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REGISTERED NUMBER: SC258379 (Scotland)




















Eagle Plant Hire Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025






Eagle Plant Hire Limited (Registered number: SC258379)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eagle Plant Hire Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: D D Smeaton
I Macdonald
J P Cummings
J Monaghan
L Cummings
G J Reynolds



REGISTERED OFFICE: Unit 5 Dryden Place
Bilston Glen Industrial Estate
Loanhead
EH0 9HP



REGISTERED NUMBER: SC258379 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Virgin Money
30 St. Vincent Place
Glasgow
G1 2HL

Eagle Plant Hire Limited (Registered number: SC258379)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,720,952 6,676,642
5,720,952 6,676,642

CURRENT ASSETS
Stocks 60,939 65,853
Debtors 6 616,707 783,541
Cash at bank and in hand 77,310 276,309
754,956 1,125,703
CREDITORS
Amounts falling due within one year 7 1,481,010 2,095,137
NET CURRENT LIABILITIES (726,054 ) (969,434 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,994,898

5,707,208

CREDITORS
Amounts falling due after more than
one year

8

(3,591,527

)

(3,916,925

)

PROVISIONS FOR LIABILITIES (882,375 ) (970,824 )
NET ASSETS 520,996 819,459

Eagle Plant Hire Limited (Registered number: SC258379)

Balance Sheet - continued
31 March 2025

2025 2024
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8,068 8,068
Revaluation reserve 9 170,100 170,100
Capital redemption reserve 9 16,932 16,932
Treasury share reserve 9 (8,375 ) (8,375 )
Retained earnings 9 334,271 632,734
520,996 819,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 18 July 2025 and were signed on its behalf by:




I Macdonald - Director



J P Cummings - Director


Eagle Plant Hire Limited (Registered number: SC258379)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

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

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts derived from the provision of plant hire services, excluding value added tax and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery - S/L over the estimated life of the asset with residual values ranging from 10% to 35%
Motor vehicles - S/L over 7 years with residual of 30%
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Eagle Plant Hire Limited (Registered number: SC258379)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2024 - 46 ) .

Eagle Plant Hire Limited (Registered number: SC258379)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 204,000
AMORTISATION
At 1 April 2024
and 31 March 2025 204,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 9,145,860
Additions 308,821
Disposals (620,266 )
At 31 March 2025 8,834,415
DEPRECIATION
At 1 April 2024 2,469,218
Charge for year 973,959
Eliminated on disposal (329,714 )
At 31 March 2025 3,113,463
NET BOOK VALUE
At 31 March 2025 5,720,952
At 31 March 2024 6,676,642

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 610,382 755,920
Other debtors 6,325 27,621
616,707 783,541

Eagle Plant Hire Limited (Registered number: SC258379)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 143,757 231,169
Hire purchase contracts 490,266 1,335,909
Trade creditors 231,910 228,968
Taxation and social security 133,994 208,972
Other creditors 481,083 90,119
1,481,010 2,095,137

There is a floating charge secured over the assets of the company which covers all property or undertaking of the company. It contains a negative pledge.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 121,978
Hire purchase contracts 3,591,527 3,794,947
3,591,527 3,916,925

9. RESERVES
Capital Treasury
Retained Revaluation redemption share
earnings reserve reserve reserve Totals
£    £    £    £    £   

At 1 April 2024 632,734 170,100 16,932 (8,375 ) 811,391
Deficit for the year (298,463 ) (298,463 )
At 31 March 2025 334,271 170,100 16,932 (8,375 ) 512,928

The Treasury share reserves consists of shares repurchased by the company. At 31 March 2025 67 (2024 - 67) shares were held in Treasury.