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Company Registration No. 05898287 (England and Wales)







TOUREEN PLANT LIMITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024




































Riordan O'Sullivan & Co
Chartered Certified Accountants and Statutory Auditors 
40 Chamberlayne Road
London
NW10 3JE

 
TOUREEN PLANT LIMITED
 
 
COMPANY INFORMATION


Director
Denis Nolan 




Company secretary
Daniel Nolan



Company number
05898287



Registered office
25 Cecil Road

Harrow

Middlesex

HA3 5QY




Independent auditors
Riordan O'Sullivan & Co
Chartered Certified Accountants and Statutory Auditors

40 Chamberlayne Road

London

NW10 3JE




Bankers
NatWest
250 Bishopsgate

London

EC2M 4AA





 
TOUREEN PLANT LIMITED
 

CONTENTS



Page
Director's Report
 
 
1 - 2
Independent Auditors' Report
 
 
3 - 6
Profit and Loss Account
 
 
7
Balance Sheet
 
 
8
Notes to the Financial Statements
 
 
9 - 18


 
TOUREEN PLANT LIMITED
 
 
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 JULY 2024

The director presents his report and the financial statements for the year ended 31 July 2024.

Director's responsibilities statement

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

 In preparing these financial statements, the director is required to:


select suitable accounting policies for the company's financial statements and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable him to ensure that the financial statements comply with the Companies Act 2006He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Principal activity

The principal activity of the company is the provision of plant hire and related services to the construction industry.

Director

The director who served during the year was:

Denis Nolan 

Disclosure of information to auditors

The director at the time when this Director's Report is approved has confirmed that:
 
so far as he is aware, there is no relevant audit information of which the company's auditors are unaware, and

he has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Auditors

Under section 487(2) of the Companies Act 2006Riordan O'Sullivan & Co, Chartered Certified Accountants and Statutory Auditors, are deemed to be reappointed as auditors.

Page 1

 
TOUREEN PLANT LIMITED
 
 
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024

Small companies note

In preparing this report, the director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 14 April 2025 and signed on its behalf.
 





___________________________
Denis Nolan
Director

Page 2

 
TOUREEN PLANT LIMITED
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TOUREEN PLANT LIMITED
 

Opinion


We have audited the financial statements of Toureen Plant Limited (the 'company') for the year ended 31 July 2024, which comprise the Profit and Loss Account, the Balance Sheet and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the company's affairs as at 31 July 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The director is responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Page 3

 
TOUREEN PLANT LIMITED
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TOUREEN PLANT LIMITED (CONTINUED)

Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Director's Report has been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Director's Report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of director's remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Director's Report and from the requirement to prepare a Strategic Report.


Responsibilities of directors
 

As explained more fully in the Director's Responsibilities Statement set out on page 1, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or have no realistic alternative but to do so.


Page 4

 
TOUREEN PLANT LIMITED
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TOUREEN PLANT LIMITED (CONTINUED)

Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, through discussions with directors and senior management and from our commercial knowledge and experience of the plant hire and construction industry.
We focused on specific laws and regulations which we considered may have a material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation.
We assessed the extent of compliance with these laws and regulations through discussions and enquiry with directors and senior management. 
We assessed the susceptibility of the company’s financial statements to material misstatement, including how fraud might occur.
We considered the financial controls in place to mitigate risks of fraud and error, including the risk of management bias or override. We tested the appropriateness of journal entries that appeared unusual as to nature or amount.
Our audit procedures were designed to respond to the risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment or collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations are from financial transactions, the less likely we are to become aware of it.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.


Page 5

 
TOUREEN PLANT LIMITED
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TOUREEN PLANT LIMITED (CONTINUED)

Use of our report
 

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our audit work, for this report, or for the opinions we have formed.






