Plant-Fit Group Limited 09470410 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is the hire of plant and machinery Digita Accounts Production Advanced 6.30.9574.0 true false true true true true true true 09470410 2024-01-01 2024-12-31 09470410 2024-12-31 09470410 core:RetainedEarningsAccumulatedLosses 2024-12-31 09470410 core:ShareCapital 2024-12-31 09470410 core:SharePremium 2024-12-31 09470410 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-12-31 09470410 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-12-31 09470410 core:CurrentFinancialInstruments 2024-12-31 09470410 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 09470410 core:Non-currentFinancialInstruments 2024-12-31 09470410 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 09470410 core:FurnitureFittingsToolsEquipment 2024-12-31 09470410 core:LandBuildings 2024-12-31 09470410 core:MotorVehicles 2024-12-31 09470410 bus:SmallEntities 2024-01-01 2024-12-31 09470410 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09470410 bus:FilletedAccounts 2024-01-01 2024-12-31 09470410 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09470410 bus:RegisteredOffice 2024-01-01 2024-12-31 09470410 bus:Director1 2024-01-01 2024-12-31 09470410 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09470410 core:FurnitureFittings 2024-01-01 2024-12-31 09470410 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 09470410 core:LandBuildings 2024-01-01 2024-12-31 09470410 core:MotorVehicles 2024-01-01 2024-12-31 09470410 core:PlantMachinery 2024-01-01 2024-12-31 09470410 core:Vehicles 2024-01-01 2024-12-31 09470410 core:Subsidiary1 2024-01-01 2024-12-31 09470410 core:Subsidiary1 1 2024-01-01 2024-12-31 09470410 core:Subsidiary1 countries:EnglandWales 2024-01-01 2024-12-31 09470410 core:Subsidiary2 2024-01-01 2024-12-31 09470410 core:Subsidiary2 1 2024-01-01 2024-12-31 09470410 core:Subsidiary2 countries:AllCountries 2024-01-01 2024-12-31 09470410 core:Subsidiary3 2024-01-01 2024-12-31 09470410 core:Subsidiary3 1 2024-01-01 2024-12-31 09470410 core:Subsidiary3 countries:AllCountries 2024-01-01 2024-12-31 09470410 core:Subsidiary4 2024-01-01 2024-12-31 09470410 core:Subsidiary4 1 2024-01-01 2024-12-31 09470410 core:Subsidiary4 countries:AllCountries 2024-01-01 2024-12-31 09470410 core:Subsidiary5 2024-01-01 2024-12-31 09470410 core:Subsidiary5 1 2024-01-01 2024-12-31 09470410 core:Subsidiary5 countries:AllCountries 2024-01-01 2024-12-31 09470410 core:Subsidiary6 2024-01-01 2024-12-31 09470410 core:Subsidiary6 1 2024-01-01 2024-12-31 09470410 core:Subsidiary6 countries:AllCountries 2024-01-01 2024-12-31 09470410 countries:EnglandWales 2024-01-01 2024-12-31 09470410 2023-12-31 09470410 core:FurnitureFittingsToolsEquipment 2023-12-31 09470410 core:LandBuildings 2023-12-31 09470410 core:MotorVehicles 2023-12-31 09470410 2023-01-01 2023-12-31 09470410 2023-12-31 09470410 core:RetainedEarningsAccumulatedLosses 2023-12-31 09470410 core:ShareCapital 2023-12-31 09470410 core:SharePremium 2023-12-31 09470410 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-12-31 09470410 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-12-31 09470410 core:CurrentFinancialInstruments 2023-12-31 09470410 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09470410 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-12-31 09470410 core:Non-currentFinancialInstruments 2023-12-31 09470410 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 09470410 core:FurnitureFittingsToolsEquipment 2023-12-31 09470410 core:LandBuildings 2023-12-31 09470410 core:MotorVehicles 2023-12-31 09470410 core:PreviouslyStatedAmount 2023-12-31 09470410 core:Subsidiary1 1 2023-01-01 2023-12-31 09470410 core:Subsidiary2 1 2023-01-01 2023-12-31 09470410 core:Subsidiary3 1 2023-01-01 2023-12-31 09470410 core:Subsidiary4 1 2023-01-01 2023-12-31 09470410 core:Subsidiary5 1 2023-01-01 2023-12-31 09470410 core:Subsidiary6 1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 09470410

Plant-Fit Group Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Plant-Fit Group Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 10

 

Plant-Fit Group Limited

(Registration number: 09470410)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,801,513

2,960,741

Investments

5

6

5

 

2,801,519

2,960,746

Current assets

 

Debtors

6

74,356

44,355

Cash at bank and in hand

 

102,964

50,000

 

177,320

94,355

Creditors: Amounts falling due within one year

7

(1,121,178)

(1,117,012)

Net current liabilities

 

(943,858)

(1,022,657)

