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REGISTERED NUMBER: 01588338 (England and Wales)












Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 March 2025

for

Alide Plant Services Limited

Alide Plant Services Limited (Registered number: 01588338)






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




Page

Company Information 1

Strategic Report 2

Report of the Directors 5

Report of the Independent Auditors 6

Income Statement 10

Other Comprehensive Income 11

Balance Sheet 12

Statement of Changes in Equity 13

Cash Flow Statement 14

Notes to the Cash Flow Statement 15

Notes to the Financial Statements 16


Alide Plant Services Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: S M Thompson
F H Thompson
B C Thompson
S J Mulrooney





SECRETARY: S M Thompson





REGISTERED OFFICE: 1a Lymore Avenue
Oldfield Park
Bath
BA2 1AU





REGISTERED NUMBER: 01588338 (England and Wales)





AUDITORS: Wormald & Partners
Chartered Accountants (ICAEW)
Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG

Alide Plant Services Limited (Registered number: 01588338)

Strategic Report
for the Year Ended 31 March 2025

The directors present their strategic report for the year ended 31 March 2025.

REVIEW OF BUSINESS
The company is an independent Tool, Plant, Powered Access & Welfare hire company with depots in Bristol, Bath and Keynsham.

Turnover, Gross Profit Margin and Net Profit have improved on last year. Revenue growth was underpinned by improved overall average hire fees increase across the business and limiting hiring plants and machineries from third parties. The underlying health of the business is strong, and the Directors expect the business to continue growing during 2026.

The company continues to invest in new tools, equipment and plants and machineries to provide customers with reliable and up-to-date equipment. The directors regard this investment as being integral to the continuing success of the business and ensure the company provides comprehensive service. The company places a strong importance on investing in the development and training of its staff so that they are knowledgeable on all products and able to provide high level of service to its customers.

PRINCIPAL RISKS AND UNCERTAINTIES
The principal risks and uncertainties facing the company relate to the impact of potential increased competition. The directors ensure they monitor the products on offer from the competitors and that the company remains competitive in its pricing.

The main risks are:

1. Health & Safety - Maintaining fleet of its tools, plant and machineries which are safe and in good working condition. The company has a robust system in place to ensure that all its plants and machineries available for hire are safe and in good working condition prior to being handed to customers. Same checks are made to all plants and tools, when returned at the end of the hire period. If any repairs are required, these are performed prior to making the items available for next hire. In addition, frequent and regular safety checks are made on all its inventory.

2. Risk of obsolete plant and machineries. The company closely monitors the utilisation/hire rate of its stock to avoid risk of holding obsolete items. Following assessment from the management, timely decisions are made to sell items that are at risk of being obsolete, whilst optimising profit on the sale.

3. Risk of failing to meet changing demands. As part of company's commitment to providing a comprehensive service, the company hires tools, plant and machineries from third parties (cross-hire) to meet its customer needs. The company closely monitors its cross-hire. This allows the company to identify tool and plants that are growing in demand and allows it to make timely procurement of these items.


4. The company manages the liquidity risk by ensuring the continuity of funding and flexibility through maintaining adequate bank reserves, with trade creditors liquidity risk managed by ensuring sufficient funds are available to meet amounts due for payment.

5. Trade debtors are managed in respect of credit and cash flow risk by policies concerning the customers' credit accounts, together with the daily monitoring of amounts outstanding.

FINANCIAL INSTRUMENTS
The company's principal financial instruments comprise bank balances, hire purchase, trade creditors and trade debtors. The main purpose of these instruments is to raise funds for and to finance the company's operations. In respect of bank balances, the liquidity risk is managed by maintaining a balance between the continuity of funding and optimization of interest of funds placed in deposit accounts. Major capital investments such as acquisition of new plant and machineries are often funded by hire purchase, if cash reserves are not sufficient to meet both capex and operational needs.

