REGISTERED NUMBER: 00848176 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

CLEMENTS PLANT & TOOL HIRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A N Hutchinson

S Willy

N R Heathcote

REGISTERED OFFICE:

Ferry House

New Hythe Lane

Aylesford

ME20 7PW

REGISTERED NUMBER:

00848176 (England and Wales)

AUDITORS:

TGFP

Chartered Accountants & Statutory Auditors

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

FIXED ASSETS

Intangible assets

4

-

1,000

Tangible assets

5

4,029,015

3,808,484

Investments

6

2

2

4,029,017

3,809,486

CURRENT ASSETS

Stocks

22,503

12,717

Debtors

7

752,117

691,827

Cash at bank and in hand

543,221

624,954

1,317,841

1,329,498

CREDITORS

Amounts falling due within one year

8

1,003,403

973,528

NET CURRENT ASSETS

314,438

355,970

TOTAL ASSETS LESS CURRENT LIABILITIES

4,343,455

4,165,456

CREDITORS

Amounts falling due after more than one year

9

(658,440

)

(651,578

)

PROVISIONS FOR LIABILITIES

(682,715

)

(766,288

)

NET ASSETS

3,002,300

2,747,590

CAPITAL AND RESERVES

Called up and paid share capital

150

150

Capital redemption reserve

5,387

5,387

Retained earnings

2,996,763

2,742,053

3,002,300

2,747,590

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 Board of Directors and authorised for issue on 20 November 2025 and were signed on its behalf by:

A N Hutchinson - Director

1.	STATUTORY INFORMATION

Clements Plant & Tool 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.

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 subsidiaries within the group.

Revenue

Revenue is recognised to the extent that is is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Tools and equipment

-

15% on reducing balance

Plant and machinery

-

15% on reducing balance

Office equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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 22 (2024 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

5,000

AMORTISATION

At 1 May 2024

4,000

Amortisation for year

1,000

At 30 April 2025

5,000

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

1,000

5.	TANGIBLE FIXED ASSETS

Tools and

Plant and

Office

Motor

equipment

machinery

equipment

vehicles

Totals

£

£

£

£

£

COST

At 1 May 2024

36,416

6,483,917

12,218

550,491

7,083,042

Additions

3,176

872,855

1,774

203,025

1,080,830

Disposals

(6,200

)

(532,120

)

-

(36,000

)

(574,320

)

At 30 April 2025

33,392

6,824,652

13,992

717,516

7,589,552

DEPRECIATION

At 1 May 2024

21,143

2,938,656

7,761

306,998

3,274,558

Charge for year

2,373

613,168

814

87,618

703,973

Eliminated on disposal

(4,979

)

(400,878

)

-

(12,137

)

(417,994

)

At 30 April 2025

18,537

3,150,946

8,575

382,479

3,560,537

NET BOOK VALUE

At 30 April 2025

14,855

3,673,706

5,417

335,037

4,029,015

At 30 April 2024

15,273

3,545,261

4,457

243,493

3,808,484

6.	FIXED ASSET INVESTMENTS

Shares in

group

under-

takings

£

COST

At 1 May 2024

and 30 April 2025

12,000

PROVISIONS

At 1 May 2024

and 30 April 2025

11,998

NET BOOK VALUE

At 30 April 2025

2

At 30 April 2024

2

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade debtors

556,269

562,262

Prepayments and accrued income

195,848

129,565

752,117

691,827

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Hire purchase contracts

473,882

394,095

Trade creditors

304,231

223,681

Tax

63,056

212,935

Social security and other taxes

23,400

17,748

VAT

92,312

70,495

Other creditors

7,433

11,144

Accrued expenses

39,089

43,430

1,003,403

973,528

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as restated

£

£

Hire purchase contracts

658,440

651,578

10.	SECURED DEBTS

HSBC UK Bank Plc holds fixed and floating charge. The floating charge covers all the property or undertaking of the company.

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

The Report of the Auditors was unqualified.

Benjamin R. Reynolds (Senior Statutory Auditor)

for and on behalf of TGFP

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Heathcote Holdings Limited, incorporated in England and Wales, which is the smallest and largest group in which these financial statements are consolidated; and can be obtained from Companies House.