Davies Crane Hire Plant Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09301124

Davies Crane Hire Plant Limited

Filleted Financial Statements

31 March 2025

Davies Crane Hire Plant Limited

Financial Statements

Year ended 31 March 2025

CONTENTS	PAGE

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	3

Davies Crane Hire Plant Limited

Officers and Professional Advisers

The board of directors	Mr D M Davies
	Mrs G P Davies
	Mr N Davies

Registered office	Pensarn Works
	Pensarn
	Carmarthen
	Dyfed
	SA31 2NG

Auditor	James & Uzzell Ltd
	Chartered Certified Accountants & Statutory Auditor
	Axis 15, Axis Court
	Mallard Way
	Riverside Business Park
	Swansea
	SA7 0AJ

Davies Crane Hire Plant Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

FIXED ASSETS

Tangible assets	5	26,652,745	22,198,543

CURRENT ASSETS

Debtors	6	26,000	245,316
Cash at bank and in hand		703,736	797,615
		---------	------------
		729,736	1,042,931

CREDITORS: amounts falling due within one year	7	12,367,979	11,883,770
		-------------	-------------
NET CURRENT LIABILITIES		11,638,243	10,840,839
		-------------	-------------
TOTAL ASSETS LESS CURRENT LIABILITIES		15,014,502	11,357,704

CREDITORS: amounts falling due after more than one year	8	5,742,575	4,210,640

PROVISIONS

Taxation including deferred tax	4,836,968	3,933,828
	-------------	-------------
NET ASSETS	4,434,959	3,213,236
	-------------	-------------

CAPITAL AND RESERVES

Called up share capital	9	1	1
Profit and loss account		4,434,958	3,213,235
		------------	------------
SHAREHOLDERS FUNDS		4,434,959	3,213,236
		------------	------------

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 comprehensive income has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 22 October 2025 , and are signed on behalf of the board by:

Mr N Davies

Director

Company registration number: 09301124

Davies Crane Hire Plant Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. GENERAL INFORMATION

Davies Crane Hire Plant Limited is a private company limited by shares incorporated in England & Wales, United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements. The nature of the company's operations and principal activities are that of plant hire.

2. STATEMENT OF COMPLIANCE

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 'The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102)', Section 1A for Small Entities and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1. The reporting period of these financial statements and its comparative period is 12 months. These financial statements only include the results of the individual entity made up to 31 March 2025. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Davies Crane Hire Holdings Limited which can be obtained from the registered office. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Key management personnel compensation has not been presented for the company.

Going concern

The directors have considered the future trading position of the company and are confident that the going concern principle can be applied to the financial statements.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Leases

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Judgements and key sources of estimation uncertainty

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of asset and liabilities within the next financial year are addressed below. Useful economic lives of tangible assets The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and physical condition of the assets. Impairment of fixed assets The company reviews the potential impairment by a review of the assets condition. Estimates are then made based on the findings of the physical inspection. Impairment of debtors The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. Provisions Estimates are used in determining the value of provisions when recognised. This will be based on historical information, known expectations and reasonable outcomes. Going concern The assessment of going concern may include the use of critical judgements in respect of impact of various external factors such as political, economic and social issues. Material uncertainties are considered in this regard.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The company recognises revenue when the amount of revenue can be reliably measured when it is probable that future economic benefits will flow to the entity. Revenue is recognised as follows: Hire activities Over the period of hire on a straight line basis. Revenue arising from the sale of ex-hire fleet assets, fuel and consumables is recognised in the income statement when the significant risks and rewards of ownership have been transferred to the buyer.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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 & Machinery	-	15% straight line
Fixtures & Fittings	-	25% straight line
Motor Vehicles	-	25% straight line
Cranes & Equipment	-	10% straight line

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

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.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year, including the directors, amounted to 3 (2024: 3).

5. TANGIBLE ASSETS

	Plant and machinery	Fixtures and fittings	Motor vehicles	Cranes & equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	203,275	1,950	2,381,578	23,605,486	26,192,289
Additions	–	41,765	1,017,703	4,539,332	5,598,800
Disposals	( 115,120)	–	( 65,887)	–	( 181,007)
	---------	--------	------------	-------------	-------------
At 31 March 2025	88,155	43,715	3,333,394	28,144,818	31,610,082
	---------	--------	------------	-------------	-------------
Depreciation
At 1 April 2024	61,232	1,950	1,040,950	2,889,614	3,993,746
Charge for the year	5,737	615	272,320	757,423	1,036,095
Disposals	( 29,272)	–	( 43,232)	–	( 72,504)
	---------	--------	------------	-------------	-------------
At 31 March 2025	37,697	2,565	1,270,038	3,647,037	4,957,337
	---------	--------	------------	-------------	-------------
Carrying amount
At 31 March 2025	50,458	41,150	2,063,356	24,497,781	26,652,745
	---------	--------	------------	-------------	-------------
At 31 March 2024	142,043	–	1,340,628	20,715,872	22,198,543
	---------	--------	------------	-------------	-------------

6. DEBTORS

	2025	2024
	£	£
Trade debtors	1,000	–
Other debtors	25,000	245,316
	--------	---------
	26,000	245,316
	--------	---------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	28,493	–
Amounts owed to group undertakings and undertakings in which the company has a participating interest	10,598,968	10,594,261
Social security and other taxes	81,628	–
Other creditors	1,658,890	1,289,509
	-------------	-------------
	12,367,979	11,883,770
	-------------	-------------

Obligations under finance leases and hire purchase contracts are secured by related assets. The aggregate of secured Hire purchase liabilities falling due within one year is £1,613,688 (2024: £1,270,007). Amounts due to group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

8. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	5,742,575	4,210,640
	------------	------------

Obligations under finance leases and hire purchase contracts are secured by related assets. The aggregate of secured hire purchase liabilities falling due between two and five years is £5,742,575 (2024: £4,210,640). The aggregate of secured hire purchase liabilities falling due after five years is £1,027,177.

9. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

10. SUMMARY AUDIT OPINION

The auditor's report dated 22 October 2025 was unqualified .

The senior statutory auditor was Alison Jayne Uzzell FCCA , for and on behalf of James & Uzzell Ltd .

11. RELATED PARTY TRANSACTIONS

Exemption under Section 33.1A has been claimed to not disclose transactions for 100% group companies.

12. PARENT UNDERTAKINGS

The ultimate parent company is Davies Crane Hire Holdings Limited, a company registered in Great Britain.