IRIS Accounts Production v25.2.0.378 SC158583 Board of Directors Board of Directors 1.1.24 31.12.24 31.12.24 0 0 true false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC158583 2023-12-31 SC158583 2024-12-31 SC158583 2024-01-01 2024-12-31 SC158583 2022-12-31 SC158583 2023-01-01 2023-12-31 SC158583 2023-12-31 SC158583 ns15:Scotland 2024-01-01 2024-12-31 SC158583 ns14:PoundSterling 2024-01-01 2024-12-31 SC158583 ns10:Director1 2024-01-01 2024-12-31 SC158583 ns10:Director2 2024-01-01 2024-12-31 SC158583 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC158583 ns10:SmallEntities 2024-01-01 2024-12-31 SC158583 ns10:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC158583 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 SC158583 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC158583 ns10:FullAccounts 2024-01-01 2024-12-31 SC158583 ns10:Director3 2024-01-01 2024-12-31 SC158583 ns10:CompanySecretary1 2024-01-01 2024-12-31 SC158583 ns10:RegisteredOffice 2024-01-01 2024-12-31 SC158583 ns5:CurrentFinancialInstruments 2023-12-31 SC158583 ns5:CurrentFinancialInstruments 2024-12-31 SC158583 ns5:ShareCapital 2023-12-31 SC158583 ns5:ShareCapital 2024-12-31 SC158583 ns5:SharePremium 2023-12-31 SC158583 ns5:SharePremium 2024-12-31 SC158583 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 SC158583 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 SC158583 ns5:ShortLeaseholdAssets ns5:LandBuildings 2024-01-01 2024-12-31 SC158583 ns5:LeaseholdImprovements 2024-01-01 2024-12-31 SC158583 ns5:PlantMachinery 2024-01-01 2024-12-31 SC158583 ns5:MotorVehicles 2024-01-01 2024-12-31 SC158583 ns5:ShortLeaseholdAssets ns5:LandBuildings 2023-12-31 SC158583 ns5:LeaseholdImprovements 2023-12-31 SC158583 ns5:PlantMachinery 2023-12-31 SC158583 ns5:MotorVehicles 2023-12-31 SC158583 ns5:ShortLeaseholdAssets ns5:LandBuildings 2024-12-31 SC158583 ns5:LeaseholdImprovements 2024-12-31 SC158583 ns5:PlantMachinery 2024-12-31 SC158583 ns5:MotorVehicles 2024-12-31 SC158583 ns5:ShortLeaseholdAssets ns5:LandBuildings 2023-12-31 SC158583 ns5:LeaseholdImprovements 2023-12-31 SC158583 ns5:PlantMachinery 2023-12-31 SC158583 ns5:MotorVehicles 2023-12-31 SC158583 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2023-12-31 SC158583 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2024-12-31 SC158583 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2023-12-31 SC158583 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2024-12-31 SC158583 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2023-12-31 SC158583 ns5:HirePurchaseContracts ns5:WithinOneYear 2024-12-31 SC158583 ns5:HirePurchaseContracts ns5:WithinOneYear 2023-12-31 SC158583 ns5:HirePurchaseContracts ns5:CurrentFinancialInstruments ns5:WithinOneYear 2024-12-31 SC158583 ns5:HirePurchaseContracts ns5:CurrentFinancialInstruments ns5:WithinOneYear 2023-12-31

REGISTERED NUMBER: SC158583 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LAS PLANT HIRE LTD

LAS PLANT HIRE LTD (REGISTERED NUMBER: SC158583)

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 December 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

LAS PLANT HIRE LTD

COMPANY INFORMATION

for the Year Ended 31 December 2024

| DIRECTORS: | C M Murray

| R C Murray

| I M Bone

| SECRETARY: | Mrs J Murray

| REGISTERED OFFICE: | 9 Glasgow Road

| Paisley

| PA1 3QS

| REGISTERED NUMBER: | SC158583 (Scotland)

| ACCOUNTANTS: | John M Taylor & Co

| Chartered Accountants

| 9 Glasgow Road

| PAISLEY

| Renfrewshire

| PA1 3QS

| BANKERS: | Handelsbanken plc

| First Floor

| Camas House

| Fairways Business Park

| Inverness

| IV2 6AA

LAS PLANT HIRE LTD (REGISTERED NUMBER: SC158583)

