0 01/01/2024 31/12/2024 2024-12-31 false false false false false false false true false false true false false false true false true false No description of principal activities is disclosed 2024-01-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 01683887 2024-01-01 2024-12-31 01683887 2024-12-31 01683887 2023-12-31 01683887 2023-01-01 2023-12-31 01683887 2023-12-31 01683887 2022-12-31 01683887 core:PlantMachinery 2024-01-01 2024-12-31 01683887 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 01683887 core:MotorVehicles 2024-01-01 2024-12-31 01683887 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 01683887 bus:LeadAgentIfApplicable 2024-01-01 2024-12-31 01683887 bus:Director2 2024-01-01 2024-12-31 01683887 bus:Director3 2024-01-01 2024-12-31 01683887 core:LandBuildings 2023-12-31 01683887 core:PlantMachinery 2023-12-31 01683887 core:FurnitureFittingsToolsEquipment 2023-12-31 01683887 core:MotorVehicles 2023-12-31 01683887 core:LandBuildings 2024-12-31 01683887 core:PlantMachinery 2024-12-31 01683887 core:FurnitureFittingsToolsEquipment 2024-12-31 01683887 core:MotorVehicles 2024-12-31 01683887 core:DeferredTaxation 2024-01-01 2024-12-31 01683887 core:WithinOneYear 2024-12-31 01683887 core:WithinOneYear 2023-12-31 01683887 core:AfterOneYear 2024-12-31 01683887 core:AfterOneYear 2023-12-31 01683887 core:UKTax 2024-01-01 2024-12-31 01683887 core:UKTax 2023-01-01 2023-12-31 01683887 core:ShareCapital 2024-12-31 01683887 core:ShareCapital 2023-12-31 01683887 core:RetainedEarningsAccumulatedLosses 2024-12-31 01683887 core:RetainedEarningsAccumulatedLosses 2023-12-31 01683887 bus:OrdinaryShareClass1 core:ShareCapital 2024-12-31 01683887 bus:OrdinaryShareClass1 core:ShareCapital 2023-12-31 01683887 core:LandBuildings 2024-01-01 2024-12-31 01683887 core:AcceleratedTaxDepreciationDeferredTax 2024-12-31 01683887 core:AcceleratedTaxDepreciationDeferredTax 2023-12-31 01683887 core:LandBuildings 2023-12-31 01683887 core:PlantMachinery 2023-12-31 01683887 core:FurnitureFittingsToolsEquipment 2023-12-31 01683887 core:MotorVehicles 2023-12-31 01683887 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-12-31 01683887 core:LeasedAssetsHeldAsLessee core:MotorVehicles 2024-12-31 01683887 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-12-31 01683887 core:LeasedAssetsHeldAsLessee core:MotorVehicles 2023-12-31 01683887 core:DeferredTaxation 2023-12-31 01683887 core:DeferredTaxation 2024-12-31 01683887 bus:SmallEntities 2024-01-01 2024-12-31 01683887 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 01683887 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01683887 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01683887 bus:FullAccounts 2024-01-01 2024-12-31
Company registration number: 01683887
WEST DEREHAM PLANT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 December 2024
WEST DEREHAM PLANT LIMITED
Contents
Directors report
Accountant's report
Statement of financial position
Notes to the financial statements
WEST DEREHAM PLANT LIMITED
Directors report
Year ended 31 December 2024
The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2024.
