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REGISTERED NUMBER: 03799301 (England and Wales)















Ruttle Plant (Midlands) Limited

Financial Statements

for the Year Ended 30 September 2024






Ruttle Plant (Midlands) Limited (Registered number: 03799301)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ruttle Plant (Midlands) Limited

Company Information
for the year ended 30 September 2024







DIRECTORS: GH Ruttle
MT Ruttle
GH Ruttle





REGISTERED OFFICE: Lancaster House
Ackhurst Road
Chorley
Lancashire
PR7 1NH





REGISTERED NUMBER: 03799301 (England and Wales)





AUDITORS: McMillan & Co LLP
Chartered Accountants and
Statutory Auditor
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Ruttle Plant (Midlands) Limited (Registered number: 03799301)

Balance Sheet
30 September 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 11,916 15,893

CURRENT ASSETS
Debtors 5 725,714 607,842
Cash at bank and in hand 156,767 25,541
882,481 633,383
CREDITORS
Amounts falling due within one year 6 397,053 435,942
NET CURRENT ASSETS 485,428 197,441
TOTAL ASSETS LESS CURRENT
LIABILITIES

497,344

213,334

PROVISIONS FOR LIABILITIES 9 2,034 2,968
NET ASSETS 495,310 210,366

CAPITAL AND RESERVES
Called up share capital 10 164 164
Retained earnings 495,146 210,202
SHAREHOLDERS' FUNDS 495,310 210,366

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 25 June 2025 and were signed on its behalf by:





GH Ruttle - Director


Ruttle Plant (Midlands) Limited (Registered number: 03799301)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Ruttle Plant (Midlands) 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 (£).


The amounts in the financial statements have been rounded to the nearest £1.

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.

Going concern
The financial statements are prepared on a going concern basis which the directors believe to be appropriate for the following reasons.

The parent company has committed to provide financial support to this company for the foreseeable future, should this be required. The directors do not prepare formal forecasts, but instead rely on their market knowledge and experience to monitor future cashflow requirements. The Group is in the process of realising various development assets, which will supplement their operating cashflows and enable them to reduce their reliance on bank and hire purchase funding.

The forecasts also include additional funding as required to be provided by the shareholders in the event of delays in the completion of other projects.

Based on the above indications, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis.

The financial statements do not include any adjustments that would result from this basis of preparation being inappropriate.

Turnover
Turnover is derived from the hire and re-hire of plant, wagons and low loaders.

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. For hires that overlap the year end, an element of income is recognised for uninvoiced hires up to the year end date.

Tangible fixed assets
All fixed assets are initially recorded at cost, less depreciation. Cost represents the purchase price of assets acquired, plus any other directly attributable costs incurred in bringing the asset to a useable condition.

Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & machinery - 20% reducing balance
Motor vehicles - 20% reducing balance

Ruttle Plant (Midlands) Limited (Registered number: 03799301)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

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.

Hire purchase and leasing commitments
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 22 ) .

Ruttle Plant (Midlands) Limited (Registered number: 03799301)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1 October 2023
and 30 September 2024 165,872 38,141 204,013
DEPRECIATION
At 1 October 2023 155,106 33,014 188,120
Charge for year 2,695 1,282 3,977
At 30 September 2024 157,801 34,296 192,097
NET BOOK VALUE
At 30 September 2024 8,071 3,845 11,916
At 30 September 2023 10,766 5,127 15,893

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 713,810 596,680
Prepayments 11,904 11,162
725,714 607,842

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 221,431 252,554
Amounts owed to group undertakings 99,887 110,159
Social security and other taxes 56,855 55,228
Other creditors 9,730 8,851
Accruals and deferred income 9,150 9,150
397,053 435,942

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 1,298 -
Between one and five years - 1,298
1,298 1,298

8. SECURED DEBTS

There is a cross guarantee and debenture between Contract Services (Millennium) Limited, Ruttle Group Limited, Ruttle Heavy Haulage Limited, Ruttle Plant (Birmingham) Limited, Ruttle Contracting Limited, Ruttle Plant (North East) Limited, Ruttle Plant Hire Limited and Ruttle Plant Holdings Limited dated 18 May 2021.

Ruttle Plant (Midlands) Limited (Registered number: 03799301)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax
Accelerated capital allowances (934 ) (245 )
Deferred tax 2,968 3,213
2,034 2,968

Deferred tax
£
Balance at 1 October 2023 2,968
Provided during year (934 )
Balance at 30 September 2024 2,034

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
164 Ordinary £1 164 164

The shares have attached to them full voting, dividend and capital distribution rights.

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

The Report of the Auditors was unqualified.

Andrea Gerring FCA (Senior Statutory Auditor)
for and on behalf of McMillan & Co LLP

12. RELATED PARTY DISCLOSURES

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.

13. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Ruttle Group Limited. The accounts of this company are consolidated into Ruttle Group Limited, copies of which are available from their registered office at Lancaster House, Ackhurst Road, Chorley, PR7 1NH.

The Group is ultimately controlled by GH Ruttle, the director of the ultimate parent company.