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REGISTERED NUMBER: 01326345 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BULLEN PLANT HIRE LIMITED

BULLEN PLANT HIRE LIMITED (REGISTERED NUMBER: 01326345)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


BULLEN PLANT HIRE LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: Mrs H J Bullen
G P Bullen
J R Bullen



SECRETARY: Mrs H J Bullen



REGISTERED OFFICE: 45 Appley Lane North
Appley Bridge
Wigan
Lancashire
WN6 9AD



REGISTERED NUMBER: 01326345 (England and Wales)



AUDITORS: Fairhurst Audit Services Ltd
Statutory Auditor
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB



BANKERS: Handelsbanken
5 Beecham Court
Goose Green
Wigan
WN3 6PR

BULLEN PLANT HIRE LIMITED (REGISTERED NUMBER: 01326345)

STATEMENT OF FINANCIAL POSITION
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 12,253,172 11,465,280

CURRENT ASSETS
Debtors 5 2,271,410 2,086,550
Cash at bank 362,529 1,686,884
2,633,939 3,773,434
CREDITORS
Amounts falling due within one year 6 1,799,610 2,435,359
NET CURRENT ASSETS 834,329 1,338,075
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,087,501

12,803,355

CREDITORS
Amounts falling due after more than one
year

7

(1,068,190

)

(1,134,857

)

PROVISIONS FOR LIABILITIES 9 (2,294,279 ) (2,201,344 )
NET ASSETS 9,725,032 9,467,154

CAPITAL AND RESERVES
Called up share capital 55,545 55,545
Retained earnings 10 9,669,487 9,411,609
SHAREHOLDERS' FUNDS 9,725,032 9,467,154

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:





G P Bullen - Director


BULLEN PLANT HIRE LIMITED (REGISTERED NUMBER: 01326345)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Bullen Plant Hire 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 expect for the modification to market value for certain tangible fixed assets as noted below.

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 the amounts receivable for the hire of plant and equipment through either self-drive or operator supplied hires.

This 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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 2% on cost
Plant and machinery - Adjusted to year end valuation
Fixtures and fittings - 15% on reducing balance
Motor vehicles - Adjusted to year end valuation

Tangible fixed assets are initially recognised at cost.
Short leasehold and Fixtures and fittings are subsequently stated at cost less accumulated depreciation and accumulated impairment losses.Plant and machinery and Motor vehicles are initially recognised at cost, the directors review the useful economic life of Plant and machinery and Motor vehicles on an annual basis.
Plant and machinery and motor vehicles are valued by the directors at estimated market value and any over or under provision for depreciation is written off to the profit and loss account as depreciation on an annual basis. This is not in accordance with the requirements of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Companies Act 2006. However, in the opinion of the directors, this treatment is required so that the pattern in which the asset's economic benefits are consumed by the company are correctly accounted for and to enable the financial statements to give a true and fair view.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other accounts receivable and payable. Basic financial instruments are recognised at cost.


BULLEN PLANT HIRE LIMITED (REGISTERED NUMBER: 01326345)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

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.

Hire purchase and leasing commitments
Assets obtained under 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 32 ) .

BULLEN PLANT HIRE LIMITED (REGISTERED NUMBER: 01326345)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 October 2023 50,768 58,800 15,466,075
Additions - - 3,459,383
Disposals - - (2,255,326 )
At 30 September 2024 50,768 58,800 16,670,132
DEPRECIATION
At 1 October 2023 48,670 13,928 4,357,021
Charge for year 1,015 1,176 1,357,208
Eliminated on disposal - - (811,996 )
At 30 September 2024 49,685 15,104 4,902,233
NET BOOK VALUE
At 30 September 2024 1,083 43,696 11,767,899
At 30 September 2023 2,098 44,872 11,109,054

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 October 2023 113,204 465,285 16,154,132
Additions - 241,995 3,701,378
Disposals - (127,677 ) (2,383,003 )
At 30 September 2024 113,204 579,603 17,472,507
DEPRECIATION
At 1 October 2023 99,448 169,785 4,688,852
Charge for year 2,063 48,194 1,409,656
Eliminated on disposal - (67,177 ) (879,173 )
At 30 September 2024 101,511 150,802 5,219,335
NET BOOK VALUE
At 30 September 2024 11,693 428,801 12,253,172
At 30 September 2023 13,756 295,500 11,465,280

The net book value of tangible fixed assets includes £ 296,000 (2023 - £ 2,002,000 ) in respect of assets held under hire purchase contracts.

BULLEN PLANT HIRE LIMITED (REGISTERED NUMBER: 01326345)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,155,064 997,259
Directors' loan accounts 834,365 814,015
Tax 271,913 265,045
Prepayments 10,068 10,231
2,271,410 2,086,550

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 66,666 365,165
Trade creditors 375,982 320,320
Amounts owed to group undertakings 1,184,022 1,433,850
Tax 54,691 82,644
Social security and other taxes 21,751 27,580
VAT 60,724 128,241
Accrued expenses 35,774 77,559
1,799,610 2,435,359

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 22,222 88,889
Amounts owed to group undertakings 1,045,968 1,045,968
1,068,190 1,134,857

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 88,888 454,054

As at 30 September 2024 there was a formal charge in favour of Handelsbanken Plc as a Debenture dated 29/9/21 for a floating charge over all property or undertaking of the company.

Hire purchase liabilities are secured over the related asset.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,294,279 2,201,344

BULLEN PLANT HIRE LIMITED (REGISTERED NUMBER: 01326345)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2023 2,201,344
Charge to Income Statement during year 92,935
Balance at 30 September 2024 2,294,279

10. RESERVES
Retained
earnings
£   

At 1 October 2023 9,411,609
Profit for the year 557,878
Dividends (300,000 )
At 30 September 2024 9,669,487

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

The Report of the Auditors was unqualified.

Louise Webster BSc BFP ACA (Senior Statutory Auditor)
for and on behalf of Fairhurst Audit Services Ltd

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
G P Bullen
Balance outstanding at start of year 814,015 794,161
Amounts advanced 20,350 19,854
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 834,365 814,015

13. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the Bullen family.

This is by virtue of their shareholding in the parent company, Treebrook Limited.