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Registered number: 00869017 CLAUDE FENTON (PLANT HIRE) LIMITED DIRECTORS' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
CLAUDE FENTON (PLANT HIRE) LIMITED COMPANY INFORMATION
Directors | K M Archbold-Laming
| M R P Fenton
| P R Fenton
| A J Harper
| D McAteer
| C Rayns (appointed 1 January 2025)
Company secretary | M R P Fenton
Registered number | 00869017
Registered office | Unit 1 Kennet Weir Business Park
| Arrowhead Road
| Theale
| Reading
| Berkshire
| RG7 4AE
Independent auditors | James Cowper Kreston Audit
| Chartered Accountants and Statutory Auditor
| Apex
| Forbury Road
| Reading
| Berkshire
| RG1 1AX
CLAUDE FENTON (PLANT HIRE) LIMITED CONTENTS
| Page
Directors' Report | 1 - 2
Independent Auditors' Report | 3 - 5
Statement of Comprehensive Income | 6
Balance Sheet | 7
Notes to the Financial Statements | 8 - 18
CLAUDE FENTON (PLANT HIRE) LIMITED DIRECTORS' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 The directors present their report and the financial statements for the year ended 30 September 2025.
Directors
The directors who served during the year were: K M Archbold-Laming P R Fenton D McAteer C Rayns (appointed 1 January 2025) M R P Fenton
Directors' responsibilities statement
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to: ∙select suitable accounting policies for the Company's financial statements and then apply them consistently; ∙make judgments and accounting estimates that are reasonable and prudent; ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Disclosure of information to auditors
Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that: ∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and ∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.
Auditors
The auditors, James Cowper Kreston Audit, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006. Page 1
CLAUDE FENTON (PLANT HIRE) LIMITED DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
Small companies note
In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. This report was approved by the board and signed on its behalf.
M R P Fenton Secretary
Date: 9 March 2026
Page 2
CLAUDE FENTON (PLANT HIRE) LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CLAUDE FENTON (PLANT HIRE) LIMITED
Opinion
We have audited the financial statements of Claude Fenton (Plant Hire) Limited (the 'Company') for the year ended 30 September 2025, which comprise the Statement of Comprehensive Income, the Balance Sheet and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: ∙give a true and fair view of the state of the Company's affairs as at 30 September 2025 and of its profit for the year then ended; ∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and ∙have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the Annual Report other than the financial statements and Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Page 3
CLAUDE FENTON (PLANT HIRE) LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CLAUDE FENTON (PLANT HIRE) LIMITED (CONTINUED)
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit: ∙the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and ∙the Directors' Report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: ∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or ∙the financial statements are not in agreement with the accounting records and returns; or ∙certain disclosures of directors' remuneration specified by law are not made; or ∙we have not received all the information and explanations we require for our audit; or ∙the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Directors' Report and from the requirement to prepare a Strategic Report.
Responsibilities of directors
As explained more fully in the Directors' Responsibilities Statement set out on page 1, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.
Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. Page 4
CLAUDE FENTON (PLANT HIRE) LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CLAUDE FENTON (PLANT HIRE) LIMITED (CONTINUED) The specific procedures for this engagement that we designed and performed to detect material misstatements in respect of irregularities, including fraud, were as follows: ∙Enquiry of management and those charged with governance around actual and potential litigation and claims; ∙Enquiry of management and those charged with governance to identify any material instances of non-compliance with laws and regulations; ∙Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; ∙Performing audit work to address the risk of irregularities due to management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for evidence of bias. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
Use of report
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed. Alexander Peal BSc (Hons) FCA DChA (Senior Statutory Auditor) for and on behalf of James Cowper Kreston Audit Chartered Accountants and Statutory Auditor Apex Forbury Road Reading Berkshire RG1 1AX Date: 9 March 2026 Page 5
CLAUDE FENTON (PLANT HIRE) LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 SEPTEMBER 2025
| 2025 | 2024
Note | £ | £
Turnover |  | 5,858,627 | 6,959,872
Cost of sales |  | (4,091,923) | (4,616,224)
Gross profit |  | 1,766,704 | 2,343,648
Administrative expenses |  | (1,304,597) | (1,362,393)
Operating profit | 3 | 462,107 | 981,255
Interest receivable and similar income |  | 65,165 | 81,684
Interest payable and similar expenses | 6 | (75,880) | (87,677)
Profit before tax |  | 451,392 | 975,262
Tax on profit | 7 | 103,880 | (207,671)
Profit for the financial year |  | 555,272 | 767,591
There was no other comprehensive income for 2025 (2024:£NIL).
