Registered number
05175265
A R PLANT HIRE LIMITED
Unaudited Filleted Accounts
31 July 2024
A R PLANT HIRE LIMITED
Registered number: 05175265
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 18,400 19,550
Tangible assets 4 469,637 455,483
488,037 475,033
Current assets
Stocks 35,000 35,000
Debtors 5 2,295 22,650
37,295 57,650
Creditors: amounts falling due within one year 6 (238,841) (246,797)
Net current liabilities (201,546) (189,147)
Total assets less current liabilities 286,491 285,886
Creditors: amounts falling due after more than one year 7 (86,991) (116,700)
Net assets 199,500 169,186
Capital and reserves
Called up share capital 100 100
Share premium 10,000 10,000
Profit and loss account 189,400 159,086
Shareholders' funds 199,500 169,186
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A. Hague
Director
Approved by the board on 26 March 2025
A R PLANT HIRE LIMITED
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 10% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2023 23,000
At 31 July 2024 23,000
Amortisation
At 1 August 2023 3,450
Provided during the year 1,150
At 31 July 2024 4,600
Net book value
At 31 July 2024 18,400
At 31 July 2023 19,550
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 485,432
Additions 88,441
Disposals (70,831)
At 31 July 2024 503,042
Depreciation
At 1 August 2023 29,949
Charge for the year 3,487
On disposals (31)
At 31 July 2024 33,405
Net book value
At 31 July 2024 469,637
At 31 July 2023 455,483
5 Debtors 2024 2023
£ £
Trade debtors 1,295 2,088
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 19,562
Other debtors 1,000 1,000
2,295 22,650
6 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 27,699 -
Bank loans and overdrafts 52,746 71,119
Obligations under finance lease and hire purchase contracts 58,750 67,968
Trade creditors 1,439 2,641
Directors loan account 81,935 91,462
Value Added Tax 14,612 12,120
Other creditors 1,660 1,487
238,841 246,797
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 86,991 116,700
8 Other information
A R PLANT HIRE LIMITED is a private company limited by shares and incorporated in England.
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