Company Registration No. 08123077 (England and Wales)
D.E.Plant Limited
Unaudited accounts
for the year ended 30 June 2022
D.E.Plant Limited
Unaudited accounts
Contents
D.E.Plant Limited
Company Information
for the year ended 30 June 2022
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 2022
Intangible assets
230,044
-
Tangible assets
4,747,138
3,432,927
Inventories
130,997
100,399
Debtors
2,035,888
1,675,912
Cash at bank and in hand
539,801
181,598
Creditors: amounts falling due within one year
(1,784,532)
(1,302,814)
Net current assets
922,154
655,095
Total assets less current liabilities
5,899,336
4,088,022
Creditors: amounts falling due after more than one year
(2,964,962)
(2,147,366)
Provisions for liabilities
Deferred tax
(637,581)
(637,581)
Net assets
2,296,793
1,303,075
Called up share capital
100
100
Revaluation reserve
684,143
-
Profit and loss account
1,612,550
1,302,975
Shareholders' funds
2,296,793
1,303,075
For the year ending 30 June 2022 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 24 August 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 2022
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 principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
D.E.Plant Limited
Notes to the Accounts
for the year ended 30 June 2022
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 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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
D.E.Plant Limited
Notes to the Accounts
for the year ended 30 June 2022
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At valuation
At cost
At cost
At cost
At 1 July 2021
558,942
2,697,789
2,712,029
6,805
5,975,565
Additions
155,843
1,043,823
220,292
40,682
1,460,640
Revaluations
684,143
-
-
-
684,143
Disposals
-
-
(100,673)
-
(100,673)
At 30 June 2022
1,398,928
3,741,612
2,831,648
47,487
8,019,675
At 1 July 2021
12,674
1,280,976
1,247,670
1,318
2,542,638
Charge for the year
2,724
380,217
380,284
9,990
773,215
On disposals
-
-
(43,316)
-
(43,316)
At 30 June 2022
15,398
1,661,193
1,584,638
11,308
3,272,537
At 30 June 2022
1,383,530
2,080,419
1,247,010
36,179
4,747,138
At 30 June 2021
546,268
1,416,813
1,464,359
5,487
3,432,927
Amounts falling due within one year
Trade debtors
1,153,860
1,056,487
Amounts due from group undertakings etc.
424,030
94,637
Accrued income and prepayments
282,061
246,006
Other debtors
27,524
203,756
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
128,877
16,122
Obligations under finance leases and hire purchase contracts
900,085
790,700
Trade creditors
674,864
374,352
Amounts owed to group undertakings and other participating interests
-
15,065
Taxes and social security
33,108
35,062
Other creditors
15,904
3,809
D.E.Plant Limited
Notes to the Accounts
for the year ended 30 June 2022
8
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
1,014,994
202,354
Obligations under finance leases and hire purchase contracts
1,949,968
1,945,012
Aggregate of amounts that fall due for payment after five years
-
137,908
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.
9
Average number of employees
During the year the average number of employees was 24 (2021: 24).
