ACCOUNTS - Final Accounts

Auditors' remuneration

During the year, the company obtained the following services from the company's auditors:

Registered number: 08398077

LONDON HIRE COMMUNITY SERVICES LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

LONDON HIRE COMMUNITY SERVICES LIMITED

COMPANY INFORMATION

Directors	M J Barbrook
	N A Donald
	N C Farr
	London Hire Limited


Registered number	08398077


Registered office	185 Manor Road
	Erith
	Kent
	DA8 2AD


Independent auditors	Barnes Roffe Audit Limited
	Chartered Accountants & Statutory Auditor
	Charles Lake House
	Claire Causeway
	Crossways Business Park
	Dartford
	Kent
	DA2 6QA

LONDON HIRE COMMUNITY SERVICES LIMITED

CONTENTS

	Page
Strategic report	1
Directors' report	2 - 3
Independent auditors' report	4 - 7
Statement of comprehensive income	8
Balance sheet	9
Statement of changes in equity	10
Notes to the financial statements	11 - 22

LONDON HIRE COMMUNITY SERVICES LIMITED

STRATEGIC REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

Introduction

The directors present their strategic report for the year ended 31 August 2025.

Business review

The company had a year of consolidation with the introduction of a new management team and reporting structure. During the year all contracts were analysed in detail which resulted in planned restructuring of some of the depots which took place after the year end. The directors are pleased with the progress made, in particular with regard to temporary staff costs, which have laid the foundations for growth and increases in profitability.

Principal risks and uncertainties

The principal risks remain the cost of labour, specifically drivers wages, coupled with competitive prices in the market on contracts.

Financial key performance indicators

The company's key financial and other performance indicators during the year were as follows:
- Turnover, which increased from £18,024,231 to £19,418,082.
- Gross profit margin, decreased marginally due to cost presure to 15.6% compared with 16.3% last year.

This report was approved by the board on 28 August 2026 and signed on its behalf.

N C Farr

Director

Page 1

LONDON HIRE COMMUNITY SERVICES LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

The directors present their report and the financial statements for the year ended 31 August 2025.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the Directors' report 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 for the company's financial statements and then apply them consistently;

∙make judgments 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 to 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.

Results and dividends

The profit for the year, after taxation, amounted to £456,706 (2024 - £215,519).

During the year dividends of £260,000 (2024: £nil) were voted.

Directors

The directors who served during the year were:

M J Barbrook

N A Donald

N C Farr

London Hire Limited

Page 2

LONDON HIRE COMMUNITY SERVICES LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

Engagement with employees

During the year, the policy of providing employees with information about the company has been continued through internal media methods in which employees have also been encouraged to present their suggestions and views on the company's performance. Employees are incentivised where their suggestions lead to cost savings or revenue improvements via payment of bonuses so that they share financially from the savings or profit made. Regular meetings are held between local management and employees to allow a free flow of information and ideas and an annual survey has been initiated to allow employees further opportunity to feedback to management.
Individual departments are regularly involved in discussions about the financial performance of their operation as well as the business as a whole and the competitive environment in which the business operates in. The directors continue to follow prudent strategic decisions safeguarding the performance of the business to the benefit of all employees and their interests.
Employment of people with disabilities
The company takes its responsibilities towards the recruitment of people with a disability seriously; its core product offering and customer base is focussed on improving services to people in society with a disability and we give full consideration to the applications for employment from people with disabilities where the requirements of the job can be adequately fulfilled by their skillsets. Where existing employees are affected by a disability it is the company’s policy wherever practicable and possible to provide continuing employment under normal terms and conditions.
The company will always provide training and career development as well as professional development for employees with disabilities and vulnerabilities wherever appropriate.

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Auditors

The auditors, Barnes Roffe Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board on 28 August 2026 and signed on its behalf.

N C Farr

Director

Page 3

LONDON HIRE COMMUNITY SERVICES LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LONDON HIRE COMMUNITY SERVICES LIMITED

Opinion

We have audited the financial statements of London Hire Community Services Limited (the 'company') for the year ended 31 August 2025, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes, 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 August 2025 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 United Kingdom, including the Financial Reporting Council'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.

