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REGISTERED NUMBER: 07136718 (England and Wales)














Strategic Report,

Report of the Directors and

Financial Statements

for the Year Ended 31 March 2025

for

HEWITSON PLANT HIRE LIMITED

HEWITSON PLANT HIRE LIMITED (REGISTERED NUMBER: 07136718)






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




Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 5

Income Statement 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 14


HEWITSON PLANT HIRE LIMITED

Company Information
for the Year Ended 31 March 2025







Directors: M E Hewitson
D G Jones
O S Hewitson



Registered office: Teesside Grange
Eaglescliffe
Stockton-On-Tees
TS16 0QH



Registered number: 07136718 (England and Wales)



Senior statutory auditor: Karl Michael Gordon FCCA



Auditors: Mitchell Gordon LLP
Accountants and Statutory Auditor
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

HEWITSON PLANT HIRE LIMITED (REGISTERED NUMBER: 07136718)

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 group has continued to grow at a sustainable pace and remains aligned with its performance objectives, delivering profitability consistent with other plant hire firms operating in the region.

It has successfully strengthened relationships with its client base, with a high proportion of revenue generated through repeat hires, while also expanding into new customer segments.

A healthy schedule of bookings is in place for the year ahead, and the business retains sufficient fleet capacity to support short-notice or emergency plant hire requests.

In 2025 and 2026, the group will continue to reinvest profits into modernising and expanding its plant fleet. This investment aims to increase operational efficiency and reduce environmental impact particularly CO2 emissions through adoption of low-emission machinery.

The group has also focused on developing the next generation of operational staff through structured training and mentoring, ensuring long-term expertise remains within the business and high service standards are sustained.

The group has pursued strategic acquisitions throughout 2025, with the aim to expand into new geographic regions, reach additional customer demographics, and diversify its business operations. No acquisitions have taken place with the exception of those disclosed within the accounts for Hewitson Group Limited which are made publicly available on Companies House.

Principal risks and uncertainties
Economic Risk
The group faces ongoing macroeconomic pressures including rising costs for energy, fuel, labour, and machinery procurement. These risks are mitigated by maintaining strong cash reserves, deploying flexible and transparent contract terms, implementing contingency measures, and leveraging digital platforms for cost tracking and operational optimisation.

Operational Risk
The group's main operational risks relate to equipment reliability, fleet availability, and compliance with health, safety, and environmental regulations.

Key challenges include machinery breakdowns, delays in maintenance, and limited access to spare parts or skilled technicians-all of which can impact service delivery and customer satisfaction.

To mitigate these risks, the group has;
- Invested in modern and well-maintained machinery to reduce downtime,
- Implemented a fleet management system to track usage, servicing schedules, and performance,
- Established strong relationships with suppliers to ensure rapid access to parts and technical support,
- Prioritised staff training and certification to ensure safe operations and regulatory compliance,
- Maintained insurance coverage to protect against equipment failure and liability exposure.

These measures help the business remain responsive to customer needs while upholding service standards and minimising operational disruptions.


HEWITSON PLANT HIRE LIMITED (REGISTERED NUMBER: 07136718)

Strategic Report
for the Year Ended 31 March 2025


The group's key financial performance indicators for the year were:
2025 2024
Turnover £16.6m £12.2m
Profit before tax £0.7m £0.4m
Total fixed assets £28.7m £23.0m
Shareholders funds £3.7m £3.2m

On behalf of the board:





M E Hewitson - Director


29 August 2025

HEWITSON PLANT HIRE LIMITED (REGISTERED NUMBER: 07136718)

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 hire and sales.

Dividends
No dividends will be distributed for the year ended 31 March 2025.

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

M E Hewitson
D G Jones
O S Hewitson

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, Mitchell Gordon LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:





M E Hewitson - Director


29 August 2025

Report of the Independent Auditors to the Members of
Hewitson Plant Hire Limited

Opinion
We have audited the financial statements of Hewitson Plant Hire 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 loss 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
Hewitson Plant Hire 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 four, 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.

