12 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 10,000 10,000 xbrli:pure xbrli:shares iso4217:GBP 08364917 2024-04-01 2025-03-31 08364917 2025-03-31 08364917 2024-03-31 08364917 2023-04-01 2024-03-31 08364917 2024-03-31 08364917 2023-03-31 08364917 core:NetGoodwill 2024-04-01 2025-03-31 08364917 core:MotorVehicles 2024-04-01 2025-03-31 08364917 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 08364917 bus:PreferenceShareClass1 2024-04-01 2025-03-31 08364917 bus:Director2 2024-04-01 2025-03-31 08364917 bus:Director3 2024-04-01 2025-03-31 08364917 core:WithinOneYear 2025-03-31 08364917 core:WithinOneYear 2024-03-31 08364917 core:NetGoodwill 2025-03-31 08364917 core:LandBuildings 2024-03-31 08364917 core:PlantMachinery 2024-03-31 08364917 core:MotorVehicles 2024-03-31 08364917 core:LandBuildings 2025-03-31 08364917 core:PlantMachinery 2025-03-31 08364917 core:MotorVehicles 2025-03-31 08364917 core:PlantMachinery 2024-04-01 2025-03-31 08364917 core:AfterOneYear 2025-03-31 08364917 core:AfterOneYear 2024-03-31 08364917 core:ShareCapital 2025-03-31 08364917 core:ShareCapital 2024-03-31 08364917 core:RevaluationReserve 2025-03-31 08364917 core:RevaluationReserve 2024-03-31 08364917 core:RetainedEarningsAccumulatedLosses 2025-03-31 08364917 core:RetainedEarningsAccumulatedLosses 2024-03-31 08364917 1 core:WithinOneYear 2025-03-31 08364917 1 core:WithinOneYear 2024-03-31 08364917 1 core:AfterOneYear 2025-03-31 08364917 1 core:AfterOneYear 2024-03-31 08364917 core:LandBuildings 2024-03-31 08364917 core:PlantMachinery 2024-03-31 08364917 core:MotorVehicles 2024-03-31 08364917 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2025-03-31 08364917 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-03-31 08364917 bus:SmallEntities 2024-04-01 2025-03-31 08364917 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 08364917 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08364917 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08364917 bus:FullAccounts 2024-04-01 2025-03-31 08364917 bus:OrdinaryShareClass1 2025-03-31 08364917 bus:OrdinaryShareClass1 2024-03-31 08364917 bus:PreferenceShareClass1 2025-03-31 08364917 bus:PreferenceShareClass1 2024-03-31
COMPANY REGISTRATION NUMBER: 08364917
Danbury Plant Hire Limited
Filleted Unaudited Financial Statements
31 March 2025
Danbury Plant Hire Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
6
1,541,117
1,498,475
Current assets
Stocks
6,000
6,000
Debtors
7
143,373
150,152
Cash at bank and in hand
22,140
32,761
---------
---------
171,513
188,913
Creditors: amounts falling due within one year
8
555,511
547,862
---------
---------
Net current liabilities
383,998
358,949
------------
------------
Total assets less current liabilities
1,157,119
1,139,526
Creditors: amounts falling due after more than one year
9
427,356
385,638
Provisions
Taxation including deferred tax
298,625
303,611
------------
------------
Net assets
431,138
450,277
------------
------------
Capital and reserves
Called up share capital
10
100
100
Revaluation reserve
397,948
397,948
Profit and loss account
33,090
52,229
---------
---------
Shareholders funds
431,138
450,277
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Danbury Plant Hire Limited
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 14 August 2025 , and are signed on behalf of the board by:
D V King
P B King
Director
Director
Company registration number: 08364917
Danbury Plant Hire Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales, registration number 08364917 . The address of the registered office is Unit 2, British Legion Business Park, Maldon Road, Danbury, Essex, CM2 0AW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
25% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% - 20% Reducing balance
Motor vehicles
-
20% reducing balance
Office equipment
-
20 % straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 12 (2024: 13 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
10,000
--------
Amortisation
At 1 April 2024 and 31 March 2025
10,000
--------
Carrying amount
At 31 March 2025
--------
At 31 March 2024
--------
6. Tangible assets
Land and buildings
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 April 2024
540,000
1,673,575
58,788
5,280
2,277,643
Additions
263,600
263,600
Disposals
( 229,800)
( 7,800)
( 237,600)
---------
------------
--------
-------
------------
At 31 March 2025
540,000
1,707,375
50,988
5,280
2,303,643
---------
------------
--------
-------
------------
Depreciation
At 1 April 2024
733,464
41,128
4,576
779,168
Charge for the year
141,342
3,532
368
145,242
Disposals
( 155,293)
( 6,591)
( 161,884)
---------
------------
--------
-------
------------
At 31 March 2025
719,513
38,069
4,944
762,526
---------
------------
--------
-------
------------
Carrying amount
At 31 March 2025
540,000
987,862
12,919
336
1,541,117
---------
------------
--------
-------
------------
At 31 March 2024
540,000
940,111
17,660
704
1,498,475
---------
------------
--------
-------
------------
The freehold land was professionally valued in the year to 31 March 2023. The directors feel that the balance sheet value is materially correct at the year end.
