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REGISTERED NUMBER: 12460333 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 January 2026

for

Premier Plant and Tool Hire Ltd

| Premier Plant and Tool Hire Ltd (Registered number: 12460333) |

Contents of the Financial Statements

for the Year Ended 31 January 2026

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 3 |

| Report of the Independent Auditors | 4 |

| Income Statement | 8 |

| Other Comprehensive Income | 9 |

| Balance Sheet | 10 |

| Statement of Changes in Equity | 11 |

| Cash Flow Statement | 12 |

| Notes to the Cash Flow Statement | 13 |

| Notes to the Financial Statements | 15 |

| Premier Plant and Tool Hire Ltd |

Company Information

for the Year Ended 31 January 2026

| DIRECTORS: | R Hughes

| S V Girardier

| REGISTERED OFFICE: | Unit 7

| River Sidings Industrial Estate

| Archer Way

| Narborough

| Leicestershire

| LE19 2GA

| REGISTERED NUMBER: | 12460333 (England and Wales)

| AUDITORS: | Duncan & Toplis Audit Limited

| Statutory Auditor

| Park House

| 37 Clarence Street

| Leicester

| Leicestershire

| LE1 3RW

| Premier Plant and Tool Hire Ltd (Registered number: 12460333) |

Strategic Report

for the Year Ended 31 January 2026

The directors present their strategic report for the year ended 31 January 2026.

REVIEW OF BUSINESS

The principal activity of the company in the year under review was that of the hire and sale of construction equipment.

Turnover increased from £9,882,259 to £18,211,511 in the year. The 84% increase is a demonstration of the company's continued growth and carries on from the 85% increase in turnover the year prior. Operating profit has also increased from £1,741,847 to £4,296,057 in the year. The directors are confident that the prospects for the future of the business are healthy.

PRINCIPAL RISKS AND UNCERTAINTIES

The company's operations expose it to a variety of financial risks, outlined in more detail below. The company has several risk management strategies in place that aim to reduce the adverse effects on the financial performance of the company by monitoring levels of a number of financial costs.

Interest Rate Risk

The company finances its operations primarily through financing agreements which exposes it to fluctuating interest rates.

Credit Risk

The company continues to monitor and review policies surrounding credit checks on both new and existing customers when looking at offering hire terms. The company has a good relationship with all its customers which ensures prompt payment.

Other Risks

As the company's primary source of income is for the hire of machinery, it is dependent on retaining the loyalty of both its customers and its suppliers. For customers this is addressed by maintaining a constant focus on customer service and quality.

Supplier risk is managed via our relationship with our suppliers. Communication and liaison takes place on a regular basis to ensure that these relationships remain strong.

KEY PERFORMANCE INDICATORS

The directors use a number of performance indicators to evaluate the company's performance, the key ones being turnover, gross profit and profit before tax. These numbers are detailed on page 8. Gross profit and overhead percentage are tracked on a monthly basis and compared to annual budgets and prior year.

FUTURE DEVELOPMENTS

The future prospects of the company remain healthy. The directors are pleased with the company's performance and expect its results for the next financial year to be satisfactory.

ON BEHALF OF THE BOARD:

R Hughes - Director

1 July 2026

| Premier Plant and Tool Hire Ltd (Registered number: 12460333) |

Report of the Directors

for the Year Ended 31 January 2026

The directors present their report with the financial statements of the company for the year ended 31 January 2026.

DIVIDENDS

The total distribution of dividends for the year ended 31 January 2026 will be £34,260.

DIRECTORS

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

R Hughes

S V Girardier

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the 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 of the profit or loss of the company 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 transactions and disclose with reasonable accuracy at any time the financial position of the company 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 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 company'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 company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

R Hughes - Director

1 July 2026

Report of the Independent Auditors to the Members of

Premier Plant and Tool Hire Ltd

Opinion

We have audited the financial statements of Premier Plant and Tool Hire Ltd (the 'company') for the year ended 31 January 2026 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the 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 company's affairs as at 31 January 2026 and of its 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 company 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 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 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 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 Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of

Premier Plant and Tool Hire Ltd

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the 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, or returns adequate for our audit have not been received from branches not visited by us; or

- | the 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 three, 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 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 company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of

Premier Plant and Tool Hire Ltd

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:

Extent to which the audit was considered capable of detecting irregularities, including fraud

