REGISTERED NUMBER: 01056494 (England and Wales)

COPPARD PLANT HIRE LIMITED

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Consolidated Income Statement

9

Consolidated Other Comprehensive Income

10

Consolidated Balance Sheet

11

Company Balance Sheet

12

Consolidated Statement of Changes in Equity

13

Company Statement of Changes in Equity

14

Consolidated Cash Flow Statement

15

Notes to the Consolidated Cash Flow Statement

16

Notes to the Consolidated Financial Statements

18

DIRECTORS:

D B Coppard

B E Coppard

J T Coppard

K F Coppard

L T Etherington

Q Coppard

REGISTERED OFFICE:

Wraysbury

Crowborough Hill

Crowborough

East Sussex

TN6 2JE

REGISTERED NUMBER:

01056494 (England and Wales)

AUDITORS:

Lakeview Southern Audit Limited

Chartered Accountants and

Statutory Auditors

2 Lakeview Stables

Lower St. Clere

Kemsing

Sevenoaks

Kent

TN15 6NL

The directors present their strategic report of the company and the group for the year ended 30 June 2025.

REVIEW OF BUSINESS

Coppard Plant Hire Ltd continues to develop as a sustainable, high achieving plant hire company and group.

The group has had another successful year with continued investment increasing its large portfolio of plant hire equipment. The reinvestment has helped achieve balance sheet growth and whilst the cash balance has reduced, the cash position remains strong. The group is well placed to continue its growth and profitability by strengthening its brand and market reputation within the South East with both its corporate and private customers.

Our KPIs and objectives were achieved or exceeded and were as follows:

- We have continued to ensure that our client portfolio is diverse and turnover has increased to £25.3m from £24.3m.

- We aim to hold an increase in working capital and this year it has increased by £1.7m from £6.6m to £8.3m, which enables us to invest in new equipment in the market as it becomes available and help us to meet client demand.

- Increase in balance sheet value by over £1m from £26.1m to £27.3m.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors monitor risks and uncertainties likely to affect the group on an ongoing basis.

Financial Instruments and Risk Management

The group's cash position remains strong which helps allow reinvestment in new equipment for hire. The directors do not believe there is any substantial risk in relation to price or credit risk. The company's cash position remains strong with over £4.7m held and this, coupled with the healthy balance sheet value, minimises the risk of liquidity and cash flow challenges.

Economic Uncertainties

We recognise that the UK government's fiscal position remains unstable, with mounting pressure to reduce public spending and increase revenue. This creates unpredictability and directly affects construction demand and long-term project planning. The rise in employer national insurance contributions coupled with a lower threshold has significantly increased labour costs, greatly impacting the construction sector which relies on skilled and semi-skilled labour. Given the cash position we do not anticipate that this will cause the group any significant issues.

Other Risks

At the present time, the directors consider the principal risk to the group to be in relation to cyber-attacks and are aware that there is an inherent risk in this area which is difficult to mitigate fully. However, the group continues to invest in protective technology to mitigate this risk as far as possible. The group maintains a strong ethos of monitoring and awareness within departments which could be susceptible to such attacks.

FUTURE DEVELOPMENTS

The group intends to maintain it's policy of investment in assets for hire in order to maintain and enhance it's position within the market. This will assist in the group's objective of continued year on year growth and in addition the investment in replacement vehicles will be necessary as the economic policy in the UK continues to extend areas where only low emission vehicles can visit. In addition, the group will continue to explore the possibility to acquire further freehold land and buildings for redevelopment as the opportunities arise.

The group intends to continue developing and updating the bespoke software used within the business and this is expected to continue to create savings and efficiencies within the business.

ON BEHALF OF THE BOARD:

D B Coppard - Director

5 January 2026

The directors present their report with the financial statements of the company and the group for the year ended 30 June 2025.

PRINCIPAL ACTIVITIES

The principal activities of the group in the year under review were those of the sale and hire of plant and machinery.

DIVIDENDS

Interim dividends of £4.90 per B Ordinary share were paid during the year. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 30th June 2025 was £240,000.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 July 2024 to the date of this report.

D B Coppard

B E Coppard

J T Coppard

K F Coppard

L T Etherington

Q Coppard

Other changes in directors holding office are as follows:

A L Coppard - resigned 4 March 2025

DONATIONS AND EXPENDITURE

Donations of £9,678 were made to various charities.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Lakeview Southern Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

D B Coppard - Director

5 January 2026

Opinion

We have audited the financial statements of Coppard Plant Hire Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 June 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 30 June 2025 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

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 group 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 opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We considered the central laws and regulations to the entity and identified those being of significance. We undertook an enquiry of management and those charged with governance to evaluate those of significance and any instances of non-compliance.