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:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- 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 identified the laws and regulations applicable to the company through discussions with directors and other
management, and from our commercial knowledge and experience of the sectors in which the company operates;
- we focused on specific laws and regulations which we considered may have a direct material effect on the
financial statements or the operations of the company, including the Companies Act 2006, taxation legislation,
data protection compliance, anti-bribery, employment, environmental and health and safety legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of
management and inspecting legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert
to instances of non-compliance throughout the audit.
These procedures did not identify any potentially material actual or suspected non-compliance.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge
of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and
regulations.

Report of the Independent Auditors to the Members of
Hewitson Plant Hire Limited


To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- reviewed material journal entries to identify unusual transactions or posting by unusual users;
- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of
potential bias; and
- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC and the company's legal advisors.

Owing 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, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it.

In addition, as with any audit, there remains a higher risk of non-detection of fraud, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. Our audit procedures are designed to detect material misstatement. We are not responsible for preventing non-compliance of fraud and cannot be expected to detect non-compliance with all laws & 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.




Karl Michael Gordon FCCA (Senior Statutory Auditor)
for and on behalf of Mitchell Gordon LLP
Accountants and Statutory Auditor
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

29 August 2025

HEWITSON PLANT HIRE LIMITED (REGISTERED NUMBER: 07136718)

Income Statement
for the Year Ended 31 March 2025

31/3/25 31/3/24
Notes £    £   

Turnover 3 16,627,350 12,194,841

Cost of sales 12,821,462 9,658,900
Gross profit 3,805,888 2,535,941

Administrative expenses 2,108,403 1,153,499
1,697,485 1,382,442

Other operating income 3,386 3,938
Operating profit 5 1,700,871 1,386,380

Interest receivable and similar income 6,263 2,095
1,707,134 1,388,475

Interest payable and similar expenses 6 964,440 943,832
Profit before taxation 742,694 444,643

Tax on profit 7 848,160 2,270,230
Loss for the financial year (105,466 ) (1,825,587 )

HEWITSON PLANT HIRE LIMITED (REGISTERED NUMBER: 07136718)

Other Comprehensive Income
for the Year Ended 31 March 2025

31/3/25 31/3/24
Notes £    £   

Loss for the year (105,466 ) (1,825,587 )


Other comprehensive income
Present value of capital contribution 650,831 99,452
Income tax relating to other comprehensive
income

-

-
Other comprehensive income for the year,
net of income tax

650,831

99,452
Total comprehensive income for the year 545,365 (1,726,135 )

HEWITSON PLANT HIRE LIMITED (REGISTERED NUMBER: 07136718)

Balance Sheet
31 March 2025

31/3/25 31/3/24
Notes £    £    £   
Fixed assets
Tangible assets 8 28,692,810 23,011,837

Current assets
Stocks 9 273,282 501,975
Debtors 10 3,534,396 2,610,470
Cash at bank and in hand 949,885 298,978
4,757,563 3,411,423
Creditors
Amounts falling due within one year 11 8,434,609 9,209,251
Net current liabilities (3,677,046 ) (5,797,828 )
Total assets less current liabilities 25,015,764 17,214,009

Creditors
Amounts falling due after more than one
year

12

(16,834,592

)

(10,426,362

)

Provisions for liabilities 15 (4,451,578 ) (3,603,418 )
Net assets 3,729,594 3,184,229

Capital and reserves
Called up share capital 16 1 1
Capital contribution 17 934,405 283,574
Retained earnings 17 2,795,188 2,900,654
Shareholders' funds 3,729,594 3,184,229

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:





M E Hewitson - Director


HEWITSON PLANT HIRE LIMITED (REGISTERED NUMBER: 07136718)

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

Called up
share Retained Capital Total
capital earnings contribution equity
£    £    £    £   
Balance at 1 April 2023 1 4,726,241 184,122 4,910,364