The capability to detect irregularities is based on the auditor identifying and assessing the risks of material misstatement of the financial statements, whether due to fraud or error, and then designing and performing audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

a) Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, the following approach was taken:

- |  | Understanding the nature of the industry and sector, control environment and business performance; |

- |  | Consideration of the results of our enquiries of management and those charged with governance about their own identification and assessment of the risks of irregularities; |

- |  | Understanding the company's policies and procedures on compliance with laws and regulations and management of fraud risk, including documentation of instances of non-compliance of laws and regulations and instances of actual, suspected or alleged fraud; |

- |  | Consideration of matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud; |

- |  | Understanding the legal and regulatory frameworks that the company operates in through enquiry of management and those charged with governance and understanding the company's industry and sector. The key laws and regulations that were considered to have an effect on material amounts and disclosures in the financial statements included the Companies Act and tax legislation. |

b) Audit response to risks identified

Based on this understanding, the following audit procedures were designed and performed to respond to the risks identified:

- |  | Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations described as having a direct effect on the financial statement; |

- |  | Enquiring of management, those charged with governance and, where applicable, the company's solicitors concerning actual and potential litigation and claims; |

- |  | Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; |

- |  | Reviewing minutes of meetings of those charged with governance and, where applicable, correspondence with regulators; |

- |  | Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness and evaluating the business rationale of significant transactions outside the normal course of business; |

- |  | Communication of potential fraud risks to all engagement team members and remaining alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. |

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

Report of the Independent Auditors to the Members of

Premier Plant and Tool Hire Ltd

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.

Other matters

In the prior year the directors took advantage of section 477 of the Companies Act 2006 for the financial statements not to be audited. As a result the comparatives shown in these financial statements are not audited.

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.

Matthew Mark Smith FCCA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited

Statutory Auditor

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

1 July 2026

| Premier Plant and Tool Hire Ltd (Registered number: 12460333) |

Income Statement

for the Year Ended 31 January 2026

| Period

| 1.3.24

| Year Ended |  | to

| 31.1.26 |  | 31.1.25

| as | restated |

| Notes | £ | £ |

TURNOVER | 3 | 18,211,511 |  | 9,882,259 |  |

Cost of sales | (12,384,890 | ) | (7,214,496 | ) |

GROSS PROFIT | 5,826,621 |  | 2,667,763 |  |

Administrative expenses | (1,569,929 | ) | (936,374 | ) |

4,256,692 |  | 1,731,389 |  |

Other operating income | 39,365 |  | 10,458 |  |

OPERATING PROFIT | 5 | 4,296,057 |  | 1,741,847 |  |

Interest receivable and similar income | 1,048 |  | 1,662 |  |

4,297,105 |  | 1,743,509 |  |

Interest payable and similar expenses | 6 | (1,449,337 | ) | (761,755 | ) |

PROFIT BEFORE TAXATION | 2,847,768 |  | 981,754 |  |

Tax on profit | 7 | (717,298 | ) | (249,724 | ) |

PROFIT FOR THE FINANCIAL YEAR | 2,130,470 |  | 732,030 |  |

| Premier Plant and Tool Hire Ltd (Registered number: 12460333) |

Other Comprehensive Income

for the Year Ended 31 January 2026

| Period

| 1.3.24

| Year Ended |  | to

| 31.1.26 |  | 31.1.25

| as | restated |

| Notes | £ | £ |

PROFIT FOR THE YEAR | 2,130,470 |  | 732,030 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 2,130,470 |  | 732,030 |  |

| Note

Prior year adjustment | 9 | (23,916 | ) |

TOTAL COMPREHENSIVE INCOME SINCE LAST ANNUAL REPORT | 2,106,554 |  |

| Premier Plant and Tool Hire Ltd (Registered number: 12460333) |

Balance Sheet

31 January 2026

| 31.1.26 |  | 31.1.25

| as | restated |

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 10 | 25,554,220 |  | 15,263,180 |  |

CURRENT ASSETS

Stocks | 11 | 92,777 |  | 72,945 |  |

Debtors | 12 | 4,275,495 |  | 2,703,476 |  |

Cash at bank and in hand | 806,023 |  | 237,032 |  |

5,174,295 |  | 3,013,453 |  |

CREDITORS

Amounts falling due within one year | 13 | (8,991,629 | ) | (5,691,362 | ) |

NET CURRENT LIABILITIES | (3,817,334 | ) | (2,677,909 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 21,736,886 |  | 12,585,271 |  |

