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REGISTERED NUMBER: 09285800 (England and Wales)















Group Strategic Report, Report of the Directors and

Consolidated Financial Statements for the Year Ended 31 March 2025

for

FLEET SERVICE (GREAT BRITAIN) LIMITED

FLEET SERVICE (GREAT BRITAIN) LIMITED (REGISTERED NUMBER: 09285800)






Contents of the Consolidated Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Consolidated Statement of Comprehensive Income 9

Consolidated Balance Sheet 10

Company Balance Sheet 11

Consolidated Statement of Changes in Equity 12

Company Statement of Changes in Equity 13

Consolidated Cash Flow Statement 14

Notes to the Consolidated Cash Flow Statement 15

Notes to the Consolidated Financial Statements 16


FLEET SERVICE (GREAT BRITAIN) LIMITED

Company Information
for the year ended 31 March 2025







DIRECTORS: M A Bray
G R Bray
S L Clifford
P M Hitt
J O Jarvis
S J Williams
I Bray
M M Harrington





REGISTERED OFFICE: The Stonehouse
Notton Business Park
Notton
Lacock
Wiltshire
SN15 2NF





REGISTERED NUMBER: 09285800 (England and Wales)





AUDITORS: Richardson Swift Audit Ltd
Chartered Accountants
Statutory Auditor
11 Laura Place
Bath
BA2 4BL

FLEET SERVICE (GREAT BRITAIN) LIMITED (REGISTERED NUMBER: 09285800)

Group Strategic Report
for the year ended 31 March 2025

The directors present their strategic report of the company and the group for the year ended 31 March 2025.

REVIEW OF BUSINESS
The company provides the only end-to-end, integrated, modular, vehicle and driver management service solution on the market. The company continues to build on existing and new business relationships and on developing additional services appropriate to the demands of the market. This has positioned the company well for future growth.

The directors monitor the progress of the company and the implementation of its strategy by measurement of business performance compared to its business plan. The directors are satisfied with the sales and profit results for the year, as reflected in the table below.

KEY PERFORMANCE INDICATORS

The key financial metrics are these:

£    2025 2024 % change
Sales turnover 16,811 14,879 13%
Gross margin % 28% 27%
Pre-Tax Operating Profit 1,494 984 50%
Shareholders' Funds 3,365 2,575

Non financial KPI's include Call Centre answer time, System availability to clients, % of Business transacted through Fleet Support partner garages. These are regularly reviewed in divisional management and board meetings.

The directors are satisfied with the company performance as measured by the KPI's.

PRINCIPAL RISKS AND UNCERTAINTIES
The management of the business is subject to a number of key risks, which are regularly reviewed and discussed by the directors. Appropriate measures and processes are put in place to monitor them and mitigate against them.

The company operates in a highly competitive market, particularly in respect of price, service levels and service developments. To mitigate this risk the company monitors the market and seeks to understand customer and supplier expectations through regular workshops and forums.

The company is vigilant to minimise financial risk. Credit checks are carried out on any prospective client, with appropriate credit limits put in place and regularly reviewed. It operates strict credit control procedures to avoid overdue debt from clients.

FUTURE DEVELOPMENTS
The company intends to follow its consistent and proven strategy. This strategy develops and builds on several key initiatives with the aim of continuing to position the company to grow its sales, margin and profitability along with an increased market share.

Moving into the new financial year and with competition as prominent as ever, the company continues to ensure that it differentiates itself from its competitors via its unique service delivery and superior customer service level.

ON BEHALF OF THE BOARD:





G R Bray - Director


9 July 2025

FLEET SERVICE (GREAT BRITAIN) LIMITED (REGISTERED NUMBER: 09285800)

Report of the Directors
for the year ended 31 March 2025

The directors present their report with the financial statements of the company and the group for the year ended 31 March 2025.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of business support services.

DIVIDENDS
Total dividends paid in the year were £312,000 (2024: £203,075).

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

M A Bray
G R Bray
S L Clifford
P M Hitt
J O Jarvis
S J Williams

Other changes in directors holding office are as follows:

I Bray - appointed 7 November 2024

M M Harrington was appointed as a director after 31 March 2025 but prior to the date of this report.

DONATIONS
Total charitable donations of £4,373 (2024: £4,405) were made during the year to a number of national and local charities.

