ACCOUNTS - Final Accounts preparation

An analysis of turnover by class of business is as follows:

Year ended

31 December

9 months ended

31 December

Registered number: 01769089

STOKEY PLANT HIRE LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

STOKEY PLANT HIRE LIMITED

COMPANY INFORMATION

Directors	I M Jones
	S E Jones


Registered number	01769089


Registered office	Halesfield 25
	Telford
	TF7 4FP


Independent auditors	Xeinadin Audit Limited
	Chartered Accountants & Statutory Auditor
	Waterfront One
	Waterfront Business Park
	Brierley Hill
	West Midlands
	DY5 1LX

STOKEY PLANT HIRE LIMITED

CONTENTS

	Page
Strategic report	1 - 2
Directors' report	3 - 4
Independent auditors' report	5 - 8
Statement of comprehensive income	9
Balance sheet	10
Statement of changes in equity	11
Statement of cash flows	12 - 13
Analysis of net debt	14
Notes to the financial statements	15 - 31

STOKEY PLANT HIRE LIMITED

STRATEGIC REPORT

FOR THE PERIOD ENDED 31 DECEMBER 2025

Introduction

The Directors present their Strategic Report for the year ended 31 December 2025.

Business review

The Directors report on a period which despite challenges proved to be a relatively stable financial period.

The company's key performance indicators are as follows:
Turnover: £7.9m v £8.04m, reduced turnover as comparing to a prior period of 9 months
Gross profit: £1.25m v £0.98m, reporting increased profitability based on months in respective periods
Gross profit percentage: 15.7% v 12.3%
Operating profit: £606k v £460k reporting improved operating profits
EBITDA £2.11m v £1.49m
Shareholder funds: £1.028m v £0.987m

The Directors reflect upon a period that has been problematic with general increased costs and the residual internal staffing issues that arose in the prior reporting period impacting upon the business. The Directors are pleased that the company retains an overall strong position, together with assets that will enable it to meet it's customers needs, secured with a stable foundation on which the company can grow and prosper.

Principal risks and uncertainties

The management of the business and the nature of the company's strategy are subject to a number of risks. The Directors have set out below the principal risks facing the business. The Directors are of the opinion that a thorough risk management process is adopted which involves a formal review of all risks identified below. Where possible, processes are in place to mitigate such risks.

Economic downturn
The success of the business is reliant on the needs of civil engineering projects heavy reliable land moving plant and equipment.

Inflation and the cost of living crisis:
Global inflationary pressures that have arisen following the outbreak of the war in Ukraine continue to represent the largest risk to the business. These pressures are seen most clearly in relation to the operating requirments of the plant fleet, being fuel and consumable parts.

Liquidity risk
The Company has large financing requirements relating to its significant operating plant fleet which it operates. The Company has in place sufficient varied means to ensure that this is manageable and cash inflows remain sufficient to finance these requirements, alternative support structures are also available to the Directors. The Directors continually monitor cash flow requirements in order to further manage liquidity risk.

Interest rate risk
Considering the debt profile of the Company, increases in interest rates presents a risk for future finance requirements. The continued policy of regular rate monitoring and ongoing dialogue with our lenders are in place to help mitigate this risk.

With these risks and uncertainties in mind, we are aware that any plans for the future development of the business may be subject to unforeseen future events outside of our control; hence, we are constantly assessing our plans in line with the current environment.

Page 1

STOKEY PLANT HIRE LIMITED

STRATEGIC REPORT (CONTINUED)

FOR THE PERIOD ENDED 31 DECEMBER 2025

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

S E Jones

Director

Date: 5 November 2026

Page 2

STOKEY PLANT HIRE LIMITED

DIRECTORS' REPORT

FOR THE PERIOD ENDED 31 DECEMBER 2025

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

Directors' responsibilities statement

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

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with 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 of the profit or loss of the company for that period.

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

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

∙make judgements 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 company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Principal activity

The principal activity of the company in the year under review was that of renting and leasing of construction and civil engineering machinery and equipment.

Results and dividends

The profit for the Period, after taxation, amounted to £41,184 (2024 - £70,187).

