Company Registration No. 03816091 (England and Wales)
Gorringe Plant Limited
Unaudited accounts
for the year ended 31 July 2025
Gorringe Plant Limited
Unaudited accounts
Contents
Gorringe Plant Limited
Company Information
for the year ended 31 July 2025
Directors
F A Gorringe
P J Gorringe
T P J Gorringe
Company Number
03816091 (England and Wales)
Registered Office
Broomfield Farm, South Lane
Dallington
Heathfield
East Sussex
TN21 9NJ
United Kingdom
Accountants
Worthweld PT Limited
5 Field End
Maresfield
Uckfield
East Sussex
TN22 2DJ
Gorringe Plant Limited
Statement of financial position
as at 31 July 2025
Tangible assets
883,842
871,098
Investment property
250,781
250,781
Cash at bank and in hand
500,247
381,630
Creditors: amounts falling due within one year
(192,007)
(184,586)
Net current assets
435,503
328,366
Total assets less current liabilities
1,570,126
1,450,245
Creditors: amounts falling due after more than one year
(42,711)
(54,513)
Provisions for liabilities
Deferred tax
(220,962)
(217,776)
Net assets
1,306,453
1,177,956
Called up share capital
2
2
Profit and loss account
1,306,451
1,177,954
Shareholders' funds
1,306,453
1,177,956
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by
P J Gorringe
Director
Company Registration No. 03816091
Gorringe Plant Limited
Notes to the Accounts
for the year ended 31 July 2025
Gorringe Plant Limited is a private company, limited by shares, registered in England and Wales, registration number 03816091. The registered office is Broomfield Farm, South Lane, Dallington, Heathfield, East Sussex, TN21 9NJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% per annum on the reducing balance method
Motor vehicles
25% per annum on the reducing balance method
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Gorringe Plant Limited
Notes to the Accounts
for the year ended 31 July 2025
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2024
1,259,229
350,216
1,609,445
Additions
182,231
76,904
259,135
Disposals
(166,492)
(82,742)
(249,234)
At 31 July 2025
1,274,968
344,378
1,619,346
At 1 August 2024
539,945
198,402
738,347
Charge for the year
108,730
40,221
148,951
On disposals
(93,153)
(58,641)
(151,794)
At 31 July 2025
555,522
179,982
735,504
At 31 July 2025
719,446
164,396
883,842
At 31 July 2024
719,284
151,814
871,098
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
307,887
244,279
Fair value at 1 August 2024
250,781
Gorringe Plant Limited
Notes to the Accounts
for the year ended 31 July 2025
Amounts falling due within one year
Trade debtors
76,655
80,812
Accrued income and prepayments
31,533
27,231
7
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
73,991
60,808
Trade creditors
24,224
12,732
Taxes and social security
53,641
66,108
Other creditors
37,689
42,301
Loans from directors
12
187
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
42,711
54,513
9
Deferred taxation
2025
2024
Accelerated capital allowances
220,962
217,776
Provision at start of year
217,776
201,497
Charged to the profit and loss account
3,186
16,279
Provision at end of year
220,962
217,776
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Gorringe Plant Limited
Notes to the Accounts
for the year ended 31 July 2025
11
Operating lease commitments
2025
2024
At 31 July 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
73,991
60,808
Later than one year and not later than five years
42,711
54,513
12
Transactions with related parties
The company is controlled by the Directors.
The Directors during the year were paid dividends totalling £44000 (2024: £87500).
The Directors received rent totalling £15000 (2024: £15000).
The Directors were paid pensions totalling £105000 (2024: £30000)
No other transactions required reporting during the year.
13
Average number of employees
During the year the average number of employees was 8 (2024: 9).