1 4 Trade Plant & Tool Hire Limited 11436334 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is 77320 - Renting and leasing of construction and civil engineering machinery and equipment Digita Accounts Production Advanced 6.30.9574.0 true false true 11436334 2023-09-01 2024-08-31 11436334 2024-08-31 11436334 core:CurrentFinancialInstruments 2024-08-31 11436334 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 11436334 core:FurnitureFittings 2024-08-31 11436334 core:LandBuildings core:ShortLeaseholdAssets 2024-08-31 11436334 core:PlantMachinery 2024-08-31 11436334 bus:SmallEntities 2023-09-01 2024-08-31 11436334 bus:Audited 2023-09-01 2024-08-31 11436334 bus:FilletedAccounts 2023-09-01 2024-08-31 11436334 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11436334 bus:RegisteredOffice 2023-09-01 2024-08-31 11436334 bus:Director2 2023-09-01 2024-08-31 11436334 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11436334 core:FurnitureFittings 2023-09-01 2024-08-31 11436334 core:LandBuildings core:ShortLeaseholdAssets 2023-09-01 2024-08-31 11436334 core:LeaseholdImprovements 2023-09-01 2024-08-31 11436334 core:PlantMachinery 2023-09-01 2024-08-31 11436334 1 2023-09-01 2024-08-31 11436334 countries:EnglandWales 2023-09-01 2024-08-31 11436334 2023-08-31 11436334 core:FurnitureFittings 2023-08-31 11436334 core:LandBuildings core:ShortLeaseholdAssets 2023-08-31 11436334 core:PlantMachinery 2023-08-31 11436334 2022-09-01 2023-08-31 11436334 2023-08-31 11436334 core:CurrentFinancialInstruments 2023-08-31 11436334 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 11436334 core:FurnitureFittings 2023-08-31 11436334 core:LandBuildings core:ShortLeaseholdAssets 2023-08-31 11436334 core:PlantMachinery 2023-08-31 xbrli:pure iso4217:GBP

Registration number: 11436334

Trade Plant & Tool Hire Limited
Annual Report and Financial Statements
for the Year Ended 31 August 2024

Trade Plant & Tool Hire Limited

Contents

Balance Sheet | 1
Notes to the Financial Statements | 2 to 7

Trade Plant & Tool Hire Limited

(Registration number: 11436334)
Balance Sheet as at 31 August 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 5 | - | 2,294
Current assets |  |  |
Debtors | 6 | 44,976 | 373,890
Cash at bank and in hand |  | 569 | 28,134
|  | 45,545 | 402,024
Creditors: Amounts falling due within one year | 7 | (798,186) | (908,738)
Net current liabilities |  | (752,641) | (506,714)
Net liabilities |  | (752,641) | (504,420)
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | (752,741) | (504,520)
Shareholders' deficit |  | (752,641) | (504,420)

These financial statements have been prepared and 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 9 February 2026

L J Rowe Director |  |

Trade Plant & Tool Hire Limited

Notes to the Financial Statements for the Year Ended 31 August 2024

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:
103 Southgate Street
Gloucester
Gloucestershire
GL1 1UR

These financial statements were authorised for issue by the director on 9 February 2026.

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.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Basis other than going concern

The company ceased trading during the year, has significant net liabilities and the directors are currently considering the future options for the company. Therefore, the accounts have been prepared on a basis other than going concern, and assets and liabilities have been stated at their recoverable values.

Trade Plant & Tool Hire Limited

Notes to the Financial Statements for the Year Ended 31 August 2024

Audit report

The Independent Auditor's Report was unqualified. We draw attention to Note 2 to the financial statements, which explains that the company has ceased trading, has significant net liabilities and the directors are unsure of the company's future activities. As a result, the financial statements have been prepared on a basis other than that of going concern. Our opinion is not modified in respect of this matter. The name of the Senior Statutory Auditor who signed the audit report on 11 February 2026 was Guy Armitage-Norton, who signed for and on behalf of ML Audit LLP.

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue from the provision of services in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
a) the amount of revenue can be reliably measured;
b) it is probable that future economic benefit will flow to the entity;
c) the stage of completion of the contract at the end of the reporting period can be reliably measured; and
d) the costs incurred and the costs to complete the contract can be reliably measured.

Key sources of estimation uncertainty

In the application of the company's accounting policies. the director(s) are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods..

Tax

Taxation for the year 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.

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.

Trade Plant & Tool Hire Limited

Notes to the Financial Statements for the Year Ended 31 August 2024

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
Short leasehold land and buildings | 10% straight line
Furniture, fittings and equipment | 25% straight line
Plant and machinery | 25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Trade Plant & Tool Hire Limited

Notes to the Financial Statements for the Year Ended 31 August 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year was 1 (2023 - 4).

4 | Exceptional items

| 2024 £ | 2023 £
Related party bad debts written off | 51,122 | -

Trade Plant & Tool Hire Limited

Notes to the Financial Statements for the Year Ended 31 August 2024

5 | Tangible assets

| Short leasehold land and buildings £ | Furniture, fittings and equipment £ | Plant and machinery £ | Total £
Cost or valuation
At 1 September 2023 | 2,900 | 3,099 | 1,892 | 7,891
Disposals | (2,900) | (3,099) | (1,892) | (7,891)
At 31 August 2024 | - | - | - | -
Depreciation
At 1 September 2023 | 935 | 2,770 | 1,892 | 5,597
Eliminated on disposal | (935) | (2,770) | (1,892) | (5,597)
At 31 August 2024 | - | - | - | -
Carrying amount
At 31 August 2024 | - | - | - | -
At 31 August 2023 | 1,965 | 329 | - | 2,294

6 | Debtors

| Note | 2024 £ | 2023 £
Trade debtors |  | 24 | 121,856
Amounts owed by related parties | 8 | 17,658 | 148,445
Other debtors |  | 27,294 | 81,947
Prepayments |  | - | 21,642
|  | 44,976 | 373,890

Trade Plant & Tool Hire Limited

Notes to the Financial Statements for the Year Ended 31 August 2024

7 | Creditors

Due within one year | Note | 2024 £ | 2023 £
Trade creditors |  | 81,905 | 48,197
Amounts due to related parties | 8 | 713,281 | 780,475
Social security and other taxes |  | - | 46,533
Other creditors |  | - | 30,533
Accruals |  | 3,000 | 3,000
|  | 798,186 | 908,738

8 | Related party transactions

Amounts owed from companies within the overall McGurk Group Limited group at 31 August 2024 were £Nil (2023 - £51,416). The balance is stated after a provision for doubtful debts of £51,122 (2023: £Nil), which is included within exceptional costs.
Amounts owed by other companies under common control at 31 August 2024 were £17,658 (2023 - £97,029). These amounts owed by the company are interest free and repayable on demand.
Amounts owed to companies within the overall McGurk Group Limited group at 31 August 2024 were £629,447 (2023 - £749,992). Amounts owed to related parties were £83,834 (2023 - £30,483). These amounts owed to the company are interest free and repayable on demand.

9 | Parent and ultimate parent undertaking

The parent of the smallest and largest group in which these financial statements are consolidated is McGurk Group Limited, incorporated in United Kingdom.
The address of McGurk Group Limited is:
7 St. Albans Road, Gloucester, Gloucestershire, England, GL2 5FW
The ultimate controlling party is considered to be E McGurk due to his shareholding in McGurk Group Limited.