Patrick McNamara (Senior Statutory Auditor)
for and on behalf of
Riordan O'Sullivan & Co
Chartered Certified Accountants and Statutory Auditors
40 Chamberlayne Road
London
NW10 3JE

14 April 2025
Page 6

 
TOUREEN PLANT LIMITED
 
 
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JULY 2024

2024
2023
Note
£
£

Gross profit
  
4,512,200
3,897,688

Administrative expenses
  
(1,689,171)
(1,306,373)

Other interest receivable and similar income
  
-
204

Interest payable and similar expenses
  
(403,092)
(133,450)

Profit before taxation
  
2,419,937
2,458,069

Taxation on profit
 6 
(604,336)
(541,807)

Profit for the year
  
1,815,601
1,916,262

Page 7

 
TOUREEN PLANT LIMITED
REGISTERED NUMBER:05898287

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 7 
72,317
96,422

Tangible assets
 8 
8,139,103
8,671,040

  
8,211,420
8,767,462

Current assets
  

Stocks
  
242,659
404,432

Debtors
 9 
1,231,940
2,942,412

Cash at bank and in hand
  
1,362,304
1,187,205

  
2,836,903
4,534,049

Creditors: amounts falling due within one year
 10 
(5,544,243)
(5,017,109)

Net current liabilities
  
 
 
(2,707,340)
 
 
(483,060)

Total assets less current liabilities
  
5,504,080
8,284,402

Creditors: amounts falling due after more than one year
 11 
-
(2,966,779)

Provisions for liabilities
  

Deferred tax
 12 
(729,471)
(658,615)

  
 
 
(729,471)
 
 
(658,615)

Net assets
  
4,774,609
4,659,008


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
4,774,607
4,659,006

  
4,774,609
4,659,008


The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 April 2025.




___________________________
Denis Nolan
Director

Page 8

 
TOUREEN PLANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Toureen Plant Limited is a private company limited by shares incorporated in England and Wales. The registered office is 25 Cecil Road, Harrow, Middlesex, HA3 5QY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Turnover

Turnover is recognised at the fair value of the consideration received or receivable excluding value added taxes. Turnover from plant hire is recognised on a straight line basis over the period of the rental contract.

 
2.4

Leases

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase 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 profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 9

 
TOUREEN PLANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.5

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expenses that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing differences arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. 

 
2.6

Intangible assets

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its useful economic life.

 
2.7

Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and impairment losses.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15% - 25% reducing balance
Motor vehicles
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.8

Impairment of fixed assets

The carrying values of tangible fixed assets are reviewed and adjusted for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Page 10

 
TOUREEN PLANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost includes direct costs and any overheads that have been incurred in bringing the stocks to their present location and condition.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

  
2.10

Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

 
2.11

Pensions

The company operates a defined contribution plan for its employees. 
The contributions are recognised as an expense in the Profit and Loss Account when they fall due. Amounts not paid are shown as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.12

Foreign currency translation

Transactions in currencies other than pound sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.

 
2.13

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company. 


3.


Operating profit

The operating profit is stated after charging:

2024
2023
£
£

Exchange differences
7
3,093

Other operating lease rentals
887,752
552,890

Depreciation of tangible fixed assets
2,034,601
2,048,172

Amortisation of intangible fixed assets
24,105
24,105

Page 11

 
TOUREEN PLANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Auditors' remuneration

2024
2023
£
£



Fees payable for audit services
10,500
10,500


5.


Employees

The average monthly number of employees, including directors, during the year was 14 (2023 - 14).



6.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
534,229
415,298

Adjustments in respect of previous periods
(749)
-

Total current tax
533,480
415,298

Deferred tax


Origination and reversal of timing differences
70,856
126,509

Taxation on profit on ordinary activities
 
604,336
 
541,807
Page 12

 
TOUREEN PLANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
 
6.Taxation (continued)


Factors affecting tax charge for the year

The tax assessed for the year is lower than (2023 - lower than) the standard rate of corporation tax in the UK of25% (2023 -25%). The differences are explained below:

2024
2023
£
£


Profit on ordinary activities before tax
2,419,937
2,458,069


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 25%)
604,984
614,517

Effects of:


Expenses not deductible for tax purposes
676
384

Difference in capital allowances and depreciation
(12,324)
(61,303)

Adjustments to tax charge in respect of prior periods
(749)
-

Adjustments on pension contributions
(66)
(145)

Profit on disposal of fixed assets
(59,041)
(59,180)

Origination and reversal of timing differences
70,856
126,509

Effect of change in tax rate
-
(78,975)

Total tax charge for the year
604,336
541,807

Page 13

 
TOUREEN PLANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.


