REGISTERED NUMBER: 12702837 (England and Wales)

MIDA Holdings Limited

Group Strategic Report, Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31st March 2026

Page

Company Information

1

Group Strategic Report

2

to

5

Report of the Directors

6

to

7

Report of the Independent Auditors

8

to

11

Consolidated Income Statement

12

Consolidated Other Comprehensive Income

13

Consolidated Balance Sheet

14

Company Balance Sheet

15

Consolidated Statement of Changes in Equity

16

Company Statement of Changes in Equity

17

Consolidated Cash Flow Statement

18

Notes to the Consolidated Financial Statements

19

to

30

DIRECTORS:

M R Clorley

D D Murphy

REGISTERED OFFICE:

310 Wellingborough Road

Northampton

Northamptonshire

NN1 4EP

REGISTERED NUMBER:

12702837 (England and Wales)

AUDITORS:

Cheney & Co

Statutory Auditor

310 Wellingborough Road

Northampton

NN1 4EP

The directors present their strategic report of the company and the group for the year ended 31st March 2026.

REVIEW OF BUSINESS

The Group delivered a resilient performance during the year despite continued uncertainty across the UK residential construction and public infrastructure markets. Market conditions remained influenced by interest rate pressures, planning delays, inflationary cost challenges, constrained public expenditure and varying levels of customer confidence. Against this backdrop, the Group maintained its focus on sustainable and profitable growth, stringent working capital management, operational excellence and long-term value creation.

The Group's principal activities comprise residential groundworks and civil engineering, and infrastructure civil engineering, and the provision of plant and equipment to support project delivery. The complementary capabilities of the Group's businesses provide operational resilience, support the efficient deployment of resources and enable the Group to serve a broader range of customers and markets.

The Directors regard revenue, gross profit margin, profit before taxation and working capital management and liquidity as the key financial performance indicators of the Group. The Board also closely monitors health and safety performance, build quality, environmental stewardship, employee engagement and client satisfaction as key non-financial indicators of the Group's performance, reputation and long-term success.

The MIDA Group of companies has had a successful financial period with consolidated turnover achieved in the twelve-month period to 31st March 2026 of £134.9million and a profit before taxation of £9.4 million. The reporting period saw significant progress across both MIDA Civils and Environ Civils, with turnover increasing by 80% and 124% respectively. The Directors are particularly encouraged that this growth was accompanied by robust profitability, reflecting the strength of the Group's business model and its ability to scale operations sustainably.

The below ratios and key performance indicators show sustainable growth in the business, indicating the continued growth and strength of the group.

12 months to 31.03.2026

12 months to 31.03.2025

9 months to 30.06.2024

12 months to 30.06.2023

STATISTICS

Thousands £'s

Thousand £'s

Thousand £'s

Thousand £'s

Sales

134,907

72,327

60,796

34,222

Gross profit

15,798

9,384

8,378

4,846

Net profit before tax

9,492

5,077

5,179

3,086

Trade debtors

24,294

13,455

8,216

5,865

Trade creditors

19,715

10,305

6,219

3,885

Trade purchases

113,234

59,026

49,765

27,772

RATIOS

Percentage

Percentage

Percentage

Percentage

Gross profit

11.71

12.97

13.78

14.16

Net profit before tax

7.04

7.02

8.52

9.02

In the period, the group balance sheet fixed assets have increased by £5.2million, following continued growth of the MIDA Plant fleet of assets, demonstrating the continued strengthening of the group consolidated balance sheet and confidence in the long-term stability of the Group of businesses. The Directors remain committed to maximising retained earnings as a core financial principle, recognising that the reinvestment of profits strengthens the Company's balance sheet, supports long-term sustainable growth, and enhances its ability to capitalise on future strategic opportunities.

During the year, the Group continued to invest in its organisational capability, people, plant and machinery, governance, reporting, operational controls and digital systems. These investments are intended to strengthen the Group's capacity, improve management information and decision making, and support controlled long-term growth.

