EcoDynamic Plant and Equipment Hire Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08685537

EcoDynamic Plant and Equipment Hire Limited

Filleted Unaudited Financial Statements

31 January 2025

EcoDynamic Plant and Equipment Hire Limited

Financial Statements

Year ended 31 January 2025

CONTENTS	PAGE

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

EcoDynamic Plant and Equipment Hire Limited

Officers and Professional Advisers

The board of directors	Mr J Gregory
	Mr O Smith

Registered office	Hardwick Farm
	Five Lanes
	Caewent
	Newport
	Monmouthshire
	Wales
	NP23 5PH

Accountants	James & Uzzell Ltd
	Chartered Certified Accountants
	Axis 15, Axis Court
	Mallard Way
	Riverside Business Park
	Swansea
	SA7 0AJ

EcoDynamic Plant and Equipment Hire Limited

Statement of Financial Position

31 January 2025

	2025	2024
Note	£	£

FIXED ASSETS

Tangible assets	5	797,829	809,637
Investments	6	2	2
		---------	---------
		797,831	809,639

CURRENT ASSETS

Debtors	7	48,657	30,000
Cash at bank and in hand		15,206	1,567
		--------	--------
		63,863	31,567

CREDITORS: amounts falling due within one year	8	230,357	265,128
		---------	---------
NET CURRENT LIABILITIES		166,494	233,561
		---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES		631,337	576,078

CREDITORS: amounts falling due after more than one year	9	390,601	500,057

PROVISIONS	136,543	75,196
	---------	---------
NET ASSETS	104,193	825
	---------	---------

CAPITAL AND RESERVES

Called up share capital	10	2	2
Profit and loss account		104,191	823
		---------	----
SHAREHOLDERS FUNDS		104,193	825
		---------	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the 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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

EcoDynamic Plant and Equipment Hire Limited

Statement of Financial Position (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 26 October 2025 , and are signed on behalf of the board by:

Julian Gregory

Director

Company registration number: 08685537

EcoDynamic Plant and Equipment Hire Limited

Notes to the Financial Statements

Year ended 31 January 2025

1. GENERAL INFORMATION

EcoDynamic Plant and Equipment Hire Limited is a private company limited by shares incorporated in England & Wales, United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements. The nature of the company's operations and principal activities is the hire of equipment for the use in environmentally friendly site preparation.

2. STATEMENT OF COMPLIANCE

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 'The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102)', Section 1A for Small Entities and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1. The reporting period of these financial statements and its comparative period is 12 months. These financial statements only include the results of the individual entity made up to 31 January 2025. 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.

Going concern

The director has considered the future trading position of the company and is confident that the going concern principle can be applied to the financial statements.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Critical accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below

(i) Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See notes for the carrying amount of the property plant and equipment, and the depreciation accounting policy for the useful economic lives for each class of assets.

(ii) Impairment of debtors

The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. See notes for the net carrying amount of the debtors and associated impairment provision.

(iii) Provisions

Estimates are used in determining the value of provisions when recognised. This will be based on historical information, known expectations and reasonable outcomes

(iv) Going Concern

The assessment of going concern may include the use of critical judgements in respect of impact of various external factors such as political, economic and social issues. Material uncertainties are considered in this regard

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows: Rendering of services When the outcome of a transaction can be estimated reliably, turnover from hire of equipment is recognised by reference to the stage of completion at the balance sheet date. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable. Dividends receivable Dividend income is recognised as the company's right to receive payment is established.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	10% straight line
Fixtures and fittings	-	20% straight line
Motor vehicles	-	20% straight line

Freehold Property - 0%

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Finance leases and hire purchase contracts

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Where goods are sold using finance leases, the entity recognises turnover from the sale of goods and the rights to receive future lease payments as a debtor. Minimum lease payments are apportioned between finance income and the reduction of the lease debtor with finance income allocated so as to produce a constant periodic rate of interest on the net investment in the finance lease.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. TANGIBLE ASSETS

	Freehold property	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 February 2024	27,180	1,166,236	430,245	1,623,661
Additions	–	50,000	210,390	260,390
Disposals	–	( 166,301)	–	( 166,301)
	--------	------------	---------	------------
At 31 January 2025	27,180	1,049,935	640,635	1,717,750
	--------	------------	---------	------------
Depreciation
At 1 February 2024	–	623,576	190,448	814,024
Charge for the year	–	87,215	100,011	187,226
Disposals	–	( 81,329)	–	( 81,329)
	--------	------------	---------	------------
At 31 January 2025	–	629,462	290,459	919,921
	--------	------------	---------	------------
Carrying amount
At 31 January 2025	27,180	420,473	350,176	797,829
	--------	------------	---------	------------
At 31 January 2024	27,180	542,660	239,797	809,637
	--------	------------	---------	------------

6. INVESTMENTS

	Shares in group undertakings
	£
Cost
At 1 February 2024 and 31 January 2025	2
	----
Impairment
At 1 February 2024 and 31 January 2025	–
	----

Carrying amount
At 31 January 2025	2
	----
At 31 January 2024	2
	----

7. DEBTORS

	2025	2024
	£	£
Trade debtors	30,000	30,000
Other debtors	18,657	–
	--------	--------
	48,657	30,000
	--------	--------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	17,875	14,682
Corporation tax	–	8,471
Social security and other taxes	–	1,517
Other creditors	212,482	240,458
	---------	---------
	230,357	265,128
	---------	---------

The hire purchase contracts are secured. The aggregate amount of secured liabilities is £195,416 (2024 : £206,528).

9. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	390,601	500,057
	---------	---------

The hire purchase contracts are secured. The aggregate amount of secured liabilities is £390,601 (2024 : £500,057).

10. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

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

11. RELATED PARTY TRANSACTIONS

Exemption under Section 33.1A has been claimed to not disclose transactions for 100% group companies.