Player Plant Hire Limited 06222001 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is agricultural construction contractor Digita Accounts Production Advanced 6.30.9574.0 true 06222001 2023-07-01 2024-06-30 06222001 2024-06-30 06222001 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-06-30 06222001 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-06-30 06222001 core:CurrentFinancialInstruments 2024-06-30 06222001 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 06222001 core:Non-currentFinancialInstruments 2024-06-30 06222001 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 06222001 core:FurnitureFittingsToolsEquipment 2024-06-30 06222001 core:OtherPropertyPlantEquipment 2024-06-30 06222001 bus:SmallEntities 2023-07-01 2024-06-30 06222001 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 06222001 bus:FilletedAccounts 2023-07-01 2024-06-30 06222001 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 06222001 bus:RegisteredOffice 2023-07-01 2024-06-30 06222001 bus:Director1 2023-07-01 2024-06-30 06222001 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06222001 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 06222001 core:OfficeEquipment 2023-07-01 2024-06-30 06222001 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 06222001 core:PlantMachinery 2023-07-01 2024-06-30 06222001 countries:EnglandWales 2023-07-01 2024-06-30 06222001 2023-06-30 06222001 core:FurnitureFittingsToolsEquipment 2023-06-30 06222001 core:OtherPropertyPlantEquipment 2023-06-30 06222001 2022-07-01 2023-06-30 06222001 2023-06-30 06222001 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-06-30 06222001 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-06-30 06222001 core:CurrentFinancialInstruments 2023-06-30 06222001 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 06222001 core:Non-currentFinancialInstruments 2023-06-30 06222001 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 06222001 core:FurnitureFittingsToolsEquipment 2023-06-30 06222001 core:OtherPropertyPlantEquipment 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 06222001

Player Plant Hire Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Player Plant Hire Limited

Contents

Company Information

1

Director's Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

Player Plant Hire Limited

Company Information

Director

Mr A H Player

Registered office

The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

Accountants

Coates and Partners Limited
Chartered Accountants
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

 

Player Plant Hire Limited

Director's Report for the Year Ended 30 June 2024

The director presents his report and the financial statements for the year ended 30 June 2024.

Director of the company

The director who held office during the year was as follows:

Mr A H Player

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 26 June 2025
 

.........................................
Mr A H Player
Director

 

Player Plant Hire Limited

(Registration number: 06222001)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

353,600

416,606

Current assets

 

Stocks

3,020

3,020

Debtors

5

79,000

87,363

Cash at bank and in hand

 

18,970

25,312

 

100,990

115,695

Creditors: Amounts falling due within one year

6

(115,973)

(158,071)

Net current liabilities

 

(14,983)

(42,376)

Total assets less current liabilities

 

338,617

374,230

Creditors: Amounts falling due after more than one year

6

(54,194)

(74,970)

Provisions for liabilities

(67,198)

(79,155)

Net assets

 

217,225

220,105

Capital and reserves

 

Called up share capital

100

100

Retained earnings

217,125

220,005

Shareholders' funds

 

217,225

220,105

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

Approved and authorised by the director on 26 June 2025
 

 

Player Plant Hire Limited

(Registration number: 06222001)
Balance Sheet as at 30 June 2024 (continued)

.........................................
Mr A H Player
Director

   
     
 

Player Plant Hire Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital incorporated in England and Wales registration number: 06222001.

The address of its registered office is:
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP
England

These financial statements were authorised for issue by the director on 26 June 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.

The presentation currency is £ sterling.

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.

 

Player Plant Hire Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

2

Accounting policies (continued)

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.

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

Plant and machinery

15% reducing balance

Office equipment

33% straight line basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

 

Player Plant Hire Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

2

Accounting policies (continued)

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.

Leases

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 4).

 

Player Plant Hire Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

4

Tangible assets

Furniture, fittings and equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 July 2023

3,483

985,987

989,470

At 30 June 2024

3,483

985,987

989,470

Depreciation

At 1 July 2023

2,348

570,516

572,864

Charge for the year

685

62,321

63,006

At 30 June 2024

3,033

632,837

635,870

Carrying amount

At 30 June 2024

450

353,150

353,600

At 30 June 2023

1,135

415,471

416,606

5

Debtors

Current

2024
£

2023
£

Trade debtors

77,949

86,074

Prepayments

1,051

1,289

 

79,000

87,363

 

Player Plant Hire Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

23,129

39,832

Trade creditors

 

12,703

18,680

Taxation and social security

 

44,793

68,321

Accruals and deferred income

 

5,699

3,999

Other creditors

 

29,649

27,239

 

115,973

158,071

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

10,834

33,963

Other creditors

 

43,360

41,007

 

54,194

74,970

Finance leases are secured on the assets to which they relate. The Bounce Back Loan is 100% Government guaranteed.

 

Player Plant Hire Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

9,999

10,000

Hire purchase contracts

13,130

29,832

23,129

39,832

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

10,834

20,833

Hire purchase contracts

-

13,130

10,834

33,963