Southern Structures Plant Hire Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—6

1. General Information

Southern Structures Plant Hire Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13173620 . The registered office is 24 Picton House, Hussar Court, Waterlooville, Hampshire, PO7 7SQ.

The presentation currency of the financial statements is the Pound Sterling (£).

Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Significant judgements and estimations

The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.

Management do not consider there to be any significant judgements or estimates used in the preparation of these financial statements.

2.4. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing Balance
Motor Vehicles	20% Reducing Balance
Fixtures & Fittings	20% Reducing Balance
Office and Computer Equipment	25% Reducing Balance

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

Page 2

Page 3

Southern Structures Plant Hire Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Prior Period Adjustment

The comparative figures for the prior year have been restated to correct a misclassification relating to plant and machinery.

The following adjustments have been made to reflect the appropriate accounting treatment:

Profit / Loss	Original 2023 Accounts	Restated 2023 Accounts	Adjustment
Depreciation	403,380	417,861	14,481
Deferred tax	143,979	142,297	(1,682)
Net effect on profit			12,799 decrease

Balance Sheet	Original 2023 Accounts	Restated 2023 Accounts	Adjustment
Tangible Assets	1,878,110	1,899,378	21,268
Creditors (<1 year)	(935,442)	(987,778)	(52,336)
Creditors (>1 year)	(210,270)	(216,762)	(6,492)
Deferred tax	(402,024)	(400,342)	1,682
Retained Earnings	(340,016)	(316,937)	23,079
Net effect on Balance Sheet			(12,799) decrease

Page 3

Page 4

Southern Structures Plant Hire Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Office and Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	2,228,968	516,412	37,004	27,139	2,809,523
Additions	838,903	69,700	-	12,166	920,769
Disposals	-	(27,950 )	-	(2,044 )	(29,994 )

As at 31 December 2024	3,067,871	558,162	37,004	37,261	3,700,298

Depreciation
As at 1 January 2024	771,434	114,951	13,848	9,913	910,146
Provided during the period	441,260	85,466	4,631	5,707	537,064
Disposals	-	(2,052 )	-	(967 )	(3,019 )

As at 31 December 2024	1,212,694	198,365	18,479	14,653	1,444,191

Net Book Value
As at 31 December 2024	1,855,177	359,797	18,525	22,608	2,256,107

As at 1 January 2024	1,457,534	401,461	23,156	17,226	1,899,377

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2024	2023 as restated
	£	£
Plant & Machinery	312,203	289,312
Motor Vehicles	221,638	257,396

	533,841	546,708

6. Debtors

	2024	2023 as restated
	£	£
Due within one year
Trade debtors	-	3,000
Other debtors	-	15,245

	-	18,245

Page 4

Page 5

Southern Structures Plant Hire Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	319,100	165,789
Trade creditors	25,011	30,225
Amounts owed to group undertakings	685,637	737,290
Other creditors	45,024	54,474
Taxation and social security	14,905	-

	1,089,677	987,778

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	391,898	210,270
Other creditors	60,818	6,492

	452,716	216,762

9. Obligations Under Finance Leases and Hire Purchase

	2024	2023 as restated
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	319,100	165,789
Later than one year and not later than five years	391,898	210,270

	710,998	376,059

	710,998	376,059

10. Share Capital

	2024	2023 as restated
	£	£
Allotted, Called up and fully paid	1	1

11. Contingent Liabilities

The company has given cross guarantees over their assets relating to the borrowing of the parent company. The guarantee was put in place on 07 June 2024. The outstanding loan balance at 31 December 2024 can be found in the financial statements of the smallest group in which the company's results are consolidated is that of Southern Structures Holdings Limited whose registered office address is; 24 Picton House Hussar Court, Waterlooville, Hampshire, United Kingdom, PO7 7SQ, company number:13163563.

12. Related Party Transactions

The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.

13. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

Page 5

Page 6

Southern Structures Plant Hire Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

14. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Southern Structures Holdings Limited by virtue of their interest in the share capital of the company. Southern Structures Holdings Limited was incorporated in the United Kingdom. Copies of the group accounts may be obtained from 24 Picton House, Hussar Court, Waterlooville, Hampshire, England, PO7 7SQ. The ultimate controlling party is Mr Luke Jonathon Blanchard.

15. Audit Information

The auditor's report on the accounts of Southern Structures Plant Hire Limited for the year ended 31 December 2024 was unqualified.

The auditor's report was signed by Katie Wood FCA FCCA (Senior Statutory Auditor) for and on behalf of JWR Audit Limited , Statutory Auditor.

JWR Audit Limited

24 Picton House Hussar Court

Westside View

Waterlooville

PO7 7SQ

Page 6

		2024		2023 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		2,256,107		1,899,377

			2,256,107		1,899,377
CURRENT ASSETS
Debtors	6	-		18,245
Cash at bank and in hand		56,217		35,898

		56,217		54,143
Creditors: Amounts Falling Due Within One Year	7	(1,089,677 )		(987,778 )

NET CURRENT ASSETS (LIABILITIES)			(1,033,460 )		(933,635 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,222,647		965,742

Creditors: Amounts Falling Due After More Than One Year	8		(452,716 )		(216,762 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(526,747 )		(400,342 )

NET ASSETS			243,184		348,638

CAPITAL AND RESERVES
Called up share capital	10		1		1
Profit and Loss Account			243,183		348,637

SHAREHOLDERS' FUNDS			243,184		348,638