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

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

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

FLEET SERVICE (GREAT BRITAIN) LIMITED (REGISTERED NUMBER: 09285800)

Report of the Directors
for the year ended 31 March 2025


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

ON BEHALF OF THE BOARD:





G R Bray - Director


9 July 2025

Report of the Independent Auditors to the Members of
Fleet Service (Great Britain) Limited

Opinion
We have audited the financial statements of Fleet Service (Great Britain) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2025 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

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

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

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

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

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

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

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

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Fleet Service (Great Britain) Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

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

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

Report of the Independent Auditors to the Members of
Fleet Service (Great Britain) Limited


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

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

We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity by discussion with key personnel and consideration of our experience of clients in similar sectors and group situations.

We determined that the most significant laws and regulations which have a direct impact on the form and content of the financial statements of the entity are the Companies Act and UK GAAP, specifically FRS102.
We determined that the most significant operational laws and regulations for the entity are those governing data protection, employment, and vehicle regulations.

Based on the results or our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations identified above, with no issues arising.

We gained an understating of the entity's policy and procedures by discussion with key personnel and substantive audit work.

We assessed the risk of material misstatement in respect of fraud through our planning processes, and no significant risks were identified.

We considered the risk of fraud through management override and, in response, we incorporated testing of manual journal entries into our audit approach.

Based on the results of our risk assessment we designed our audit procedures to identify and to address material misstatements in relation to fraud.

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

Other matters which we are required to address
The comparative figures are not audited.

Report of the Independent Auditors to the Members of
Fleet Service (Great Britain) Limited


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




Catherine Edwards BSc FCA (Senior Statutory Auditor)
for and on behalf of Richardson Swift Audit Ltd
Chartered Accountants
Statutory Auditor
11 Laura Place
Bath
BA2 4BL

10 July 2025

FLEET SERVICE (GREAT BRITAIN) LIMITED (REGISTERED NUMBER: 09285800)

Consolidated
Statement of Comprehensive
Income
for the year ended 31 March 2025

2025 2024
as restated
Notes £    £   

TURNOVER 16,811,305 14,879,149

Cost of sales 12,096,551 10,850,282
GROSS PROFIT 4,714,754 4,028,867

Administrative expenses 3,237,846 3,177,687
1,476,908 851,180

Other operating income (8,439 ) 97,529
OPERATING PROFIT 4 1,468,469 948,709

Interest receivable and similar income 25,204 51,564
1,493,673 1,000,273

Interest payable and similar expenses 5 - 15,968
PROFIT BEFORE TAXATION 1,493,673 984,305

Tax on profit 6 391,585 361,826
PROFIT FOR THE FINANCIAL YEAR 1,102,088 622,479

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,102,088

622,479
Prior year adjustment 9 (430,642 )
TOTAL COMPREHENSIVE INCOME
SINCE LAST ANNUAL REPORT

671,446

Profit attributable to:
Owners of the parent 1,102,088 622,479

Total comprehensive income attributable to:
Owners of the parent 240,804 622,479

FLEET SERVICE (GREAT BRITAIN) LIMITED (REGISTERED NUMBER: 09285800)

Consolidated Balance Sheet
31 March 2025

2025 2024
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 10 67,811 83,989
Tangible assets 11 2,292,393 39,788
Investments 12 - -
Investment property 13 - 1,994,358
2,360,204 2,118,135

CURRENT ASSETS
Debtors 14 2,318,398 2,080,325
Cash at bank and in hand 985,519 1,793,917
3,303,917 3,874,242
CREDITORS
Amounts falling due within one year 15 2,278,088 3,403,072
NET CURRENT ASSETS 1,025,829 471,170
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,386,033

2,589,305

PROVISIONS FOR LIABILITIES 16 20,846 14,206
NET ASSETS 3,365,187 2,575,099

CAPITAL AND RESERVES
Called up share capital 17 390,010 390,010
Share premium 8,000 8,000
Revaluation reserve 732,674 -
Retained earnings 2,234,503 2,177,089
SHAREHOLDERS' FUNDS 3,365,187 2,575,099

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2025 and were signed on its behalf by:





G R Bray - Director


FLEET SERVICE (GREAT BRITAIN) LIMITED (REGISTERED NUMBER: 09285800)

Company Balance Sheet
31 March 2025

2025 2024
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 10 67,811 83,989
Tangible assets 11 79,949 39,789
Investments 12 981,339 981,339
Investment property 13 - -
1,129,099 1,105,117

CURRENT ASSETS
Debtors 14 3,534,421 3,112,289
Cash at bank and in hand 985,840 1,750,844
4,520,261 4,863,133
CREDITORS
Amounts falling due within one year 15 2,266,526 3,396,659
NET CURRENT ASSETS 2,253,735 1,466,474
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,382,834

