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REGISTERED NUMBER: 06731843 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

G K PLANT HIRE LTD

G K PLANT HIRE LTD (REGISTERED NUMBER: 06731843)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Balance sheet 1

Notes to the financial statements 2


G K PLANT HIRE LTD (REGISTERED NUMBER: 06731843)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 207,519 190,702
207,519 190,702

Current assets
Debtors 6 12,438 8,780
Cash at bank 107,618 236,772
120,056 245,552
Creditors
Amounts falling due within one year 7 34,881 77,825
Net current assets 85,175 167,727
Total assets less current liabilities 292,694 358,429

Provisions for liabilities 8 39,429 41,954
Net assets 253,265 316,475

Capital and reserves
Called up share capital 9 100 100
Retained earnings 253,165 316,375
Shareholders' funds 253,265 316,475

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

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

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 comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:



Mr G Kempster - Director


G K PLANT HIRE LTD (REGISTERED NUMBER: 06731843)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. Statutory information

G K Plant Hire Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06731843. The registered office is 7 & 8 Church Street Wimborne, Dorset, BH21 1JH and business address is 16 Holland Way, Blandford, Dorset, DT11 7RU.

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 amounts receivable, excluding value added tax, in respect of services provided in the ordinary course of business. Turnover is recognised when the service has been provided to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business, in 2008 has been fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 taxation
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

G K PLANT HIRE LTD (REGISTERED NUMBER: 06731843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. Employees and directors

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

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 January 2024
and 31 December 2024 10,000
Amortisation
At 1 January 2024
and 31 December 2024 10,000
Net book value
At 31 December 2024 -
At 31 December 2023 -

5. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 January 2024 354,087 137,661 2,981 494,729
Additions 46,238 39,752 - 85,990
At 31 December 2024 400,325 177,413 2,981 580,719
Depreciation
At 1 January 2024 196,015 106,187 1,825 304,027
Charge for year 51,078 17,806 289 69,173
At 31 December 2024 247,093 123,993 2,114 373,200
Net book value
At 31 December 2024 153,232 53,420 867 207,519
At 31 December 2023 158,072 31,474 1,156 190,702

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 1,000 8,780
Tax 11,438 -
12,438 8,780

G K PLANT HIRE LTD (REGISTERED NUMBER: 06731843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 1,327 1,260
Tax - 23,409
Social security and other taxes 340 1,400
VAT 7,559 16,237
Directors' current accounts 21,686 31,754
Accruals and deferred income 3,969 3,765
34,881 77,825

8. Provisions for liabilities
2024 2023
£    £   
Deferred tax 39,429 41,954

Deferred
tax
£   
Balance at 1 January 2024 41,954
Credit to Income statement during year (2,525 )
Balance at 31 December 2024 39,429

9. Called up share capital

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

10. Ultimate controlling party

The company is controlled by the director Mr G Kempster, owning 75% of the issued share capital.