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REGISTERED NUMBER: 04253619 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

B.A.K. PLANT HIRE LIMITED

B.A.K. PLANT HIRE LIMITED (REGISTERED NUMBER: 04253619)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B.A.K. PLANT HIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTOR: D M Keegan



SECRETARY: D M Keegan



REGISTERED OFFICE: Riverside House
River Lane
Saltney
Chester
CH4 8RQ



REGISTERED NUMBER: 04253619 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: Barclays Bank plc
PO Box 1330
Flint
Flintshire
CH6 5WJ

B.A.K. PLANT HIRE LIMITED (REGISTERED NUMBER: 04253619)

BALANCE SHEET
30TH SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,286 139,994

CURRENT ASSETS
Debtors 5 430,465 502,435
Cash at bank 1,585,549 1,465,713
2,016,014 1,968,148
CREDITORS
Amounts falling due within one year 6 94,342 160,790
NET CURRENT ASSETS 1,921,672 1,807,358
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,969,958

1,947,352

CREDITORS
Amounts falling due after more than one year 7 (12,955 ) (32,123 )

PROVISIONS FOR LIABILITIES 9 (19,047 ) (34,999 )
NET ASSETS 1,937,956 1,880,230

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 1,936,956 1,879,230
SHAREHOLDERS' FUNDS 1,937,956 1,880,230

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

B.A.K. PLANT HIRE LIMITED (REGISTERED NUMBER: 04253619)

BALANCE SHEET - continued
30TH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4th July 2025 and were signed by:





D M Keegan - Director


B.A.K. PLANT HIRE LIMITED (REGISTERED NUMBER: 04253619)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

B.A.K. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Depreciation
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 and machinery : 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

B.A.K. PLANT HIRE LIMITED (REGISTERED NUMBER: 04253619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st October 2023 543,039
Disposals (409,750 )
At 30th September 2024 133,289
DEPRECIATION
At 1st October 2023 403,045
Charge for year 16,097
Eliminated on disposal (334,139 )
At 30th September 2024 85,003
NET BOOK VALUE
At 30th September 2024 48,286
At 30th September 2023 139,994

B.A.K. PLANT HIRE LIMITED (REGISTERED NUMBER: 04253619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1st October 2023 72,489
Disposals (36,250 )
At 30th September 2024 36,239
DEPRECIATION
At 1st October 2023 30,017
Charge for year 6,795
Eliminated on disposal (20,957 )
At 30th September 2024 15,855
NET BOOK VALUE
At 30th September 2024 20,384
At 30th September 2023 42,472

5. DEBTORS
30.9.24 30.9.23
£    £   
Amounts falling due within one year:
Trade debtors 22,159 86,419
VAT 13 -
Prepayments and accrued income - 50,000
22,172 136,419

Amounts falling due after more than one year:
Other debtors 408,293 366,016

Aggregate amounts 430,465 502,435

B.A.K. PLANT HIRE LIMITED (REGISTERED NUMBER: 04253619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 9,168 8,535
Trade creditors 322 3,465
Corporation tax 66,161 121,138
VAT - 11,461
Directors' current accounts 3,341 3,341
Accruals and deferred income 5,350 2,850
94,342 160,790

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-2 years 9,758 19,758
Hire purchase contracts (see note 8) 3,197 12,365
12,955 32,123

8. LEASING AGREEMENTS

9. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax
Accelerated capital allowances 19,047 34,999

Deferred
tax
£   
Balance at 1st October 2023 34,999
Movement in the year due to :
changes in tax allowances (15,952 )
change in tax rates
Balance at 30th September 2024 19,047

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

B.A.K. PLANT HIRE LIMITED (REGISTERED NUMBER: 04253619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

11. CAPITAL COMMITMENTS
30.9.24 30.9.23
£    £   
Contracted but not provided for in the
financial statements - -

12. RELATED PARTY DISCLOSURES

During the year B.A.K. Plant Hire Limited hired plant to B.A.K. Civil Engineering Limited in the sum of £158,748 (2023: £338,064).

The balance owed by B.A.K. Civil Engineering Limited to B.A.K. Plant Hire Limited at 30 September 2024 amounted to £22,1599 (2023: £86,419). This amount is included in trade debtors.

B.A.K. Plant Hire Limited has a loan account with B.A.K. Civil Engineering Limited of £408,293 (2023: £366,016). This amount is shown in other debtors.

D M Keegan is a director of B.A.K. Plant Hire Limited and B.A.K. Civil Engineering Limited.

13. ULTIMATE CONTROLLING PARTY

The controlling party is D M Keegan.

The ultimate controlling party is D M Keegan.