The company manages the liquidity risk by ensuring there are sufficient funds to meet the payments. Trade creditors liquidity risk is managed by ensuring that sufficient funds are available to make the payments as and when they fall due. Trade debtors and cash flow are managed through credit processes to monitor and pursue overdue receipts.


Alide Plant Services Limited (Registered number: 01588338)

Strategic Report
for the Year Ended 31 March 2025

DEVELOPMENT AND PERFORMANCE
The company's profit on ordinary activities after taxation was £623,462 (2024 £505,763).

Turnover for the year was £6,996,204 compared to £6,946,736 in the previous year. The results for the year are set out on page 19 and 20. The company's net current assets are £1,708,771 (2024: £1,409,302) and total shareholders' funds were £4,170,398 (2024: £3,723,808) at the balance sheet date.

The company declared dividends of £176,872 during the year (2024: £293,689).

KEY PERFORMANCE INDICATORS
Key Performance Indicators ('KPI') of the business are gross profit, earnings before interest and tax and customer satisfaction.

Gross Profit for the year was £4,166,655 (59.56%) compared to £4,114,276 (59.23%) in the previous year, an increase of 52,379. Earnings before interest and tax was £1,986,387 compared to £1,998,401 in the previous year.

EMPLOYEE PRACTICES, COMMUNITY AND ENVIRONMENT
Our Employees

An equal opportunities statement and policies to ensure employees are treated with dignity, respect, and equality, regardless of gender, race, nationality, ethnic identity, national origin, religious beliefs, disability, age, marital status, family circumstance, sexual orientation or trade union activity are embedded in the company's operations manual which governs all aspects of operations including recruitment, training, promotion and discipline of staff.

The company runs regular forums with the representatives of staff both to inform employees about developments in the organisation and changes in processes and to gather feedback on the company's operations and provide employees with information about the performance of the business, challenges it faces and their contribution to resolving those. Pay and benefits structures are designed to reward staff in a way that is commensurate with their contribution to the success of the business.

Suppliers

The company relies on its suppliers to provide quality good and services in order to maintain the highest standards in meeting the needs of our customers. The company is committed to having professional and ethical relationships with its suppliers.

Community and Environment

The company's approach is to use its position to create positive change for the people and communities with which it interacts.

Reputation Maintenance

The company's culture is characterised by clear responsibility, mutual respect and trust. Lawful conduct is integral to its business activities and an important condition for maintaining a reputation for high standards of business conduct and securing long term success.

Shareholders

The board contains the company's largest shareholders so there is never any conflict between the two parties.
The Directors and Senior Managers in the business have regular meetings to discuss issues in the business as well as specific forums to discuss individual business decisions. Information and observations, relating to all stakeholders and aspects of the business (financial, employee, service quality, regulation and supply chain\ is taken into account in such meetings as part of any major business decision.

Other information and explanations

Whilst the current market conditions are challenging, the directors however are optimistic that there will be continued and sustained growth in the company for the foreseeable future.


Alide Plant Services Limited (Registered number: 01588338)

Strategic Report
for the Year Ended 31 March 2025




ON BEHALF OF THE BOARD:





F H Thompson - Director


21 July 2025

Alide Plant Services Limited (Registered number: 01588338)

Report of the Directors
for the Year Ended 31 March 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of plant and equipment hire.

DIVIDENDS
An interim dividend of 186.18 per share was paid on 31 March 2025. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 March 2025 will be £ 176,872 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

S M Thompson
F H Thompson
B C Thompson
S J Mulrooney

Other changes in directors holding office are as follows:

Mrs M Thompson - resigned 11 April 2024

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.

AUDITORS
The auditors, Wormald & Partners, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





F H Thompson - Director


21 July 2025

Report of the Independent Auditors to the Members of
Alide Plant Services Limited

Opinion
We have audited the financial statements of Alide Plant Services Limited (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, 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 31 March 2025 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.

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.

