IRIS Accounts Production v25.1.3.33 01023677 director 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh010236772023-09-30010236772024-09-30010236772023-10-012024-09-30010236772022-09-30010236772022-10-012023-09-30010236772023-09-3001023677ns15:EnglandWales2023-10-012024-09-3001023677ns14:PoundSterling2023-10-012024-09-3001023677ns10:Director12023-10-012024-09-3001023677ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3001023677ns10:SmallEntities2023-10-012024-09-3001023677ns10:AuditExemptWithAccountantsReport2023-10-012024-09-3001023677ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3001023677ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3001023677ns10:FullAccounts2023-10-012024-09-3001023677ns10:CompanySecretary12023-10-012024-09-3001023677ns10:RegisteredOffice2023-10-012024-09-3001023677ns5:CurrentFinancialInstruments2024-09-3001023677ns5:CurrentFinancialInstruments2023-09-3001023677ns5:Non-currentFinancialInstruments2024-09-3001023677ns5:Non-currentFinancialInstruments2023-09-3001023677ns5:ShareCapital2024-09-3001023677ns5:ShareCapital2023-09-3001023677ns5:RetainedEarningsAccumulatedLosses2024-09-3001023677ns5:RetainedEarningsAccumulatedLosses2023-09-3001023677ns5:LeaseholdImprovements2023-10-012024-09-3001023677ns5:PlantMachinery2023-10-012024-09-3001023677ns5:PlantMachinery2023-09-3001023677ns5:PlantMachinery2024-09-3001023677ns5:PlantMachinery2023-09-3001023677ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-09-3001023677ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-012024-09-3001023677ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-09-3001023677ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-09-3001023677ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-09-3001023677ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-30
REGISTERED NUMBER: 01023677 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Alco Plant Hire Limited

Alco Plant Hire Limited (Registered number: 01023677)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Alco Plant Hire Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: N J H Yates





SECRETARY: Mrs V L Yates





REGISTERED OFFICE: Unit 1 Bergland Park,
Maritime Close
Medway City Estate
Rochester
Kent
ME2 4AD





REGISTERED NUMBER: 01023677 (England and Wales)





ACCOUNTANTS: AJH Accountancy Ltd
17 The Weavers
Allington
Maidstone
Kent
ME16 0NZ

Alco Plant Hire Limited (Registered number: 01023677)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 4,429,702 4,123,830

CURRENT ASSETS
Stocks 2,200 2,200
Debtors 5 1,001,477 1,161,708
Cash in hand 308 264
1,003,985 1,164,172
CREDITORS
Amounts falling due within one year 6 1,927,282 1,786,697
NET CURRENT LIABILITIES (923,297 ) (622,525 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,506,405

3,501,305

CREDITORS
Amounts falling due after more than one
year

7

1,672,925

1,676,585
NET ASSETS 1,833,480 1,824,720

CAPITAL AND RESERVES
Called up share capital 501 501
Retained earnings 1,832,979 1,824,219
SHAREHOLDERS' FUNDS 1,833,480 1,824,720

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Alco Plant Hire Limited (Registered number: 01023677)

Balance Sheet - continued
30 September 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 2 June 2025 and were signed by:





N J H Yates - Director


Alco Plant Hire Limited (Registered number: 01023677)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Alco 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.

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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on cost
Plant and machinery - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Alco Plant Hire Limited (Registered number: 01023677)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 23 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 7,273,453
Additions 1,392,444
Disposals (647,150 )
At 30 September 2024 8,018,747
DEPRECIATION
At 1 October 2023 3,149,623
Charge for year 502,189
Eliminated on disposal (62,767 )
At 30 September 2024 3,589,045
NET BOOK VALUE
At 30 September 2024 4,429,702
At 30 September 2023 4,123,830

Alco Plant Hire Limited (Registered number: 01023677)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023 7,175,636
Additions 1,392,444
Disposals (647,150 )
At 30 September 2024 7,920,930
DEPRECIATION
At 1 October 2023 3,061,806
Charge for year 492,189
Eliminated on disposal (62,767 )
At 30 September 2024 3,491,228
NET BOOK VALUE
At 30 September 2024 4,429,702
At 30 September 2023 4,113,830

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 751,477 911,708
Other debtors 250,000 250,000
1,001,477 1,161,708

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 509,290 573,693
Finance leases 935,367 618,948
Trade creditors 176,824 445,863
Taxation and social security 305,801 148,193
1,927,282 1,786,697

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 9,192 130,967
Finance leases 1,663,733 1,545,618
1,672,925 1,676,585

Alco Plant Hire Limited

Report of the Accountants to the Director of
Alco Plant Hire Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2024 set out on pages one to three and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






AJH Accountancy Ltd
17 The Weavers
Allington
Maidstone
Kent
ME16 0NZ


2 June 2025