REGISTERED NUMBER: 06434182 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

BADGER VAN HIRE LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,808,275

1,938,834

Investment property

6

461,085

-

2,269,360

1,938,834

CURRENT ASSETS

Stocks

435,437

1,087,724

Debtors

7

6,800

4,900

Cash at bank

53,310

55,531

495,547

1,148,155

CREDITORS

Amounts falling due within one year

8

372,413

659,754

NET CURRENT ASSETS

123,134

488,401

TOTAL ASSETS LESS CURRENT LIABILITIES

2,392,494

2,427,235

CREDITORS

Amounts falling due after more than one year

9

(1,070,886

)

(1,128,111

)

PROVISIONS FOR LIABILITIES

-

(183,129

)

NET ASSETS

1,321,608

1,115,995

CAPITAL AND RESERVES

Called up share capital

11

2

2

Revaluation reserve

276,437

276,437

Retained earnings

1,045,169

839,556

SHAREHOLDERS' FUNDS

1,321,608

1,115,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2026 and were signed on its behalf by:

Mr M W Aldridge - Director

1.	STATUTORY INFORMATION

Badger Van Hire Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06434182

Registered office:

Grenville House

9 Boutport Street

Barnstaple

Devon

EX31 1TZ

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

TURNOVER

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

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 calculated so as to write off the cost of an asset over the useful economic life of that asset as follows:

Plant and Machinery

- 15% on written down value

Fixtures and Fittings

- 15% on written down value

Motor Vehicles

- 20% on written down value

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

STOCKS

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AGREEMENTS

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2025 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

90,000

AMORTISATION

At 1 April 2025

and 31 March 2026

90,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST OR VALUATION

At 1 April 2025

800,000

32,763

13,608

1,558,697

2,405,068

Additions

-

4,100

-

11,499

15,599

Disposals

-

(2,800

)

-

(51,196

)

(53,996

)

At 31 March 2026

800,000

34,063

13,608

1,519,000

2,366,671

DEPRECIATION

At 1 April 2025

-

21,387

12,034

432,813

466,234

Charge for year

-

2,063

236

110,623

112,922

Eliminated on disposal

-

(1,080

)

-

(19,680

)

(20,760

)

At 31 March 2026

-

22,370

12,270

523,756

558,396

NET BOOK VALUE

At 31 March 2026

800,000

11,693

1,338

995,244

1,808,275

At 31 March 2025

800,000

11,376

1,574

1,125,884

1,938,834

Cost or valuation at 31 March 2026 is represented by:

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

Valuation in 2019

800,000

-

-

-

800,000

Cost

-

34,063

13,608

1,519,000

1,566,671

800,000

34,063

13,608

1,519,000

2,366,671

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

Motor

vehicles

£

COST OR VALUATION

At 1 April 2025

1,558,697

Additions

11,499

Disposals

(51,196

)

At 31 March 2026

1,519,000

DEPRECIATION

At 1 April 2025

432,813

Charge for year

110,623

Eliminated on disposal

(19,680

)

At 31 March 2026

523,756

NET BOOK VALUE

At 31 March 2026

995,244

At 31 March 2025

1,125,884

6.	INVESTMENT PROPERTY

Total

£

COST

Additions

461,085

At 31 March 2026

461,085

NET BOOK VALUE

At 31 March 2026

461,085

Investment property is recorded at cost.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Prepayments

6,800

4,900

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

17,940

12,940

Hire purchase contracts

242,540

254,758

Trade creditors

1,202

1,638

Taxation and social security

42,319

50,514

Other creditors

68,412

339,904

372,413

659,754

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

604,911

408,709

Hire purchase contracts

465,975

719,402

1,070,886

1,128,111

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank Loans

599,638

392,954

The loans are secured against the assets of the company.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

2

Ordinary

1

2

2