| Balance Sheet | 3 |
| Statement of Compliance | 4 |
| Notes to the Financial Statements | 5–30 |
| 2026 £ |
2025 £ |
|
|---|---|---|
| Fixed assets | ||
| Tangible assets | ||
| Current assets | ||
| Creditors: amounts falling due within one year | ( |
( |
| Net current assets (liabilities) | ||
| Total assets less current liabilities | ||
| Creditors: amounts falling due after more than one year | ( |
( |
| Provisions for liabilities | ( |
( |
| Total net assets (liabilities) | ||
| Capital and reserves | ||
| Called up share capital | ||
| Profit and loss account | 3026608 | 2811252 |
Directors' responsibilities:
The accounts were approved by the Board of Directors and authorised for issue on 1 September 2026.
Turnover
Turnover is recognised when goods are delivered or services are provided.
Taxation
Corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Debtors
Debtors are recognised at the settlement amount due.
Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments.
Creditors
Creditors are recognised when there is an obligation at the balance sheet date as a result of a past event.
Tangible fixed assets
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Asset class Depreciation method and rate Motor vehicles 25% Written Down Value Plant, equipment and furnishings 10% Written Down Value Cranes and Hiab's 10% Written Down Value
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' and the Companies Act 2006.
The average number of employees during the year was: 14
| Category | Cost b/f £ |
Additions £ |
Disposals £ |
Cost c/f £ |
Dep b/f £ |
Charge £ |
On disp. £ |
Dep c/f £ |
NBV £ |
|---|---|---|---|---|---|---|---|---|---|
| Plant & Machinery | 3,247,662 | 1,074,000 | 233,190 | 4,088,472 | 820,375 | 291,571 | 143,600 | 968,346 | 3,120,126 |
| Motor Vehicles | 116,376 | 15,780 | 19,200 | 112,956 | 69,124 | 15,237 | 18,429 | 65,932 | 47,024 |
| Fixtures & Fittings | 108,995 | 16,958 | 3,650 | 122,303 | 38,852 | 7,633 | 271 | 46,214 | 76,089 |
| Other | 493,227 | 0 | 0 | 493,227 | 0 | 0 | 0 | 0 | 493,227 |
| Total | 3,966,260 | 1,106,738 | 256,040 | 4,816,958 | 928,351 | 314,441 | 162,300 | 1,080,492 | 3,736,466 |
| Description | Current Year £ |
Previous Year £ |
|---|---|---|
| Trade debtors | 460,666 | 894,165 |
| Amounts owed by group undertakings | 0 | 0 |
| Prepayments and accrued income | 57,521 | 58,437 |
| Other debtors | 0 | 7,984 |
| Total | 518,187 | 960,586 |
Creditors: amounts falling due within one year
| Description | Current Year £ |
Previous Year £ |
|---|---|---|
| Trade creditors | 62,190 | 74,814 |
| Amounts owed to group undertakings | 0 | 0 |
| Corporation tax | 8,610 | 54,882 |
| Other taxes and social security | 28,796 | 192,339 |
| Accruals and deferred income | 19,699 | 8,673 |
| Other creditors | 341,354 | 273,899 |
| Total | 460,649 | 604,607 |
Creditors: amounts falling due after more than one year
| Description | Current Year £ |
Previous Year £ |
|---|---|---|
| Bank loans | 0 | 5,499 |
| Other creditors | 927,901 | 740,301 |
| Total | 927,901 | 745,800 |
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements have been prepared on a going concern basis.
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Foreign currency transactions and balances
Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the less
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
The average number of persons employed by the company (including directors) during the year, was 14 (2025 - 14).
Interim dividend of £350.00 (2025 - £237.50) per each "A" Ordinary shares
Interim dividend of £350.00 (2025 - £275.00) per each "B" Ordinary shares
Interim dividend of £240.00 (2025 - £240.00) per each "C" Ordinary shares
| DescriptionAllotted, called up and fully paid shares | Current Year |
|---|---|
| Ordinary shares of £1 each | 100 |
| — |
Bank borrowings
Covid bounce bank loan is denominated in £ with a nominal interest rate of 2.50%, and the final instalment is due on 30 November 2026. The carrying amount at year end is £5,246 (2025 - £15,581).
Loans and borrowings
Hire purchase contracts is denominated in £ with a nominal interest rate of %. The carrying amount at year end is £1,259,643 (2025 - £985,181).
Secured on the relevant plant attached to the borrowings
| Loans and borrowings £ |
Current Year £ |
|---|---|
| Bank borrowing | 5,246 |
| Current Hire purchase contracts | 331,742 |
| Directors loans | 2,711 |
| Non-current Hire purchase contracts | 927,901 |
| Total | 1,267,600 |