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REGISTERED NUMBER: 02640557 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

EUROPLANT RENTALS LIMITED

EUROPLANT RENTALS LIMITED (REGISTERED NUMBER: 02640557)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EUROPLANT RENTALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: J R Mortley





SECRETARY: D R Mortley





REGISTERED OFFICE: 2nd Floor
Medway Bridge House
1 - 8 Fairmeadow
Maidstone
Kent
ME14 1JP





REGISTERED NUMBER: 02640557 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
2nd Floor
Medway Bridge House
1-8 Fairmeadow
Maidstone
Kent
ME14 1JP

EUROPLANT RENTALS LIMITED (REGISTERED NUMBER: 02640557)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,235,429 2,420,840

CURRENT ASSETS
Stocks 5 12,850 12,850
Debtors 6 337,606 498,822
Cash at bank and in hand 648,784 673,074
999,240 1,184,746
CREDITORS
Amounts falling due within one year 7 938,040 1,037,412
NET CURRENT ASSETS 61,200 147,334
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,296,629

2,568,174

CREDITORS
Amounts falling due after more than one year 8 (526,116 ) (721,852 )

PROVISIONS FOR LIABILITIES (529,181 ) (588,245 )
NET ASSETS 1,241,332 1,258,077

CAPITAL AND RESERVES
Called up share capital 10 300 300
Retained earnings 1,241,032 1,257,777
SHAREHOLDERS' FUNDS 1,241,332 1,258,077

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

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

EUROPLANT RENTALS LIMITED (REGISTERED NUMBER: 02640557)

BALANCE SHEET - continued
31 AUGUST 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 and authorised for issue by the director and authorised for issue on 22 May 2025 and were signed by:





J R Mortley - Director


EUROPLANT RENTALS LIMITED (REGISTERED NUMBER: 02640557)

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


1. STATUTORY INFORMATION

Europlant Rentals 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.

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.

Going concern
Accounting standards requires the director to consider the appropriateness of the going concern basis when preparing the financial statements. The director confirms that he considers that the going concern basis remains appropriate. The director believes that the company has sufficient resources to continue in operational existence for the foreseeable future. The director believes this to be the case as the company has positive reserves and cash balances.

When taking account of the conditions and the current performance of the business the director believes that it is appropriate to continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Revenue is recognised when the plant hire is invoiced at the end of each month and at the cessation of the hire term.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 2% to 10% on cost
Motor vehicles - 5-7 years
Office equipment - 2% to 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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.


EUROPLANT RENTALS LIMITED (REGISTERED NUMBER: 02640557)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by the hire purchase 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 creditors net of the finance charge allocated to future periods. The finance element 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.

Pensions
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

Operating leases
Rentals under operating leases are charges to the Profit and loss account on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.

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

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 significant risk of change in value.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Creditors
Short term creditors are measured at the transaction price.

Financial reporting standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
- the requirements of Section 7 Statement of Cash Flows;
- the requirements of Section 3 Financial Statement Presentation paragraph 3.17 (d);
- the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A;
- the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.29;
- the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
- the requirements of Section 33 Related Party Disclosures paragraph 33.7.

EUROPLANT RENTALS LIMITED (REGISTERED NUMBER: 02640557)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 5,400,960 257,616 2,791 5,661,367
Additions 507,672 63,974 - 571,646
Disposals (524,073 ) (69,290 ) - (593,363 )
At 31 August 2024 5,384,559 252,300 2,791 5,639,650
DEPRECIATION
At 1 September 2023 2,982,272 255,464 2,791 3,240,527
Charge for year 584,870 7,481 - 592,351
Eliminated on disposal (359,366 ) (69,291 ) - (428,657 )
At 31 August 2024 3,207,776 193,654 2,791 3,404,221
NET BOOK VALUE
At 31 August 2024 2,176,783 58,646 - 2,235,429
At 31 August 2023 2,418,688 2,152 - 2,420,840

The net book value of assets held under finance leases or hire purchase contracts, included above is £1,836,031 (2023: £2,136,556).

5. STOCKS
2024 2023
£    £   
Stocks 12,850 12,850

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 312,106 336,998
Other debtors 25,500 161,824
337,606 498,822

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) 585,162 569,618
Trade creditors 168,103 403,193
Taxation and social security 134,529 29,750
Other creditors 40,246 24,851
938,040 1,037,412

Bank loans and overdrafts are secured by a fixed and floating charge over the assets of the company.

EUROPLANT RENTALS LIMITED (REGISTERED NUMBER: 02640557)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 8,333 18,333
Hire purchase contracts (see note 9) 517,783 703,519
526,116 721,852

Obligations under finance leases and hire purchase contracts are secured on the underlying asset.

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 585,162 569,618
Between one and five years 517,783 703,519
1,102,945 1,273,137

Non-cancellable operating leases
2024 2023
£    £   
Within one year 41,000 42,000
Between one and five years 82,000 119,000
123,000 161,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 'A' Ordinary £1 100 100
100 'B' Ordinary £1 100 100
100 'C' Ordinary £1 100 100
300 300

'B' and 'C' shares have no voting rights.

11. RELATED PARTY DISCLOSURES

Mortley Plant & Agri Ltd

Mortley Plant & Agri Ltd is a company in which Jason Mortley is a director. Jason Mortley was also a director of Europlant Rentals Limited during the period. During the period, Mortley Plant & Agri Ltd sold goods and provided services to the company totalling £15,960 (2023: £27,600). An amount of £15,960 (2023: £18,810) was owed to Mortley Plant & Agri Ltd at the balance sheet date. During the period, the company sold goods and provided services to Mortley Plant & Agri Ltd totalling £40,800 (2023: £nil). At the balance sheet date an amount of £nil (2023: £nil) was owed from Mortley Plant & Agri Ltd.