Report of the Independent Auditors to the Members of
Alide Plant Services Limited


Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page five, 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
Alide 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:

Identifying and assessing potential risks related to irregularities - In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

a) The nature of the entity's industry and sector, control environment, business performance and management incentives;

b) The results of our specific enquiries of management and those charged with governance about their
own identification and assessment of the risks of irregularities;

c) Any matters we identified having obtained and reviewed the company's documentation of their policies and procedures, relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;
- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

d) The matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following area(s): the recognition of revenue. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override of controls.

We also obtained an understanding of the legal and regulatory frameworks in which the company operates, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and tax legislation.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty.

Audit response to risks identified - Our procedures to respond to risks identified included the following:

a) Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

b) Enquiring of management concerning actual and potential litigation and claims;

c) Performing analytical procedures to identify and unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

d) Reading minutes of meetings of those charged with governance; and

e) In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.


Report of the Independent Auditors to the Members of
Alide Plant Services Limited

Whilst procedures above describe the extent to which our procedures are capable of detecting irregularities, including fraud, there are inherent limitations in these audit procedures. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, misrepresentation or through collusion. We are not responsible for preventing irregularities, including fraud, or non-compliance with laws and regulations and cannot be expected to detect all irregularities or non-compliance with all laws and regulations.

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.




Dilipkumar Patel FCA (Senior Statutory Auditor)
for and on behalf of Wormald & Partners
Chartered Accountants (ICAEW)
Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG

21 July 2025

Alide Plant Services Limited (Registered number: 01588338)

Income Statement
for the Year Ended 31 March 2025

2025 2024
Notes £    £   

TURNOVER 6,996,204 6,946,736

Cost of sales 2,829,549 2,832,460
GROSS PROFIT 4,166,655 4,114,276

Administrative expenses 3,187,448 3,390,569
979,207 723,707

Other operating income - 192,540
OPERATING PROFIT 4 979,207 916,247

Interest receivable and similar income 1,443 4,054
980,650 920,301

Interest payable and similar expenses 5 94,685 87,780
PROFIT BEFORE TAXATION 885,965 832,521

Tax on profit 6 262,503 326,758
PROFIT FOR THE FINANCIAL YEAR 623,462 505,763

Alide Plant Services Limited (Registered number: 01588338)

Other Comprehensive Income
for the Year Ended 31 March 2025

2025 2024
Notes £    £   

PROFIT FOR THE YEAR 623,462 505,763


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

623,462

505,763

Alide Plant Services Limited (Registered number: 01588338)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 3,914,626 3,819,403

CURRENT ASSETS
Stocks 9 35,180 34,544
Debtors 10 3,632,266 2,814,909
Cash at bank and in hand 199,722 594,555
3,867,168 3,444,008
CREDITORS
Amounts falling due within one year 11 2,158,397 2,034,706
NET CURRENT ASSETS 1,708,771 1,409,302
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,623,397

5,228,705

CREDITORS
Amounts falling due after more than one year 12 (539,715 ) (703,236 )

PROVISIONS FOR LIABILITIES 14 (913,284 ) (801,661 )
NET ASSETS 4,170,398 3,723,808

CAPITAL AND RESERVES
Called up share capital 15 950 950
Share premium 16 3,360 3,360
Retained earnings 16 4,166,088 3,719,498
SHAREHOLDERS' FUNDS 4,170,398 3,723,808

The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:




F H Thompson - Director



B C Thompson - Director


Alide Plant Services Limited (Registered number: 01588338)

Statement of Changes in Equity
for the Year Ended 31 March 2025

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1 April 2023 950 3,507,424 3,360 3,511,734

Changes in equity
Dividends - (293,689 ) - (293,689 )
Total comprehensive income - 505,763 - 505,763
Balance at 31 March 2024 950 3,719,498 3,360 3,723,808

Changes in equity
Dividends - (176,872 ) - (176,872 )
Total comprehensive income - 623,462 - 623,462
Balance at 31 March 2025 950 4,166,088 3,360 4,170,398

Alide Plant Services Limited (Registered number: 01588338)