Page 4

LONDON HIRE COMMUNITY SERVICES LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LONDON HIRE COMMUNITY SERVICES LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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.

Opinion 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 Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Strategic report and the Directors' report 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 Directors' report.

We have nothing to report in respect of the following matters in relation to which 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 Directors' responsibilities statement set out on page 2, 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 is 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.

Page 5

LONDON HIRE COMMUNITY SERVICES LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LONDON HIRE COMMUNITY SERVICES LIMITED (CONTINUED)

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 an Auditors' report 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with law and regulations, was as follows:
• The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
• We identified the laws and regulations applicable to the company through discussion with directors and other management, and from our commercial knowledge and experience of the relevant sector;
• The specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, are as follows;
o Companies Act 2006
o FRS102
o Health and Safety legislation
o Employment legislation
o Tax legislation
o Vehicle operators regulations
• We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management, reviewing board minutes and inspecting legal correspondence;
• Laws and regulations were communicated within the audit team at the planning meeting, and during the audit as any further laws and regulation were identified. The audit team remained alert to instances of non-compliance throughout the audit; and
We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur by:
• Making enquires of management as to where they consider there was susceptibility to fraud and their knowledge of actual suspected and alleged fraud;
• Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations;
• Reviewing the financial statements and testing the disclosures against supporting documentation;
• Performing analytical procedures to identify any unusual or unexpected trends or anomalies;
• Inspecting and testing journal entries to identify unusual or unexpected transactions;
• Assessing whether judgement and assumptions made in determining significant accounting estimates, were indicative of management bias; and
• Investigating the rationale behind significant transactions, or transactions that are unusual or outside the company’s usual course of business.

Page 6

LONDON HIRE COMMUNITY SERVICES LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LONDON HIRE COMMUNITY SERVICES LIMITED (CONTINUED)

The areas that we identified as being susceptible to misstatement through fraud were:
• Management bias in the estimates and judgements made;
• Management override of controls; and
• Posting of unusual journals or transactions.
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 Auditors' report.

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 an Auditors' report 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.

Jamie Hall (Senior statutory auditor)

for and on behalf of

Barnes Roffe Audit Limited

Chartered Accountants

Statutory Auditor

Charles Lake House

Claire Causeway

Crossways Business Park

Dartford

Kent

DA2 6QA

Date: 28 August 2026

Page 7

LONDON HIRE COMMUNITY SERVICES LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 AUGUST 2025

	2025	2024
Note	£	£


Turnover		19,418,082	18,024,231
Cost of sales		(16,397,509)	(15,094,204)
Gross profit		3,020,573	2,930,027
Administrative expenses		(2,741,407)	(2,590,198)
Operating profit		279,166	339,829
Income from shares in group undertakings		260,000	-
Amounts written off investments		-	(1)
(Loss)/profit on disposal of investments		(1)	-
Interest payable and similar expenses	6	(71,089)	(56,131)
Profit before tax		468,076	283,697
Tax on profit	7	(11,370)	(68,178)
Profit for the financial year		456,706	215,519

There were no recognised gains and losses for 2025 or 2024 other than those included in the statement of comprehensive income.

There was no other comprehensive income for 2025 (2024: £NIL).

The notes on pages 11 to 22 form part of these financial statements.

Page 8

LONDON HIRE COMMUNITY SERVICES LIMITED

REGISTERED NUMBER: 08398077

BALANCE SHEET

AS AT 31 AUGUST 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets			70,262		-
Tangible assets	10		72,807		91,747
Investments	11		2		3
			143,071		91,750
Current assets
Debtors: amounts falling due after more than one year	12	260,000		-
Debtors: amounts falling due within one year	12	2,279,932		3,689,967
Cash at bank and in hand	13	108,221		129,691
		2,648,153		3,819,658
Creditors: amounts falling due within one year	14	(2,144,233)		(3,466,949)
Net current assets			503,920		352,709
Total assets less current liabilities			646,991		444,459
Provisions for liabilities
Deferred tax			(5,826)		-
Net assets			641,165		444,459

Capital and reserves
Called up share capital	16	100	100
Other reserves		500,000	500,000
Profit and loss account		141,065	(55,641)
		641,165	444,459

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

N C Farr

Director

Date: 28 August 2026

The notes on pages 11 to 22 form part of these financial statements.

