REGISTERED NUMBER: 01130746 (England and Wales)

Financial Statements for the Year Ended 28 February 2026

for

Skipton Hire Centre Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Wilson

A T McCarthy

REGISTERED OFFICE:

Carleton Business Park

Carleton New Road

Skipton

North Yorkshire

BD23 2DE

REGISTERED NUMBER:

01130746 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Intangible assets

4

7,917

8,917

Tangible assets

5

1,944,653

1,864,602

1,952,570

1,873,519

CURRENT ASSETS

Stocks

349,317

399,499

Debtors

6

6,258,548

6,044,995

Cash at bank and in hand

39,086

95,194

6,646,951

6,539,688

CREDITORS

Amounts falling due within one year

7

3,329,468

3,077,648

NET CURRENT ASSETS

3,317,483

3,462,040

TOTAL ASSETS LESS CURRENT LIABILITIES

5,270,053

5,335,559

CREDITORS

Amounts falling due after more than one year

8

(1,415,291

)

(1,470,054

)

PROVISIONS FOR LIABILITIES

(486,163

)

(466,150

)

NET ASSETS

3,368,599

3,399,355

CAPITAL AND RESERVES

Called up share capital

500

500

Retained earnings

3,368,099

3,398,855

3,368,599

3,399,355

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 Statement of Income and Retained Earnings has not been delivered.

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

M Wilson - Director

A T McCarthy - Director

1.	STATUTORY INFORMATION

Skipton Hire Centre 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 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 represents income from sale of goods and from hire of plant and equipment. It is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten 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.

Tenants alterations

-

10% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

33% on cost and 15% on cost

Motor vehicles

-

25% on cost

Stocks

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

Financial instruments

Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit & loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2025 - 38 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2025

and 28 February 2026

10,000

AMORTISATION

At 1 March 2025

1,083

Charge for year

1,000

At 28 February 2026

2,083

NET BOOK VALUE

At 28 February 2026

7,917

At 28 February 2025

8,917

5.	TANGIBLE FIXED ASSETS

Fixtures

Tenants

Plant and

and

Motor

alterations

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 March 2025

239,441

5,287,124

353,776

534,059

6,414,400

Additions

2

648,587

14,350

42,475

705,414

Disposals

-

(509,501

)

(9,519

)

(29,139

)

(548,159

)

At 28 February 2026

239,443

5,426,210

358,607

547,395

6,571,655

DEPRECIATION

At 1 March 2025

239,441

3,571,257

343,318

395,782

4,549,798

Charge for year

2

495,487

4,774

56,425

556,688

Eliminated on disposal

-

(449,399

)

(5,794

)

(24,291

)

(479,484

)

At 28 February 2026

239,443

3,617,345

342,298

427,916

4,627,002

NET BOOK VALUE

At 28 February 2026

-

1,808,865

16,309

119,479

1,944,653

At 28 February 2025

-

1,715,867

10,458

138,277

1,864,602

6.

DEBTORS

28.2.26

28.2.25

£

£

Amounts falling due within one year:

Trade debtors

607,395

659,201

Amounts owed by group undertakings

5,549,938

5,171,994

Other debtors

66,043

193,011

6,223,376

6,024,206

Amounts falling due after more than one year:

Other debtors

35,172

20,789

Aggregate amounts

6,258,548

6,044,995

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Bank loans and overdrafts

15,000

60,000

Hire purchase contracts and finance leases (see note 9)

775,330

694,067

Trade creditors

656,316

617,490

Amounts owed to group undertakings

1,190,505

917,621

Taxation and social security

175,992

227,346

Other creditors

516,325

561,124

3,329,468

3,077,648

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.26

28.2.25

£

£

Bank loans

-

15,000

Hire purchase contracts and finance leases (see note 9)

1,259,304

1,455,054

Other creditors

155,987

-

1,415,291

1,470,054

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

Finance leases

28.2.26

28.2.25

28.2.26

28.2.25

£

£

£

£

Net obligations repayable:

Within one year

305,521

270,980

469,809

423,087

Between one and five years

584,406

476,331

674,898

978,723

889,927

747,311

1,144,707

1,401,810

Non-cancellable

operating leases

28.2.26

28.2.25

£

£

Within one year

219,401

217,230

Between one and five years

315,751

519,102

535,152

736,332

10.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.26

28.2.25

£

£

Invoice financing

448,041

420,158

Close Brothers Limited hold a fixed and floating charge over the assets of the company.

Neil Eric Bravery held a fixed and floating charge over the assets of the company. This was satisfied on 25 February 2026.

Funding is underpinned by the directors.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2026 and 28 February 2025:

28.2.26

28.2.25

£

£

R J Palmer

Balance outstanding at start of year

-

62,657

Amounts repaid

-

(62,657

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

L Hallsworth

Balance outstanding at start of year

52,107

-

Amounts advanced

-

52,107

Amounts repaid

(49,825

)

-

Amounts written off

(2,282

)

-

Amounts waived

-

-

Balance outstanding at end of year

-

52,107

M Wilson

Balance outstanding at start of year

52,107

-

Amounts advanced

-

52,107

Amounts repaid

(33,696

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

18,411

52,107