The Group continued to secure work from established customers while developing new relationships and opportunities across its chosen markets. The Board remains focused on disciplined contract selection, margin protection, effective cash collection and the maintenance of a balanced forward order book.

The Directors are satisfied with the overall progress made during the year and consider the Group to be well positioned to respond to future opportunities while maintaining a prudent approach to risk, capital allocation and financial resilience.

PRINCIPAL RISKS AND UNCERTAINTIES

The Board recognises that the Company operates within a dynamic and competitive environment and therefore continually reviews the principal risks affecting the business.

Market and Economic Risk

Demand within the residential construction and national infrastructure markets can be impacted by fluctuations in economic conditions, government, housebuilder and Tier 1 contractor confidence, mortgage affordability and planning activity.

The Group mitigates these risks through maintaining strong client relationships, monitoring market conditions, disciplined tendering procedures and maintaining a diversified portfolio of projects and customers.

Profitability Risk

The Company remains exposed to inflationary pressures affecting labour, materials, subcontractors and operational costs.

This risk is managed through robust commercial governance, detailed project forecasting, effective procurement practices and regular monitoring of project performance throughout contract delivery.

Credit Risk

The main asset from which credit risk may materialise is trade debtors failing to discharge an obligation. The business reduces the risk through sales ledger risk management policies including credit insurance and regular credit control review.

Liquidity and Working Capital Risk

Maintaining appropriate levels of cash and working capital is essential within the construction industry due to the timing differences between expenditure and customer receipts.

The Directors actively monitor cash flow forecasts, debtor collections, funding requirements and liquidity levels to ensure sufficient financial resources are available to support ongoing operations and future growth.

Interest Rate Risk

The company is exposed to interest rate risk through the impact of rate changes on interest bearing borrowings like mortgages and the effect it has on the housing market. The company itself does not have interest bearing assets and liabilities.

Though an uncertain domestic and global political landscape has resulted in relatively high interest rates and subdued residential housing investment, the Directors are confident that the company has enough secured order value to cope with potential market headwinds.

People and Resource Risk

The Company's future success depends upon its ability to attract, develop and retain talented employees and operatives.

To address this risk, the Company continues to invest in its HR capability, employee development, succession planning, leadership capability and workforce engagement initiatives designed to create a positive and rewarding working environment.

Health, Safety, Environmental and Quality Risk

The maintenance of high standards in health and safety, environmental management and quality assurance remains a key business priority. The Company operates a comprehensive management system supported by audits, inspections, training programmes and performance reviews designed to drive continuous improvement and minimise operational risk.

SECTION 172(1) STATEMENT

Directors' statement of compliance with duty to promote the success of the company and the group of which it is the parent company

During the year , the directors have had regard to the matters set out in S172 (1) (a) to (f) of the Companies Act 2006

whilst performing their duties. Whilst making decisions the directors ensure that they have acted in good faith, in a way they believe would promote the success of the Group and the Company for the benefit of its members. Specifically, the directors have considered the following:-

a. The likely consequences of any decision in the long term;

b. The interests of the Group and the Company's employees;

c. The need to foster the Group and the Company's business relationships with suppliers , customers and others;

d. The impact of the operations of the company on the community and the environment;

e. The desirability of the Group and the Company maintaining a reputation for high standards of business conduct; and

f. The need to act fairly between members of the company.

S172(1) (a) The Likely consequences of any decision in the long term

The Directors understand the business and the environment in which it operates. This is key to understanding the likely consequences of any long-term decisions . There is a plan for increased growth in the company's and the group's business in a cautious and risk -managed manner.

S172(1) (b) The interests of the group and company's employees

The directors recognise that the group and company's employees are key to the business and its success.Staff retention is achieved by the prioritising of employee wellbeing such that employees work in a humane, safe and healthy environment which aims to encourage that employees develop to the best of their potential.

S172(1) (c) The need to foster the Group and Company's business relationships with suppliers , customers and others

The directors recognise the importance of relationships with our supply chain and the need to continue to build relationships with our key suppliers. We actively engage with suppliers throughout the year to ensure our respective plans align with one -another.

