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Company No: 10737573 (England and Wales)

# STEVE COLLINS PLANT HIRE LIMITED

### Unaudited Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

STEVE COLLINS PLANT HIRE LIMITED

## Unaudited Financial Statements

For the financial year ended 30 April 2025

Contents

STEVE COLLINS PLANT HIRE LIMITED

## BALANCE SHEET

As at 30 April 2025
STEVE COLLINS PLANT HIRE LIMITED

## BALANCE SHEET (continued)

As at 30 April 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 869,832 |  | 882,609
Investments | 4 | 100 |  | 100
|  | 869,932 |  | 882,709
Current assets |  |  |  |
Debtors | 5 | 10,201 |  | 10,318
Cash at bank and in hand |  | 8,082 |  | 32,829
|  | 18,283 |  | 43,147
Creditors: amounts falling due within one year | 6 | ( 309,680) |  | ( 199,658)
Net current liabilities |  | (291,397) |  | (156,511)
Total assets less current liabilities |  | 578,535 |  | 726,198
Creditors: amounts falling due after more than one year | 7 | ( 473,762) |  | ( 553,651)
Net assets |  | 104,773 |  | 172,547
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 104,673 |  | 172,447
Total shareholders' funds |  | 104,773 |  | 172,547

For the financial year ending 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Steve Collins Plant Hire Limited (registered number: 10737573) were approved and authorised for issue by the Board of Directors on 01 October 2025. They were signed on its behalf by:

M S Collins Director |

STEVE COLLINS PLANT HIRE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
STEVE COLLINS PLANT HIRE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025

##### 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

Steve Collins 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 Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, 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 £.

##### 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 services is recognised as they are delivered.

##### 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.

##### 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 | not depreciated
Plant and machinery | 15 % reducing balance
Vehicles | 25 % 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 lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.
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.

##### 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.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 May 2024 | 726,914 |  | 4,983 |  | 451,596 |  | 1,183,493
Additions | 0 |  | 0 |  | 30,887 |  | 30,887
Disposals | 0 |  | 0 |  | ( 28,392) |  | ( 28,392)
At 30 April 2025 | 726,914 |  | 4,983 |  | 454,091 |  | 1,185,988
Accumulated depreciation |  |  |  |  |  |  |
At 01 May 2024 | 0 |  | 905 |  | 299,979 |  | 300,884
Charge for the financial year | 0 |  | 612 |  | 43,052 |  | 43,664
Disposals | 0 |  | 0 |  | ( 28,392) |  | ( 28,392)
At 30 April 2025 | 0 |  | 1,517 |  | 314,639 |  | 316,156
Net book value |  |  |  |  |  |  |
At 30 April 2025 | 726,914 |  | 3,466 |  | 139,452 |  | 869,832
At 30 April 2024 | 726,914 |  | 4,078 |  | 151,617 |  | 882,609

#### 4. Fixed asset investments

Investments in subsidiaries

| 2025
| £
Cost |
At 01 May 2024 | 100
At 30 April 2025 | 100
Carrying value at 30 April 2025 | 100
Carrying value at 30 April 2024 | 100

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Corporation tax | 8,542 |  | 0
Other debtors | 1,659 |  | 10,318
| 10,201 |  | 10,318

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 42,740 |  | 40,028
Taxation and social security | 0 |  | 17,295
Obligations under finance leases and hire purchase contracts | 26,283 |  | 27,539
Other creditors | 240,657 |  | 114,796
| 309,680 |  | 199,658

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 348,597 |  | 384,296
Obligations under finance leases and hire purchase contracts | 25,165 |  | 24,355
Other creditors | 100,000 |  | 145,000
| 473,762 |  | 553,651

There are no amounts included above in respect of which any security has been given by the small entity.