ACCOUNTS - Final Accounts preparation

OPERATING PROFIT

The operating profit is stated after charging:

Registered number: 13195197

ATKINSON EQUIPMENT GROUP LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

ATKINSON EQUIPMENT GROUP LIMITED

COMPANY INFORMATION

DIRECTORS	C R Atkinson
	S T Pearce
	G R Atkinson
	G P Atkinson


COMPANY SECRETARY	S T Pearce


REGISTERED NUMBER	13195197


REGISTERED OFFICE	Moat Works
	Moat Road
	West Wilts Trading Estate
	Westbury
	Wiltshire
	BA13 4JF


INDEPENDENT AUDITORS	Bishop Fleming Audit Limited
	Chartered Accountants & Statutory Auditors
	10 Temple Back
	Bristol
	BS1 6FL

ATKINSON EQUIPMENT GROUP LIMITED

CONTENTS

	Page
Group strategic report	1 - 2
Directors' report	3 - 4
Independent auditors' report	5 - 8
Consolidated statement of comprehensive income	9
Consolidated statement of financial position	10
Company statement of financial position	11
Consolidated statement of changes in equity	12
Company statement of changes in equity	13
Consolidated statement of cash flows	14 - 15
Notes to the financial statements	16 - 39

ATKINSON EQUIPMENT GROUP LIMITED

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 MARCH 2026

INTRODUCTION

The directors present their strategic report of the Company and Group for the year ended 31 March 2026.

The Company is a holding company, therefore the principal activity is the receipt of group dividends, and payment of dividends to shareholders. The principal activity of the Group in the year under review was that of precision engineers, storage, warehousing, distribution and wholesaling agents.

BUSINESS REVIEW

The Directors are satisfied with the performance for the year with another decent set of results against a backdrop of a continuing challenging economic climate. During this time, the Company has continued to supply its wide and varied customer base with a high level of service with quality products.

Pressures from the supply chain and continued inflationary price influences have been met and dealt with by our strong long standing leadership team of Directors and Operational Senior Management Team. We continue to meet regularly to constantly monitor the situation and act accordingly.

We are a key distributor to many different markets, and we have in the main, maintained continuity of supply of products where possible and we are extremely pleased as a business to have achieved this. We still believe that the economic future remains very uncertain, however, our strong infrastructure leaves us well positioned to deal with whatever may happen next.

As highlighted in previous years, the Board's primary focus, as always, has been in providing top quality service and products to our customers. This determination remains unchanged and is a key element in our success.

Our Group businesses that operate in the same packaging market sector continue to post good results.

With the balance sheet showing a strong position, this asset base will continue to enable the company to push ahead with confidence and look to continue the reinvestment programme in our various Group Companies. In addition, our distribution business's multi depot setup enables us to more efficiently service the UK market, and we continue to benefit from the economies of scale that comes with effective management of this set-up.

RESEARCH AND DEVELOPMENT
Research and Development is something that is constantly being performed by the Group. This can be in relation to potential new products or initiatives that key customers wish us to look at on their behalf.

Within the Packaging Company we are continuing to work with our suppliers about 'greener' alternatives and whilst we are not market-makers we have been made aware of new products as "Sustainable Packaging" which is increasingly important to consumers. We can offer 100% recyclable new plastics, as plastics can be made from strictly controlled renewable raw materials.

FUTURE DEVELOPMENTS
The Group’s future plans include continued investment in its operational infrastructure and the development of its product offering. During the forthcoming financial year, the Group expects to progress the implementation of a new enterprise resource planning (ERP) system, with the objective of enhancing the efficiency of business processes, management information and internal controls. The Group also intends to continue evaluating potential new products and opportunities to broaden its product range in response to customer requirements and market conditions. The directors will continue to monitor the performance of the business and relevant market developments and will assess investment and development opportunities having regard to the Group’s financial resources and longer-term strategic objectives.

Page 1

ATKINSON EQUIPMENT GROUP LIMITED

GROUP STRATEGIC REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

PRINCIPAL RISKS AND UNCERTAINTIES

The Directors have identified the following principal risks and uncertainties affecting the Group:

Market risk: Both the Product and Engineering divisions within the Group are affected by the market price of the stock or raw materials they purchase. There is little control we can directly influence over this other than maintain regular dialogue with our long-standing suppliers.