2,571,591

PROVISIONS FOR LIABILITIES 16 19,987 13,158
NET ASSETS 3,362,847 2,558,433

CAPITAL AND RESERVES
Called up share capital 17 390,010 390,010
Share premium 8,000 8,000
Retained earnings 2,964,837 2,160,423
SHAREHOLDERS' FUNDS 3,362,847 2,558,433

Company's profit for the financial year 1,116,414 1,034,963

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2025 and were signed on its behalf by:





G R Bray - Director


FLEET SERVICE (GREAT BRITAIN) LIMITED (REGISTERED NUMBER: 09285800)

Consolidated Statement of Changes in Equity
for the year ended 31 March 2025

Called up
share Retained Share Revaluation Total
capital earnings premium reserve equity
£    £    £    £    £   
Balance at 1 April 2023 350,010 1,757,685 - - 2,107,695

Changes in equity
Issue of share capital 40,000 - 8,000 - 48,000
Dividends - (203,075 ) - - (203,075 )
Total comprehensive income - 1,053,121 - - 1,053,121
Balance at 31 March 2024 390,010 2,607,731 8,000 - 3,005,741
Prior year adjustment - (430,642 ) - - (430,642 )
As restated 390,010 2,177,089 8,000 - 2,575,099

Changes in equity
Dividends - (312,000 ) - - (312,000 )
Total comprehensive income - 369,414 - 732,674 1,102,088
Balance at 31 March 2025 390,010 2,234,503 8,000 732,674 3,365,187

FLEET SERVICE (GREAT BRITAIN) LIMITED (REGISTERED NUMBER: 09285800)

Company Statement of Changes in Equity
for the year ended 31 March 2025

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1 April 2023 350,010 1,328,535 - 1,678,545

Changes in equity
Issue of share capital 40,000 - 8,000 48,000
Dividends - (203,075 ) - (203,075 )
Total comprehensive income - 1,034,963 - 1,034,963
Balance at 31 March 2024 390,010 2,160,423 8,000 2,558,433

Changes in equity
Dividends - (312,000 ) - (312,000 )
Total comprehensive income - 1,116,414 - 1,116,414
Balance at 31 March 2025 390,010 2,964,837 8,000 3,362,847

FLEET SERVICE (GREAT BRITAIN) LIMITED (REGISTERED NUMBER: 09285800)

Consolidated Cash Flow Statement
for the year ended 31 March 2025

2025 2024
as restated
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 315,627 2,319,110
Interest paid - (15,968 )
Tax paid (546,023 ) (156,128 )
Net cash from operating activities (230,396 ) 2,147,014

Cash flows from investing activities
Purchase of intangible fixed assets (8,316 ) -
Purchase of tangible fixed assets (282,890 ) (31,268 )
Purchase of fixed asset investments - (981,339 )
Interest received 25,204 51,564
Net cash from investing activities (266,002 ) (961,043 )

Cash flows from financing activities
Loan repayments in year - (487,700 )
Share issue - 40,000
- (509,264 )
Equity dividends paid (312,000 ) (203,075 )
Net cash from financing activities (312,000 ) (1,160,039 )

(Decrease)/increase in cash and cash equivalents (808,398 ) 25,932
Cash and cash equivalents at
beginning of year

2

1,793,917

1,767,985

Cash and cash equivalents at end of
year

2

985,519

1,793,917

FLEET SERVICE (GREAT BRITAIN) LIMITED (REGISTERED NUMBER: 09285800)

Notes to the Consolidated Cash Flow Statement
for the year ended 31 March 2025

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2025 2024
as restated
£    £   
Profit before taxation 1,493,673 984,305
Depreciation charges 47,268 28,128
Profit on disposal of fixed assets (1,461 ) -
- 430,642
Finance costs - 15,968
Finance income (25,204 ) (51,564 )
1,514,276 1,407,479
Increase in trade and other debtors (238,073 ) (440,912 )
(Decrease)/increase in trade and other creditors (960,576 ) 1,352,543
Cash generated from operations 315,627 2,319,110

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2025
31.3.25 1.4.24
£    £   
Cash and cash equivalents 985,519 1,793,917
Year ended 31 March 2024
31.3.24 1.4.23
as restated
£    £   
Cash and cash equivalents 1,793,917 1,767,985


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.24 Cash flow At 31.3.25
£    £    £   
Net cash
Cash at bank and in hand 1,793,917 (808,398 ) 985,519
1,793,917 (808,398 ) 985,519
Total 1,793,917 (808,398 ) 985,519

FLEET SERVICE (GREAT BRITAIN) LIMITED (REGISTERED NUMBER: 09285800)

Notes to the Consolidated Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Fleet Service (Great Britain) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Office Equipment - 33.3% on cost and 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The investment property has been moved to freehold property as it is now used within the group.

