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REGISTERED NUMBER: 01048171 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SAVAGE PLANT LIMITED

SAVAGE PLANT LIMITED (REGISTERED NUMBER: 01048171)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAVAGE PLANT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: P Savage
J Smith





REGISTERED OFFICE: 222 St Margarets Road
Ward End
Birmingham
West Midlands
B8 2BG





REGISTERED NUMBER: 01048171 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

SAVAGE PLANT LIMITED (REGISTERED NUMBER: 01048171)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,228 5,408
Investments 5 101 101
Investment property 6 300,000 300,000
304,329 305,509

CURRENT ASSETS
Debtors 7 827,720 862,422
Cash at bank 51,095 47,297
878,815 909,719
CREDITORS
Amounts falling due within one year 8 606,515 566,937
NET CURRENT ASSETS 272,300 342,782
TOTAL ASSETS LESS CURRENT
LIABILITIES

576,629

648,291

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Other reserves 83,953 83,953
Retained earnings 491,676 563,338
576,629 648,291

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.

SAVAGE PLANT LIMITED (REGISTERED NUMBER: 01048171)

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 10 June 2025 and were signed on its behalf by:





J Smith - Director


SAVAGE PLANT LIMITED (REGISTERED NUMBER: 01048171)

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


1. STATUTORY INFORMATION

The company (registered number 01048171) is a private company, limited by shares, incorporated and domiciled in England and Wales. The registered office and trading address is 222 St. Margarets Road, Ward End, Birmingham, B8 2BG.

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.

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised at the point in which the service has been provided.

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 - 15 - 50% straight line
Fixtures and fittings - 15 - 25% straight line
Motor vehicles - 15 - 50% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Investment property
Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.

SAVAGE PLANT LIMITED (REGISTERED NUMBER: 01048171)

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


2. ACCOUNTING POLICIES - continued

Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

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 debtors and creditors.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 9,233 10,556 24,995 44,784
Disposals - - (24,995 ) (24,995 )
At 31 December 2024 9,233 10,556 - 19,789
DEPRECIATION
At 1 January 2024 3,825 10,556 24,995 39,376
Charge for year 1,180 - - 1,180
Eliminated on disposal - - (24,995 ) (24,995 )
At 31 December 2024 5,005 10,556 - 15,561
NET BOOK VALUE
At 31 December 2024 4,228 - - 4,228
At 31 December 2023 5,408 - - 5,408

SAVAGE PLANT LIMITED (REGISTERED NUMBER: 01048171)

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


5. FIXED ASSET INVESTMENTS
Investments
in
subsidiaries
£   
COST
At 1 January 2024
and 31 December 2024 101
NET BOOK VALUE
At 31 December 2024 101
At 31 December 2023 101

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 300,000
NET BOOK VALUE
At 31 December 2024 300,000
At 31 December 2023 300,000

The 2024 valuation of Freehold investment property in the balance above was £120,000 (2023:£120,000).

The 2024 valuation of Long term leasehold investment property in the balance above was £180,000 (2023:£180,000).

The 2024 valuations were made by the directors, on an open market value for existing use basis.

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured at historic cost of £216,047 (2023:£216,047).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 805,326 831,620
Directors' loan accounts 19,911 28,583
Prepayments 2,483 2,219
827,720 862,422

SAVAGE PLANT LIMITED (REGISTERED NUMBER: 01048171)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

The maximum amount outstanding, by a director, during the year was £54,440 (2023:£58,516). Interest was charged on these loans at HM Revenue & Customs official rate of interest.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 574,413 547,327
Taxation and social security 11,721 1,661
Other creditors 20,381 17,949
606,515 566,937

9. PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. No contributions were payable at the balance sheet date.