ACCOUNTS - Final Accounts

Auditors' remuneration

During the year, the Company obtained the following services from the Company's auditors:

Registered number: 04343114

AKW Group Limited

Annual Report and Financial Statements

For the Year Ended 31 December 2024

AKW Group Limited

Company Information

Directors	M J Lyons
	B J Warrillow (appointed 21 December 2024)
	G Jenkins (appointed 21 December 2024)
	B J Germany (appointed 21 December 2024)
	G J Cox (appointed 7 April 2025)


Company secretary	M J Lyons


Registered number	04343114


Registered office	Alba Way Stretford Motorway Estate
	Stretford
	Manchester
	M32 0ZH


Independent auditors	Hurst Accountants Limited
	Chartered Accountants & Statutory Auditors
	3 Stockport Exchange
	Stockport
	Cheshire
	SK1 3GG

AKW Group Limited

Contents

	Page
Strategic Report	1
Directors' Report	2 - 3
Independent Auditors' Report	4 - 7
Statement of Comprehensive Income	8
Balance Sheet	9
Statement of Changes in Equity	10
Notes to the Financial Statements	11 - 18

AKW Group Limited

Strategic Report

For the Year Ended 31 December 2024

Introduction

The directors present the Strategic Report and financial statements for the year ended 31 December 2024.

Business review

The principal activity of the Company continues to be that of a holding company for its subsidiary undertakings. These subsidiaries are principally engaged in the provision of general haulage, distribution, and warehousing services across the UK.
The Company itself has not traded during the year as it remains an intermediate holding company. Accordingly, the directors consider the performance of the Company primarily in relation to the results of its subsidiaries and the value of its investments, which they remain satisfied with.
The Company reported a small profit, after taxation, for the year of £1,790 (2023: loss of £128). Net assets at 31 December 2024 were £2,910,656 (2023: £2,908,866), reflecting the modest increase in retained earnings for the year.

Directors' statement of compliance with duty to promote the success of the Company

The Companies Act 2006 requires directors to act in a way that promotes the success of the company for the benefit of its members as a whole, having regard to the matters set out in section 172(1)(a) to (f). In 2024, the directors discharged these duties by reviewing and considering proposals from senior management and governing the Company on behalf of its shareholders, while giving due regard to long-term value creation, employees, customers, suppliers, and other stakeholders within the Kinaxia group.

Principal risks and uncertainties

As the Company does not trade directly, it does not maintain financial risk management policies. Financing facilities are not in place at company level, and risks are managed at subsidiary level within the wider Kinaxia group.

Financial key performance indicators

As the Company does not trade directly, it does not use financial key performance indicators (KPIs).

Other key performance indicators

As the Company does not trade directly, it does not use non-financial key performance indicators (KPIs).

This report was approved by the board and signed on its behalf.

B J Warrillow

Director

Date: 19 September 2025

Page 1

AKW Group Limited

Directors' Report

For the Year Ended 31 December 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the year, after taxation, amounted to £1,790 (2023 - loss £128).

The directors do not propose a final dividend (2023: £Nil) and no dividends have been paid during the year.

Directors

The directors who served during the year were:

M J Lyons

B J Warrillow (appointed 21 December 2024)

G Jenkins (appointed 21 December 2024)

B J Germany (appointed 21 December 2024)

P Fields (resigned 21 December 2024)

G R Norfolk (resigned 21 December 2024)

Future developments

The Company will continue to act as a non-trading intermediate holding company within the Kinaxia group. The directors will monitor subsidiary performance and do not anticipate any material changes to the nature of the Company’s activities in the next financial year.

Page 2

AKW Group Limited

Directors' Report (continued)

For the Year Ended 31 December 2024

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Post balance sheet events

There have been no significant events affecting the Company since the year end.

