REGISTERED NUMBER: SC231295 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

DAVID SMITH (PLANT HIRE) LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D A Smith

SECRETARY:

Mrs R M Smith

REGISTERED OFFICE:

Cairnmuir

Memsie

Fraserburgh

Aberdeenshire

AB43 7AR

REGISTERED NUMBER:

SC231295 (Scotland)

FIXED ASSETS

Intangible assets

5

49,617

11,455

Tangible assets

6

17,440,098

16,250,000

Investments

7

15,959

15,959

17,505,674

16,277,414

CURRENT ASSETS

Stocks

76,868

77,428

Debtors

8

1,038,189

1,343,013

Cash at bank

1,527,992

957,376

2,643,049

2,377,817

CREDITORS

Amounts falling due within one year

9

2,156,756

1,581,193

NET CURRENT ASSETS

486,293

796,624

TOTAL ASSETS LESS CURRENT LIABILITIES

17,991,967

17,074,038

CREDITORS

Amounts falling due after more than one year

10

(63,211

)

(566,000

)

PROVISIONS FOR LIABILITIES

(1,001,654

)

(825,757

)

NET ASSETS

16,927,102

15,682,281

CAPITAL AND RESERVES

Called up share capital

12

2

2

Retained earnings

16,927,100

15,682,279

SHAREHOLDERS' FUNDS

16,927,102

15,682,281

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 April 2026 and were signed by:

D A Smith - Director

1.	STATUTORY INFORMATION

David Smith (Plant Hire) Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

Going Concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows:

Useful lives and deprecation of fixed assets

Depreciation rates are based on the estimated useful lives of assets, which is judgement exercised by management taking into account actual experience.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses in 2010 and 2014 is being amortised evenly over its estimated useful life of five years.

Other intangible assets

Other intangible assets are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

20% reducing balance & 5% straight line

Investments in subsidiaries and associates

Investments in subsidiary and associate undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their useful lives or the term of the lease, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held in 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 current liabilities.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 17 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 May 2024

310,350

33,384

343,734

Additions

-

55,056

55,056

At 30 April 2025

310,350

88,440

398,790

AMORTISATION

At 1 May 2024

310,350

21,929

332,279

Charge for year

-

16,894

16,894

At 30 April 2025

310,350

38,823

349,173

NET BOOK VALUE

At 30 April 2025

-

49,617

49,617

At 30 April 2024

-

11,455

11,455

6.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2024

12,938,655

10,201,887

23,140,542

Additions

779,460

1,478,757

2,258,217

Disposals

-

(256,750

)

(256,750

)

At 30 April 2025

13,718,115

11,423,894

25,142,009

DEPRECIATION

At 1 May 2024

615,857

6,274,685

6,890,542

Charge for year

125,989

904,464

1,030,453

Eliminated on disposal

-

(219,084

)

(219,084

)

At 30 April 2025

741,846

6,960,065

7,701,911

NET BOOK VALUE

At 30 April 2025

12,976,269

4,463,829

17,440,098

At 30 April 2024

12,322,798

3,927,202

16,250,000

Included in cost of land and buildings is freehold land of £ 7,074,508 (2024 - £ 6,639,195 ) which is not depreciated.

Included within the net book value of £4,463,829 is £876,691 (2024 - £1,014,828) relating to assets held under hire purchase agreements. The depreciation charged to the profit and loss account in the year in respect of such assets amounted to £207,298 (2024 - £189,558).

7.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in

undertakings

associate

Totals

£

£

£

COST

At 1 May 2024

and 30 April 2025

15,958

1

15,959

NET BOOK VALUE

At 30 April 2025

15,958

1

15,959

At 30 April 2024

15,958

1

15,959

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

726,120

643,311

Amounts recoverable on contract

38,049

27,872

Other debtors

274,020

671,830

1,038,189

1,343,013

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

136,590

194,000

Hire purchase contracts

205,000

276,719

Trade creditors

399,156

149,869

Taxation and social security

277,559

82,301

Other creditors

1,138,451

878,304

2,156,756

1,581,193

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

330,289

Hire purchase contracts

63,211

235,711

63,211

566,000

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

136,590

524,289

Hire purchase contracts

268,211

512,430

404,801

1,036,719

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2