REGISTERED NUMBER: 04111446 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

STRIKE FORCE INTERNATIONAL LTD

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Statement of Income and Retained Earnings

9

Balance Sheet

10

Cash Flow Statement

11

Notes to the Financial Statements

12

DIRECTORS:

M Wallace

M R Wallace

REGISTERED OFFICE:

6-8 Wildmere Park

10 Wildmere Road

Banbury

Oxfordshire

OX16 3JU

REGISTERED NUMBER:

04111446 (England and Wales)

AUDITORS:

SBCA Statutory Auditor

17 Moor Park Avenue

Preston

Lancashire

PR1 6AS

The directors present their strategic report for the year ended 31 March 2025.

Strike Force International Limited's core business centres around distribution. A customer driven approach across all functions enables the company to ensure consistently high quality across its' offering.

REVIEW OF BUSINESS

The company reported a profit before tax in the year of £1,919,558 (2024: £804,790) on a turnover of £20.4m (2024: £14.8m). Gross profit for the year increased to £5.85m (2024: £3.67m).

PRINCIPAL RISKS AND UNCERTAINTIES

The directors are of the opinion that there are no principal risks facing the company, however the company monitors the following risks:

Credit Risk

The risk of default on a debt may arise from a customer failing to make the necessary payments. The primary risk lies with the us and includes lost income, disruption to cash flow, and increased collection costs. Weekly management information allows us to identify any credit risk in good time and address as necessary.

Operational Risk

The risk of loss arising from inadequate or failed procedures, systems or policies, employee errors, system failure, fraud, or other criminal activity - indeed any event that disrupts business processes. The company has a comprehensive suite of policies and procedures covering its operational activities that is subject to regular review and revision.

EXPECTED FUTURE DEVELOPMENTS

The company will continue to improve its offering of market leading solutions to our customers problems and challenges.

The outlook for 2025/2026 remains positive, despite the current economic uncertainty, and performance is expected to improve further as the company continues to provide excellent customer service.

KEY PERFORMANCE INDICATORS

The company implements a number of key performance indicators which are reviewed on a regular basis. A summary of the tracked key performance indicators are as follows:

2024

2025

Turnover

£14.8m

£20.4m

Gross Profit

£3.67m

£5.85m

Net Profit before tax

£0.8m

£1.91m

Reserves

£0.67m

£1.42m

ON BEHALF OF THE BOARD:

M R Wallace - Director

24 December 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of Couriers.

DIVIDENDS

The total distribution of dividends for the year ended 31 March 2025 will be £ 669,380 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

M Wallace

M R Wallace

DONATIONS AND EXPENDITURE

During the year the company paid charitable donations totalling £7,239.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors 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 United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 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 and then apply them consistently;

-	make judgements 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 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, SBCA Statutory Auditors, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

M R Wallace - Director

24 December 2025

Opinion

We have audited the financial statements of Strike Force International Ltd (the 'company') for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet, Cash Flow Statement and Notes to the Financial Statements, 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 March 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 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 UK, including the FRC'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 directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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.

Opinions 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 Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors 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 Report of the Directors.

We have nothing to report in respect of the following matters where 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 Statement of Directors' Responsibilities set out on page three, 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 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.

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 a Report of the Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

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.

Based on our understanding of the company and sector, we identified that the principal risks of non-compliance with laws and regulations related to, but were not limited to, the Companies Act 2006, UK tax, employment, pension and health and safety legislation and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to management bias in accounting estimates and judgements and fraudulent income recognition.

Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct impact on the financial statements;

- enquiring of management about actual and potential litigation and claims, their policies and procedures to prevent and detect fraud as well as whether they have knowledge of any actual, suspected or alleged fraud;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- obtaining an understanding of provisions and holding discussions with management to understand the basis of recognition or non-recognition of tax provisions; and

- in addressing the risk of fraud through management override of controls: testing the appropriateness of journal entries; assessing whether the accounting estimates, judgements and decisions made by management 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 our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or 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 Report of the Auditors.

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 a Report of the Auditors 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.