The Group and Company are committed to maintaining good customer relations and continues to spend considerable time to ensure customer satisfaction.

S172(1) (d) The impact of the Company's operations on the community and the environment

The Company recognise the importance of minimizing the impact of our operations on the community and environment, which is why it is core to our strategy.Adopting an environmental approach to business makes good sense in view of the need to manage climate change and bio-diversity for the future not only of the United Kingdom but also planet Earth.

S172 (1) (e) The desirability of the Company maintaining a reputation for high standards of business conduct

The Group and Company take health and safety and construction industry regulations extremely seriously because of the need to have a good reputation in the construction industry .

S172(1) (f) The need to act fairly between members of Company

The Company is controlled by a two proprietorial manager directors having a 35% each control over the parent company of the group ,MIDA Holdings Limited. , together with two other business investor shareholders who have the remaining 30% influence. A small group of individuals with goal congruent aims makes for a healthy balance of power ensuring transparency and fairness for all members of the company.

RESEARCH & DEVELOPMENTS

The company is always looking into new and innovative ways of carrying out civil engineering and aims to be in the forefront of any new methods or efficiencies which raise the industry standard. The company also acquires new knowledge whilst working through the various challenges encountered on new sites by developing new or improved ways of addressing the issues arising.

HEALTH & SAFETY

The company takes the physical and mental health of its employees seriously and aims to make working for the company a safe and fulfilling experience. It has its own dedicated health and safety team which aim to ensure that the company's trading activities on site and elsewhere are carried out in compliance with UK health and safety legislation and best practice.

GREENHOUSE GAS EMISSIONS, ENERGY CONSUMPTION & ENERGY EFFICIENCY

The Company recognises its responsibility to operate in a manner that minimises environmental impact whilst supporting sustainable development within the communities in which it operates.

Throughout the year, the business continued to focus on initiatives designed to improve environmental performance, reduce emissions and enhance resource efficiency. These initiatives include improvements in operational planning, procurement practices, fleet management and the use of technology to reduce unnecessary travel and resource consumption. The Company remains committed to the continuous development of its environmental management arrangements and the identification of opportunities to improve sustainability performance across all operations.

During the year our group activities contributed towards the following Co2 emissions:

Co2 Emissions

in metric tonnes

Gas & electricity usage

13.46

Plant on construction sites

6,180.39

Transport

1,237.41

The method used to calculate the metric tonnes of Co2 is the volume of energy or fuel usage in kwh or litres respectively multiplied by the appropriate conversion rate to kg of Co2 and then divided by 1000 to arrive at metric tonnes of Co2.

FUTURE DEVELOPMENTS

Whilst economic uncertainty and sector-specific challenges remain, the Directors are encouraged by the strength of the Company's order book, established client base and reputation for delivering high-quality projects. The business enters the new financial year with a strong market position and clear strategic direction.

The Company's focus will remain on sustainable and profitable growth, operational excellence and continued investment in people, systems and governance. Particular attention will be given to enhancing operational efficiency through digital transformation initiatives, strengthening management information and maintaining the disciplined commercial approach that has underpinned the Company's success to date.

The Directors believe that the Company's strong financial position, experienced management team and clear strategic priorities provide a solid foundation for continued long-term growth and value creation for shareholders, employees, customers and wider stakeholders.

Whilst the Directors remain satisfied that the Group is on course to deliver a robust financial performance for the year ending 31 March 2027, they recognise that ongoing geopolitical instability, including the conflict involving Iran, is expected to create cost pressures and market uncertainty that may adversely impact profitability during the current and subsequent financial period. The Directors remain confident that the Group's strong balance sheet, healthy liquidity position and disciplined financial management provide a resilient platform from which to navigate these headwinds.

EMPLOYEE ENGAGEMENT

The Directors recognise that the Company's continued success is dependent upon the commitment, professionalism and expertise of its employees.