Changes in equity
Total comprehensive income - (1,825,587 ) 99,452 (1,726,135 )
Balance at 31 March 2024 1 2,900,654 283,574 3,184,229

Changes in equity
Total comprehensive income - (105,466 ) 650,831 545,365
Balance at 31 March 2025 1 2,795,188 934,405 3,729,594

HEWITSON PLANT HIRE LIMITED (REGISTERED NUMBER: 07136718)

Cash Flow Statement
for the Year Ended 31 March 2025

31/3/25 31/3/24
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 5,429,526 4,239,540
Interest element of hire purchase payments
paid

(964,440

)

(943,832

)
Net cash from operating activities 4,465,086 3,295,708

Cash flows from investing activities
Purchase of tangible fixed assets (3,123,138 ) (3,039,343 )
Sale of tangible fixed assets 4,619,408 5,151,708
Interest received 6,263 2,095
Net cash from investing activities 1,502,533 2,114,460

Cash flows from financing activities
Movement on group balances 3,019,838 1,035,287
Capital repayments in year (8,336,550 ) (6,707,274 )
Net cash from financing activities (5,316,712 ) (5,671,987 )

Increase/(decrease) in cash and cash equivalents 650,907 (261,819 )
Cash and cash equivalents at beginning of
year

2

298,978

560,797

Cash and cash equivalents at end of year 2 949,885 298,978

HEWITSON PLANT HIRE LIMITED (REGISTERED NUMBER: 07136718)

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

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

31/3/25 31/3/24
£    £   
Profit before taxation 742,694 444,643
Depreciation charges 4,564,473 4,156,067
Profit on disposal of fixed assets (580,651 ) (771,124 )
Fixed asset adjustment - (6,524 )
Government grants (3,386 ) (3,938 )
Finance costs 964,440 943,832
Finance income (6,263 ) (2,095 )
5,681,307 4,760,861
Decrease in stocks 228,694 31,670
Increase in trade and other debtors (938,308 ) (648,968 )
Increase in trade and other creditors 457,833 95,977
Cash generated from operations 5,429,526 4,239,540

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 949,885 298,978
Year ended 31 March 2024
31/3/24 1/4/23
£    £   
Cash and cash equivalents 298,978 560,797


3. ANALYSIS OF CHANGES IN NET DEBT

Other
non-cash
At 1/4/24 Cash flow changes At 31/3/25
£    £    £    £   
Net cash
Cash at bank
and in hand 298,978 650,907 949,885
298,978 650,907 949,885
Debt
Finance leases (14,764,456 ) 8,336,550 (11,161,066 ) (17,588,972 )
(14,764,456 ) 8,336,550 (11,161,066 ) (17,588,972 )
Total (14,465,478 ) 8,987,457 (11,161,066 ) (16,639,087 )

HEWITSON PLANT HIRE LIMITED (REGISTERED NUMBER: 07136718)

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

1. STATUTORY INFORMATION

Hewitson Plant Hire 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.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources and support from the parent company, Hewitson Group Limited, to continue in operational existence for at least the next twelve months.

The financial statements have been prepared under the going concern basis of accounting.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned entities within the group.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis.

Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the sale of plant is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Turnover from the hire of plant is recognised by reference to the period of hire at the balance sheet date.

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 - At varying rates
Motor vehicles - 33% on reducing balance and 25% on reducing balance
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.

HEWITSON PLANT HIRE LIMITED (REGISTERED NUMBER: 07136718)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit and loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
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 company after deducting all of its liabilities.


