Registered number
09358381
RJS Plant Hire Ltd
Filleted Accounts
30 June 2024
RJS Plant Hire Ltd
Registered number: 09358381
Balance Sheet
as at 30 June 2024
As restated
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 212,008 245,731
Current assets
Debtors 4 449,255 485,564
Cash at bank and in hand 1,330 845
450,585 486,409
Creditors: amounts falling due within one year 5 (248,080) (229,607)
Net current assets 202,505 256,802
Total assets less current liabilities 414,513 502,533
Creditors: amounts falling due after more than one year 6 (8,586) (19,304)
Provisions for liabilities (40,282) (50,521)
Net assets 365,645 432,708
Capital and reserves
Called up share capital 100 100
Profit and loss account 365,545 432,608
Shareholders' funds 365,645 432,708
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr RJ Simmons
Director
Approved by the board on 11 February 2025
RJS Plant Hire Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 221,101 515,224 736,325
Additions 14,326 34,927 49,253
Disposals (58,750) (11,000) (69,750)
At 30 June 2024 176,677 539,151 715,828
Depreciation
At 1 July 2023 144,035 346,559 490,594
Charge for the year 22,652 44,653 67,305
On disposals (45,761) (8,318) (54,079)
At 30 June 2024 120,926 382,894 503,820
Net book value
At 30 June 2024 55,751 156,257 212,008
At 30 June 2023 77,066 168,665 245,731
As restated
4 Debtors 2024 2023
£ £
Other debtors 449,255 485,564
As restated
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 10,781 17,130
Trade creditors 139,751 140,256
Taxation and social security costs 95,994 70,778
Other creditors 1,554 1,443
248,080 229,607
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 8,586 19,304
7 Related party transactions
RS Civil Engineering Ltd is a related party of RJS Plant Hire Ltd as Mr RJ Simmons and Mrs HJ Simmons own 100% of the issued share capital of both companies. There was an amount due of £428,347 (2023: £485,529) from RS Civil Engineering Ltd at the year end.
8 Prior period adjustment
Intercompany balances of £1,946,861 that were included in trade debtors have been offset
against the intercompany creditor and now sits as a net balance of £428,347 in other debtors.
This has impacted other debtors, other creditors and trade creditor balances.
This is a disclosure adjustment only and does not impact on net assets or profitability.
8 Other information
RJS Plant Hire Ltd is a private company limited by shares and incorporated in England. Its registered office is:
50 Weelsby Road
Grimsby
DN 32 0PR
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