The Company remains committed to providing a safe, supportive and inclusive working environment that encourages personal development, collaboration and continuous improvement. Investment in employee training and development continued throughout the year, supporting both operational performance and future succession planning requirements.

Employees are regularly informed of the Company's performance, strategic objectives and key initiatives, and their contribution continues to play a vital role in the delivery of the Company's long-term goals.

ON BEHALF OF THE BOARD:

M R Clorley - Director

30th September 2026

The directors present their report with the financial statements of the company and the group for the year ended 31st March 2026.

DIVIDENDS

During the year to 31st March 2026 interim dividends paid by the holding company amounted to £1,759,924 (2025 - £1,323,053). The directors do not recommend the payment of a final dividend.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st April 2025 to the date of this report.

M R Clorley

D D Murphy

FINANCIAL INSTRUMENTS

The financial risks relating to the company are closely related to those risks identified in the Strategic Report of the company. The company is proactive when managing working capital and liquid funds to meet cash outflows as well as monitoring profitability. It does this by producing quarterly management accounts to keep a check on key liquidity and profitability ratios as well as monitoring the actual results against the budget both for the quarter in question and the cumulative period to date. In this way management control can be exercised by the directors to ensure that risks are anticipated and their potential effects subjected to planned mitigation.

POLITICAL DONATIONS AND EXPENDITURE

There were no political donations made in the period, all donations were for charitable purposes.

STRATEGIC REPORT

The group has chosen in accordance with s.414C (11) Companies Act 2006 to set out in the group and company's strategic report information required by Schedule 7 of the Large and Medium sized Companies and Group's (Accounts and Reports) Regulations 2008 to be contained in the directors' report. It has done so in relation to review of the business and research & development and future developments.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and 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 and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	state whether applicable accounting standards 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Cheney & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

M R Clorley - Director

30th September 2026

Opinion

We have audited the financial statements of MIDA Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31st March 2026 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31st 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 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 group's and 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.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the 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 Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept 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 Statement of Directors' Responsibilities set out on page six, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the 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.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatements due to fraud or error; and to respond appropriately to those risks.

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.

Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatement in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

We obtained an understanding of the legal and regulatory frameworks applicable to the company and the sectors in which it operates. We determine that the following laws and regulations were most significant: the Companies Act 2006, UK taxation laws, UK GAAP and health & safety legislation applicable to the construction industry.

We obtained an understanding on how the company is complying with those legal and regulatory frameworks by making inquiries of management. We have discussed with management the specific risk to the company of the liabilities arising from disputes relating to work undertaken by the company, leading to legal liabilities, and have concluded that this risk is small. There has been nothing that has come to light and no instances of legal action against this company in this regard.

The major critical judgement in relation to the company's financial statements is the valuation of the applications for payment, and provisions against these amounts, which are a components of the balance sheet items of trade debtors or trade creditors, as accrued or deferred income, as appropriate, and also reflected in turnover figure in the income statement.

We have undertaken high levels of testing of balances included in the balance sheet and have performed a detailed analytical review of the income statement.

Prior to commencement of the audit staff were briefed on the risk assessment of the susceptibility of the company's financial statements to material misstatement, including how fraud could occur.

At the completion stage of the audit the results of audit tests were re-examined to ensure that they were consistent with our knowledge of the client and did not warrant further investigation of transactions and balances.

We have assessed the susceptibility of the financial statements of the company to material misstatement, including how fraud might occur. Audit procedures performed for the company's accounts and its subsidiaries included:

- identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud;

- understanding how those charged with governance considered and addressed the potential for the override of controls or other inappropriate influence over the financial reporting process;

- challenging assumptions and judgements made by the management in its significant accounting estimates;

- identifying and testing journal entries, in particular any journal entries posted with unusual account combinations; and