Tangible assets held at valuation
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
Land and Buildings
£
At 31 March 2025
Aggregate cost
142,052
Aggregate depreciation
---------
Carrying value
142,052
---------
At 31 March 2024
Aggregate cost
142,052
Aggregate depreciation
---------
Carrying value
142,052
---------
Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Plant and machinery
£
At 31 March 2025
836,027
---------
At 31 March 2024
701,735
---------
7. Debtors
2025
2024
£
£
Trade debtors
132,322
148,043
Prepayments and accrued income
3,251
2,109
Other debtors
7,800
---------
---------
143,373
150,152
---------
---------
8. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
139,512
88,433
Payments received on account
552
Trade creditors
45,085
57,577
Accruals and deferred income
8,413
8,870
Social security and other taxes
20,050
Shares classed as financial liabilities
100,000
50,000
Obligations under finance leases and hire purchase contracts
171,133
94,477
Director loan accounts
78,373
217,047
Other taxes and social security
12,443
11,408
---------
---------
555,511
547,862
---------
---------
Included above is an amount of £129,158 (2024: £78,335) which is secured by HSBC Bank PLC by way of first charge over all assets owned by the company. The preference shareholder has issued a second charge over all assets owned by the company.
HSBC Bank PLC has issued a separate charge over the Leasehold Property known as Unit 2, British Legion Business Park, Maldon Road, Danbury.
9. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
38,736
54,305
Shares classed as financial liabilities
250,000
200,000
Obligations under finance leases and hire purchase contracts
138,620
131,333
---------
---------
427,356
385,638
---------
---------
Included above is an amount of £32,575 (2024: £37,791) which is secured by HSBC Bank PLC by way of first charge over all assets owned by the company. The preference shareholder has issued a second charge over all assets owned by the company.
HSBC Bank PLC has issued a separate charge over the Leasehold Property known as Unit 2, British Legion Business Park, Maldon Road, Danbury.
Included within creditors: amounts falling due after more than one year is an amount of £62,575 (2024: £17,791) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
10. Called up share capital
Issued, called up and fully paid
2025
2024
No.
£
No.
£
Amounts presented in equity:
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
Amounts presented in liabilities:
5% cumulative redeemable preference shares of £ 5 each
70,000
350,000
50,000
250,000
--------
---------
--------
---------
In September 2014 the director, D King, converted £500,000 of his loan account into 100,000 1% cumulative redeemable £5 preference shares. These shares were issued in ten tranches of 10,000 shares each and are to be redeemed annually commencing in 2020 and ending in 2029. In April 2024 the director, D King, converted a further £100,000 of his loan account into 20,000 1% cumulative redeemable £5 preference shares. These shares were issued in tranches of 10,000 shares each and are to be redeemed annually commencing in 2030 and ending in 2031. The redeemable preference shares carry the right to dividends before ordinary shares, and also have priority on winding up of the company. The preference shares carry no voting rights. The preference shareholder shall have the right at any time after the anniversary of the date of the allotment of the preference shares falling in the year of the suffix to require the company to redeem such share at par. No premium will be paid on redemption.
11. Related party transactions
Loans repaid/ (Additional loans) Balance at 31 March Dr/(Cr)
£ £
Directors
Year ended 31 March 2025 89,586 (78,373)
Year ended 31 March 2024 (18,018) (217,047)