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REGISTERED NUMBER: 03509647 (England and Wales)


















STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BETHELL PLANT SERVICES LIMITED

BETHELL PLANT SERVICES LIMITED (REGISTERED NUMBER: 03509647)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Income Statement 9

Other Comprehensive Income 10

Balance Sheet 11

Statement of Changes in Equity 12

Notes to the Financial Statements 13


BETHELL PLANT SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: N Hopkins-Coman
T A Kilroe
C M Morley



SECRETARY: N Hopkins-Coman



REGISTERED OFFICE: Dane House Europa Trading Estate
Stoneclough Road
Radcliffe
Manchester
M26 1GE



REGISTERED NUMBER: 03509647 (England and Wales)



AUDITORS: Fairhurst Audit Services Ltd
Statutory Auditor
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB



BANKERS: Lloyds Bank plc
PO Box 1000
Market Street
Manchester
BX11 1LT

BETHELL PLANT SERVICES LIMITED (REGISTERED NUMBER: 03509647)

STRATEGIC REPORT
for the Year Ended 30 September 2024

The directors present their strategic report for the year ended 30 September 2024.

BUSINESS REVIEW
The Company has had a strong operational performance this year and reported intra-group sales of £1,381k (2023: £827k) and reported a pre-tax profit of £289k (2023: 162k). There was substantial investment in new plant and vehicles during the year with the net book value of fixed assets at the year-ended standing at £3,242k (£2023: £1,680k) with the majority these assets acquired on finance. As a result, HP debt at the year-end was £2,443k (2023: £1,069k) of which £907km (2023: £356k) falls due within one year.

PRINCIPAL RISKS AND UNCERTAINTIES
In common with similar business the Company faces a number of risks and uncertainties, and the directors believe that the key business risks are in respect of the UK economy. However, the Bethell Group of companies is in a sound financial position and the demand for hire of the Company's assets is expected to continue.

FUTURE DEVELOPMENTS
The directors anticipate the business will have a successful 2025 with asset hires to the Bethell group continuing. A number of further orders have been placed since the year-end for new plant and equipment that will delivered during 2025.

FINANCIAL INSTRUMENTS
The Company has a normal level of exposure to price, credit, liquidity and cash flow risks arising from trading activities which are only conducted in sterling. The Company does not enter into any hedging transactions.

ON BEHALF OF THE BOARD:





C M Morley - Director


18 December 2024

BETHELL PLANT SERVICES LIMITED (REGISTERED NUMBER: 03509647)

REPORT OF THE DIRECTORS
for the Year Ended 30 September 2024

The directors present their report with the financial statements of the company for the year ended 30 September 2024.

PRINCIPAL ACTIVITY
The principal activity of the Company in the year under review continues to be that of plant hire to members of the Bethell Group Holdings Ltd group of companies and trading commenced in the final quarter of the prior year.

DIVIDENDS
No dividends will be distributed for the year ended 30 September 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

N Hopkins-Coman
T A Kilroe
C M Morley

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

BETHELL PLANT SERVICES LIMITED (REGISTERED NUMBER: 03509647)

REPORT OF THE DIRECTORS
for the Year Ended 30 September 2024


AUDITORS
The auditors, Fairhurst Audit Services Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:




C M Morley - Director


18 December 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BETHELL PLANT SERVICES LIMITED

Opinion
We have audited the financial statements of Bethell Plant Services Limited (the 'company') for the year ended 30 September 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
_
In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 September 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BETHELL PLANT SERVICES LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BETHELL PLANT SERVICES LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Extent to which the audit was considered capable of detecting irregularities including fraud
Irregularities are instances of non-compliance with laws and regulations. The objectives of our audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect in the determination of material amounts and disclosures in the financial statement, to perform audit procedures to help identify instances of non-compliance with other laws and regulations that may have a material effect on the financial statements, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit.

In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatements of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit.

However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.

In identifying and addressing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

- The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- We obtained an understanding of laws and regulations that affect the company, focusing on those that had a direct effect on the financial statements or that had a fundamental effect on its operations. As a result of these procedures we consider that the most significant laws and regulations that have a direct impact on the financial statements are FRS 102 and the Companies Act 2006.
- We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management, reviewing minutes of meetings and inspecting legal correspondence.

In assessing the susceptibility of the company's financial statements to material misstatement, including obtaining and understanding of how fraud might occur;
- We gained an understanding of the controls that management have in place to prevent and detect fraud.
- We enquired of management about any instances of fraud that had taken place during the year.

To address the risk of fraud through management bias and override of controls;
- We performed analytical procedures to identify any unusual or unexpected relationships;
- We tested journal entries to identify unusual transactions; and
- We assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias.

Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of
internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BETHELL PLANT SERVICES LIMITED


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Louise Webster BSc BFP ACA (Senior Statutory Auditor)
for and on behalf of Fairhurst Audit Services Ltd
Statutory Auditor
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

18 December 2024

BETHELL PLANT SERVICES LIMITED (REGISTERED NUMBER: 03509647)

INCOME STATEMENT
for the Year Ended 30 September 2024

2024 2023
Notes £    £   

TURNOVER 3 1,380,557 826,808

Cost of sales 816,982 572,652
GROSS PROFIT 563,575 254,156

Administrative expenses 156,856 (36,556 )
OPERATING PROFIT 5 406,719 290,712


Interest payable and similar expenses 6 117,430 46,767
PROFIT BEFORE TAXATION 289,289 243,945

Tax on profit 7 30,097 81,732
PROFIT FOR THE FINANCIAL YEAR 259,192 162,213

BETHELL PLANT SERVICES LIMITED (REGISTERED NUMBER: 03509647)

OTHER COMPREHENSIVE INCOME
for the Year Ended 30 September 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 259,192 162,213


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

259,192

162,213

BETHELL PLANT SERVICES LIMITED (REGISTERED NUMBER: 03509647)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 3,241,730 1,679,547

CURRENT ASSETS
Debtors 9 357,401 234,770
Cash at bank 427,463 76,941
784,864 311,711
CREDITORS
Amounts falling due within one year 10 1,143,211 844,416
NET CURRENT LIABILITIES (358,347 ) (532,705 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,883,383

1,146,842

CREDITORS
Amounts falling due after more than one year 11 (1,536,379 ) (713,887 )

PROVISIONS FOR LIABILITIES 13 (436,395 ) (281,538 )
NET ASSETS 910,609 151,417

CAPITAL AND RESERVES
Called up share capital 14 500,002 2
Retained earnings 15 410,607 151,415
SHAREHOLDERS' FUNDS 910,609 151,417

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2024 and were signed on its behalf by:





T A Kilroe - Director


BETHELL PLANT SERVICES LIMITED (REGISTERED NUMBER: 03509647)

STATEMENT OF CHANGES IN EQUITY
for the Year Ended 30 September 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 October 2022 2 (10,798 ) (10,796 )

Changes in equity
Total comprehensive income - 162,213 162,213
Balance at 30 September 2023 2 151,415 151,417

Changes in equity
Issue of share capital 500,000 - 500,000
Total comprehensive income - 259,192 259,192
Balance at 30 September 2024 500,002 410,607 910,609

BETHELL PLANT SERVICES LIMITED (REGISTERED NUMBER: 03509647)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Bethell Plant Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include:

-Depreciation and residual values. The directors have reviewed the asset lives and associated residual values
of all fixed asset classes, and in particular, the useful economic life and residual values of leasehold
building and fixture and fittings, and have concluded that the asset lives and residual values are
appropriate.

Turnover
Turnover is based on the invoiced values of all goods despatched and services provided prior to the year end, excluding VAT and other sales-based taxes and net of trade discounts.

Tangible fixed assets
Tangible fixed assets are stated at historic cost. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use. Finance costs are not capitalised. Depreciation is provided on cost in equal annual instalments over the estimated useful lives of the assets. The rates of depreciation are as follows:

Plant and machinery3-5 years

Financial instruments
Financial instruments that are payable or receivable within one year, typically Directors' loan account, trade creditors, accruals and trade debtors, are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid ot received.

Financial instruments repayable in more than one year such as hire purchase agreements are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method unless the effect of discounting would be immaterial.


BETHELL PLANT SERVICES LIMITED (REGISTERED NUMBER: 03509647)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

Leases
Assets obtained under finance leases and hire purchase contracts are capitalised at the present value of the minimum lease payments on acquisition and depreciated over their estimated useful lives. The finance charges are allocated over the period of the lease in proportion to the capital element outstanding. Operating lease rentals are charged to income in equal annual amounts over the lease term.

3. TURNOVER

Turnover is based on the invoiced value of all good despatched and services provided prior to the year end, excluding VAT and other sales-based taxes and net of trade discounts.

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 216,934 110,292

The average number of employees during the year was NIL (2023 - NIL).

During the current and prior year the Company had no direct employed staff , staff costs represent recharges for employees from other group companies

2024 2023
£    £   
Directors' remuneration - -

BETHELL PLANT SERVICES LIMITED (REGISTERED NUMBER: 03509647)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Other operating leases 51,794 643
Depreciation - owned assets 150,323 70,660
Depreciation - assets on hire purchase contracts 464,445 272,509
Profit on disposal of fixed assets (170,475 ) (157,171 )
Auditors' remuneration 1,500 -
Taxation compliance services 1,500 -
Other non- audit services 235 -

During the year to 30 September 2023 auditors remuneration of £1,500 was paid by another group company.

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Hire purchase 117,430 46,767

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax (148,710 ) (152,138 )
Prior year under /(over) provision 23,951 -
Total current tax (124,759 ) (152,138 )

Deferred tax 154,856 233,870
Tax on profit 30,097 81,732

UK corporation tax has been charged at 25% (2023 - 22%).