- assessing the extent of the compliance with the relevant laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Paul Sparks FCA FCCA (Senior Statutory Auditor)

for and on behalf of Cheney & Co

Statutory Auditor

310 Wellingborough Road

Northampton

NN1 4EP

30th September 2026

TURNOVER

3

134,906,620

72,327,466

Cost of sales

119,108,637

62,943,551

GROSS PROFIT

15,797,983

9,383,915

Administrative expenses

6,431,148

4,247,755

9,366,835

5,136,160

Other operating income

235,888

13,976

OPERATING PROFIT

5

9,602,723

5,150,136

Interest receivable and similar income

246,624

137,593

9,849,347

5,287,729

Interest payable and similar expenses

6

357,322

210,687

PROFIT BEFORE TAXATION

9,492,025

5,077,042

Tax on profit

7

595,924

735,866

PROFIT FOR THE FINANCIAL YEAR

8,896,101

4,341,176

Profit attributable to:

Owners of the parent

8,670,721

4,213,014

Non-controlling interests

225,380

128,162

8,896,101

4,341,176

PROFIT FOR THE YEAR

8,896,101

4,341,176

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

8,896,101

4,341,176

Total comprehensive income attributable to:

Owners of the parent

8,672,721

4,300,444

Non-controlling interests

223,380

40,732

8,896,101

4,341,176

FIXED ASSETS

Tangible assets

10

20,525,959

15,301,911

Investments

11

-

-

20,525,959

15,301,911

CURRENT ASSETS

Stocks

12

715,617

428,332

Debtors

13

27,011,918

14,740,103

Cash at bank and in hand

17,618,438

9,011,355

45,345,973

24,179,790

CREDITORS

Amounts falling due within one year

14

34,790,798

18,416,745

NET CURRENT ASSETS

10,555,175

5,763,045

TOTAL ASSETS LESS CURRENT LIABILITIES

31,081,134

21,064,956

CREDITORS

Amounts falling due after more than one year

15

(9,206,931

)

(7,660,848

)

PROVISIONS FOR LIABILITIES

18

(3,668,656

)

(2,332,739

)

NET ASSETS

18,205,547

11,071,369

CAPITAL AND RESERVES

Called up share capital

19

100

100

Retained earnings

20

17,820,366

10,909,569

SHAREHOLDERS' FUNDS

17,820,466

10,909,669

NON-CONTROLLING INTERESTS

21

385,081

161,700

TOTAL EQUITY

18,205,547

11,071,369

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

M R Clorley - Director

D D Murphy - Director

FIXED ASSETS

Tangible assets

10

6,516,755

6,603,103

Investments

11

72

72

6,516,827

6,603,175

CURRENT ASSETS

Debtors

13

5,064,568

2,944,205

Cash at bank and in hand

14,793

122,505

5,079,361

3,066,710

CREDITORS

Amounts falling due within one year

14

9,830,817

8,001,582

NET CURRENT LIABILITIES

(4,751,456

)

(4,934,872

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,765,371

1,668,303

CREDITORS

Amounts falling due after more than one year

15

(1,114,853

)

(1,156,387

)

PROVISIONS FOR LIABILITIES

18

(260,600

)

(260,600

)

NET ASSETS

389,918

251,316

CAPITAL AND RESERVES

Called up share capital

19

100

100

Retained earnings

20

389,818

251,216

SHAREHOLDERS' FUNDS

389,918

251,316

Company's profit for the financial year

1,898,526

1,498,367

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

M R Clorley - Director

D D Murphy - Director

Called up

share

Retained

Non-controlling

Total

capital

earnings

Total

interests

equity

£

£

£

£

£

Balance at 1st April 2024

100

8,019,608

8,019,708

120,968

8,140,676

Changes in equity

Dividends

-

(1,323,053

)

(1,323,053

)

-

(1,323,053

)

Total comprehensive income

-

4,213,014

4,213,014

40,732

4,253,746

Balance at 31st March 2025

100

10,909,569

10,909,669

161,700

11,071,369

Changes in equity

Dividends

-

(1,759,924

)

(1,759,924

)

-

(1,759,924

)

