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REGISTERED NUMBER: 13257955 (England and Wales)












Warranty Solutions Group Ltd

Report of the Directors and

Unaudited Financial Statements

for the Year Ended 30 April 2025






Warranty Solutions Group Ltd (Registered number: 13257955)






Contents of the Financial Statements
for the Year Ended 30 April 2025




Page

Company Information 1

Chairman's Report 2 to 3

Report of the Directors 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 11


Warranty Solutions Group Ltd

Company Information
for the Year Ended 30 April 2025







DIRECTORS: S R Newbery
J Colinswood
L Casey
K A Pipe





REGISTERED OFFICE: First Floor
The Gatehouse
Gatehouse Way
Aylesbury
Buckinghamshire
HP19 8DB





REGISTERED NUMBER: 13257955 (England and Wales)





ACCOUNTANTS: Clarkson Cleaver & Bowes Ltd
8a Wingbury Courtyard
Business Village
Wingrave
Buckinghamshire
HP22 4LW

Warranty Solutions Group Ltd (Registered number: 13257955)

Chairman's Report
for the Year Ended 30 April 2025

Overview

As CEO, I am once again delighted to report another exceptional year for Warranty Solutions Group Ltd.
We have continued to build on our momentum, achieving remarkable growth and further consolidating our position in the market.
Our team has expanded significantly, and we are proud to now have over 110 talented individuals working with us.

Investment & Customer Satisfaction

To support this growth, we've introduced two part-time HR support staff, invested in HR software, and enhanced our employee wellbeing initiatives through Ben 4 Life, reaffirming our commitment to our people.

Additionally, we have re-invested over £1million back into the business across IT, marketing, sales, infrastructure, and expansion of the team.
Our operational excellence is reflected in our outstanding customer satisfaction metrics:

- Complaints rate: 0.2%
- Trustpilot rating: 4.8
- Google rating: 4.6

Financial Performance

Our financial performance for the year has been robust and aligned with expectations and we continue to operate on a strong and stable financial foundation.

Turnover for 2024/25 reached £16.3 million, with a profit of £750,000, which absorbed subsidiary losses of £150,000, resulting in a net profit of £600,000.

We also donated a considerable sum of £45,000 (7.5% of net profit) to our nominated charity.
Looking ahead, we forecast turnover of £24 million for 2025/26, reflecting our confidence in the continued growth of the business.

Key Achievements

This year has seen a number of significant milestones and accolades:

- Media Coverage: Featured in major national publications including the Daily Mail and Express

- 2025 Awards Highlights:
- Motor Trader Commercial Industry Awards
Warranty / Added Value Insurance Product Provider of the Year - Winner
- Motor Trader Independent Awards
Warranty / Added Value Insurance Products - Winner
Aftersales Product Provider of the Year - Winner
Supplier Investment Project of the Year - Winner
- Car Dealer Power Awards
Warranty Provider of the Year - Highly Commended

Future Opportunities

We are excited about the opportunities ahead as we continue to innovate and expand our offerings. Key developments include:


Warranty Solutions Group Ltd (Registered number: 13257955)

Chairman's Report
for the Year Ended 30 April 2025

- New Product Launches:
Enhanced Motorhome Cover
Value-Added Products including Cosmetic, Tyre & Alloy Cover

- Strategic Partnerships:
Collaborations with brands such as AutoGlym and Motorhome Matt are helping us reach
new markets and respond to emerging trends.
Prep4Less continues to unlock new opportunities for both dealers and repairers.

- The Captive:
We are actively developing our Captive Insurance model, which will allow us to better
manage risk, improve underwriting flexibility, and deliver tailored solutions to our partners.
This strategic move will enhance our long-term sustainability and profitability.

Acknowledgements

On behalf of the Board of Directors, I extend my sincere thanks to our dealer partners, suppliers, repairer networks, and industry bodies. Your continued trust and collaboration have been instrumental in building the strong foundations we stand on today.

I also wish to thank my fellow Board members for their strategic insight and guidance, which have been vital in navigating challenges and driving our success.

Finally, a heartfelt thank you to our management team and all employees. Your dedication, resilience, and pursuit of excellence have been the driving force behind our achievements this year.

Company Charity

We remain committed to supporting our community and have continued to provide financial assistance to the Children's Memorial Garden & Foodbank at Longwick, helping to make a meaningful difference in the lives of others.

Conclusion

Warranty Solutions Group Ltd is entering our next chapter with strength, clarity, and ambition.
Our continued investment in people, technology, and partnerships positions us to lead the industry with confidence and purpose. We are not only growing-we are evolving, innovating, and setting new benchmarks for excellence.

As we look ahead, we remain committed to delivering exceptional value to our shareholders, partners, and customers, while driving meaningful progress across the warranty and motor retail sectors.
We are eager to continue building on the achievements of this remarkable year.

Thank you for your continued support.


John Colinswood
Chairman and Chief Executive Officer
August 2025

Warranty Solutions Group Ltd (Registered number: 13257955)

Report of the Directors
for the Year Ended 30 April 2025


PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the provision of uninsured warranties to the motor vehicle trade.

