ACCOUNTS - Final Accounts preparation

Registered number: 04953861

MEDIAFLEET LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

MEDIAFLEET LIMITED

COMPANY INFORMATION

Directors	B J Smith
	C J Smith
	S M Smith


Registered number	04953861


Registered office	2 Communications Road
	Greenham Business Park
	Newbury
	Berkshire
	RG19 6AB


Independent auditor	James Cowper Kreston Audit
	Chartered Accountants and Statutory Auditor
	Apex
	Forbury Road
	Reading
	RG1 1AX

MEDIAFLEET LIMITED

CONTENTS

	Page
Directors' report	1 - 3
Independent auditor's report	4 - 7
Statement of comprehensive income	8
Balance sheet	9
Statement of changes in equity	10
Notes to the financial statements	11 - 22

MEDIAFLEET LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 30 JUNE 2025

The directors present their report and the financial statements for the year ended 30 June 2025.

Directors

The directors who served during the year were:

B J Smith

C J Smith

S M Smith

Directors' responsibilities statement

The directors are responsible for preparing 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.

Principal activity

The principal activities of the company are the design, prototype development, manufacture and installation of exterior graphics for commercial markets, primarily transportation and retail sales promotion.

Page 1

MEDIAFLEET LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

Business review

The investments made in the previous financial year, and the expansion of our main operating site at Witney meant that Mediafleet could support a further step forwards in sales in the year to June 2025. Customer activity remained buoyant for most of the period and, in spite of pressures on costs, we were able to deliver profit growth to match the additional revenue. During these twelve months we’ve delivered on our strategy to grow the business via customer acquisition, in the process delivering a more sustainable customer order book against which we can deliver operating efficiencies to increase profits. As the company has expanded a particular positive has been seeing the enthusiastic new members of the team working alongside their more experienced colleagues, and in the process demonstrating that Mediafleet’s specialist print, production and installation departments have very bright futures.

Liquidity remains a focus and ensuring that our growth does not come at the expense of a stable footing. Its pleasing to note therefore that our cash at bank improved by 17.5% set against sales growth of 25% during the year, which evidences a healthy level of discipline throughout the business at a very busy time. This will remain a priority for Mediafleet into the new financial year.

In spite of the positive figures and strong performance, we are maintaining a note of caution when looking ahead. Sentiment in the fleet market has deteriorated during 2025 as company transport teams struggle to interpret government policy and the general turbulence over new product in the automotive sector inevitably puts off buyers and delays decisions amongst large fleet users. Based on these market conditions we anticipate a potential reduction in ordering volumes in the new financial year which will put our commitment to competitive pricing under pressure. Having said this, an unpredictable environment is now familiar territory for businesses and we will continue to develop our customer proposition, ready to drive forwards when market conditions begin to improve.

Financial and Key Performance Indicators

The financial highlights of the period were:

•Gross sales increased by 25% to £12.25 million (2024: £9.79 million)

•Pre Tax Profit increased by 26% to £2.15 million (2024: £1.70 million)

Disclosure of information to auditor

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 auditor is 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 auditor is aware of that information.

Auditor

The auditor, James Cowper Kreston Audit, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

Page 2

MEDIAFLEET LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

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

B J Smith

Director

Date: 16 December 2025

Page 3

MEDIAFLEET LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MEDIAFLEET LIMITED

Opinion

We have audited the financial statements of Mediafleet Limited (the 'Company') for the year ended 30 June 2025, 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 30 June 2025 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 Auditor's 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 Auditor's 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

MEDIAFLEET LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MEDIAFLEET 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 Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Directors' report has 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 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; or

∙the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Directors' report and from the requirement to prepare a Strategic report.

Responsibilities of directors

As explained more fully in the Directors' responsibilities statement set out on page 1, 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

MEDIAFLEET LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MEDIAFLEET LIMITED (CONTINUED)

Auditor's 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 Auditor's 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:

The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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 Auditor's report.

The specific procedures for this engagement that we designed and performed to detect material misstatements in respect of irregularities, including fraud, were as follows:

∙Enquiry of management and those charged with governance around actual and potential litigation and claims;

∙Enquiry of management and those charged with governance to identify any material instances of non-compliance with laws and regulations;

∙Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

∙Performing audit work to address the risk of irregularities due to management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for evidence of bias.

