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REGISTERED NUMBER: 05498512 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 July 2024

for

N E DAVIS PLANT HIRE LIMITED

N E DAVIS PLANT HIRE LIMITED (REGISTERED NUMBER: 05498512)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N E DAVIS PLANT HIRE LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Neil Eon Davis
Claire Elaine Davis





SECRETARY: Claire Elaine Davis





REGISTERED OFFICE: Evergreen
Rise Road
SKIRLAUGH
Kingston Upon Hull
East Yorkshire
HU11 5BH





REGISTERED NUMBER: 05498512 (England and Wales)





ACCOUNTANTS: G & C Professionals Limited
trading as Graham & Company
Chartered Certified Accountants
Cleveland House
1-10 Sitwell Street
KINGSTON UPON HULL
East Yorkshire
HU8 7BE

N E DAVIS PLANT HIRE LIMITED (REGISTERED NUMBER: 05498512)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 203,987 86,453

CURRENT ASSETS
Stocks 5 600 3,400
Debtors 6 14,640 7,803
Cash at bank 98,679 115,236
113,919 126,439
CREDITORS
Amounts falling due within one year 7 30,129 35,195
NET CURRENT ASSETS 83,790 91,244
TOTAL ASSETS LESS CURRENT
LIABILITIES

287,777

177,697

CREDITORS
Amounts falling due after more than one
year

8

(34,354

)

(6,498

)

PROVISIONS FOR LIABILITIES 9 (50,997 ) (17,291 )
NET ASSETS 202,426 153,908

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 202,326 153,808
SHAREHOLDERS' FUNDS 202,426 153,908

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

N E DAVIS PLANT HIRE LIMITED (REGISTERED NUMBER: 05498512)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:




Neil Eon Davis - Director



Claire Elaine Davis - Director


N E DAVIS PLANT HIRE LIMITED (REGISTERED NUMBER: 05498512)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

N E DAVIS PLANT HIRE 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 represents net invoiced sales of goods and services, excluding value added tax.

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.
Plant and machinery - 15% on cost
Motor vehicles - 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

N E DAVIS PLANT HIRE LIMITED (REGISTERED NUMBER: 05498512)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2023 257,831 35,062 292,893
Additions 152,250 - 152,250
Disposals (91,750 ) - (91,750 )
At 31 July 2024 318,331 35,062 353,393
DEPRECIATION
At 1 August 2023 192,970 13,470 206,440
Charge for year 29,534 5,182 34,716
Eliminated on disposal (91,750 ) - (91,750 )
At 31 July 2024 130,754 18,652 149,406
NET BOOK VALUE
At 31 July 2024 187,577 16,410 203,987
At 31 July 2023 64,861 21,592 86,453

N E DAVIS PLANT HIRE LIMITED (REGISTERED NUMBER: 05498512)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 August 2023 98,000
Additions 108,500
At 31 July 2024 206,500
DEPRECIATION
At 1 August 2023 47,163
Charge for year 21,481
At 31 July 2024 68,644
NET BOOK VALUE
At 31 July 2024 137,856
At 31 July 2023 50,837

5. STOCKS
2024 2023
£    £   
Fuel and spares 600 3,400

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,584 4,779
Prepayments 4,056 3,024
14,640 7,803

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 15,355 6,718
Trade creditors 3,093 4,762
Corporation tax 4,619 18,472
Social security and other taxes 300 200
VAT 5,303 3,188
Directors' loan accounts 259 715
Accrued expenses 1,200 1,140
30,129 35,195

N E DAVIS PLANT HIRE LIMITED (REGISTERED NUMBER: 05498512)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 34,354 6,498

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 50,997 17,291

Deferred
tax
£   
Balance at 1 August 2023 17,291
Timing differences 33,706
Balance at 31 July 2024 50,997

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

11. RESERVES
Retained
earnings
£   

At 1 August 2023 153,808
Profit for the year 103,518
Dividends (55,000 )
At 31 July 2024 202,326