Registration number: 04986111

Wearmouth Plant Hire Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Wearmouth Plant Hire Ltd

Company Information

Directors

Mrs C Wearmouth Mr C Wearmouth Mr G Wearmouth Mr J A Wearmouth

Company secretary

Mrs C Wearmouth

Registered office

Alderbank Church Brough Kirkby stephen Cumbria CA17 4EW

Accountants

Stables Thompson & Briscoe Limited Chartered Accountants & Business AdvisersUnit 27, Cumberland House Kirkby Stephen Business Park St Luke’s Road Kirkby Stephen Cumbria CA17 4HT

Wearmouth Plant Hire Ltd

(Registration number: 04986111)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,759,033	1,692,360
Investment property	5	201,239	201,239
		1,960,272	1,893,599
Current assets
Stocks	6	75,200	27,000
Debtors	7	182,153	189,079
Cash at bank and in hand		-	8,415
		257,353	224,494
Creditors: Amounts falling due within one year	8	(315,211)	(325,063)
Net current liabilities		(57,858)	(100,569)
Total assets less current liabilities		1,902,414	1,793,030
Creditors: Amounts falling due after more than one year	8	(1,085,797)	(1,026,517)
Provisions for liabilities		(142,272)	(128,139)
Net assets		674,345	638,374
Capital and reserves
Called up share capital		500	500
Retained earnings		673,845	637,874
Shareholders' funds		674,345	638,374

For the financial period ending 30 September 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 accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 December 2025 and signed on its behalf by:
 

Wearmouth Plant Hire Ltd

(Registration number: 04986111)
Balance Sheet as at 30 September 2025

......................................... Mrs C Wearmouth Company secretary and director

Wearmouth Plant Hire Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 30 September 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Alderbank
Church Brough
Kirkby stephen
Cumbria
CA17 4EW

These financial statements were authorised for issue by the Board on 12 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Wearmouth Plant Hire Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 30 September 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Wearmouth Plant Hire Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 30 September 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Wearmouth Plant Hire Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 30 September 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 6 (2024 - 6).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	1,121,909	1,693,617	338,630	3,154,156
Additions	9,188	210,249	73,510	292,947
Disposals	-	(50,500)	(36,600)	(87,100)
At 30 September 2025	1,131,097	1,853,366	375,540	3,360,003
Depreciation
At 1 April 2024	5,453	1,169,553	286,790	1,461,796
Charge for the period	6,037	164,011	44,790	214,838
Eliminated on disposal	-	(44,972)	(30,692)	(75,664)
At 30 September 2025	11,490	1,288,592	300,888	1,600,970
Carrying amount
At 30 September 2025	1,119,607	564,774	74,652	1,759,033
At 31 March 2024	1,116,456	524,064	51,840	1,692,360

Included within the net book value of land and buildings above is £1,045,178 (2024 - £1,045,178) in respect of freehold land and buildings and £74,429 (2024 - £71,278) in respect of short leasehold land and buildings.
 

5	Investment properties

Wearmouth Plant Hire Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 30 September 2025

	2025 £
At 1 April	201,239
At 30 September	201,239

There has been no valuation of investment property by an independent valuer.

6

Stocks

	2025 £	2024 £
Other inventories	75,200	27,000

7

Debtors

Current	2025 £	2024 £
Trade debtors	155,421	134,619
Prepayments	1,950	26,503
Other debtors	24,782	27,957
	182,153	189,079

Wearmouth Plant Hire Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 30 September 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	170,783	129,708
Trade creditors		49,644	71,533
Taxation and social security		-	11,236
Accruals and deferred income		94,784	112,765
Other creditors		-	(179)
		315,211	325,063

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	621,626	585,191
Other financial liabilities		464,171	441,326
		1,085,797	1,026,517

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	339,638	398,403
Hire purchase contracts	281,988	186,788
	621,626	585,191

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	38,899	38,900
Bank overdrafts	6,474	-
Hire purchase contracts	125,410	90,808
	170,783	129,708

Wearmouth Plant Hire Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 30 September 2025

10	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	59,441	59,441
Later than one year and not later than five years	74,712	163,873
	134,153	223,314

The amount of non-cancellable operating lease payments recognised as an expense during the period was £89,162 (2024 - £70,612).

11	Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are financial commitments of £378,537 (2024 - £437,302). The bank loans are secured as follows :-

The Agricultural Mortgage Corporation PLC re Legal Charge over land at Hollin Head, Little Musgrave, Kirkby Stephen, Cumbria.

The Agricultural Mortgage Corporation PLC re Legal Charge over land and buildings at Eden View Farm, Low Moor, Penrith, Cumbria and Cumpstone House, North Stainmore, Kirkby Stephen, Cumbria.