GV Plant Hire Ltd - Filleted accounts

Registered number

11651960

GV Plant Hire Ltd

Filleted Accounts

31 October 2024

GV Plant Hire Ltd
Registered number:		11651960
Balance Sheet
as at 31 October 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		285,701			298,408

Current assets
Debtors	4	36,253			752
Cash at bank and in hand		9,527			36,304
		45,780			37,056

Creditors: amounts falling due within one year	5	(64,892)			(39,147)

Net current liabilities			(19,112)			(2,091)

Total assets less current liabilities			266,589			296,317

Creditors: amounts falling due after more than one year	6		(81,466)			(134,205)



Net assets			185,123			162,112

Capital and reserves
Called up share capital			20			20
Profit and loss account			185,103			162,092

Shareholder's funds			185,123			162,112

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Gary Varley
Director
Approved by the board on 29 October 2025

GV Plant Hire Ltd
Notes to the Accounts
for the year ended 31 October 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5-10 years
	Motor vehicles	25% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 November 2023	392,186		37,914		430,100
	Additions	12,151		21,800		33,951
	At 31 October 2024	404,337		59,714		464,051

	Depreciation
	At 1 November 2023	117,135		14,557		131,692
	Charge for the year	40,818		5,840		46,658
	At 31 October 2024	157,953		20,397		178,350

	Net book value
	At 31 October 2024	246,384		39,317		285,701
	At 31 October 2023	275,051		23,357		298,408


4	Debtors			2024		2023
£					£

	Trade debtors			36,253		752


5	Creditors: amounts falling due within one year			2024		2023
£					£

	Bank loans and overdrafts			6,217		6,064
	Obligations under finance lease and hire purchase contracts			24,247		18,900
	Trade creditors			24,203		-
	Taxation and social security costs			6,494		9,076
	Other creditors			3,731		5,107
				64,892		39,147


6	Creditors: amounts falling due after one year			2024		2023
£					£

	Bank loans			3,697		9,742
	Obligations under finance lease and hire purchase contracts			9,109		48,262
	Other creditors			68,660		76,201
				81,466		134,205


7	Loans			2024		2023
£					£
	Creditors include:

	Secured bank loans			33,355		67,162

	Various HP agreements secured against tangible Fixed Assets.


8	Other information

	GV Plant Hire Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	60 Butterfield Drive
	Eaglescliffe
	Stockton-on-Tees
	TS16 0EZ