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REGISTERED NUMBER: 01446823 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Elmswell Plant Hire Limited

Elmswell Plant Hire Limited (Registered number: 01446823)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Elmswell Plant Hire Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: C P McAteer
M M McAteer



SECRETARY: M M McAteer



REGISTERED OFFICE: Ghia, Eastwood Lane
Ashfield Road
Elmswell
Bury St Edmunds
Suffolk
IP30 9HL



REGISTERED NUMBER: 01446823 (England and Wales)



ACCOUNTANTS: Knights Lowe
The Barn
11 Bury Road
Thetford
Norfolk
IP24 3PJ



BANKERS: Lloyds TSB
9 Buttermarket
Bury St Edmunds
Suffolk
IP33 1DF

Elmswell Plant Hire Limited (Registered number: 01446823)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,447 36,047

CURRENT ASSETS
Stocks 476,232 455,862
Debtors 5 16,781 218,799
Cash at bank 228,650 25,651
721,663 700,312
CREDITORS
Amounts falling due within one year 6 190,511 153,051
NET CURRENT ASSETS 531,152 547,261
TOTAL ASSETS LESS CURRENT LIABILITIES 569,599 583,308

PROVISIONS FOR LIABILITIES 7 - 2,515
NET ASSETS 569,599 580,793

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 568,599 579,793
SHAREHOLDERS' FUNDS 569,599 580,793

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Elmswell Plant Hire Limited (Registered number: 01446823)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 30 May 2025 and were signed on its behalf by:





C P McAteer - Director


Elmswell Plant Hire Limited (Registered number: 01446823)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Elmswell 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net sales of plant hire, the income for which is recognised in the period to which the hire relates.

Turnover also represents, where material, net sales in respect of property development projects. The income is recognised on the basis of the stage of completion of the project, where the outcome of the project is foreseeable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% - 33% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and loans from banks or other related parties.

Basic financial instruments are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

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.


Elmswell Plant Hire Limited (Registered number: 01446823)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

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

Impairment
At each reporting date, tangible fixed assets and investments are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 242,566
Additions 14,000
At 31 December 2024 256,566
DEPRECIATION
At 1 January 2024 206,519
Charge for year 11,600
At 31 December 2024 218,119
NET BOOK VALUE
At 31 December 2024 38,447
At 31 December 2023 36,047

Elmswell Plant Hire Limited (Registered number: 01446823)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 965 -
Amounts owed by group undertaking - 3,541
Other debtors 15,816 215,258
16,781 218,799

Included in the other debtors balance is an amount of £10,722 (2023 - £211,051) due from a connected company. No interest has been charged.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,516 1,293
Amounts owed to group undertaking 46,758 -
Taxation and social security - 1,834
Other creditors 138,237 149,924
190,511 153,051

Other creditors includes £135,652 (2023 - £147,424) due to the directors.

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances - 2,515

Deferred
tax
£   
Balance at 1 January 2024 2,515
Provided during year (2,515 )
Balance at 31 December 2024 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Elmswell (Holdings) Limited.