GV Plant Hire Ltd - Filleted accounts

Registered number

11651960

GV Plant Hire Ltd

Filleted Accounts

31 October 2025

GV Plant Hire Ltd
Registered number:		11651960
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		350,780			285,701

Current assets
Debtors	4	7,749			36,253
Cash at bank and in hand		18,143			9,527
		25,892			45,780

Creditors: amounts falling due within one year	5	(49,141)			(64,892)

Net current liabilities			(23,249)			(19,112)

Total assets less current liabilities			327,531			266,589

Creditors: amounts falling due after more than one year	6		(117,182)			(81,466)



Net assets			210,349			185,123

Capital and reserves
Called up share capital			20			20
Profit and loss account			210,329			185,103

Shareholder's funds			210,349			185,123

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Gary Varley
Director
Approved by the board on 28 October 2026

GV Plant Hire Ltd
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5-10 years
	Motor vehicles	25% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 November 2024	404,337		59,714		464,051
	Additions	92,735		42,793		135,528
	Disposals	-		(30,714)		(30,714)
	At 31 October 2025	497,072		71,793		568,865

	Depreciation
	At 1 November 2024	157,953		20,397		178,350
	Charge for the year	45,446		9,526		54,972
	On disposals	-		(15,237)		(15,237)
	At 31 October 2025	203,399		14,686		218,085

	Net book value
	At 31 October 2025	293,673		57,107		350,780
	At 31 October 2024	246,384		39,317		285,701


4	Debtors			2025		2024
£					£

	Trade debtors			7,749		36,253


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			3,669		6,217
	Obligations under finance lease and hire purchase contracts			36,040		24,247
	Trade creditors			-		24,203
	Taxation and social security costs			6,488		6,494
	Other creditors			2,944		3,731
				49,141		64,892


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			-		3,697
	Obligations under finance lease and hire purchase contracts			51,757		9,109
	Other creditors			65,425		68,660
				117,182		81,466


7	Loans			2025		2024
£					£
	Creditors include:

	Secured bank loans			87,798		33,355

	Various HP agreements secured against tangible Fixed Assets.


8	Other information

	GV Plant Hire Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	60 Butterfield Drive
	Eaglescliffe
	Stockton-on-Tees
	TS16 0EZ