ACCOUNTS - Final Accounts

Operating profit

The operating profit is stated after charging:

Registered number: SC071830

ROBERT PURVIS PLANT HIRE LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

ROBERT PURVIS PLANT HIRE LIMITED

COMPANY INFORMATION

Directors	Mr R Purvis
	Mr C R Purvis
	Ms L M Purvis
	Mrs J J Hepburn
	Mr R M Garmory


Company secretary	Mr C R Purvis


Registered number	SC071830


Registered office	New Thistle House
	Lochview Industrial Estate
	Lochgelly
	Fife
	KY5 9HG


Independent auditors	Sumer Auditco Limited
	Pentland House
	Saltire Centre
	Glenrothes
	Fife
	KY6 2AH

ROBERT PURVIS PLANT HIRE LIMITED

CONTENTS

	Page
Group strategic report	1 - 2
Directors' report	3 - 4
Independent auditors' report	5 - 7
Consolidated statement of comprehensive income	8
Consolidated statement of financial position	9
Company statement of financial position	10
Consolidated statement of changes in equity	11
Company statement of changes in equity	12
Consolidated statement of cash flows	13 - 14
Consolidated analysis of net debt	14
Notes to the financial statements	15 - 40

ROBERT PURVIS PLANT HIRE LIMITED

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 MARCH 2026

Introduction

The directors have pleasure in presenting their strategic report for the year ended 31 March 2026.

Business review

The principal activity of the Group is hire of plant and machinery, haulage, and recycling services.

The Group’s trading levels have improved over the last year with an increase in turnover and profitability, assisted by improved returns on the sale of used plant. The combination of the various factors has resulted in an operating profit of £1,024,552 against a prior year profit of £710,753.

The Group continues to monitor and control its cashflow requirements, with a net cash position of £1,171,818 at the year end date up from £363,165 in the previous year, with the use of hire purchase agreements to fund the majority of asset purchases.

The directors acknowledge that the forthcoming accounting period will remain challenging due to the continued pressures within the UK economy, and downturn within the construction sector. However, the directors remain optimistic that the Group will continue to trade profitability, further strenthened by the acquisition of Purvis Storage and Distribution Ltd during the year.

The Group’s key performance indicators are that of turnover growth which increased by 12.96% and gross profit which shows an increase of £1,059,972 in the year.

Principal risks and uncertainties

The more significant risks currently impacting the Group arise from the continued inflationary pressures within the UK economy and the downturn within the construction sector.

The directors continue to monitor all risks facing the Group and place emphasis taking appropriate steps to mitigate their impact where possible, whilst providing a safe workplace environment for the Group’s staff and customer base. The directors acknowledge that the risks facing the Group may continue to have an uncertain impact for a prolonged period but consider that Group is well placed to meet those challenges.

In line with other businesses connected to the construction industry, the Group's main commercial risks are the level of construction and house building on-going at any time to generate a requirement for its services. There is the continuing pressure on pricing and the risk associated with the loss of customers to be managed. Those risks which the Group finds itself exposed to are managed by a strong board of directors.

The Group's principal financial instruments comprise bank balances, bank overdrafts and other banking facilities, loans to the Group and hire purchase agreements. The main purpose of these instruments is to finance Group operations.

Due to the nature of the financial instruments used by the Group there is no exposure to price risk. The Group's approach to managing other risks applicable to the financial instruments concerned is detailed below.

In respect of bank balances the liquidity risk is managed by maintaining such flexibility through the use of overdrafts and other banking facilities at floating rates of interest.

In respect of loans these comprise loans from related parties.

In respect of hire purchase agreements, the liquidity risk in respect of these is managed to ensure sufficient funds are available to meet repayments.

Page 1

ROBERT PURVIS PLANT HIRE LIMITED

GROUP STRATEGIC REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

Safety and health, environment and quality

The Group recognises the importance of, and has policies and procedures in place to ensure its environmental, health and safety requirements are met at all times.

This report was approved by the board on 1 September 2026 and signed on its behalf.

Mr C R Purvis

Secretary

Page 2

ROBERT PURVIS PLANT HIRE LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 MARCH 2026

The directors present their report and the financial statements for the year ended 31 March 2026.

Directors' responsibilities statement

The directors are responsible for preparing the Group strategic report, the Directors' report and the consolidated 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 the Group and of the profit or loss of the Group for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the Group'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 Group 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 the Group 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 the Group 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 £417,170 (2025 - £329,891).

Particulars of dividends paid are detailed in the notes to the financial statements.