Page 9

LONDON HIRE COMMUNITY SERVICES LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 AUGUST 2025

	Called up share capital	Other reserves	Profit and loss account	Total equity
	£	£	£	£
At 1 September 2024	100	500,000	(55,641)	444,459

Profit for the year	-	-	456,706	456,706
Dividends: Equity capital	-	-	(260,000)	(260,000)
At 31 August 2025	100	500,000	141,065	641,165

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 AUGUST 2024

	Called up share capital	Other reserves	Profit and loss account	Total equity
	£	£	£	£
At 1 September 2023	100	500,000	(271,160)	228,940

Profit for the year	-	-	215,519	215,519
At 31 August 2024	100	500,000	(55,641)	444,459

The notes on pages 11 to 22 form part of these financial statements.

Page 10

LONDON HIRE COMMUNITY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1.	General information

London Hire Community Services Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is 185 Manor Road, Erith, Kent, DA8 2AD. The principal activity of the company is the provision of specialised passenger transport.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of London Hire Limited as at 31 August 2025 and these financial statements may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

2.3

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources received through its invoice discounting facility to continue in operational existence for the foreseeable future. The directors have no reason to believe that these facilities or support will be withdrawn. Accordingly they continue to adopt the going concern basis in preparing the annual report and accounts.

Page 11

LONDON HIRE COMMUNITY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue 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 and the costs to complete the contract can be measured reliably.

2.5

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.8

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. 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 profit or loss 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.

Page 12

LONDON HIRE COMMUNITY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.10

Invoice discounting

The company discounts its trade debts. The accounting policy is to include trade debtors discounted with recourse under trade debtors due within one year and to record the funds advanced under bank overdrafts within creditors due within one year. Discount fees are charged to the Statement of comprehensive income when payable. Bad debts are borne by the company and charged to the Statement of comprehensive income when reasonably foreseeable.

2.11

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.12

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 13

LONDON HIRE COMMUNITY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.12

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Short-term leasehold property	-	3 years
Fixtures and fittings	-	3 years
Office equipment	-	1-3 years

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 since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.13

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.14

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.15

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.16

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.17

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Page 14

LONDON HIRE COMMUNITY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.18

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of the financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.19

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

a) Critical judgements in applying the company's accounting policies:
There were no significant judgements exercised by management in the preparation of the financial statements.
b) Key accounting estimates and assumptions:
There were no significant key accounting assumptions made by management in the preparation of the financial statements.

Fees payable to the company's auditors for the audit of the company's financial statements

10,450

9,750

The company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent company.

Page 15

LONDON HIRE COMMUNITY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Wages and salaries	12,621,420	11,203,360
Social security costs	687,705	426,905
Cost of defined contribution scheme	199,224	181,004
	13,508,349	11,811,269

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Employees	588	550

6.	Interest payable and similar expenses
		2025	2024
		£	£

Bank interest payable	71,024	56,131
Other interest payable	65	-
	71,089	56,131

Corporation tax
Adjustments in respect of previous periods	1,632	-

Total current tax	1,632	-

	Deferred tax
	Origination and reversal of timing differences	9,738	68,178


		11,370	68,178

Page 16

LONDON HIRE COMMUNITY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

7.Taxation (continued)

