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Registered number: 08394990
Petworth Plant Hire Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Landsborough Accounting Services Ltd
Abbots Cottage
Abbots Way
Guildford
GU1 2XP
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 08394990
31 December 2025 31 December 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 140,630 151,551
140,630 151,551
CURRENT ASSETS
Debtors 5 30,877 10,093
Cash at bank and in hand 157,441 167,687
188,318 177,780
Creditors: Amounts Falling Due Within One Year 6 (13,642 ) (11,224 )
NET CURRENT ASSETS (LIABILITIES) 174,676 166,556
TOTAL ASSETS LESS CURRENT LIABILITIES 315,306 318,107
NET ASSETS 315,306 318,107
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 315,206 318,007
SHAREHOLDERS' FUNDS 315,306 318,107
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Shirley Cheasley
Director
21/08/2026
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Petworth Plant Hire Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08394990 . The registered office is Abbots Cottage, Abbots Way, Guildford, GU1 2XP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 18% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was:
31 December 2025 31 December 2024
Office and administration 2 2
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2025 625,374 7,688 4,097 8,315 645,474
Additions 22,500 - - - 22,500
As at 31 December 2025 647,874 7,688 4,097 8,315 667,974
Depreciation
As at 1 January 2025 476,699 7,138 4,097 5,989 493,923
Provided during the period 32,564 275 - 582 33,421
As at 31 December 2025 509,263 7,413 4,097 6,571 527,344
Net Book Value
As at 31 December 2025 138,611 275 - 1,744 140,630
As at 1 January 2025 148,675 550 - 2,326 151,551
5. Debtors
31 December 2025 31 December 2024
£ £
Due within one year
Trade debtors 30,877 10,093
6. Creditors: Amounts Falling Due Within One Year
31 December 2025 31 December 2024
£ £
Trade creditors 5,215 4,131
Corporation tax 2,115 2,663
Unpaid PAYE 2,432 1,453
VAT 1,740 892
Accruals and deferred income 1,970 1,985
Director's loan account 170 100
13,642 11,224
Page 3
Page 4
8. Share Capital
31 December 2025 31 December 2024
£ £
Allotted, Called up and fully paid 100 100
9. Dividends
31 December 2025 31 December 2024
£ £
On equity shares:
Interim dividend paid 26,000 20,500
Page 4