Cash Flow Statement
for the Year Ended 31 March 2025

2025 2024
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,291,765 1,625,741
Interest element of hire purchase payments
paid

(94,685

)

(87,780

)
Tax paid (123,254 ) -
Net cash from operating activities 1,073,826 1,537,961

Cash flows from investing activities
Purchase of tangible fixed assets (1,254,155 ) (998,929 )
Sale of tangible fixed assets 344,775 307,807
Interest received 1,443 4,054
Net cash from investing activities (907,937 ) (687,068 )

Cash flows from financing activities
Capital repayments in year (383,850 ) (495,362 )
Equity dividends paid (176,872 ) (293,689 )
Net cash from financing activities (560,722 ) (789,051 )

(Decrease)/increase in cash and cash equivalents (394,833 ) 61,842
Cash and cash equivalents at beginning of
year

2

594,555

532,713

Cash and cash equivalents at end of year 2 199,722 594,555

Alide Plant Services Limited (Registered number: 01588338)

Notes to the Cash Flow Statement
for the Year Ended 31 March 2025

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025 2024
£    £   
Profit before taxation 885,965 832,521
Depreciation charges 972,930 1,045,315
Profit on disposal of fixed assets (158,773 ) (128,216 )
Finance costs 94,685 87,780
Finance income (1,443 ) (4,054 )
1,793,364 1,833,346
Increase in stocks (636 ) (2,823 )
Increase in trade and other debtors (817,357 ) (177,499 )
Increase/(decrease) in trade and other creditors 316,394 (27,283 )
Cash generated from operations 1,291,765 1,625,741

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2025
31.3.25 1.4.24
£    £   
Cash and cash equivalents 199,722 594,555
Year ended 31 March 2024
31.3.24 1.4.23
£    £   
Cash and cash equivalents 594,555 532,713


3. ANALYSIS OF CHANGES IN NET DEBT

At 1.4.24 Cash flow At 31.3.25
£    £    £   
Net cash
Cash at bank and in hand 594,555 (394,833 ) 199,722
594,555 (394,833 ) 199,722
Debt
Finance leases (1,771,873 ) 383,850 (1,388,023 )
(1,771,873 ) 383,850 (1,388,023 )
Total (1,177,318 ) (10,983 ) (1,188,301 )

Alide Plant Services Limited (Registered number: 01588338)

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

1. STATUTORY INFORMATION

Alide 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.

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.

Turnover
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
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Short Leasehold - Straight line over the term of the lease
Plant & Machinery - 5 years straight line with 20% residual value, 3 years straight line with 10% residual value, 7 years straight line with 16% residual value & 10 years straight line with 10% residual value . Accessory plant being depreciated 10% straight line.
Motor Vehicles - 3 years straight line with 10% residual value
Office Equipment - 25% reducing balance
Fixtures, fittings and equipment - 25% reducing balance

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.

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.

Alide Plant Services Limited (Registered number: 01588338)

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

3. EMPLOYEES AND DIRECTORS
2025 2024
£    £   
Wages and salaries 2,018,638 1,982,310
Social security costs 206,224 197,986
Other pension costs 34,921 33,149
2,259,783 2,213,445

The average number of employees during the year was as follows:
2025 2024

Employees 58 60

2025 2024
£    £   
Directors' remuneration 151,468 126,970

4. OPERATING PROFIT

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

2025 2024
£    £   
Hire of plant and machinery 717,530 865,323
Depreciation - owned assets 972,930 1,045,315
Profit on disposal of fixed assets (158,773 ) (128,216 )
Auditors' & accountants' remuneration 12,000 14,500
Other non- audit services 4,091 13,622

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2025 2024
£    £   
Hire purchase 94,685 87,780

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2025 2024
£    £   
Current tax:
UK corporation tax 150,880 123,254

