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REGISTERED NUMBER: NI618947 (Northern Ireland)















VQ PLANT HIRE AND CIVIL ENGINEERING
LIMITED

Unaudited Financial Statements for the Year Ended 31 October 2024






VQ PLANT HIRE AND CIVIL ENGINEERING
LIMITED (REGISTERED NUMBER: NI618947)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


VQ PLANT HIRE AND CIVIL ENGINEERING
LIMITED

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Vincent Quinn
Maura Quinn
Aidan Quinn





REGISTERED OFFICE: 75B Orchard Road
Strabane
Co. Tyrone
BT82 9QT





REGISTERED NUMBER: NI618947 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Vq Plant Hire And Civil Engineering
Limited

The following reproduces the text of the report prepared for the directors in respect of the Company's annual unaudited financial statements. In accordance with the Companies Act 2006, the Company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.


In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the Company for the year ended 31 October 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Statement of Financial Position as at 31 October 2024 your duty to ensure that the Company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the Company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP


28 March 2025

VQ PLANT HIRE AND CIVIL ENGINEERING
LIMITED (REGISTERED NUMBER: NI618947)

Statement of Financial Position
31 OCTOBER 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Property, plant and equipment 5 252,825 205,365

CURRENT ASSETS
Receivables: amounts falling due within
one year

6

365,966

370,410
Cash at bank 164,186 210,677
530,152 581,087
PAYABLES
Amounts falling due within one year 7 (93,246 ) (62,635 )
NET CURRENT ASSETS 436,906 518,452
TOTAL ASSETS LESS CURRENT
LIABILITIES

689,731

723,817

PAYABLES
Amounts falling due after more than
one year

8

(52,084

)

(37,984

)

PROVISIONS FOR LIABILITIES 9 (62,929 ) (43,695 )
NET ASSETS 574,718 642,138

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 574,618 642,038
SHAREHOLDERS' FUNDS 574,718 642,138

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

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

VQ PLANT HIRE AND CIVIL ENGINEERING
LIMITED (REGISTERED NUMBER: NI618947)

Statement of Financial Position - continued
31 OCTOBER 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 28 March 2025 and were signed on its behalf by:





Vincent Quinn - Director


VQ PLANT HIRE AND CIVIL ENGINEERING
LIMITED (REGISTERED NUMBER: NI618947)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Vq Plant Hire And Civil Engineering Limited is a private company, limited by shares , registered in Northern Ireland. 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 accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

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

Property, plant and equipment
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery25 % Reducing Balance
Fixtures, fittings and equipment25 % Reducing Balance
Motor vehicles25 % Reducing Balance

Taxation
Taxation for the year 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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Property, plant and equipment held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Statement of Financial Position at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Income Statement.

VQ PLANT HIRE AND CIVIL ENGINEERING
LIMITED (REGISTERED NUMBER: NI618947)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

3. ACCOUNTING POLICIES - continued

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.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Trade and other receivables
Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. in such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other payables
Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 11 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 November 2023 556,166 2,969 86,400 645,535
Additions 134,669 - 21,000 155,669
Disposals (75,000 ) - (16,500 ) (91,500 )
At 31 October 2024 615,835 2,969 90,900 709,704
DEPRECIATION
At 1 November 2023 380,826 2,338 57,006 440,170
Charge for year 54,357 158 6,182 60,697
Eliminated on disposal (39,863 ) - (4,125 ) (43,988 )
At 31 October 2024 395,320 2,496 59,063 456,879
NET BOOK VALUE
At 31 October 2024 220,515 473 31,837 252,825
At 31 October 2023 175,340 631 29,394 205,365

6. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade receivables 143,255 115,832
Other receivables 34,169 34,169
Amounts owed by group undertakings 130,000 130,000
Directors' current accounts - 33,451
Tax 39,865 40,718
VAT 5,696 6,987
Prepayments and accrued income 12,981 9,253
365,966 370,410

VQ PLANT HIRE AND CIVIL ENGINEERING
LIMITED (REGISTERED NUMBER: NI618947)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

7. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 16,438 12,769
Hire purchase contracts 32,874 17,820
Trade payables 21,579 13,143
Tax - (132 )
Pension payable 844 585
Directors' current accounts 3,061 -
Accruals and deferred income 18,450 18,450
93,246 62,635

8. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2024 2023
£ £
Bank loans - 1-2 years 6,045 15,593
Hire purchase contracts 46,039 22,391
52,084 37,984

9. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 62,929 43,695

Deferred tax
£
Balance at 1 November 2023 43,695
Provided during year 19,234
Balance at 31 October 2024 62,929

10. RELATED PARTY DISCLOSURES

The directors of VQ Plant Hire and Civil Engineering Limited are also directors in VQ Property Ltd. The company has advanced funds to VQ Property Ltd. At 31 October 2024 the balance owed to the company was £130,000.