Also, the Wholesale and Distribution business is affected by the market price of raw materials of both plastic and metal in the products it purchases from our manufacturing suppliers.

Legislative and regulatory risk: In our packaging distribution business, Extended Producer Responsibility (EPR) for packaging came into force on 1 January 2025 and we are still adopting and implementing these new regulations. There are no other new changes that have been introduced, but the Group does monitor any changes in legislative or regulatory risk.

Actions of competitors: We will continue to explore for new products, and our Sales and Marketing teams are initiative-taking in looking for new opportunities especially in markets that we have not previously been involved in.

Operational risks: Cover is in place for the provision of general and fleet insurance for the operational aspects of the business. Much of the Group also has a trade credit insurance policy over its book debts and in conjunction with a strictly controlled credit function we endeavour to minimise the risk of any bad debts.

In respect of our IT infrastructure there are robust controls to safeguard our data, provide backup information in the event of disaster recovery and our hardware and software is monitored periodically.

KEY PERFORMANCE INDICATORS

Although our turnover and gross profit have decreased over the past 12 months, we are happy with the result that has been achieved. The gross margin percentage has fallen over the same period and so has the Profit before tax. As outlined in the Review of the Business section, our strong leadership team will continue to review our customer service standards, and we are continually monitoring our efficiency levels, which may result in changes to the depots out of which customers are serviced.

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

S T Pearce

Director

Date: 9 October 2026

Page 2

ATKINSON EQUIPMENT GROUP LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 MARCH 2026

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

DIRECTORS' RESPONSIBILITIES STATEMENT

The directors are responsible for preparing the Group strategic report, the Directors' report and the consolidated financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Group for that period.

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

∙select suitable accounting policies for the Group's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.

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

RESULTS AND DIVIDENDS

The profit for the year, after taxation, amounted to £427,275 (2025:£978,254).

During the year dividends of £676,830 were declared and paid (2025: £480,118).

DIRECTORS

The directors who served during the year were:

C R Atkinson

S T Pearce

G R Atkinson

G P Atkinson

Page 3

ATKINSON EQUIPMENT GROUP LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

DISCLOSURE OF INFORMATION TO AUDITORS

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

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

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

AUDITORS

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

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

S T Pearce

Director

Date: 9 October 2026

Page 4

ATKINSON EQUIPMENT GROUP LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ATKINSON EQUIPMENT GROUP LIMITED

OPINION

We have audited the financial statements of Atkinson Equipment Group Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 31 March 2026, which comprise the Consolidated statement of comprehensive income, the Consolidated Statement of Financial Position, the Company Statement of Financial Position, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the Group's and of the Parent Company's affairs as at 31 March 2026 and of the Group's profit for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

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

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

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

OTHER INFORMATION

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 5

ATKINSON EQUIPMENT GROUP LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ATKINSON EQUIPMENT GROUP LIMITED (CONTINUED)

OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

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

∙the information given in the Group strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Group strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of the knowledge and understanding of the Group and the Parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group strategic report or the Directors' report.

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

∙adequate accounting records have not been kept by the Parent Company, or returns adequate for our audit have not been received from branches not visited by us; or

∙the Parent Company financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit.

RESPONSIBILITIES OF DIRECTORS

As explained more fully in the Directors' responsibilities statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Group's and the Parent Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Group or the Parent Company or to cease operations, or have no realistic alternative but to do so.

Page 6

ATKINSON EQUIPMENT GROUP LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ATKINSON EQUIPMENT GROUP LIMITED (CONTINUED)

AUDITORS' RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

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

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

We have considered the following:

∙The nature of the industry and sector, control environment and business performance;

∙Results of our enquiries of management and directors in relation to their own identification and assessment of the risks of irregularities within the group and company; and

∙Any matters we identified having obtained and reviewed the Group and Company's documentation of their policies and procedures relating to: identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations.

As a result of these procedures, we have considered the opportunities and incentives that may exist within the organisation for fraud and identified the areas of high risk to be in relation to revenue recognition. In common with all audits under ISAs (UK) we are also required to perform specific procedures to respond to the risk of management override.

