Company registration number 04752244 (England and Wales)
KELLY PLANT HIRE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
KELLY PLANT HIRE LIMITED
COMPANY INFORMATION
Director
Mr S A Kelly
Company number
04752244
Registered office
Dunstall Court Estate Offices
Astwood Lane
Feckenham
Redditch
Worcestershire
B96 6QH
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Barclays Bank Plc
26-28 Evesham Walk
Kingfisher Centre
Redditch
Worcestershire
B97 4EX
KELLY PLANT HIRE LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
KELLY PLANT HIRE LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KELLY PLANT HIRE LIMITED FOR THE YEAR ENDED 31 MAY 2025
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kelly Plant Hire Limited for the year ended 31 May 2025 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Kelly Plant Hire Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kelly Plant Hire Limited and state those matters that we have agreed to state to the b oard of d irectors of Kelly Plant Hire Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kelly Plant Hire Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Kelly Plant Hire Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kelly Plant Hire Limited. You consider that Kelly Plant Hire Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kelly Plant Hire Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Ormerod Rutter Limited
8 September 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
KELLY PLANT HIRE LIMITED
BALANCE SHEET
AS AT 31 MAY 2025
31 May 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
3,558,344
2,682,253
Current assets
Debtors
5
665,759
736,181
Cash at bank and in hand
290,744
517,256
956,503
1,253,437
Creditors: amounts falling due within one year
6
(2,214,265)
(1,898,275)
Net current liabilities
(1,257,762)
(644,838)
Total assets less current liabilities
2,300,582
2,037,415
Creditors: amounts falling due after more than one year
7
(283,597)
(492,834)
Provisions for liabilities
8
(268,861)
(157,443)
Net assets
1,748,124
1,387,138
Capital and reserves
Called up share capital
10
100
100
Revaluation reserve
11
1,075,434
795,781
Profit and loss reserves
672,590
591,257
Total equity
1,748,124
1,387,138

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

KELLY PLANT HIRE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2025
31 May 2025
- 3 -
The financial statements were approved and signed by the director and authorised for issue on 8 September 2025
Mr S A Kelly
Director
Company registration number 04752244 (England and Wales)
KELLY PLANT HIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 4 -
1
Accounting policies
Company information

Kelly Plant Hire Limited is a private company limited by shares incorporated in England and Wales. The registered office is Dunstall Court Estate Offices, Astwood Lane, Feckenham, Redditch, Worcestershire, B96 6QH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and has been amortised on a systematic basis over its expected life.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% reducing balance
Fixtures and fittings
10% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Taxation

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

KELLY PLANT HIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

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

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
11
7
KELLY PLANT HIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 6 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 June 2024 and 31 May 2025
30,000
Amortisation and impairment
At 1 June 2024 and 31 May 2025
30,000
Carrying amount
At 31 May 2025
-
0
At 31 May 2024
-
0
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Total
£
£
£
Cost or valuation
At 1 June 2024
2,681,917
390
2,682,307
Additions
1,349,856
1,178
1,351,034
Disposals
(24,259)
-
0
(24,259)
Revaluation
(450,432)
-
0
(450,432)
At 31 May 2025
3,557,082
1,568
3,558,650
Depreciation and impairment
At 1 June 2024
-
0
54
54
Depreciation charged in the year
730,940
252
731,192
Eliminated in respect of disposals
(855)
-
0
(855)
Revaluation
(730,085)
-
0
(730,085)
At 31 May 2025
-
0
306
306
Carrying amount
At 31 May 2025
3,557,082
1,262
3,558,344
At 31 May 2024
2,681,917
336
2,682,253

Assets with a carrying amount of £3,246,147 were revalued at 31st May 202 5 by MGR Appraisals Management Ltd, independent valuers not connected with the company on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar p lant and machinery.

The revaluation surplus is disclosed in note 11.

KELLY PLANT HIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
4
Tangible fixed assets
(Continued)
- 7 -

If revalued assets were stated on an historical cost basis rather than a fair value basis, the total amounts included would have been as follows:

2025
2024
£
£
Cost
5,121,568
3,797,592
Accumulated depreciation
(2,272,173)
(1,541,782)
Carrying value
2,849,395
2,255,810
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
559,979
716,208
Other debtors
105,780
19,973
665,759
736,181
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
89,495
90,673
Amounts owed to group undertakings
1,639,389
1,213,859
Taxation and social security
(21,056)
183,494
Other creditors
506,437
410,249
2,214,265
1,898,275
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
283,597
492,834
8
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
268,861
157,443
KELLY PLANT HIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 8 -
9
Secured debts
The following secured debts are included within creditors:
2025
2024
£
£
Hire purchase contracts
782,445
895,619
Hire purchase contracts are secured against the assets to which they relate.
10
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
11
Revaluation reserve
2025
2024
£
£
At the beginning of the year
795,781
566,423
Revaluation surplus arising in the year
279,653
229,358
At the end of the year
1,075,434
795,781
12
Control

Ultimate parent company

The ultimate parent company is Kelly (West Midlands) Holdings Limited, a company registered in England and Wales.

Ultimate controlling party

The ultimate controlling party is Mr S A Kelly, by virtue of his controlling interest in the ultimate parent company.

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