CREDITORS

Amounts falling due after more than one year | 14 | (16,381,614 | ) | (10,043,507 | ) |

PROVISIONS FOR LIABILITIES | 18 | (1,198,295 | ) | (480,997 | ) |

NET ASSETS | 4,156,977 |  | 2,060,767 |  |

CAPITAL AND RESERVES

Called up share capital | 19 | 400 |  | 400 |  |

Share premium | 20 | 759,906 |  | 759,906 |  |

Retained earnings | 20 | 3,396,671 |  | 1,300,461 |  |

SHAREHOLDERS' FUNDS | 4,156,977 |  | 2,060,767 |  |

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

R Hughes - Director

| Premier Plant and Tool Hire Ltd (Registered number: 12460333) |

Statement of Changes in Equity

for the Year Ended 31 January 2026

| Called up |

| share |  | Retained |  | Share |  | Total

| capital |  | earnings |  | premium |  | equity

£ | £ | £ | £ |

Balance at 1 March 2024 | 400 |  | 590,431 |  | 759,906 |  | 1,350,737 |  |

Changes in equity

Dividends | - |  | (22,000 | ) | - |  | (22,000 | ) |

Total comprehensive income | - |  | 755,946 |  | - |  | 755,946 |  |

Balance at 31 January 2025 | 400 |  | 1,324,377 |  | 759,906 |  | 2,084,683 |  |

Prior year adjustment | - |  | (23,916 | ) | - |  | (23,916 | ) |

As restated | 400 |  | 1,300,461 |  | 759,906 |  | 2,060,767 |  |

Changes in equity

Dividends | - |  | (34,260 | ) | - |  | (34,260 | ) |

Total comprehensive income | - |  | 2,130,470 |  | - |  | 2,130,470 |  |

Balance at 31 January 2026 | 400 |  | 3,396,671 |  | 759,906 |  | 4,156,977 |  |

| Premier Plant and Tool Hire Ltd (Registered number: 12460333) |

Cash Flow Statement

for the Year Ended 31 January 2026

| Period

| 1.3.24

| Year Ended |  | to

| 31.1.26 |  | 31.1.25

| as | restated |

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 7,317,378 |  | 3,131,955 |  |

Government grants | 1,865 |  | 1,125 |  |

Net cash from operating activities | 7,319,243 |  | 3,133,080 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (329,588 | ) | (404,134 | ) |