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

Current or deferred taxation assets and liabilities are not discounted.

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

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

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.

FLEET SERVICE (GREAT BRITAIN) LIMITED (REGISTERED NUMBER: 09285800)

Notes to the Consolidated Financial Statements - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS
2025 2024
as restated
£    £   
Wages and salaries 2,283,612 1,956,934
Social security costs 304,010 202,716
Other pension costs 67,660 35,849
2,655,282 2,195,499

The average number of employees during the year was as follows:
2025 2024
as restated

Clerical staff 40 39
Directors 7 -
47 39

The average number of employees by undertakings that were proportionately consolidated during the year was 47 (2024 - 39 ) .

2025 2024
as restated
£    £   
Directors' remuneration 847,326 534,359
Directors' pension contributions to money purchase schemes 26,858 -

Information regarding the highest paid director is as follows:
2025 2024
as restated
£    £   
Emoluments etc 171,235 181,083
Pension contributions to money purchase schemes 5,528 -

FLEET SERVICE (GREAT BRITAIN) LIMITED (REGISTERED NUMBER: 09285800)

Notes to the Consolidated Financial Statements - continued
for the year ended 31 March 2025

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2025 2024
as restated
£    £   
Other operating leases 1,075 43,492
Depreciation - owned assets 23,497 16,128
Profit on disposal of fixed assets (1,461 ) -
Computer software amortisation 24,494 12,000
Auditors' remuneration 14,016 -
Foreign exchange differences (2,326 ) (707 )

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2025 2024
as restated
£    £   
Bank loan interest - 15,968

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2025 2024
as restated
£    £   
Current tax:
UK corporation tax 384,945 355,393

Deferred tax 6,640 6,433
Tax on profit 391,585 361,826

7. INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

As permitted by Section 408 of the Companies Act 2006, the Statement of Comprehensive Income of the parent company is not presented as part of these financial statements.


8. DIVIDENDS
2025 2024
as restated
£    £   
Ordinary A shares of £1 each
Interim 312,000 203,075

FLEET SERVICE (GREAT BRITAIN) LIMITED (REGISTERED NUMBER: 09285800)

Notes to the Consolidated Financial Statements - continued
for the year ended 31 March 2025

9. PRIOR YEAR ADJUSTMENT

The prior year adjustment represents an adjustment to the property value in the subsidiary.

This was revisited following the change of ownership and reflects the values involved in the company purchase.

Only the property value and revaluation reserve were impacted by this adjustment.

10. INTANGIBLE FIXED ASSETS

Group
Computer
software
£   
COST
At 1 April 2024 554,798
Additions 8,316
At 31 March 2025 563,114
AMORTISATION
At 1 April 2024 470,809
Amortisation for year 24,494
At 31 March 2025 495,303
NET BOOK VALUE
At 31 March 2025 67,811
At 31 March 2024 83,989

Company
Computer
software
£   
COST
At 1 April 2024 554,798
Additions 8,316
At 31 March 2025 563,114
AMORTISATION
At 1 April 2024 470,809
Amortisation for year 24,494
At 31 March 2025 495,303
NET BOOK VALUE
At 31 March 2025 67,811
At 31 March 2024 83,989

FLEET SERVICE (GREAT BRITAIN) LIMITED (REGISTERED NUMBER: 09285800)

Notes to the Consolidated Financial Statements - continued
for the year ended 31 March 2025

11. TANGIBLE FIXED ASSETS

Group
Fixtures
Freehold Office and
property Equipment fittings
£    £    £   
COST
At 1 April 2024 - 59,003 11,708
Additions 2,212,445 - 4,942
Disposals - (58,119 ) (1,857 )
At 31 March 2025 2,212,445 884 14,793
DEPRECIATION
At 1 April 2024 - 57,027 5,470
Charge for year - (1 ) 3,157
Eliminated on disposal - (56,799 ) -
At 31 March 2025 - 227 8,627
NET BOOK VALUE
At 31 March 2025 2,212,445 657 6,166
At 31 March 2024 - 1,976 6,238