HEWITSON PLANT HIRE LIMITED (REGISTERED NUMBER: 07136718)

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

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

31/3/25 31/3/24
£    £   
United Kingdom 16,005,054 9,761,312
Europe 236,846 1,183,866
Middle East and Asia - 692,313
North & South America 385,450 498,300
Africa - 59,050
16,627,350 12,194,841

HEWITSON PLANT HIRE LIMITED (REGISTERED NUMBER: 07136718)

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

4. EMPLOYEES AND DIRECTORS
31/3/25 31/3/24
£    £   
Wages and salaries 1,617,717 1,481,477
Other pension costs 24,205 22,639
1,641,922 1,504,116

The average number of employees during the year was as follows:
31/3/25 31/3/24

Directors 3 3
Staff 30 41
33 44

31/3/25 31/3/24
£    £   
Directors' remuneration - -

5. OPERATING PROFIT

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

31/3/25 31/3/24
£    £   
Hire of plant and machinery 2,837,404 2,127,311
Depreciation - owned assets 912,757 1,209,518
Depreciation - assets on hire purchase contracts 3,651,717 2,946,549
Profit on disposal of fixed assets (580,651 ) (771,124 )
Auditors' remuneration 8,977 7,414
Foreign exchange differences (4,773 ) 4,120

6. INTEREST PAYABLE AND SIMILAR EXPENSES
31/3/25 31/3/24
£    £   
Hire purchase 964,440 943,832

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31/3/25 31/3/24
£    £   
Deferred tax 848,160 2,270,230
Tax on profit 848,160 2,270,230

UK corporation tax was charged at 25%) in 2024.

HEWITSON PLANT HIRE LIMITED (REGISTERED NUMBER: 07136718)

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

7. TAXATION - continued

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

31/3/25 31/3/24
£    £   
Profit before tax 742,694 444,643
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2024 - 25%)

185,674

111,161

Effects of:
Expenses not deductible for tax purposes 924 1,051
Income not taxable for tax purposes (146,009 ) (193,766 )
Capital allowances in excess of depreciation (754,349 ) (666,442 )
Utilisation of tax losses 698,422 696,236

Chargeable gains 15,338 51,760
Movement in deferred tax due to rate change - 864,820
Accelerated capital allowances 848,160 1,405,410
Total tax charge 848,160 2,270,230

Tax effects relating to effects of other comprehensive income

31/3/25
Gross Tax Net
£    £    £   
Present value of capital contribution 650,831 - 650,831

31/3/24
Gross Tax Net
£    £    £   
Present value of capital contribution 99,452 - 99,452

HEWITSON PLANT HIRE LIMITED (REGISTERED NUMBER: 07136718)

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

8. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 32,729,921 359,969 7,346 33,097,236
Additions 14,126,859 157,345 - 14,284,204
Disposals (7,033,048 ) (25,275 ) (7,346 ) (7,065,669 )
At 31 March 2025 39,823,732 492,039 - 40,315,771
DEPRECIATION
At 1 April 2024 9,938,631 139,660 7,108 10,085,399
Charge for year 4,489,577 74,591 306 4,564,474
Eliminated on disposal (2,998,910 ) (20,588 ) (7,414 ) (3,026,912 )
At 31 March 2025 11,429,298 193,663 - 11,622,961
NET BOOK VALUE
At 31 March 2025 28,394,434 298,376 - 28,692,810
At 31 March 2024 22,791,290 220,309 238 23,011,837

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2024 23,302,554 153,847 23,456,401
Additions 11,812,743 - 11,812,743
Disposals (3,240,187 ) - (3,240,187 )
Transfer to ownership (5,400,152 ) - (5,400,152 )
At 31 March 2025 26,474,958 153,847 26,628,805
DEPRECIATION
At 1 April 2024 5,756,446 35,775 5,792,221
Charge for year 3,620,528 31,189 3,651,717
Eliminated on disposal (1,111,028 ) - (1,111,028 )
Transfer to ownership (2,608,361 ) - (2,608,361 )
At 31 March 2025 5,657,585 66,964 5,724,549
NET BOOK VALUE
At 31 March 2025 20,817,373 86,883 20,904,256
At 31 March 2024 17,546,108 118,072 17,664,180

