Floor Cleaning Machines Limited

	Page
Strategic Report	1—2
Directors' Report	3—4
Independent Auditor's Report	5—8
Statement of Comprehensive Income	9
Balance Sheet	10
Statement of Changes in Equity	11
Notes to the Financial Statements	12—19

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

Review of the Business

Turnover increased during the financial year due to higher service revenue – the company has been successful in obtaining additional service contracts.

The company reports a gross profit of £2,737,649 (2024: £2,306,809). High inflation has had an impact during 2024, particularly within cost of parts. This did not worsen during 2025 so an uplift in gross profit percentage is seen.

The reported profit after tax has increased to £1,126,815 (2024: £930,113).

Floor Cleaning Machines Limited are continually attempting to mitigate cost increases to maintain strong margins.

Principal Risks and Uncertainties

There are a number of principal risks and uncertainties that face the company.

An economic downturn in the UK may adversely affect the revenue and operating results by decreasing the demand for services and the prices the company may charge. To counter this risk the company uses the broad product offering to approach multiple market segments at any one time and has the ability to divert resources into opportunity areas when circumstances dictate.

Any information technology systems failure or disruption, accident, or other interruption or malfunction at any of the group’s distribution centres or offices may impact the group’s ability to manage its operations and distribute its products, affecting revenue and reputation.

The group has robust backup plans in place, in the event of IT systems failure or disruption. There is a flexible distribution model, whereby various distribution centres can service customers in the event of the failure of another distribution centre.

A decline in customer service levels could result in a loss of customers and market share. The business depends on strong brands and any failure to maintain, protect, and enhance its brands could have an adverse effect on its ability to grow the business. Service levels are tracked and form part of the discussions during the businesses’ regular customer reviews.

Some customers may have liquidity issues and ultimately bad debts and credit losses can arise due to non-payment or fraud. Unauthorised, incorrect, or fraudulent payments could be made, leading to financial loss or delays in payment which could adversely affect the relationship with suppliers and lead to a disruption in supply. The company runs extensive credit checking for its account customers and maintains strict credit control over its diversified customer base. Written business procedures exist to prevent fraud and staff are given training in this area as part of their induction process.

The directors monitor these risks on a regular basis and take actions where necessary. Key Performance indicators The development in the main financial

KPI’s was as follows:

- Turnover increased by 13.8% to £9,136,119 (2024: £8,030,596)

- Gross profit % increased to 30.0% (2024: 28.7%)

- Sales per employee in 2025 increased by 4.4% to £149,772 (2024: £143,404)

- Stock days decreased to 53 days (2024: 69 days)

- Debtor days decreased to 72 days (2024: 76 days)

Financial risk management objectives and policies

The company has insignificant currency exposure as the majority of executed transactions are carried out in sterling. The internal treasury function based at the Danish headquarters conducts all hedging and liquidity management. The company does not use derivative financial instruments for any purpose.

Cash flow risk

The internal treasury function monitors cash flow closely and ensure adequate credit lines are in place at all times.

Credit risk

The company’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.

The credit risk on liquid funds is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.

...CONTINUED

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Floor Cleaning Machines Limited

Strategic Report (continued)

For The Year Ended 31 December 2025

Financial risk management objectives and policies - continued

The company has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.

Liquidity risk

In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the company is advised by the internal treasury department.

Future developments

Large parts of the UK economy have been under strain due to inflationary pressure caused by spikes in fuel and freight costs during 2026 and this has also impacted purchased machines and parts costs. Additionally retail and facility management companies have absorbed big increases in labour cost . This could have implications for customers of the business regarding cashflow and viability to continue. The company continues to monitor this situation and is ready to adjust where needed.

The UK economy is expected to see low growth in 2026 and 2026 of around 1.1%. However, Inflation could remain at a persistently higher level, averaging 3.3% in 2026, as higher costs are partially passed through to prices. Therefore, trading conditions may remain difficult.

On behalf of the board

Mr Stewart Dennett

Director

26 August 2026

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Floor Cleaning Machines Limited

Company No. 02721017

Directors' Report For The Year Ended 31 December 2025

Directors' Report

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

Principal Activity

The company's principal activity continues to be that of marketing, selling and servicing of floor cleaning machines.

Dividends

The value of dividends paid amounted to £3,700,000 .

The directors recommended a final dividend of £NIL .

Directors

The directors who held office during the year were as follows:

Mr Stewart Dennett
Mr Dean Crompton
Mr Kris Crompton
Mr Martin Chambers
Mr Reinhard Mayer	Resigned	18/03/2025
Mr Christopher Riau	Resigned	24/06/2026
Mr Carl Bandhold	Appointed	24/03/2025	Resigned	12/05/2026

Approval of reduced disclosures

The company, as a qualifying entity, has taken advantage of the disclosure exemptions in FRS 102 paragraph 1.12.