Sale of tangible fixed assets | 957,316 |  | 459,634 |  |

Interest received | 1,048 |  | 1,662 |  |

Net cash from investing activities | 628,776 |  | 57,162 |  |

Cash flows from financing activities

New loans in year | - |  | 500,000 |  |

Loan capital repayments | (158,663 | ) | (130,066 | ) |

Loan interest | (20,737 | ) | (45 | ) |

Hire purchase capital repayments | (5,736,768 | ) | (2,666,796 | ) |

Hire purchase & lease interest | (1,428,600 | ) | (761,710 | ) |

Equity dividends paid | (34,260 | ) | (22,000 | ) |

Net cash from financing activities | (7,379,028 | ) | (3,080,617 | ) |

Increase in cash and cash equivalents | 568,991 |  | 109,625 |  |

Cash and cash equivalents at beginning of year | 2 | 237,032 |  | 127,407 |  |

Cash and cash equivalents at end of year | 2 | 806,023 |  | 237,032 |  |

| Premier Plant and Tool Hire Ltd (Registered number: 12460333) |

Notes to the Cash Flow Statement

for the Year Ended 31 January 2026

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

| Period

| 1.3.24

| Year Ended |  | to

| 31.1.26 |  | 31.1.25

| as | restated |

£ | £ |

| Profit before taxation | 2,847,768 |  | 981,754 |  |

| Depreciation charges | 3,505,439 |  | 1,753,538 |  |

| Loss/(profit) on disposal of fixed assets | 2,500 |  | (47,253 | ) |

| Government grants | (1,865 | ) | (1,125 | ) |

| Finance costs | 1,449,337 |  | 761,755 |  |

| Finance income | (1,048 | ) | (1,662 | ) |

7,802,131 |  | 3,447,007 |  |

| Increase in stocks | (19,832 | ) | (26,820 | ) |

| Increase in trade and other debtors | (1,572,017 | ) | (985,130 | ) |

| Increase in trade and other creditors | 1,107,096 |  | 696,898 |  |

| Cash generated from operations | 7,317,378 |  | 3,131,955 |  |

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 January 2026

| 31.1.26 |  | 1.2.25

£ | £ |

| Cash and cash equivalents | 806,023 |  | 237,032 |  |

| Period ended 31 January 2025

| 31.1.25 |  | 1.3.24

| as restated |

£ | £ |

| Cash and cash equivalents | 237,032 |  | 127,407 |  |

| Premier Plant and Tool Hire Ltd (Registered number: 12460333) |

Notes to the Cash Flow Statement

for the Year Ended 31 January 2026

3. | ANALYSIS OF CHANGES IN NET DEBT

| At 1.2.25 | Cash flow | At 31.1.26

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 237,032 |  | 568,991 |  | 806,023 |  |

237,032 |  | 568,991 |  | 806,023 |  |

| Debt

| Hire purchase and finance leases | (13,627,898 | ) | (8,689,941 | ) | (22,317,839 | ) |

| Debts falling due within 1 year | (166,667 | ) | (8,003 | ) | (174,670 | ) |

| Debts falling due after 1 year | (333,334 | ) | 166,666 |  | (166,668 | ) |

(14,127,899 | ) | (8,531,278 | ) | (22,659,177 | ) |

| Total | (13,890,867 | ) | (7,962,287 | ) | (21,853,154 | ) |

| Premier Plant and Tool Hire Ltd (Registered number: 12460333) |

Notes to the Financial Statements

for the Year Ended 31 January 2026

1. | STATUTORY INFORMATION

| Premier Plant and Tool Hire Ltd 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 Pound Sterling (£).

| The period end was changed from 28 February 2025 to 31 January 2025 so the comparative figures are not entirely comparable.

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.

| Going concern

| As at 31 January 2026, the company had net current liabilities of £3,817,334 compared to net current liabilities of £2,677,909 as at 31 January 2025, as shown in the balance sheet. The company reported net assets of £4,156,977 as at 31 January 2026 compared to net assets of £2,060,767 as at 31 January 2025.

| The directors continue to monitor the company’s cash flow position and financing arrangements closely. The directors have historically met their capital and interest repayment obligations and are satisfied that the company’s existing financing arrangements will enable it to continue meeting its obligations as they fall due.

| Based on the above, the directors are confident of the company’s ability to continue as a going concern, the company is expected to have adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on the going concern basis.

| Critical accounting judgements and key sources of estimation uncertainty

| The preparation of financial statements requires the company's directors to make judgements, assumptions and estimates that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.The estimates and underlying assumptions are reviewed on a regular basis.

| The company does not have any key assumptions concerning the future, or other key sources of estimation uncertainty in the reporting period that may have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

| Notwithstanding this, the company's activities are reliant on its fixed assets and the company is required to make estimates in accounting for depreciation and calculating each fixed asset's carrying value at period end. These estimates may depend upon the outcome of future events and may need to be revised as circumstances change.

| Turnover

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

| For the plant and machinery hire element of the business, turnover is recognised over the period in which the equipment is hired to a third party.

| When the business sells its goods to a third party, turnover is recognised at the point of delivery.

| Premier Plant and Tool Hire Ltd (Registered number: 12460333) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

2. | ACCOUNTING POLICIES - continued

| 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 |  | - |  | 20% on cost |  |

| Plant and machinery |  | - |  | 10% - 20% on cost |  |

| Fixtures and fittings |  | - |  | 20% on cost |  |

| Motor vehicles |  | - |  | 25% reducing balance |  |

| Motor vehicles for hire |  | - |  | 25% reducing balance |  |

| Computer equipment |  | - |  | 33% on cost |  |

| The expected useful lives of assets are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

| Stocks

| Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the purchase on a first-in, first-out basis.

| At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to sell and an impairment charge is recognised in the Statement of Comprehensive Income.

| 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.

| 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.

| 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 shorter.

| The interest element of their obligations is charged to the 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.

| Premier Plant and Tool Hire Ltd (Registered number: 12460333) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

2. | ACCOUNTING POLICIES - continued

| Government grants

| Government grants receivable in relation to expenditure is recognised when the expenditure is charged to profit or loss.

