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Registration number: 4024073

Roberts Plant Engineers Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Roberts Plant Engineers Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 12

 

Roberts Plant Engineers Limited

Company Information

Director

Mr P E Roberts

Company secretary

Mrs E Partington

Registered office

Ross Road
Huntley
Gloucestershire
GL19 3EX

Bankers

Lloyds TSB
Hereford
8 High Town
Hereford
HR1 2AE

Accountants

Young & Co
Chartered Accountants
St Ethelbert House
Ryelands Street
Hereford
HR4 0LA

 

Roberts Plant Engineers Limited

(Registration number: 4024073)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

97,162

95,292

Current assets

 

Stocks

5

550,642

630,312

Debtors

6

297,110

294,597

Cash at bank and in hand

 

167

2

 

847,919

924,911

Creditors: Amounts falling due within one year

7

(916,125)

(970,020)

Net current liabilities

 

(68,206)

(45,109)

Total assets less current liabilities

 

28,956

50,183

Creditors: Amounts falling due after more than one year

7

(9,396)

(19,646)

Provisions for liabilities

(12,939)

(14,989)

Net assets

 

6,621

15,548

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

6,521

15,448

Shareholders' funds

 

6,621

15,548

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Roberts Plant Engineers Limited

(Registration number: 4024073)
Balance Sheet as at 30 June 2024
(continued)

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 March 2025
 

.........................................
Mr P E Roberts
Director

 

Roberts Plant Engineers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

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

The address of its registered office is:
Ross Road
Huntley
Gloucestershire
GL19 3EX

These financial statements were authorised for issue by the director on 27 March 2025.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Tax

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period.

 

Roberts Plant Engineers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
(continued)

2

Accounting policies (continued)

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantially enacted by the end of the reporting period.

Tangible assets

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives at the following rates:

Depreciation

Asset class

Depreciation method and rate

Motor vehicles

25% of written down value per annum

Plant and machinery

10% of written down value per annum

Fixtures and fittings

20% of cost per annum

Computer equipment

33% of cost per annum

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit and loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

 

Roberts Plant Engineers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
(continued)

2

Accounting policies (continued)

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.

Leases

Assets obtained under hire purchase agreements and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor, are charged to profit and loss account on a straight line basis.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Rental income from operating leases where substantially all of the benefits and risks of ownership remain with the lessor, is recognised on a straight line basis over the term of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Roberts Plant Engineers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
(continued)

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 4).

 

Roberts Plant Engineers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
(continued)

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2023

144,398

97,250

241,648

Additions

17,000

-

17,000

At 30 June 2024

161,398

97,250

258,648

Depreciation

At 1 July 2023

81,674

64,682

146,356

Charge for the year

6,987

8,143

15,130

At 30 June 2024

88,661

72,825

161,486

Carrying amount

At 30 June 2024

72,737

24,425

97,162

At 30 June 2023

62,724

32,568

95,292

5

Stocks

2024
£

2023
£

Other inventories

550,642

630,312

6

Debtors

 

Roberts Plant Engineers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
(continued)

6

Debtors (continued)

Note

2024
£

2023
£

Trade debtors

 

74,886

44,165

Amounts owed by group undertakings and undertakings in which the company has a participating interest

11

194,930

203,448

Prepayments

 

27,194

46,884

Other debtors

 

100

100

 

297,110

294,597

 

Roberts Plant Engineers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
(continued)

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

171,660

236,927

Trade creditors

 

62,014

41,873

Taxation and social security

 

20,756

14,665

Accruals and deferred income

 

11,046

13,946

Other creditors

 

650,649

662,609

 

916,125

970,020

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

9,396

19,646

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Share Capital of £1 each

100

100

100

100

       

9

Loans and borrowings

Bank borrowings

 

Roberts Plant Engineers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
(continued)

9

Loans and borrowings (continued)

Bank overdraft is denominated in £ with a nominal interest rate of 2.5%, and the final instalment is due on . The carrying amount at year end is £142,470 (2023 - £133,085).

The bank overdraft, which totals £142470.00, is secured by a debenture over all the company's assets and undertaking.

Other borrowings

The carrying amount of Hire Purchase at year end is £35,401 (2023 - £94,321).

The obligations under hire purchase contracts, which total £35,401, are all payable within five years. The obligations are secured on the assets to which they relate.

10

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £24,000 (2023 - £24,000). Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £24,000 (2023 - £24,000).

The company operates defined contribution schemes on behalf of its directors and employees. The assets of the schemes are held separately from those of the company in independently administered funds. The pension cost charge represents contributions payable by the company to these funds and amounted to £668 (2023 - £494).

 

Roberts Plant Engineers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
(continued)

11

Related party transactions

Summary of transactions with other related parties

During the year the company received management recharges of £12,000 (2023: £12,000) from Oxalis Trading Limited, a company under the control of Mr P E Roberts, a director and shareholder of the company. During the year the company was charged rent by Oxalis Trading Limited of £24,000 (2023: £24,000). The amount owed at the end of the year was £280,358 (2023: £269,458) owed by Oxalis Trading Limited.

During the year the company received management recharges of £60,000 (2023: £120,000) from Roberts Farm (Glos) Limited, a company under the control of Mr P E Roberts, a director and shareholder of the company. The amount owed at the end of the year was £85,268 (2023: £65,524) owed to Roberts Farm (Glos) Limited.

During the year the company made payments on behalf of Roberts Civil Engineers Limited of £326, a company under the control of Mr P E Roberts, a director and shareholder of the company. The amount owed at the end of the year was £1,883 (2023: £1,557) owed by Roberts Civil Engineers Limited.
The above transactions were in the normal course of business and were conducted on an at arms length basis.