The company’s’ shareholder has been notified in writing about the intention to take advantage of the disclosure

exemptions and no objections have been received.

The company also intends to take advantage of these exemptions in the financial statements to be issued in the

following year. Objections may be served on the company by Nilfisk Limited, as its immediate parent.

Matters covered in the Strategic Report

Disclosures required under s416(4) of the Companies Act 2006 are commented upon in the Strategic Report as the directors consider them to be of strategic importance to the business.This has done in respect of likely future developments in the business of the company.

Statement of Directors' Responsibilities

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 United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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Floor Cleaning Machines Limited

Directors' Report (continued)

For The Year Ended 31 December 2025

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors

The auditors, Bennett Verby Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr Stewart Dennett

Director

26 August 2026

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Independent Auditor's Report

to the Members of

Floor Cleaning Machines Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Floor Cleaning Machines Limited for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes of 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit/(loss) 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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's 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. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

Floor Cleaning Machines Limited

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 or 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—4, 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.

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Independent Auditor's Report (continued)

to the Members of

Floor Cleaning Machines Limited

Auditor's 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 auditor's 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.

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 laws 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 discussions with directors and other management, and from our commercial knowledge and experience of the industry;

- we focussed on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation;

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit;

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to whether they considered there was susceptibility to fraud, 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

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify and unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias;

- investigated the rationale behind significant or unusual transactions

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- reading the minutes of meetings of those charged with governance;

- enquiring of management as to actual and potential litigation and claims;

- reviewing correspondence with HMRC, relevant regulators and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's 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 that we are required to state to them in an auditor's 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.

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Independent Auditor's Report (continued)

to the Members of

Floor Cleaning Machines Limited

Ian Buckley (FCCA) (Senior Statutory Auditor)

for and on behalf of Bennett Verby Limited , Statutory Auditor

26 August 2026

Bennett Verby Limited

Chartered Certified Accountants

7 St Petersgate

Stockport

Cheshire

SK1 1EB

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Floor Cleaning Machines Limited

Statement of Comprehensive Income

For The Year Ended 31 December 2025

Statement of Comprehensive Income

		2025	2024
	Notes	£	£
TURNOVER	3	9,136,119	8,030,596
Cost of sales		(6,398,470 )	(5,723,787 )

GROSS PROFIT		2,737,649	2,306,809

Administrative expenses		(1,299,572 )	(1,221,827 )

OPERATING PROFIT	4	1,438,077	1,084,982
Profit on disposal of fixed assets		4,367	4,765
Other interest receivable and similar income	9	106,706	165,439
Interest payable and similar charges	10	(2,344 )	(6,388 )

PROFIT BEFORE TAXATION		1,546,806	1,248,798
Tax on Profit	11	(419,991 )	(318,685 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		1,126,815	930,113
OTHER COMPREHENSIVE INCOME FOR THE YEAR		-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR		1,126,815	930,113

The notes on pages 12 to 19 form part of these financial statements.

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Floor Cleaning Machines Limited

Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: 02721017

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	12		100,205		159,187

			100,205		159,187
CURRENT ASSETS
Stocks	13	937,273		1,074,660
Debtors	14	4,035,641		3,995,474
Cash at bank and in hand		125,250		2,551,937

		5,098,164		7,622,071
Creditors: Amounts Falling Due Within One Year	15	(937,667 )		(947,371 )

NET CURRENT ASSETS (LIABILITIES)			4,160,497		6,674,700

TOTAL ASSETS LESS CURRENT LIABILITIES			4,260,702		6,833,887

NET ASSETS			4,260,702		6,833,887

CAPITAL AND RESERVES
Called up share capital	19		1,001		1,001
Share premium account			2,098,143		2,098,143
Profit and Loss Account			2,161,558		4,734,743

SHAREHOLDERS' FUNDS			4,260,702		6,833,887

On behalf of the board

Mr Stewart Dennett

Director

26 August 2026

The notes on pages 12 to 19 form part of these financial statements.