The notes on pages 8 to 18 form part of these financial statements.
Page 6
CLAUDE FENTON (PLANT HIRE) LIMITED REGISTERED NUMBER: 00869017 BALANCE SHEET AS AT 30 SEPTEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 9 |  | 4,282,865 |  | 4,543,122
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 10 | 1,937,861 |  | 1,809,118 |
Cash at bank and in hand | 11 | 2,096,175 |  | 2,546,211 |
|  | 4,034,036 |  | 4,355,329 |
Creditors: amounts falling due within one year | 12 | (1,408,639) |  | (1,968,269) |
Net current assets |  |  | 2,625,397 |  | 2,387,060
Total assets less current liabilities |  |  | 6,908,262 |  | 6,930,182
Creditors: amounts falling due after more than one year | 13 |  | (344,149) |  | (455,872)
Provisions for liabilities |  |  |  |  |
Deferred tax | 15 |  | (972,997) |  | (988,466)
Net assets |  |  | 5,591,116 |  | 5,485,844
Capital and reserves |  |  |  |  |
Called up share capital | 16 |  | 1,150,000 |  | 1,150,000
Profit and loss account |  |  | 4,441,116 |  | 4,335,844
|  |  | 5,591,116 |  | 5,485,844
The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
D McAteer
Director
Date: 9 March 2026
The notes on pages 8 to 18 form part of these financial statements. Page 7
CLAUDE FENTON (PLANT HIRE) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
1. | General information
Claude Fenton (Plant Hire) Limited is a private company, limited by shares, incorporated in England and Wales (registration number 0869017). The address of its registered office is Unit 1 Kennet Weir Business Park, Theale, Reading, Berkshire, RG7 4AE. The principal activity of the Company continues to be the operation of a plant hire business specialising in construction plant, hoists and powered access including the provision of training services. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Financial Reporting Standard 102 - reduced disclosure exemptions
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland": ∙the requirements of Section 7 Statement of Cash Flows; ∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d); ∙the requirements of Section 33 Related Party Disclosures paragraph 33.7. This information is included in the consolidated financial statements of Claude Fenton (Holdings) Limited as at 30 September 2025 and these financial statements may be obtained from Claude Fenton (Holdings) Limited.
| 2.3 | Turnover
Turnover represents the total amount receivable in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts. Turnover from rental fleet hire is recognised on a straight line basis over the term of the hire agreement. All other turnover is recognised following delivery of the goods or services to the customer.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 8
CLAUDE FENTON (PLANT HIRE) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.6 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
|  | Defined benefit pension plan
The parent company provides the group a defined benefit pension scheme, the assets of which are held separately from those of the company in an independently administered fund. For subsidiary companies in the group, contributions to this scheme are charged to the profit and loss account as they become payable in accordance with FRS102 Section 28 as though it was a defined contribution pension scheme. The assets and liabilities of this scheme are recognised in the parent company financial statements.
| 2.7 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Page 9
CLAUDE FENTON (PLANT HIRE) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.8 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Plant and machinery | - | 8.33% - 33% on a straight line basis
|  |  |  | Motor vehicles | - | 10% - 33% on a straight line basis
|  |  |  | Fixtures and fittings | - | 15% - 33% on a straight line basis
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.9 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.10 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.11 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.12 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss. Page 10
CLAUDE FENTON (PLANT HIRE) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.13 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Basic financial liabilities 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 the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial instruments Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Page 11
CLAUDE FENTON (PLANT HIRE) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.13 | Financial instruments (continued)
Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
| 2.14 | 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. Page 12
CLAUDE FENTON (PLANT HIRE) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
3. | Operating profit
| The operating profit is stated after charging:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Depreciation of tangible fixed assets | 930,591 | 890,199
| Profit on disposal on fixed assets | (81,953) | (119,086)
| Other operating lease rentals | 160,850 | 154,598
| Pension cost | 92,139 | 84,359
4. | Employees
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Production | 21 | 22
|  | Office and management staff | 10 | 10
|  |  | 31 | 32
5. | Directors' remuneration
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Directors' emoluments | 179,472 | 241,939
6. | Interest payable and similar expenses
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank interest payable | 878 | 3,205
