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Company Registration No. 05405231 (England and Wales)
A B S Plant Hire LIMITED Unaudited accounts for the year ended 31 March 2026
A B S Plant Hire LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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A B S Plant Hire LIMITED Company Information for the year ended 31 March 2026
Directors
Mrs Lynda Aitken Mr Stephen Paul Aitken
Company Number
05405231 (England and Wales)
Registered Office
GREEN ACRES THE GREEN GOOSEY FARINGDON OXFORDSHIRE SN7 8PA
Accountants
J JENKIN & ASSOCIATES LIMITED POST OFFICE VAULTS 4 MARKET PLACE WANTAGE OXFORDSHIRE OX12 8AT
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A B S Plant Hire LIMITED Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
31,623
41,149
Current assets
Inventories
-
39,140
Debtors
5
20,000
11,345
Cash at bank and in hand
163,756
203,060
183,756
253,545
Creditors: amounts falling due within one year
6
(2,012)
(11,065)
Net current assets
181,744
242,480
Total assets less current liabilities
213,367
283,629
Provisions for liabilities
Deferred tax
(6,008)
-
Net assets
207,359
283,629
Capital and reserves
Called up share capital
100
100
Profit and loss account
207,259
283,529
Shareholders' funds
207,359
283,629
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2026 and were signed on its behalf by
Mr Stephen Paul Aitken Director Company Registration No. 05405231
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A B S Plant Hire LIMITED Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
A B S Plant Hire LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05405231. The registered office is GREEN ACRES THE GREEN, GOOSEY, FARINGDON, OXFORDSHIRE, SN7 8PA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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A B S Plant Hire LIMITED Notes to the Accounts for the year ended 31 March 2026
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2025
54,862
165,253
220,115
At 31 March 2026
54,862
165,253
220,115
Depreciation
At 1 April 2025
44,105
134,861
178,966
Charge for the year
1,928
7,598
9,526
At 31 March 2026
46,033
142,459
188,492
Net book value
At 31 March 2026
8,829
22,794
31,623
At 31 March 2025
10,757
30,392
41,149
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
-
3,384
Amounts due from group undertakings etc.
20,000
-
Deferred tax asset
-
7,961
20,000
11,345
6
Creditors: amounts falling due within one year
2026
2025
£
£
VAT
-
4,170
Trade creditors
-
18,344
Taxes and social security
(13)
(14,017)
Other creditors
-
543
Accruals
2,025
2,025
2,012
11,065
7
Average number of employees
During the year the average number of employees was 2 (2025: 6).
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