REGISTERED NUMBER: 10086030 (England and Wales)

Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 December 2025

for

Coxbridge Group Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

7

Consolidated Income Statement

10

Consolidated Other Comprehensive Income

11

Consolidated Balance Sheet

12

Company Balance Sheet

13

Consolidated Statement of Changes in Equity

14

Company Statement of Changes in Equity

15

Consolidated Cash Flow Statement

16

Notes to the Consolidated Cash Flow Statement

17

Notes to the Consolidated Financial Statements

18

DIRECTORS:

P Marsh

P R Marsh

REGISTERED OFFICE:

Impression House

31 Invincible Road

Farnborough

Hampshire

GU14 7QU

REGISTERED NUMBER:

10086030 (England and Wales)

AUDITORS:

WP Audit Services LLP

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

The directors present their strategic report of the company and the group for the year ended 31 December 2025.

REVIEW OF BUSINESS

The Board aims to present a review of the development and performance of the group during the year under review and its position at the year end. This review is consistent with the size and nature of the group and is written in the context of risks and uncertainties it faces.

During the period under review, the directors are pleased to report an increase in revenue of 22.5% over the previous year from £40.7m to £49.9m, primarily reflecting the full year benefit of acquisitions made during 2024, along with organic growth in a number of other depots.

The Phoenix Hire & Sales and Safety Survey & Training businesses acquired in September 2024 were fully integrated into FTH from June 2025, with Rabbit & Dowling Plant Hire having been integrated in the previous year.

The group has also continued to reinvest the profits of the business into ensuring a modern fleet of equipment is available to customers, with the only external financing being through hire purchase liabilities relating to the hire fleet.

The group considers that its key performance indicators are those that communicate the financial performance and strength of the group, primarily turnover, operating profit, EBITDA and net assets. The group saw an increase in all of these measures in 2025 as it saw the benefits materialise of the acquisitions conducted in 2024. The group looks to ensure that it remains price competitive for customers, whilst seeing the cost of labour, parts and other materials increase in the year, in addition to investing in the resources of the group to ensure it is well placed to capture the next phase of the group's growth.

The directors aim to maintain the group's existing management policies which have resulted in the group's successful period of trading. These policies include the intention to grow sales and maintain control over costs.

The directors are pleased with the overall results for the period and are confident that the group will continue to trade profitably in the future. The continuing profitability has left the group in a sound financial position at the end of the year and is in line with the group's expectations.

The directors consider that the group is in a strong position to take advantage of any profitable opportunities which may arise in the future.

KEY PERFORMANCE INDICATORS

The group considers its Key Performance Indicators to be turnover, gross profit, net assets and cash.

2025

2024

2023

£'000

£'000

£'000

Turnover

49,867

40,699

34,920

EBITDA

14,607

12,588

12,927

Operating profit

10,645

9,296

10,457

Net assets

46,335

40,186

34,403

Cash generated from operations

13,371

12,234

12,045

PRINCIPLE RISKS AND UNCERTAINTIES AND FINANCIAL RISK MANAGEMENT

The management of the group and the nature of its trading strategy are subject to a number of risks. The group operates a thorough risk assessment and management process which involves a formal review of all the risks identified and introducing processes to monitor and mitigate each risk, where possible.

The group's principal financial instruments comprise bank balances, inventories, trade debtors, trade creditors and hire purchase finance. The main purpose of these instruments is to provide funds for the group's operations. Their existence exposes the group to a number of financial risks, which have been considered and are managed as follows:

Cost inflation and supply chain

The group continues to have a strong supply chain system, which allows it to negotiate better purchasing terms and work with suppliers to improve supply chain efficiency. However, the group remains exposed to periods of cost inflation and continually assesses any risks identified with the aim of mitigating the threats these may have on the group's operations and profitability.

The group operates one of the newest hire fleets in the industry and is well placed to provide asset availability as a result of better reliability. The age profile also allows the group to optimise capital expenditure management whilst maintaining customer service.

Construction market conditions

The group is directly impacted by the construction industry with demand and pricing of the group's products dependant on the success in this sector. The group mitigates this risk by ensuring it monitors the market to ensure asset holding levels are closely monitored with its pricing strategy being constantly assessed by comparison to competitors rates.

Operational risk

Operational risk is the risk of a direct or indirect loss resulting from the inadequacies or failures of processes or controls due to technology, staff, organisation or external factors. To monitor and control operational risk, the group maintains a system of comprehensive policies and a control framework which is designed to provide a sound and well-controlled operational environment.