Through discussion and, where appropriate, written representation we obtained an understanding of the entity's policies and procedures in relation to fraud risks, including knowledge of any actual, suspected or alleged fraud.

The Senior Statutory Auditor has assessed that the engagement team collectively have the appropriate competence and capabilities to identify or recognise non-compliance with laws and regulations within the areas that they are responsible for testing.

Where necessary, documentation scrutiny was used to determine the significance of any instances with non-compliance of central laws and regulations and reviewed disclosures made in the financial statements to ensure these were appropriately made. We also reviewed the journals processed by the finance team and reviewed all transactions outside the normal course of the entity's business.

We communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Irregularities that result from fraud are inherently more difficult to detect from irregularities that result from error.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Adrian Hull (Senior Statutory Auditor)

for and on behalf of Lakeview Southern Audit Limited

Chartered Accountants and

Statutory Auditors

2 Lakeview Stables

Lower St. Clere

Kemsing

Sevenoaks

Kent

TN15 6NL

12 January 2026

TURNOVER

3

25,328,106

24,341,323

Cost of sales

19,955,571

19,401,497

GROSS PROFIT

5,372,535

4,939,826

Administrative expenses

3,576,650

3,717,302

1,795,885

1,222,524

Other operating income

145,620

137,199

OPERATING PROFIT

5

1,941,505

1,359,723

Interest receivable and similar income

163,201

77,852

2,104,706

1,437,575

Interest payable and similar expenses

7

31,120

105,403

PROFIT BEFORE TAXATION

2,073,586

1,332,172

Tax on profit

8

716,608

134,291

PROFIT FOR THE FINANCIAL YEAR

1,356,978

1,197,881

Profit attributable to:

Owners of the parent

1,356,978

1,197,881

PROFIT FOR THE YEAR

1,356,978

1,197,881

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,356,978

1,197,881

Total comprehensive income attributable to:

Owners of the parent

1,356,978

1,197,881

FIXED ASSETS

Intangible assets

12

1,025,367

1,536,649

Tangible assets

13

18,531,679

18,983,147

Investments

14

-

-

Investment property

15

289,000

289,000

19,846,046

20,808,796

CURRENT ASSETS

Stocks

16

3,521,569

1,549,748

Debtors

17

3,111,707

3,253,666

Cash at bank and in hand

4,764,443

5,090,956

11,397,719

9,894,370

CREDITORS

Amounts falling due within one year

18

3,054,800

3,233,256

NET CURRENT ASSETS

8,342,919

6,661,114

TOTAL ASSETS LESS CURRENT LIABILITIES

28,188,965

27,469,910

CREDITORS

Amounts falling due after more than one year

19

-

(480,489

)

PROVISIONS FOR LIABILITIES

23

(1,406,651

)

(1,324,085

)

NET ASSETS

26,782,314

25,665,336

CAPITAL AND RESERVES

Called up share capital

24

100,000

100,000

Retained earnings

25

26,682,314

25,565,336

SHAREHOLDERS' FUNDS

26,782,314

25,665,336

The financial statements were approved by the Board of Directors and authorised for issue on 5 January 2026 and were signed on its behalf by:

D B Coppard - Director

FIXED ASSETS

Intangible assets

12

29,867

43,400

Tangible assets

13

21,024,397

21,333,003

Investments

14

602

602

Investment property

15

289,000

289,000

21,343,866

21,666,005

CURRENT ASSETS

Stocks

16

3,521,569

1,549,748

Debtors

17

3,111,707

3,253,666

Cash at bank and in hand

4,764,443

5,090,956

11,397,719

9,894,370

CREDITORS

Amounts falling due within one year

18

3,054,900

3,233,356

NET CURRENT ASSETS

8,342,819

6,661,014

TOTAL ASSETS LESS CURRENT LIABILITIES

29,686,685

28,327,019

CREDITORS

Amounts falling due after more than one year

19

-

(480,489

)

PROVISIONS FOR LIABILITIES

23

(1,406,651

)

(1,324,085

)