We have also obtained an understanding of the legal and regulatory frameworks that the Group and Company operates in, focussing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures within the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, Financial Reporting Standard 102 and UK tax legislation. In addition we considered the provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental for the Group and Company's ability to operate or avoid a material penalty. These include health and safety regulations, employment legislation and data protection laws.

Our audit procedures performed to respond to the risks identified included, but were not limited to:

∙Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

∙Reviewing the financial statement disclosures and testing to supporting documentation to assess the recognition of revenue;

∙Enquiring of management, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud;

∙Identifying and testing journal entries, evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Page 7

ATKINSON EQUIPMENT GROUP LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ATKINSON EQUIPMENT GROUP LIMITED (CONTINUED)

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from an error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.

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

USE OF OUR REPORT

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

Simon Morrison FCA (Senior statutory auditor)

for and on behalf of

Bishop Fleming Audit Limited

Chartered Accountants

Statutory Auditors

10 Temple Back

Bristol

BS1 6FL

12 October 2026

Page 8

ATKINSON EQUIPMENT GROUP LIMITED

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 MARCH 2026


	2026	2025
Note	£	£


Turnover	4	38,667,345	39,667,531
Cost of sales		(28,813,091)	(28,978,809)
Gross profit		9,854,254	10,688,722
Administrative expenses		(8,722,803)	(8,752,860)
Other operating income	5	49,065	83,580
Operating profit	6	1,180,516	2,019,442
Gain arising on liquidation of subsidiary		982	-
Interest receivable and similar income		28,471	44,286
Interest payable and similar expenses	11	(178,206)	(340,449)
Profit before taxation		1,031,763	1,723,279
Tax on profit	12	(604,488)	(745,025)
Profit for the financial year		427,275	978,254

Profit for the year attributable to:
Owners of the Parent Company	427,275	978,254
	427,275	978,254

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

The notes on pages 16 to 39 form part of these financial statements.

Page 9

ATKINSON EQUIPMENT GROUP LIMITED

REGISTERED NUMBER:13195197

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026

		2026		2025
Note		£		£

Fixed assets
Intangible assets	14		435,284		1,654,603
Tangible assets	15		4,466,544		4,576,619
Investments	16		62,143		62,143
			4,963,971		6,293,365
Current assets
Stocks	17	4,905,292		4,801,655
Debtors: amounts falling due within one year	18	6,758,683		6,589,870
Cash at bank and in hand	19	2,996,258		3,453,276
		14,660,233		14,844,801
Creditors: amounts falling due within one year	20	(5,774,564)		(6,654,608)
Net current assets			8,885,669		8,190,193
Total assets less current liabilities			13,849,640		14,483,558
Creditors: amounts falling due after more than one year			(1,771,669)		(2,174,938)
Provisions for liabilities
Deferred taxation		(361,024)		(354,118)
Other provisions	26	(139,000)		(127,000)
			(500,024)		(481,118)
Net assets			11,577,947		11,827,502

Capital and reserves
Called up share capital	27	440	440
Consolidation Reserve	28	1,969,440	1,969,440
Profit and loss account	28	9,608,067	9,857,622
Equity attributable to owners of the Parent Company		11,577,947	11,827,502

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

S T Pearce

Director

Date: 9 October 2026

The notes on pages 16 to 39 form part of these financial statements.

Page 10

ATKINSON EQUIPMENT GROUP LIMITED

REGISTERED NUMBER:13195197

COMPANY STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026

		2026		2025
Note		£		£

Fixed assets
Investments	16		13,507,214		13,507,214
			13,507,214		13,507,214
Current assets
Debtors: amounts falling due within one year	18	111,171		116,605
Cash at bank and in hand	19	184		1,041
		111,355		117,646
Creditors: amounts falling due within one year	20	(1,304,635)		(3,986,507)
Net current liabilities			(1,193,280)		(3,868,861)
Total assets less current liabilities			12,313,934		9,638,353

Creditors: amounts falling due after more than one year			(1,762,804)		(2,123,732)

Net assets			10,551,130		7,514,621

Capital and reserves
Called up share capital	27		440		440
Profit and loss account brought forward		7,514,181		8,093,983
Profit for the year		3,713,339		115,398
Other changes in the profit and loss account		(676,830)		(695,200)
Profit and loss account carried forward			10,550,690		7,514,181
			10,551,130		7,514,621

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

S T Pearce

Director

Date: 9 October 2026

The notes on pages 16 to 39 form part of these financial statements.