Directors
The directors who served the company during the year were as follows:
Mr R E Drew
Mr N T Drew
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 25 March 2025 and signed on behalf of the board by:
Mr N T Drew
Director
WEST DEREHAM PLANT LIMITED
Report to the board of directors on the preparation of the
unaudited statutory financial statements of West Dereham Plant Limited
Year ended 31 December 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 December 2024 which comprise the statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
R M F Pola FCA
Jenemi Associates Limited
2 Low Road
Congham
Kings Lynn
Norfolk
PE32 1AE
25 March 2025
WEST DEREHAM PLANT LIMITED
Statement of financial position
31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 6 613,653 735,177
_______ _______
613,653 735,177
Current assets
Debtors 7 444,700 2,293,473
Cash at bank and in hand 725 265,408
_______ _______
445,425 2,558,881
Creditors: amounts falling due
within one year 8 ( 295,439) ( 2,150,393)
_______ _______
Net current assets 149,986 408,488
_______ _______
Total assets less current liabilities 763,639 1,143,665
Creditors: amounts falling due
after more than one year 9 ( 163,149) ( 193,211)
Provisions for liabilities 10 ( 114,778) ( 137,547)
_______ _______
Net assets 485,712 812,907
_______ _______
Capital and reserves
Called up share capital 12 8,000 8,000
Profit and loss account 477,712 804,907
_______ _______
Shareholders funds 485,712 812,907
_______ _______
For the year ending 31 December 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 25 March 2025 , and are signed on behalf of the board by:
Mr N T Drew
Director
Company registration number: 01683887
WEST DEREHAM PLANT LIMITED
Notes to the financial statements
Year ended 31 December 2024
1. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Land and buildings - Nil
Plant and machinery - 15 % reducing balance
Fittings fixtures and equipment - 15 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
3. Turnover
The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.
4. Profit before taxation
Profit before taxation is stated after charging/(crediting):
2024 2023
£ £
Depreciation of tangible assets 123,623 97,010
_______ _______
5. Tax on profit
Major components of tax expense
2024 2023
£ £
Current tax:
UK current tax expense 41,592 210,651
_______ _______
Deferred tax:
Origination and reversal of timing differences ( 22,769) 27,863
_______ _______
Tax on profit 18,823 238,514
_______ _______
6. Tangible assets
Freehold and leasehold properties Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £ £
Cost
At 1 January 2024 39,640 1,007,470 19,267 306,040 1,372,417
Additions - 2,099 - - 2,099
_______ _______ _______ _______ _______
At 31 December 2024 39,640 1,009,569 19,267 306,040 1,374,516
_______ _______ _______ _______ _______
Depreciation
At 1 January 2024 28,393 420,627 13,011 175,209 637,240
Charge for the year 1,687 88,289 939 32,708 123,623
_______ _______ _______ _______ _______
At 31 December 2024 30,080 508,916 13,950 207,917 760,863
_______ _______ _______ _______ _______
Carrying amount
At 31 December 2024 9,560 500,653 5,317 98,123 613,653
_______ _______ _______ _______ _______
At 31 December 2023 11,247 586,843 6,256 130,831 735,177
_______ _______ _______ _______ _______
Obligations under finance leases
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Plant and machinery Motor vehicles
£ £
At 31 December 2024 311,356 73,463
_______ _______
At 31 December 2023 427,934 110,168
_______ _______
7. Debtors
2024 2023
£ £
Trade debtors 438,220 2,287,290
Other debtors 6,480 6,183
_______ _______
444,700 2,293,473
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 130,695 -
Trade creditors 50,904 1,490,780
Corporation tax 41,592 210,651
Social security and other taxes 26,520 348,758
Other creditors 45,728 100,204
_______ _______
295,439 2,150,393
_______ _______
9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 163,149 193,211
_______ _______
10. Provisions
Deferred tax (note 11) Total
£ £
At 1 January 2024 137,547 137,547
Additions ( 22,769) ( 22,769)
_______ _______
At 31 December 2024 114,778 114,778
_______ _______
11. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024 2023
£ £
Included in provisions (note 10) 114,778 137,547
_______ _______
The deferred tax account consists of the tax effect of timing differences in respect of:
2024 2023
£ £
Accelerated capital allowances 114,778 137,547
_______ _______
12. Called up share capital
Authorised share capital
2024 2023
No £ No £
Ordinary shares of £ 1.00 each 8,000 8,000 8,000 8,000
_______ _______ _______ _______
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary shares of £ 1.00 each 8,000 8,000 8,000 8,000
_______ _______ _______ _______