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REGISTERED NUMBER: 03957192 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

CORLEY PLANT LIMITED

CORLEY PLANT LIMITED (REGISTERED NUMBER: 03957192)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CORLEY PLANT LIMITED

COMPANY INFORMATION
for the Year Ended 30th June 2024







DIRECTORS: J M Corley.
B F Corley





SECRETARY: Mrs J Corley





REGISTERED OFFICE: Lower Huntington Farm Barn Offices
Huntington
Little Wenlock
Telford
Shropshire
TF6 5AP





REGISTERED NUMBER: 03957192 (England and Wales)





ACCOUNTANTS: D E Ball & Co Limited
Chartered Accountants
15 Bridge Road
Wellington
Telford
Shropshire
TF1 1EB

CORLEY PLANT LIMITED (REGISTERED NUMBER: 03957192)

BALANCE SHEET
30th June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 547,298 599,283

CURRENT ASSETS
Debtors 5 109,302 164,611
Cash at bank 170,746 135,027
280,048 299,638
CREDITORS
Amounts falling due within one year 6 92,744 102,505
NET CURRENT ASSETS 187,304 197,133
TOTAL ASSETS LESS CURRENT
LIABILITIES

734,602

796,416

CREDITORS
Amounts falling due after more than one year 7 (10,833 ) (20,833 )

PROVISIONS FOR LIABILITIES (30,185 ) (33,639 )
NET ASSETS 693,584 741,944

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 693,484 741,844
SHAREHOLDERS' FUNDS 693,584 741,944

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

CORLEY PLANT LIMITED (REGISTERED NUMBER: 03957192)

BALANCE SHEET - continued
30th June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th March 2025 and were signed on its behalf by:




J M Corley. - Director



B F Corley - Director


CORLEY PLANT LIMITED (REGISTERED NUMBER: 03957192)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2024

1. STATUTORY INFORMATION

Corley Plant 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.
Excavators and trucks - 18% on reducing balance
Equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Freehold property is not depreciated. The Directors are of the view that the level of ongoing repair and maintenance of the property will result in the residual value of the property at the end of its useful life being greater than its original cost. This is reviewed annually by the Directors.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

CORLEY PLANT LIMITED (REGISTERED NUMBER: 03957192)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Excavators
Freehold and
property trucks Equipment
£    £    £   
COST
At 1st July 2023 297,860 1,089,596 25,560
Additions - - 8,000
Disposals - (64,578 ) -
At 30th June 2024 297,860 1,025,018 33,560
DEPRECIATION
At 1st July 2023 - 808,409 17,882
Charge for year - 53,388 1,847
Eliminated on disposal - (62,068 ) -
At 30th June 2024 - 799,729 19,729
NET BOOK VALUE
At 30th June 2024 297,860 225,289 13,831
At 30th June 2023 297,860 281,187 7,678

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st July 2023 33,218 4,151 1,450,385
Additions - 1,003 9,003
Disposals - - (64,578 )
At 30th June 2024 33,218 5,154 1,394,810
DEPRECIATION
At 1st July 2023 20,711 4,100 851,102
Charge for year 3,127 116 58,478
Eliminated on disposal - - (62,068 )
At 30th June 2024 23,838 4,216 847,512
NET BOOK VALUE
At 30th June 2024 9,380 938 547,298
At 30th June 2023 12,507 51 599,283


CORLEY PLANT LIMITED (REGISTERED NUMBER: 03957192)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 96,439 138,115
Other debtors 12,863 26,496
109,302 164,611

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 2,205
Trade creditors 22,626 38,100
Taxation and social security 34,118 34,759
Other creditors 26,000 17,441
92,744 102,505

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 10,833 20,833

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J Corley and Mr B Corley as they co-operate to exercise control.