| Finance leases and hire purchase contracts | 75,002 | 84,472
|  | 75,880 | 87,677
Page 13
CLAUDE FENTON (PLANT HIRE) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
7. | Taxation
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Current tax on profits for the year | - | 206,562
| Adjustments in respect of previous periods | (88,411) | -
| Total current tax | (88,411) | 206,562
| Deferred tax |  |
| Origination and reversal of timing differences | (15,469) | 1,109
| Total deferred tax | (15,469) | 1,109
| Tax on profit | (103,880) | 207,671
| Factors that may affect future tax charges
| There were no factors that may affect future tax charges
8. | Dividends
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Dividends paid | 450,000 | 450,000
Page 14
CLAUDE FENTON (PLANT HIRE) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
9. | Tangible fixed assets
|  | Plant and machinery | Motor vehicles | Fixtures and fittings | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 October 2024 | 10,626,629 | 810,930 | 8,422 | 11,445,981
| Additions | 578,461 | 117,990 | - | 696,451
| Disposals | (293,485) | (92,597) | - | (386,082)
| At 30 September 2025 | 10,911,605 | 836,323 | 8,422 | 11,756,350
| Depreciation |  |  |  |
| At 1 October 2024 | 6,400,021 | 495,297 | 7,541 | 6,902,859
| Charge for the year on owned assets | 808,843 | 121,000 | 748 | 930,591
| Disposals | (272,606) | (87,359) | - | (359,965)
| At 30 September 2025 | 6,936,258 | 528,938 | 8,289 | 7,473,485
| Net book value |  |  |  |
| At 30 September 2025 | 3,975,347 | 307,385 | 133 | 4,282,865
| At 30 September 2024 | 4,226,608 | 315,633 | 881 | 4,543,122
| Included within the net book value of £4,282,865 is £2,540,675 (2024 - £4,543,122 is £2,770,661) relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £416,220 (2024 - £339,833).
10. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 1,165,427 | 1,461,612
| Amounts owed by group undertakings | 654,663 | 308,841
| Other debtors | 117,771 | 38,665
|  | 1,937,861 | 1,809,118
11. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 2,096,175 | 2,546,211
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CLAUDE FENTON (PLANT HIRE) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
12. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 420,681 | 504,184
| Amounts owed to group undertakings | 122,606 | 127,485
| Corporation tax | - | 165,388
| Other taxation and social security | 92,932 | 94,338
| Obligations under finance lease and hire purchase contracts | 599,780 | 826,772
| Other creditors | 154,148 | 78,388
| Accruals and deferred income | 18,492 | 171,714
|  | 1,408,639 | 1,968,269
13. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Net obligations under finance leases and hire purchase contracts | 344,149 | 455,872
14. | Hire purchase and finance leases
| Minimum lease payments under hire purchase fall due as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Within one year | 599,780 | 826,772
| Between 2-5 years | 344,149 | 455,872
|  | 943,929 | 1,282,644
| Obligations under hire purchase and finance lease agreements are secured upon the assets concerned. The finance companies have the right of possession upon default.
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CLAUDE FENTON (PLANT HIRE) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
15. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (988,466)
| Charged to profit or loss | 15,469
| At end of year | (972,997)
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (972,997) | (988,466)
16. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 1,150,000 (2024 - 1,150,000) Ordinary shares of £1.00 each | 1,150,000 | 1,150,000
17. | Capital commitments
| At 30 September 2025 the Company had capital commitments as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Contracted for but not provided in these financial statements | 66,000 | -
18. | Pension commitments
The entity is part of a group defined benefit pension scheme to which it makes annual contributions. In addition, the company makes contributions to a defined contribution pension scheme. Total contributions for the year total £92,139 (2024: £83,359). The full disclosure has been included in the financial statements of Claude Fenton (Holdings) Limited. Page 17
CLAUDE FENTON (PLANT HIRE) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 19.Contingencies As at 30 September 2025 there exist contingent liabilities and guarantees in respect of the following: a) a composite unlimited guarantee and right of set off on all group bank overdrafts which amounted to £1,217,847 (2024 - £1,010,417). b) a composite guarantee and right of set off on all group bank loans which amounted to £2,100,000 (2024 - £600,000). c) a guarantee for value added tax due by all group undertakings under the group election amounting to £291,000 (2024 - £262,205). In respect of (a) and (b) above the company's bankers hold a mortgage debenture creating a specific charge over all company assets, a fixed charge over its book debts and floating charge over all other assets.
20. | Controlling party
The company is a wholly owned subsidiary of Claude Fenton (Holdings) Limited (registered number 00474108) which is regarded by the directors as the company's immediate controlling party and ultimate parent company. This company is incorporated in England and Wales and is the smallest and largest group into which the results of the company are consolidated.
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