Directors

The directors who served during the year were:

Mr R Purvis

Mr C R Purvis

Ms L M Purvis

Mrs J J Hepburn

Mr R M Garmory

Page 3

ROBERT PURVIS PLANT HIRE LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

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 and the Group'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 and the Group's auditors are aware of that information.

Auditors

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

This report was approved by the board on 1 September 2026 and signed on its behalf.

Mr C R Purvis

Secretary

Page 4

ROBERT PURVIS PLANT HIRE LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ROBERT PURVIS PLANT HIRE LIMITED

Opinion

We have audited the financial statements of Robert Purvis Plant Hire Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 31 March 2026, which comprise the Consolidated statement of comprehensive income, the , the Consolidated statement of financial position, the Company statement of financial position, the Consolidated statement of cash flows, the Consolidated statement of changes in equity, the Company 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 Group's and of the Parent Company's affairs as at 31 March 2026 and of the Group's 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 Group 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 Group's or the Parent 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 5

ROBERT PURVIS PLANT HIRE LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ROBERT PURVIS PLANT HIRE 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 Group 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 Group 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 Group and the Parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the Parent Company, or returns adequate for our audit have not been received from branches not visited by us; or

∙the Parent Company 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 3, 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 Group's and the Parent 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 Group or the Parent Company or to cease operations, or have no realistic alternative but to do so.

Page 6

ROBERT PURVIS PLANT HIRE LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ROBERT PURVIS PLANT HIRE 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 Group 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:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focused on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management and enquiries of legal counsel. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

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.

Mark Gibson (Senior statutory auditor)

for and on behalf of

Sumer Auditco Limited

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH

1 September 2026

Page 7

ROBERT PURVIS PLANT HIRE LIMITED

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 MARCH 2026

	2026	2025
	£	£


Turnover	4	24,711,363	21,875,956
Cost of sales		(21,975,048)	(20,199,613)
Gross profit		2,736,315	1,676,343
Administrative expenses		(2,487,096)	(1,731,368)
Other operating income	5	775,333	765,778
Operating profit	6	1,024,552	710,753
Interest receivable and similar income	9	7,222	39,331
Interest payable and similar expenses	10	(238,077)	(344,561)
Profit before tax		793,697	405,523
Tax on profit	11	(376,527)	(75,632)
Profit for the financial year		417,170	329,891

Profit for the year attributable to:
Owners of the Parent Company	(417,170)	(329,891)
	(417,170)	(329,891)

There were no recognised gains and losses for 2026 or 2025 other than those included in the consolidated statement of comprehensive income.

There was no other comprehensive income for 2026 (2025:£NIL).

The notes on pages 15 to 40 form part of these financial statements.

Page 8

ROBERT PURVIS PLANT HIRE LIMITED

REGISTERED NUMBER: SC071830

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026

		2026		2025
		£		£

Fixed assets
Intangible assets	14		487,599		178,365
Tangible assets	15		16,338,888		16,508,992
Investments	16		31,430		100
Investment property	17		1,798,465		1,948,465
			18,656,382		18,635,922
Current assets
Stocks	18	318,731		316,196
Debtors: amounts falling due within one year	19	4,883,461		4,189,471
Cash at bank and in hand	20	1,171,818		363,165
		6,374,010		4,868,832
Creditors: amounts falling due within one year	21	(10,110,976)		(9,043,330)
Net current liabilities			(3,736,966)		(4,174,498)
Total assets less current liabilities			14,919,416		14,461,424
Creditors: amounts falling due after more than one year	22		(993,945)		(966,614)
Provisions for liabilities
Deferred taxation	26	(1,991,318)		(1,580,327)
			(1,991,318)		(1,580,327)
Net assets			11,934,153		11,914,483

Capital and reserves
Called up share capital	27	137,000	137,000
Revaluation reserve	28	897,897	897,897
Profit and loss account	28	10,899,256	10,879,586
		11,934,153	11,914,483

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 September 2026.

Mr R Purvis	Mr C R Purvis
Director	Director

The notes on pages 15 to 40 form part of these financial statements.