Total assets less current liabilities

 

1,857,661

1,938,089

Creditors: Amounts falling due after more than one year

7

(785,231)

(980,546)

Provisions for liabilities

(268,493)

(223,535)

Net assets

 

803,937

734,008

Capital and reserves

 

Called up share capital

132

132

Share premium reserve

957

957

Retained earnings

802,848

732,919

Shareholders' funds

 

803,937

734,008

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 May 2025 and signed on its behalf by:
 

 

Plant-Fit Group Limited

(Registration number: 09470410)
Balance Sheet as at 31 December 2024

.........................................
Mr J C Chambers
Director

 

Plant-Fit Group Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Plant-Fit Ltd
Balby Carr Bank
Balby
Doncaster
South Yorkshire
DN4 8DE

These financial statements were authorised for issue by the Board on 14 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies House Act 2006 and has not prepared group accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Plant-Fit Group Limited

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

50 years straight line basis, from the month of acquisition. The land is not depreciated

Plant and machinery

1 to 10 years straight line basis, from the month of acquisition and after adjusting for a residual value where applicable

Motor vehicles

4 to 6 years straight line basis, from the month of acquisition and after adjusting for a residual value where applicable

Fixture and fittings

10 years straight line basis, from the month of acquisition and after adjusting for a residual value where applicable

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Plant-Fit Group Limited

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

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Plant-Fit Group Limited

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

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Plant-Fit Group Limited

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

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2024

500,474

3,369,973

522,499

4,392,946

Additions

589,151

64,091

-

653,242

Disposals

-

(1,175,008)

(101,901)

(1,276,909)

At 31 December 2024

1,089,625

2,259,056

420,598

3,769,279

Depreciation

At 1 January 2024

11,288

1,248,470

172,447

1,432,205

Charge for the year

11,198

247,207

46,164

304,569

Eliminated on disposal

-

(703,353)

(65,655)

(769,008)

At 31 December 2024

22,486

792,324

152,956

967,766

Carrying amount

At 31 December 2024

1,067,139

1,466,732

267,642

2,801,513

At 31 December 2023

489,186

2,121,503

350,052

2,960,741

Included within the net book value of land and buildings above is £1,067,139 (2023 - £Nil) in respect of freehold land and buildings and £Nil (2023 - £489,186) in respect of leasehold land and buildings.
 

5

Investments

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

Plant-Fit Group Limited

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

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Plant-Fit Limited

Plant-Fit Ltd
Balby Carr Bank
Balby
Doncaster
South Yorkshire
DN4 8DE
South Yorkshire
DN5 0SJ

England and Wales

Ordinary

100%

100%

Tool-Fit Limited

Derek Lewis Limited
Balby Carr Bank
Doncaster
DN4 8DE

England & Wales

Ordinary

100%

100%

Re-Fit Plant & Machinery Limited

Balby Carr Bank
Carr Hill
Doncaster
South Yorkshire
DN4 8DE

England & Wales

Ordinary

100%

100%

Skill-Fit Limited

C/O Plant-Fit Limited
Balby Carr Bank
Balby
Doncaster
DN4 8DE

England & Wales

Ordinary

100%

100%

Plant Guard Limited

C/O Plant-Fit Limited
Balby Carr Bank
Balby
Doncaster
DN4 8DE

England & Wales

Ordinary

100%

100%

FME Facility Management & Engineering Limited

c/o Plant-Fit Limited
Balby Carr Bank
Balby
Doncaster
DN4 8DE

England & Wales

Ordinary

100%

0%

 

Plant-Fit Group Limited

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

Subsidiary undertakings

Plant-Fit Limited

The principal activity of Plant-Fit Limited is the hire of plant and machinery.

Tool-Fit Limited

The principal activity of Tool-Fit Limited is that of a dormant company.

Re-Fit Plant & Machinery Limited

The principal activity of Re-Fit Plant & Machinery Limited is the refurbishment of plant and machinery.

Skill-Fit Limited

The principal activity of Skill-Fit Limited is to provide professional training and assessments within the construction industry.

Plant Guard Limited

The principal activity of Plant Guard Limited is that of a dormant company.

FME Facility Management & Engineering Limited

The principal activity of FME Facility Management & Engineering Limited is that of a dormant company.

6

Debtors

2024
£

2023
£

Trade debtors

30,000

-

Other debtors

99

99

Prepayments

44,257

44,256

74,356

44,355

 

Plant-Fit Group Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

443,649

570,418

Trade creditors

 

189,929

79,694

Taxation and social security

 

36,784

12,896

Other creditors

 

446,696

452,204

Accrued expenses

 

4,120

1,800

 

1,121,178

1,117,012

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

785,231

980,546

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

291,223

-

Hire purchase contracts

494,008

980,546

785,231

980,546

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,424

-

Hire purchase contracts

433,225

570,418

443,649

570,418