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REGISTERED NUMBER: 03322262 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

WHC HIRE SERVICES LIMITED

WHC HIRE SERVICES LIMITED (REGISTERED NUMBER: 03322262)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHC HIRE SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2025







DIRECTORS: J H Clutterbuck
Mrs L J Roberts
J Clutterbuck





SECRETARY: Mrs H Clutterbuck





REGISTERED OFFICE: Chargrove House
Shurdington Road
Shurdington
Cheltenham
Gloucestershire
GL51 4GA





REGISTERED NUMBER: 03322262 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

WHC HIRE SERVICES LIMITED (REGISTERED NUMBER: 03322262)

BALANCE SHEET
30 APRIL 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 247,477 362,391
Tangible assets 5 11,730,610 11,194,200
Investments 6 25,002 569,975
12,003,089 12,126,566

CURRENT ASSETS
Stocks 165,600 122,949
Debtors 7 2,875,151 1,995,583
Cash at bank and in hand 179,842 103,964
3,220,593 2,222,496
CREDITORS
Amounts falling due within one year 8 5,759,332 3,898,822
NET CURRENT LIABILITIES (2,538,739 ) (1,676,326 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,464,350

10,450,240

CREDITORS
Amounts falling due after more than one
year

9

(5,195,089

)

(6,634,533

)

PROVISIONS FOR LIABILITIES (787,821 ) (787,821 )
NET ASSETS 3,481,440 3,027,886

CAPITAL AND RESERVES
Called up share capital 504 504
Retained earnings 3,480,936 3,027,382
SHAREHOLDERS' FUNDS 3,481,440 3,027,886

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

WHC HIRE SERVICES LIMITED (REGISTERED NUMBER: 03322262)

BALANCE SHEET - continued
30 APRIL 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2025 and were signed on its behalf by:




Mrs L J Roberts - Director J Clutterbuck - Director




J H Clutterbuck - Director


WHC HIRE SERVICES LIMITED (REGISTERED NUMBER: 03322262)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

1. STATUTORY INFORMATION

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

Preparation of consolidated financial statements
The financial statements contain information about WHC Hire Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities. Revenue is recognised with a deposit on hire and then balance on completion of hire, on completion of test and on delivery of goods.

The total turnover of the company for the year has been derived from its principle activity wholly undertaken in the UK.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance and 12.5% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost and 12.5% on reducing balance

The directors have taken the decision to adjust the depreciation percentage for both motor and plant to 12.5% on a reducing balance method to reflect the higher retained values in the second hand market.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

WHC HIRE SERVICES LIMITED (REGISTERED NUMBER: 03322262)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. However, the current capital allowance and tax regime and ongoing capital expenditure means that the Directors consider it to be highly unlikely that the accelerated capital allowances will reverse in the foreseeable future. Accordingly, the Directors believe it is not appropriate to increase the deferred tax provision beyond its current level. The amount of the provision will be reviewed each year in the light of ongoing capital expenditure and any changes to the tax regime.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern
The director have considered the risks and issues concerning the company and it's activities and no material uncertainties that may cast significant doubt about the company's ability of the company to continue as a going concern have been identified by the director.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2024 - 41 ) .

WHC HIRE SERVICES LIMITED (REGISTERED NUMBER: 03322262)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 May 2024 1,324,717 39,744 1,364,461
Additions - 4,602 4,602
At 30 April 2025 1,324,717 44,346 1,369,063
AMORTISATION
At 1 May 2024 992,464 9,606 1,002,070
Charge for year 110,752 8,764 119,516
At 30 April 2025 1,103,216 18,370 1,121,586
NET BOOK VALUE
At 30 April 2025 221,501 25,976 247,477
At 30 April 2024 332,253 30,138 362,391

