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Registration number: 10441242

P & A Luker Hire Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2024

image-name

Chartered Accountants

 

P & A Luker Hire Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

P & A Luker Hire Limited

Company Information

Directors

Mr P Luker

Mr A Luker

Mrs K Luker

Registered office

White Doves
Chalk Pit Lane
Wool
Dorset
BH20 6DW

Accountants

Edwards and Keeping Limited
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
P & A Luker Hire Limitedfor the Year Ended 31 October 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of P & A Luker Hire Limited for the year ended 31 October 2024 as set out on pages 3 to 8 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
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of P & A Luker Hire Limited, as a body, in accordance with the terms of our engagement letter dated 10 April 2025. Our work has been undertaken solely to prepare for your approval the accounts of P & A Luker Hire Limited and state those matters that we have agreed to state to the Board of Directors of P & A Luker Hire Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P & A Luker Hire Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that P & A Luker Hire Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of P & A Luker Hire Limited. You consider that P & A Luker Hire Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of P & A Luker Hire 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 accounts.






Edwards and Keeping Limited
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

30 April 2025

 

P & A Luker Hire Limited

(Registration number: 10441242)
Balance Sheet as at 31 October 2024

Note

2024

2023

   

£

£

£

£

Fixed assets

   

 

Tangible assets

4

 

86,050

 

96,240

Current assets

   

 

Debtors

5

18,273

 

33,719

 

Cash at bank and in hand

 

22,095

 

41,611

 

 

40,368

 

75,330

 

Creditors: Amounts falling due within one year

6

(64,802)

 

(65,663)

 

Net current (liabilities)/assets

   

(24,434)

 

9,667

Total assets less current liabilities

   

61,616

 

105,907

Creditors: Amounts falling due after more than one year

6

 

(33,082)

 

(60,198)

Net assets

   

28,534

 

45,709

Capital and reserves

   

 

Called up share capital

5

 

5

 

Profit and loss account

28,529

 

45,704

 

Total equity

   

28,534

 

45,709

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 April 2025 and signed on its behalf by:
 



Mr P Luker
Director

 

P & A Luker Hire Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
White Doves
Chalk Pit Lane
Wool
Dorset
BH20 6DW

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. At the balance sheet date, the company reported net current liabilities to which the directors confirm they will continue to support the company to meet its debts as they fall due.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance basis

Office equipment

25% straight line basis

Plant and machinery

20% reducing balance basis

 

P & A Luker Hire Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

P & A Luker Hire Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 4).

 

P & A Luker Hire Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2024

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2023

2,391

1,821

229,295

233,507

Additions

-

-

23,490

23,490

Disposals

-

-

(11,795)

(11,795)

At 31 October 2024

2,391

1,821

240,990

245,202

Depreciation

At 1 November 2023

1,641

1,748

133,876

137,265

Charge for the year

150

73

28,483

28,706

Eliminated on disposal

-

-

(6,819)

(6,819)

At 31 October 2024

1,791

1,821

155,540

159,152

Carrying amount

At 31 October 2024

600

-

85,450

86,050

At 31 October 2023

749

72

95,419

96,240

5

Debtors

Current

2024
£

2023
£

Trade debtors

16,560

31,233

Prepayments

1,713

1,486

Other debtors

-

1,000

 

18,273

33,719

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

7

27,059

25,506

trade creditors

 

2,995

2,552

Taxation and social security

 

5,982

13,581

Other creditors

 

28,766

24,024

 

64,802

65,663

Due after one year

 

Loans and borrowings

7

33,082

60,198

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

33,082

60,198

 

P & A Luker Hire Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2024

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Finance lease liabilities

26,446

42,857

Other borrowings

6,636

17,341

33,082

60,198

Current loans and borrowings

2024
£

2023
£

Finance lease liabilities

16,411

15,498

Other borrowings

10,648

10,008

27,059

25,506