REGISTERED NUMBER: NI682914 (Northern Ireland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

MBHIRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

Mr T Armitage

Mr J P Armitage

REGISTERED OFFICE:

16 Main Street

Lisnaskea

Co. Fermanagh

BT92 0JB

REGISTERED NUMBER:

NI682914 (Northern Ireland)

ACCOUNTANTS:

Patton Rainey Stenson Limited

Chartered Accountants

6 East Bridge Street

Enniskillen

Co. Fermanagh

BT74 7BT

BANKERS:

AIB

2-4 East Bridge Street

Enniskillen

Fermanagh

BT74 7BT

FIXED ASSETS

Tangible assets

4

229,143

127,390

CURRENT ASSETS

Debtors

5

44,062

6,284

Cash at bank

21,286

17,739

65,348

24,023

CREDITORS

Amounts falling due within one year

6

263,839

147,521

NET CURRENT LIABILITIES

(198,491

)

(123,498

)

TOTAL ASSETS LESS CURRENT LIABILITIES

30,652

3,892

PROVISIONS FOR LIABILITIES

7

10,529

10,029

NET ASSETS/(LIABILITIES)

20,123

(6,137

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

20,023

(6,237

)

20,123

(6,137

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 24 March 2026 and were signed on its behalf by:

Mr J P Armitage - Director

1.	STATUTORY INFORMATION

MBHire Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

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 etc

-

15% on reducing balance

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 have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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.

Hire purchase and leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 December 2024

149,870

Additions

307,533

Disposals

(172,085

)

At 30 November 2025

285,318

DEPRECIATION

At 1 December 2024

22,480

Charge for year

40,437

Eliminated on disposal

(6,742

)

At 30 November 2025

56,175

NET BOOK VALUE

At 30 November 2025

229,143

At 30 November 2024

127,390

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

10,769

6,184

Other debtors

-

100

VAT

20,793

-

Prepayments and accrued income

12,500

-

44,062

6,284

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Other loans

47,634

27,027

Trade creditors

53,705

2,869

VAT

-

6,625

Other creditors

80,000

110,000

Accrued expenses

82,500

1,000

263,839

147,521

7.	PROVISIONS FOR LIABILITIES

30.11.25

30.11.24

£

£

Deferred tax

10,529

10,029

Deferred

tax

£

Balance at 1 December 2024

10,029

Provided during year

500

Balance at 30 November 2025

10,529

8.	RELATED PARTY DISCLOSURES

During the year the following transactions arose with a company under the common control of the directors of MB Hire Limited;

£

Purchases by Monaghan Brothers Limited

789,858

Sales by MB Hire Limited

259,231

Management Charge to MB Hire Limited

6,000

The following balances were owed at 30 November 2025:

Amount owed to MBHire Limited - included in trade debtors

600

Amount owed by MBHire Limited - included in trade creditors

51,825

Amount owed by MBHire Limited - included in accruals

81,500

Amount owed by MBHire Limited - loan

80,000

.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2025 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Patton Rainey Stenson Limited

Chartered Accountants

6 East Bridge Street

Enniskillen

Co. Fermanagh

BT74 7BT

24 March 2026