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REGISTERED NUMBER: SC201236 (Scotland)

Financial Statements For The Period 1 January 2024 to 31 July 2024

for

Bridgend Hire Limited

| Bridgend Hire Limited (Registered number: SC201236) |

Contents of the Financial Statements

For The Period 1 January 2024 to 31 July 2024

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| Bridgend Hire Limited |

Company Information

For The Period 1 January 2024 to 31 July 2024

| DIRECTORS: | L Aitchison

| D F Mellish

| REGISTERED OFFICE: | Crosshill Blackbryes Road

| Barrhead

| Glasgow

| G78 1TG

| REGISTERED NUMBER: | SC201236 (Scotland)

| INDEPENDENT AUDITORS: | Robb Ferguson

| Chartered Accountants & Statutory Auditors

| Regent Court

| 70 West Regent Street

| Glasgow

| G2 2QZ

| Bridgend Hire Limited (Registered number: SC201236) |

Statement of Financial Position

31 July 2024

| 2024 | 2023 |

| as restated |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 577,737 |  | 736,860 |  |

CURRENT ASSETS

Debtors | 5 | 418,423 |  | 563,290 |  |

Cash at bank | 34,621 |  | 152,169 |  |

453,044 |  | 715,459 |  |

CREDITORS

Amounts falling due within one year | 6 | 365,100 |  | 490,996 |  |

NET CURRENT ASSETS | 87,944 |  | 224,463 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 665,681 |  | 961,323 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (388,437 | ) | (494,855 | ) |

PROVISIONS FOR LIABILITIES | (53,444 | ) | (81,631 | ) |

NET ASSETS | 223,800 |  | 384,837 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 223,700 |  | 384,737 |  |

223,800 |  | 384,837 |  |

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2025 and were signed on its behalf by:

L Aitchison - Director

| Bridgend Hire Limited (Registered number: SC201236) |

Notes to the Financial Statements

For The Period 1 January 2024 to 31 July 2024

1. | STATUTORY INFORMATION

| Bridgend Hire Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

| Turnover represents the invoiced value of services provided during the period, excluding value added tax. The company's policy is to recognise a sale when all the risks and rewards in connection with the services have been passed to the customer.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Improvements to property | - | 5% on cost

| Fixed plant and equipment | - | 20% on cost

| Motor vehicles | - | 50% on cost and 50% on reducing balance

| Financial instruments

| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and loans to and from related parties.

| Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.

| Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss.

| Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

| Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

| Bridgend Hire Limited (Registered number: SC201236) |

Notes to the Financial Statements - continued

For The Period 1 January 2024 to 31 July 2024

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation represents the sum of tax currently payable and deferred tax. 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.

| The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

| With the exception of changes arising on the initial recognition of a business combination, the tax expense is presented either in profit or loss, other comprehensive income or statement of changes in equity depending on the transaction that resulted in the tax expense.

| Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit and loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases where substantially all the benefits and risks of ownership remain with the lessor, are charged to the profit and loss account on a straight line basis.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Impairment of non-financial assets

| At each reporting date non-financial assets not carried at fair value, like plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount which is the higher of value in use and the fair value less cost to sell, is estimated and compared with the carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit and loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases where substantially all the benefits and risks of ownership remain with the lessor, are charged to the profit and loss account on a straight line basis.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 6 (2023 - 21 ) .

| Bridgend Hire Limited (Registered number: SC201236) |

Notes to the Financial Statements - continued

For The Period 1 January 2024 to 31 July 2024

4. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixed |

| to |  | plant and |  | Motor |

| property |  | equipment |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2024 | 70,627 |  | 1,986,620 |  | 261,563 |  | 2,318,810 |  |

| Disposals | - |  | (117,575 | ) | - |  | (117,575 | ) |

| At 31 July 2024 | 70,627 |  | 1,869,045 |  | 261,563 |  | 2,201,235 |  |

| DEPRECIATION

| At 1 January 2024 | 24,167 |  | 1,385,510 |  | 172,273 |  | 1,581,950 |  |

| Charge for period | 8,241 |  | 98,664 |  | 52,218 |  | 159,123 |  |

| Eliminated on disposal | - |  | (117,575 | ) | - |  | (117,575 | ) |

| At 31 July 2024 | 32,408 |  | 1,366,599 |  | 224,491 |  | 1,623,498 |  |

| NET BOOK VALUE

| At 31 July 2024 | 38,219 |  | 502,446 |  | 37,072 |  | 577,737 |  |

| At 31 December 2023 | 46,460 |  | 601,110 |  | 89,290 |  | 736,860 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Fixed |

| plant and |  | Motor |

| equipment |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024 | 943,696 |  | 177,950 |  | 1,121,646 |  |

| Disposals | (117,575 | ) | - |  | (117,575 | ) |

| At 31 July 2024 | 826,121 |  | 177,950 |  | 1,004,071 |  |

| DEPRECIATION

| At 1 January 2024 | 939,946 |  | 88,975 |  | 1,028,921 |  |

| Charge for period | 3,750 |  | 51,902 |  | 55,652 |  |

| Eliminated on disposal | (117,575 | ) | - |  | (117,575 | ) |

| At 31 July 2024 | 826,121 |  | 140,877 |  | 966,998 |  |

| NET BOOK VALUE

| At 31 July 2024 | - |  | 37,073 |  | 37,073 |  |

| At 31 December 2023 | 3,750 |  | 88,975 |  | 92,725 |  |

| Bridgend Hire Limited (Registered number: SC201236) |

Notes to the Financial Statements - continued

For The Period 1 January 2024 to 31 July 2024

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

| as restated |

£ | £ |

| Trade debtors | 56,144 |  | 458,740 |  |

| Amounts owed by group undertakings | 149,578 |  | - |  |

| VAT | 134,701 |  | 103,167 |  |

| Prepayments and accrued income | 78,000 |  | 1,383 |  |

418,423 |  | 563,290 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

| as restated |

£ | £ |

| Hire purchase contracts | 229,123 |  | 297,593 |  |

| Trade creditors | 25,181 |  | 123,231 |  |

| Social security and other taxes | 4,901 |  | 21,227 |  |

| Other creditors | 905 |  | 2,978 |  |

| Directors' current accounts | 35,640 |  | 35,640 |  |

| Accruals and deferred income | 69,350 |  | 10,327 |  |

365,100 |  | 490,996 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

| as restated |

£ | £ |

| Hire purchase contracts | 388,437 |  | 494,855 |  |

8. | SECURED DEBTS

| Hire purchase obligations are secured over the assets that they relate to.

9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was qualified on the following basis:

| Basis for Qualified opinion

| We have not been able to obtain sufficient appropriate audit evidence in respect of the completeness of the opening balances, which were not previously audited. Consequently, we are unable to determine the accuracy of the opening balances and if this has a material or pervasive effect on the current year financial statements.

| We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

| Graham Cantlay CA (Senior Statutory Auditor)

| for and on behalf of Robb Ferguson

| Bridgend Hire Limited (Registered number: SC201236) |

Notes to the Financial Statements - continued

For The Period 1 January 2024 to 31 July 2024

10. | RELATED PARTY DISCLOSURES

| At the balance sheet date the company owed £35,640 (2023 - £35,640) to a director. This amount is included in creditors and is unsecured, interest free and has no fixed repayment terms.

11. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

| In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.