Registration number: 06479365

Quin Plant Hire Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Quin Plant Hire Limited

Company Information

Director

J F Quin

Registered office

35 Waters Upton Telford Shropshire TF6 6NZ

Accountants

CBSL Accountants Limited Chartered Accountants Rowan House North 1 The Professional Quarter Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

Quin Plant Hire Limited

(Registration number: 06479365)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	36,469	27,448
Current assets
Debtors	5	11,286	5,269
Cash at bank and in hand		24,370	21,590
		35,656	26,859
Creditors: Amounts falling due within one year	6	(27,188)	(13,285)
Net current assets		8,468	13,574
Total assets less current liabilities		44,937	41,022
Creditors: Amounts falling due after more than one year	6	(20,126)	(10,505)
Provisions for liabilities		(6,915)	(5,213)
Net assets		17,896	25,304
Capital and reserves
Called up share capital	7	2	2
Retained earnings		17,894	25,302
Shareholders' funds		17,896	25,304

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Quin Plant Hire Limited

(Registration number: 06479365)
Balance Sheet as at 31 January 2025

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 October 2025
 

J F Quin Director

Quin Plant Hire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
35 Waters Upton
Telford
Shropshire
TF6 6NZ
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Quin Plant Hire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% straight line
Motor vehicles	20% straight line
Office equipment	25% straight line

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Quin Plant Hire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4	Tangible assets

	Fixtures and fittings  £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2024	72,047	15,500	87,547
Additions	-	29,039	29,039
Disposals	-	(15,500)	(15,500)
At 31 January 2025	72,047	29,039	101,086
Depreciation
At 1 February 2024	47,957	12,142	60,099
Charge for the year	13,998	4,341	18,339
Eliminated on disposal	-	(13,821)	(13,821)
At 31 January 2025	61,955	2,662	64,617
Carrying amount
At 31 January 2025	10,092	26,377	36,469
At 31 January 2024	24,090	3,358	27,448

Included within the net book value are assets held under hire purchase agreements with a net book value of £8,750 (2024 - £21,875). The depreciation charge for the year for such assets totalled £13,125 (2024 - £13,125).

5

Debtors

Current	2025 £	2024 £
Trade debtors	4,616	349
Prepayments	2,175	2,143
Other debtors	4,495	2,777
	11,286	5,269

Quin Plant Hire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	12,467	6,303
Taxation and social security		2,812	4,978
Accruals and deferred income		1,305	901
Other creditors		10,604	1,103
		27,188	13,285

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	20,126	10,505

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2

Quin Plant Hire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	20,126	10,505

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	12,467	6,303

The hire purchase liabilities are secured against the assets to which they relate.

9	Related party transactions

As at the balance sheet date the company owed the director £10,604 (2024 - £1,103), which is included in Other creditors. The loan is interest free and with no fixed terms of repayment.

The company is controlled by the director.