IRIS Accounts Production v25.1.4.42 12540500 Board of Directors 1.4.23 27.3.24 27.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh125405002023-03-31125405002024-03-27125405002023-04-012024-03-27125405002022-03-31125405002022-04-012023-03-31125405002023-03-3112540500ns15:EnglandWales2023-04-012024-03-2712540500ns14:PoundSterling2023-04-012024-03-2712540500ns10:Director12023-04-012024-03-2712540500ns10:PrivateLimitedCompanyLtd2023-04-012024-03-2712540500ns10:SmallEntities2023-04-012024-03-2712540500ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-2712540500ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-2712540500ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-2712540500ns10:FullAccounts2023-04-012024-03-2712540500ns10:Director22023-04-012024-03-2712540500ns10:RegisteredOffice2023-04-012024-03-2712540500ns5:CurrentFinancialInstruments2024-03-2712540500ns5:CurrentFinancialInstruments2023-03-3112540500ns5:ShareCapital2024-03-2712540500ns5:ShareCapital2023-03-3112540500ns5:RetainedEarningsAccumulatedLosses2024-03-2712540500ns5:RetainedEarningsAccumulatedLosses2023-03-3112540500ns5:PlantMachinery2023-03-3112540500ns5:PlantMachinery2023-04-012024-03-2712540500ns5:PlantMachinery2024-03-2712540500ns5:PlantMachinery2023-03-3112540500ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-2712540500ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31125405001ns10:Director12023-03-31125405001ns10:Director12022-03-31125405001ns10:Director12023-04-012024-03-27125405001ns10:Director12022-04-012023-03-31125405001ns10:Director12024-03-27125405001ns10:Director12023-03-31
REGISTERED NUMBER: 12540500 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2023 to 27 March 2024

for

Clover Truck and Plant Hire Limited

Clover Truck and Plant Hire Limited (Registered number: 12540500)






Contents of the Financial Statements
for the Period 1 April 2023 to 27 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Clover Truck and Plant Hire Limited

Company Information
for the Period 1 April 2023 to 27 March 2024







DIRECTORS: S M O'Grady
D Waring





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 12540500 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Clover Truck and Plant Hire Limited (Registered number: 12540500)

Balance Sheet
27 March 2024

27.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 791,681 409,646

CURRENT ASSETS
Stocks 1,124,903 1,491,029
Debtors 5 299,829 361,770
Prepayments and accrued income 287,000 58,100
Cash at bank 32,761 1,787,037
1,744,493 3,697,936
CREDITORS
Amounts falling due within one year 6 2,111,381 3,092,535
NET CURRENT (LIABILITIES)/ASSETS (366,888 ) 605,401
TOTAL ASSETS LESS CURRENT
LIABILITIES

424,793

1,015,047

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 424,693 1,014,947
424,793 1,015,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 March 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.

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 5 August 2025 and were signed on its behalf by:




S M O'Grady - Director


Clover Truck and Plant Hire Limited (Registered number: 12540500)

Notes to the Financial Statements
for the Period 1 April 2023 to 27 March 2024

1. STATUTORY INFORMATION

Clover Truck and 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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover 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 each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Taxation
Taxation for the period 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 balance sheet date.


Clover Truck and Plant Hire Limited (Registered number: 12540500)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 27 March 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 488,666
Additions 470,000
At 27 March 2024 958,666
DEPRECIATION
At 1 April 2023 79,020
Charge for period 87,965
At 27 March 2024 166,985
NET BOOK VALUE
At 27 March 2024 791,681
At 31 March 2023 409,646

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.3.24 31.3.23
£    £   
Trade debtors 295,388 360,932
Other debtors 4,441 838
299,829 361,770

Clover Truck and Plant Hire Limited (Registered number: 12540500)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 27 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.3.24 31.3.23
£    £   
Trade creditors 1,115,162 1,176,123
Amounts owed to associates 725,635 1,429,472
Taxation and social security 260,336 281,541
Other creditors 10,248 205,399
2,111,381 3,092,535

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 27 March 2024 and the year ended 31 March 2023:

27.3.24 31.3.23
£    £   
S M O'Grady
Balance outstanding at start of period (202,899 ) (21,169 )
Amounts advanced 222,899 252
Amounts repaid (20,000 ) (181,982 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - (202,899 )

8. RELATED PARTY DISCLOSURES

A balance of £722,435 (2023: £1,426,272) owing from Clover Holdings Limited, the parent company of Clover Truck and Plant Hire Limited and a company under the control of Mr S M O'Grady, was included within creditors falling due within one year.

A balance of £3,200 (2023: £3,200) owing to Clover Equipment UK Limited, a company under the control of Mr S M O'Grady by virtue of his shareholding in Clover Holdings Limited, was included within creditors failling due within one year.

The loans are interest free and repayable on demand.