Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-312025-05-15Hire of plant and equipment0true2023-11-01falsefalse0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12744924 2023-11-01 2024-10-31 12744924 2022-11-01 2023-10-31 12744924 2024-10-31 12744924 2023-10-31 12744924 2022-11-01 12744924 c:Director1 2023-11-01 2024-10-31 12744924 d:PlantMachinery 2023-11-01 2024-10-31 12744924 d:PlantMachinery 2024-10-31 12744924 d:PlantMachinery 2023-10-31 12744924 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 12744924 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 12744924 d:MotorVehicles 2023-11-01 2024-10-31 12744924 d:MotorVehicles 2024-10-31 12744924 d:MotorVehicles 2023-10-31 12744924 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 12744924 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 12744924 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 12744924 d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 12744924 d:CurrentFinancialInstruments 2024-10-31 12744924 d:CurrentFinancialInstruments 2023-10-31 12744924 d:Non-currentFinancialInstruments 2024-10-31 12744924 d:Non-currentFinancialInstruments 2023-10-31 12744924 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 12744924 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12744924 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 12744924 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 12744924 d:ShareCapital 2023-11-01 2024-10-31 12744924 d:ShareCapital 2024-10-31 12744924 d:ShareCapital 2023-10-31 12744924 d:ShareCapital 2022-11-01 12744924 d:CapitalRedemptionReserve 2023-11-01 2024-10-31 12744924 d:CapitalRedemptionReserve 2024-10-31 12744924 d:CapitalRedemptionReserve 2023-10-31 12744924 d:CapitalRedemptionReserve 2022-11-01 12744924 d:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 12744924 d:RetainedEarningsAccumulatedLosses 2024-10-31 12744924 d:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 12744924 d:RetainedEarningsAccumulatedLosses 2023-10-31 12744924 d:RetainedEarningsAccumulatedLosses 2022-11-01 12744924 c:FRS102 2023-11-01 2024-10-31 12744924 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12744924 c:FullAccounts 2023-11-01 2024-10-31 12744924 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12744924 d:HirePurchaseContracts d:WithinOneYear 2024-10-31 12744924 d:HirePurchaseContracts d:WithinOneYear 2023-10-31 12744924 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-10-31 12744924 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-10-31 12744924 2 2023-11-01 2024-10-31 12744924 6 2023-11-01 2024-10-31 12744924 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-10-31 12744924 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-10-31 12744924 d:LeasedAssetsHeldAsLessee 2024-10-31 12744924 d:LeasedAssetsHeldAsLessee 2023-10-31 12744924 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 12744924









PLANT HIRE (SOUTH) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

 
PLANT HIRE (SOUTH) LIMITED
REGISTERED NUMBER: 12744924

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
305,871
196,600

Investments
 5 
100
100

  
305,971
196,700

Current assets
  

Debtors: amounts falling due within one year
 6 
-
14,643

Cash at bank and in hand
 7 
26,658
506,804

  
26,658
521,447

Creditors: amounts falling due within one year
 8 
(46,118)
(16,020)

Net current (liabilities)/assets
  
 
 
(19,460)
 
 
505,427

Total assets less current liabilities
  
286,511
702,127

Creditors: amounts falling due after more than one year
 9 
(32,285)
-

  

Net assets
  
254,226
702,127


Capital and reserves
  

Called up share capital 
  
100
200

Capital redemption reserve
  
100
-

Profit and loss account
  
254,026
701,927

  
254,226
702,127


Page 1

 
PLANT HIRE (SOUTH) LIMITED
REGISTERED NUMBER: 12744924
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 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 comprehensive income 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 on 15 May 2025.




................................................
Danny Woods
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 2

 
PLANT HIRE (SOUTH) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2024


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£


At 1 November 2022
200
-
104,389
104,589


Comprehensive income for the year

Profit for the year
-
-
744,749
744,749


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(147,211)
(147,211)



At 1 November 2023
200
-
701,927
702,127


Comprehensive income for the year

Profit for the year
-
-
350,224
350,224


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(148,125)
(148,125)

Purchase of own shares
-
100
(650,000)
(649,900)

Shares redeemed during the year
(100)
-
-
(100)


Total transactions with owners
(100)
100
(798,125)
(798,125)


At 31 October 2024
100
100
254,026
254,226


The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
PLANT HIRE (SOUTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Plant Hire (South) Limited is a private company limited by share capital incorporated in England and Wales. The principal activities of the Company throughout the year was that of the hire of plant and equipment and that of a holding company.

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 following principal accounting policies have been applied:

 
2.2

Revenue

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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

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

 
2.4

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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
PLANT HIRE (SOUTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.5

Taxation

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.

 
2.6

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
reducing balance
Motor vehicles
-
15%
reducing balance

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.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

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.

Page 5

 
PLANT HIRE (SOUTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.10

Creditors

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

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023 - £Nil).

Page 6

 
PLANT HIRE (SOUTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 November 2023
150,413
98,333
248,746


Additions
104,250
76,000
180,250


Disposals
-
(20,000)
(20,000)



At 31 October 2024

254,663
154,333
408,996



Depreciation


At 1 November 2023
33,544
18,602
52,146


Charge for the year on owned assets
33,170
9,409
42,579


Charge for the year on financed assets
-
11,400
11,400


Disposals
-
(3,000)
(3,000)



At 31 October 2024

66,714
36,411
103,125



Net book value



At 31 October 2024
187,949
117,922
305,871



At 31 October 2023
116,869
79,731
196,600

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


2024
2023
£
£



Motor vehicles
64,600
-

64,600
-

Page 7

 
PLANT HIRE (SOUTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 November 2023
100



At 31 October 2024
100





6.


Debtors

2024
2023
£
£


Other debtors
-
14,643

-
14,643



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
26,658
506,804

26,658
506,804


Page 8

 
PLANT HIRE (SOUTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,543
4,992

Corporation tax
-
9,393

Other taxation and social security
6,089
-

Obligations under finance lease and hire purchase contracts
18,441
-

Other creditors
17,335
-

Accruals and deferred income
1,710
1,635

46,118
16,020


The following liabilities were secured:

2024
2023
£
£



Hire purchase contracts
18,441
-

18,441
-

Details of security provided:

The hire purchase contract liability is secured over the assets concerned.

Page 9

 
PLANT HIRE (SOUTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
32,285
-

32,285
-


The following liabilities were secured:

2024
2023
£
£



Hire purchase contracts
32,285
-

32,285
-

Details of security provided:

The hire purchase contract liability is secured over the assets concerned.


10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
18,441
-

Between 1-5 years
32,285
-

50,726
-


11.


Controlling party

The Company is controlled by the director, Danny Wood, by virtue of his shareholding as described in the director's report.

 
Page 10