3. | TURNOVER

| The company's revenue for the year from continuing operations is as follows:

|  | 31.01.26 |  |  | 31.01.25 |

| as |  |

| restated |  |

|  | £ |  |  | £ |

| Rendering of services |  | 13,008,302 |  |  | 5,888,904 |

| Sale of goods |  | 5,203,209 |  |  | 3,993,355 |

4. | EMPLOYEES AND DIRECTORS

| Period

| 1.3.24

| Year Ended |  | to

| 31.1.26 |  | 31.1.25

| as | restated |

£ | £ |

| Wages and salaries | 1,623,662 |  | 743,503 |  |

| Social security costs | 199,430 |  | 73,407 |  |

| Other pension costs | 68,328 |  | 49,911 |  |

1,891,420 |  | 866,821 |  |

| The average number of employees during the year was as follows:

| Period

| 1.3.24

| Year Ended |  | to

| 31.1.26 |  | 31.1.25

| as | restated |

| Staff | 40 |  | 24 |  |

| Directors | 2 |  | 2 |  |

42 |  | 26 |  |

| Period

| 1.3.24

| Year Ended |  | to

| 31.1.26 |  | 31.1.25

| as | restated |

£ | £ |

| Directors' remuneration | 24,912 |  | 71,124 |  |

| Directors' pension contributions to money purchase schemes | 39,600 |  | 36,300 |  |

| Premier Plant and Tool Hire Ltd (Registered number: 12460333) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

4. | EMPLOYEES AND DIRECTORS - continued

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 1 |  | 1 |  |

5. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| Period

| 1.3.24

| Year Ended |  | to

| 31.1.26 |  | 31.1.25

| as | restated |

£ | £ |

| Hire of plant and machinery | 724,052 |  | 578,732 |  |

| Other operating leases | 175,000 |  | 133,333 |  |

| Depreciation - owned assets | 509,264 |  | 256,502 |  |

| Depreciation - assets on hire purchase contracts and finance leases | 2,996,176 |  | 1,497,036 |  |

| Loss/(profit) on disposal of fixed assets | 2,500 |  | (47,253 | ) |

| Auditors' remuneration | 16,000 |  | - |  |

| Government grants - revenue in nature | (1,865 | ) | (1,125 | ) |

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| Period

| 1.3.24

| Year Ended |  | to

| 31.1.26 |  | 31.1.25

| as | restated |

£ | £ |

| Loan interest | 20,737 |  | 45 |  |

| Hire purchase interest | 1,427,412 |  | 759,932 |  |

| Leasing interest | 1,188 |  | 1,778 |  |

1,449,337 |  | 761,755 |  |

7. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| Period

| 1.3.24

| Year Ended |  | to

| 31.1.26 |  | 31.1.25

| as | restated |

£ | £ |

| Deferred tax | 717,298 |  | 249,724 |  |

| Tax on profit | 717,298 |  | 249,724 |  |

| UK corporation tax has been charged at 25% (2025 - 25%).

| Premier Plant and Tool Hire Ltd (Registered number: 12460333) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

7. | TAXATION - continued

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

| Period

| 1.3.24

| Year Ended |  | to

| 31.1.26 |  | 31.1.25

| as | restated |

£ | £ |

| Profit before tax | 2,847,768 |  | 981,754 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2025 - 25%) | 711,942 |  | 245,439 |  |

| Effects of:

| Expenses not deductible for tax purposes | 5,356 |  | 4,285 |  |

| recognised |

| Total tax charge | 717,298 |  | 249,724 |  |

8. | DIVIDENDS

|  | 31.1.26 |  |  | 31.1.25 |

| as |  |

| restated |  |

|  | £ |  |  | £ |

| Interim |  | 34,260 |  |  | 22,000 |

| Premier Plant and Tool Hire Ltd (Registered number: 12460333) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

9. | PRIOR YEAR ADJUSTMENT

| Prior year adjustments have been made to correct the fixed assets net book value as at 31 January 2025 and classification of expenditure in the period ended 31 January 2025.

| Below is a summary of the impact of the change in prior year.