Page 11

ATKINSON EQUIPMENT GROUP LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2026

	Called up share capital	Other reserves	Consolidation Reserve	Profit and loss account	Total equity
	£	£	£	£	£
At 1 April 2024	440	348,491	1,969,440	9,339,568	11,657,939

Profit for the year	-	-	-	978,254	978,254
Dividends	-	-	-	(480,118)	(480,118)
Transfer	-	(336,602)	-	336,602	-
Unwinding of discounted loan	-	(11,889)	-	(316,684)	(328,573)

At 1 April 2025	440	-	1,969,440	9,857,622	11,827,502

Profit for the year	-	-	-	427,275	427,275
Dividends	-	-	-	(676,830)	(676,830)
At 31 March 2026	440	-	1,969,440	9,608,067	11,577,947

The notes on pages 16 to 39 form part of these financial statements.

Page 12

ATKINSON EQUIPMENT GROUP LIMITED

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2026

	Called up share capital	Other reserves	Profit and loss account	Total equity
	£	£	£	£
At 1 April 2024	440	113,491	8,093,983	8,207,914

Profit for the year	-	-	115,398	115,398
Dividends	-	-	(480,118)	(480,118)
Transfer	-	(101,602)	101,602	-
Unwinding of discounted loan	-	(11,889)	(316,684)	(328,573)

At 1 April 2025	440	-	7,514,181	7,514,621

Profit for the year	-	-	3,713,339	3,713,339
Dividends	-	-	(676,830)	(676,830)
At 31 March 2026	440	-	10,550,690	10,551,130

The notes on pages 16 to 39 form part of these financial statements.

Page 13

ATKINSON EQUIPMENT GROUP LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2026

			2026	2025
			£	£

Cash flows from operating activities
Profit for the financial year	427,275	978,254
Adjustments for:
Amortisation of intangible assets	1,247,556	1,240,953
Depreciation of tangible assets	645,218	640,170
(Profit) on disposal of tangible assets	(6,290)	(83,221)
Interest paid	178,206	99,222
Interest received	(28,471)	(44,286)
Taxation charge	604,488	745,025
(Increase)/decrease in stocks	(177,917)	424,148
(Increase)/decrease in debtors	(248,101)	687,942
(Decrease) in creditors	(482,622)	(643,249)
Increase in provisions	12,000	12,000
Gain arising on liquidation of subsidiary	(982)	-
Corporation tax (paid)	(613,111)	(939,687)
Net cash generated from operating activities	1,557,249	3,117,271

Cash flows from investing activities
Purchase of tangible fixed assets	(561,127)	(768,191)
Sale of tangible fixed assets	32,274	91,720
Purchase of intangible fixed assets	(28,237)	-
Sale of investment properties	-	500,000
Cash and cash equivalents disposed of on liquidation of subsidiary	(15,106)	-
Interest received	28,471	44,286
HP interest paid	(17,642)	-
Net cash from investing activities	(561,367)	(132,185)

Page 14

ATKINSON EQUIPMENT GROUP LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

		2026	2025
		£	£


Cash flows from financing activities
Repayment of loans	(129,539)	(91,807)
Repayment of other loans	(350,000)	(1,250,204)
Repayment of/new finance leases	(176,658)	(214,740)
Dividends paid	(676,830)	(480,118)
Interest paid	(160,564)	-
Amount introduced by directors	-	67,222
Amount withdrawn by directors	-	(85,982)
Net cash used in financing activities	(1,493,591)	(2,055,629)
Net (decrease)/increase in cash and cash equivalents	(497,709)	929,457
Cash and cash equivalents at beginning of year	3,453,276	2,523,819
Cash and cash equivalents at the end of year	2,955,567	3,453,276

Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand	2,996,258	3,453,276
Bank overdrafts	(40,691)	-
	2,955,567	3,453,276

The notes on pages 16 to 39 form part of these financial statements.

Page 15

ATKINSON EQUIPMENT GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	GENERAL INFORMATION

Atkinson Equipment Group 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

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

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

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

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

The following principal accounting policies have been applied:

2.2

BASIS OF CONSOLIDATION

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

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

2.3

GOING CONCERN

After reviewing the Group's forecasts and projections, which cover the 12-month period from the date of signing the financial statements, the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. The group therefore continues to adopt the going concern basis in preparing its financial statements.

