Harkness Plant Hire Ltd NI061231 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is the provision of plant hire and related services Digita Accounts Production Advanced 6.30.9574.0 true NI061231 2023-11-01 2024-10-31 NI061231 2024-10-31 NI061231 bus:OrdinaryShareClass1 2024-10-31 NI061231 core:CurrentFinancialInstruments 2024-10-31 NI061231 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 NI061231 core:MotorVehicles 2024-10-31 NI061231 core:OtherPropertyPlantEquipment 2024-10-31 NI061231 bus:SmallEntities 2023-11-01 2024-10-31 NI061231 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 NI061231 bus:FilletedAccounts 2023-11-01 2024-10-31 NI061231 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 NI061231 bus:RegisteredOffice 2023-11-01 2024-10-31 NI061231 bus:Director1 2023-11-01 2024-10-31 NI061231 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 NI061231 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 NI061231 core:MotorCars 2023-11-01 2024-10-31 NI061231 core:MotorVehicles 2023-11-01 2024-10-31 NI061231 core:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 NI061231 core:PlantMachinery 2023-11-01 2024-10-31 NI061231 countries:NorthernIreland 2023-11-01 2024-10-31 NI061231 2023-10-31 NI061231 core:MotorVehicles 2023-10-31 NI061231 core:OtherPropertyPlantEquipment 2023-10-31 NI061231 2022-11-01 2023-10-31 NI061231 2023-10-31 NI061231 bus:OrdinaryShareClass1 2023-10-31 NI061231 core:CurrentFinancialInstruments 2023-10-31 NI061231 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 NI061231 core:MotorVehicles 2023-10-31 NI061231 core:OtherPropertyPlantEquipment 2023-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI061231

Harkness Plant Hire Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Harkness Plant Hire Ltd

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 5

 

Harkness Plant Hire Ltd

(Registration number: NI061231)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

58,447

69,328

Current assets

 

Debtors

5

15,920

17,483

Cash at bank and in hand

 

52,637

21,551

 

68,557

39,034

Creditors: Amounts falling due within one year

6

(42,505)

(22,547)

Net current assets

 

26,052

16,487

Total assets less current liabilities

 

84,499

85,815

Provisions for liabilities

(11,105)

(13,172)

Net assets

 

73,394

72,643

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

73,392

72,641

Shareholders' funds

 

73,394

72,643

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 July 2025 and signed on its behalf by:
 

.........................................
Mr Harold Harkness
Director

 

Harkness Plant Hire Ltd

Notes to the Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
2 Tullycoll Road
Cookstown
Co. Tyrone
BT80 9QY

These financial statements were authorised for issue by the Board on 23 July 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.

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.

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.

 

Harkness Plant Hire Ltd

Notes to the Financial Statements for the Year Ended 31 October 2024

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 - 25% reducing balance

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at cost less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

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

 

Harkness Plant Hire Ltd

Notes to the Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 November 2023

12,450

245,488

257,938

At 31 October 2024

12,450

245,488

257,938

Depreciation

At 1 November 2023

8,546

180,064

188,610

Charge for the year

976

9,905

10,881

At 31 October 2024

9,522

189,969

199,491

Carrying amount

At 31 October 2024

2,928

55,519

58,447

At 31 October 2023

3,904

65,424

69,328

5

Debtors

Current

2024
£

2023
£

Trade debtors

14,040

15,540

Prepayments

1,880

1,943

 

15,920

17,483

 

Harkness Plant Hire Ltd

Notes to the Financial Statements for the Year Ended 31 October 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,860

2,583

Taxation and social security

12,762

5,710

Accruals and deferred income

1,170

2,100

Other creditors

26,713

12,154

42,505

22,547

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       

8

Related party transactions

Other transactions with directors

During the year the directors advanced £14,559 to the company. At the balance sheet date the amount owed to the directors was £26,713 (2023 - £12,154). The advance is unsecured, interest free and repayable on demand.