Deferred tax 111,623 203,504
Tax on profit 262,503 326,758

7. DIVIDENDS
2025 2024
£    £   
Ordinary shares of £1 each
Interim 176,872 293,689

Alide Plant Services Limited (Registered number: 01588338)

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

8. TANGIBLE FIXED ASSETS
Fixtures,
Short Plant and fittings
leasehold machinery & equipment
£    £    £   
COST
At 1 April 2024 322,929 7,437,695 141,036
Additions - 1,080,046 13,790
Disposals - (509,955 ) -
At 31 March 2025 322,929 8,007,786 154,826
DEPRECIATION
At 1 April 2024 239,669 4,368,921 112,766
Charge for year 31,732 674,817 11,186
Eliminated on disposal - (359,608 ) -
At 31 March 2025 271,401 4,684,130 123,952
NET BOOK VALUE
At 31 March 2025 51,528 3,323,656 30,874
At 31 March 2024 83,260 3,068,774 28,270

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 1,428,686 464,418 9,794,764
Additions 137,795 22,524 1,254,155
Disposals (63,503 ) (5,238 ) (578,696 )
At 31 March 2025 1,502,978 481,704 10,470,223
DEPRECIATION
At 1 April 2024 886,077 367,928 5,975,361
Charge for year 229,143 26,052 972,930
Eliminated on disposal (30,164 ) (2,922 ) (392,694 )
At 31 March 2025 1,085,056 391,058 6,555,597
NET BOOK VALUE
At 31 March 2025 417,922 90,646 3,914,626
At 31 March 2024 542,609 96,490 3,819,403

Included with tangible fixed assets, there are assets held under hire purchase agreements with a net book value totalling £1,838,376 (2024: £2,323,256). The depreciation charged during the year in respect of such assets amounted to £478,860 (2024: £589,554).

9. STOCKS
2025 2024
£    £   
Stocks 35,180 34,544

Alide Plant Services Limited (Registered number: 01588338)

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

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,049,248 1,026,145
Thompson & Sons Holdings Ltd 1,618,673 1,618,780
Thompson Bros Holdings Ltd 812,068 -
Prepayments and accrued income 152,277 169,984
3,632,266 2,814,909

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts (see note 13) 848,308 1,068,637
Trade creditors 602,174 465,623
Tax 150,880 123,254
Taxation and social security 166,247 229,975
Other creditors 390,788 147,217
2,158,397 2,034,706

Net obligations under finance leases and hire purchase contracts are secured by fixed charges on the assets concerned.

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Hire purchase contracts (see note 13) 539,715 703,236

13. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025 2024
£    £   
Net obligations repayable:
Within one year 848,308 1,068,637
Between one and five years 539,715 703,236
1,388,023 1,771,873

14. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 913,284 801,661

Deferred
tax
£   
Balance at 1 April 2024 801,661
Charge to Income Statement during year 111,623
Balance at 31 March 2025 913,284

Alide Plant Services Limited (Registered number: 01588338)

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

15. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
950 Ordinary £1 950 950

16. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2024 3,719,498 3,360 3,722,858
Profit for the year 623,462 623,462
Dividends (176,872 ) (176,872 )
At 31 March 2025 4,166,088 3,360 4,169,448

17. RELATED PARTY DISCLOSURES

Thompson Bros Holdings Limited
This company is the ultimate parent company.
Within Debtors due in less than one year there is a balance due from Thompson Bros Holdings Limited of £812,068 (2024: £Nil ).


Thompson & Sons Holdings Limited
Alide Plant Services Limited is a wholly-owned subsidiary company of Alide Plant (Holdings) Limited, which is a wholly-owned subsidiary of Thompson & Sons Holdings Ltd.
Within Debtors due in less than one year there is a balance due from Thompson & Sons Holdings Limited of £1,618,673 (2024: £1,618,780 ).

18. ULTIMATE CONTROLLING PARTY

The parent company is Thompson Bros Holdings Limited, a company registered in England and Wales. The ultimate controlling parties are the directors by virtue of their shareholdings in the parent company.