BETHELL PLANT SERVICES LIMITED (REGISTERED NUMBER: 03509647)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

7. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 289,289 243,945
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 22%)

72,322

53,668

Effects of:
Adjustments to tax charge in respect of previous periods 23,951 -
Adjustment to deferred tax in respect of previous period (66,176 ) 28,064
Total tax charge 30,097 81,732

8. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 1,428,669 602,995 2,031,664
Additions 1,919,503 316,485 2,235,988
Disposals (109,079 ) - (109,079 )
At 30 September 2024 3,239,093 919,480 4,158,573
DEPRECIATION
At 1 October 2023 276,710 75,407 352,117
Charge for year 476,378 138,390 614,768
Eliminated on disposal (50,042 ) - (50,042 )
At 30 September 2024 703,046 213,797 916,843
NET BOOK VALUE
At 30 September 2024 2,536,047 705,683 3,241,730
At 30 September 2023 1,151,959 527,588 1,679,547

The net book value of tangible fixed assets includes £ 1,791,406 (2023 - £ 1,483,479 ) in respect of assets held under hire purchase contracts.

BETHELL PLANT SERVICES LIMITED (REGISTERED NUMBER: 03509647)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,540 -
Amounts owed by group undertakings 51,245 55,927
Other debtors 186 3,491
Tax 148,710 152,138
Prepayments and accrued income 155,720 23,214
357,401 234,770

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 12) 906,954 355,605
Trade creditors 32,835 48,994
Amounts owed to group undertakings 19,258 306,694
Social security and other taxes 1,337 -
Accrued expenses 182,827 133,123
1,143,211 844,416

Hire purchase creditors are secured on the assets to which they relate.

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 12) 1,536,379 713,887

Hire purchase creditors are secured on the assets to which they relate.

12. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 906,954 355,605
Between one and five years 1,536,379 713,887
2,443,333 1,069,492

Hire purchase creditors are secured on the assets to which they relate.

BETHELL PLANT SERVICES LIMITED (REGISTERED NUMBER: 03509647)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

13. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 436,395 281,538

Deferred
tax
£   
Balance at 1 October 2023 281,538
Charge to Income Statement during year 154,857
Balance at 30 September 2024 436,395

14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
500,002 Ordinary Shares 1 500,002 2

500,000 Ordinary Shares shares of 1 each were allotted and fully paid for cash at par during the year.

On the 12 September 2024 the company issued 500,000 ordinary £1 shares to its immediate parent company Bethell Property Services Limited (BETPRO). Of which, 250,000 shares were in full and final settlement for the loan taken out on 23 December 2023 between the company and BETPRO under the right of set-off within the loan agreement.

15. RESERVES
Retained
earnings
£   

At 1 October 2023 151,415
Profit for the year 259,192
At 30 September 2024 410,607

16. ULTIMATE PARENT COMPANY

In the opinion of the directors, at the year-end the Company's ultimate parent company was Bethell Group Holdings Limited which is controlled by the T Kilroe Life Interest Settlement which is a trust whose principal beneficiary is T Kilroe.

17. CONTINGENT LIABILITIES

The Company's bankers hold an unlimited cross guarantee dated 17th August 2022 between certain members of the Bethell group of companies. There is also a supplemental fixed charge on book debts and other debts. At the year-end the Company has a contingent liability under this cross guarantee of £nil (2023: £nil).

BETHELL PLANT SERVICES LIMITED (REGISTERED NUMBER: 03509647)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

18. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 118,390 241,437

19. RELATED PARTY DISCLOSURES

During the year the company transacted cost recharges, purchases and sales with Bethell Construction Ltd ("BCL") and Bethell Utility Services Ltd ("BUSL"), which are related parties being members of the Bethell Group Holdings Ltd, group of companies . Details of the transactions are as follows:

20242023
£   £   
Sales to BUSL308,907201,429

Sales were for plant hired by BUSL from BETPLA. Amounts due from BUSL at the year end was £51,245 (2022 £Nil)


20242023
£   £   
Sales to BCL1,063,771625,379
Purchase of assets from BCL-479,275
Cost recharge from BCL285,155100,255

Sales were for plant hired by BCL from BETPLA.
Purchase of assets was a one off fixed asset transfer of BCL assets to BETPLA at NBV.
Cost recharges were principally overheads and sundry costs incurred by the BCL on behalf of the company and recharged.
Amounts owing to BCL at the year end were £19,258 (2023 £Nil)

20242023
£   £   
Purchases from BGP18,000-
Cost recharge from BGP7,034-
Purchases from BGP are are for management services levied and certain professional fee recharges

During the year the company made sales of £7,879 to Abbey House Hotel, a company related by common control.

On 23 December 2023 the company received an interest free loan of £250,000 from its immediate parent company Bethell Property Services Limited (BETPRO). On the 12 September 2024 the loan was settled in full by the issue of 250,000 ordinary £1 shares to BETPRO under the right of set-off within the loan agreement.