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REGISTERED NUMBER: 06194022 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

HIRELINK UK (MIDLANDS) LIMITED

HIRELINK UK (MIDLANDS) LIMITED (REGISTERED NUMBER: 06194022)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

HIRELINK UK (MIDLANDS) LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | D Green

| J Leeney

| SECRETARY: | D Green

| REGISTERED OFFICE: | 13-19 Gate Lane

| Boldmere

| Sutton Coldfield

| West Midlands

| B73 5TR

| REGISTERED NUMBER: | 06194022 (England and Wales)

| ACCOUNTANTS: | Prime

| Chartered Accountants

| 161 Newhall Street

| Birmingham

| B3 1SW

HIRELINK UK (MIDLANDS) LIMITED (REGISTERED NUMBER: 06194022)

BALANCE SHEET

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 3 | 2,240,388 |  | 1,747,094 |  |

CURRENT ASSETS

Stocks | 13,000 |  | 13,000 |  |

Debtors | 4 | 485,729 |  | 311,540 |  |

Cash at bank | 80,843 |  | 134,032 |  |

579,572 |  | 458,572 |  |

CREDITORS

Amounts falling due within one year | 5 | 776,675 |  | 581,748 |  |

NET CURRENT LIABILITIES | (197,103 | ) | (123,176 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,043,285 |  | 1,623,918 |  |

CREDITORS

Amounts falling due after more than one year | 6 | (611,989 | ) | (431,873 | ) |

PROVISIONS FOR LIABILITIES | (527,924 | ) | (406,020 | ) |

NET ASSETS | 903,372 |  | 786,025 |  |

CAPITAL AND RESERVES

Called up share capital | 10,000 |  | 10,000 |  |

Revaluation reserve | 39,988 |  | 39,988 |  |

Retained earnings | 853,384 |  | 736,037 |  |

SHAREHOLDERS' FUNDS | 903,372 |  | 786,025 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HIRELINK UK (MIDLANDS) LIMITED (REGISTERED NUMBER: 06194022)

BALANCE SHEET - continued

31 MARCH 2025

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2025 and were signed on its behalf by:

J Leeney - Director

HIRELINK UK (MIDLANDS) LIMITED (REGISTERED NUMBER: 06194022)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover represents net invoiced hiring and sales of goods, excluding value added tax. There are no long-term hire periods and hence the turnover on the hire of goods is fully recognised at the time of invoicing.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

| Plant and machinery |  | - |  |  | 15% straight line |  |

| Fixtures and fittings |  | - |  |  | 15% on reducing balance |  |

| Motor vehicles |  | - |  |  | 20% on reducing balance or 10% straight line |  |

| Leasehold property improvements are being depreciated over the lease term, which expires on 16 February 2027.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRELINK UK (MIDLANDS) LIMITED (REGISTERED NUMBER: 06194022)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

1. | ACCOUNTING POLICIES - continued

| 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 contracts are depreciated over their estimated useful lives.

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

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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.

2. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 26 (2024 - 23 ) .

3. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |

| machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 April 2024 | 3,307,482 |  | 17,152 |  | 407,326 |  | 3,731,960 |  |

| Additions | 662,324 |  | 319 |  | 179,002 |  | 841,645 |  |

| Disposals | - |  | - |  | (14,995 | ) | (14,995 | ) |

| At 31 March 2025 | 3,969,806 |  | 17,471 |  | 571,333 |  | 4,558,610 |  |

| DEPRECIATION

| At 1 April 2024 | 1,773,131 |  | 14,332 |  | 197,403 |  | 1,984,866 |  |

| Charge for year | 273,928 |  | 455 |  | 67,340 |  | 341,723 |  |

| Eliminated on disposal | - |  | - |  | (8,367 | ) | (8,367 | ) |

| At 31 March 2025 | 2,047,059 |  | 14,787 |  | 256,376 |  | 2,318,222 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,922,747 |  | 2,684 |  | 314,957 |  | 2,240,388 |  |

| At 31 March 2024 | 1,534,351 |  | 2,820 |  | 209,923 |  | 1,747,094 |  |

| Cost or valuation at 31 March 2025 is represented by:

| Fixtures |

| Plant and |  | and |  | Motor |

| machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| Valuation in 2015 | 513,426 |  | - |  | - |  | 513,426 |  |

| Cost | 3,456,380 |  | 17,471 |  | 571,333 |  | 4,045,184 |  |

3,969,806 |  | 17,471 |  | 571,333 |  | 4,558,610 |  |

HIRELINK UK (MIDLANDS) LIMITED (REGISTERED NUMBER: 06194022)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

3. | TANGIBLE FIXED ASSETS - continued

| If plant and machinery had not been revalued they would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 2,095,552 |  | 2,095,552 |  |

| Aggregate depreciation | 948,530 |  | 948,530 |  |

| Plant and machinery were valued on an open market basis on 31 March 2015 by MGR Appraisals Ltd, Chartered Surveyors. The directors have reviewed the position at 31 March 2024 and do not consider there to have been a material movement in valuations since, and hence that original valuation is still considered to be valid.

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

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 April 2024 | 1,958,966 |  | 329,873 |  | 2,288,839 |  |

| Additions | 526,370 |  | 179,002 |  | 705,372 |  |

| Disposals | - |  | (14,995 | ) | (14,995 | ) |

| At 31 March 2025 | 2,485,336 |  | 493,880 |  | 2,979,216 |  |

| DEPRECIATION

| At 1 April 2024 | 622,533 |  | 144,505 |  | 767,038 |  |

| Charge for year | 219,051 |  | 62,429 |  | 281,480 |  |

| Eliminated on disposal | - |  | (8,367 | ) | (8,367 | ) |

| At 31 March 2025 | 841,584 |  | 198,567 |  | 1,040,151 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,643,752 |  | 295,313 |  | 1,939,065 |  |

| At 31 March 2024 | 1,336,433 |  | 185,368 |  | 1,521,801 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 399,062 |  | 277,388 |  |

| Other debtors | 86,667 |  | 34,152 |  |

485,729 |  | 311,540 |  |

HIRELINK UK (MIDLANDS) LIMITED (REGISTERED NUMBER: 06194022)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

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

2025 | 2024 |

£ | £ |

| Bank loan | 10,000 |  | 10,000 |  |

| Hire purchase contracts (see note 7) | 468,257 |  | 381,174 |  |

| Trade creditors | 162,361 |  | 24,836 |  |

| Taxation and social security | 109,383 |  | 99,473 |  |

| Other creditors | 26,674 |  | 66,265 |  |

776,675 |  | 581,748 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans | 4,167 |  | 14,167 |  |

| Hire purchase contracts (see note 7) | 607,822 |  | 417,706 |  |

611,989 |  | 431,873 |  |

7. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 468,257 |  | 381,174 |  |

| Between one and five years | 607,822 |  | 417,706 |  |

1,076,079 |  | 798,880 |  |

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 45,393 |  | 52,393 |  |

| Between one and five years | 14,110 |  | 29,503 |  |

59,503 |  | 81,896 |  |

HIRELINK UK (MIDLANDS) LIMITED (REGISTERED NUMBER: 06194022)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 14,167 |  | 24,167 |  |

| Hire purchase contracts | 1,076,079 |  | 798,880 |  |

1,090,246 |  | 823,047 |  |

9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 | 2024 |

£ | £ |

| J Leeney

| Balance outstanding at start of year | 15,556 |  | 11,389 |  |

| Amounts advanced | 12,635 |  | 22,117 |  |

| Amounts repaid | (25,054 | ) | (17,950 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 3,137 |  | 15,556 |  |