REGISTERED NUMBER: 03322262 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2026

FOR

WHC HIRE SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J H Clutterbuck

Mrs L J Roberts

J Clutterbuck

SECRETARY:

Mrs H Clutterbuck

REGISTERED OFFICE:

Chargrove House

Shurdington Road

Shurdington

Cheltenham

Gloucestershire

GL51 4GA

REGISTERED NUMBER:

03322262 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Intangible assets

4

129,070

247,477

Tangible assets

5

18,102,385

11,730,610

Investments

6

25,002

25,002

18,256,457

12,003,089

CURRENT ASSETS

Stocks

173,880

165,600

Debtors

7

4,579,995

2,875,151

Cash at bank and in hand

622,368

179,842

5,376,243

3,220,593

CREDITORS

Amounts falling due within one year

8

7,848,119

5,759,332

NET CURRENT LIABILITIES

(2,471,876

)

(2,538,739

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,784,581

9,464,350

CREDITORS

Amounts falling due after more than one year

9

(9,772,838

)

(5,195,089

)

PROVISIONS FOR LIABILITIES

(1,518,952

)

(787,821

)

NET ASSETS

4,492,791

3,481,440

CAPITAL AND RESERVES

Called up share capital

504

504

Retained earnings

4,492,287

3,480,936

SHAREHOLDERS' FUNDS

4,492,791

3,481,440

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

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

(b)

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

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2026 and were signed on its behalf by:

Mrs L J Roberts - Director

J Clutterbuck - Director

J H Clutterbuck - Director

1.	STATUTORY INFORMATION

WHC Hire Services 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 Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Preparation of consolidated financial statements

The financial statements contain information about WHC Hire Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities. Revenue is recognised with a deposit on hire and then balance on completion of hire, on completion of test and on delivery of goods.

The total turnover of the company for the year has been derived from its principle activity wholly undertaken in the UK.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance and 12.5% on reducing balance

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost and 12.5% on reducing balance

The directors have taken the decision to adjust the depreciation percentage for both motor and plant to 12.5% on a reducing balance method to reflect the higher retained values in the second hand market.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

Financial instruments

Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Historically, the capital allowance and tax regime and ongoing capital expenditure meant that the Directors considered it to be highly unlikely that the accelerated capital allowances will reverse in the foreseeable future. Accordingly, the Directors believed it was not appropriate to increase the deferred tax provision beyond its previous level. The amount of the provision will be reviewed each year in the light of ongoing capital expenditure and any changes to the tax regime.

However, in this financial year, due to the large increase in capital expenditure, and the nature of the current capital allowance structure, the directors believe that an increase in the deferred tax provision of £ 731,131 is warranted.

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

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

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

Going concern

The director have considered the risks and issues concerning the company and it's activities and no material uncertainties that may cast significant doubt about the company's ability of the company to continue as a going concern have been identified by the director.

Provisions

Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2025 - 41 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 May 2025

and 30 April 2026

1,324,717

44,346

1,369,063

AMORTISATION

At 1 May 2025

1,103,216

18,370

1,121,586

Charge for year

110,752

7,655

118,407

At 30 April 2026

1,213,968

26,025

1,239,993

NET BOOK VALUE

At 30 April 2026

110,749

18,321

129,070

At 30 April 2025

221,501

25,976

247,477

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 May 2025

25,799

14,163,293

100,750

1,557,632

15,847,474

Additions

11,999

9,312,289

5,886

297,769

9,627,943

Disposals

-

(2,230,732

)

(7,165

)

(34,341

)

(2,272,238

)

At 30 April 2026

37,798

21,244,850

99,471

1,821,060

23,203,179

DEPRECIATION

At 1 May 2025

975

3,658,509

83,885

373,495

4,116,864

Charge for year

4,627

1,792,011

6,944

161,596

1,965,178

Eliminated on disposal

-

(958,052

)

(7,165

)

(16,031

)

(981,248

)

At 30 April 2026

5,602

4,492,468

83,664

519,060

5,100,794

NET BOOK VALUE

At 30 April 2026

32,196

16,752,382

15,807

1,302,000

18,102,385

At 30 April 2025

24,824

10,504,784

16,865

1,184,137

11,730,610

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 May 2025

and 30 April 2026

25,002

NET BOOK VALUE

At 30 April 2026

25,002

At 30 April 2025

25,002

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

3,008,180

1,312,114

Amounts owed by group undertakings

946,738

914,142

Other debtors

394,917

450,789

Refunds/Overpayments

1,468

-

Directors' loan accounts

109,901

110,377

VAT

38,715

-

Prepayments

80,076

87,729

4,579,995

2,875,151

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other loans

599,049

333,131

Hire purchase contracts and finance leases

4,894,943

4,062,561

Trade creditors

334,576

231,962

Amounts owed to group undertakings

25,002

25,002

Corporation Tax

40,206

53,242

Social security and other taxes

36,984

131,239

VAT

-

24,640

Wages and salaries control

-

13,965

Factored debt

1,894,239

787,181

Pension Control

7,517

21,141

Directors' loan accounts

311

59,976

Accrued expenses

15,292

15,292

7,848,119

5,759,332

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other loans - 2-5 years

564,074

686,212

Hire purchase contracts and finance leases

9,208,764

4,508,877

9,772,838

5,195,089

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts and finance leases

14,103,707

8,571,438

The Bank Loans and mortgage in parent company are secured against the properties Alexandra Way in Tewkesbury, Bath Road in Worcester and Land at the back of Bath Road Worcester and other assets of the company. Containing fixed and floating charges and negative pledge.

The Hire Purchase is secured against the equipment to which it relates, containing fixed and floating charges. The floating charge covers all the property or undertaking of the company.

The company also has a Debenture with Hitachi Capital (UK) PLC which also covers all property or undertaking of the company. The charge contains both fixed and floating charges as well as a negative pledge.

There was a new charged registered on 3 January 2023 on Companies House for Lombard North Central PLC which contains a fixed charge and negative pledge.

There was also a charge registered on Companies House on 20 August 2024 for Carrick Asset Finance Limited which contains a fixed charge and negative pledge.

Also Included within other creditors is amount on finance with Novuna Business Cash flow of £1,894,238 (2025: £787,181).

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2026 and 30 April 2025:

2026

2025

£

£

J H Clutterbuck

Balance outstanding at start of year

110,377

101,619

Amounts advanced

158,548

115,364

Amounts repaid

(159,022

)

(106,606

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

109,903

110,377

J Clutterbuck

Balance outstanding at start of year

-

-

Amounts advanced

29,077

27,000

Amounts repaid

(29,077

)

(27,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Mrs L J Roberts

Balance outstanding at start of year

(59,665

)

(19,334

)

Amounts advanced

91,475

83,923

Amounts repaid

(31,810

)

(124,254

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(59,665

)

Interest is being charged on the above balances at the HMRC approved rate, and there are no set repayment terms.