Liquidity risk

Liquidity risk is the risk that the group will have insufficient resources to meet its financial liabilities as they fall due. The group's strategy to managing liquidity risk is to ensure that the group has sufficient funds to meet all its potential liabilities as they fall due. In respect of bank balances, the liquidity risk is managed by maintaining a substantial cash balance at all times. In respect of the hire purchase finance, these are short term on low interest rates. The liquidity risk is therefore managed by ensuring there are always sufficient funds available to meet all monthly liabilities.

Price risk

Price risk is the risk that financial performance of the group will be adversely affected by pricing changes or price pressure from competitors. The group has managed this risk by securing long term contracts with its key suppliers that sets out defined parameters and pricing.

Interest rate risk

Interest rate risk is the risk that the financial performance of the group will be adversely affected by adverse fluctuations on interest rates being charged to the company on its financial instruments. The interest rate risk is managed by using short term agreements with fixed low interest rates. This is deemed sufficient to mitigate this risk.

Credit risk

The group has a significant and diverse customer base, ranging from large contractors to individual operations. This, combined with undertaking stringent credit checks and the implementation of further safeguards, where necessary, minimises credit risk.

Currency risk

Currency risk is the risk that the financial performance of the group will be adversely affected by adverse fluctuations in foreign currencies used by the group. The group has minimal exposure to foreign currency risk.

The directors review the principal risks and uncertainties facing the company on a regular basis and ensure systems and policies are continuously updated to reflect any changes, they work in an efficient manner to minimise those risks and help achieve the company's objectives.

GOING CONCERN

The group's business activities, together with the factors likely to affect its future development, performance and position are set out above.

After making enquiries, the directors have an expectation that the group's cash at bank as at 31 December 2025 of £9.9m and the group's forecasts and projections for a period of 12 months from the accounts signing date are more than sufficient to provide adequate resources to continue in operational existence for the foreseeable future. The directors have therefore concluded that it is appropriate to prepare the financial statements on a going concern basis.

ON BEHALF OF THE BOARD:

P R Marsh - Director

1 May 2026

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of the hire and supply of plant and tools.

DIVIDENDS

Interim dividends of £700,000 (2024: £600,000) were paid in the year. The directors recommend that no final dividend be paid.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

P Marsh

P R Marsh

MATTERS INCLUDED IN THE STRATEGIC REPORT

The company has chosen to disclose information relating to future developments, financial risk assessment, principal activities and fair review of the business in the Strategic Report in accordance with Section 414C (11) of the Companies Act 2006.

ENGAGEMENT WITH EMPLOYEES

The company aims to promote a working environment free from unlawful harassment, victimisation, bullying and discrimination and regards all of its employees as members of a team where opinions are valued and everyone is regarded as equal in status and treated with fairness and respect.

The company operates a diversity policy to ensure that no job applicant or existing employee is treated less favourably on the grounds of their gender, age, marital status, disability, race, colour, sexual orientation, nationality, ethnic origin, religion or belief and that nobody is disadvantaged by conditions, requirements or practices which cannot be shown to be just and fair. The way the company recruits and works is intended to ensure that employees are selected, promoted and treated according to their ability and that everyone has an equal opportunity to receive training and development.

The company communicates regularly with all employees on matters relating to its performance. Employees are encouraged to contribute to the decision-making process through meetings held by the management of the company to discuss matters of concern. In addition, there is a bulletin board at company premises where memoranda relating to company policy are displayed. Regular meetings are held by the management of the company to discuss matters of concern. An open management policy is operated whereby all members of staff (including part-time and casual staff) are briefed regularly and kept informed on matters affecting the company by means of meetings and communications, together with personal appraisals and feedback sessions.

The company gives full consideration to applications for employment from disabled persons where the candidate's particular aptitudes and abilities are consistent with adequately meeting the requirements of the job. Opportunities are available to disabled employees for training, career development and promotion.

Where existing employees become disabled, it is the company's policy to provide continuing employment wherever practicable in the same or an alternative position and to provide appropriate training to achieve this aim.

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 ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, WP Audit Services LLP, have indicated their willingness to continue in office.

ON BEHALF OF THE BOARD:

P R Marsh - Director

1 May 2026

Opinion

We have audited the financial statements of Coxbridge Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 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 31 December 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 six, 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 obtained an understanding of the legal and regulatory framework that the company operates in, focussing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context include the Companies Act and tax legislation. In addition we considered the provisions of other laws and regulations that do not have an effect on the financial statements but compliance with which may be fundamental to the company's ability to incur or to avoid a material penalty, including the company's operating licences and environmental regulations.

Our procedures in response to the risks identified included reviewing the financial statements disclosures and testing supporting documentation to assess compliance with the provisions of relevant laws and regulations considered to have a direct effect in the financial statements, enquiring of management concerning actual or potential litigation and claims, performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud, reading minutes of meetings of those charged with governance, reviewing correspondence with relevant regulatory authorities and in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments, assessing whether the judgements made in making accounting estimates are indicative of a potential bias and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

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

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.

