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

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

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

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

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

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.

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.

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.

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

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

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

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

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

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

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

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

)

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.

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.

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