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 Auditor's 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.

Page 6

MEDIAFLEET LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MEDIAFLEET LIMITED (CONTINUED)

Darren O'Connor (Hons) FCCA ACA (Senior Statutory Auditor)

for and on behalf of

James Cowper Kreston Audit

Chartered Accountants and Statutory Auditor

Apex

Forbury Road

Reading

RG1 1AX

16 December 2025

Page 7

MEDIAFLEET LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 30 JUNE 2025

	2025	As restated 2024
Note	£	£


Turnover		12,250,276	9,790,125
Cost of sales		(7,050,953)	(5,793,456)
Gross profit		5,199,323	3,996,669
Administrative expenses		(3,067,167)	(2,305,455)
Operating profit		2,132,156	1,691,214
Interest receivable and similar income		25,728	1,429
Interest payable and similar expenses		(12,157)	(13,595)
Profit before tax		2,145,727	1,679,048
Tax on profit	5	(514,794)	(446,549)
Profit for the financial year		1,630,933	1,232,499

There was no other comprehensive income for 2025 (2024: £NIL).

The notes on pages 11 to 22 form part of these financial statements.

Page 8

MEDIAFLEET LIMITED

REGISTERED NUMBER: 04953861

BALANCE SHEET

AS AT 30 JUNE 2025

		2025		As restated 2024
Note		£		£

Fixed assets
Intangible assets	6		18,800		19,581
Tangible assets	7		240,090		258,233
Investments	8		2		2
			258,892		277,816
Current assets
Stocks	9	296,944		155,127
Debtors: amounts falling due within one year	10	2,338,552		2,835,763
Cash at bank and in hand	11	1,954,243		1,664,795
		4,589,739		4,655,685
Creditors: amounts falling due within one year	12	(2,414,263)		(3,102,904)
Net current assets			2,175,476		1,552,781
Total assets less current liabilities			2,434,368		1,830,597
Creditors: amounts falling due after more than one year	13		(86,164)		(140,012)
Provisions for liabilities
Deferred tax	15	(56,744)		(61,447)
			(56,744)		(61,447)
Net assets			2,291,460		1,629,138

Capital and reserves
Called up share capital	16	2,427	2,427
Share premium account		147,761	147,761
Capital redemption reserve		1,033	1,033
Profit and loss account		2,140,239	1,477,917
		2,291,460	1,629,138

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

B J Smith

Director

Date: 16 December 2025

Page 9

MEDIAFLEET LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 JUNE 2025

	Called up share capital	Share premium account	Capital redemption reserve	Profit and loss account	Total equity
	£	£	£	£	£
At 1 July 2024 (as previously stated)	2,427	147,761	1,033	1,572,628	1,723,849
Prior year adjustment	-	-	-	(94,711)	(94,711)
At 1 July 2024 (as restated)	2,427	147,761	1,033	1,477,917	1,629,138

Profit for the year	-	-	-	1,630,933	1,630,933
Dividends: Equity capital	-	-	-	(968,611)	(968,611)
At 30 June 2025	2,427	147,761	1,033	2,140,239	2,291,460

The notes on pages 11 to 22 form part of these financial statements.

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 JUNE 2024

	Called up share capital	Share premium account	Capital redemption reserve	Profit and loss account	Total equity
	£	£	£	£	£
At 1 July 2023	2,427	147,761	1,033	1,070,374	1,221,595

Profit for the year (as restated)	-	-	-	1,232,499	1,232,499
Dividends: Equity capital	-	-	-	(824,956)	(824,956)
At 30 June 2024	2,427	147,761	1,033	1,477,917	1,629,138

The notes on pages 11 to 22 form part of these financial statements.

Page 10

MEDIAFLEET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1.	General information

Mediafleet Limited is a private limited company incorporated and domiciled in England and Wales with registered number 04953861.

The Company's registered office is 2 Communications Road, Greenham Business Park, Newbury, Berkshire, RG19 6AB. The Company's principle place of business is Windrush Industrial Park, Witney, Oxon, OX29 7HB.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue from the sales of goods is recognised at the point of invoice, which is when the final installation stage has been completed. Where large fleet projects are concerned involving large manufacturing runs of branding kits and rolling implementation across month ends, a percentage of the revenue relating to materials and manufacturing is recognised within Work In Progress.

