Company No: 04012806 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Financial Statements

DIRECTOR

J Singleton

SECRETARY

Ms K M Dunn

REGISTERED OFFICE	14 Henley Business Park Pirbright Road
	Normandy
	Guildford
	GU3 2DX
	United Kingdom

COMPANY NUMBER

04012806 (England and Wales)

ACCOUNTANT	Gravita II LLP
	Aldgate Tower
	2 Leman Street
	London
	E1 8FA
	United Kingdom

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	1,539,964		1,731,470
		1,539,964		1,731,470
Current assets
Debtors	4	367,305		151,715
Cash at bank and in hand		15,725		4,825
		383,030		156,540
Creditors: amounts falling due within one year	5	( 267,198)		( 175,596)
Net current assets/(liabilities)		115,832		(19,056)
Total assets less current liabilities		1,655,796		1,712,414
Creditors: amounts falling due after more than one year	6	( 172,750)		( 290,789)
Provision for liabilities		( 384,992)		( 382,535)
Net assets		1,098,054		1,039,090
Capital and reserves
Called-up share capital	7	65		65
Revaluation reserve		42,044		195,472
Capital redemption reserve		35		35
Profit and loss account		1,055,910		843,518
Total shareholder's funds		1,098,054		1,039,090

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Technical Mains Hire Limited (registered number: 04012806) were approved and authorised for issue by the Director on 21 August 2025. They were signed on its behalf by:

J Singleton Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Technical Mains Hire Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 14 Henley Business Park Pirbright Road, Normandy, Guildford, GU3 2DX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Comprehensive Income in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is measured as the fair value of the consideration received or receivable for the hire of technical service equipment net of trade discounts.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	10 - 0 years straight line
Vehicles	10 - 0 years straight line
Fixtures and fittings	10 - 0 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Comprehensive Income over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Impairment of assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 January 2024	3,135,520		138,107		25,126		3,298,753
Additions	214,881		0		0		214,881
Disposals	( 167,269)		0		0		( 167,269)
At 31 December 2024	3,183,132		138,107		25,126		3,346,365
Accumulated depreciation
At 01 January 2024	1,499,755		42,402		25,126		1,567,283
Charge for the financial year	242,078		13,811		0		255,889
Disposals	( 16,771)		0		0		( 16,771)
At 31 December 2024	1,725,062		56,213		25,126		1,806,401
Net book value
At 31 December 2024	1,458,070		81,894		0		1,539,964
At 31 December 2023	1,635,765		95,705		0		1,731,470

The carrying amount of the plant and machinery has been arrived at on the basis of a valuation carried out at 31 December 2024 by the director of the company. As there is no reliable open market value the valuation is based on the depreciated replacement cost of all items classed as plant and machinery. Plant and machinery includes a total revaluation of £428,583. The historical cost of plant & machinery is £2,892,656 (2023: £2,845,043) The net book value of tangible fixed assets includes £106,732 (2023: £128,812) in respect of assets held under finance leases or hire purchase contracts. The depreciation charge in respect of such assets amounted to £22,080 (2023: £22,483) for the year.

4. Debtors

	2024		2023
	£		£
Amounts owed by Group undertakings	0		148,895
Other debtors	367,305		2,820
	367,305		151,715

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Amounts owed to Group undertakings	58,023		0
Obligations under finance leases and hire purchase contracts	205,361		171,626
Other creditors	3,814		3,970
	267,198		175,596

On 8 February 2023, National Westminster Bank PLC registered a fixed and floating charge over the assets of the company.

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

	2024		2023
	£		£
Bank loans	6,259		10,307
Obligations under finance leases and hire purchase contracts	166,491		280,482
	172,750		290,789

7. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
65 Ordinary shares of £ 1.00 each	65		65

8. Related party transactions

Other related party transactions

	2024		2023
	£		£
Amount due to related parties	58,022		0
Amout due from related parties	0		148,895