REGISTERED NUMBER: |
Seel Plant Hire Ltd |
Unaudited Financial Statements |
for the Year Ended 30 November 2022 |
REGISTERED NUMBER: |
Seel Plant Hire Ltd |
Unaudited Financial Statements |
for the Year Ended 30 November 2022 |
Seel Plant Hire Ltd (Registered number: 09160628) |
Contents of the Financial Statements |
for the year ended 30 November 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Seel Plant Hire Ltd |
Company Information |
for the year ended 30 November 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Irish Square |
Upper Denbigh Road |
St Asaph |
Denbighshire |
LL17 0RN |
Seel Plant Hire Ltd (Registered number: 09160628) |
Balance Sheet |
30 November 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Capital redemption reserve |
Retained earnings |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Seel Plant Hire Ltd (Registered number: 09160628) |
Notes to the Financial Statements |
for the year ended 30 November 2022 |
1. | STATUTORY INFORMATION |
Seel Plant Hire Ltd 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 |
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. |
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: |
Plant and equipment | 10% straight line |
Motor vehicles | 20% straight line |
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit and loss account. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
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. |
Going concern |
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Seel Plant Hire Ltd (Registered number: 09160628) |
Notes to the Financial Statements - continued |
for the year ended 30 November 2022 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 December 2021 |
Additions |
At 30 November 2022 |
DEPRECIATION |
At 1 December 2021 |
Charge for year |
At 30 November 2022 |
NET BOOK VALUE |
At 30 November 2022 |
At 30 November 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
Amounts owed by related parties |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to related parties |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans |
Hire purchase contracts |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The closing balance on the directors' current accounts are £6,058 (2021: £6,785) disclosed in other creditors. Interest was charged at 2.5% on these accounts throughout the year. |
During the year, dividends were paid to directors of £30,500 (2021: £58,000). |
Seel Plant Hire Ltd (Registered number: 09160628) |
Notes to the Financial Statements - continued |
for the year ended 30 November 2022 |
9. | RELATED PARTY DISCLOSURES |
At the balance sheet date amounts totalling £54,092 (2021: £94,372) were owed from Brenig Construction Limited a company in which M Parry and H Vaughan have a controlling interest. |
At the balance sheet date amounts totalling £1,800 (2021: -£3,800) were owed from Brenig Homes Limited a company in which M Parry and H Vaughan have a controlling interest. |
At the balance sheet date amounts totalling £3,645 (2021: £300) were owed from Mary Bamber Developments Limited a company in which M Parry and H Vaughan have a controlling interest. |
At the balance sheet date amounts totalling £Nil (2021: £20,000) were owed from Brenig Developments Limited a company in which M Parry and H Vaughan have a controlling interest. |
At the balance sheet date amounts totalling £29,750 (2021: £NIL) were owed to The Old Wheatsheaf Buildings Limited a company in which M Parry and H Vaughan have a controlling interest. |