Stuart Wright (Senior Statutory Auditor)

for and on behalf of WP Audit Services LLP

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

1 May 2026

REVENUE

3

49,866,778

40,699,106

Cost of sales

(25,340,919

)

(19,334,989

)

GROSS PROFIT

24,525,859

21,364,117

Administrative expenses

(13,880,804

)

(12,135,458

)

10,645,055

9,228,659

Other operating income

-

67,500

OPERATING PROFIT

5

10,645,055

9,296,159

Interest receivable and similar income

235,784

360,655

10,880,839

9,656,814

Interest payable and similar expenses

6

(1,272,472

)

(1,193,769

)

PROFIT BEFORE TAXATION

9,608,367

8,463,045

Tax on profit

7

(2,584,651

)

(1,929,715

)

PROFIT FOR THE FINANCIAL YEAR

7,023,716

6,533,330

Profit attributable to:

Owners of the parent

5,898,475

5,484,537

Non-controlling interests

1,125,241

1,048,793

7,023,716

6,533,330

PROFIT FOR THE YEAR

7,023,716

6,533,330

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

7,023,716

6,533,330

Total comprehensive income attributable to:

Owners of the parent

5,898,475

5,484,537

Non-controlling interests

1,125,241

1,048,793

7,023,716

6,533,330

FIXED ASSETS

Intangible assets

10

1,411,816

2,028,657

Property, plant and equipment

11

58,817,992

58,955,619

Investments

12

-

-

60,229,808

60,984,276

CURRENT ASSETS

Inventories

13

517,535

2,009,942

Debtors

14

7,671,880

10,233,706

Prepayments and accrued income

805,219

430,657

Cash at bank and in hand

9,877,713

3,543,974

18,872,347

16,218,279

CREDITORS

Amounts falling due within one year

15

(11,802,823

)

(14,583,189

)

NET CURRENT ASSETS

7,069,524

1,635,090

TOTAL ASSETS LESS CURRENT LIABILITIES

67,299,332

62,619,366

CREDITORS

Amounts falling due after more than one year

16

(11,576,029

)

(13,610,144

)

PROVISIONS FOR LIABILITIES

18

(9,388,414

)

(8,823,049

)

NET ASSETS

46,334,889

40,186,173

CAPITAL AND RESERVES

Called up share capital

19

200

200

Retained earnings

20

41,086,842

35,888,367

SHAREHOLDERS' FUNDS

41,087,042

35,888,567

NON-CONTROLLING INTERESTS

5,247,847

4,297,606

TOTAL EQUITY

46,334,889

40,186,173

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2026 and were signed on its behalf by:

P R Marsh - Director

P Marsh - Director

FIXED ASSETS

Intangible assets

10

-

-

Property, plant and equipment

11

1,179,362

1,197,194

Investments

12

100

100

1,179,462

1,197,294

CURRENT ASSETS

Debtors

14

10,618,887

15,816,040

Cash at bank

8,507,364

1,916,610

19,126,251

17,732,650

CREDITORS

Amounts falling due within one year

15

(210,057

)

(231,802

)

NET CURRENT ASSETS

18,916,194

17,500,848

TOTAL ASSETS LESS CURRENT LIABILITIES

20,095,656

18,698,142

CAPITAL AND RESERVES

Called up share capital

19

200

200

Retained earnings

20,095,456

18,697,942

SHAREHOLDERS' FUNDS

20,095,656

18,698,142

Company's profit for the financial year

2,097,514

1,784,856

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

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2026 and were signed on its behalf by:

P R Marsh - Director

P Marsh - Director

Called up

share

Retained

Non-controlling

Total

capital

earnings

Total

interests

equity

£

£

£

£

£

Balance at 1 January 2024

200

31,003,830

31,004,030

3,398,813

34,402,843

Changes in equity

Dividends

-

(600,000

)

(600,000

)

(150,000

)

(750,000

)

Total comprehensive income

-

5,484,537

5,484,537

1,048,793

6,533,330

Balance at 31 December 2024

200

35,888,367

35,888,567

4,297,606

40,186,173

Changes in equity

Dividends

-

(700,000

)

(700,000

)

(175,000

)

(875,000

)

Total comprehensive income

-

5,898,475

5,898,475

1,125,241

7,023,716

Balance at 31 December 2025

200

41,086,842

41,087,042

5,247,847

46,334,889

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

200

17,513,086

17,513,286

Changes in equity

Dividends

-

(600,000

)

(600,000

)

Total comprehensive income

-

1,784,856

1,784,856

Balance at 31 December 2024

200

18,697,942

18,698,142

Changes in equity

Dividends

-

(700,000

)

(700,000

)