Page 9

ROBERT PURVIS PLANT HIRE LIMITED

REGISTERED NUMBER: SC071830

COMPANY STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026

		2026		2025
		£		£

Fixed assets
Tangible assets	15		12,565,182		13,306,445
Investments	16		3,352,725		2,172,675
Investment Property	17		1,280,000		1,280,000
			17,197,907		16,759,120
Current assets
Stocks	18	219,681		205,046
Debtors: amounts falling due within one year	19	3,796,820		3,161,220
Cash at bank and in hand	20	352,565		200,000
		4,369,066		3,566,266
Creditors: amounts falling due within one year	21	(8,144,929)		(7,350,830)
Net current liabilities			(3,775,863)		(3,784,564)
Total assets less current liabilities			13,422,044		12,974,556

Creditors: amounts falling due after more than one year	22		(874,576)		(673,655)
Provisions for liabilities
Deferred taxation	26	(1,660,915)		(1,412,184)
			(1,660,915)		(1,412,184)
Net assets			10,886,553		10,888,717

Capital and reserves
Called up share capital	27	137,000	137,000
Revaluation reserve	28	863,204	863,204
Profit and loss account	28	9,886,349	9,888,513
		10,886,553	10,888,717

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 September 2026.

Mr R Purvis	Mr C R Purvis
Director	Director

The notes on pages 15 to 40 form part of these financial statements.

Page 10

ROBERT PURVIS PLANT HIRE LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2026

	Called up share capital	Revaluation reserve	Profit and loss account	Equity attributable to owners of Parent Company	Total equity
	£	£	£	£	£
At 1 April 2025	137,000	897,897	10,879,586	11,914,483	11,914,483

Profit for the year	-	-	417,170	417,170	417,170
Dividends: Equity capital	-	-	(397,500)	(397,500)	(397,500)
At 31 March 2026	137,000	897,897	10,899,256	11,934,153	11,934,153

The notes on pages 15 to 40 form part of these financial statements.

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2025

	Called up share capital	Revaluation reserve	Profit and loss account	Equity attributable to owners of Parent Company	Total equity
	£	£	£	£	£
At 1 April 2024	137,000	897,897	10,987,195	12,022,092	12,022,092

Profit for the year	-	-	329,891	329,891	329,891
Dividends: Equity capital	-	-	(437,500)	(437,500)	(437,500)
At 31 March 2025	137,000	897,897	10,879,586	11,914,483	11,914,483

The notes on pages 15 to 40 form part of these financial statements.

Page 11

ROBERT PURVIS PLANT HIRE LIMITED

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2026

	Called up share capital	Revaluation reserve	Profit and loss account	Total equity
	£	£	£	£
At 1 April 2025	137,000	863,204	9,888,513	10,888,717

Profit for the year	-	-	395,336	395,336
Dividends: Equity capital	-	-	(397,500)	(397,500)
At 31 March 2026	137,000	863,204	9,886,349	10,886,553

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2025

	Called up share capital	Revaluation reserve	Profit and loss account	Total equity
	£	£	£	£
At 1 April 2024	137,000	863,204	10,147,047	11,147,251

Profit for the year	-	-	178,966	178,966
Dividends: Equity capital	-	-	(437,500)	(437,500)
At 31 March 2025	137,000	863,204	9,888,513	10,888,717

The notes on pages 15 to 40 form part of these financial statements.

Page 12

ROBERT PURVIS PLANT HIRE LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2026

			2026	2025
			£	£

Cash flows from operating activities
Profit for the financial year	417,170	329,891
Adjustments for:
Amortisation of intangible assets	133,841	34,907
Depreciation of tangible assets	4,777,212	4,432,967
Loss on disposal of tangible assets	(1,449,706)	(585,957)
Interest paid	238,077	344,561
Interest received	(7,222)	(39,331)
Taxation charge	376,527	75,632
(Increase)/decrease in stocks	(2,535)	98,708
(Increase)/decrease in debtors	(19,851)	264,263
Increase/(decrease) in creditors	1,269,857	(493,400)
Corporation tax received/(paid)	65,000	(240,000)
Net cash generated from operating activities	5,798,370	4,222,241

Cash flows from investing activities
Purchase of intangible fixed assets	(19,574)	-
Purchase of tangible fixed assets	(4,734,508)	(4,699,460)
Sale of tangible fixed assets	2,148,904	893,452
Investment cost of subsidiary	(1,400,000)	-
Purchase of trade investments	(50)	-
Cash on acquisition of subsidiary	463,834	-
Interest received	7,222	39,331
HP interest paid	(215,334)	(268,137)
Net cash from investing activities	(3,749,506)	(4,034,814)

Page 13

ROBERT PURVIS PLANT HIRE LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

		2026	2025
		£	£


Cash flows from financing activities
Repayment of loans	(16,838)	(19,097)
Repayment of/new finance leases	(198,420)	(456,497)
Dividends paid	(397,500)	(437,500)
Interest paid	(22,743)	(76,424)
Net cash used in financing activities	(635,501)	(989,518)
Net increase/(decrease) in cash and cash equivalents	1,413,363	(802,091)
Cash and cash equivalents at beginning of year	(241,545)	560,546
Cash and cash equivalents at the end of year	1,171,818	(241,545)

Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand	1,171,818	363,165
Bank overdrafts	-	(604,710)
	1,171,818	(241,545)

FOR THE YEAR ENDED 31 MARCH 2026


At 1 April 2025	Cash flows	Acquisition of subsidiaries	New finance leases	At 31 March 2026
£	£	£	£	£

Cash at bank and in hand	363,165	344,819	463,834	-	1,171,818
Bank overdrafts	(604,710)	604,710	-	-	-
Debt due after 1 year	(5,933)	5,933	-	-	-
Debt due within 1 year	(20,000)	10,905	-	-	(9,095)
Finance leases	(3,813,538)	3,676,851	-	(3,478,431)	(3,615,118)
	(4,081,016)	4,643,218	463,834	(3,478,431)	(2,452,395)

The notes on pages 15 to 40 form part of these financial statements.

Page 14

ROBERT PURVIS PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Robert Purvis Plant Hire Limited is a company limited by shares, incorporated in Scotland. Its registered office is New Thistle House, Lochview Industrial Estate, Lochgelly, Fife, KY5 9HG.

The financial statements are presented in Sterling which is the functional currency of the group and rounded to the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Group's accounting policies (see note 3).

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements.

2.2

Basis of consolidation

The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of financial position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.

Page 15

ROBERT PURVIS PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Consolidated statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

On consolidation, the results of overseas operations are translated into Sterling at rates approximating to those ruling when the transactions took place. All assets and liabilities of overseas operations are translated at the rate ruling at the reporting date. Exchange differences arising on translating the opening net assets at opening rate and the results of overseas operations at actual rate are recognised in other comprehensive income.

Page 16

ROBERT PURVIS PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Group and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Group has transferred the significant risks and rewards of ownership to the buyer;

∙the Group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of turnover can be measured reliably;

∙it is probable that the Group will receive the consideration due under the transaction; and

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

Rendering of services

Turnover 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 turnover can be measured reliably;

∙it is probable that the Group 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 Group 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

Leased assets: the Group as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Page 17

ROBERT PURVIS PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.7

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.

2.8

Borrowing costs

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

2.9

Pensions

Defined contribution pension plan

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group 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 Statement of financial position. The assets of the plan are held separately from the Group in independently administered funds.

2.10

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 tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company and the Group operate and generate income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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;

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

∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

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 reporting date.

Page 18

ROBERT PURVIS PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.11

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of the Group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Consolidated statement of comprehensive income over its useful economic life of 10 years.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Amortisation is provided on the following bases:

				Website	-		3 years
				Goodwill	-		10 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.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property	-	0% - 5% straight line
Plant and machinery	-	20% straight line
Motor vehicles	-	20%-25% straight line
Fixtures and fittings	-	25% straight line
Asset under construction	-	Not depreciated

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.

It is the company's policy to maintain freehold property in good condition and depreciation is only
provided on freehold property, when in the opinion of the directors, the estimated residual value
becomes less than the book value of the property.

Page 19

ROBERT PURVIS PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.13

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

2.14

Investment property

Investment properties are shown at their fair value. Changes in fair value are recognised in profit or loss.

Properties rented to other group companies are classified as property, plant and equipment (freehold property) and held at historical cost less depreciation and impairment.

2.15

Valuation of investments

Investments in subsidiaries and associates are measured at cost less accumulated impairment.

2.16

Associates and joint ventures

An entity is treated as a joint venture where the Group is a party to a contractual agreement with one or more parties from outside the Group to undertake an economic activity that is subject to joint control.

An entity is treated as an associated undertaking where the Group exercises significant influence in that it has the power to participate in the operating and financial policy decisions.

In the consolidated accounts, interests in associated undertakings are accounted for using the equity method of accounting. Under this method an equity investment is initially recognised at the transaction price (including transaction costs) and is subsequently adjusted to reflect the investors share of the profit or loss, other comprehensive income and equity of the associate. The Consolidated statement of comprehensive income includes the Group's share of the operating results, interest, pre-tax results and attributable taxation of such undertakings applying accounting policies consistent with those of the Group. In the Consolidated statement of financial position, the interests in associated undertakings are shown as the Group's share of the identifiable net assets, including any unamortised premium paid on acquisition.

Any premium on acquisition is dealt with in accordance with the goodwill policy.

2.17

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 20

ROBERT PURVIS PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.18

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.

2.19

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.

In the Consolidated statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.

2.20

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.

2.21

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.

