Company No: 08662460 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	1,203,450		1,137,036
		1,203,450		1,137,036
Current assets
Stocks		41,644		318,405
Debtors	4	179,529		145,574
Cash at bank and in hand		59,963		48,108
		281,136		512,087
Creditors: amounts falling due within one year	5	( 892,286)		( 851,759)
Net current liabilities		(611,150)		(339,672)
Total assets less current liabilities		592,300		797,364
Creditors: amounts falling due after more than one year	6	( 501,864)		( 617,374)
Provision for liabilities		( 53,059)		( 70,224)
Net assets		37,377		109,766
Capital and reserves
Called-up share capital		100		100
Profit and loss account		37,277		109,666
Total shareholders' funds		37,377		109,766

For the financial year ending 31 August 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 Courtney King Plant Hire Limited (registered number: 08662460) were approved and authorised for issue by the Board of Directors on 28 May 2026. They were signed on its behalf by:

H King Director

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

Courtney King 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 Unit 18 Tescan Wilson Way, Redruth, TR15 3RX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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.

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 average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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 straight-line and reducing balance basis over its expected useful life, as follows:

Leasehold improvements	5 years straight line
Plant and machinery	10 - 15 % reducing balance
	20 years straight line
Vehicles	5 years straight line
Fixtures and fittings	15 % reducing balance
Computer equipment	3 years straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	18		28

3. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£		£
Cost
At 01 September 2024	1,512		1,294,247		119,857		6,609		4,405		1,426,630
Additions	0		287,510		0		0		1,403		288,913
Disposals	0		( 107,000)		( 2,917)		0		0		( 109,917)
At 31 August 2025	1,512		1,474,757		116,940		6,609		5,808		1,605,626
Accumulated depreciation
At 01 September 2024	1,512		237,155		44,499		4,433		1,995		289,594
Charge for the financial year	0		128,454		22,354		326		1,453		152,587
Disposals	0		( 38,936)		( 1,069)		0		0		( 40,005)
At 31 August 2025	1,512		326,673		65,784		4,759		3,448		402,176
Net book value
At 31 August 2025	0		1,148,084		51,156		1,850		2,360		1,203,450
At 31 August 2024	0		1,057,092		75,358		2,176		2,410		1,137,036

4. Debtors

	2025		2024
	£		£
Trade debtors	168,796		110,332
Other debtors	10,733		35,242
	179,529		145,574

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	2,850		3,800
Trade creditors	136,803		362,235
CIS withheld	3,204		0
Other taxation and social security	220,747		213,745
Obligations under finance leases and hire purchase contracts	258,889		184,645
Other creditors	269,793		87,334
	892,286		851,759

The hire purchase liabilities are secured on the assets to which they relate.
Included within other creditors is a balance of £152,268 (2024: £23,316) which is secured by way of a fixed and floating charge.

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

	2025		2024
	£		£
Bank loans	0		2,849
Obligations under finance leases and hire purchase contracts	501,864		561,907
Other creditors	0		52,618
	501,864		617,374

The hire purchase liabilities are secured on the assets to which they relate.

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	11,985		11,985
between one and five years	12,984		24,969
Total future minimum lease payments under non-cancellable operating leases	24,969		36,954

8. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Mr C and Mrs H King - 2.25% interest	9,534		35,243

During the year, the directors introduced funds amounting to £57,462 (2024 £13,092 ), withdrew funds totalling £31,168 (2024 £60,328 ) and interest was charged on the loaned amount of £585 (2024 £259)

Guarantees

A guarantee was made on behalf of the company by the directors, the term of the guarantee is a five year hire purchase agreement. The total maximum liability to be incurred under the guarantee is £38,500.

A guarantee was made on behalf of the company by the directors, the term of the guarantee is a four year hire agreement. The total maximum liability to be incurred under the guarantee is £47,942.

The total maximum liability to be incurred under guarantees is £86,442.