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REGISTERED NUMBER: 06591088 (England and Wales)

| Financial Statements |

| for the Year Ended 31 December 2024 |

| for |

| Permanently Installed Cradle Maintenance |

| Limited |

| Permanently Installed Cradle Maintenance |

| Limited (Registered number: 06591088) |

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Permanently Installed Cradle Maintenance |

| Limited |

Company Information

for the Year Ended 31 December 2024

| DIRECTORS: | D R Armitage

| R D Armitage

| D T I Graham

| SECRETARY: | R D Armitage

| REGISTERED OFFICE: | 7 Hungate

| Pickering

| North Yorkshire

| YO18 7DL

| REGISTERED NUMBER: | 06591088 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Phillipa Symington ACA, CA(SA)

| AUDITORS: | Clive Owen LLP

| Chartered Accountants

| & Statutory Auditors

| Oak Tree House, Harwood Road

| Northminster Business Park

| Upper Poppleton

| York

| YO26 6QU

| Permanently Installed Cradle Maintenance |

| Limited (Registered number: 06591088) |

Balance Sheet

31 December 2024

| 2024 |  | 2023

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 64,105 |  | 83,583 |  |

CURRENT ASSETS

Debtors | 5 | 103,897 |  | 298,553 |  |

Cash at bank and in hand | 503,089 |  | 643,306 |  |

606,986 |  | 941,859 |  |

CREDITORS

Amounts falling due within one year | 6 | (373,150 | ) | (800,405 | ) |

NET CURRENT ASSETS | 233,836 |  | 141,454 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 297,941 |  | 225,037 |  |

CREDITORS

Amounts falling due after more than one year | 7 | - |  | (21,128 | ) |

PROVISIONS FOR LIABILITIES | 10 | (13,515 | ) | (7,180 | ) |

NET ASSETS | 284,426 |  | 196,729 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 1 |  | 1 |  |

Retained earnings | 284,425 |  | 196,728 |  |

SHAREHOLDERS' FUNDS | 284,426 |  | 196,729 |  |

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

D R Armitage - Director

| Permanently Installed Cradle Maintenance |

| Limited (Registered number: 06591088) |

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Permanently Installed Cradle Maintenance 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.

| There were no material departures from that standard.

| The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

| Going Concern

| The directors assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date the financial statements are approved.

| The financial statements are prepared on the going concern basis which assumes that the group will continue to trade. If the group is unable to continue to trade, adjustments would be required to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that might arise and to analyse long term liabilities as current liabilities.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

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

| Income recognition

| Income is recognised when the conditions contained within a contract for services have been met.

| 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 shorter:

| Plant and machinery |  | - between 1 and 3 years |  |

| Fixtures and fittings |  | - between 1 and 3 years |  |

| Motor Vehicles |  | - between 1 and 3 years |  |

| Computer equipment |  | - between 1 and 3 years |  |

| Tangible fixed assets are recognised at cost then subsequently at cost less accumulated depreciation and impairment.

| The company writes down motor vehicles on a straight line basis to their estimated residual values at the end of their useful lives of 2 or 3 years.

| Permanently Installed Cradle Maintenance |

| Limited (Registered number: 06591088) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

| 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 10 (2023 - 12 ) .

| Permanently Installed Cradle Maintenance |

| Limited (Registered number: 06591088) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |  | Computer |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 January 2024 | 42,303 |  | 7,278 |  | 194,069 |  | 19,242 |  | 262,892 |  |

| Additions | 2,955 |  | 1,954 |  | 33,833 |  | 795 |  | 39,537 |  |

| Disposals | - |  | - |  | (85,113 | ) | - |  | (85,113 | ) |

| At 31 December 2024 | 45,258 |  | 9,232 |  | 142,789 |  | 20,037 |  | 217,316 |  |

| DEPRECIATION

| At 1 January 2024 | 41,486 |  | 7,081 |  | 111,729 |  | 19,013 |  | 179,309 |  |