REVIEW OF BUSINESS

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

S R Newbery
J Colinswood
L Casey

Other changes in directors holding office are as follows:

P S M Jacob - resigned 31 December 2024
N T Monks - resigned 9 December 2024
K A Pipe - appointed 2 January 2025

GOING CONCERN
At the time of approving the financial statements the Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J Colinswood - Director


6 August 2025

Warranty Solutions Group Ltd (Registered number: 13257955)

Balance Sheet
30 April 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible fixed assets 4 239,264 254,836
Tangible assets 5 172,422 187,855
Investments 6 405,053 5,003
816,739 447,694

CURRENT ASSETS
Stocks 95,321 127,603
Debtors 7 2,388,514 2,921,065
Cash at bank 911,687 261,042
3,395,522 3,309,710
CREDITORS
Amounts falling due within one
year

8

3,546,956

3,731,898
NET CURRENT LIABILITIES (151,434 ) (422,188 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

665,305

25,506

CREDITORS
Amounts falling due after more
than one year

9

46,528

16,100
NET ASSETS 618,777 9,406

CAPITAL AND RESERVES
Called up share capital 11 1,400 1,400
Share premium 639,750 639,750
Retained earnings (22,373 ) (631,744 )
SHAREHOLDERS' FUNDS 618,777 9,406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Warranty Solutions Group Ltd (Registered number: 13257955)

Balance Sheet - continued
30 April 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2025 and were signed on its behalf by:





J Colinswood - Director


Warranty Solutions Group Ltd (Registered number: 13257955)

Notes to the Financial Statements
for the Year Ended 30 April 2025

1. STATUTORY INFORMATION

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

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

Turnover
Turnover represents the invoiced value of the sale of warranty policies and is shown net of VAT.

Intangible assets
Costs relating to ongoing IT development projects are capitalised until the point the project is brought into use.

Completed projects are amortised over 2 - 5 years. The rate of amortisation used is reviewed on a project by project basis and at each year end.

Costs relating to ongoing maintenance of live systems is charged direct to the profit and loss.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33.33% straight line

Stocks
Stocks held for distribution at 'no cost' are valued at the lower of original cost or replacement cost. At the reporting date an assessment is made for impairment.


Warranty Solutions Group Ltd (Registered number: 13257955)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement.

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 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 and that are expected to apply to the reversal of the timing difference.

Current or deferred taxation liabilities are not discounted.

Pension costs and other post-retirement benefits
The pension costs charged in the financial statements represent the contributions payable by the company for the year.


Going concern
At the time of approving the financial statements the Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Fixed asset investments
Unquoted equity investments are measured at cost. A review for impairment is carried out each year.

Leases
Rentals paid under operating leases are charged to the profit and loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 73 (2024 - 44 ) .

Warranty Solutions Group Ltd (Registered number: 13257955)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

4. INTANGIBLE FIXED ASSETS
IT
Development
£   
COST
At 1 May 2024 357,777
Additions 37,012
At 30 April 2025 394,789
AMORTISATION
At 1 May 2024 102,941
Amortisation for year 52,584
At 30 April 2025 155,525
NET BOOK VALUE
At 30 April 2025 239,264
At 30 April 2024 254,836

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2024 52,940 124,587 98,180 275,707
Additions 26,330 - 24,254 50,584
At 30 April 2025 79,270 124,587 122,434 326,291
DEPRECIATION
At 1 May 2024 18,366 19,009 50,477 87,852
Charge for year 11,277 26,395 28,345 66,017
At 30 April 2025 29,643 45,404 78,822 153,869
NET BOOK VALUE
At 30 April 2025 49,627 79,183 43,612 172,422
At 30 April 2024 34,574 105,578 47,703 187,855

Warranty Solutions Group Ltd (Registered number: 13257955)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2024 5,003
Additions 400,050
At 30 April 2025 405,053
NET BOOK VALUE
At 30 April 2025 405,053
At 30 April 2024 5,003

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 2,007,705 1,523,743
Amounts owed by group undertakings 95,421 -
Other debtors 285,388 1,397,322
2,388,514 2,921,065

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 505,497 -
Hire purchase contracts (see note 10)
13,322

14,985
Trade creditors 265,468 382,396
Amounts owed to group undertakings 17,766 1,017,108
Taxation and social security 734,230 449,827
Other creditors 2,010,673 1,867,582
3,546,956 3,731,898

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Bank loans 43,750 -
Hire purchase contracts (see note 10)
2,778

16,100
46,528 16,100

Warranty Solutions Group Ltd (Registered number: 13257955)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 13,322 14,985
Between one and five years 2,778 16,100
16,100 31,085

Non-cancellable
operating leases
2025 2024
£    £   
Within one year 143,399 105,989
Between one and five years 306,595 268,950
449,994 374,939

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
1,295 Ordinary £1 1,295 1,295
105 Ordinary 'A' Shares £1 105 105
1,400 1,400

12. SUBSIDIARIES

Details of the company's subsidiaries at 30 April 2025 are as follows:

Name of undertaking Registered
office
Nature of business Class of
shares held
% Held
Direct
Motorguard Warranties
Ltd
UK Uninsured warranties Ordinary 100.00
Freedom Warranties Ltd UK Uninsured warranties Ordinary 100.00
Warranty Professionals
Ltd
UK Insured warranties Ordinary 100.00
Freedom Warranty Ltd UK Uninsured warranties Ordinary 100.00
WSG Prep 4 Less Ltd UK Sales agency Ordinary 100.00
WSG Guardian Insurance
Ltd
Guernsey Insured warranties Ordinary 100.00