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Floor Cleaning Machines Limited

Statement of Changes in Equity

For The Year Ended 31 December 2025

Statement of Changes in Equity

	Share Capital	Share Premium	Profit and Loss Account	Total
	£	£	£	£
As at 1 January 2024	1,001	2,098,143	5,004,630	7,103,774
Profit for the year and total comprehensive income	-	-	930,113	930,113

Dividends paid	-	-	(1,200,000)	(1,200,000)

As at 31 December 2024 and 1 January 2025	1,001	2,098,143	4,734,743	6,833,887


Profit for the year and total comprehensive income	-	-	1,126,815	1,126,815

Dividends paid	-	-	(3,700,000)	(3,700,000)

As at 31 December 2025	1,001	2,098,143	2,161,558	4,260,702

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Floor Cleaning Machines Limited

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Floor Cleaning Machines Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02721017 . The registered office is Nilfisk House Bowerbank Way, Gilwilly Industrial Estate, Penrith, Cumbria, CA11 9BQ.

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 UK and Republic of Ireland'' and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary

amounts in these financial statements are rounded to the nearest pound.

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 FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows and Section 3 Financial Statement Presentation paragraph 3.17 (d).

2.3. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.4. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	On life of asset
Plant & Machinery	25% Straight Line
Motor Vehicles	20% Straight Line
Fixtures & Fittings	15% Straight Line
Computer Equipment	25% Straight Line

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Floor Cleaning Machines Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts 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 the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.7. Stocks and Work in Progress

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 stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

2.8. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.9. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.10. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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Floor Cleaning Machines Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.11. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.12. Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements and areas of estimation in applying the company’s accounting policies

When preparing the financial statements, the directors make a number of accounting estimates, judgements and assumptions which form the basis for recognition and measurement of assets and liabilities.

The judgements, estimates and assumptions made are based on historical experience and other factors which the directors assess to be reliable, but which, by their nature, are associated with uncertainty and unpredictability. These assumptions may prove incomplete or incorrect, and unexpected events or circumstances may arise.

Critical judgements in applying the company’s accounting policies

In the opinion of the directors there are no critical judgements made by the directors in the preparation of these financial statements.

Key sources of estimation uncertainty

In addition, the directors consider that there are no key sources of estimation uncertainty at the balance sheet date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year.

3. Turnover

Analysis of turnover by class of business is as follows:

	2025	2024
	£	£
Rendering of services	7,832,699	7,061,106
Rental Income	134,859	4,811
Sales of goods	1,168,561	964,679

	9,136,119	8,030,596

Analysis of turnover by geographical market is as follows:

	2025	2024
	£	£
United Kingdom	9,136,119	8,030,596

	9,136,119	8,030,596

4. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Depreciation of tangible fixed assets - owned	62,455	44,014
Depreciation of tangible fixed assets - finance leases and hire purchase contracts	-	44,300

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Floor Cleaning Machines Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	12,400	11,950

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	2,447,322	2,306,279
Social security costs	303,657	246,765
Other pension costs	44,085	44,233

	2,795,064	2,597,277

7. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Office and administration	10	8
Engineers	48	44
Warehouse	3	4

	61	56

8. Directors' remuneration

	2025	2024
	£	£
Emoluments	486,517	449,294

Information regarding the highest paid director was as follows:

	2025	2024
	£	£
Emoluments	238,281	224,647

9. Interest Receivable and Similar Income

	2025	2024
	£	£
Bank interest receivable	100,464	146,067
Interest receivable on taxation	6,242	19,372

	106,706	165,439

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Floor Cleaning Machines Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

10. Interest Payable and Similar Charges

	2025	2024
	£	£
Finance charges payable under finance leases and hire purchase contracts	2,344	6,388

11. Tax on Profit

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

	Tax Rate		2025	2024
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	395,783	321,714
Prior period adjustment			5,218	7,476

			401,001	329,190
Deferred Tax
Deferred taxation			18,990	(10,505 )


Total tax charge for the period			419,991	318,685

The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:

	2025	2024
	£	£
Profit before tax	1,546,806	1,248,798

Tax on profit at 25% (UK standard rate)	386,702	312,200
Goodwill/depreciation not allowed for tax	15,614	22,078
Expenses not deductible for tax purposes	(1,092 )	-
Capital allowances	(5,440 )	(12,564 )
Prior period adjustment	5,218	7,476
Deferred tax from unrecognised tax loss or credit	18,989	(10,505 )

Total tax charge for the period	419,991	318,685

12. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2025	58,707	563,840	760,885	48,407
Additions	-	-	8,184	-
Disposals	(58,707 )	(563,840 )	(56,711 )	(47,074 )

As at 31 December 2025	-	-	712,358	1,333

Depreciation
As at 1 January 2025	58,707	563,840	606,094	44,011

...CONTINUED

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Floor Cleaning Machines Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Provided during the period	-	-	60,368	2,086
Disposals	(58,707 )	(563,840 )	(53,711 )	(45,362 )