| Charge for year | 1,390 |  | 1,095 |  | 34,836 |  | 693 |  | 38,014 |  |

| Eliminated on disposal | - |  | - |  | (64,112 | ) | - |  | (64,112 | ) |

| At 31 December 2024 | 42,876 |  | 8,176 |  | 82,453 |  | 19,706 |  | 153,211 |  |

| NET BOOK VALUE

| At 31 December 2024 | 2,382 |  | 1,056 |  | 60,336 |  | 331 |  | 64,105 |  |

| At 31 December 2023 | 817 |  | 197 |  | 82,340 |  | 229 |  | 83,583 |  |

| Fixed assets, included in the above, which are held under finance leases are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 January 2024 | 83,013 |  |

| Disposals | (42,767 | ) |

| At 31 December 2024 | 40,246 |  |

| DEPRECIATION

| At 1 January 2024 | 29,174 |  |

| Charge for year | 23,558 |  |

| Eliminated on disposal | (32,266 | ) |

| At 31 December 2024 | 20,466 |  |

| NET BOOK VALUE

| At 31 December 2024 | 19,780 |  |

| At 31 December 2023 | 53,839 |  |

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

2024 | 2023 |

£ | £ |

| Trade debtors | 92,015 |  | 285,318 |  |

| Amounts owed by group undertakings | 736 |  | 6,525 |  |

| Prepayments | 11,146 |  | 6,710 |  |

103,897 |  | 298,553 |  |

| Permanently Installed Cradle Maintenance |

| Limited (Registered number: 06591088) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

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

2024 | 2023 |

£ | £ |

| Finance leases (see note 8) | 21,128 |  | 32,942 |  |

| Trade creditors | - |  | 6,631 |  |

| Amounts owed to group undertakings | 48,411 |  | 535,536 |  |

| Taxation and social security | 61,386 |  | 93,336 |  |

| Other creditors | 24,212 |  | 32,927 |  |

| Accruals and deferred income | 218,013 |  | 99,033 |  |

373,150 |  | 800,405 |  |

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

2024 | 2023 |

£ | £ |

| Finance leases (see note 8) | - |  | 21,128 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments under finance leases fall due as follows:

| Finance leases |

2024 | 2023 |

£ | £ |

| Net obligations repayable:

| Within one year | 21,128 |  | 32,942 |  |

| Between one and five years | - |  | 21,128 |  |

21,128 |  | 54,070 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

£ | £ |

| Finance leases | 21,128 |  | 54,070 |  |

| The finance lease liabilities are secured against the assets to which they relate.

10. | PROVISIONS FOR LIABILITIES

2024 | 2023 |

£ | £ |

| Deferred tax | 7,015 |  | 680 |  |

| Other provisions | 6,500 |  | 6,500 |  |

13,515 |  | 7,180 |  |

| Permanently Installed Cradle Maintenance |

| Limited (Registered number: 06591088) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

10. | PROVISIONS FOR LIABILITIES - continued

| Deferred |  | Other |

| tax |  | provisions |

£ | £ |

| Balance at 1 January 2024 | 680 |  | 6,500 |  |

| Provided during year | 6,335 |  | - |  |

| Balance at 31 December 2024 | 7,015 |  | 6,500 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 1 | Ordinary | £1 | 1 |  | 1 |  |

12. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Phillipa Symington ACA, CA(SA) (Senior Statutory Auditor)

| for and on behalf of Clive Owen LLP

13. | ULTIMATE CONTROLLING PARTY

| The ultimate parent company is Zarafa Holdco Limited, a private company, limited by shares, registered in England and Wales. The company's registered office is 7 Hungate, Pickering, North Yorkshire, YO18 7DL.

| The parent undertaking is Zarafa Group Limited, a private company, limited by shares, registered in England and Wales. The company's registered office is 7 Hungate, Pickering, North Yorkshire, YO18 7DL.