Total comprehensive income

-

8,670,721

8,670,721

223,380

8,894,101

Balance at 31st March 2026

100

17,820,366

17,820,466

385,080

18,205,546

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st April 2024

100

75,902

76,002

Changes in equity

Dividends

-

(1,323,053

)

(1,323,053

)

Total comprehensive income

-

1,498,367

1,498,367

Balance at 31st March 2025

100

251,216

251,316

Changes in equity

Dividends

-

(1,759,924

)

(1,759,924

)

Total comprehensive income

-

1,898,526

1,898,526

Balance at 31st March 2026

100

389,818

389,918

Cash flows from operating activities

Cash generated from operations

25

14,473,591

5,831,201

Interest paid

(64,990

)

(32,373

)

Interest element of hire purchase payments paid

(292,332

)

(178,314

)

Tax paid

108,242

(284,846

)

Net cash from operating activities

14,224,511

5,335,668

Cash flows from investing activities

Purchase of tangible fixed assets

(8,071,859

)

(5,170,639

)

Sale of tangible fixed assets

349,991

217,376

Interest received

246,624

137,593

Net cash from investing activities

(7,475,244

)

(4,815,670

)

Cash flows from financing activities

New Loan and HP agreements

6,427,890

4,594,762

Loan repayments in year

(34,630

)

(12,152

)

Capital repayments in year

(2,773,520

)

(2,020,375

)

Equity dividends paid

(1,759,924

)

(1,323,053

)

Dividends paid to minority interests

(2,000

)

(87,430

)

Net cash from financing activities

1,857,816

1,151,752

Increase in cash and cash equivalents

8,607,083

1,671,750

Cash and cash equivalents at beginning of year

26

9,011,355

7,339,605

Cash and cash equivalents at end of year

26

17,618,438

9,011,355

1.	STATUTORY INFORMATION

MIDA Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared for the twelve months to 31st March 2026, to align the company to the fiscal year for corporation tax. The figures for the twelve months to 31st March 2026, will be directly comparable to the previous financial statements for the twelve months to the 31st March 2025

Basis of consolidation

The parent company together with its three subsidiaries constitute a medium group. The consolidated group financial statements include the results and balance sheet items of the parent company and its subsidiaries after allowing for consolidation adjustments relating intra-group transactions and intra-group balances.

Critical accounting judgements and key sources of estimation uncertainty

The company makes estimates and assumptions concerning the future. The directors are also required to exercise judgement in the process of applying the company`s accounting policies. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

In preparing these financial statements, the directors have made the following judgements:

Recognition of profit on long - term contracts

Profit recognition is based on an assessment of the overall profitability forecast on individual contracts. Losses are recognised as soon as they are foreseen. Profits are recognised by the directors when the outcome of the contract can be assessed within reasonable certainty. The profit recognised reflects that part of the total profit currently estimated to arise over the duration of the contract that fairly represents the profit attributable to work performed at the accounting date.

Recoverability of trade and other debtors

Trade and other debtors are recognised to the extent that they are judged recoverable. The directors' reviews are performed to estimate the level of provision required for irrecoverable debt. Provisions are made specifically against invoices where recoverability is uncertain.

The directors make allowances for doubtful debts based on an assessment of the recoverability of debtors. Allowances are applied to debtors where events or changes in circumstances indicate that the carrying amounts may not be recoverable. The directors specifically analyse historical bad debts, customer creditworthiness, current economic trends and changes in customer payment terms when making a judgement to evaluate the adequacy of the provision for doubtful debts. Where the expectation is different from the original estimate, such a difference will impact the carrying value of debtors and the charge in the profit and loss account.

Provisions

A provision is recognised when the company has a present legal or constructive obligation as a result of a past event for which it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated. If the effect is material, provisions are determined by discounting the expected future cash flow that reflects the time value of money and the risks specific to the liability.

Whether a present obligation is probable or not requires judgement. The nature and type of risks for these provisions differ, the directors' judgement is applied regarding the nature and extent of obligations in deciding if an outflow of resources is probable or not.