| Period |  |

| 1.3.24 |  |

| to |  |

| 31.1.25 |  |

| £ |  |

| Decrease in Tangible fixed assets |  |  | (388,409 | ) |

| Decrease in Creditors due within 1 year |  |  | 389,018 |  |

| Increase in Total assets less current liabilities |  |  | 609 |  |

| Increase in Provisions for liabilities |  |  | (24,525 | ) |

| Total decrease in Retained earnings |  |  | (23,916 | ) |

| Increase in Administrative expenses |  |  | (44,517 | ) |

| Decrease in Cost of sales |  |  | 45,126 |  |

| Increase in Taxation |  |  | (24,525 | ) |

| Decrease in profit for the period |  |  | (23,916 | ) |

10. | TANGIBLE FIXED ASSETS

| Motor |  | Improvements |

| vehicles |  | to |  | Plant and

| for hire |  | property |  | machinery

£ | £ | £ |

| COST

| At 1 February 2025 | 936,437 |  | - |  | 16,176,616 |  |

| Additions | 243,501 |  | 24,704 |  | 13,856,568 |  |

| Disposals | (56,951 | ) | - |  | (1,085,287 | ) |

| At 31 January 2026 | 1,122,987 |  | 24,704 |  | 28,947,897 |  |

| DEPRECIATION

| At 1 February 2025 | 178,749 |  | - |  | 2,660,579 |  |

| Charge for year | 217,574 |  | 760 |  | 2,952,314 |  |

| Eliminated on disposal | (19,679 | ) | - |  | (235,868 | ) |

| At 31 January 2026 | 376,644 |  | 760 |  | 5,377,025 |  |

| NET BOOK VALUE

| At 31 January 2026 | 746,343 |  | 23,944 |  | 23,570,872 |  |

| At 31 January 2025 | 757,688 |  | - |  | 13,516,037 |  |

| Premier Plant and Tool Hire Ltd (Registered number: 12460333) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

10. | TANGIBLE FIXED ASSETS - continued

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 February 2025 | 141,676 |  | 1,173,846 |  | 15,369 |  | 18,443,944 |  |

| Additions | 13,760 |  | 613,236 |  | 4,528 |  | 14,756,297 |  |

| Disposals | (1,087 | ) | (110,134 | ) | (474 | ) | (1,253,933 | ) |

| At 31 January 2026 | 154,349 |  | 1,676,948 |  | 19,423 |  | 31,946,308 |  |

| DEPRECIATION

| At 1 February 2025 | 53,874 |  | 280,940 |  | 6,622 |  | 3,180,764 |  |

| Charge for year | 29,456 |  | 300,337 |  | 4,999 |  | 3,505,440 |  |

| Eliminated on disposal | (145 | ) | (38,398 | ) | (26 | ) | (294,116 | ) |

| At 31 January 2026 | 83,185 |  | 542,879 |  | 11,595 |  | 6,392,088 |  |

| NET BOOK VALUE

| At 31 January 2026 | 71,164 |  | 1,134,069 |  | 7,828 |  | 25,554,220 |  |

| At 31 January 2025 | 87,802 |  | 892,906 |  | 8,747 |  | 15,263,180 |  |

| The net book value of assets held under hire purchase contracts, included above, total £22,653,055 (2025 - £13,846,757).

11. | STOCKS

| 31.1.26 |  | 31.1.25

| as | restated |

£ | £ |

| Stocks | 92,777 |  | 72,945 |  |

| Stock recognised in cost of sales during the year as an expense was £4,630,992 (2025 - £3,673,177).

12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.1.26 |  | 31.1.25

| as | restated |

£ | £ |

| Trade debtors | 4,041,841 |  | 2,423,993 |  |

| Other debtors | 18,349 |  | 222,006 |  |

| Prepayments and accrued income | 215,305 |  | 57,477 |  |

4,275,495 |  | 2,703,476 |  |

| Premier Plant and Tool Hire Ltd (Registered number: 12460333) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.1.26 |  | 31.1.25

| as | restated |

£ | £ |

| Other loans (see note 15) | 174,670 |  | 166,667 |  |

| Hire purchase contracts and finance leases (see note 16) | 6,102,893 |  | 3,917,725 |  |

| Trade creditors | 2,229,875 |  | 1,490,331 |  |

| Social security and other taxes | 375,263 |  | 99,718 |  |

| Other creditors | 6,497 |  | 9,884 |  |

| Accruals and deferred income | 102,431 |  | 7,037 |  |

8,991,629 |  | 5,691,362 |  |

14. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.1.26 |  | 31.1.25

| as | restated |

£ | £ |

| Other loans (see note 15) | 166,668 |  | 333,334 |  |

| Hire purchase contracts and finance leases (see note 16) | 16,214,946 |  | 9,710,173 |  |

