Caseware UK (AP4) 2024.0.164 2024.0.164 2025-05-082025-05-07false22023-09-01falseThe principal activity of the company is the renting and leasing of civil engineering machinery and equipment2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrue 12182381 2023-09-01 2024-08-31 12182381 2022-09-01 2023-08-31 12182381 2024-08-31 12182381 2023-08-31 12182381 c:Director1 2023-09-01 2024-08-31 12182381 d:PlantMachinery 2023-09-01 2024-08-31 12182381 d:PlantMachinery 2024-08-31 12182381 d:PlantMachinery 2023-08-31 12182381 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 12182381 d:MotorVehicles 2023-09-01 2024-08-31 12182381 d:MotorVehicles 2024-08-31 12182381 d:MotorVehicles 2023-08-31 12182381 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 12182381 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 12182381 d:CurrentFinancialInstruments 2024-08-31 12182381 d:CurrentFinancialInstruments 2023-08-31 12182381 d:Non-currentFinancialInstruments 2024-08-31 12182381 d:Non-currentFinancialInstruments 2023-08-31 12182381 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 12182381 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 12182381 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 12182381 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 12182381 d:ShareCapital 2024-08-31 12182381 d:ShareCapital 2023-08-31 12182381 d:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 12182381 d:RetainedEarningsAccumulatedLosses 2024-08-31 12182381 d:RetainedEarningsAccumulatedLosses 2023-08-31 12182381 d:AcceleratedTaxDepreciationDeferredTax 2024-08-31 12182381 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 12182381 c:FRS102 2023-09-01 2024-08-31 12182381 c:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 12182381 c:FullAccounts 2023-09-01 2024-08-31 12182381 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12182381 d:HirePurchaseContracts d:WithinOneYear 2024-08-31 12182381 d:HirePurchaseContracts d:WithinOneYear 2023-08-31 12182381 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-08-31 12182381 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-08-31 12182381 2 2023-09-01 2024-08-31 12182381 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-08-31 12182381 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-08-31 12182381 d:LeasedAssetsHeldAsLessee 2024-08-31 12182381 d:LeasedAssetsHeldAsLessee 2023-08-31 12182381 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 12182381










George Newman Plant Limited








Unaudited

Directors' Report and Financial Statements

Information for filing with the registrar

For the year ended 31 August 2024

 
George Newman Plant Limited
 
  
Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of George Newman Plant Limited for the year ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of George Newman Plant Limited for the year ended 31 August 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of George Newman Plant Limited in accordance with the terms of our engagement letter dated 11 April 2024Our work has been undertaken solely to prepare for your approval the financial statements of George Newman Plant Limited and state those matters that we have agreed to state to the director of George Newman Plant Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than George Newman Plant Limited and its director for our work or for this report. 

It is your duty to ensure that George Newman Plant Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of George Newman Plant Limited. You consider that George Newman Plant Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of George Newman Plant Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Springfield Road
Springfield Road
West Sussex
RH12 2RG
8 May 2025
Page 1

 
George Newman Plant Limited
Registered number: 12182381

Balance sheet
As at 31 August 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
850,737
7,267

  
850,737
7,267

Current assets
  

Debtors: amounts falling due within one year
 5 
311,200
207,238

Cash at bank and in hand
  
43,212
24,682

  
354,412
231,920

Creditors: amounts falling due within one year
 6 
(275,131)
(62,570)

Net current assets
  
 
 
79,281
 
 
169,350

Total assets less current liabilities
  
930,018
176,617

Creditors: amounts falling due after more than one year
 7 
(507,210)
-

Provisions for liabilities
  

Deferred tax
 9 
(110,892)
(1,817)

  
 
 
(110,892)
 
 
(1,817)

Net assets
  
311,916
174,800


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
 10 
311,914
174,798

  
311,916
174,800


Page 2

 
George Newman Plant Limited
Registered number: 12182381

Balance sheet (continued)
As at 31 August 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with 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 by: 



................................................
M E George
Director
Date: 7 May 2025

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
George Newman Plant Limited
 

 
Notes to the financial statements
For the year ended 31 August 2024

1.


General information

George Newman Plant Limited is a private company, limited by share capital, incorporated in England & Wales. Its registered office address is: Apollo House, Minerva Business Park, Lynch Wood, Peterborough, PE2 6QR.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in Sterling and rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue from a contract to provide services is recognised in the period in which the services are provided. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4

 
George Newman Plant Limited
 

 
Notes to the financial statements
For the year ended 31 August 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
36 - 60 months
Motor vehicles
-
60 months

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.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
George Newman Plant Limited
 

 
Notes to the financial statements
For the year ended 31 August 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 September 2023
621,200
-
621,200


Additions
794,442
71,518
865,960



At 31 August 2024

1,415,642
71,518
1,487,160



Depreciation


At 1 September 2023
613,933
-
613,933


Charge for the year on owned assets
20,710
1,780
22,490



At 31 August 2024

634,643
1,780
636,423



Net book value



At 31 August 2024
780,999
69,738
850,737



At 31 August 2023
7,267
-
7,267

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
758,333
-

758,333
-

Page 6

 
George Newman Plant Limited
 

 
Notes to the financial statements
For the year ended 31 August 2024

5.


Debtors

2024
2023
£
£


Trade debtors
91,721
206,267

Other debtors
212,936
2

Prepayments and accrued income
6,543
969

311,200
207,238



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
19,664
3,715

Corporation tax
-
51,686

Other taxation and social security
-
4,019

Obligations under finance lease and hire purchase contracts
252,163
-

Accruals and deferred income
3,304
3,150

275,131
62,570



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
507,210
-

507,210
-



8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
252,163
-

Between 1-5 years
507,210
-

759,373
-

Page 7

 
George Newman Plant Limited
 

 
Notes to the financial statements
For the year ended 31 August 2024

9.


Deferred taxation




2024


£






At beginning of year
(1,817)


Charged to the profit or loss
(109,075)



At end of year
(110,892)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(110,892)
(1,817)

(110,892)
(1,817)


10.


Reserves

Profit and loss account

The profit and loss account comprises the company's cumulative profits, net of dividends declared.


Page 8