS 221,378 184,208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

A & M Plant Hire Limited (Registered number: 04874877)

Statement of Financial Position - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:




G A Davies - Director



E R Davies - Director


A & M Plant Hire Limited (Registered number: 04874877)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

A & M 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 5% on reducing balance
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 50% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 18 (2022 - 18 ) .

A & M Plant Hire Limited (Registered number: 04874877)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 17,250
AMORTISATION
At 1 January 2023
and 31 December 2023 17,250
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 62,122 1,358,128 9,995 469 1,430,714
Additions - 388,500 - - 388,500
Disposals - (65,000 ) - - (65,000 )
At 31 December 2023 62,122 1,681,628 9,995 469 1,754,214
DEPRECIATION
At 1 January 2023 8,860 803,871 9,211 467 822,409
Charge for year 2,663 186,078 196 1 188,938
Eliminated on disposal - (51,369 ) - - (51,369 )
At 31 December 2023 11,523 938,580 9,407 468 959,978
NET BOOK VALUE
At 31 December 2023 50,599 743,048 588 1 794,236
At 31 December 2022 53,262 554,257 784 2 608,305

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 143,382 113,662
Other debtors 20,722 -
164,104 113,662

A & M Plant Hire Limited (Registered number: 04874877)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 16,739 18,335
Hire purchase contracts 131,921 104,268
Trade creditors 162,741 36,123
Tax - 12,256
Social security and other taxes 13,310 36,834
VAT 92 -
Other creditors 3,466 4,728
Directors' loan accounts 8,900 917
Accruals and deferred income 642 84,886
337,811 298,347

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 2-5 years 13,427 28,036
Hire purchase contracts 285,925 127,600
299,352 155,636