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REGISTERED NUMBER: 08899727 (England and Wales)















P W PLANT HIRE LIMITED

Unaudited Financial Statements

for the Year Ended 31 May 2024






P W PLANT HIRE LIMITED (Registered number: 08899727)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P W PLANT HIRE LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTORS: P R Wild
Mrs S E Wild





REGISTERED OFFICE: 1 Park View Court
St Pauls Road
Shipley
West Yorkshire
BD18 3DZ





REGISTERED NUMBER: 08899727 (England and Wales)





ACCOUNTANTS: Maclean & Company
1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ

P W PLANT HIRE LIMITED (Registered number: 08899727)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1,000
Tangible assets 5 24,020 23,032
24,021 24,032

CURRENT ASSETS
Stocks 37,000 1,000
Debtors 6 3,569 16,457
Cash at bank 7,626 28,304
48,195 45,761
CREDITORS
Amounts falling due within one year 7 95,465 91,986
NET CURRENT LIABILITIES (47,270 ) (46,225 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(23,249

)

(22,193

)

CREDITORS
Amounts falling due after more than one
year

8

29,162

36,313
NET LIABILITIES (52,411 ) (58,506 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (52,511 ) (58,606 )
(52,411 ) (58,506 )

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.

P W PLANT HIRE LIMITED (Registered number: 08899727)

Balance Sheet - continued
31 May 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:




P R Wild - Director



Mrs S E Wild - Director


P W PLANT HIRE LIMITED (Registered number: 08899727)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

P W 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

P W PLANT HIRE LIMITED (Registered number: 08899727)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 10,000
AMORTISATION
At 1 June 2023 9,000
Amortisation for year 999
At 31 May 2024 9,999
NET BOOK VALUE
At 31 May 2024 1
At 31 May 2023 1,000

5. TANGIBLE FIXED ASSETS
Plant & Motor Office
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 57,643 16,000 1,137 74,780
Additions 8,995 - - 8,995
At 31 May 2024 66,638 16,000 1,137 83,775
DEPRECIATION
At 1 June 2023 45,074 5,538 1,136 51,748
Charge for year 5,391 2,616 - 8,007
At 31 May 2024 50,465 8,154 1,136 59,755
NET BOOK VALUE
At 31 May 2024 16,173 7,846 1 24,020
At 31 May 2023 12,569 10,462 1 23,032

P W PLANT HIRE LIMITED (Registered number: 08899727)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant & Motor
equipment vehicles Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 5,700 13,000 18,700
DEPRECIATION
At 1 June 2023 3,571 3,250 6,821
Charge for year 532 2,438 2,970
At 31 May 2024 4,103 5,688 9,791
NET BOOK VALUE
At 31 May 2024 1,597 7,312 8,909
At 31 May 2023 2,129 9,750 11,879

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 3,569 6,957
Other debtors & prepayments - 9,500
3,569 16,457

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 5,040 9,920
Trade creditors & accruals 31,697 32,127
Taxation 18,836 18,785
Other creditors 39,892 31,154
95,465 91,986

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 21,795 23,906
Hire purchase contracts 7,367 12,407
29,162 36,313