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REGISTERED NUMBER: SC429595 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LAS PLANT LIMITED

LAS PLANT LIMITED (REGISTERED NUMBER: SC429595)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAS PLANT LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: R C Murray
I M Bone



REGISTERED OFFICE: 9 Glasgow Road
Paisley
PA1 3QS



REGISTERED NUMBER: SC429595 (Scotland)



ACCOUNTANTS: John M Taylor & Co
Chartered Accountants
9 Glasgow Road
PAISLEY
Renfrewshire
PA1 3QS



BANKERS: Handelsbanken plc
First Floor
Camas House
Fairways Business Park
Inverness
IV2 6AA

LAS PLANT LIMITED (REGISTERED NUMBER: SC429595)

BALANCE SHEET
31 December 2024

31.12.23 31.12.24
£    £    Notes £   
FIXED ASSETS
940,058 Tangible assets 5 1,168,347

CURRENT ASSETS
8,000 Stocks 7,250
254,950 Debtors 6 212,980
121,206 Cash at bank and in hand 100,265
384,156 320,495
CREDITORS
482,562 Amounts falling due within one year 7 511,427
(98,406 ) NET CURRENT LIABILITIES (190,932 )
841,652 TOTAL ASSETS LESS CURRENT
LIABILITIES

977,415

CREDITORS
(211,267 ) Amounts falling due after more than one
year

8

(151,358

)

(112,500 ) PROVISIONS FOR LIABILITIES (162,607 )
517,885 NET ASSETS 663,450

CAPITAL AND RESERVES
10,000 Called up share capital 10,000
507,885 Retained earnings 653,450
517,885 SHAREHOLDERS' FUNDS 663,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

LAS PLANT LIMITED (REGISTERED NUMBER: SC429595)

BALANCE SHEET - continued
31 December 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 30 June 2025 and were signed on its behalf by:





I M Bone - Director


LAS PLANT LIMITED (REGISTERED NUMBER: SC429595)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

LAS Plant Limited is a private company, limited by shares , registered in Scotland. 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents the total invoice value, less credit notes, excluding value added tax, of sales made in the period.

Revenue is recognised when goods or services are received by the customer and the risks and rewards of ownership have been passed to them. Revenue from the hire of equipment and services is recognised at the time the equipment is supplied or services have been rendered and accepted. Revenue is measured at the fair value of consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts and value added tax.

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.
Plant & machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Assets held under finance leases are depreciated in the same way as owned assets.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.


LAS PLANT LIMITED (REGISTERED NUMBER: SC429595)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation represents the sum of tax currently payable and deferred tax on a non discounted basis.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period which the liability is settled or the asset is realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
Basic financial instruments are recognised at amortised cost. Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

LAS PLANT LIMITED (REGISTERED NUMBER: SC429595)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant & and Motor Computer
Totals machinery fittings vehicles equipment
£    £    £    £    £   
COST
At 1 January 2024 1,220,100 1,128,978 1,530 86,840 2,752
Additions 437,618 436,292 644 - 682
Disposals (44,008 ) (44,008 ) - - -
At 31 December 2024 1,613,710 1,521,262 2,174 86,840 3,434
DEPRECIATION
At 1 January 2024 280,042 255,837 392 21,710 2,103
Charge for year 178,430 161,119 266 16,283 762
Eliminated on disposal (13,109 ) (13,109 ) - - -
At 31 December 2024 445,363 403,847 658 37,993 2,865
NET BOOK VALUE
At 31 December 2024 1,168,347 1,117,415 1,516 48,847 569
At 31 December 2023 940,058 873,141 1,138 65,130 649

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant & Motor
Totals machinery vehicles
£    £    £   
COST
At 1 January 2024 708,899 622,059 86,840
Additions 211,801 211,801 -
Disposals (33,500 ) (33,500 ) -
Transfer to ownership (45,000 ) (45,000 ) -
At 31 December 2024 842,200 755,360 86,840
DEPRECIATION
At 1 January 2024 154,106 132,396 21,710
Charge for year 99,206 82,923 16,283
Eliminated on disposal (10,050 ) (10,050 ) -
Transfer to ownership (13,706 ) (13,706 ) -
At 31 December 2024 229,556 191,563 37,993
NET BOOK VALUE
At 31 December 2024 612,644 563,797 48,847
At 31 December 2023 554,793 489,663 65,130

LAS PLANT LIMITED (REGISTERED NUMBER: SC429595)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 180,546 218,294
Other debtors 32,434 36,656
212,980 254,950

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts (see note 9) 243,253 210,374
Trade creditors 149,422 117,239
Taxation and social security 33,892 21,441
Other creditors 84,860 133,508
511,427 482,562

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts (see note 9) 151,358 211,267

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.12.24 31.12.23
£    £   
Gross obligations repayable:
Within one year 269,903 234,338
Between one and five years 171,519 238,165
441,422 472,503

Finance charges repayable:
Within one year 26,650 23,964
Between one and five years 20,161 26,898
46,811 50,862

Net obligations repayable:
Within one year 243,253 210,374
Between one and five years 151,358 211,267
394,611 421,641

LAS PLANT LIMITED (REGISTERED NUMBER: SC429595)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Hire purchase contracts 394,611 421,641

Obligations under hire purchase contracts are secured over the assets to which they relate.

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.