Danbury Plant Hire Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08364917

Danbury Plant Hire Limited

Filleted Unaudited Financial Statements

31 March 2026

Danbury Plant Hire Limited

Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	6		1,353,563	1,541,117

Current assets

Stocks		6,000	6,000
Debtors	7	158,550	143,373
Cash at bank and in hand		2,264	22,140
		---------	---------
		166,814	171,513

Creditors: amounts falling due within one year	8	634,177		555,511
		---------		---------
Net current liabilities			467,363	383,998
			------------	------------
Total assets less current liabilities			886,200	1,157,119

Creditors: amounts falling due after more than one year	9		281,594	427,356

Provisions

Taxation including deferred tax	268,368	298,625
	---------	------------
Net assets	336,238	431,138
	---------	------------

Capital and reserves

Called up share capital	10	100	100
Revaluation reserve		397,948	397,948
Profit and loss account		( 61,810)	33,090
		---------	---------
Shareholders funds		336,238	431,138
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Danbury Plant Hire Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 7 September 2026 , and are signed on behalf of the board by:

D V King	P B King
Director	Director

Company registration number: 08364917

Danbury Plant Hire Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales, registration number 08364917 . The address of the registered office is Unit 2, British Legion Business Park, Maldon Road, Danbury, Essex, CM2 0AW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	25% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% - 20% Reducing balance
Motor vehicles	-	20% reducing balance
Office equipment	-	20% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 11 (2025: 12 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2025 and 31 March 2026	10,000
	--------
Amortisation
At 1 April 2025 and 31 March 2026	10,000
	--------
Carrying amount
At 31 March 2026	–
	--------
At 31 March 2025	–
	--------

6. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2025	540,000	1,707,375	50,988	5,280	2,303,643
Disposals	–	( 70,000)	–	–	( 70,000)
	---------	------------	--------	-------	------------
At 31 March 2026	540,000	1,637,375	50,988	5,280	2,233,643
	---------	------------	--------	-------	------------
Depreciation
At 1 April 2025	–	719,513	38,069	4,944	762,526
Charge for the year	–	143,880	2,584	251	146,715
Disposals	–	( 29,161)	–	–	( 29,161)
	---------	------------	--------	-------	------------
At 31 March 2026	–	834,232	40,653	5,195	880,080
	---------	------------	--------	-------	------------
Carrying amount
At 31 March 2026	540,000	803,143	10,335	85	1,353,563
	---------	------------	--------	-------	------------
At 31 March 2025	540,000	987,862	12,919	336	1,541,117
	---------	------------	--------	-------	------------

The freehold land was professionally valued in the year to 31 March 2023. The directors feel that the balance sheet value is materially correct at the year end.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Land and Buildings
	£
At 31 March 2026
Aggregate cost	–
Aggregate depreciation	–
	----
Carrying value	–
	----

At 31 March 2025
Aggregate cost	142,052
Aggregate depreciation	–
	---------
Carrying value	142,052
	---------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Plant and machinery
	£
At 31 March 2026	674,083
	---------
At 31 March 2025	836,027
	---------

7. Debtors

	2026	2025
	£	£
Trade debtors	154,400	132,322
Prepayments and accrued income	4,150	3,251
Other debtors	–	7,800
	---------	---------
	158,550	143,373
	---------	---------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	197,880	139,512
Payments received on account	330	552
Trade creditors	52,415	45,085
Accruals and deferred income	6,074	8,413
Social security and other taxes	24,278	–
Shares classed as financial liabilities	150,000	100,000
Obligations under finance leases and hire purchase contracts	86,988	171,133
Director loan accounts	105,658	78,373
Other taxes and social security	10,554	12,443
	---------	---------
	634,177	555,511
	---------	---------

Included above is an amount of £191,717 (2025: £129,158) which is secured by HSBC Bank PLC by way of first charge over all assets owned by the company. The preference shareholder has issued a second charge over all assets owned by the company.

HSBC Bank PLC has issued a separate charge over the Leasehold Property known as Unit 2, British Legion Business Park, Maldon Road, Danbury.

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

	2026	2025
	£	£
Bank loans and overdrafts	25,834	38,736
Shares classed as financial liabilities	200,000	250,000
Obligations under finance leases and hire purchase contracts	55,760	138,620
	---------	---------
	281,594	427,356
	---------	---------

Included above is an amount of £25,834 (2025: £32,575) which is secured by HSBC Bank PLC by way of first charge over all assets owned by the company. The preference shareholder has issued a second charge over all assets owned by the company.

HSBC Bank PLC has issued a separate charge over the Leasehold Property known as Unit 2, British Legion Business Park, Maldon Road, Danbury.

Included within creditors: amounts falling due after more than one year is an amount of £1,834 (2025: £18,736) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

10. Called up share capital

Issued, called up and fully paid

2026		2025
No.	£	No.	£

Amounts presented in equity:

Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

Amounts presented in liabilities:

5% cumulative redeemable preference shares of £ 5 each	70,000	350,000	70,000	350,000
	--------	---------	--------	---------

In September 2014 the director, D King, converted £500,000 of his loan account into 100,000 1% cumulative redeemable £5 preference shares. These shares were issued in ten tranches of 10,000 shares each. The first redemption year was 2020 and the preference shareholder shall have the right at any time after the anniversary of the date of the allotment of the preference shares falling in the year of the suffix to require the company to redeem the shares at par. No premium will be paid on redemption. In April 2024 the director, D King, converted a further £100,000 of his loan account into 20,000 1% cumulative redeemable £5 preference shares. These shares were issued in tranches of 10,000 shares each and can be redeemed annually commencing in 2030. The redeemable preference shares carry the right to dividends before ordinary shares, and also have priority on winding up of the company. The preference shares carry no voting rights.

11. Related party transactions

	Loans repaid/ (Additional loans)	Balance at 31 March Dr/(Cr)
	£	£
Directors
Year ended 31 March 2026	(27,285)	(105,658)
Year ended 31 March 2025	89,586	(78,373)