2.22

Financial instruments

The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Group's Statement of financial position when the Group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.23

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.

Page 21

ROBERT PURVIS PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

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

The most significant estimation within the company’s financial statements relates to depreciation, particularly plant and machinery depreciation. The directors review depreciation rates on a regular basis to ensure that the policy rates remain appropriate and fairly charge the cost of fixed assets over their predicted useful lives for each specific category of fixed asset. Although gains on sale of fixed assets are regularly achieved this arises primarily where assets are sold within their useful lives.

Turnover

An analysis of turnover by class of business is as follows:
	2026	2025
	£	£

Plant hire and transport	12,316,550	12,379,936
Haulage and storage income	1,615,216	-
Materials and recycling	10,779,597	9,496,020
	24,711,363	21,875,956

All turnover arose within the United Kingdom.

5.	Other operating income
		2026	2025
		£	£

Rents receivable	737,814	649,976
Management charges receivable	26,170	100,800
Other operating income	11,349	15,002
	775,333	765,778

Amortisation of intangible assets	133,841	34,907
Exchange differences	14,693	996
Audit fees	34,000	24,325
Non audit fees from Auditor	20,200	21,170
Depreciation of tangible fixed assets	4,777,212	4,432,967
Gain on sale of assets	(1,449,706)	(585,957)

Page 22

ROBERT PURVIS PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

7.	Employees
	Staff costs, including directors' remuneration, were as follows:

Group	Group	Company	Company
2026	2025	2026	2025
£	£	£	£


Wages and salaries	7,105,602	6,709,157	4,870,133	4,750,963
Social security costs	984,988	674,159	599,483	493,099
Cost of defined contribution scheme	210,524	183,184	142,599	139,042
	8,301,114	7,566,500	5,612,215	5,383,104

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

	Group	Group	Company	Company
	2026	2025	2026	2025
	No.	No.	No.	No.

Number of administrative staff	14	14	14	14
Number of operatives	154	150	104	110

	168	164	118	124

8.	Directors' remuneration
		2026	2025
		£	£

Directors' emoluments	210,768	206,200
Group contributions to defined contribution pension schemes	32,500	32,500
	243,268	238,700

	During the year retirement benefits were accruing to 3 directors (2025 - 3) in respect of defined contribution pension schemes.
	The highest paid director received remuneration of £79,451 (2025 - £113,991).
	The value of the Group's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £NIL (2025 - £NIL).

The directors are considered to be the company's Key Management Personnel.

Page 23

ROBERT PURVIS PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

9.	Interest receivable
		2026	2025
		£	£

Other interest receivable

7,222

39,331

10.	Interest payable and similar expenses
		2026	2025
		£	£

Bank interest payable	22,493	75,975
Other loan interest payable	250	449
Finance leases and hire purchase contracts	215,334	268,137
	238,077	344,561

Corporation tax
Current tax on profits for the year	88,647	-
Adjustments in respect of previous periods	-	(134)
	88,647	(134)

Total current tax	88,647	(134)

Deferred tax
Origination and reversal of timing differences	111,879	(119,821)
Prior year adjustments	(426)	-
Deferred tax on losses	176,501	195,396
Short term differences	(74)	191
Total deferred tax	287,880	75,766


	Tax on profit	376,527	75,632

Page 24

ROBERT PURVIS PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

11.Taxation (continued)

Profit on ordinary activities before tax

793,697

405,523

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2025 - 25%)	198,424	101,381
Effects of:
Expenses not deductible for tax purposes	62,065	14,472
Adjustments to tax charge in respect of prior periods	(426)	(42,994)
Depreciation on non-qualifying assets	1,312	2,773
Other differences leading to an increase (decrease) in the tax charge	115,152	-
Total tax charge for the year	376,527	75,632

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

12.	Dividends
		2026	2025
		£	£

Equity dividends on ordinary shares

397,500

437,500

13.	Parent company profit for the year

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements. The profit/(loss) after tax of the parent Company for the year was £395,336 (2025 - £178,966).

Page 25

ROBERT PURVIS PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

14.	Intangible assets
	Group

	Website	Goodwill	Total
	£	£	£
Cost
At 1 April 2025	-	349,072	349,072
Additions	19,574	423,501	443,075
At 31 March 2026	19,574	772,573	792,147
Amortisation
At 1 April 2025	-	170,707	170,707
Charge for the year on owned assets	4,896	128,945	133,841
At 31 March 2026	4,896	299,652	304,548
Net book value
At 31 March 2026	14,678	472,921	487,599
At 31 March 2025	-	178,365	178,365

The Company has no intangible assets.

Page 26