Dividends of £Nil (31 December 2024: £Nil) were paid during the period. The Directors do not recommend payment of a final dividend.

Directors

The directors who served during the Period were:

I M Jones

S E Jones

Page 3

STOKEY PLANT HIRE LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE PERIOD ENDED 31 DECEMBER 2025

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'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's auditors are aware of that information.

Auditors

The auditors, Xeinadin 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 E Jones

Director

Date: 5 November 2026

Page 4

STOKEY PLANT HIRE LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF STOKEY PLANT HIRE LIMITED

Opinion

We have audited the financial statements of Stokey Plant Hire Limited (the 'company') for the Period ended 31 December 2025, which comprise the statement of comprehensive income, the analysis of net debt, the balance sheet, the statement of cash flows, the 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 company's affairs as at 31 December 2025 and of its profit for the Period 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 company 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 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.

Page 5

STOKEY PLANT HIRE LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF STOKEY PLANT HIRE LIMITED (CONTINUED)

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.

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 strategic report and the directors' report for the financial Period for which the financial statements are prepared is consistent with the financial statements; and

∙the 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report.

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

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

∙the financial statements are not in agreement with the accounting records 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 company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Page 6

STOKEY PLANT HIRE LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF STOKEY PLANT HIRE 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 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 gained an understanding of the legal and regulatory framework applicable to the Company and the industry
in which it operates, and considered the risk of acts by the Company which were contrary to applicable laws and
regulations, including fraud. These included but were not limited to compliance with Companies Act 2006, health
& safety legislation and FRS102.

We designed audit procedures to respond to the risks of material misstatement in the financial statements.

We focused on laws and regulations that could give rise to a material misstatement in the Company financial
statements. Our tests included, but were not limited to:

• agreement of the financial statement disclosures to underlying supporting documentation;
• enquires of management; and
• obtaining an understanding of the control environment in monitoring compliance with laws and regulations.

There are inherent limitations in the audit procedures described above 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. We also addressed the risk of management override of internal controls, including
testing journals and evaluating whether there was evidence of bias by the Directors that represented a risk of
material misstatement due to fraud.

We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all 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 auditors' report.

Page 7

STOKEY PLANT HIRE LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF STOKEY PLANT HIRE LIMITED (CONTINUED)

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.

Gavin Whitehouse BSocSc FCA (senior statutory auditor)

for and on behalf of

Xeinadin Audit Limited

Chartered Accountants

Statutory Auditor

Waterfront One

Waterfront Business Park

Brierley Hill

West Midlands

DY5 1LX

5 November 2026

Page 8

STOKEY PLANT HIRE LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE PERIOD ENDED 31 DECEMBER 2025

	Year ended 31 December	9 months ended 31 December
	2025	2024
Note	£	£


Turnover	4	7,942,182	8,037,770
Cost of sales		(6,695,386)	(7,052,904)
Gross profit		1,246,796	984,866
Distribution costs		(12,553)	(21,062)
Administrative expenses		(627,885)	(503,011)
Operating profit	5	606,358	460,793
Interest receivable and similar income	8	-	604
Interest payable and similar expenses	9	(571,174)	(450,210)
Profit before tax		35,184	11,187
Tax on profit	10	6,000	59,000
Profit for the financial Period		41,184	70,187

There were no recognised gains and losses for 2025 or 2024 other than those included in the statement of comprehensive income.

There was no other comprehensive income for 2025 (2024:£NIL).

The notes on pages 15 to 31 form part of these financial statements.

Page 9

STOKEY PLANT HIRE LIMITED

REGISTERED NUMBER: 01769089

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	11		8,955,395		8,250,130
			8,955,395		8,250,130
Current assets
Stocks	12	125,700		123,271
Debtors: amounts falling due within one year	13	2,102,100		3,309,022
Cash at bank and in hand	14	57,464		17,630
		2,285,264		3,449,923
Creditors: amounts falling due within one year	15	(5,439,696)		(6,497,266)
Net current liabilities			(3,154,432)		(3,047,343)
Total assets less current liabilities			5,800,963		5,202,787
Creditors: amounts falling due after more than one year	16		(4,552,511)		(3,989,519)
Provisions for liabilities
Deferred tax	19	(220,000)		(226,000)
			(220,000)		(226,000)
Net assets			1,028,452		987,268

Capital and reserves
Called up share capital	20	332,000	332,000
Profit and loss account	21	696,452	655,268
		1,028,452	987,268

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

S E Jones

Director

Date: 5 November 2026

The notes on pages 15 to 31 form part of these financial statements.

