Transport and Plant Control Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05576711

Transport and Plant Control Limited

Filleted Unaudited Financial Statements

31 May 2025

Transport and Plant Control Limited

Statement of Financial Position

31 May 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	5,104,454	4,969,263

Current assets

Debtors	6	114,711	380,465
Cash at bank and in hand		289,819	350,828
		---------	---------
		404,530	731,293

Creditors: amounts falling due within one year	7	1,988,458	2,379,682
		------------	------------
Net current liabilities		1,583,928	1,648,389
		------------	------------
Total assets less current liabilities		3,520,526	3,320,874

Creditors: amounts falling due after more than one year	8	92,196	201,157

Provisions	894,188	397,812
	------------	------------
Net assets	2,534,142	2,721,905
	------------	------------

Capital and reserves

Called up share capital	9	100	100
Profit and loss account		2,534,042	2,721,805
		------------	------------
Shareholders funds		2,534,142	2,721,905
		------------	------------

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 income statement has not been delivered.

For the year ending 31 May 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 .

Transport and Plant Control Limited

Statement of Financial Position (continued)

31 May 2025

These financial statements were approved by the board of directors and authorised for issue on 18 December 2025 , and are signed on behalf of the board by:

Mr JC Mathias

Director

Company registration number: 05576711

Transport and Plant Control Limited

Notes to the Financial Statements

Year ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Parcau Isaf Farm, Laleston, Bridgend, CF32 0NB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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	-	20% and 12.5% straight line
Fixtures and fittings	-	20% straight line

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 21 (2024: 22 ).

5. Tangible assets

	Freehold property	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost
At 1 June 2024	125,000	10,208,865	107,585	10,441,450
Additions	–	1,799,870	–	1,799,870
Disposals	–	( 929,155)	–	( 929,155)
	---------	-------------	---------	-------------
At 31 May 2025	125,000	11,079,580	107,585	11,312,165
	---------	-------------	---------	-------------
Depreciation
At 1 June 2024	–	5,395,135	77,052	5,472,187
Charge for the year	–	1,582,090	11,517	1,593,607
Disposals	–	( 858,083)	–	( 858,083)
	---------	-------------	---------	-------------
At 31 May 2025	–	6,119,142	88,569	6,207,711
	---------	-------------	---------	-------------
Carrying amount
At 31 May 2025	125,000	4,960,438	19,016	5,104,454
	---------	-------------	---------	-------------
At 31 May 2024	125,000	4,813,730	30,533	4,969,263
	---------	-------------	---------	-------------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Plant and machinery
	£
At 31 May 2025	703,645
	---------
At 31 May 2024	1,086,052
	------------

6. Debtors

	2025	2024
	£	£
Trade debtors	114,276	265,299
Other debtors	435	115,166
	---------	---------
	114,711	380,465
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,214	10,214
Trade creditors	330,370	304,224
Corporation tax	–	65,124
Social security and other taxes	103,088	9,740
Other creditors	1,544,786	1,990,380
	------------	------------
	1,988,458	2,379,682
	------------	------------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	2,021	12,235
Other creditors	90,175	188,922
	--------	---------
	92,196	201,157
	--------	---------

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----