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REGISTERED NUMBER: 05536837 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Joule Brady Vehicle and Plant Hire
Limited

Joule Brady Vehicle and Plant Hire
Limited (Registered number: 05536837)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Joule Brady Vehicle and Plant Hire
Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: A Brady
K Hallam
K J Ball





REGISTERED OFFICE: 1 Sheffield Road
Chapel-En-Le-Frith
High Peak
SK23 0PE





REGISTERED NUMBER: 05536837 (England and Wales)





ACCOUNTANTS: DLA Chartered Accountants
36A Market Street
New Mills
High Peak
SK22 4AA

Joule Brady Vehicle and Plant Hire
Limited (Registered number: 05536837)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,281,022 3,658,843

CURRENT ASSETS
Debtors 5 702,909 660,448
Cash at bank and in hand 123,895 166,171
826,804 826,619
CREDITORS
Amounts falling due within one year 6 636,939 775,291
NET CURRENT ASSETS 189,865 51,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,470,887

3,710,171

CREDITORS
Amounts falling due after more than one
year

7

(559,744

)

(1,028,852

)

PROVISIONS FOR LIABILITIES (624,430 ) (431,866 )
NET ASSETS 2,286,713 2,249,453

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,286,613 2,249,353
SHAREHOLDERS' FUNDS 2,286,713 2,249,453

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2024 and were signed on its behalf by:





K Hallam - Director


Joule Brady Vehicle and Plant Hire
Limited (Registered number: 05536837)

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

1. STATUTORY INFORMATION

Joule Brady Vehicle and 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.

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 - 15% on reducing balance
Motor vehicles - 25% on cost

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.

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 NIL (2023 - NIL).

Joule Brady Vehicle and Plant Hire
Limited (Registered number: 05536837)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2023 4,482,019 709,362 5,191,381
Additions 66,439 115,295 181,734
Disposals (295,017 ) (217,379 ) (512,396 )
Transfer to ownership - (31,910 ) (31,910 )
At 31 August 2024 4,253,441 575,368 4,828,809
DEPRECIATION
At 1 September 2023 1,204,063 328,475 1,532,538
Charge for year 161,272 92,061 253,333
Eliminated on disposal (94,104 ) (112,071 ) (206,175 )
Transfer to ownership - (31,909 ) (31,909 )
At 31 August 2024 1,271,231 276,556 1,547,787
NET BOOK VALUE
At 31 August 2024 2,982,210 298,812 3,281,022
At 31 August 2023 3,277,956 380,887 3,658,843

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2023 3,367,054 250,809 3,617,863
Additions - 28,299 28,299
Disposals (174,650 ) - (174,650 )
Transfer to ownership (1,072,538 ) (55,350 ) (1,127,888 )
At 31 August 2024 2,119,866 223,758 2,343,624
DEPRECIATION
At 1 September 2023 787,677 92,882 880,559
Charge for year 125,979 40,371 166,350
Eliminated on disposal (44,855 ) - (44,855 )
Transfer to ownership (460,091 ) (31,909 ) (492,000 )
At 31 August 2024 408,710 101,344 510,054
NET BOOK VALUE
At 31 August 2024 1,711,156 122,414 1,833,570
At 31 August 2023 2,579,377 157,927 2,737,304

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 194,909 340,480
Other debtors 508,000 288,000
Directors' current accounts - 31,968
702,909 660,448

Joule Brady Vehicle and Plant Hire
Limited (Registered number: 05536837)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 424,512 623,365
Trade creditors 145,440 109,289
VAT 44,987 24,637
Accrued expenses 22,000 18,000
636,939 775,291

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 559,744 1,028,852

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Hire purchase contracts 984,256 1,652,217

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.8.24 31.8.23
£    £   
K J Ball
Balance outstanding at start of year 9,259 -
Amounts advanced - 9,259
Amounts repaid (9,259 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,259

A Brady
Balance outstanding at start of year 18,855 -
Amounts advanced - 18,855
Amounts repaid (18,855 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 18,855

K Hallam
Balance outstanding at start of year 3,855 -
Amounts advanced - 3,855
Amounts repaid (3,855 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,855

10. RELATED PARTY DISCLOSURES

At the year end the company was owed £408,000 (2023: £288,000) from Joule Brady Properties Limited, a company under common control. This balance is repayable on demand and is included in debtors.

At the year end the company was owed £100,000 (2023: £Nil) from The Bridge Nursery Limited, a company under common control. This balance is repayable on demand and is included in debtors.