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REGISTERED NUMBER: 12469432 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Drewitt Plant Hire Ltd

Drewitt Plant Hire Ltd (Registered number: 12469432)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Drewitt Plant Hire Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: O E Drewitt
K Drewitt





REGISTERED OFFICE: 15 Monks Lane,
Newbury
Berkshire
RG14 7HD





REGISTERED NUMBER: 12469432 (England and Wales)





ACCOUNTANTS: Aivilo Digital Accountancy Ltd
49 Hurford Drive
Thatcham
Berkshire
RG19 4WA

Drewitt Plant Hire Ltd (Registered number: 12469432)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,169 152,181

CURRENT ASSETS
Debtors 5 113,670 96,547
Cash at bank 55,953 50,523
169,623 147,070
CREDITORS
Amounts falling due within one year 6 139,325 129,571
NET CURRENT ASSETS 30,298 17,499
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,467

169,680

CREDITORS
Amounts falling due after more than one
year

7

(3,953

)

(9,108

)

PROVISIONS FOR LIABILITIES (15,292 ) (28,041 )
NET ASSETS 72,222 132,531

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 72,122 132,431
72,222 132,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Drewitt Plant Hire Ltd (Registered number: 12469432)

Balance Sheet - continued
30 September 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 24 June 2025 and were signed on its behalf by:





O E Drewitt - Director


Drewitt Plant Hire Ltd (Registered number: 12469432)

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

1. STATUTORY INFORMATION

Drewitt Plant Hire Ltd 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.

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 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 reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

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.

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.

Drewitt Plant Hire Ltd (Registered number: 12469432)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leases
Rentals paid 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 221,464 42,000 2,443 265,907
Additions 1,015 - 360 1,375
Disposals (136,713 ) - - (136,713 )
At 30 September 2024 85,766 42,000 2,803 130,569
DEPRECIATION
At 1 October 2023 89,303 23,027 1,396 113,726
Charge for year 33,176 3,795 432 37,403
Eliminated on disposal (81,729 ) - - (81,729 )
At 30 September 2024 40,750 26,822 1,828 69,400
NET BOOK VALUE
At 30 September 2024 45,016 15,178 975 61,169
At 30 September 2023 132,161 18,973 1,047 152,181

Drewitt Plant Hire Ltd (Registered number: 12469432)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors - 2,252
Amounts owed by group undertakings 71,128 83,187
Other debtors 8,525 -
Directors' loan accounts 29,332 -
VAT - 1,888
Prepayments and accrued income 4,685 9,220
113,670 96,547

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 5,155 5,028
Trade creditors - 2,782
Amounts owed to participating interests 103,842 115,529
Tax 28,678 5,432
Accrued expenses 1,650 800
139,325 129,571

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-2 years 3,953 9,108

8. RELATED PARTY DISCLOSURES

Other transactions with directors

O E Drewitt (director) had a loan account with the company. At the balance sheet date the amount due from O E Drewitt was £29,332 (2023: £nil).

Summary of transactions with other related parties

O.E.Drewitt Contracting Limited (a company controlled by O E Drewitt). At the balance sheet date the amount due to O.E.Drewitt Contracting Limited was £103,842 (2023: £115,529).

Drewitt Building and Civil Engineering Contractors Ltd (a company controlled by O E Drewitt). At the balance sheet date the amount due to from Drewitt Building and Civil Engineering Contractors Ltd was £71,128 (2023: £83,187).