Auditors

The auditors, Hurst Accountants Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

B J Warrillow

Director

Date: 19 September 2025

Page 3

AKW Group Limited

Independent Auditors' Report to the Members of AKW Group Limited

Opinion

We have audited the financial statements of AKW Group Limited (the 'Company') for the year ended 31 December 2024, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the Company's affairs as at 31 December 2024 and of its profit for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 4

AKW Group Limited

Independent Auditors' Report to the Members of AKW Group Limited (continued)

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

∙the financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Page 5

AKW Group Limited

Independent Auditors' Report to the Members of AKW Group Limited (continued)

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.
Identifying and assessing potential risks related to irregularities
In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

∙The nature of the industry and sector in which the Company operates; the control environment and business performance including key drivers for directors' remuneration, bonus levels and performance targets.

∙The outcome of enquiries of local management and parent company management, including whether management was aware of any instances of non-compliance with laws and regulations, and whether management had knowledge of any actual, suspected, or alleged fraud.

∙Supporting documentation relating to the Company's policies and procedures for

°Identifying, evaluating, and complying with laws and regulations

°Detecting and responding to the risks of fraud

∙The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.

∙The outcome of discussions amongst the engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

∙The legal and regulatory frameworks that the Company operates in, focusing on those laws and regulations that had a
direct effect on the financial statements, such as the Companies Act 2006, pensions and tax legislation, or that had a
fundamental effect on the operations of the Company, including General Data Protection Regulation requirements,
Anti-Bribery and Corruption legislation, the Goods Vehicles (Licensing of Operators) Regulations 1995, the Road
Traffic Act 1988, the Vehicle Drivers Regulations, the Working Time Regulations 1998, and the Health and Safety at
Work Act 1974.

Audit response to risks identified
Our procedures to respond to the risks identified included the following:

∙Reviewing the financial statements disclosures and testing to supporting documentation to assess compliance with the provisions of those relevant laws and regulations which have a direct effect on the financial statements.

∙Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud.

∙Evaluation of the operating effectiveness of management’s controls designed to prevent and detect irregularities.

∙Enquiring of management about any actual and potential litigation and claims.

∙Performing analytical procedures to identify any unusual or unexpected relationships which may indicate risks of material misstatement due to fraud.

Page 6

AKW Group Limited

Independent Auditors' Report to the Members of AKW Group Limited (continued)

We have also considered the risk of fraud through management override of controls by:

∙Testing the appropriateness of journal entries and other adjustments. We have used data analytics software to identify accounting transactions which may pose a heightened risk of material misstatement, whether due to fraud or error.

∙Challenging assumptions made by management in their significant accounting estimates, and assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and

∙Evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
There are inherent limitations in the audit procedures described above, and the further removed non-compliance with laws and regulations are from the events and transactions reflected in the financial statements, the less likely we would become aware of them. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Use of our report

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

John Glover (Senior Statutory Auditor)

for and on behalf of

Hurst Accountants Limited

Chartered Accountants & Statutory Auditors

3 Stockport Exchange

Stockport

Cheshire

SK1 3GG

19 September 2025

Page 7

AKW Group Limited

Statement of Comprehensive Income

For the Year Ended 31 December 2024

	2024	2023
Note	£	£


Administrative expenses		(62)	(136)
Operating loss		(62)	(136)
Interest receivable and similar income	6	1,852	8
Profit/(loss) for the financial year		1,790	(128)

There was no other comprehensive income for 2024 (2023:£NIL).

The notes on pages 11 to 18 form part of these financial statements.

Page 8

AKW Group Limited

Registered number: 04343114

Balance Sheet

As at 31 December 2024

		2024		2023
Note		£		£

Fixed assets
Investments	8		877,570		877,570
Current assets
Debtors: amounts falling due within one year	9	6,915,796		6,911,446
Cash at bank and in hand	10	2,175		4,735
		6,917,971		6,916,181
Creditors: amounts falling due within one year	11	(4,884,885)		(4,884,885)
Net current assets			2,033,086		2,031,296
Total assets less current liabilities			2,910,656		2,908,866
Net assets			2,910,656		2,908,866

Capital and reserves
Called up share capital	12	88,022	88,022
Share premium account	13	1,734,329	1,734,329
Profit and loss account	13	1,088,305	1,086,515
		2,910,656	2,908,866

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

B J Warrillow

Director

Date: 19 September 2025

The notes on pages 11 to 18 form part of these financial statements.