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 14,500 54,281 139,492
Additions 48,906 10,955 2,277,248
Disposals - 558 (59,418 )
At 31 March 2025 63,406 65,794 2,357,322
DEPRECIATION
At 1 April 2024 1,812 35,395 99,704
Charge for year 10,758 9,583 23,497
Eliminated on disposal - (1,473 ) (58,272 )
At 31 March 2025 12,570 43,505 64,929
NET BOOK VALUE
At 31 March 2025 50,836 22,289 2,292,393
At 31 March 2024 12,688 18,886 39,788

The freehold property has been transferred from investment property as it is now used within the group. The value of the property has been adjusted to reflect the amount paid on acquisition of the company which owns the property.

FLEET SERVICE (GREAT BRITAIN) LIMITED (REGISTERED NUMBER: 09285800)

Notes to the Consolidated Financial Statements - continued
for the year ended 31 March 2025

11. TANGIBLE FIXED ASSETS - continued

Company
Fixtures
Office and Motor Computer
Equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 2,204 11,708 14,500 54,281 82,693
Additions - 4,942 48,906 10,955 64,803
Disposals (1,319 ) (1,857 ) - 558 (2,618 )
At 31 March 2025 885 14,793 63,406 65,794 144,878
DEPRECIATION
At 1 April 2024 227 5,470 1,812 35,395 42,904
Charge for year - 3,157 10,758 9,583 23,498
Eliminated on disposal - - - (1,473 ) (1,473 )
At 31 March 2025 227 8,627 12,570 43,505 64,929
NET BOOK VALUE
At 31 March 2025 658 6,166 50,836 22,289 79,949
At 31 March 2024 1,977 6,238 12,688 18,886 39,789

12. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 April 2024
and 31 March 2025 981,339
NET BOOK VALUE
At 31 March 2025 981,339
At 31 March 2024 981,339

The investment represents 100% of the issued share capital of SDLS Property Limited.


FLEET SERVICE (GREAT BRITAIN) LIMITED (REGISTERED NUMBER: 09285800)

Notes to the Consolidated Financial Statements - continued
for the year ended 31 March 2025

13. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
At 1 April 2024 1,994,358
Transfer to ownership (1,994,358 )
At 31 March 2025 -
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 1,994,358

The property has been transferred to Freehold Property as it is used within the group.

14. DEBTORS

Group Company
2025 2024 2025 2024
as
restated
as
restated
£    £    £    £   
Amounts falling due within one year:
Trade debtors 2,200,246 2,047,155 2,200,246 2,047,155
Amounts owed by group undertakings - - - 1,031,964
Other debtors 66,213 - 66,213 -
Prepayments 51,939 33,170 51,939 33,170
2,318,398 2,080,325 2,318,398 3,112,289

Amounts falling due after more than one year:
Amounts owed by group undertakings - - 1,216,023 -

Aggregate amounts 2,318,398 2,080,325 3,534,421 3,112,289

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2025 2024 2025 2024
as
restated
as
restated
£    £    £    £   
Trade creditors 1,338,045 2,028,509 1,338,045 2,028,508
Corporation tax 197,543 358,523 197,543 357,184
Social security and other taxes 296,655 33,671 296,655 33,671
VAT 283,006 255,223 282,676 250,128
Other creditors 64,849 63,035 64,849 63,057
Accrued expenses 97,990 664,111 86,758 664,111
2,278,088 3,403,072 2,266,526 3,396,659

FLEET SERVICE (GREAT BRITAIN) LIMITED (REGISTERED NUMBER: 09285800)

Notes to the Consolidated Financial Statements - continued
for the year ended 31 March 2025

16. PROVISIONS FOR LIABILITIES

Group Company
2025 2024 2025 2024
as
restated
as
restated
£    £    £    £   
Deferred tax 20,846 14,206 19,987 13,158

Group
Deferred
tax
£   
Balance at 1 April 2024 14,206
Utilised during year 6,640
Balance at 31 March 2025 20,846

Company
Deferred
tax
£   
Balance at 1 April 2024 13,158
Accelerated capital allowances 6,829
Balance at 31 March 2025 19,987

17. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: as
restated
£    £   
350,000 Ordinary A £1 390,000 390,000
10 Ordinary B 1 10 10
390,010 390,010

Each A Ordinary Share is entitled to one vote in any circumstances.

Each B Ordinary Share is entitled pari passu to dividend payments or any other distribution.