Lancashire Plant & Tool Hire Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 1048446

Lancashire Plant & Tool Hire Limited

Filleted Unaudited Financial Statements

28 February 2025

Lancashire Plant & Tool Hire Limited

Financial Statements

Period from 1 October 2023 to 28 February 2025

Contents	Page

Officers and professional advisers	1

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Lancashire Plant & Tool Hire Limited

Officers and Professional Advisers

The board of directors	L L Thomas
	S L C Thomas
	W L Thomas

Registered office	Tai Hirion Pen Y Cefn
	Caerwys
	Mold
	Wales
	CH7 5BL

Accountants	Riverside Accountancy Lancaster Limited
	Chartered accountants
	Suite 2, 2 Mannin Way
	Lancaster Business Park
	Caton Road
	Lancaster
	LA1 3SU

Bankers	HSBC plc
	40 Fishergate
	Preston
	PR1 2DE

Lancashire Plant & Tool Hire Limited

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Lancashire Plant & Tool Hire Limited

Period from 1 October 2023 to 28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lancashire Plant & Tool Hire Limited for the period ended 28 February 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Lancashire Plant & Tool Hire Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Lancashire Plant & Tool Hire Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lancashire Plant & Tool Hire Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lancashire Plant & Tool Hire Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lancashire Plant & Tool Hire Limited. You consider that Lancashire Plant & Tool Hire Limited is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of Lancashire Plant & Tool Hire Limited. 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 statutory financial statements.

Riverside Accountancy Lancaster Limited Chartered accountants

Suite 2, 2 Mannin Way Lancaster Business Park Caton Road Lancaster LA1 3SU

31 July 2025

Lancashire Plant & Tool Hire Limited

Statement of Financial Position

28 February 2025

	28 Feb 25	30 Sep 23
		(restated)
Note	£	£

Fixed assets

Tangible assets	5	82,633	94,987

Current assets

Stocks		350	300
Debtors	6	19,262	35,518
Cash at bank and in hand		10,192	30,989
		--------	--------
		29,804	66,807

Creditors: amounts falling due within one year	7	28,246	50,619
		--------	--------
Net current assets		1,558	16,188
		--------	---------
Total assets less current liabilities		84,191	111,175

Creditors: amounts falling due after more than one year	8	–	5,417

Provisions	1,027	1,659
	--------	---------
Net assets	83,164	104,099
	--------	---------

Capital and reserves

Called up share capital	10	1,000	1,000
Profit and loss account		82,164	103,099
		--------	---------
Shareholders funds		83,164	104,099
		--------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 28 February 2025 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 financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Lancashire Plant & Tool Hire Limited

Statement of Financial Position (continued)

28 February 2025

These financial statements were approved by the board of directors and authorised for issue on 31 July 2025 , and are signed on behalf of the board by:

L L Thomas

Director

Company registration number: 1048446

Lancashire Plant & Tool Hire Limited

Notes to the Financial Statements

Period from 1 October 2023 to 28 February 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Tai Hirion Pen Y Cefn, Caerwys, Mold, Wales, CH7 5BL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have been rounded to the nearest £1.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15- 25% reducing balance
Fixtures and fittings	-	20% reducing balance
Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 5 (2023: 5 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 October 2023 (as restated)	411,177	7,917	13,764	432,858
Additions	12,354	–	5,890	18,244
Disposals	( 36,054)	–	( 7,100)	( 43,154)
	---------	-------	--------	---------
At 28 February 2025	387,477	7,917	12,554	407,948
	---------	-------	--------	---------
Depreciation
At 1 October 2023	321,911	6,960	9,000	337,871
Charge for the period	16,752	270	2,543	19,565
Disposals	( 21,557)	–	( 10,564)	( 32,121)
	---------	-------	--------	---------
At 28 February 2025	317,106	7,230	979	325,315
	---------	-------	--------	---------
Carrying amount
At 28 February 2025	70,371	687	11,575	82,633
	---------	-------	--------	---------
At 30 September 2023	89,266	957	4,764	94,987
	---------	-------	--------	---------

6. Debtors

	28 Feb 25	30 Sep 23
		(restated)
	£	£
Trade debtors	15,309	26,743
Other debtors	3,953	8,775
	--------	--------
	19,262	35,518
	--------	--------

7. Creditors: amounts falling due within one year

	28 Feb 25	30 Sep 23
		(restated)
	£	£
Trade creditors	955	3,896
Corporation tax	17,158	15,448
Social security and other taxes	2,885	5,733
Other creditors	7,248	25,542
	--------	--------
	28,246	50,619
	--------	--------

8. Creditors: amounts falling due after more than one year

	28 Feb 25	30 Sep 23
		(restated)
	£	£
Other creditors	–	5,417
	----	-------

9. Prior period errors

A review of fixed assets highlighted some assets which were not included on the fixed asset register from prior periods. These have been brought into the accounts as a prior period adjustment with an addition to cost brought forward and a corresponding entry to accumulated depreciation for £42,227. This has had no impact to the profit and loss reserves.

10. Called up share capital

Issued, called up and fully paid

	28 Feb 25		30 Sep 23
			(restated)
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------

11. Directors' advances, credits and guarantees

During the period the directors entered into the following advances and credits with the company:

	28 Feb 25
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
M S Duerden	2,676	5,338	( 8,014)	–
C P Gavell	951	1,305	( 2,256)	–
S B Gavell	( 9,461)	15,461	( 6,000)	–
	-------	--------	--------	----
	( 5,834)	22,104	( 16,270)	–
	-------	--------	--------	----

	30 Sep 23
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
M S Duerden	282	5,387	( 2,993)	2,676
C P Gavell	( 1,670)	2,619	–	949
S B Gavell	( 12,682)	3,246	( 24)	(9,460)
	--------	--------	-------	-------
	( 14,070)	11,252	( 3,017)	(5,835)
	--------	--------	-------	-------

The loans are interest free and repayable on demand.

12. Controlling party

The company is controlled by its directors.