REGISTERED NUMBER: 04802485 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2025

FOR

B M H SCAFFOLDING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr C P Watson

Mr S D McSpadden

SECRETARY:

Mrs K A Rousell

REGISTERED OFFICE:

Unit 2 Plymouth Avenue

Brookhill Industrial Estate

Pinxton

Derbyshire

NG16 6RA

REGISTERED NUMBER:

04802485 (England and Wales)

AUDITORS:

Shaw Gibbs (Audit) Limited

Statutory Auditor

Fleming Court

Leigh Road

Eastleigh

Southampton

Hampshire

SO50 9PD

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

3,907,117

2,363,641

3,907,117

2,363,641

CURRENT ASSETS

Debtors

7

2,653,589

2,347,596

Cash at bank and in hand

153,257

119,555

2,806,846

2,467,151

CREDITORS

Amounts falling due within one year

8

4,378,459

3,145,378

NET CURRENT LIABILITIES

(1,571,613

)

(678,227

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,335,504

1,685,414

CREDITORS

Amounts falling due after more than one year

9

(747,247

)

(289,576

)

PROVISIONS FOR LIABILITIES

(683,707

)

(567,005

)

NET ASSETS

904,550

828,833

CAPITAL AND RESERVES

Called up share capital

11

102

102

Share based payments

644

1,187

Retained earnings

903,804

827,544

SHAREHOLDERS' FUNDS

904,550

828,833

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 25th June 2026 and were signed on its behalf by:

Mr C P Watson - Director

1.	STATUTORY INFORMATION

B M H Scaffolding 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover and profit recognition

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

Turnover represents amounts due on contracts completed in the year adjusted for turnover attributable to long term work in progress, excluding value added tax and trade discounts.

Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value based on the percentage deemed complete by the assessment of the quantity surveyor for both B M H Scaffolding Limited and the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen.

Cumulative turnover is compared with total payments on account. If turnover exceeds payments on account, an amount recoverable on contract is recognised and separately disclosed within debtors.

If payments on account are greater than turnover to date, the excess is classified within creditors.

Turnover from a contract to provide services is recognised when all of the following conditions are satisfied:

- the amount of turnover can be measured reliably;

- it is probable that the company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

Over the remaining term of the lease

Plant and machinery

-

25% on reducing balance and 10% straight line

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change in the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are

recognised within costs of sales or administrative expenses, dependant upon it's nature.

Financial instruments

Basic financial instruments in debtors and creditors with no stated interest rate, and receivable or payable within one year are recorded at transactional price. Any losses arising from impairment are recognised in the income statement in other administrant expenses.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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.

Assets that are held by the company under leases which transfer substantially all the risk and rewards of ownership are classified as being held under hire purchase or finance leases. Leases which do not transfer substantially all the risk and rewards of ownership are classified as operating leases.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. Assets obtained under hire purchase contracts and finance leases are capitalized as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such arrangements are included in creditors net of the finance charge allocated to future periods.

The finance element of the rental payment is charged to the statement of income and retained earnings so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Pension costs and other post-retirement benefits

The company contributes to a defined contribution pension scheme for its employees. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid, the company has no further payment obligations.

The contributions are recognised as an expense in the statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Share based payments

The company has entered into a share based payment arrangement in respect of equities issued. Share based payments are accounted for in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Share based payments are recognised in the Financial Statements on the basis of the fair value of the shares at the balance sheet date in consideration with the hurdle value and the fair value of the shares at the grant date.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2024 - 55 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st October 2024

and 30th September 2025

45,000

AMORTISATION

At 1st October 2024

and 30th September 2025

45,000

NET BOOK VALUE

At 30th September 2025

-

At 30th September 2024

-

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1st October 2024

175,137

2,811,144

33,689

Additions

-

1,962,142

299

Disposals

-

-

-

At 30th September 2025

175,137

4,773,286

33,988

DEPRECIATION

At 1st October 2024

145,497

765,863

25,543

Charge for year

26,426

337,988

1,678

Eliminated on disposal

-

-

-

At 30th September 2025

171,923

1,103,851

27,221

NET BOOK VALUE

At 30th September 2025

3,214

3,669,435

6,767

At 30th September 2024

29,640

2,045,281

8,146

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st October 2024

479,090

21,753

3,520,813

Additions

25,206

4,379

1,992,026

Disposals

(49,453

)

-

(49,453

)

At 30th September 2025

454,843

26,132

5,463,386

DEPRECIATION

At 1st October 2024

206,955

13,314

1,157,172

Charge for year

70,441

6,006

442,539

Eliminated on disposal

(43,442

)

-

(43,442

)