BALANCE SHEET

31 December 2024

31.12.23 |  | 31.12.24 |

£ | £ |  | Notes | £ | £ |

| FIXED ASSETS

802,175 |  |  | Tangible assets | 5 | 417,726 |  |

| CURRENT ASSETS

620,882 |  |  | Debtors | 6 | 722,682 |  |

3,302 |  |  | Cash at bank | 50,410 |  |

624,184 |  | 773,092 |  |

| CREDITORS

285,708 |  |  | Amounts falling due within one year | 7 | 753,190 |  |

338,476 |  |  | NET CURRENT ASSETS | 19,902 |  |

1,140,651 |  |  | TOTAL ASSETS LESS CURRENT LIABILITIES | 437,628 |  |

314,710 |  |  | PROVISIONS FOR LIABILITIES | 232,288 |  |

825,941 |  |  | NET ASSETS | 205,340 |  |

| CAPITAL AND RESERVES

5,555 |  |  | Called up share capital | 5,555 |  |

27,445 |  |  | Share premium | 27,445 |  |

792,941 |  |  | Retained earnings | 172,340 |  |

825,941 |  |  | SHAREHOLDERS' FUNDS | 205,340 |  |

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

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

LAS PLANT HIRE LTD (REGISTERED NUMBER: SC158583)

BALANCE SHEET - continued

31 December 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 15 September 2025 and were signed on its behalf by:

C M Murray - Director

R C Murray - Director

LAS PLANT HIRE LTD (REGISTERED NUMBER: SC158583)

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| LAS Plant Hire Ltd is a private company, limited by shares , registered in Scotland. 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 significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

| Significant judgements and estimates

| The preparation of financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and reported amounts of assets, liabilities, income and expenses.The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised in the period in which the estimate is revised and in any future periods affected.

| The key areas of judgement that the directors have made in applying accounting policies and key sources of estimation uncertainty comprise:

| - Depreciation

| Depreciation rates are kept the same as prior years, but reviewed on an annual basis to ensure they reflect the useful life of the asset.

| Turnover

| Turnover represents the total invoice value, less credit notes, excluding value added tax, of sales made in the period.

| Revenue is recognised when goods or services are received by the customer and the risks and rewards of ownership have been passed to them. Revenue from the hire of equipment and services is recognised at the time the equipment is supplied or services have been rendered and accepted. Revenue is measured at the fair value of consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts and value added tax.

LAS PLANT HIRE LTD (REGISTERED NUMBER: SC158583)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2024

3. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Short leasehold | - | 10% on cost

| Improvements to property | - | 10% on cost

| Plant & machinery | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Tangible fixed assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment losses.

| Assets held under finance leases are depreciated in the same way as owned assets.

| At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

| Taxation

| Taxation represents the sum of tax currently payable and deferred tax on a non discounted basis.

| The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

| Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

| Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period which the liability is settled or the asset is realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the the future payments is treated as a liability.

| Rentals paid under operating leases are charged to the profit and loss account over the period of the lease.

| Debtors and creditors receivable /payable within one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

| Cash & cash equivalents

| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

LAS PLANT HIRE LTD (REGISTERED NUMBER: SC158583)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2024

3. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company mainly enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties and loans to and from related parties.

| Debt instruments that are payable or receivable within one year, typically trade debtors or creditors, are measured, initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid or received.

| Financial assets that are measured at cost and 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 the statement of comprehensive income.

| Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Dividends

| Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

| Dividends received are included in the company financial statements in the period in which the related dividends are actually paid, or in respect of the final dividend for the year, approved by shareholders.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2023 - NIL).

