Silverfin false false 31/05/2025 01/06/2024 31/05/2025 J C Porter 10/04/2003 L Porter 10/04/2003 03 February 2026 The principal activity of the Company during the financial year is plant hire. 04729910 2025-05-31 04729910 bus:Director1 2025-05-31 04729910 bus:Director2 2025-05-31 04729910 2024-05-31 04729910 core:CurrentFinancialInstruments 2025-05-31 04729910 core:CurrentFinancialInstruments 2024-05-31 04729910 core:Non-currentFinancialInstruments 2025-05-31 04729910 core:Non-currentFinancialInstruments 2024-05-31 04729910 core:ShareCapital 2025-05-31 04729910 core:ShareCapital 2024-05-31 04729910 core:RetainedEarningsAccumulatedLosses 2025-05-31 04729910 core:RetainedEarningsAccumulatedLosses 2024-05-31 04729910 core:LandBuildings 2024-05-31 04729910 core:PlantMachinery 2024-05-31 04729910 core:Vehicles 2024-05-31 04729910 core:ComputerEquipment 2024-05-31 04729910 core:OtherPropertyPlantEquipment 2024-05-31 04729910 core:LandBuildings 2025-05-31 04729910 core:PlantMachinery 2025-05-31 04729910 core:Vehicles 2025-05-31 04729910 core:ComputerEquipment 2025-05-31 04729910 core:OtherPropertyPlantEquipment 2025-05-31 04729910 core:CurrentFinancialInstruments core:Secured 2025-05-31 04729910 core:Non-currentFinancialInstruments core:Secured 2025-05-31 04729910 core:MoreThanFiveYears 2025-05-31 04729910 core:MoreThanFiveYears 2024-05-31 04729910 2024-06-01 2025-05-31 04729910 bus:FilletedAccounts 2024-06-01 2025-05-31 04729910 bus:SmallEntities 2024-06-01 2025-05-31 04729910 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 04729910 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 04729910 bus:Director1 2024-06-01 2025-05-31 04729910 bus:Director2 2024-06-01 2025-05-31 04729910 core:PlantMachinery 2024-06-01 2025-05-31 04729910 core:Vehicles 2024-06-01 2025-05-31 04729910 core:ComputerEquipment core:TopRangeValue 2024-06-01 2025-05-31 04729910 core:OtherPropertyPlantEquipment 2024-06-01 2025-05-31 04729910 2023-06-01 2024-05-31 04729910 core:LandBuildings 2024-06-01 2025-05-31 04729910 core:ComputerEquipment 2024-06-01 2025-05-31 04729910 core:Non-currentFinancialInstruments 2024-06-01 2025-05-31 iso4217:GBP xbrli:pure

Company No: 04729910 (England and Wales)

# JC PORTER PLANT LTD

### Unaudited Financial Statements
For the financial year ended 31 May 2025
Pages for filing with the registrar

JC PORTER PLANT LTD

## Unaudited Financial Statements

For the financial year ended 31 May 2025

Contents

JC PORTER PLANT LTD

## BALANCE SHEET

As at 31 May 2025
JC PORTER PLANT LTD

## BALANCE SHEET (continued)

As at 31 May 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 1,578,121 |  | 1,713,709
Investment property | 4 | 450,652 |  | 450,652
|  | 2,028,773 |  | 2,164,361
Current assets |  |  |  |
Stocks |  | 50,000 |  | 50,000
Debtors | 5 | 290,635 |  | 237,945
Cash at bank and in hand |  | 68,619 |  | 38,168
|  | 409,254 |  | 326,113
Creditors: amounts falling due within one year | 6 | ( 225,400) |  | ( 175,285)
Net current assets |  | 183,854 |  | 150,828
Total assets less current liabilities |  | 2,212,627 |  | 2,315,189
Creditors: amounts falling due after more than one year | 7 | ( 274,548) |  | ( 372,350)
Provision for liabilities | 8 | ( 324,790) |  | ( 360,062)
Net assets |  | 1,613,289 |  | 1,582,777
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 1,613,189 |  | 1,582,677
Total shareholders' funds |  | 1,613,289 |  | 1,582,777

For the financial year ending 31 May 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 JC Porter Plant Ltd (registered number: 04729910) were approved and authorised for issue by the Board of Directors on 03 February 2026. They were signed on its behalf by:

L Porter Director |

JC PORTER PLANT LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025
JC PORTER PLANT LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 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

JC Porter Plant Ltd (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 The Meadows, Collingsfield, Burtle, Bridgwater, TA7 8ND, 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 recognised at the fair value of the consideration received or receivable for livestock sales and provision of plant hire provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer, with any accrued income presented in other debtors on the balance sheet.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### 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. Tax is recognised in the profit and loss account, 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.
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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.
Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. 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 straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | not depreciated
Plant and machinery | 15 % reducing balance
Vehicles | 25 % reducing balance
Computer equipment | 3 years straight line
Other property, plant and equipment | 15 % 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.
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.