Page 9

AKW Group Limited

Statement of Changes in Equity

For the Year Ended 31 December 2024

	Called up share capital	Share premium account	Profit and loss account	Total equity
	£	£	£	£
At 1 January 2024	88,022	1,734,329	1,086,515	2,908,866
Comprehensive income for the year
Profit for the year	-	-	1,790	1,790
Total comprehensive income for the year	-	-	1,790	1,790
At 31 December 2024	88,022	1,734,329	1,088,305	2,910,656

The notes on pages 11 to 18 form part of these financial statements.

Statement of Changes in Equity

For the Year Ended 31 December 2023

	Called up share capital	Share premium account	Profit and loss account	Total equity
	£	£	£	£
At 1 January 2023	88,022	1,734,329	1,086,643	2,908,994
Comprehensive income for the year
Loss for the year	-	-	(128)	(128)
Total comprehensive income for the year	-	-	(128)	(128)
At 31 December 2023	88,022	1,734,329	1,086,515	2,908,866

The notes on pages 11 to 18 form part of these financial statements.

Page 10

AKW Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2024

1.	General information

AKW Group Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office and principal place of business is Alba Way Stretford Motorway Estate, Stretford, Manchester, England, M32 0ZH. The Company's registered number is 04343114.
The principal activity is that of a non-trading holding company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary
amounts in these financial statements are rounded to the nearest £1.

The following principal accounting policies have been applied:

2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Kinaxia Limited as at 31 December 2024 and these financial statements may be obtained from Registrar of Companies.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 11

AKW Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2024

2.Accounting policies (continued)

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company’s financial instruments comprise cash, amounts owed by group undertakings and amounts owed to group undertakings. All instruments are basic and are measured at amortised cost using the effective interest method, where applicable. Short-term receivables and payables are measured at transaction price. Financial assets are assessed for impairment at each reporting date and a loss is recognised where expected cash flows are adversely affected. The Company does not use derivative financial instruments and has no external borrowings.

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make significant judgements and estimates that affect amounts recognised for assets and liabilities at the reporting date and the amounts of revenue and expenses incurred during the period. Actual outcomes may differ from these judgements, estimates and assumptions.
The directors believe that judgements, estimates and assumptions do not have a significant risk of causing a material difference to the carrying amount of the assets and liabilities within the next financial year.

Page 12

AKW Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2024

Fees payable to the Company's auditors for the audit of the Company's financial statements

2,100

1,150

The Company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent Company.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

6.	Interest receivable
		2024	2023
		£	£

Interest received on overpaid tax	1,845	-
Bank interest receivable	7	8
	1,852	8

Page 13

AKW Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2024



Total current tax	-	-

Profit/(loss) on ordinary activities before tax

1,790

(128)

Profit/(loss) on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 23.5%)	448	(30)
Effects of:
Deferred tax asset on losses not recognised	(32)	30
Group relief	(416)	-
Total tax charge for the year	-	-

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 14

AKW Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2024

8.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2024	4,156,335
	At 31 December 2024	4,156,335
	Impairment
	At 1 January 2024	3,278,765
	At 31 December 2024	3,278,765
	Net book value
	At 31 December 2024	877,570
	At 31 December 2023	877,570

Page 15

AKW Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2024

Subsidiary undertakings
The following were subsidiary undertakings of the Company:
Name	Registered office	Principal activity	Class of shares	Holding

