Company Registration No. 08123077 (England and Wales)
D.E.Plant Limited
Unaudited accounts
for the year ended 30 June 2021
D.E.Plant Limited
Unaudited accounts
Contents
D.E.Plant Limited
Company Information
for the year ended 30 June 2021
Director
Scott Davie Emmett
Company Number
08123077 (England and Wales)
Registered Office
62 WILBURY WAY
HITCHIN
SG4 0TP
ENGLAND
D.E.Plant Limited
Statement of financial position
as at 30 June 2021
Tangible assets
3,432,927
2,432,036
Inventories
100,399
100,399
Debtors
1,675,912
1,710,552
Cash at bank and in hand
181,598
77,910
Creditors: amounts falling due within one year
(1,302,814)
(1,137,680)
Net current assets
655,095
751,181
Total assets less current liabilities
4,088,022
3,183,217
Creditors: amounts falling due after more than one year
(2,147,366)
(1,512,131)
Provisions for liabilities
Deferred tax
(637,581)
(275,382)
Net assets
1,303,075
1,395,704
Called up share capital
100
100
Profit and loss account
1,302,975
1,395,604
Shareholders' funds
1,303,075
1,395,704
For the year ending 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 March 2022 and were signed on its behalf by
Scott Davie Emmett
Director
Company Registration No. 08123077
D.E.Plant Limited
Notes to the Accounts
for the year ended 30 June 2021
D.E.Plant Limited is a private company, limited by shares, registered in England and Wales, registration number 08123077. The registered office is 62 WILBURY WAY, HITCHIN, SG4 0TP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line over 25 years
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
Straight line over 4 years
Inventories have been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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.
D.E.Plant Limited
Notes to the Accounts
for the year ended 30 June 2021
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2020
493,991
1,391,911
2,382,927
-
4,268,829
Additions
64,951
1,313,804
444,997
6,805
1,830,557
Disposals
-
(7,926)
(115,895)
-
(123,821)
At 30 June 2021
558,942
2,697,789
2,712,029
6,805
5,975,565
At 1 July 2020
9,950
989,233
837,610
-
1,836,793
Charge for the year
2,724
294,744
437,008
1,318
735,794
On disposals
-
(3,001)
(26,948)
-
(29,949)
At 30 June 2021
12,674
1,280,976
1,247,670
1,318
2,542,638
At 30 June 2021
546,268
1,416,813
1,464,359
5,487
3,432,927
At 30 June 2020
484,041
402,678
1,545,317
-
2,432,036
D.E.Plant Limited
Notes to the Accounts
for the year ended 30 June 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
1,056,487
1,314,653
Amounts due from group undertakings etc.
94,637
25,000
Accrued income and prepayments
246,006
183,804
Other debtors
203,756
187,095
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
16,122
14,453
Obligations under finance leases and hire purchase contracts
790,700
432,202
Trade creditors
374,352
587,043
Amounts owed to group undertakings and other participating interests
15,065
-
Taxes and social security
35,062
26,777
7
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
202,354
220,262
Obligations under finance leases and hire purchase contracts
1,945,012
1,291,869
Aggregate of amounts that fall due for payment after five years
137,908
162,450
Hire purchase liabilities of £2,735,717 (2020: £1,724,071) are secured against the fixed assets of the company.
Bank loans of £218,466 (2020: £234,715) are secured by fixed and floating charge against the assets of the company.
8
Deferred taxation
2021
2020
Accelerated capital allowances
637,581
275,382
Provision at start of year
275,382
109,992
Charged to the profit and loss account
362,199
165,390
Provision at end of year
637,581
275,382
D.E.Plant Limited
Notes to the Accounts
for the year ended 30 June 2021
9
Average number of employees
During the year the average number of employees was 24 (2020: 22).