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2024 - 12,999,073 117,858 1,588,081 14,705,012
Additions 25,799 3,187,876 10,510 18,698 3,242,883
Disposals - (2,023,656 ) (27,618 ) (49,147 ) (2,100,421 )
At 30 April 2025 25,799 14,163,293 100,750 1,557,632 15,847,474
DEPRECIATION
At 1 May 2024 - 3,206,035 105,716 199,061 3,510,812
Charge for year 975 1,298,896 5,764 180,758 1,486,393
Eliminated on disposal - (846,422 ) (27,595 ) (6,324 ) (880,341 )
At 30 April 2025 975 3,658,509 83,885 373,495 4,116,864
NET BOOK VALUE
At 30 April 2025 24,824 10,504,784 16,865 1,184,137 11,730,610
At 30 April 2024 - 9,793,038 12,142 1,389,020 11,194,200


WHC HIRE SERVICES LIMITED (REGISTERED NUMBER: 03322262)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2024 569,975
Impairments (544,973 )
At 30 April 2025 25,002
NET BOOK VALUE
At 30 April 2025 25,002
At 30 April 2024 569,975

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,312,114 1,133,560
Amounts owed by group undertakings 914,142 351,183
Other debtors 450,789 354,021
Directors' loan accounts 110,377 101,619
Prepayments 87,729 55,200
2,875,151 1,995,583

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other loans 333,131 373,154
Hire purchase contracts and finance leases 4,062,561 2,319,580
Trade creditors 231,962 238,665
Amounts owed to group undertakings 25,002 -
Corporation Tax 53,242 12,957
Social security and other taxes 131,239 42,198
VAT 24,640 210,254
Wages and salaries control 13,965 15,169
Factored debt 787,181 634,686
Pension Control 21,141 17,533
Directors' loan accounts 59,976 19,334
Accrued expenses 15,292 15,292
5,759,332 3,898,822

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Other loans - 2-5 years 686,212 380,262
Hire purchase contracts and finance leases 4,508,877 6,254,271
5,195,089 6,634,533

WHC HIRE SERVICES LIMITED (REGISTERED NUMBER: 03322262)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts and finance leases 8,571,438 8,573,851

The Bank Loans and mortgage in parent company are secured against the properties Alexandra Way in Tewkesbury, Bath Road in Worcester and Land at the back of Bath Road Worcester and other assets of the company. Containing fixed and floating charges and negative pledge.

The Hire Purchase is secured against the equipment to which it relates, containing fixed and floating charges. The floating charge covers all the property or undertaking of the company.

The company also has a Debenture with Hitachi Capital (UK) PLC which also covers all property or undertaking of the company. The charge contains both fixed and floating charges as well as a negative pledge.

There was a new charged registered on 3 January 2023 on Companies House for Lombard North Central PLC which contains a fixed charge and negative pledge.

There was also a charge registered on Companies House after the date of these accounts but before the date of signing for Carrick Asset Finance Limited which contains a fixed charge and negative pledge.

Also Included within other creditors is amount on finance with Novuna Business Cash flow of £787,181 (2024: £634,686).

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

2025 2024
£    £   
J H Clutterbuck
Balance outstanding at start of year 101,619 100,000
Amounts advanced 115,364 126,344
Amounts repaid (106,606 ) (124,725 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 110,377 101,619

J Clutterbuck
Balance outstanding at start of year - -
Amounts advanced 27,000 33,000
Amounts repaid (27,000 ) (33,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

WHC HIRE SERVICES LIMITED (REGISTERED NUMBER: 03322262)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs L J Roberts
Balance outstanding at start of year (19,334 ) -
Amounts advanced 83,923 66,074
Amounts repaid (124,254 ) (85,408 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (59,665 ) (19,334 )

Interest is being charged on the above balances at the HMRC approved rate, and there are no set repayment terms.

12. RELATED PARTY DISCLOSURES

During the year the Group consolidated intergroup balances and investments with Cotswold Tool and Plant Hire Limited, which had arisen due to the transfer of properties between group companies in a previous financial year.

WHC Hire Services Limited’s Fixed Asset investment in its subsidiary Cotswold Tool & Plant Hire Limited has now been impaired to reflect the value of the share capital in Cotswold Tool & Plant Hire Limited following the dividend voted and paid to the Parent Company.