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REGISTERED NUMBER: 01853961 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Warranties Direct Limited

Warranties Direct Limited (Registered number: 01853961)

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

Company Information | 1 |

Chartered Accountants' Report | 2 |

Balance Sheet | 3 |

Notes to the Financial Statements | 4 |

Warranties Direct Limited

Company Information

for the Year Ended 31 December 2024

| DIRECTOR: | C M L Tait

| SECRETARY: | C M L Tait

| REGISTERED OFFICE: | Unit 2 The Antler Complex

| Bruntcliffe Way

| Morley

| Leeds

| West Yorkshire

| LS27 0JG

| REGISTERED NUMBER: | 01853961 (England and Wales)

| ACCOUNTANTS: | Ford Campbell Freedman Limited

| Chartered accountants

| 2nd Floor

| 33 Park Place

| Leeds

| LS1 2RY

Chartered Accountants' Report to the Director

on the Unaudited Financial Statements of

Warranties Direct Limited

The following reproduces the text of the report prepared for the director 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 Director 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 Warranties Direct Limited for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 director of Warranties Direct Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Warranties Direct Limited and state those matters that we have agreed to state to the director of Warranties Direct Limited 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 Warranties Direct Limited and its director for our work or for this report.

It is your duty to ensure that Warranties Direct 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 Warranties Direct Limited. You consider that Warranties Direct 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 Warranties Direct 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.

Ford Campbell Freedman Limited

Chartered accountants

2nd Floor

33 Park Place

Leeds

LS1 2RY

16 September 2025

Warranties Direct Limited (Registered number: 01853961)

Balance Sheet

31 December 2024

2024 | 2023 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 5 | 3,254 |  | 3,933 |  |

Investments | 6 | 4 |  | 4 |  |

3,258 |  | 3,937 |  |

CURRENT ASSETS

Debtors | 7 | 1,392,508 |  | 1,121,951 |  |

Cash at bank | 2,355,793 |  | 2,149,017 |  |

3,748,301 |  | 3,270,968 |  |

CREDITORS

Amounts falling due within one year | 8 | 3,178,198 |  | 2,689,283 |  |

NET CURRENT ASSETS | 570,103 |  | 581,685 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 573,361 |  | 585,622 |  |

PROVISIONS FOR LIABILITIES | 672 |  | 983 |  |

NET ASSETS | 572,689 |  | 584,639 |  |

CAPITAL AND RESERVES

Called up share capital | 75,000 |  | 75,000 |  |

Retained earnings | 497,689 |  | 509,639 |  |

572,689 |  | 584,639 |  |

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 director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 September 2025 and were signed by:

C M L Tait - Director

Warranties Direct Limited (Registered number: 01853961)

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Warranties Direct 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. | STATEMENT OF COMPLIANCE

| These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared on the historical cost basis.

| Revenue recognition

| Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable in respect of fees earned from the sale of warranties which are released to the profit and loss account in line with work done and are stated net of discounts and of Value Added Tax.

| Tangible fixed assets

| Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

| Depreciation

| Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures and fittings |  | 25% reducing balance |  |

| Computer equipment |  | 10% reducing balance |  |

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Taxation

| The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

| Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

| Hire purchase and leasing commitments

| Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Warranties Direct Limited (Registered number: 01853961)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

3. | ACCOUNTING POLICIES - continued

| Pension costs and other post-retirement benefits

| Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

| When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 37 (2023 - 27 ) .

5. | TANGIBLE FIXED ASSETS

Fixtures |

and | Computer |

fittings | equipment | Totals |

| £ | £ | £

| COST

| At 1 January 2024

| and 31 December 2024 | 23,380 |  | 71,401 |  | 94,781 |  |

| DEPRECIATION

| At 1 January 2024 | 20,459 |  | 70,389 |  | 90,848 |  |

| Charge for year | 566 |  | 113 |  | 679 |  |

| At 31 December 2024 | 21,025 |  | 70,502 |  | 91,527 |  |

| NET BOOK VALUE

| At 31 December 2024 | 2,355 |  | 899 |  | 3,254 |  |

| At 31 December 2023 | 2,921 |  | 1,012 |  | 3,933 |  |

6. | FIXED ASSET INVESTMENTS

Shares in |

group |

undertakings |

| £

| COST

| At 1 January 2024

| and 31 December 2024 | 4 |  |

| NET BOOK VALUE

| At 31 December 2024 | 4 |  |

| At 31 December 2023 | 4 |  |

| The company owns 100% of the issued share capital of Olympic Financial Consultants Limited which is incorporated in England and Wales.

| Olympic Financial Consultants Limited was dormant during the year.

Warranties Direct Limited (Registered number: 01853961)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

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

2024 | 2023 |

| £ | £

| Trade debtors | 174,793 |  | 163,486 |  |

| Amounts owed by group undertakings | 253,378 |  | 253,378 |  |

| Other debtors | 964,337 |  | 705,087 |  |

1,392,508 |  | 1,121,951 |  |

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

2024 | 2023 |

| £ | £

| Trade creditors | 54,966 |  | 90,542 |  |

| Taxation and social security | 219,780 |  | 238,548 |  |

| Other creditors | 2,903,452 |  | 2,360,193 |  |

3,178,198 |  | 2,689,283 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2024 | 2023 |

| £ | £

| Within one year | 41,110 |  | 41,110 |  |

| Between one and five years | 51,945 |  | 70,346 |  |

93,055 |  | 111,456 |  |

10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 | 2023 |

| £ | £

| C M L Tait

| Balance outstanding at start of year | 374,697 |  | 614,384 |  |

| Amounts advanced | 166,923 |  | 110,313 |  |

| Amounts repaid | - |  | (350,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 541,620 |  | 374,697 |  |

| The above loan is not interest bearing and is repayable on demand.

11. | RELATED PARTY DISCLOSURES

| CS & ST Limited

| Parent undertaking

| The company was under the control of Ms C Tait throughout the current and previous year.

2024 | 2023 |

| £ | £

| Amount due from related party at the balance sheet date | 253,378 |  | 253,378 |  |

Warranties Direct Limited (Registered number: 01853961)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

12. | ULTIMATE CONTROLLING PARTY

| The ultimate parent company is CS & ST Limited, a company incorporated in England & Wales.