Registered number
04286606
T McFadden Plant Limited
Report and Unaudited Accounts
31 December 2024
T McFadden Plant Limited
Registered number: 04286606
Director's Report
The director presents his report and accounts for the year ended 31 December 2024.
Principal activities
The company's principal activity during the year continued to be that of Plant Hire.
Directors
The following persons served as directors during the year:
T McFadden
Mrs P McFadden
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 4 June 2025 and signed on its behalf.
Tony McFadden
Director
T McFadden Plant Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of T McFadden Plant Limited for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of T McFadden Plant Limited for the year ended 31 December 2024 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity 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, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
YG Eaton & Co Limited
Chartered Accountants
45 Shaftesbury Avenue
Kenton
Harrow
Middx
HA3 0RA
4 June 2025
T McFadden Plant Limited
Profit and Loss Account
for the year ended 31 December 2024
2024 2023
£ £
Turnover 2,886,059 2,817,656
Cost of sales (2,189,475) (2,241,255)
Gross profit 696,584 576,401
Depreciation (485,915) (360,552)
Administrative expenses (186,482) (210,807)
Other operating income - 63,542
Operating profit 24,187 68,584
(Loss)/profit on the disposal of tangible fixed assets (60,311) 31,917
(Loss)/profit before taxation (36,124) 100,501
-
Tax on (loss)/profit (102,610) (31,971)
(Loss)/profit for the financial year (138,734) 68,530
T McFadden Plant Limited
Registered number: 04286606
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,943,660 1,442,215
Current assets
Stocks 10,500 10,540
Debtors 170,750 431,164
Cash at bank and in hand 86,077 332,545
267,327 774,249
Creditors: amounts falling due within one year 5 (356,539) (213,282)
Net current (liabilities)/assets (89,212) 560,967
Total assets less current liabilities 1,854,448 2,003,182
Net assets 1,854,448 2,003,182
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 2,002,182
1,853,448
Shareholder's funds 1,854,448 2,003,182
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Tony McFadden
Director
Approved by the board on 4 June 2025
T McFadden Plant Limited
Statement of Changes in Equity
for the year ended 31 December 2024
Share Profit Total
capital and loss
account
£ £ £
At 1 January 2024 1,000 2,002,182 2,003,182
Loss for the financial year (138,734) (138,734)
Dividends (10,000) (10,000)
At 31 December 2024 1,000 1,853,448 1,854,448
T McFadden Plant Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles 20% reducing Balance
Plant and machinery 20% reducing Balance
Fixtures, fittings, tools and equipment 20% reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Office Equip Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 15721 2,624,379 302,852 2,942,952
Additions 1,024,768 - 1,024,768
Disposals (69,620) (6,000) (75,620)
At 31 December 2024 15721 3,579,527 296,852 3,892,100
Depreciation
At 1 January 2024 15093 1,403,815 81,829 1,500,737
On Disposals (32,212) (6,000) (38,212)
Charge for the year 126 441,585 44,204 485,915
At 31 December 2024 15219 1,813,188 120,033 1,948,440
Net book value
At 31 December 2024 502 1,766,339 176,819 1,943,660
At 31 December 2023 628 1,220,564 221,023 1,442,215
Debtors 2024 2023
£ £
Trade debtors 167,922 431,164
Other debtors 2,828 -
170,750 431,164
5 Creditors: amounts falling due within one year 2024 2023
£ £
Company credit card 812 985
Trade creditors 147,552 107,731
Taxation and social security costs 151,073 98,869
Other creditors 57,102 5,697
356,539 213,282
6 Other information
T McFadden Plant Limited is a private company limited by shares and incorporated in England. Its registered office is:
19 The Rise
Edgware
Middlesex
HA8 8NS
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