5. | TANGIBLE FIXED ASSETS

| Improvements |

| Short |  | to |  | Plant & |  | Motor

| Totals |  | leasehold |  | property |  | machinery |  | vehicles

£ | £ | £ | £ | £ |

| COST

| At 1 January 2024 | 1,930,025 |  | 34,124 |  | 84,953 |  | 1,681,958 |  | 128,990 |  |

| Disposals | (943,385 | ) | - |  | - |  | (859,695 | ) | (83,690 | ) |

| At 31 December 2024 | 986,640 |  | 34,124 |  | 84,953 |  | 822,263 |  | 45,300 |  |

| DEPRECIATION

| At 1 January 2024 | 1,127,850 |  | 34,124 |  | 77,228 |  | 924,716 |  | 91,782 |  |

| Charge for year | 83,089 |  | - |  | 7,725 |  | 71,880 |  | 3,484 |  |

| Eliminated on disposal | (642,025 | ) | - |  | - |  | (581,610 | ) | (60,415 | ) |

| At 31 December 2024 | 568,914 |  | 34,124 |  | 84,953 |  | 414,986 |  | 34,851 |  |

| NET BOOK VALUE

| At 31 December 2024 | 417,726 |  | - |  | - |  | 407,277 |  | 10,449 |  |

| At 31 December 2023 | 802,175 |  | - |  | 7,725 |  | 757,242 |  | 37,208 |  |

LAS PLANT HIRE LTD (REGISTERED NUMBER: SC158583)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2024

5. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant &

| machinery

£ |

| COST

| At 1 January 2024 | 685,500 |  |

| Transfer to ownership | (685,500 | ) |

| At 31 December 2024 | - |  |

| DEPRECIATION

| At 1 January 2024 | 261,393 |  |

| Transfer to ownership | (261,393 | ) |

| At 31 December 2024 | - |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  |

| At 31 December 2023 | 424,107 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade debtors | 130,000 |  | 266,609 |  |

| Amounts owed by group undertakings | 592,682 |  | 354,273 |  |

722,682 |  | 620,882 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Hire purchase contracts (see note 8) | - |  | 85,982 |  |

| Trade creditors | 54,205 |  | 102,767 |  |

| Amounts owed to group undertakings | 595,000 |  | - |  |

| Taxation and social security | 98,385 |  | 90,781 |  |

| Other creditors | 5,600 |  | 6,178 |  |

753,190 |  | 285,708 |  |

LAS PLANT HIRE LTD (REGISTERED NUMBER: SC158583)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2024

8. | LEASING AGREEMENTS

| Minimum lease payments under hire purchase fall due as follows:

| 31.12.24 |  | 31.12.23 |

£ | £ |

| Gross obligations repayable:

| Within one year | - |  | 91,031 |  |

| Finance charges repayable:

| Within one year | - |  | 5,049 |  |

| Net obligations repayable:

| Within one year | - |  | 85,982 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.12.24 |  | 31.12.23

£ | £ |

| Hire purchase contracts | - |  | 85,982 |  |

| The company, together with Limehillock Quarries Ltd and Colin Murray Development Ltd, has entered into a group overdraft facility provided by Handelsbanken plc.

| Each of the companies has granted a first and only Bond and Floating charge in favour of Svenska Handelsbanken AB (publ), the parent company of Handelsbanken plc, as security for those advances.

| In addition:

| - |  | there is also an unlimited intercompany composite guarantee granted by this company, Colin Murray Development Ltd and Limehillock Quarries Ltd in respect of each company's borrowing from the Bank. |  |

| - |  | the Bank holds first standard securities granted by Colin Murray Development Ltd over land that that company owns. |  |

| Obligations under hire purchase contracts are secured over the assets to which they relate.

10. | ULTIMATE CONTROLLING PARTY

| The immediate and ultimate parent of the company is Colin Murray Development Limited, a company registered in Scotland, and whose registered office is 9 Glasgow Road, Paisley, PA1 3QS.

| C M Murray and Mrs J Murray indirectly control the company, as a result of holding the majority of the issued share capital in the ultimate parent company between them.