Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 12768725 Mr T J May iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12768725 2023-07-31 12768725 2024-07-31 12768725 2023-08-01 2024-07-31 12768725 frs-core:CurrentFinancialInstruments 2024-07-31 12768725 frs-core:MotorVehicles 2024-07-31 12768725 frs-core:MotorVehicles 2023-08-01 2024-07-31 12768725 frs-core:MotorVehicles 2023-07-31 12768725 frs-core:PlantMachinery 2024-07-31 12768725 frs-core:PlantMachinery 2023-08-01 2024-07-31 12768725 frs-core:PlantMachinery 2023-07-31 12768725 frs-core:ShareCapital 2024-07-31 12768725 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 12768725 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12768725 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 12768725 frs-bus:SmallEntities 2023-08-01 2024-07-31 12768725 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12768725 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12768725 frs-bus:Director1 2023-08-01 2024-07-31 12768725 frs-countries:EnglandWales 2023-08-01 2024-07-31 12768725 2022-07-31 12768725 2023-07-31 12768725 2022-08-01 2023-07-31 12768725 frs-core:CurrentFinancialInstruments 2023-07-31 12768725 frs-core:ShareCapital 2023-07-31 12768725 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 12768725
City Tool and Plant Hire Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12768725
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 42,618 117,309
42,618 117,309
CURRENT ASSETS
Debtors 5 47,394 99,641
Cash at bank and in hand 111,939 184,392
159,333 284,033
Creditors: Amounts Falling Due Within One Year 6 (68,087 ) (111,389 )
NET CURRENT ASSETS (LIABILITIES) 91,246 172,644
TOTAL ASSETS LESS CURRENT LIABILITIES 133,864 289,953
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,251 ) (30,161 )
NET ASSETS 128,613 259,792
CAPITAL AND RESERVES
Called up share capital 7 5 5
Profit and Loss Account 128,608 259,787
SHAREHOLDERS' FUNDS 128,613 259,792
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For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr T J May
Director
10 January 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
City Tool and Plant Hire Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12768725 . The registered office is Unit 10 The Bridgewater Complex, Canal Street, Liverpool, Merseyside, L20 8AH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
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.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and 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 is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant and machinery 33% Straight Line
Motor vehicles 20% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts 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 the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
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2.6. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
As at 1 August 2023 314,819 - 314,819
Additions - 17,000 17,000
As at 31 July 2024 314,819 17,000 331,819
Depreciation
As at 1 August 2023 197,510 - 197,510
Provided during the period 88,291 3,400 91,691
As at 31 July 2024 285,801 3,400 289,201
Net Book Value
As at 31 July 2024 29,018 13,600 42,618
As at 1 August 2023 117,309 - 117,309
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 46,946 98,442
Other debtors 448 1,199
47,394 99,641
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 38,356 43,379
Other creditors 11,567 24,309
Taxation and social security 18,164 43,701
68,087 111,389
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7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5 5
8. Related Party Transactions
The following related party transactions were undertaken during the year:
A director introduced amounts totalling £5 (2023: £4,994) and withdrew amounts totalling £12,859 (2023: £270). At the balance sheet date the amount payable was £7,157 (2023: £20,011).
Dividends were paid to directors and shareholders in respect of their shareholdings totalling £59,900 (2023: £59,900).
The aggregate remuneration paid to key management personnel for the year was £Nil (2023: £Nil)
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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