| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31st May 2025 |
| for |
| Gwent Mechanical Handling Limited |
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31st May 2025 |
| for |
| Gwent Mechanical Handling Limited |
| Gwent Mechanical Handling Limited (Registered number: 02003530) |
| Contents of the Financial Statements |
| for the Year Ended 31st May 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Gwent Mechanical Handling Limited |
| Company Information |
| for the Year Ended 31st May 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| Gwent Mechanical Handling Limited (Registered number: 02003530) |
| Balance Sheet |
| 31st May 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| Gwent Mechanical Handling Limited (Registered number: 02003530) |
| Balance Sheet - continued |
| 31st May 2025 |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Gwent Mechanical Handling Limited (Registered number: 02003530) |
| Notes to the Financial Statements |
| for the Year Ended 31st May 2025 |
| 1. | STATUTORY INFORMATION |
| Gwent Mechanical Handling Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Freehold property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement and Directors Report, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Gwent Mechanical Handling Limited (Registered number: 02003530) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st May 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| 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. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Sale and leaseback transactions |
| In a sale and leaseback transaction, which results in a finance lease, any apparent profit or loss (ie the difference between the sale price and the previous carrying value) has been deferred and amortised in the financial statements over the shorter of the lease term and the useful life of the asset. |
| Sale of hire fleet |
| In the event of the sale of a hire truck, which has been previously been capitalised, the truck is transferred to stock at its net book value prior to sale. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Gwent Mechanical Handling Limited (Registered number: 02003530) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st May 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1st June 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31st May 2025 |
| DEPRECIATION |
| At 1st June 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31st May 2025 |
| NET BOOK VALUE |
| At 31st May 2025 |
| At 31st May 2024 |
| Included in cost of land and buildings is freehold land of £ 100,000 (2024 - £ 100,000 ) which is not depreciated. |
| Gwent Mechanical Handling Limited (Registered number: 02003530) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st May 2025 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1st June 2024 |
| Additions |
| Disposals | ( |
) |
| At 31st May 2025 |
| DEPRECIATION |
| At 1st June 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31st May 2025 |
| NET BOOK VALUE |
| At 31st May 2025 |
| At 31st May 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| Gwent Mechanical Handling Limited (Registered number: 02003530) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st May 2025 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Hire purchase contracts |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Hire purchase contracts | 689,840 | 470,097 |
| 9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| Included in other debtors is a loan to Mr I M McCarthy of £98,278 (2024: £55,022) a director and shareholder of the company. Interest is charged on the loan at the HMRC official rate. |