2.4

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

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

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

Page 16

ATKINSON EQUIPMENT GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.ACCOUNTING POLICIES (CONTINUED)

2.5

TURNOVER

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

Sale of goods

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

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

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

∙the amount of turnover can be measured reliably;

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

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

2.6

OPERATING LEASES: THE GROUP AS LESSEE

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

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

2.7

LEASED ASSETS: THE GROUP AS LESSEE

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

2.8

RESEARCH AND DEVELOPMENT

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.

If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

2.9

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

Page 17

ATKINSON EQUIPMENT GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.ACCOUNTING POLICIES (CONTINUED)

2.10

FINANCE COSTS

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

2.11

BORROWING COSTS

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

2.12

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Group in independently administered funds.

2.13

CURRENT AND DEFERRED TAXATION

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

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

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

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

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

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

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

Page 18

ATKINSON EQUIPMENT GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.ACCOUNTING POLICIES (CONTINUED)

2.14

INTANGIBLE ASSETS

GOODWILL

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

OTHER INTANGIBLE ASSETS

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

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

2.15

TANGIBLE FIXED ASSETS

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

Page 19

ATKINSON EQUIPMENT GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.ACCOUNTING POLICIES (CONTINUED)

2.15

TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, or if held under finance lease, over the lease term, whichever is shorter.

The estimated useful lives range as follows:

Freehold land	-	nil
Long-term leasehold property	-	over period of lease
Plant and machinery	-	over 10 years straight line, over 5 years straight line, 20% on reducing balance, 15% on reducing balance and 10% on reducing balance
Motor vehicles	-	over 6 years straight line and 25% on reducing balance
Fixtures and fittings	-	over 3 years straight line, over 7 years straight line, 15% on reducing balance and 10% on reducing balance
Computer equipment	-	20% on reducing balance
Improvements to property	-	over 50 years straight line, over 10 years straight line and 15% on reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

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

The long leasehold building leases vary in length between 78 and 92 years.

Freehold land is not depreciated.

2.16

IMPAIRMENT OF FIXED ASSETS AND GOODWILL

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

2.17

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 20

ATKINSON EQUIPMENT GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.ACCOUNTING POLICIES (CONTINUED)

2.18

STOCKS

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

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

2.19

DEBTORS

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

2.20

CASH AND CASH EQUIVALENTS

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

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

2.21

CREDITORS

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

2.22

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

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

2.23

FINANCIAL INSTRUMENTS

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

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

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

Page 21

ATKINSON EQUIPMENT GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.ACCOUNTING POLICIES (CONTINUED)

2.23

FINANCIAL INSTRUMENTS (CONTINUED)

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Group after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Page 22

ATKINSON EQUIPMENT GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.ACCOUNTING POLICIES (CONTINUED)

2.23

FINANCIAL INSTRUMENTS (CONTINUED)

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flows expire, or are settled, or when the Group transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Group will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Group's contractual obligations expire or are discharged or cancelled.

2.24

DIVIDENDS

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

Page 23

ATKINSON EQUIPMENT GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

3.	JUDGMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

Trade and other debtors - The allowance for doubtful accounts involves significant management judgement and review of individual receivables based on individual customer creditworthiness, current economic trends and analysis of historical bad debts on a portfolio basis.

Stock provisions - Significant estimates are involved in the determination of stock provisions. Management exercise significant judgment in determining whether costs of stock items can be recovered. A provision is made where a loss can be reliably estimated.

Investments - Investments are stated at their historic cost to the company less, where appropriate, impairment provisions for any permanent or temporary diminution in value. The determination of the recoverable amount of an investment involves the use of estimates by management.

