PJ Plant Hire (NW) Ltd 14581477 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is renting and leasing of construction and civil engineering machinery and equipment. Digita Accounts Production Advanced 6.30.9574.0 true 14581477 2023-08-01 2024-07-31 14581477 2024-07-31 14581477 core:RetainedEarningsAccumulatedLosses 2024-07-31 14581477 core:ShareCapital 2024-07-31 14581477 core:CurrentFinancialInstruments 2024-07-31 14581477 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 14581477 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 14581477 core:MotorVehicles 2024-07-31 14581477 core:OtherPropertyPlantEquipment 2024-07-31 14581477 bus:SmallEntities 2023-08-01 2024-07-31 14581477 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 14581477 bus:FullAccounts 2023-08-01 2024-07-31 14581477 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 14581477 bus:RegisteredOffice 2023-08-01 2024-07-31 14581477 bus:Director2 2023-08-01 2024-07-31 14581477 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 14581477 core:MotorVehicles 2023-08-01 2024-07-31 14581477 core:OtherPropertyPlantEquipment 2023-08-01 2024-07-31 14581477 core:PlantMachinery 2023-08-01 2024-07-31 14581477 core:OtherRelatedParties 2023-08-01 2024-07-31 14581477 countries:EnglandWales 2023-08-01 2024-07-31 14581477 2023-07-31 14581477 core:MotorVehicles 2023-07-31 14581477 core:OtherPropertyPlantEquipment 2023-07-31 14581477 2023-01-10 2023-07-31 14581477 2023-07-31 14581477 core:RetainedEarningsAccumulatedLosses 2023-07-31 14581477 core:ShareCapital 2023-07-31 14581477 core:CurrentFinancialInstruments 2023-07-31 14581477 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 14581477 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 14581477 core:MotorVehicles 2023-07-31 14581477 core:OtherPropertyPlantEquipment 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 14581477

PJ Plant Hire (NW) Ltd

Unaudited Financial Statements

for the Year Ended 31 July 2024

 

PJ Plant Hire (NW) Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

PJ Plant Hire (NW) Ltd

(Registration number: 14581477)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

918,198

776,578

Current assets

 

Debtors

5

66,018

198,298

Cash at bank and in hand

 

387,876

100,691

 

453,894

298,989

Creditors: Amounts falling due within one year

6

(1,191,797)

(1,067,502)

Net current liabilities

 

(737,903)

(768,513)

Total assets less current liabilities

 

180,295

8,065

Creditors: Amounts falling due after more than one year

6

(142,802)

-

Provisions for liabilities

(6,411)

-

Net assets

 

31,082

8,065

Capital and reserves

 

Called up share capital

100

100

Retained earnings

30,982

7,965

Shareholders' funds

 

31,082

8,065

 

PJ Plant Hire (NW) Ltd

(Registration number: 14581477)
Balance Sheet as at 31 July 2024

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 February 2025 and signed on its behalf by:
 

.........................................
Mr Andrew Charles Jackson
Director

 

PJ Plant Hire (NW) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Buffer Depot
Rode Street
Tarporley
Cheshire
CW6 0EF
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the hire of equipment and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

PJ Plant Hire (NW) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Tax

The tax expense for the period comprises current and deferred tax.

The current 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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Motor vehicles

20% reducing balance

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

PJ Plant Hire (NW) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 August 2023

7,000

810,450

817,450

Additions

40,000

305,181

345,181

Disposals

-

(94,780)

(94,780)

At 31 July 2024

47,000

1,020,851

1,067,851

Depreciation

At 1 August 2023

350

40,523

40,873

Charge for the year

3,997

109,523

113,520

Eliminated on disposal

-

(4,740)

(4,740)

At 31 July 2024

4,347

145,306

149,653

Carrying amount

At 31 July 2024

42,653

875,545

918,198

At 31 July 2023

6,650

769,928

776,578

5

Debtors

Current

2024
£

2023
£

Trade debtors

47,229

44,844

Other debtors

18,789

153,454

 

66,018

198,298

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

77,421

-

Trade creditors

 

13,251

16,627

Accruals and deferred income

 

1,225

975

Other creditors

 

1,099,900

1,049,900

 

1,191,797

1,067,502

 

PJ Plant Hire (NW) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

142,802

-

Other borrowings

7

Loans and borrowings

The hire purchase liabilities, included within loans and borrowings, are secured against the assets they relate to.

 

PJ Plant Hire (NW) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

8

Related party transactions

Summary of transactions with other related parties

At the year end PJ Plant Hire Limited owes £549,950 (2023 £549,950) to AC Jackson Holdings Limited. AC Jackson Holdings Limited is a related party by virtue of being a shareholder of the company.

This amount is interest free, repayable on demand and shown in other creditors.

At the year end PJ Plant Hire Limited owed £549,950 (2023 £499,950) to JB Investments (Cheshire) Limited. JB Investments (Cheshire Limited) is a related party by virtue of being a shareholder in the company.

This amount is interest free, repayable on demand and shown in other creditors.