At 30th September 2025

233,954

19,320

1,556,269

NET BOOK VALUE

At 30th September 2025

220,889

6,812

3,907,117

At 30th September 2024

272,135

8,439

2,363,641

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st October 2024

-

321,524

321,524

Additions

973,536

9,449

982,985

Reclassification/transfer

417,452

-

417,452

At 30th September 2025

1,390,988

330,973

1,721,961

DEPRECIATION

At 1st October 2024

-

98,609

98,609

Charge for year

84,531

55,925

140,456

Reclassification/transfer

6,042

-

6,042

At 30th September 2025

90,573

154,534

245,107

NET BOOK VALUE

At 30th September 2025

1,300,415

176,439

1,476,854

At 30th September 2024

-

222,915

222,915

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

866,538

284,670

Amounts recoverable on contract

1,228,822

1,533,103

Other debtors

558,229

529,823

2,653,589

2,347,596

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,167

10,000

Hire purchase contracts

425,344

23,262

Payments on account

9,798

11,765

Trade creditors

2,209,673

1,475,907

Amounts owed to group undertakings

786,204

621,235

Amounts owed to associates

17,503

12,064

Taxation and social security

112,269

80,673

Other creditors

808,501

910,472

4,378,459

3,145,378

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

9,167

Hire purchase contracts

685,663

65,907

Other creditors

61,584

214,502

747,247

289,576

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

9,167

19,167

Other loans

214,503

500,905

Hire purchase contracts

1,111,007

89,169

1,334,677

609,241

Bank loans are secured by way of a debenture, borrowed under the Coronavirus Business Interruption Loan Scheme from the UK Government and a guarantee and debenture given by the company and other related companies.

The other loans and hire purchase contracts are secured over the assets to which they relate.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal value:

2025

2024

200

Ordinary

50p

100

100

2

A1 Ordinary

50p

1

1

2

A2 Ordinary

50p

1

1

102

102

The rights of the shares are as follows:

Each holder of Ordinary Shares, A1 Shares and A2 Shares shall be entitled to receive notice of, attend and vote at general meetings of the company. Each share is entitled to one vote in any circumstances.

Dividends may be declared on one or several classes of shares to the exclusion of any class or classes and dividends at different rates may be declared on the respective classes of shares.

Upon an Exit Event, the Exit Proceeds shall be applied on the following basis and in the following order of priority:

Firstly, in paying to the holders of the Ordinary Shares, an aggregate amount up to but not exceeding £1,600,000, which shall be distributed to the holders of the Ordinary Shares pro rata to the amount paid up on the Ordinary Shares held by each such holder.

Secondly, in distributing the balance to the holders of the Ordinary Shares, A1 Shares and A2 Shares pro rata to the amount paid up on those shares held by each such holder.

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Graham Taylor (Senior Statutory Auditor)

for and on behalf of Shaw Gibbs (Audit) Limited

13.	PENSION COMMITMENTS

The company contributes to a defined contribution pension scheme for their directors and employees. There were unpaid contributions due at the end of the period in relation to the schemes amounting to £14,015 (2024: £5,353). The amount recognised as an expense in the year was £42,744 (2024: £43,770).

14.	OTHER FINANCIAL COMMITMENTS

Total future financial commitments and contingencies which are not included in the balance sheet amount to £764,000 (2024: £52,000). This amount is in relation to operating lease commitments which are payable over the next 5 years (2024: 1 year).

The company has given cross guarantees to banks and other financial institutions for other group and related companies' debts. The debt guaranteed at 30 September 2025 amounted to £157,060 (2024: £342,575).

15.	RELATED PARTY DISCLOSURES

Entities with control, joint control or significant influence over the entity

2025

2024

£

£

Motor costs

24,333

30,106

Consultancy costs

95,130

60,980

Dividends paid

228,767

482,572

Amount due to related party

803,708

633,299

The amounts due to entities with control, joint control or significant influence over the entity are unsecured, interest free and there are no fixed dates of repayment.

As a result of the share purchase agreement during the previous year between the company's parent company, BMH Group Holdings Limited, and the company which has significant influence over the company, the directors must use their respective endeavours to ensure that any distributable profits of the company (represented by cash in excess of the company's provision for working capital, capital expenditure and other exceptional requirements) shall be distributed from time to time with the intention of the deferred consideration being settled as soon as practicable.

Key management personnel of the entity or its parent (in the aggregate)

2025

2024

£

£

Key management personnel compensation

63,855

94,864

Share based payments (income)/expense

(543)

1,187

Amount due to related party

6,022

-

Dividends paid

11,240

10,244

The amounts due to key management personnel are unsecured, interest free and there are no fixed dates of repayment.

Other related parties

2025

2024

£

£

Sales

1,093,277

622,437

Rental income

27,099

49,494

Management charges payable

272,331

253,655

Subcontractor costs

-

32,670

Motor costs

9,304

9,304

Provision of services from related party

258,646

160,757

Amounts due to related party

881,282

787,387

Amounts due from related party

584,884

25,981

The amounts due to and from other related parties are unsecured, interest free and there are no fixed dates of repayment.

16.	SHARE-BASED PAYMENT TRANSACTIONS

During 2023, Ordinary A shares were allotted at par value. The expected future sale price (Good Leaver Price) of the shares is linked to the shareholder being a Good Leaver and therefore the continued provision of services, as well as being subject to a Hurdle Value. The equity settled scheme's grant date is therefore based on the expected exit event date, estimated as being the retirement of the shareholders.

The value of the equity instruments granted at the balance sheet date is based on the Good Leaver Price at the balance sheet date as defined by the company's Memorandum and Articles of Association, divided by the vesting period, being the expected number of years until the grant date.

17.	ULTIMATE PARENT COMPANY

The immediate and ultimate parent company is BMH Group Holdings Limited (registered number 10287962).

The largest and smallest group which includes the company and for which group financial statements are prepared is BMH Group Holdings Limited. Group accounts will be available from Companies House. The registered office address for BMH Group Holdings Limited is Unit 2 Plymouth Avenue, Brookhill Industrial Estate, Pinxton, Derbyshire, England, NG16 6RA.