Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-31Plant Hire2023-06-01false66truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06598606 2023-06-01 2024-05-31 06598606 2022-06-01 2023-05-31 06598606 2024-05-31 06598606 2023-05-31 06598606 c:Director1 2023-06-01 2024-05-31 06598606 d:PlantMachinery 2023-06-01 2024-05-31 06598606 d:PlantMachinery 2024-05-31 06598606 d:PlantMachinery 2023-05-31 06598606 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06598606 d:MotorVehicles 2023-06-01 2024-05-31 06598606 d:OtherPropertyPlantEquipment 2023-06-01 2024-05-31 06598606 d:OtherPropertyPlantEquipment 2024-05-31 06598606 d:OtherPropertyPlantEquipment 2023-05-31 06598606 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06598606 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06598606 d:CurrentFinancialInstruments 2024-05-31 06598606 d:CurrentFinancialInstruments 2023-05-31 06598606 d:Non-currentFinancialInstruments 2024-05-31 06598606 d:Non-currentFinancialInstruments 2023-05-31 06598606 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 06598606 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 06598606 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 06598606 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 06598606 d:ShareCapital 2024-05-31 06598606 d:ShareCapital 2023-05-31 06598606 d:RetainedEarningsAccumulatedLosses 2024-05-31 06598606 d:RetainedEarningsAccumulatedLosses 2023-05-31 06598606 c:OrdinaryShareClass1 2023-06-01 2024-05-31 06598606 c:OrdinaryShareClass1 2024-05-31 06598606 c:OrdinaryShareClass1 2023-05-31 06598606 c:OrdinaryShareClass2 2023-06-01 2024-05-31 06598606 c:OrdinaryShareClass2 2024-05-31 06598606 c:OrdinaryShareClass2 2023-05-31 06598606 c:OrdinaryShareClass3 2023-06-01 2024-05-31 06598606 c:OrdinaryShareClass3 2024-05-31 06598606 c:OrdinaryShareClass3 2023-05-31 06598606 c:FRS102 2023-06-01 2024-05-31 06598606 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06598606 c:FullAccounts 2023-06-01 2024-05-31 06598606 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06598606 d:HirePurchaseContracts d:WithinOneYear 2024-05-31 06598606 d:HirePurchaseContracts d:WithinOneYear 2023-05-31 06598606 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-05-31 06598606 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-05-31 06598606 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-05-31 06598606 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-05-31 06598606 d:LeasedAssetsHeldAsLessee 2024-05-31 06598606 d:LeasedAssetsHeldAsLessee 2023-05-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 06598606









DENA PLANT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
DENA PLANT LIMITED
REGISTERED NUMBER: 06598606

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,105,139
1,875,472

  
2,105,139
1,875,472

Current assets
  

Debtors: amounts falling due within one year
 5 
105,897
307,026

Cash at bank and in hand
  
674,418
636,411

  
780,315
943,437

Creditors: amounts falling due within one year
 6 
(732,841)
(736,417)

Net current assets
  
 
 
47,474
 
 
207,020

Total assets less current liabilities
  
2,152,613
2,082,492

Creditors: amounts falling due after more than one year
 7 
(456,542)
(401,576)

Provisions for liabilities
  

Deferred tax
  
(521,266)
(367,998)

  
 
 
(521,266)
 
 
(367,998)

Net assets
  
1,174,805
1,312,918


Capital and reserves
  

Called up share capital 
 9 
4
4

Profit and loss account
  
1,174,801
1,312,914

  
1,174,805
1,312,918


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
Page 1

 
DENA PLANT LIMITED
REGISTERED NUMBER: 06598606
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 January 2025.




A S Webster
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
DENA PLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

The company is a private company limited by shares, registered in England and Wales.  The address of the registered office is Cambridge Road, Bedford, Bedfordshire.  MK42 0LH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the entity and are rounded to the nearest £.

 
2.2

Revenue recognition

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Turnover represents net invoiced hire of equipment and the provision of services excluding value added tax.

 
2.3

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
DENA PLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Straight Line Basis
Vans
-
33%
Straight Line Basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
DENA PLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).


4.


Tangible fixed assets





Plant and machinery owned
Plant and machinery held under HP
Total

£
£
£



Cost or valuation


At 1 June 2023
2,100,254
1,503,410
3,603,664


Additions
9,554
654,185
663,739


Disposals
(270,276)
(29,575)
(299,851)


Transfers between classes
389,150
(389,150)
-



At 31 May 2024

2,228,682
1,738,870
3,967,552



Depreciation


At 1 June 2023
1,452,531
275,661
1,728,192


Charge for the year on owned assets
73,819
275,179
348,998


Disposals
(203,276)
(11,501)
(214,777)


Transfers between classes
222,900
(222,900)
-



At 31 May 2024

1,545,974
316,439
1,862,413



Net book value



At 31 May 2024
682,708
1,422,431
2,105,139



At 31 May 2023
647,723
1,227,749
1,875,472

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


Page 5

 
DENA PLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

           4.Tangible fixed assets (continued)

2024
2023
£
£



Plant and Machinery
1,422,431
1,227,749

1,422,431
1,227,749




5.


Debtors

2024
2023
£
£


Trade debtors
25,007
279,852

Other debtors
54,771
-

Prepayments and accrued income
26,119
27,174

105,897
307,026



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
25,607
134,894

Corporation tax
72,217
6,051

Other taxation and social security
7,536
27,452

Obligations under finance lease and hire purchase contracts
619,735
560,463

Other creditors
5,557
4,598

Accruals and deferred income
2,189
2,959

732,841
736,417


Page 6

 
DENA PLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
456,542
401,576

456,542
401,576



8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
619,735
560,463

Between 1-5 years
456,542
401,575

1,076,277
962,038


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary Share Capital shares of £1 each
2
2
1 (2023 - 1) Class B Shares share of £1
1
1
1 (2023 - 1) Class C Shares share of £1
1
1

4

4



10.Secured Debt

The company has given a guarantee of £75,000 against the bank overdraft of Aden Contracting Ltd, a company fully owned by both directors.

 
Page 7