AKW Warehousing Limited	26 Bond, Europa Way, Trafford Park, Manchester, M17 1WF	Non-trading holding company	Ordinary	100%
*Kinaxia Logistics & Fulfilment Ltd	26 Bond, Europa Way, Trafford Park, Manchester, M17 1WF	General warehousing and contract packing	Ordinary	100%
AKW Global Logistics Limited	Alba Way Stretford Motorway Estate, Stretford, Manchester, England, M32 0ZH	Haulage and distribution	Ordinary	100%
*AKW Global Logistics Birmingham Limited	Deer Park Court Deer Park Court, Donnington Wood, Telford, England, TF2 7NA	Ceased trading during the year (previously haulage and distribution)	Ordinary	100%
Global Logistics (UK) Limited	Alba Way, Stretford Motorway Estate, Manchester, M32 0ZH	Dormant	Ordinary	100%
*AKW Global Warehousing Ltd	26 Bond, Europa Way Europa Way, Trafford Park, Manchester, England, M17 1WF	Dormant	Ordinary	100%
A.K. Worthington Ltd	C/O Akw Global Logistics- Alba Way Stretford Motorway Estate, Stretford, Manchester, M32 0ZH	Dormant	Ordinary	100%

*Indirect subsidiary.

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	6,906,811	6,876,455
Other debtors	6,413	34,978
Prepayments and accrued income	2,572	13
	6,915,796	6,911,446

Amounts due from group undertakings are repayable on demand, unsecured and bear no interest.

Page 16

AKW Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2024

10.	Cash and cash equivalents
		2024	2023
		£	£

	Cash at bank and in hand	2,175	4,735

11.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Amounts owed to group undertakings	4,871,839	4,871,839
Other taxation and social security	7,639	7,639
Accruals and deferred income	5,407	5,407
	4,884,885	4,884,885

Amounts due to group undertakings are repayable on demand, unsecured and bear no interest.

12.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

55,550 (2023 - 55,550) A Ordinary Shares shares of £1.00 each	55,550	55,550
4,398 (2023 - 4,398) B Ordinary Shares shares of £1.00 each	4,398	4,398
6,206 (2023 - 6,206) C Ordinary Shares shares of £0.01 each	62	62
22,005 (2023 - 22,005) D Ordinary Shares shares of £1.00 each	22,005	22,005
694 (2023 - 694) E Ordinary Shares shares of £0.01 each	7	7
300 (2023 - 300) F Ordinary Shares shares of £10.00 each	3,000	3,000
300 (2023 - 300) G Ordinary Shares shares of £10.00 each	3,000	3,000

	88,022	88,022

The A and B Ordinary Shares do not have voting rights or rights to attend general meetings.
Holders of D Ordinary Shares have priority in the return of assets.
In liquidation or capital reduction, the rights of the A, B, D, C, E, F, and G shares are as per the company’s articles of association.

Page 17

AKW Group Limited

Notes to the Financial Statements

For the Year Ended 31 December 2024

13.

Reserves

Share premium account

Share premium includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.

Profit and loss account

The profit and loss account includes all current and prior retained profits and losses after dividends.

14.	Contingent liabilities

On 3 March 2022, the Company granted a fixed and floating charge over its assets in favour of Sanne Group (UK) Limited, acting as a security agent.
On 21 December 2024, the Company granted a fixed and floating charge over its assets in favour of Apex Group Hold Co (UK) Limited, acting as a security agent.

15.	Related party transactions
	The Company has taken advantage of the exemption in FRS 102 not to disclose transactions entered into between two or more members of a group whereby the subsidiary that is a party to transaction is wholly owned by a member.

16.	Controlling party

The Company is a wholly owned subsidiary of Kinaxia Transport and Warehousing Limited, a company incorporated in England and Wales, company number 09447448.
Kinaxia Limited is the parent company for the smallest and largest group for which consolidated group accounts are prepared. The registered address of Kinaxia Limited is Alba Way Stretford Motorway Estate, Stretford, Manchester, England, M32 0ZH.
The consolidated financial statements of Kinaxia Limited are available to the public and may be obtained from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.
As at 31 December 2024, the ultimate controlling party of Kinaxia Limited is DELALV Delaware Holdco, L.L.C., a company registered in Delaware, USA. The sole shareholder of DELALV Delaware Holdco, L.L.C. is DELALV Portfolios, L.L.C..
Dr D.E. Shaw is considered the controlling party of Kinaxia Limited due to his ownership of the voting rights.

Page 18