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REGISTERED NUMBER: 06582358 (England and Wales)















Financial Statements for the Year Ended 30 November 2024

for

DAB Plant Hire & Sales Limited

DAB Plant Hire & Sales Limited (Registered number: 06582358)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DAB Plant Hire & Sales Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: M C Merrigan
D M Doherty





REGISTERED OFFICE: Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW





REGISTERED NUMBER: 06582358 (England and Wales)





AUDITORS: Torr Waterfield Limited
Statutory Auditor
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

DAB Plant Hire & Sales Limited (Registered number: 06582358)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,493,634 1,853,786

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 5 205,683 37,598
Cash at bank 170,197 138,699
385,880 186,297
CREDITORS
Amounts falling due within one year 6 (443,199 ) (325,565 )
NET CURRENT LIABILITIES (57,319 ) (139,268 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,436,315

1,714,518

CREDITORS
Amounts falling due after more than one
year

7

(313,442

)

(239,906

)

PROVISIONS FOR LIABILITIES (623,409 ) (463,447 )
NET ASSETS 1,499,464 1,011,165

CAPITAL AND RESERVES
Called up share capital 44 44
Capital redemption reserve 56 56
Retained earnings 1,499,364 1,011,065
SHAREHOLDERS' FUNDS 1,499,464 1,011,165

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 11 June 2025 and were signed on its behalf by:




D M Doherty - Director



M C Merrigan - Director


DAB Plant Hire & Sales Limited (Registered number: 06582358)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

DAB Plant Hire & Sales 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.

The financial statements are prepared on the going concern basis which assumes the company will continue to trade. This depends on the ability of the Directors to maintain the necessary financial support.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 16.67% on cost
Motor vehicles - 16.67% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

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 balance sheet date.


DAB Plant Hire & Sales Limited (Registered number: 06582358)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments
Assets obtained under the hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2023 1,920,327 712,888 2,633,215
Additions 964,395 315,399 1,279,794
Disposals (320,445 ) (51,586 ) (372,031 )
At 30 November 2024 2,564,277 976,701 3,540,978
DEPRECIATION
At 1 December 2023 466,564 312,865 779,429
Charge for year 330,582 117,652 448,234
Eliminated on disposal (139,283 ) (41,036 ) (180,319 )
At 30 November 2024 657,863 389,481 1,047,344
NET BOOK VALUE
At 30 November 2024 1,906,414 587,220 2,493,634
At 30 November 2023 1,453,763 400,023 1,853,786

DAB Plant Hire & Sales Limited (Registered number: 06582358)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 December 2023 1,277,270
Additions 841,245
Disposals (19,995 )
Transfer to ownership (305,545 )
At 30 November 2024 1,792,975
DEPRECIATION
At 1 December 2023 242,050
Charge for year 233,799
Eliminated on disposal (4,730 )
Transfer to ownership (111,317 )
At 30 November 2024 359,802
NET BOOK VALUE
At 30 November 2024 1,433,173
At 30 November 2023 1,035,220

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Amounts owed by group undertakings 188,281 -
Other debtors 17,402 37,598
205,683 37,598

Other debtors includes prepayments and accrued income of £17,402 (2023 - £12,798).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts 332,515 237,931
Trade creditors 4,232 4,076
Amounts owed to group undertakings - 53,658
Taxation and social security 85,008 8,095
Other creditors 21,444 21,805
443,199 325,565

Other creditors includes accruals and deferred income of £20,147 (2023 - £18,109).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts 313,442 239,906

DAB Plant Hire & Sales Limited (Registered number: 06582358)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Hire purchase contracts 645,957 477,837

Hire purchase creditors are secured on the assets so acquired.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter Morris FCA (Senior Statutory Auditor)
for and on behalf of Torr Waterfield Limited

10. ULTIMATE CONTROLLING PARTY

From 30 June 2022 the company is a wholly owned subsidiary of Merrigan & Doherty Holdings Limited, a company incorporated in England and Wales. The registered office of the parent company is Park House, 37 Clarence Street, Leicester, LE1 3RW.

The company's results are included in the consolidated financial statements of Merrigan & Doherty Holdings Limited. These financial statements may be obtained from Companies House, Cardiff, CF4 3UZ.