REGISTERED NUMBER: 05990020 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

O Plant Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R W Ellis

SECRETARY:

R W Ellis

REGISTERED OFFICE:

Paradise Laithe

Bolton Road

Addingham

Ilkley

West Yorkshire

LS29 0RQ

REGISTERED NUMBER:

05990020 (England and Wales)

ACCOUNTANTS:

SKS Bailey Group Limited

Suite 4, 10/12 The Grove,

Ilkley

West Yorkshire

LS29 9EG

Fixed assets

Tangible assets

3

60,335

49,626

Current assets

Debtors

4

2,165

1,182

Cash at bank

3,065

2,977

5,230

4,159

Creditors

Amounts falling due within one year

5

(30,104

)

(34,395

)

Net current liabilities

(24,874

)

(30,236

)

Total assets less current liabilities

35,461

19,390

Creditors

Amounts falling due after more than one year

6

(2,533

)

(1,054

)

Provisions for liabilities

7

(7,551

)

(4,779

)

Net assets

25,377

13,557

Capital and reserves

Called up share capital

8

1,000

1,000

Retained earnings

9

24,377

12,557

Shareholders' funds

25,377

13,557

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 director acknowledges his 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 director and authorised for issue on 25 September 2025 and were signed by:

R W Ellis - Director

1.	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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost and 10% on cost

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 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.

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 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

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

2.	EMPLOYEES AND DIRECTORS

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

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

87,750

Additions

26,000

Disposals

(21,250

)

At 31 December 2024

92,500

DEPRECIATION

At 1 January 2024

38,124

Charge for year

6,083

Eliminated on disposal

(12,042

)

At 31 December 2024

32,165

NET BOOK VALUE

At 31 December 2024

60,335

At 31 December 2023

49,626

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

Plant and

machinery

£

COST

At 1 January 2024

87,750

Additions

26,000

Disposals

(21,250

)

At 31 December 2024

92,500

DEPRECIATION

At 1 January 2024

38,124

Charge for year

6,083

Eliminated on disposal

(12,042

)

At 31 December 2024

32,165

NET BOOK VALUE

At 31 December 2024

60,335

At 31 December 2023

49,626

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

759

-

Prepayments and accrued income

1,406

1,182

2,165

1,182

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

4,422

8,759

Trade creditors

2,269

1,416

Social security and other tax

-

873

Other creditors

4,783

4,750

Director's current account

18,095

18,095

Accrued expenses

535

502

30,104

34,395

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

2,533

1,054

7.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

7,551

4,779

Deferred

tax

£

Balance at 1 January 2024

4,779

Provided during year

2,772

Balance at 31 December 2024

7,551

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.

RESERVES

Retained

earnings

£

At 1 January 2024

12,557

Profit for the year

11,820

At 31 December 2024

24,377

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the company supplied goods and services of £15,000 (2023 £15,592) to R W Ellis Ltd, a company in which R W Ellis is materially interested. At 31st December 2024 O Plant Limited owed £4,783 to the R W Ellis Ltd. (2023 £4,750).

No dividends were paid to the Director during the year (2023 Nil). The amount owing to the director at 31st December 2024 was £18,095 (2023 £18,095).