##### 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 Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
The Company as lessor
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.
The fair value is determined annually by the directors, on an open market value for existing use basis.

##### Stocks

Stock is the value of livestock held at the year end. It is stated at deemed cost which is a fixed percentage of the estimated selling price.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its deemed costs is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
Included within other debtors is work in progress, which includes hire of equipment and labour provided to date but not yet invoiced. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of work in progress over its estimated recoverable amount is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

##### 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.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs.

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.
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.

##### 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 other operating income over the period in which the related costs are recognised, and timing differences are presented as other debtors or deferred income within the balance sheet. 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.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 9 |  | 9

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Computer equipment |  | Other property, plant and equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |  |  |
At 01 June 2024 | 236,710 |  | 2,610,499 |  | 255,722 |  | 6,567 |  | 14,958 |  | 3,124,456
Additions | 15,201 |  | 221,260 |  | 5,450 |  | 1,917 |  | 0 |  | 243,828
Disposals | ( 1,445) |  | ( 360,098) |  | ( 49,611) |  | ( 4,041) |  | ( 1,500) |  | ( 416,695)
At 31 May 2025 | 250,466 |  | 2,471,661 |  | 211,561 |  | 4,443 |  | 13,458 |  | 2,951,589
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |
At 01 June 2024 | 0 |  | 1,180,754 |  | 212,144 |  | 5,742 |  | 12,107 |  | 1,410,747
Charge for the financial year | 0 |  | 227,873 |  | 11,008 |  | 557 |  | 428 |  | 239,866
Disposals | 0 |  | ( 222,871) |  | ( 48,864) |  | ( 4,041) |  | ( 1,369) |  | ( 277,145)
At 31 May 2025 | 0 |  | 1,185,756 |  | 174,288 |  | 2,258 |  | 11,166 |  | 1,373,468
Net book value |  |  |  |  |  |  |  |  |  |  |
At 31 May 2025 | 250,466 |  | 1,285,905 |  | 37,273 |  | 2,185 |  | 2,292 |  | 1,578,121
At 31 May 2024 | 236,710 |  | 1,429,745 |  | 43,578 |  | 825 |  | 2,851 |  | 1,713,709

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 June 2024 | 450,652
As at 31 May 2025 | 450,652

Valuation

The property was valued when purchased in August 2018 and subsequent enhancement expenditure has been incurred. The directors believe the value shown in the balance sheet is representative of the fair value at the year end.

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 239,118 |  | 201,732
Prepayments | 1,607 |  | 0
Other debtors | 49,910 |  | 36,213
| 290,635 |  | 237,945

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

| 2025 |  | 2024
| £ |  | £
Bank loans (secured £ 10,000) | 20,420 |  | 20,164
Trade creditors | 12,520 |  | 15,327
Corporation tax | 67,815 |  | 2,556
Other taxation and social security | 28,399 |  | 11,952
Obligations under finance leases and hire purchase contracts (secured) | 77,473 |  | 114,599
Other creditors | 18,773 |  | 10,687
| 225,400 |  | 175,285

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

| 2025 |  | 2024
| £ |  | £
Bank loans (secured £ 249,320) | 252,773 |  | 273,103
Obligations under finance leases and hire purchase contracts (secured) | 21,775 |  | 99,247
| 274,548 |  | 372,350

Within bank loans is a balance of £13,874 (2024 - £23,996) relating to an outstanding amount due from a Coronavirus Bounce Back Loan. The UK government have guaranteed 100% of the value of the loan.
Also within bank loans is a balance of £259,320 (2024 - £269,272) due from a business bank loan, which is secured by a fixed and floating charge over the undertaking and all property and assets of the company.
The obligations under finance leases and hire purchase contracts are secured on the underlying assets which are included within plant and machinery. The net book value of the relevant assets at the balance sheet date is £319,450 (2024 - £325,751).

Amounts repayable after more than 5 years are included in creditors falling due over one year:

| 2025 |  | 2024
| £ |  | £
Bank loans (secured / repayable by instalments) | 209,320 |  | 219,272

#### 8. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 324,790 |  | 360,062

#### 9. Related party transactions

Transactions with the entity's directors

Advances

The directors' loan account is repayable on demand and interest has been charged on any overdrawn balance exceeding £10,000 at the official HMRC rates.
At 1 June 2024 the balance owed from the directors was £nil. During the year, the company made advances to directors amounting to £5,009 and received repayments of £5,009 leaving a balance due from the directors of £nil.
There were no advances to the directors in the previous year.