16,381,614 |  | 10,043,507 |  |

15. | LOANS

| An analysis of the maturity of loans is given below:

| 31.1.26 |  | 31.1.25

| as | restated |

£ | £ |

| Amounts falling due within one year or on demand:

| Other loans | 174,670 |  | 166,667 |  |

| Amounts falling due between one and two years:

| Other loans - 1-2 years | 166,668 |  | 166,667 |  |

| Amounts falling due between two and five years:

| Other loans - 2-5 years | - |  | 166,667 |  |

| Premier Plant and Tool Hire Ltd (Registered number: 12460333) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

16. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase contracts |  | Finance leases |

| 31.1.26 |  | 31.1.25 |  | 31.1.26 |  | 31.1.25 |

| as restated |  | as restated |

£ | £ | £ | £ |

| Net obligations repayable:

| Within one year | 6,097,854 |  | 3,912,905 |  | 5,039 |  | 4,820 |  |

| Between one and five years | 15,595,207 |  | 9,685,594 |  | 19,540 |  | 24,579 |  |

| In more than five years | 600,199 |  | - |  | - |  | - |  |

22,293,260 |  | 13,598,499 |  | 24,579 |  | 29,399 |  |

| Non-cancellable |

| operating leases |

| 31.1.26 |  | 31.1.25

| as | restated |

£ | £ |

| Within one year | 175,000 |  | 175,000 |  |

| Between one and five years | 742,791 |  | 875,000 |  |

| In more than five years | - |  | 42,791 |  |

917,791 |  | 1,092,791 |  |

17. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.1.26 |  | 31.1.25

| as | restated |

£ | £ |

| Hire purchase contracts and finance leases | 22,317,839 |  | 13,627,898 |  |

| Hire purchase liabilities are repayable monthly over 36-84 months at interest rates of 6-12% per annum and are secured on the assets so acquired.

18. | PROVISIONS FOR LIABILITIES

| 31.1.26 |  | 31.1.25

| as | restated |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 2,021,514 |  | 1,136,037 |  |

| Tax losses carried forward | (823,219 | ) | (655,040 | ) |

1,198,295 |  | 480,997 |  |

| Premier Plant and Tool Hire Ltd (Registered number: 12460333) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

18. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 February 2025 | 480,997 |  |

| Charge to Income Statement during year | 717,298 |  |

| Balance at 31 January 2026 | 1,198,295 |  |

19. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.1.26 |  | 31.1.25

| value: |  | as restated |

£ | £ |

| 204 | Ordinary 'A' | £1 | 204 |  | 204 |  |

| 196 | Ordinary 'B' | £1 | 196 |  | 196 |  |

400 |  | 400 |  |

| All share classes carry full voting rights with no restrictions and have no restrictions on the repayment of capital. The shareholders are entitled to vote an individual dividend on one class of share without the same dividend being voted to any other type of share.

20. | RESERVES

| Called up share capital

| This represents the nominal value of shares that have been issued.

| Retained earnings

| This includes all current and prior period retained profits and losses.

| Share premium

| This represents the excess amount paid for shares above their nominal value.

21. | RELATED PARTY DISCLOSURES

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

| 31.1.26 |  | 31.1.25

| as | restated |

£ | £ |

| Dividends | 34,260 |  | 22,000 |  |

| Key management personnel are the directors of the company.

| Key management remuneration is disclosed in note 4 of the financial statements.

| Premier Plant and Tool Hire Ltd (Registered number: 12460333) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

21. | RELATED PARTY DISCLOSURES - continued

| Other related parties

| 31.1.26 |  | 31.1.25

| as | restated |

£ | £ |

| Sales | 8,327,548 |  | 4,137,005 |  |

| Purchases | 600,421 |  | 247,733 |  |

| Loan advance | - |  | 500,000 |  |

| Loan Repayments | 158,663 |  | - |  |

| Amount due from related party | 1,693,899 |  | 818,677 |  |

| Amount due to related party | 382,282 |  | 549,606 |  |

| Other related parties are companies with common directors.

22. | ULTIMATE CONTROLLING PARTY

| The company's ultimate controlling party is the director, R Hughes.