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REGISTERED NUMBER: 04424250 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 December 2024 |

| for |

| Linkline Express Services Limited |

| Linkline Express Services Limited (Registered number: 04424250) |

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Accountants' Report | 8 |

| Linkline Express Services Limited |

Company Information

for the Year Ended 31 December 2024

| DIRECTORS: | G A Culbertson

| Mrs R Culbertson

| SECRETARY: | Mrs R Culbertson

| REGISTERED OFFICE: | Unit N Dorset Road

| Saltley Business Park

| Saltley

| Birmingham

| West Midlands

| B8 1BG

| REGISTERED NUMBER: | 04424250 (England and Wales)

| ACCOUNTANTS: | Tomkinson Teal (Lichfield) LLP

| Hanover Court

| 5 Queen Street

| Lichfield

| Staffordshire

| WS13 6QD

| Linkline Express Services Limited (Registered number: 04424250) |

Balance Sheet

31 December 2024

| 2024 |  | 2023

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 656,765 |  | 793,431 |  |

Investments | 5 | 275,000 |  | 125,000 |  |

931,765 |  | 918,431 |  |

CURRENT ASSETS

Debtors | 6 | 799,626 |  | 964,957 |  |

Cash at bank and in hand | 221,803 |  | 323,811 |  |

1,021,429 |  | 1,288,768 |  |

CREDITORS

Amounts falling due within one year | 7 | (1,185,624 | ) | (1,004,408 | ) |

NET CURRENT (LIABILITIES)/ASSETS | (164,195 | ) | 284,360 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 767,570 |  | 1,202,791 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (109,350 | ) | (250,155 | ) |

PROVISIONS FOR LIABILITIES | (161,652 | ) | (191,960 | ) |

NET ASSETS | 496,568 |  | 760,676 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Retained earnings | 496,468 |  | 760,576 |  |

SHAREHOLDERS' FUNDS | 496,568 |  | 760,676 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

| Linkline Express Services Limited (Registered number: 04424250) |

Balance Sheet - continued

31 December 2024

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2025 and were signed on its behalf by:

G A Culbertson - Director

| Linkline Express Services Limited (Registered number: 04424250) |

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Linkline Express Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Turnover

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

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery | - | 15% on reducing balance

| Fixtures and fittings | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

| Linkline Express Services Limited (Registered number: 04424250) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 44 (2023 - 46 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |

| machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2024 | 260,559 |  | 121,796 |  | 1,785,318 |  | 2,167,673 |  |

| Additions | 8,812 |  | 3,028 |  | 48,450 |  | 60,290 |  |

| At 31 December 2024 | 269,371 |  | 124,824 |  | 1,833,768 |  | 2,227,963 |  |

| DEPRECIATION

| At 1 January 2024 | 185,873 |  | 71,368 |  | 1,117,001 |  | 1,374,242 |  |

| Charge for year | 12,525 |  | 7,748 |  | 176,683 |  | 196,956 |  |

| At 31 December 2024 | 198,398 |  | 79,116 |  | 1,293,684 |  | 1,571,198 |  |

| NET BOOK VALUE

| At 31 December 2024 | 70,973 |  | 45,708 |  | 540,084 |  | 656,765 |  |

| At 31 December 2023 | 74,686 |  | 50,428 |  | 668,317 |  | 793,431 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 January 2024 | 991,396 |  |

| Transfer to ownership | (241,900 | ) |

| At 31 December 2024 | 749,496 |  |

| DEPRECIATION

| At 1 January 2024 | 465,859 |  |

| Charge for year | 115,489 |  |

| Transfer to ownership | (157,526 | ) |

| At 31 December 2024 | 423,822 |  |

| NET BOOK VALUE

| At 31 December 2024 | 325,674 |  |

| At 31 December 2023 | 525,537 |  |

| Linkline Express Services Limited (Registered number: 04424250) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 January 2024 | 125,000 |  |

| Additions | 150,000 |  |

| At 31 December 2024 | 275,000 |  |

| NET BOOK VALUE

| At 31 December 2024 | 275,000 |  |

| At 31 December 2023 | 125,000 |  |

| Fixed asset investments consists of 25 Network Member Shares with a nominal value of £1 in the capital of Pall-Ex Investments Limited on which a share premium of £4,999 per share has been paid and a further 15 Network Member Shares, acquired during the year, with a nominal value of £1 in the capital of Pall-Ex Investments Limited in which a share premium of £9,999 per share has been paid.

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 706,572 |  | 774,093 |  |

| Other debtors | 93,054 |  | 190,864 |  |

799,626 |  | 964,957 |  |

| Trade debtors include amounts totalling £253,480 (2023 - £403,160), which are assigned under a factoring agreement.

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 10,409 |  | 10,562 |  |

| Hire purchase contracts | 143,434 |  | 186,232 |  |

| Trade creditors | 496,051 |  | 318,501 |  |

| Taxation and social security | 173,309 |  | 222,202 |  |

| Other creditors | 362,421 |  | 266,911 |  |

1,185,624 |  | 1,004,408 |  |

| Other creditors includes factored debt advances totalling £248,035 (2023 - £149,502), which are secured against certain trade debtors.

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans | 5,237 |  | 15,707 |  |

| Hire purchase contracts | 104,113 |  | 234,448 |  |

109,350 |  | 250,155 |  |

| Linkline Express Services Limited (Registered number: 04424250) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 70 | Ordinary A | 1 | 70 |  | 70 |  |

| 25 | Ordinary B | 1 | 25 |  | 25 |  |

| 5 | Ordinary C | £1 | 5 |  | 5 |  |

100 |  | 100 |  |

| The A ordinary shares, B ordinary shares and C ordinary shares are separate classes of shares for the purpose of declaring dividends.

| In all other respects the shares rank pari passu.

10. | OTHER FINANCIAL COMMITMENTS

| As at 31 December 2024, there were outstanding pension contributions of £10,068 (2023 - £10,040).

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Linkline Express Services Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Linkline Express Services Limited for the year ended 31 December 2024 which comprise the Profit and loss account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Linkline Express Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Linkline Express Services Limited and state those matters that we have agreed to state to the Board of Directors of Linkline Express Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Linkline Express Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Linkline Express Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Linkline Express Services Limited. You consider that Linkline Express Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Linkline Express Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

4 March 2025