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REGISTERED NUMBER: 04438057 (England and Wales)

Financial Statements

for the Period 31st December 2023 to 28th December 2024

for

Swains Logistics Limited

| Swains Logistics Limited (Registered number: 04438057) |

Contents of the Financial Statements

for the period 31st December 2023 to 28th December 2024

Page |

| Company Information | 1 |

| Chartered Accountants' Report | 2 |

| Balance Sheet | 3 |

| Notes to the Financial Statements | 4 |

| Swains Logistics Limited |

Company Information

for the period 31st December 2023 to 28th December 2024

| DIRECTORS: | M. Deer

| S. J. Rigby

| J. H. Wyatt

| REGISTERED OFFICE: | 1-3 Manor Road

| Chatham

| Kent

| ME4 6AE

| REGISTERED NUMBER: | 04438057 (England and Wales)

| ACCOUNTANTS: | Beak Kemmenoe

| Chartered Accountants

| 1-3 Manor Road

| Chatham

| Kent

| ME4 6AE

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Swains Logistics 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 Swains Logistics Limited for the period ended 28th December 2024 which comprise the Income Statement, 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 Swains Logistics 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 Swains Logistics Limited and state those matters that we have agreed to state to the Board of Directors of Swains Logistics 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 Swains Logistics Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Swains Logistics 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 profit of Swains Logistics Limited. You consider that Swains Logistics Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Swains Logistics 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.

Beak Kemmenoe

Chartered Accountants

1-3 Manor Road

Chatham

Kent

ME4 6AE

12th September 2025

| Swains Logistics Limited (Registered number: 04438057) |

Balance Sheet

28th December 2024

| 2024 |  | 2023

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 4 | 681,276 |  | 681,276 |  |

CREDITORS

Amounts falling due within one year | 5 | 242,012 |  | 242,012 |  |

NET CURRENT ASSETS | 439,264 |  | 439,264 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 439,264 |  | 439,264 |  |

CAPITAL AND RESERVES

Called up share capital | 58,676 |  | 58,676 |  |

Retained earnings | 380,588 |  | 380,588 |  |

SHAREHOLDERS' FUNDS | 439,264 |  | 439,264 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28th December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28th 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.

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 12th September 2025 and were signed on its behalf by:

M. Deer - Director

| Swains Logistics Limited (Registered number: 04438057) |

Notes to the Financial Statements

for the period 31st December 2023 to 28th December 2024

1. | STATUTORY INFORMATION

| Swains Logistics 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.

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.

| Financial instruments

| Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument. 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 deducting all of its liabilities.

| All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| Financial assets and liabilities are only offset in the balance sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

| Debt instruments that comply with all of the conditions of paragraph 11.9 of FRS 102 are classified as 'basic'. For debt instruments that do not meet the conditions of FRS 102.11.9, the company considers whether the debt instrument is consistent with the principle in paragraph 11.9A of FRS 102 in order to determine whether it can be classified as basic. Instruments classified as 'basic' financial instruments are measured subsequently at amortised cost using the effective interest method. Debt instruments that have no stated interest rate (and do not constitute financing transaction) and are classified as payable or receivable within one year are initially measured at an undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.

| With the exception of some hedging instruments, other debt instruments not meeting conditions of being 'basic' financial instruments are measured at fair value through profit or loss.

| Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.

| Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

| Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

| Swains Logistics Limited (Registered number: 04438057) |

Notes to the Financial Statements - continued

for the period 31st December 2023 to 28th December 2024

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 3 (2023 - 3 ) .

4. | DEBTORS

2024 | 2023 |

£ | £ |

| Amounts falling due within one year:

| Other debtors and prepayments | 354,992 |  | 354,992 |  |

| Amounts falling due after more than one year:

| Other debtors and prepayments | 326,284 |  | 326,284 |  |

| Aggregate amounts | 681,276 |  | 681,276 |  |

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

2024 | 2023 |

£ | £ |

| Other creditors and accruals | 242,012 |  | 242,012 |  |