Intangible assets




Goodwill

£



Cost


At 1 August 2023
482,102



At 31 July 2024

482,102



Amortisation


At 1 August 2023
385,680


Charge for the year
24,105



At 31 July 2024

409,785



Net book value



At 31 July 2024
72,317



At 31 July 2023
96,422



Page 14

 
TOUREEN PLANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

8.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 August 2023
21,237,262
719,932
21,957,194


Additions
1,641,901
82,296
1,724,197


Disposals
(1,314,805)
(97,697)
(1,412,502)



At 31 July 2024

21,564,358
704,531
22,268,889



Depreciation


At 1 August 2023
12,987,899
298,255
13,286,154


Charge for the year
1,935,026
99,575
2,034,601


Disposals
(1,104,682)
(86,287)
(1,190,969)



At 31 July 2024

13,818,243
311,543
14,129,786



Net book value



At 31 July 2024
7,746,115
392,988
8,139,103



At 31 July 2023
8,249,363
421,677
8,671,040

Included within the net book value is £Nil (2023: £4,644,421) relating to assets held under finance lease agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £Nil (2023: £1,240,244). 

Page 15

 
TOUREEN PLANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

9.


Debtors

2024
2023
£
£

Trade debtors
14,775
12,037

Amounts owed by group undertakings
607,610
2,578,127

Amounts owed by related undertakings
25,423
1,786

Other debtors
400,390
169,639

Prepayments
183,742
180,823

1,231,940
2,942,412


The amounts owed by group and related undertakings are interest-free, unsecured and repayable on demand.
Other debtors include VAT recoverable of £218,295 (2023: £161,289).


10.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,295,845
241,049

Amounts owed to group undertakings
3,920,505
2,374,799

Corporation tax
74,840
300,601

Other taxation and social security
14,836
17,729

Obligations under finance lease and hire purchase contracts
-
1,850,731

Other creditors
8,420
10,264

Accruals
229,797
221,936

5,544,243
5,017,109


The amounts owed to group undertakings are interest-free, unsecured and payable on demand.


11.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Obligations under finance leases and hire purchase contracts
-
2,966,779


The hire purchase agreements are secured on the assets to which they relate and by way of a cross guarantee provided by the parent company and fellow subsidiaries.

Page 16

 
TOUREEN PLANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

12.


Deferred taxation




2024
2023


£

£



At beginning of year
658,615
532,106


Charged to profit and loss
70,856
126,509



At end of year
729,471
658,615

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
729,471
658,615


13.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
-
1,850,731

Between 1-5 years
-
2,966,779

-
4,817,510


14.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £15,795 (2023: £15,714). Contributions totalling £186 (2023: £449) were payable to the fund at the balance sheet date and are included in creditors. 

Page 17

 
TOUREEN PLANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

15.


Commitments under operating leases

At 31 July 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
560,000
700,000

Later than 1 year and not later than 5 years
1,541,667
2,061,667

2,101,667
2,761,667


16.


Related party transactions

a)  Group companies
The company has taken advantage of the exemption available in accordance with Financial Reporting Standard 102, Section 33.1A, ‘Related Party Disclosures’ not to disclose transactions entered and outstanding balances between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.
b)  Other related undertakings
The company is related to Toureen Properties Limited and Toureen Retail Limited by virtue of common directors. 
During the year, the company entered into the following transactions with related parties:
Sale of plant and equipment hire - £99,756 (2023: £98,311).
Purchase of services - £2,056 (2023: £31,164).
Rent payable - £577,323 (2023: £270,000).
c)  Transactions with directors
During the year, Denis Nolan charged the company rent of £250,000 (2023: £250,000) for the use of land and premises, on a normal commercial basis.


17.


Post balance sheet event

There were no events since the year end which materially affected the company.


18.


Parent undertaking

Toureen Group Limited is the immediate parent undertaking. The ultimate parent company is TGL Holdings Limited.
The consolidated accounts of the ultimate parent company TGL Holdings Limited, can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

 
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