Where customer projects do not involve an installation stage and we are contracted to manufacture only, then invoices are generated and revenue recognised at the point of dispatch.

2.3

Operating leases: the Company as lessee

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

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 11

MEDIAFLEET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

				Computer software	-	3	years
				Development expenditure	-	3	years

2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 12

MEDIAFLEET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.8

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis.

Depreciation is provided on the following basis:

Plant and machinery	-	25%	on the reducing balance
Motor vehicles	-	20%	on the reducing balance
Fixtures and fittings	-	15%	on the reducing balance
Improvement to property	-	20%	straight line
Computer equipment	-	25%	on the reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.11

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.

2.12

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.

2.13

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.

Page 13

MEDIAFLEET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 51 (2024 - 43).

4.	Dividends
		2025	2024
		£	£

	Dividend paid on equity capital	968,611	824,956
		968,611	824,956

5.	Taxation

		2025	2024
		£	£

Corporation tax
Current tax on profits for the year	541,744	406,038
Adjustments in respect of previous periods	(22,247)	(59)

Total current tax	519,497	405,979

Deferred tax
Short term timing differences	(4,703)	40,570
Total deferred tax	(4,703)	40,570


		514,794	446,549

Page 14

MEDIAFLEET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

5.Taxation (continued)

Factors affecting tax charge for the year
The tax assessed for the year is lower than (2024 - higher than) the standard rate of corporation tax in the UK of25% (2024 - 25%). The differences are explained below:
	2025	2024
	£	£

Profit on ordinary activities before tax

2,145,727

1,679,048

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	536,432	419,762
Effects of:
Expenses not deductible for tax purposes	673	3,168
Adjustment to tax charge in respect of previous periods	(22,247)	(59)
Other differences leading to an increase (decrease) in the tax charge	(64)	23,678
Total tax charge for the year	514,794	446,549

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 15

MEDIAFLEET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

6.	Intangible assets

	Development expenditure	Computer software	Goodwill	Total
	£	£	£	£
Cost
At 1 July 2024	22,000	38,918	10,600	71,518
Additions	-	9,438	-	9,438
At 30 June 2025	22,000	48,356	10,600	80,956
Amortisation
At 1 July 2024	22,000	19,337	10,600	51,937
Charge for the year	-	10,219	-	10,219
At 30 June 2025	22,000	29,556	10,600	62,156
Net book value
At 30 June 2025	-	18,800	-	18,800
At 30 June 2024	-	19,581	-	19,581

Page 16

MEDIAFLEET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

7.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Fixtures and fittings	Improvements to property	Computer equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 1 July 2024	495,718	28,950	95,100	197,228	109,912	926,908
Additions	24,624	-	1,342	24,046	21,295	71,307
Disposals	-	(28,950)	-	-	-	(28,950)
At 30 June 2025	520,342	-	96,442	221,274	131,207	969,265
Depreciation
At 1 July 2024	304,506	14,128	70,741	188,094	91,206	668,675
Charge for the year	53,958	247	3,832	6,838	10,000	74,875
Disposals	-	(14,375)	-	-	-	(14,375)
At 30 June 2025	358,464	-	74,573	194,932	101,206	729,175
Net book value
At 30 June 2025	161,878	-	21,869	26,342	30,001	240,090
At 30 June 2024	191,212	14,822	24,359	9,134	18,706	258,233

Page 17

MEDIAFLEET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

8.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 July 2024	2
	At 30 June 2025	2

	Net book value
	At 30 June 2025	2
	At 30 June 2024	2

Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name	Registered office	Class of shares	Holding

Motamedia Limited

Dormant company

Ordinary

100%

	The aggregate of the share capital and reserves as at 30 June 2025 and the profit or loss for the year ended on that date for the subsidiary undertaking was as follows:
	Name	Aggregate of share capital and reserves

Motamedia Limited

(2,176)

The subsidiary company is dormant hence there is no profit or loss in the year.

9.	Stocks
		2025	As restated 2024
		£	£

Raw materials and consumables	139,917	60,416
Work in progress	157,027	94,711
	296,944	155,127

Page 18

MEDIAFLEET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

10.