Page 10

STOKEY PLANT HIRE LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31 DECEMBER 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 April 2024	332,000	585,081	917,081
Comprehensive income for the period
Profit for the period	-	70,187	70,187
Total comprehensive income for the period	-	70,187	70,187
Total transactions with owners	-	-	-

At 1 January 2025	332,000	655,268	987,268
Comprehensive income for the Period
Profit for the Period	-	41,184	41,184
Total comprehensive income for the Period	-	41,184	41,184
Total transactions with owners	-	-	-
At 31 December 2025	332,000	696,452	1,028,452

The notes on pages 15 to 31 form part of these financial statements.

Page 11

STOKEY PLANT HIRE LIMITED

STATEMENT OF CASH FLOWS

FOR THE PERIOD ENDED 31 DECEMBER 2025

			2025	2024
			£	£

Cash flows from operating activities
Profit for the financial Period	41,184	70,187
Adjustments for:
Depreciation of tangible assets	1,469,396	1,015,431
Loss on disposal of tangible assets	33,124	12,467
Interest paid	571,174	450,210
Interest received	-	(604)
Taxation charge	(6,000)	(59,000)
(Increase) in stocks	(2,429)	(5,842)
Decrease/(increase) in debtors	1,206,922	(1,395,330)
(Decrease)/increase in creditors	(1,074,218)	335,307
Net cash generated from operating activities	2,239,153	422,826

Cash flows from investing activities
Purchase of tangible fixed assets	(2,377,034)	(922,541)
Sale of tangible fixed assets	169,249	293,790
Interest received	-	604
HP interest paid	(416,776)	(344,908)
Net cash from investing activities	(2,624,561)	(973,055)
Cash flows from financing activities
Other new loans less repayments	147,960	50,432
Repayment of/new finance leases	1,252,732	(519,000)
Movements on invoice discounting	(815,844)	1,122,467
Interest paid	(154,398)	(105,302)
Net cash used in financing activities	430,450	548,597
Net increase/(decrease) in cash and cash equivalents	45,042	(1,632)
Cash and cash equivalents at beginning of Period	(100,899)	(99,267)
Cash and cash equivalents at the end of Period	(55,857)	(100,899)

Cash and cash equivalents at the end of Period comprise:
Cash at bank and in hand	57,464	17,630
Bank overdrafts	(113,321)	(118,529)
	(55,857)	(100,899)

Page 12

STOKEY PLANT HIRE LIMITED

The notes on pages 15 to 31 form part of these financial statements.

Page 13

STOKEY PLANT HIRE LIMITED

ANALYSIS OF NET DEBT

FOR THE PERIOD ENDED 31 DECEMBER 2025


At 1 January 2025	Cash flows	New loans	Other non-cash changes	At 31 December 2025
£	£	£	£	£

Cash at bank and in hand	17,630	39,834	-	-	57,464
Bank overdrafts	(118,529)	5,208	-	-	(113,321)
Debt due after 1 year	(75,216)	-	-	13,434	(61,782)
Debt due within 1 year	(153,523)	(160,998)	-	(13,434)	(327,955)
Finance leases & Hire Purchase	(5,782,734)	1,705,366	(2,958,098)	-	(7,035,466)
	(6,112,372)	1,589,410	(2,958,098)	-	(7,481,060)

The notes on pages 15 to 31 form part of these financial statements.

Page 14

STOKEY PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

1.	General information

Stokey Plant Hire Limited ("the company") is a private limited liability company incorporated and domiciled in the United Kingdom.

The address of its registered office is:
Halesfield 25
Telford
TF7 4FP

The financial statements are for the year ended 31 December 2025 (2024: period of 9 months ended 31 December 2024).