TURNOVER

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

Distribution/wholesaling agent	38,667,345	39,667,531
	38,667,345	39,667,531

Analysis of turnover by country of destination:

					2026	2025
					£	£

United Kingdom	38,003,190	39,049,502
Rest of Europe	544,039	571,431
Rest of the world	120,116	46,598
	38,667,345	39,667,531

Page 24

ATKINSON EQUIPMENT GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

5.	OTHER OPERATING INCOME
		2026	2025
		£	£

Sundry income	49,065	33,580
Profit on disposal of fixed asset investments	-	50,000
	49,065	83,580

Hire of plant and machinery	4,680	12,059
Depreciation - owned assets	597,851	573,523
Depreciation - assets on hire purchase contracts	47,367	66,647
Profit on disposal of fixed assets	(6,290)	(83,221)
Goodwill amortisation	1,240,953	1,240,953
Foreign exchange differences	2,902	8,419
Cost of inventories recognised as expense	24,795,994	25,071,766

Fees payable to the Company's auditors for the audit of the consolidated and Parent Company's financial statements	12,500	20,728
Fees payable to the Company's auditors in respect of:
Audit of the Company's subsidiaries	34,000	84,813
Preparation of the statutory accounts	8,700	-
Taxation compliance services	10,500	-

Page 25

ATKINSON EQUIPMENT GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

8.	EMPLOYEES
	Staff costs, including directors' remuneration, were as follows:

		Group	Group
		2026	2025
		£	£


Wages and salaries	5,792,153	5,506,124
Social security costs	693,954	554,957
Cost of defined contribution scheme	394,838	358,920
	6,880,945	6,420,001

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

	2026	2025
	No.	No.

Direct Staff	78	89
Administrative Staff	68	77

	146	166

The Company has no employees other than the directors, who did not receive any remuneration (2025:£NIL)

9.	DIRECTORS' REMUNERATION
		2026	2025
		£	£

Directors' emoluments	181,774	129,143
Group contributions to defined contribution pension schemes	27,492	11,241
	209,266	140,384

	During the year retirement benefits were accruing to 4 directors (2025:4) in respect of defined contribution pension schemes.
	The highest paid director received remuneration of £71,919 (2025:£75,321).
	The value of the Group's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £2,858 (2025:£2,762).

Page 26

ATKINSON EQUIPMENT GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

10.	INTEREST RECEIVABLE
		2026	2025
		£	£

	Other interest receivable	28,471	44,286
		28,471	44,286

11.	INTEREST PAYABLE AND SIMILAR EXPENSES
		2026	2025
		£	£

Loan	146,155	226,822
Hire purchase	17,642	10,849
Bank Loan Interest	-	444
Bank Interest	-	732
Interest payable	14,409	101,602
	178,206	340,449

CORPORATION TAX
Current tax on profits for the year	605,471	727,222
Adjustments in respect of previous periods	(7,889)	-
	597,582	727,222

TOTAL CURRENT TAX	597,582	727,222

DEFERRED TAX
Deferred Tax	6,906	17,803
TOTAL DEFERRED TAX	6,906	17,803


	TAX ON PROFIT	604,488	745,025

Page 27

ATKINSON EQUIPMENT GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

12.TAXATION (CONTINUED)

Profit on ordinary activities before tax

1,031,763

1,723,279

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2025:25%)	257,941	430,820
EFFECTS OF:
Expenses not deductible for tax purposes	335,361	391,026
Capital allowances for year in excess of depreciation	16,648	(62,424)
Income not taxable for tax purposes	(71)	(65,407)
Deferred Tax Movement	2,498	17,803
Adjustments to tax charge in respect of prior periods	(7,889)	-
Chargeable gain	-	33,207
TOTAL TAX CHARGE FOR THE YEAR	604,488	745,025

FACTORS THAT MAY AFFECT FUTURE TAX CHARGES

There were no factors that may affect future tax charges.

13.	DIVIDENDS
		2026	2025
		£	£

	Dividends paid to shareholders	676,830	480,118
		676,830	480,118

Page 28

ATKINSON EQUIPMENT GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

14.	INTANGIBLE ASSETS
	Group

	Development expenditure	Goodwill	Total
	£	£	£
COST
At 1 April 2025	-	3,722,858	3,722,858
Additions	28,237	-	28,237
At 31 March 2026	28,237	3,722,858	3,751,095
AMORTISATION
At 1 April 2025	-	2,068,255	2,068,255
Charge for the year on owned assets	6,603	1,240,953	1,247,556
At 31 March 2026	6,603	3,309,208	3,315,811
NET BOOK VALUE
At 31 March 2026	21,634	413,650	435,284
At 31 March 2025	-	1,654,603	1,654,603

Page 29