Company Registration No. 11402765 (England and Wales)
Nibsy Plant Hire LTD
Unaudited accounts
for the year ended 31 May 2024
Nibsy Plant Hire LTD
Unaudited accounts
Contents
Nibsy Plant Hire LTD
Company Information
for the year ended 31 May 2024
Directors
Jack Heffernan
Luke Heffernan
Company Number
11402765 (England and Wales)
Registered Office
26 Lyndhurst Grove Road
Brighouse
West Yorkshire
HD6 3SD
Accountants
Small Business Accountancy
18 Stoney Hill
Rastrick
Brighouse
West Yorkshire
HD6 3BP
Nibsy Plant Hire LTD
Statement of financial position
as at 31 May 2024
Tangible assets
59,939
84,189
Cash at bank and in hand
15,948
3,384
Creditors: amounts falling due within one year
(36,940)
(47,706)
Net current assets/(liabilities)
3,724
(32,564)
Total assets less current liabilities
63,663
51,625
Creditors: amounts falling due after more than one year
(5,333)
(9,333)
Provisions for liabilities
Deferred tax
(4,361)
(5,330)
Called up share capital
100
100
Profit and loss account
53,869
36,862
Shareholders' funds
53,969
36,962
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by
Jack Heffernan
Director
Company Registration No. 11402765
Nibsy Plant Hire LTD
Notes to the Accounts
for the year ended 31 May 2024
Nibsy Plant Hire LTD is a private company, limited by shares, registered in England and Wales, registration number 11402765. The registered office is 26 Lyndhurst Grove Road, Brighouse, West Yorkshire, HD6 3SD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery
Charge for the year
14,985
Nibsy Plant Hire LTD
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
24,716
9,528
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,000
4,000
Taxes and social security
4,957
991
Loans from directors
23,702
41,387
7
Creditors: amounts falling due after more than one year
2024
2023
8
Deferred taxation
2024
2023
Accelerated capital allowances
4,361
5,330
Provision at start of year
5,330
2,930
(Credited)/charged to the profit and loss account
(969)
2,400
Provision at end of year
4,361
5,330
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Transactions with related parties
During the year the company leased equipment to an organisation controlled solely by a member of key management personnel. Income for the year relating to the leased equipment amounted to £48,649.00.
The company is in receipt of loans amounting to £23,702.00 from members of key management personnel.
Loan 1 amounts to £2,877.00, is payable on demand and the rate of interest charged is 0%. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due within one year.
Loan 2 amounts to £20,825.00, is payable on demand and the rate of interest is 0%. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due within one year.
Nibsy Plant Hire LTD
Notes to the Accounts
for the year ended 31 May 2024
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).