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REGISTERED NUMBER: 05741917 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

STUART PLANT HIRE LIMITED

STUART PLANT HIRE LIMITED (REGISTERED NUMBER: 05741917)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STUART PLANT HIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: S J Stuart





REGISTERED OFFICE: Twin Lakes Industrial Park
Bretherton Road
Croston
Leyland
Lancashire
PR26 9RF





REGISTERED NUMBER: 05741917 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

STUART PLANT HIRE LIMITED (REGISTERED NUMBER: 05741917)

BALANCE SHEET
31 MAY 2024

31/5/24 31/5/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 360,900 413,831

CURRENT ASSETS
Stocks 50,000 50,000
Debtors 5 342,517 455,117
Cash at bank 568,162 547,066
960,679 1,052,183
CREDITORS
Amounts falling due within one year 6 611,951 644,720
NET CURRENT ASSETS 348,728 407,463
TOTAL ASSETS LESS CURRENT
LIABILITIES

709,628

821,294

CREDITORS
Amounts falling due after more than one
year

7

(11,557

)

(133,721

)

PROVISIONS FOR LIABILITIES (75,974 ) (87,536 )
NET ASSETS 622,097 600,037

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 621,997 599,937
SHAREHOLDERS' FUNDS 622,097 600,037

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

STUART PLANT HIRE LIMITED (REGISTERED NUMBER: 05741917)

BALANCE SHEET - continued
31 MAY 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 director and authorised for issue on 5 March 2025 and were signed by:





S J Stuart - Director


STUART PLANT HIRE LIMITED (REGISTERED NUMBER: 05741917)

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

1. STATUTORY INFORMATION

Stuart 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

The director considers that plant & machinery should be depreciated at 10% on a reducing balance basis rather than 20%. This change in accounting estimate is necessary to more accurately reflect the useful economic life of such assets.


Plant and machinery - 10% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


STUART PLANT HIRE LIMITED (REGISTERED NUMBER: 05741917)

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

2. ACCOUNTING POLICIES - continued
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.

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.

Going concern
The Director believes that the company has sufficient trade and financial resources to continue in operational existence for the foreseeable future. Thus the going concern basis of accounting in preparing the annual financial statements has been adopted.

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 June 2023
and 31 May 2024 830,610 138,178 968,788
DEPRECIATION
At 1 June 2023 493,770 61,187 554,957
Charge for year 33,684 19,247 52,931
At 31 May 2024 527,454 80,434 607,888
NET BOOK VALUE
At 31 May 2024 303,156 57,744 360,900
At 31 May 2023 336,840 76,991 413,831

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 119,772 267,416
Other debtors 106,808 104,608
Directors' current accounts 27,613 -
VAT 87,157 83,093
Prepayments 1,167 -
342,517 455,117

STUART PLANT HIRE LIMITED (REGISTERED NUMBER: 05741917)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts 63,333 63,333
Hire purchase contracts 58,831 82,694
Trade creditors 372,408 353,918
Tax 78,216 46,615
Social security and other taxes 16,659 5,067
Other creditors 407 -
Directors' current accounts - 13,393
Accrued expenses 22,097 79,700
611,951 644,720

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Bank loans - 1-2 years - 63,333
Hire purchase contracts 11,557 70,388
11,557 133,721

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/24 31/5/23
value: £    £   
100 Ordinary £1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31/5/24 31/5/23
£    £   
S J Stuart
Balance outstanding at start of year (13,393 ) (18,107 )
Amounts advanced 90,106 56,618
Amounts repaid (49,100 ) (51,904 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,613 (13,393 )

Interest is charged on the director's loan account at 2.25% per annum.