Total comprehensive income

-

2,097,514

2,097,514

Balance at 31 December 2025

200

20,095,456

20,095,656

Cash flows from operating activities

Cash generated from operations

1

13,371,351

12,233,753

Interest paid

(803

)

(34,386

)

Interest element of hire purchase payments paid

(1,271,669

)

(1,159,383

)

Tax paid

(1,002,407

)

(2,321,827

)

Net cash from operating activities

11,096,472

8,718,157

Cash flows from investing activities

Purchase of tangible fixed assets

(950,455

)

(1,118,204

)

Sale of intangible fixed assets

199,367

-

Sale of tangible fixed assets

8,926,051

7,372,129

Purchase of subsidiary undertakings

-

(6,225,569

)

Cash acquired on acquisition

-

530,862

Interest received

235,784

360,655

Net cash from investing activities

8,410,747

919,873

Cash flows from financing activities

Loan repayments in year

-

(2,810,501

)

Capital repayments in year

(13,430,099

)

(10,363,235

)

Amount introduced by directors

119,426

-

Amount withdrawn by directors

-

(917,846

)

Change in related party funding

1,012,193

387,042

Equity dividends paid

(700,000

)

(600,000

)

Dividends paid to minority interests

(175,000

)

(150,000

)

Net cash from financing activities

(13,173,480

)

(14,454,540

)

Increase/(decrease) in cash and cash equivalents

6,333,739

(4,816,510

)

Cash and cash equivalents at beginning of year

2

3,543,974

8,360,484

Cash and cash equivalents at end of year

2

9,877,713

3,543,974

1.	RECONCILIATION OF PROFIT FOR THE FINANCIAL YEAR TO CASH GENERATED FROM OPERATIONS

31/12/25

31/12/24

£

£

Profit for the financial year

7,023,716

6,533,330

Depreciation charges

3,961,841

3,291,464

(Profit)/loss on disposal of fixed assets

(274,522

)

21,594

Finance costs

1,272,472

1,193,769

Finance income

(235,784

)

(360,655

)

Taxation

2,584,651

1,929,715

14,332,374

12,609,217

Decrease in inventories

1,492,407

760,514

Increase in trade and other debtors

(30,701

)

(470,703

)

Decrease in trade and other creditors

(2,422,729

)

(665,275

)

Cash generated from operations

13,371,351

12,233,753

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 31 December 2025

31/12/25

1/1/25

£

£

Cash and cash equivalents

9,877,713

3,543,974

Year ended 31 December 2024

31/12/24

1/1/24

£

£

Cash and cash equivalents

3,543,974

8,360,484

3.	ANALYSIS OF CHANGES IN NET DEBT

Other

non-cash

At 1/1/25

Cash flow

changes

At 31/12/25

£

£

£

£

Net cash

Cash at bank

and in hand

3,543,974

6,333,739

9,877,713

3,543,974

6,333,739

9,877,713

Debt

Finance leases

(22,634,285

)

13,430,099

(10,886,490

)

(20,090,676

)

(22,634,285

)

13,430,099

(10,886,490

)

(20,090,676

)

Total

(19,090,311

)

19,763,838

(10,886,490

)

(10,212,963

)

1.	STATUTORY INFORMATION

Coxbridge Group 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 applicable United Kingdom accounting standards, including Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis.

The presentation and functional currency is Pound Sterling (£).

Financial Reporting Standard 102 - reduced disclosure exemption

The individual accounts of Coxbridge Group Limited have adopted the following disclosure exemptions, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

- the requirements of section 7 Statement of Cashflows.

Company Statement of Comprehensive Income

As permitted by s408 Companies Act 2006, the Company has not presented its own statement of comprehensive income. The Company's total comprehensive income for the year was £2,097,514 (2024: £1,784,856).

Basis of consolidation

The consolidated financial statements incorporate those of Coxbridge Group Limited and all of its subsidiaries (i.e. entities that the Group controls through its power to govern the financial and operating policies so as to obtain economic benefits). All financial statements are made up to 31 December 2025.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Going concern

After reviewing the group's forecasts and projections for a period of 12 months from the accounts signing date, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. The group therefore continues to adopt the going concern basis in preparing its financial statements.

Revenue

Revenue is the amount derived from ordinary activities and is measure by the fair value of the consideration received or receivable and is stated net of VAT.

Revenue from the hire of plant and machinery is recognised on a straight-line basis over the period of hire. Where hire contracts include variable elements (e.g., excess hours, damage charges), these are recognised when the amount can be reliably measured and it is highly probable that a significant reversal will not occur.

Revenue from the sale of plant and equipment is recognised at the point control transfers to the customer, which is typically when the asset is delivered and the customer has accepted the risks and rewards of ownership.

Goodwill

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