Exeter Grab Hire Limited - Period Ending 2023-03-31

Exeter Grab Hire Limited

Contents

Balance Sheet	1
Statement of Changes in Equity	2
Notes to the Financial Statements	3 to 6

Exeter Grab Hire Limited

Balance Sheet

31 March 2023

	Note	2023 £	2022 £
Current assets
Debtors	5	6,217	6,218
Cash at bank and in hand		-	1
		6,217	6,219
Creditors: Amounts falling due within one year	6	(178,827)	(178,829)
Net liabilities		(172,610)	(172,610)
Capital and reserves
Called up share capital	7	1	1
Profit and loss account		(172,611)	(172,611)
Shareholders' deficit		(172,610)	(172,610)

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 12 December 2023 and signed on its behalf by:
 

......................................... E A Delve Director

Company Registration Number: 09696845

Exeter Grab Hire Limited

Statement of Changes in Equity

Year Ended 31 March 2023

	Share capital £	Profit and loss account £	Total £
At 1 April 2022	1	(172,611)	(172,610)
At 31 March 2023	1	(172,611)	(172,610)

	Share capital £	Profit and loss account £	Total £
At 1 April 2021	1	(172,611)	(172,610)
At 31 March 2022	1	(172,611)	(172,610)

Exeter Grab Hire Limited

Notes to the Financial Statements

Year Ended 31 March 2023

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Units 1-2
Mulberry Court
Lustleigh Close
Marton Barton
Exeter
EX2 8PW

These financial statements were authorised for issue by the Board on 12 December 2023.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

In a prior period, the trade and assets of the company were hived up into the parent. There are no plans for the company to begin trading again. Accordingly the financial statements have been prepared on a basis other than going concern. The carrying value of assets and liabilities has not been modified as, in the opinion of the directors, all known liabilities are already reflected in the balance sheet and all assets are shown at their recoverable amount.

Goodwill

Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	20% straight line

Exeter Grab Hire Limited

Notes to the Financial Statements

Year Ended 31 March 2023

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

 Recognition and measurement
Short-term trade and other debtors and creditors including intercompany loans

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment (“doubtful debts”) are recognised in the profit and loss account before operating profit.


 

3	Staff numbers

The company had 0 employees.

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2022	5,000	5,000
At 31 March 2023	5,000	5,000
Amortisation
At 1 April 2022	5,000	5,000
At 31 March 2023	5,000	5,000
Carrying amount
At 31 March 2023	-	-

Exeter Grab Hire Limited

Notes to the Financial Statements

Year Ended 31 March 2023

5

Debtors

	2023 £	2022 £
Other debtors	6,217	6,218
	6,217	6,218

6

Creditors

Creditors: amounts falling due within one year

	2023  £	2022  £
Due within one year
Amounts due to group undertakings	178,827	178,829

7	Share capital

Allotted, called up and fully paid shares

	2023		2022
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1

8	Contingent liabilities

A cross company guarantee is in place for all amounts due to Lloyds Bank plc by group companies (comprising loans and hire purchase agreements). These amounts are disclosed in the financial statements of Coastal Recycling Holdings Limited.

9	Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report was Neil Hitchings, who signed for and on behalf of PKF Francis Clark on 12 December 2023.

Exeter Grab Hire Limited

Notes to the Financial Statements

Year Ended 31 March 2023

10	Parent and ultimate parent undertaking

The company's immediate parent is Coastal Recycling Holdings Limited, incorporated in England and Wales.

The ultimate controlling party is The Coastal Recycling Holdings Employee Ownership Trust. Further details on which are set out within the notes to the consolidated accounts of Coastal Recycling Holdings Limited.

 The most senior parent entity producing publicly available financial statements is Coastal Recycling Holdings Limited. These financial statements are available upon request from Companies House.