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REGISTERED NUMBER: 11601692 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

CROWN PLANT HIRE LIMITED

CROWN PLANT HIRE LIMITED (REGISTERED NUMBER: 11601692)

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










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 7


CROWN PLANT HIRE LIMITED (REGISTERED NUMBER: 11601692)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 596,800 362,314

CURRENT ASSETS
Debtors 5 121,186 102,772
Cash at bank 365,832 250,258
487,018 353,030
CREDITORS
Amounts falling due within one year 6 (260,305 ) (184,943 )
NET CURRENT ASSETS 226,713 168,087
TOTAL ASSETS LESS CURRENT
LIABILITIES

823,513

530,401

CREDITORS
Amounts falling due after more than one
year

7

(384,697

)

(234,208

)

PROVISIONS FOR LIABILITIES (136,120 ) (68,839 )
NET ASSETS 302,696 227,354

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 252,696 177,354
302,696 227,354

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

CROWN PLANT HIRE LIMITED (REGISTERED NUMBER: 11601692)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by:





G J Earp - Director


CROWN PLANT HIRE LIMITED (REGISTERED NUMBER: 11601692)

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


1. STATUTORY INFORMATION

Crown Plant Hire Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11601692

Registered office: Unit 5 Queens Drive Industrial Estate
Chasetown, Burntwood
United Kingdom
Staffordshire
WS7 4QF

The principal activity of the company during the year was that of a plant hire company.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(i) Estimated useful lives and residual values of fixed assets

Depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual value is, as evidenced by disposals during the current and prior accounting periods.

REVENUE RECOGNITION
Revenue 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.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

CROWN PLANT HIRE LIMITED (REGISTERED NUMBER: 11601692)

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


2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


CROWN PLANT HIRE LIMITED (REGISTERED NUMBER: 11601692)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 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 statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2023 200,285 701,921 902,206
Additions 35,537 399,520 435,057
Disposals - (69,050 ) (69,050 )
At 31 October 2024 235,822 1,032,391 1,268,213
DEPRECIATION
At 1 November 2023 165,747 374,145 539,892
Charge for year 21,394 179,177 200,571
Eliminated on disposal - (69,050 ) (69,050 )
At 31 October 2024 187,141 484,272 671,413
NET BOOK VALUE
At 31 October 2024 48,681 548,119 596,800
At 31 October 2023 34,538 327,776 362,314

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 120,653 102,238
Directors' loan accounts 120 120
Prepayments 413 414
121,186 102,772

CROWN PLANT HIRE LIMITED (REGISTERED NUMBER: 11601692)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 215,963 148,501
Trade creditors 150 106
Tax 23,168 10,565
VAT 19,622 24,521
Accruals and deferred income 1,402 1,250
260,305 184,943

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 384,697 234,208

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Hire purchase contracts 600,660 382,709

The hire purchase liability is secured by the underlying asset.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
B Mothershaw
Balance outstanding at start of year 60 -
Amounts advanced - 60
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 60 60

M Robinson
Balance outstanding at start of year 60 -
Amounts advanced - 60
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 60 60

CROWN PLANT HIRE LIMITED (REGISTERED NUMBER: 11601692)

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


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

By virtue of the overdrawn loan accounts, a liability to taxation exists under section 455 of CTA 2010 in the sum of £40 which will be repaid or discharged when the loans are repaid. The loans were repaid within 9 months of the year end and as such, no taxation has been provided for.

10. RELATED PARTY DISCLOSURES

All transactions undertaken with the directors are deemed to be conducted under normal market conditions and/or are not material.

11. POST BALANCE SHEET EVENTS

There were no significant events after the end of the reporting period up to the date of approval of the financial statements by the Board.