Debtors

					2025	2024
					£	£


Trade debtors	1,671,070	2,381,276
Amounts owed by group undertakings	1,309	1,309
Other debtors	416,977	119,066
Prepayments	249,196	334,112
	2,338,552	2,835,763

11.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	1,954,243	1,664,795
	1,954,243	1,664,795

12.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	-	10,173
Trade creditors	633,739	1,005,653
Corporation tax	269,280	406,038
Other taxation and social security	220,496	351,372
Obligations under finance lease and hire purchase contracts	40,655	40,655
Other creditors	1,006,728	1,066,525
Accruals and deferred income	243,365	222,488
	2,414,263	3,102,904

Other creditors includes £948,822 (2024: £996,923) due to debt factors. The liability is secured against a fixed and floating charge on all assets and undertakings of the company.

Page 19

MEDIAFLEET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

13.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	-	10,660
Net obligations under finance leases and hire purchase contracts	86,164	129,352
	86,164	140,012

14.	Loans
	Analysis of the maturity of loans is given below:
		2025	2024
		£	£

Amounts falling due within one year
Bank loans	-	10,173
Amounts falling due 1-2 years
Bank loans	-	10,660

	-	20,833

The bank loan due within one year and more than one year has a fixed and floating charge over all present and future assets of the company. The loan is interest bearing and repayable over the agreed terms and has been fully repaid during the year.

15.	Deferred taxation

		2025
		£

	At beginning of year	(61,447)
	Charged to profit or loss	4,703
	At end of year	(56,744)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

Fixed asset timing differences	(57,721)	(62,319)
Short term timing differences	977	872
	(56,744)	(61,447)

Page 20

MEDIAFLEET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

16.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1,265 (2023 - 1,265) A Ordinary shares of £1.00 each	1,265	1,265
556 (2023 - 556) B Ordinary shares of £1.00 each	556	556
486 (2023 - 486) C Ordinary shares of £1.00 each	486	486
120 (2023 - 120) D Ordinary shares of £1.00 each	120	120

	2,427	2,427

17.	Prior year adjustment

The prior year figures have been restated to correct a material error identified in the previous year’s financial statements. The error related to the double counting of Work in Progress and Prepayments, which resulted in an overstatement of assets. The adjustment has been recognised by restating the comparative figures and adjusting opening retained earnings. The effect of this restatement is a decrease in profit and net assets by £94,711.

18.	Pension commitments

The Company operates a defined pension contribution pension scheme. The assets of the scheme are held seperately from those of the Company in an independently administered fund. The pension costs charge represents contributions payable by the Company to the fund and amounted to £45,056 (2024: £36,386). Contributions totalling £9,094 (2024: £9,094) were payable at the balance sheet date.

19.	Commitments under operating leases
	At 30 June 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
		2025	2024
		£	£

Not later than 1 year	471,676	172,102
Later than 1 year and not later than 5 years	1,561,322	499,930
Later than 5 years	971,851	672,032
	3,004,849	1,344,064

Page 21

MEDIAFLEET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

20.

Related party transactions

At the balance sheet date the Company was owed £Nil (2024: £Nil) by Motamedia Limited, a subsidiary undertaking of Mediafleet Limited. During the period, the Company paid £540 (2024: £522) on behalf of Motamedia Limited in respect of bank charges.

During the year, the Company paid rent of £45,096 (2024: £45,096) for the house in which the directors Mr C Smith and Mrs S Smith resides. A substantial part of the property is used for accomodating the Company's administration office. Mr C Smith and Mrs S Smith bore £15,000 (2024: £15,000) of the cost of the rent.

At the balance sheet date Mr C Smith, a director of the Company owed £1,234 (2024: The company owed £23,896) in respect of a loan account, which is non-interest bearing and repayable on demand.

At the balance sheet date Mr B Smith, a director of the Company, owed £368,410 (2024: £83,010) in respect of a loan account. Of this balance, £355,910 bears interest at 7% and is being repaid at £12,500 per month. The remaining £12,500 is non-interest bearing and repayable on demand.

21.	Controlling party

The Company is controlled by B J Smith by virtue of his majority shareholding.

Page 22