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REGISTERED NUMBER: 02248781 (England and Wales)















STOKE PLANT HIRE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






STOKE PLANT HIRE LIMITED (REGISTERED NUMBER: 02248781)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STOKE PLANT HIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr J J Doherty
Mr J J Doherty Jnr.



SECRETARY: Mrs A Doherty



REGISTERED OFFICE: Sovereign House
12, Warwick Street
Earlsdon
Coventry
CV5 6ET



REGISTERED NUMBER: 02248781 (England and Wales)



ACCOUNTANTS: Burrows Scarborough
Sovereign House
12 Warwick Street
Coventry
West Midlands
CV5 6ET



BANKERS: Barclays Bank
25 High Street
Coventry
West Midlands
CV1 5QZ

STOKE PLANT HIRE LIMITED (REGISTERED NUMBER: 02248781)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,480,094 1,909,931

CURRENT ASSETS
Debtors 5 1,261,921 858,504
Prepayments and accrued income 8,257 7,316
Cash at bank 232,075 757,253
1,502,253 1,623,073
CREDITORS
Amounts falling due within one year 6 945,235 928,031
NET CURRENT ASSETS 557,018 695,042
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,037,112

2,604,973

CREDITORS
Amounts falling due after more than one
year

7

(918,199

)

(579,797

)

PROVISIONS FOR LIABILITIES (611,620 ) (468,956 )

ACCRUALS AND DEFERRED INCOME (5,729 ) (50,176 )
NET ASSETS 1,501,564 1,506,044

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,501,464 1,505,944
SHAREHOLDERS' FUNDS 1,501,564 1,506,044

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2025 and were signed on its behalf by:




Mr J J Doherty Jnr. - Director


STOKE PLANT HIRE LIMITED (REGISTERED NUMBER: 02248781)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Stoke 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements are rounded to the nearest £1.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) including the provisions of Section 1A 'Small Entities' and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified as necessary to include certain items at fair value.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Leases
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Employee 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.

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 17 ) .

STOKE PLANT HIRE LIMITED (REGISTERED NUMBER: 02248781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 30,042 3,487,497 3,517,539
Additions - 789,844 789,844
Disposals - (120,000 ) (120,000 )
At 31 May 2024 30,042 4,157,341 4,187,383
DEPRECIATION
At 1 June 2023 - 1,607,608 1,607,608
Charge for year - 209,248 209,248
Eliminated on disposal - (109,567 ) (109,567 )
At 31 May 2024 - 1,707,289 1,707,289
NET BOOK VALUE
At 31 May 2024 30,042 2,450,052 2,480,094
At 31 May 2023 30,042 1,879,889 1,909,931

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2023 1,421,327
Additions 755,010
At 31 May 2024 2,176,337
DEPRECIATION
At 1 June 2023 295,967
Charge for year 86,150
At 31 May 2024 382,117
NET BOOK VALUE
At 31 May 2024 1,794,220
At 31 May 2023 1,125,360

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 255,759 484,098
Other debtors 401,137 269,381
656,896 753,479

Amounts falling due after more than one year:
Other debtors 605,025 105,025

Aggregate amounts 1,261,921 858,504

STOKE PLANT HIRE LIMITED (REGISTERED NUMBER: 02248781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 70,599 30,210
Hire purchase contracts 429,045 293,551
Trade creditors 188,915 260,405
Taxation and social security 55,648 143,986
Other creditors 201,028 199,879
945,235 928,031

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 250,541 79,844
Hire purchase contracts 667,658 499,953
918,199 579,797

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 1,096,703 793,504

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mr J J Doherty
Balance outstanding at start of year 105,025 96,233
Amounts advanced - 8,792
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 105,025 105,025

Mr J J Doherty Jnr.
Balance outstanding at start of year - -
Amounts advanced 500,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 500,000 -

Interest is charged on the directors loan advance at HMRC official rate. This loan is repayable on demand.

10. RELATED PARTY DISCLOSURES

Included in Other Debtors £217,937 due from Malin Developments Limited (Company Number : 10725248) a property development company in which one of the directors has an interest and is owned by him and his brother (Mr B Doherty). The indebtedness is interest free and repayable on demand.

Included in Other Creditors is £200,000 from Three Oakes Plant Hire Limited (Company Number : 03348672)
a company wholly owned by one of the directors. The indebtedness is interest free and repayable on demand.