Profit on ordinary activities before tax

468,076

283,697

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	117,019	70,924
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	7,762	-
Capital allowances for year in excess of depreciation	(13,816)	2,013
Utilisation of tax losses	-	(70,009)
Increase or decrease in pension fund prepayment leading to an increase (decrease) in tax	-	(2,928)
Dividends from UK companies	(65,000)	-
Group relief	(45,965)	-
Prior year adjustment	1,632	-
Deferred tax	9,738	68,178
Total tax charge for the year	11,370	68,178

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

8.	Dividends
		2025	2024
		£	£

	Dividends paid	260,000	-
		260,000	-

Page 17

LONDON HIRE COMMUNITY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

9.	Intangible assets

		Computer software
		£
	Cost
	Additions	87,827
	At 31 August 2025	87,827
	Amortisation
	Charge for the year on owned assets	17,565
	At 31 August 2025	17,565
	Net book value
	At 31 August 2025	70,262
	At 31 August 2024	-

Page 18

LONDON HIRE COMMUNITY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

10.	Tangible fixed assets

	Short-term leasehold property	Fixtures and fittings	Total
	£	£	£
Cost or valuation
At 1 September 2024	224,625	68,255	292,880
Additions	88,879	7,846	96,725
Disposals	(18,665)	(44,667)	(63,332)
At 31 August 2025	294,839	31,434	326,273
Depreciation
At 1 September 2024	136,325	64,808	201,133
Charge for the year on owned assets	111,313	4,352	115,665
Disposals	(18,665)	(44,667)	(63,332)
At 31 August 2025	228,973	24,493	253,466
Net book value
At 31 August 2025	65,866	6,941	72,807
At 31 August 2024	88,300	3,447	91,747

11.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 September 2024	3
	Disposals	(1)
	At 31 August 2025	2

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LONDON HIRE COMMUNITY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Subsidiary undertakings
The following were subsidiary undertakings of the company:
Name	Registered office	Class of shares	Holding

	Carts & Carriages Limited	*	Ordinary	100%
	London Hire Services Limited	*	Ordinary	100%

* 185 Manor Road, Erith, Kent, DA8 2AD
The company’s investment in Heart Community Services CIC was dissolved during the year.

12.	Debtors
		2025	2024
		£	£

Due after more than one year
Amounts owed by group undertakings	260,000	-
	260,000	-

					2025	2024
					£	£

Due within one year
Trade debtors	1,412,366	1,881,613
Amounts owed by group undertakings	235,026	1,435,467
Other debtors	3,115	95,743
Prepayments and accrued income	629,425	273,232
Deferred taxation	-	3,912
	2,279,932	3,689,967

13.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	108,221	129,691
Less: bank overdrafts	(472,712)	(1,201,073)
	(364,491)	(1,071,382)

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LONDON HIRE COMMUNITY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

14.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank overdrafts	472,712	1,201,073
Trade creditors	287,941	787,911
Amounts owed to group undertakings	222,986	172,576
Corporation tax	1,797	-
Other taxation and social security	956,679	754,657
Other creditors	48,247	45,188
Accruals and deferred income	153,871	505,544
	2,144,233	3,466,949

Bank overdrafts are secured over the Trade Debtors to which they relate.

15.	Deferred taxation

	2025	2024
	£	£

At beginning of year	3,912	72,090
Charged to profit or loss	(9,738)	(68,178)
At end of year	(5,826)	3,912

The deferred taxation balance is made up as follows:
	2025	2024
	£	£

Accelerated capital allowances	(5,826)	(8,913)
Losses carried forward	-	12,825
	(5,826)	3,912

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LONDON HIRE COMMUNITY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

16.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 - 100) Ordinary shares of £1.00 each	100	100

17.	Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £199,224 (2024 - £181,004). Contributions totalling £20,976 (2024 - £17,810) were payable to the fund at the balance sheet date and are included in creditors.

Not later than 1 year	333,543	240,271
Later than 1 year and not later than 5 years	337,279	430,125
	670,822	670,396

19.	Controlling party

The ultimate parent company is London Hire Limited, a company incorporated in England and Wales with its registered office at 185 Manor Road, Erith, DA8 2AD.

Page 22