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 management to exercise judgement in applying the company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis. The directors have assessed the financial position and future cash requirements of the business for a period exceeding twelve months from the date of approval of the financial statements and consider that the company has sufficient resources to manage its business risk successfully.

Page 15

STOKEY PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

- revenue is recognised for services provided in line with the relevant accounting period, amounts invoiced in advance are deferred and recognised in the period to which they relate;

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract; and

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

2.4

Operating leases: the company 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.

2.5

Interest income

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

2.6

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.

2.7

Borrowing costs

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

Page 16

STOKEY PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.8

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company 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 balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2.9

Current and deferred taxation

The tax expense for the Period 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 balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet 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; and

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

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 balance sheet date.

2.10

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 17

STOKEY PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.10

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery	-	8% to 25%
Motor vehicles	-	10% to 20%
Office equipment	-	25%

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.

2.11

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 balance sheet 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.

2.12

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.

2.13

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 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 company's cash management.

2.14

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.

Page 18

STOKEY PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.15

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.

Page 19

STOKEY PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.16

Financial instruments

The company 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 company's balance sheet when the company 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.

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 company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

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 company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans 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

Page 20

STOKEY PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.16

Financial instruments (continued)

where the effect of discounting is immaterial.

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

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.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company 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 company 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 company's contractual obligations expire or are discharged or cancelled.

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

In the process of applying the company's accounting policies, management are required to make certain estimates and judgements. The key estimates and judgements are as follows:

Depreciation and residual values:
The Directors have reviewed the asset lives and associated residual values of all fixed asset classes and has concluded that asset lives and residual values are appropriate.

Impairment of fixed assets:
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.
Prior impairments are also reviewed for possible reversal at each reporting date.

Page 21

STOKEY PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

Turnover

Plant hire	7,942,182	8,037,770
	7,942,182	8,037,770

					Year ended 31 December	9 months ended 31 December
					2025	2024
					£	£

United Kingdom	7,942,182	8,037,770
	7,942,182	8,037,770

All turnover arose within the United Kingdom.

Other operating lease rentals	314,928	317,226
Fees payable to the company's auditors for the audit of the company's financial statements	5,000	5,000
Fees payable to the company's auditors for other services	5,250	4,500

Page 22

STOKEY PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

Wages and salaries	1,034,744	812,974
Social security costs	116,508	82,273
Cost of defined contribution scheme	12,742	10,849
	1,163,994	906,096

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

	Year ended 31 December	9 months ended 31 December
	2025	2024
	No.	No.

Employees	27	28

Directors' emoluments	98,556	76,371
	98,556	76,371

Page 23

STOKEY PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

	Other interest receivable	-	604
		-	604

Bank interest payable	65,863	16,620
Finance leases and hire purchase contracts	416,776	344,908
Other interest payable	88,535	88,682
	571,174	450,210



Total current tax	-	-

Deferred tax
Origination and reversal of timing differences	(6,000)	(59,000)
Total deferred tax	(6,000)	(59,000)


		(6,000)	(59,000)

Page 24

STOKEY PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

10.Taxation (continued)

	Factors affecting tax charge for the period/period
	The charge to corporation tax is extinguished due to the availability of capital allowances. Deferred tax is recognised on timing differences relating to accelerated capital allowances and the level of unused relief arising from these, namely tax losses carried forward. These provisions are recognised at the main rate of 25%.

Factors that may affect future tax charges

The main rate of corporation tax is 25% in respect of taxable profits above £250,000. In addition to the main rate there remains a small profit rate of 19% for taxable profits below £50,000. Marginal relief will provide a gradual increase in the corporation tax rate between the small profits rate and the main rate.

Deferred tax balances must be recognised at the future rate applicable when the balance is expected to unwind. As such, deferred tax balances are recognised using the rate of 25%.

Reference should be made to note 19 Deferred Tax for further information.