9. STOCKS
31/3/25 31/3/24
£    £   
Stocks 273,282 501,975

HEWITSON PLANT HIRE LIMITED (REGISTERED NUMBER: 07136718)

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

10. DEBTORS
31/3/25 31/3/24
£    £   
Amounts falling due within one year:
Trade debtors 2,407,313 2,083,180
Amounts owed by group undertakings 9,130 23,513
Other debtors 845,470 135,722
VAT 133,940 361,844
Prepayments and accrued income - 6,211
3,395,853 2,610,470

Amounts falling due after more than one year:
Other debtors 138,543 -

Aggregate amounts 3,534,396 2,610,470

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Hire purchase contracts (see note 13) 6,983,379 6,125,999
Trade creditors 1,061,112 783,352
Amounts owed to group undertakings - 2,089,381
Social security and other taxes 47,340 33,295
Other creditors 252,414 95,438
Deferred grant income 2,913 3,386
Accrued expenses 87,451 78,400
8,434,609 9,209,251

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/25 31/3/24
£    £   
Hire purchase contracts (see note 13) 10,605,593 8,638,457
Amounts owed to group undertakings 6,211,130 1,767,124
Deferred grant income 17,869 20,781
16,834,592 10,426,362

13. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31/3/25 31/3/24
£    £   
Net obligations repayable:
Within one year 6,983,379 6,125,999
Between one and five years 10,605,593 8,638,457
17,588,972 14,764,456

HEWITSON PLANT HIRE LIMITED (REGISTERED NUMBER: 07136718)

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

14. SECURED DEBTS

The following secured debts are included within creditors:

31/3/25 31/3/24
£    £   
Hire purchase contracts 17,588,972 14,764,456

The debts are secured via the assets which they have financed. Interest rates underlying all obligations vary under each contract ranging between 3% and 9%.

15. PROVISIONS FOR LIABILITIES
31/3/25 31/3/24
£    £   
Deferred tax 4,451,578 3,603,418

Deferred
tax
£   
Balance at 1 April 2024 3,603,418
Accelerated capital allowances 848,160
Balance at 31 March 2025 4,451,578

The amount of the net reversal of deferred tax expected to occur next year relating to the reversal of existing timing difference on tangible fixed assets is £761,121 (2024: £623,899).

16. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/25 31/3/24
value: £    £   
1 Ordinary £1 1 1

Each share carries one vote and the right to participate in any distribution as recommended by the directors, on a pro-rata basis with regard to total number of shares in issue.

17. RESERVES
Retained Capital
earnings contribution Totals
£    £    £   

At 1 April 2024 2,900,654 283,574 3,184,228
Deficit for the year (105,466 ) (105,466 )
Capital contribution - 650,831 650,831
At 31 March 2025 2,795,188 934,405 3,729,593

The capital contribution reserve represents a capital contribution arising on a loan received from the parent company at a below market rate of interest.

HEWITSON PLANT HIRE LIMITED (REGISTERED NUMBER: 07136718)

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

18. ULTIMATE PARENT COMPANY

The ultimate parent company is Hewitson Group Ltd, a private company limited by shares registered in England and Wales.This is the largest and smallest group in which the company is included in the consolidation.

The registered office is the same as for Hewitson Plant Hire Limited and can be found on the company information page. Consolidated group accounts are prepared by the parent and be obtained from Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ.

19. CONTINGENT LIABILITIES

A multilateral guarantee and debenture exists between Hewitson Plant Hire Limited, Hewitson Limited, Hewitson Haulage Ltd, Hewitson Plant Sales Limited, Oaktree Living Limited and HAB Northern Ltd dated 14th April 2014 in favour of HSBC Bank plc.

The total liability owed to HSBC at the year-end accross the group is £5,278,035.

20. RELATED PARTY DISCLOSURES

Other related parties
31/3/25 31/3/24
£    £   
Sales 753,743 614,250
Purchases 525,918 585,537
Amount due from related party 97,483 41,562
Amount due to related party 32,657 -

21. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M E Hewitson.