| REGISTERED NUMBER: |
| Warranty Solutions Group Ltd |
| Report of the Directors and |
| Unaudited Financial Statements |
| for the Year Ended 30 April 2025 |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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. |
| Other changes in directors holding office are as follows: |
| 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: |
| Warranty Solutions Group Ltd (Registered number: 13257955) |
| Balance Sheet |
| 30 April 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible fixed assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Share premium |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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 |
| 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 |
| Additions |
| At 30 April 2025 |
| AMORTISATION |
| At 1 May 2024 |
| Amortisation for year |
| At 30 April 2025 |
| NET BOOK VALUE |
| At 30 April 2025 |
| At 30 April 2024 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 May 2024 |
| Additions |
| At 30 April 2025 |
| DEPRECIATION |
| At 1 May 2024 |
| Charge for year |
| At 30 April 2025 |
| NET BOOK VALUE |
| At 30 April 2025 |
| At 30 April 2024 |
| 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 |
| Additions |
| At 30 April 2025 |
| NET BOOK VALUE |
| At 30 April 2025 |
| At 30 April 2024 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts (see note 10) |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Hire purchase contracts (see note 10) |
| 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 |
| Between one and five years |
| Non-cancellable |
| operating leases |
| 2025 | 2024 |
| £ | £ |
| Within one year |
| Between one and five years |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary | £1 | 1,295 | 1,295 |
| 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 |