As at 31 December 2025	-	-	612,751	735

Net Book Value
As at 31 December 2025	-	-	99,607	598

As at 1 January 2025	-	-	154,791	4,396


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2025	145,828	1,577,667
Additions	-	8,184
Disposals	(126,682 )	(853,014 )

As at 31 December 2025	19,146	732,837

Depreciation
As at 1 January 2025	145,828	1,418,480
Provided during the period	-	62,454
Disposals	(126,682 )	(848,302 )

As at 31 December 2025	19,146	632,632

Net Book Value
As at 31 December 2025	-	100,205

As at 1 January 2025	-	159,187

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Plant & Machinery	-	119,048

13. Stocks

	2025	2024
	£	£
Finished goods and goods for resale	937,273	1,074,660

14. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,806,000	1,678,637
Amounts owed by group undertakings	2,098,143	2,098,143
Other debtors	131,498	218,694

	4,035,641	3,995,474

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Floor Cleaning Machines Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

15. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	27,311
Trade creditors	514,528	549,116
Other creditors	29,975	39,913
Corporation tax	61,139	-
Taxation and social security	255,542	252,031
Accruals and deferred income	76,483	79,000

	937,667	947,371

16. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	27,311

Finance lease obligations totalling £Nil (2024 £27,311) are secured on the related assets acquired under the leases.

17. Deferred Taxation

The provision for deferred tax is made up as follows:

Accelerated Capital Allowances £248 (2024 £19,238).

18. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 January 2025	(19,238 )	(19,238)
Deferred taxation	18,990	18,990

Balance at 31 December 2025	(248 )	(248)

19. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
1,000 Ordinary Shares of £ 1.00 each	1,000	1,000
100 Ordinary B shares of £ 0.01 each	1	1

	1,001	1,001

Both the ordinary and B ordinary shares carry voting rights, and the right to receive any dividends declared on

each class of share. On a return of capital on liquidation or capital reduction or otherwise, any remaining

surplus of assets shall be applied in the following order of priority:

1) firstly, the holders of B ordinary shares are entitled to an amount equal to X * Y/100, where X is:

- £0 if the cumulative EBITDA of the company is less than or equal to £4,000,000; or

- £2,400,000 if the cumulative EBITDA of the company is equal to or exceeds £6,000,000; or

- if the cumulative EBITDA of the company is greater than £4,000,000 but less than £6,000,000, an

amount determined by the formula (CE - 4,000,000) / 2,000,000 * 2,400,000, where CE is the cumulative

EBITDA of the company, and Y is the number of B ordinary shares in issue from time to time, but not to

exceed 100; and

...CONTINUED

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Floor Cleaning Machines Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

19. Share Capital - continued

2) thereafter, in distributing the balance of such assets amongst the holders of ordinary shares in proportion to

the number of ordinary shares held by them respectively.

Cumulative EBITDA means the total of:

A) the earnings before interest, tax, depreciation and amortisation for the company for the year ending 31 May

2020; plus

B) the earnings before interest, tax, depreciation and amortisation for the company for the year ending 31 May

2021.

Shares do not confer any rights of redemption.

Share premium account

A share premium of £767,999 arose in the year ended 31 December 2020 on the issue of 100 £0.01 B ordinary shares at £7,680 per share.

A share premium totalling £1,330,144 over the years ended 31 December 2020 and 31 December 2021 arose on an equity settled share based payment cost relating to an incentive plan covering the period to 31 May 2021.

20. 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.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £44,085 (2024: £44,233).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

21. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	3,700,000	1,200,000

22. Related Party Disclosures

Nilfisk Ltd is the Company's parent company. Other debtors include a loan of £2,098,143 (2024: £2,098,143) to this company, Trade Debtors includes £34,750 (2024: £15,084) due to this company and trade creditors include £81,873 (2024 £98,279) payable to this company.

23. Controlling Parties

The company's ultimate controlling party is Nilfisk Ltd by virtue of their interest in the share capital of the company.

The Company's immediate parent is Nilfisk Ltd, incorporated in the UK and registered address of Nilfisk House,Units 18 & 19, Bowerbank Way, Gilwilly Industrial Estate, Penrith, CA11 9BQ.

The ultimate parent is Nilfisk Holding A/S, incorporated in Denmark and registered address of Marmorvej 8, DK-2100 Copenhagen Ø.

The most senior parent entity producing publicly available financial statements is Nilfisk Holding A/S.

Nilfisk Holding A/S is also the parent of the smallest group in which these financial statements are consolidated. These financial statements are available upon request from Marmorvej 8, DK-2100 Copenhagen Ø.

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