Eurofabs (Plant Hire) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03127079

EUROFABS (PLANT HIRE) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2025

EUROFABS (PLANT HIRE) LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

EUROFABS (PLANT HIRE) LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4		678,489	614,065

Current assets

Debtors	5	–	42,829
Cash at bank and in hand		4,674	5,477
		-------	--------
		4,674	48,306

Creditors: amounts falling due within one year	6	209,912		189,258
		---------		---------
Net current liabilities			205,238	140,952
			---------	---------
Total assets less current liabilities			473,251	473,113

Creditors: amounts falling due after more than one year	7		260,082	325,522

Provisions

Taxation including deferred tax	78,531	47,532
	---------	---------
Net assets	134,638	100,059
	---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	134,636	100,057
	---------	---------
Shareholders funds	134,638	100,059
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

EUROFABS (PLANT HIRE) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 11 May 2026 , and are signed on behalf of the board by:

K J Hanson
Director

Company registration number: 03127079

EUROFABS (PLANT HIRE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alex House, 260-268 Chapel Street, Salford, Manchester, M3 5JZ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'. All the members of the company have consented to the abridgement.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	10% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Tangible assets

	Plant and machinery	Total
	£	£
Cost
At 1 January 2025	1,133,406	1,133,406
Additions	132,454	132,454
	------------	------------
At 31 December 2025	1,265,860	1,265,860
	------------	------------
Depreciation
At 1 January 2025	519,341	519,341
Charge for the year	68,030	68,030
	------------	------------
At 31 December 2025	587,371	587,371
	------------	------------
Carrying amount
At 31 December 2025	678,489	678,489
	------------	------------
At 31 December 2024	614,065	614,065
	------------	------------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Plant and machinery
	£
At 31 December 2025	423,580
	---------
At 31 December 2024	330,831
	---------

5. Debtors

	2025	2024
	£	£
Trade debtors	–	13,000
Other debtors	–	29,829
	----	--------
	–	42,829
	----	--------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	57,627	59,123
Social security and other taxes	8,734	–
Other creditors	143,551	130,135
	---------	---------
	209,912	189,258
	---------	---------

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

	2025	2024
	£	£
Other creditors	260,082	325,522
	---------	---------

8. Director's advances, credits and guarantees

	2025	2024
	£	£
Director loan account	48	48
	----	----

No interest has been charged to the company in respect on this loan which is repayable on demand and classified in creditors due within one year.

9. Related party transactions

The company was under the control of K J Hanson throughout the current and previous year. K J Hanson owns the whole of the issued share capital.