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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
Page
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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
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Nibsy Plant Hire LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
59,939 
84,189 
Current assets
Debtors
24,716 
11,758 
Cash at bank and in hand
15,948 
3,384 
40,664 
15,142 
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)
Net assets
53,969 
36,962 
Capital and reserves
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
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Nibsy Plant Hire LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 taxation
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 
£ 
Cost or valuation
At cost 
At 1 June 2023
143,910 
Disposals
(18,095)
At 31 May 2024
125,815 
Depreciation
At 1 June 2023
59,721 
Charge for the year
14,985 
On disposals
(8,830)
At 31 May 2024
65,876 
Net book value
At 31 May 2024
59,939 
At 31 May 2023
84,189 
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Nibsy Plant Hire LTD Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
2,230 
Trade debtors
24,716 
9,528 
24,716 
11,758 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,000 
4,000 
VAT
2,272 
- 
Taxes and social security
4,957 
991 
Loans from directors
23,702 
41,387 
Accruals
2,009 
1,328 
36,940 
47,706 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,333 
9,333 
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
4,361 
5,330 
2024 
2023 
£ 
£ 
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 
9
Share capital
2024 
2023 
£ 
£ 
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.
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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).
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