Blanchard Wells (Plant Hire) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04195566 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Blanchard Wells (Plant Hire) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr M A Wells

SECRETARY:

Mrs L M Tibballs

REGISTERED OFFICE:

The Meadows

Forester Road

Soberton Heath

Southampton

Hampshire

SO32 3QG

REGISTERED NUMBER:

04195566 (England and Wales)

AUDITORS:

Alliott Wingham Limited

Kintyre House

70 High Street

Fareham

Hampshire

PO16 7BB

FIXED ASSETS

Tangible assets

4

5,513,233

6,027,902

CURRENT ASSETS

Debtors

5

499,096

279,328

Cash at bank

300,665

135,278

799,761

414,606

CREDITORS

Amounts falling due within one year

6

1,878,309

1,722,986

NET CURRENT LIABILITIES

(1,078,548

)

(1,308,380

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,434,685

4,719,522

CREDITORS

Amounts falling due after more than one
year

7

(402,024

)

(1,713,669

)

PROVISIONS FOR LIABILITIES

(1,078,995

)

(876,993

)

NET ASSETS

2,953,666

2,128,860

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

2,953,664

2,128,858

2,953,666

2,128,860

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2025 and were signed by:

Mr M A Wells - Director

1.	STATUTORY INFORMATION

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

Going concern

The directors have taken consideration of the impact of COVID-19 on the business and the withdrawal of the United Kingdom from the European Union. The directors note that the company is trading adequately and has sufficient working capital and other finance available to continue trading for a period of not less than 12 months from the date of signing these financial statements. As such, the directors believe that there are no significant uncertainties in their assessment of whether the business is a going concern and therefore have prepared the accounts on the going concern basis.

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 is recognised in line with when the plant and equipment hire services are provided and adjusted for any deferred or accrued income.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance

Vehicles - 25% on reducing balance

Tangible fixed assets are initially measured at costs and subsequently measured at cost net of depreciation and any impairment losses.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and subsequently measured at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

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

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 January 2024

13,690,717

96,050

13,786,767

Additions

753,112

147,195

900,307

At 31 December 2024

14,443,829

243,245

14,687,074

DEPRECIATION

At 1 January 2024

7,721,559

37,306

7,758,865

Charge for year

1,389,125

25,851

1,414,976

At 31 December 2024

9,110,684

63,157

9,173,841

NET BOOK VALUE

At 31 December 2024

5,333,145

180,088

5,513,233

At 31 December 2023

5,969,158

58,744

6,027,902

Included within the net book value of £5,513,233 is £4,184,873 (2022: £4,313,532) relating to assets held under hire purchase agreements.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

as restated

£

Amounts owed by group undertakings

377,697

150,000

Other debtors

121,399

129,328

499,096

279,328

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

as restated

£

Hire purchase contracts

1,752,798

1,648,696

Trade creditors

54,961

74,290

Taxation and social security

70,550

-

1,878,309

1,722,986

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

as restated

£

Hire purchase contracts

402,024

1,713,669

8.	SECURED DEBTS

Hire purchase contracts are secured by fixed charge on the assets to which they relate.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Nolan FCA (Senior Statutory Auditor)

for and on behalf of Alliott Wingham Limited

10.	RELATED PARTY DISCLOSURES

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 subsidiaries within the group.

Throughout the year, entities controlled by key management personnel invoiced the company £475,000 (2023: £300,000) and no amounts were outstanding a year end (2023: NIL)

11.	ULTIMATE CONTROLLING PARTY

At the year end the parent and ultimate parent company was Taine Holdings Limited which is incorporated in England & Wales.

The ultimate controlling party is Mr M A Wells.