REGISTERED NUMBER: 02304174 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

R. SAVAGE PLANT HIRE CO. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P Savage

J Smith

B G Savage

A E Stride

REGISTERED OFFICE:

222 St Margarets Road

Ward End

Birmingham

West Midlands

B8 2BG

REGISTERED NUMBER:

02304174 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

Black Country House

Rounds Green Road

Oldbury

West Midlands

B69 2DG

FIXED ASSETS

Tangible assets

4

1,911,053

1,654,718

CURRENT ASSETS

Stocks

20,000

23,000

Debtors

5

1,415,943

1,516,122

Cash at bank

114,894

145,514

1,550,837

1,684,636

CREDITORS

Amounts falling due within one year

6

487,693

509,950

NET CURRENT ASSETS

1,063,144

1,174,686

TOTAL ASSETS LESS CURRENT LIABILITIES

2,974,197

2,829,404

CREDITORS

Amounts falling due after more than one year

7

(246,769

)

(364,588

)

PROVISIONS FOR LIABILITIES

(467,403

)

(402,797

)

NET ASSETS

2,260,025

2,062,019

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,259,925

2,061,919

2,260,025

2,062,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 4 June 2026 and were signed on its behalf by:

J Smith - Director

1.	STATUTORY INFORMATION

The company (registered number 02304174) is a private company, limited by shares, incorporated and domiciled in England and Wales. The registered office and trading address is 222 St Margarets Road, Ward End, Birmingham, B8 2BG.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised at the point in which the service has been provided.

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.

Plant and machinery 20 - 50% straight line

Motor vehicles 20% straight line

Fixtures and fittings 50% straight line

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.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

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.

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Cost

At 1 January 2025

2,655,836

30,502

393,769

3,080,107

Additions

530,233

1,650

33,995

565,878

Disposals

(601,239

)

-

-

(601,239

)

At 31 December 2025

2,584,830

32,152

427,764

3,044,746

Depreciation

At 1 January 2025

1,278,702

27,296

119,391

1,425,389

Charge for year

168,759

1,248

26,174

196,181

Eliminated on disposal

(487,877

)

-

-

(487,877

)

At 31 December 2025

959,584

28,544

145,565

1,133,693

Net book value

At 31 December 2025

1,625,246

3,608

282,199

1,911,053

At 31 December 2024

1,377,134

3,206

274,378

1,654,718

The net book value of assets held under finance leases or hire purchase contracts, included above, are £1,276,662 (2024: £1,382,571).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

171,128

207,914

Other debtors

15,145

16,066

Amounts owed by group

undertakings

1,229,670

1,292,142

1,415,943

1,516,122

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

34,000

34,000

Hire purchase contracts

327,251

357,227

Trade creditors

43,202

63,599

Taxation and social security

75,152

47,017

Other creditors

8,088

8,107

487,693

509,950

Amounts included in Bank loans and overdrafts relate to loans taken out under the Coronavirus Business Interruption Loan Scheme (CBILS). Under the terms of the loan the first 12 months of interest payments were interest free. Interest is now charged at 2.55% over the Bank of England Base Rate.

Hire purchase contracts and finance leases are secured against the assets to which the contracts relate.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

11,333

45,333

Hire purchase contracts

235,436

319,255

246,769

364,588

Amounts included in Bank loans and overdrafts relate to loans taken out under the Coronavirus Business Interruption Loan Scheme (CBILS). Under the terms of the loan the first 12 months of interest payments were interest free. Interest is now charged at 2.55% over the Bank of England Base Rate.

Hire purchase contracts and finance leases are secured against the assets to which the contracts relate.

8.	PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.