NET ASSETS

28,280,034

26,522,445

CAPITAL AND RESERVES

Called up share capital

24

100,000

100,000

Retained earnings

25

28,180,034

26,422,445

SHAREHOLDERS' FUNDS

28,280,034

26,522,445

Company's profit for the financial year

1,997,589

1,888,216

The financial statements were approved by the Board of Directors and authorised for issue on 5 January 2026 and were signed on its behalf by:

D B Coppard - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 July 2023

100,000

24,607,455

24,707,455

Changes in equity

Dividends

-

(240,000

)

(240,000

)

Total comprehensive income

-

1,197,881

1,197,881

Balance at 30 June 2024

100,000

25,565,336

25,665,336

Changes in equity

Dividends

-

(240,000

)

(240,000

)

Total comprehensive income

-

1,356,978

1,356,978

Balance at 30 June 2025

100,000

26,682,314

26,782,314

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 July 2023

100,000

24,774,229

24,874,229

Changes in equity

Dividends

-

(240,000

)

(240,000

)

Total comprehensive income

-

1,888,216

1,888,216

Balance at 30 June 2024

100,000

26,422,445

26,522,445

Changes in equity

Dividends

-

(240,000

)

(240,000

)

Total comprehensive income

-

1,997,589

1,997,589

Balance at 30 June 2025

100,000

28,180,034

28,280,034

Cash flows from operating activities

Cash generated from operations

1

3,954,922

6,250,065

Interest paid

(31,120

)

(105,403

)

Tax paid

(499,297

)

(490,000

)

Interest received

1,866

-

Net cash from operating activities

3,426,371

5,654,662

Cash flows from investing activities

Purchase of intangible fixed assets

-

(1,000

)

Purchase of tangible fixed assets

(3,690,841

)

(3,768,540

)

Sale of tangible fixed assets

834,521

1,517,914

Interest received

155,731

77,852

Net cash from investing activities

(2,700,589

)

(2,173,774

)

Cash flows from financing activities

Loan repayments in year

(772,295

)

(1,627,988

)

Reclassification of director's loan

(40,000

)

-

Equity dividends paid

(240,000

)

(240,000

)

Net cash from financing activities

(1,052,295

)

(1,867,988

)

(Decrease)/increase in cash and cash equivalents

(326,513

)

1,612,900

Cash and cash equivalents at beginning of year

2

5,090,956

3,478,056

Cash and cash equivalents at end of year

2

4,764,443

5,090,956

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

30.6.25

30.6.24

as restated

£

£

Profit before taxation

2,073,586

1,332,172

Depreciation charges

4,374,465

4,634,446

Profit on disposal of fixed assets

(555,392

)

(717,006

)

Finance costs

31,120

105,403

Finance income

(163,201

)

(77,852

)

5,760,578

5,277,163

(Increase)/decrease in stocks

(1,971,821

)

516,316

Decrease in trade and other debtors

141,959

726,190

Increase/(decrease) in trade and other creditors

24,206

(269,604

)

Cash generated from operations

3,954,922

6,250,065

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 June 2025

30.6.25

1.7.24

£

£

Cash and cash equivalents

4,764,443

5,090,956

Year ended 30 June 2024

30.6.24

1.7.23

as restated

£

£

Cash and cash equivalents

5,090,956

3,478,056

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.7.24

Cash flow

At 30.6.25

£

£

£

Net cash

Cash at bank and in hand

5,090,956

(326,513

)

4,764,443

5,090,956

(326,513

)

4,764,443

Debt

Debts falling due within 1 year

(291,803

)

291,803

-

Debts falling due after 1 year

(480,489

)

480,489

-

(772,292

)

772,292

-

Total

4,318,664

445,779

4,764,443

1.	STATUTORY INFORMATION

Coppard Plant Hire Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the General Information page.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Basis of consolidation

The consolidated financial statements incorporate those of Coppard Plant Hire Limited and it's subsidiary. Both financial statements are made up to 30 June 2025using the same accounting policies. All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Plant hire income is recorded in the period in which the plant is physically hired out and plant sales are recorded on the date the item of plant is sold.

Rental income is recorded in the period in which the rent is due.

Software income is recorded in the period that covers the licence and support.

In respect of property developments, turnover is recognised once legal completion has been achieved.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses in 2020, 2022 and 2023 is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

-

2% on cost

Short leasehold

-

2% on cost

Long leasehold

-

33% on cost

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on reducing balance and 25% on cost

Office equipment

-

20% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation. Land is not depreciated.