Page 25

STOKEY PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

11.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Office equipment	Total
	£	£	£	£
Cost or valuation
At 1 January 2025	12,782,455	743,787	30,821	13,557,063
Additions	2,168,565	208,469	-	2,377,034
Disposals	(431,510)	(62,698)	-	(494,208)
At 31 December 2025	14,519,510	889,558	30,821	15,439,889
Depreciation
At 1 January 2025	4,993,226	282,886	30,821	5,306,933
Charge for the Period on owned assets	109,865	12,684	-	122,549
Charge for the Period on financed assets	1,263,837	83,010	-	1,346,847
Disposals	(265,998)	(25,837)	-	(291,835)
At 31 December 2025	6,100,930	352,743	30,821	6,484,494
Net book value
At 31 December 2025	8,418,580	536,815	-	8,955,395
At 31 December 2024	7,789,229	460,901	-	8,250,130

Page 26

STOKEY PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

11.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
	2025	2024
	£	£


Plant and machinery	8,183,840	7,153,016
Motor vehicles	483,307	435,905
	8,667,147	7,588,921

12.	Stocks
		2025	2024
		£	£

Machine parts and consumables	125,700	123,271
	125,700	123,271

13.

Debtors

					2025	2024
					£	£


Trade debtors	1,826,110	3,041,812
Prepayments and accrued income	275,990	267,210
	2,102,100	3,309,022

14.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	57,464	17,630
Less: bank overdrafts	(113,321)	(118,529)
	(55,857)	(100,899)

Page 27

STOKEY PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

15.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank overdrafts	113,321	118,529
Bank loans	225,609	64,215
Trade creditors	972,673	2,063,799
Other taxation and social security	142,567	246,856
Obligations under finance lease and hire purchase contracts	2,544,737	1,868,431
Proceeds of factored debts	1,210,454	2,026,298
Other creditors	221,335	100,138
Accruals and deferred income	9,000	9,000
	5,439,696	6,497,266

16.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	61,782	75,216
Net obligations under finance leases and hire purchase contracts	4,490,729	3,914,303
	4,552,511	3,989,519

The following liabilities were secured:
	2025	2024
	£	£


Hire purchase and finance lease contracts	7,035,464	5,782,734
Invoice discounting advances	1,210,454	2,026,298
Bank loans, overdraft and related borrowings	400,712	257,960
	8,646,630	8,066,992

Details of security provided:

The bank overdraft and associated lending is secured by fixed and floating charges over the company's assets.

Invoice discounting advances are secured by an all asset first legal charge and floating charges.

Obligations under hire purchase agreements and finance leases are secured on the assets to which they relate and bear interest at commerical rates.

Page 28

STOKEY PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

Amounts falling due within one year
Amounts falling due within one year	225,609	64,215
Amounts falling due 1-2 years	23,901	20,567
Amounts falling due 2-5 years	37,881	54,649
	287,391	139,431

Within one year	2,544,734	1,868,431
Between 1-2 years	1,548,752	1,550,394
Between 2-5 years	2,941,977	2,363,909
	7,035,463	5,782,734

19.	Deferred taxation

		2025
		£

	At beginning of year	(226,000)
	Utilised in year	6,000
	At end of year	(220,000)

Page 29

STOKEY PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

19.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

Accelerated capital allowances	(1,864,549)	(1,569,042)
Tax losses carried forward	1,645,146	1,342,965
Provisioning	(597)	77
	(220,000)	(226,000)

Tax losses carried forward arise due to the level of capital allowances claimed.

20.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

332,000 (2024 - 332,000) Ordinary shares shares of £1.00 each	332,000	332,000

21.

Reserves

Profit and loss account

The profit and loss account represents all accumulated retained profits less dividends paid.

	Contracted for but not provided in these financial statements	-	49,114
		-	49,114

Page 30

STOKEY PLANT HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

23.	Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £12,742 (31 December 2024: £10,849). Contributions totalling £2,338 (31 December 2024: £2,709) were payable to the funds at the balance sheet date and are included in creditors.

Not later than 1 year	205,971	131,895
Later than 1 year and not later than 2 years	205,971	131,895
Later than 2 years and not later than 5 years	97,414	142,885
	509,356	406,675

25.	Related party transactions
	The company operates from premises leased from the directors. Amounts paid in respect of the lease were £54,000 (2024: £40,500). The lease is on a rolling basis as the formal lease has expired.

Page 31