Company No: 01713690 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
				Restated - note 2
Fixed assets
Tangible assets	4	484,390		504,769
Investment property	5	2,172,616		2,172,616
		2,657,006		2,677,385
Current assets
Debtors	6	656,513		1,042,593
Cash at bank and in hand		776,085		396,479
		1,432,598		1,439,072
Creditors: amounts falling due within one year	7	( 215,250)		( 192,503)
Net current assets		1,217,348		1,246,569
Total assets less current liabilities		3,874,354		3,923,954
Creditors: amounts falling due after more than one year	8	( 28,189)		( 63,876)
Provision for liabilities		( 469,073)		( 473,286)
Net assets		3,377,092		3,386,792
Capital and reserves
Called-up share capital	9	100		100
Fair value reserve		1,179,351		1,179,351
Capital redemption reserve		1		1
Profit and loss account		2,197,640		2,207,340
Total shareholders' funds		3,377,092		3,386,792

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of W Daniels Plant Hire Limited (registered number: 01713690) were approved and authorised for issue by the Board of Directors on 17 December 2025. They were signed on its behalf by:

Mr W M Daniels Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

W Daniels Plant Hire Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit L, Wallsend Industrial Estate, Cattedown Plymouth, PL4 0RW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Prior year adjustment

During the preparation of the current year’s financial statements, it was identified that income relating to container rentals had been omitted in the prior year. The error has been corrected by restating the comparative figures, with the adjustment processed through the intercompany account.

As a result of the increased income, the corporation tax charge for the prior year has also been restated to reflect the revised taxable profit. This adjustment has been reflected in the comparative tax figures and has no impact on the current year’s tax charge or net assets.

(£79,668) Sales
(£21,226) VAT
£6,755 Direct costs
£94,139 Amounts owed to connected companies

(£16,602) Corporation tax liability
£16,602 Corporation tax charge

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from rental income and services is recognised in the period to which the occupancy relates.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Plant and machinery	20 % reducing balance
Vehicles	20 % reducing balance
Fixtures and fittings	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessor
Amounts due from lessees under finance leases are recognised as receivables at the amount of the company’s net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the company’s net investment outstanding in respect of leases.

Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

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.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Prior year adjustment

During the preparation of the current year’s financial statements, it was identified that income relating to container rentals had been omitted in the prior year. The error has been corrected by restating the comparative figures, with the adjustment processed through the intercompany account.

As a result of the increased income, the corporation tax charge for the prior year has also been restated to reflect the revised taxable profit. This adjustment has been reflected in the comparative tax figures and has no impact on the current year’s tax charge or net assets.

		As previously reported		Adjustment		As restated
Year ended 31 March 2024		£		£		£
Other income		62,045		79,668		141,713
Taxation and social security		(19,807)		(21,226)		(41,033)
Direct costs		195,741		6,756		202,497
Amounts owed to connected companies		689,691		94,139		783,830
Tax on profit		(18,665)		16,601		(2,064)

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	6		7

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£
Cost
At 01 April 2024	45,829		1,336,632		129,098		2,396		1,513,955
Additions	0		104,684		0		0		104,684
Disposals	0		( 143,250)		0		0		( 143,250)
At 31 March 2025	45,829		1,298,066		129,098		2,396		1,475,389
Accumulated depreciation
At 01 April 2024	16,505		885,846		105,600		1,235		1,009,186
Charge for the financial year	917		100,575		4,700		232		106,424
Disposals	0		( 124,611)		0		0		( 124,611)
At 31 March 2025	17,422		861,810		110,300		1,467		990,999
Net book value
At 31 March 2025	28,407		436,256		18,798		929		484,390
At 31 March 2024	29,324		450,786		23,498		1,161		504,769

5. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	2,172,616
As at 31 March 2025	2,172,616

Valuation

The directors reviewed the previous valuations of the investment properties during the year, against the market values of comparable real estate and determined that no fair value movements were required.

6. Debtors

	2025		2024
	£		£
Trade debtors	112,851		245,746
Amounts owed by connected companies	540,030		783,830
Other debtors	3,632		13,017
	656,513		1,042,593

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	10,000		10,000
Trade creditors	49,917		29,287
Taxation and social security	90,130		54,040
Obligations under finance leases and hire purchase contracts	25,686		24,520
Other creditors	39,517		74,656
	215,250		192,503

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

	2025		2024
	£		£
Bank loans (secured)	1,667		11,668
Obligations under finance leases and hire purchase contracts	26,522		52,208
	28,189		63,876

The bank borrowings are secured by a government backed loan scheme.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
20 Ordinary shares of £ 1.00 each (2024: 98 shares of £ 1.00 each)	20		98
40 Ordinary A shares of £ 1.00 each (2024: 1 share of £ 1.00 )	40		1
40 Ordinary B shares of £ 1.00 each (2024: 1 share of £ 1.00 )	40		1
	100		100

During the year 78 ordinary shares were redesignated as 39 ordinary A shares of £1 each and 39 ordinary B shares of £1 each