D. FURNELL PLANT SERVICES LIMITED


Directors	FURNELL, David James
	KIDD, Ian James
	THOLE, Zachary James


Company Secretary	THOLE, Zachary James


Registered Address	Enterprise House
	Maxted Road
	Hemel Hempstead
	HP2 7BT


Registered Number	00913164 (England and Wales)

Balance Sheet as at
30 April 2026

	Notes	2026		2025
		£	£	£	£
ASSETS
Fixed assets
Tangible assets	3		466,622		433,565
Investments	4		400,000		367,750
			866,622		801,315
Current assets
Stocks		11,664		12,151
Debtors		392,305		459,537
Cash at bank and in hand		64,159		50,683
		468,128		522,371
Prepayments and accrued income		4,222		3,802
			472,350		526,173
			1,338,972		1,327,488
CAPITAL, RESERVES AND LIABILITIES
Capital and reserves
Called up share capital			5,000		5,000
Profit and loss account			548,678		571,027
			553,678		576,027
Liabilities
Creditors amounts falling due within one year	5		524,620		476,970
Creditors amounts falling due after one year	6		143,371		149,618
Provisions for liabilities	8		(117,303)		(124,873)
			1,338,972		1,327,488

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 13 October 2026, and are signed on its behalf by:

KIDD, Ian James
Director
Registered Company No. 00913164

D. FURNELL PLANT SERVICES LIMITED

Notes to the Financial Statements
for the year ended 30 April 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

	Deferred tax
	Deferred tax is recognised on temporary differences between the accounts carrying value of assets and their tax value. For the company this mainly relates to trucks held on finance leases. Deferred tax is measured at the tax rates expected to apply when the differences reverse. Balances are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at historical cost less accumulated depreciation and impairment. Cost includes purchase price and any directly attributable costs of bringing plant, vehicles and equipment into working condition for their intended use. Depreciation is provided to allocate the cost of assets, less estimated residual value, over their useful lives. The company uses the reducing balance method, reflecting the pattern of economic use of transport assets. Residual values, useful lives and depreciation methods are reviewed annually and adjusted where appropriate. Gains and losses on disposal are recognised in profit or loss when the assets are sold or retired.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at historical cost less accumulated depreciation and impairment. Cost includes purchase price and any directly attributable costs of bringing plant, vehicles and equipment into working condition for their intended use.

Depreciation is provided to allocate the cost of assets, less estimated residual value, over their useful lives. The company uses the reducing balance method, reflecting the pattern of economic use of transport assets.

Residual values, useful lives and depreciation methods are reviewed annually and adjusted where appropriate. Gains and losses on disposal are recognised in profit or loss when the assets are sold or retired.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Finance leases and hire purchase contracts
	Assets held under hire purchase and finance lease agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss on a straight line basis.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	20		21

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Total
	£	£	£
Cost or valuation
At 01 May 25	103,301	1,421,330	1,524,631
Additions	17,745	168,184	185,929
Disposals	(10,020)	(60,610)	(70,630)
At 30 April 26	111,026	1,528,904	1,639,930
Depreciation and impairment
At 01 May 25	100,863	990,203	1,091,066
Charge for year	3,055	143,601	146,656
On disposals	(10,022)	(57,485)	(67,507)
Other adjustments	-	3,093	3,093
At 30 April 26	93,896	1,079,412	1,173,308
Net book value
At 30 April 26	17,130	449,492	466,622
At 30 April 25	2,438	431,127	433,565

4.	Fixed asset investments
	The carrying value of investments represents an advance made to Enterprise House (Hemel) Ltd. Further details of this balance are provided in the Related Party Transactions note.

	Loans to groups¹	Total
	£	£
Cost or valuation
At 01 May 25	367,750	367,750
Additions	32,250	32,250
At 30 April 26	400,000	400,000
Net book value
At 30 April 26	400,000	400,000
At 30 April 25	367,750	367,750

	Notes
	¹Loans to group undertakings and participating interests

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	137,839	100,567
Bank borrowings and overdrafts	-	76,731
Taxation and social security	235,904	146,267
Payments received on account	340	340
Finance lease and HP contracts	131,050	130,323
Other creditors	3,805	7,570
Accrued liabilities and deferred income	15,682	15,172
Total	524,620	476,970

6.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	3,102	12,500
Other creditors	140,269	137,118
Total	143,371	149,618


	Other creditors include £140,269 (2024: £119,252) representing the non-current portion of the company's obligations under finance leases.

7.	Obligations under finance leases

		2026		2025
		£		£
	Finance lease and HP contracts	271,319		267,440


	The total obligations under finance leases are set out in the table above. Of this balance, £131,050 (2025: £130,323) is repayable within one year and is therefore presented as the current portion of fifinance lease liabilities.

8.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	117,303	124,873
Total	117,303	124,873

9.	Related party transactions
	The company has transactions with related parties by virtue of common ownership and directorships: - D Furnell Plant Services Ltd is a wholly owned subsidiary of FTK Holdings Ltd. - Enterprise House (Hemel) Ltd has common ownership and control with D Furnell Plant Services Ltd. - Maxted Road Lorry Park is owned by Mr David Furnell, who is also a director of D Furnell Plant Services Ltd. During the year the company entered into the following transactions with related parties: Interest income of £14,576 (2025: £15,257) was received from Enterprise House (Hemel) Ltd in respect of a loan balance outstanding. Rent of £110,000 (2025: £110,000) was paid to Enterprise House (Hemel) Ltd in respect of the use of a commercial property. The transactions were conducted on normal commercial terms. Rent of £131,300 (2025: £113,786) was paid to Maxted Road Lorry Park in respect of a commercial property. The transactions were conducted on normal commercial terms. At the balance sheet date the company had the following balances with related parties: An outstanding loan receivable from Enterprise House (Hemel) Ltd of £400,000 (2025: £367,500). The loan is unsecured and is repayable on demand. Amounts owed by directors of £14,308 (2025: £25,489). These balances are interest free and repayable on demand.

Related party transactions

The company has transactions with related parties by virtue of common ownership and directorships:
- D Furnell Plant Services Ltd is a wholly owned subsidiary of FTK Holdings Ltd.
- Enterprise House (Hemel) Ltd has common ownership and control with D Furnell Plant Services Ltd.
- Maxted Road Lorry Park is owned by Mr David Furnell, who is also a director of D Furnell Plant
Services Ltd.

During the year the company entered into the following transactions with related parties:

Interest income of £14,576 (2025: £15,257) was received from Enterprise House (Hemel) Ltd in respect of a loan balance outstanding.

Rent of £110,000 (2025: £110,000) was paid to Enterprise House (Hemel) Ltd in respect of the use of a commercial property. The transactions were conducted on normal commercial terms.

Rent of £131,300 (2025: £113,786) was paid to Maxted Road Lorry Park in respect of a commercial property. The transactions were conducted on normal commercial terms.

At the balance sheet date the company had the following balances with related parties:

An outstanding loan receivable from Enterprise House (Hemel) Ltd of £400,000 (2025: £367,500). The loan is unsecured and is repayable on demand.

Amounts owed by directors of £14,308 (2025: £25,489). These balances are interest free and repayable
on demand.