N.M.T. PLANT HIRE LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28TH FEBRUARY 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

R E Ambridge

J D Ambridge

REGISTERED OFFICE:

Telegraph House

Windsor Road

Bedford

Bedfordshire

MK42 9TA

REGISTERED NUMBER:

01401323 (England and Wales)

SENIOR STATUTORY AUDITOR:

A Di Lorenzo FCA

AUDITORS:

HW Bedford Limited

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

FIXED ASSETS

Tangible assets

4

11,587,711

9,685,021

Investments

5

104

104

11,587,815

9,685,125

CURRENT ASSETS

Debtors

6

1,134,198

76,702

Cash at bank

149,493

871,535

1,283,691

948,237

CREDITORS

Amounts falling due within one year

7

2,898,965

2,619,513

NET CURRENT LIABILITIES

(1,615,274

)

(1,671,276

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,972,541

8,013,849

CREDITORS

Amounts falling due after more than one year

8

(6,245,970

)

(4,347,563

)

PROVISIONS FOR LIABILITIES

13

(2,895,106

)

(2,000,893

)

NET ASSETS

831,465

1,665,393

CAPITAL AND RESERVES

Called up share capital

130

130

Retained earnings

831,335

1,665,263

SHAREHOLDERS' FUNDS

831,465

1,665,393

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 27th October 2026 and were signed on its behalf by:

R E Ambridge - Director

1.	STATUTORY INFORMATION

N.M.T. Plant Hire 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 (1A) The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied at all years presented unless otherwise stated.

Significant judgements and estimates

In preparing the financial statements, management has made its best estimates and judgements of certain amounts included in the financial statements. The areas discussed below are considered to be the most critical.

Critical accounting judgements and key sources of estimation uncertainty

Tangible fixed assets

Management apply judgement in assessment of the estimated useful life and residual value of plant and machinery that represents the hire stock of the entity. The resultant depreciation charged to profit and loss is an estimate of the wearing out and consumption of the economic value of the assets in the year.

During 2025 the residual values were revisited for certain asset manufacturers and the values were revised downwards due to the popularity and functionality of the assets. This resulted in extra depreciation charges recognised in 2025. As a result the profit and loss account shows a gross loss for the year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policy adopted for the recognition of turnover is as follows:

Turnover from the hire of plant & machinery is recognised when the services have been performed and invoiced.

Turnover from management charges is recognised on an annual basis for services provided by the parent company to it's subsidiary company.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life less its residual value which is determined by the age, condition and manufacturer. The depreciation charge is over the useful life of the asset less residual value or if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

- 25% on reducing balance and straight line over lease term

Fixtures and fittings

- 25% on reducing balance

Motor vehicles

- 25% on reducing balance and straight line over lease term

Computer equipment

- 33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

All assets and liabilities are considered basic financial instruments and measured at amortised cost.

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 statement of financial position date.

Tax and deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable under operating leases are charged to the statement of comprehensive income on a straight line basis over the period of the lease.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1st March 2025

14,613,411

62,238

96,380

25,527

14,797,556

Additions

4,831,167

-

61,580

1,911

4,894,658

Disposals

(2,519,707

)

-

-

-

(2,519,707

)

At 28th February 2026

16,924,871

62,238

157,960

27,438

17,172,507

DEPRECIATION

At 1st March 2025

4,997,460

59,697

30,116

25,262

5,112,535

Charge for year

1,322,019

625

36,923

463

1,360,030

Eliminated on disposal

(887,769

)

-

-

-

(887,769

)

At 28th February 2026

5,431,710

60,322

67,039

25,725

5,584,796

NET BOOK VALUE

At 28th February 2026

11,493,161

1,916

90,921

1,713

11,587,711

At 28th February 2025

9,615,951

2,541

66,264

265

9,685,021

Cost or valuation at 28th February 2026 is represented by:

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

16,924,871

62,238

157,960

27,438

17,172,507

The net book value of tangible fixed assets includes £ 9,589,160 (2025 - £ 10,209,170 ) in respect of assets held under hire purchase contracts.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st March 2025

and 28th February 2026

104

NET BOOK VALUE

At 28th February 2026

104

At 28th February 2025

104

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed by group undertakings

-

18,436

Other debtors

324,897

-

Tax

809,301

-

VAT

-

58,266

1,134,198

76,702

The deferred tax asset relates to £3,237,204 of taxable losses relating to fixed asset timing differences. The tax of £809,301 has been recognised in the financial statements due to the historical profit making group companies.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 9)

301,449

280,940

Hire purchase contracts (see note 10)

1,267,151

789,118

Trade creditors

-

743,322

Amounts owed to group undertakings

759,835

800,038

VAT

57,026

-

Former directors current accounts

498,775

95

Accruals and deferred income

14,729

6,000

2,898,965

2,619,513

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans (see note 9)

552,107

853,555

Hire purchase contracts (see note 10)

5,693,863

3,494,008

6,245,970

4,347,563

9.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank loans

301,449

280,940

Amounts falling due between two and five years:

Bank loans - 2-5 years

552,107

853,555

10.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2026

2025

£

£

Net obligations repayable:

Within one year

1,267,151

789,118

Between one and five years

5,693,863

3,494,008

6,961,014

4,283,126

The company have 16 separate hire purchase agreements. The annual interest rate varies on these contracts. The lowest annual interest rate is 2.30% and the highest is 6.53%.

11.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

853,556

1,134,495

Hire purchase contracts

6,961,014

4,283,126

7,814,570

5,417,621

Hire purchase agreements are secured against the assets to which they relate.

12.	FINANCIAL INSTRUMENTS

Basic financial liabilities, including trade and other payable, bank loans, loans from group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

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

13.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

2,895,106

2,000,893

Deferred

tax

£

Balance at 1st March 2025

2,000,893

Provided during year

894,213

Balance at 28th February 2026

2,895,106

The deferred tax provision relates to capital allowances claimed in excess of depreciation charged to the profit and loss account.

14.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

A Di Lorenzo FCA (Senior Statutory Auditor)

for and on behalf of HW Bedford Limited

15.	CAPITAL COMMITMENTS

2026

2025

£

£

Contracted but not provided for in the

financial statements

-

1,228,994

16.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year, there were transactions with one of the close family members of the directors. At the year end, a balance of £498,775 (2025: £95l) was payable.

17.	ULTIMATE CONTROLLING PARTY

The company is jointly controlled by its directors, Messrs R Ambridge & J D Ambridge.

The ultimate parent company is N.M.T Group Holdings Limited, a company registered in the UK. Consolidated accounts are prepared by N.M.T Group Holdings Limited and are available at Companies House.