Christopher Bond (Senior Statutory Auditor)

for and on behalf of SBCA SBCA Statutory Auditor

17 Moor Park Avenue

Preston

Lancashire

PR1 6AS

24 December 2025

TURNOVER

3

20,473,936

14,802,110

Cost of sales

14,620,427

11,129,764

GROSS PROFIT

5,853,509

3,672,346

Administrative expenses

3,941,337

2,870,622

OPERATING PROFIT

5

1,912,172

801,724

Interest receivable and similar income

7,494

3,066

1,919,666

804,790

Interest payable and similar expenses

6

108

-

PROFIT BEFORE TAXATION

1,919,558

804,790

Tax on profit

7

495,956

225,439

PROFIT FOR THE FINANCIAL YEAR

1,423,602

579,351

Retained earnings at beginning of year

666,207

1,409,406

Dividends

8

(669,380

)

(1,322,550

)

RETAINED EARNINGS AT END OF YEAR

1,420,429

666,207

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

439,835

335,918

439,835

335,918

CURRENT ASSETS

Debtors

11

4,129,006

2,057,304

Cash at bank

248,702

140,603

4,377,708

2,197,907

CREDITORS

Amounts falling due within one year

12

3,382,438

1,865,576

NET CURRENT ASSETS

995,270

332,331

TOTAL ASSETS LESS CURRENT LIABILITIES

1,435,105

668,249

PROVISIONS FOR LIABILITIES

15

14,674

2,040

NET ASSETS

1,420,431

666,209

CAPITAL AND RESERVES

Called up share capital

16

2

2

Retained earnings

17

1,420,429

666,207

SHAREHOLDERS' FUNDS

1,420,431

666,209

The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by:

M R Wallace - Director

Cash flows from operating activities

Cash generated from operations

18

1,233,434

1,008,807

Interest paid

(108

)

-

Tax paid

(244,879

)

(283,396

)

Net cash from operating activities

988,447

725,411

Cash flows from investing activities

Purchase of tangible fixed assets

(216,872

)

(92,425

)

Interest received

7,494

3,066

Net cash from investing activities

(209,378

)

(89,359

)

Cash flows from financing activities

Amount introduced by directors

1,190,046

1,182,255

Amount withdrawn by directors

(1,191,636

)

(1,181,175

)

Equity dividends paid

(669,380

)

(1,322,550

)

Net cash from financing activities

(670,970

)

(1,321,470

)

Increase/(decrease) in cash and cash equivalents

108,099

(685,418

)

Cash and cash equivalents at beginning of year

19

140,603

826,021

Cash and cash equivalents at end of year

19

248,702

140,603

1.	STATUTORY INFORMATION

Strike Force International Ltd 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

Taxation

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

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.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

31.3.25

31.3.24

£

£

Courier services

20,473,936

14,802,110

20,473,936

14,802,110

An analysis of turnover by geographical market is given below:

31.3.25

31.3.24

£

£

United Kingdom

20,473,936

14,802,110

20,473,936

14,802,110

4.	EMPLOYEES AND DIRECTORS

31.3.25

31.3.24

£

£

Wages and salaries

7,588,699

4,884,303

Social security costs

840,390

499,698

Other pension costs

210,778

167,467

8,639,867

5,551,468

The average number of employees during the year was as follows:

31.3.25

31.3.24

Couriers

152

139

Directors

2

2

154

141

31.3.25

31.3.24

£

£

Directors' remuneration

818,370

112,605

Information regarding the highest paid director for the year ended 31 March 2025 is as follows:

31.3.25

£

Emoluments etc

786,831

5.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.25

31.3.24

£

£

Other operating leases

1,692,995

1,409,655

Depreciation - owned assets

112,955

101,430

Auditors' remuneration

10,738

8,124

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.3.25

31.3.24

£

£

Interest on PAYE

108

-

7.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

31.3.25

31.3.24

£

£

Current tax:

UK corporation tax

483,322

228,561

Deferred tax

12,634

(3,122

)

Tax on profit

495,956

225,439

8.

DIVIDENDS

31.3.25

31.3.24

£

£

Ordinary shares of 0.01 each

Interim

56,280

5,000

Ordinary A shares of 0.01 each

Interim

613,100

1,317,550

669,380

1,322,550

9.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

40,000

AMORTISATION

At 1 April 2024

and 31 March 2025

40,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

10.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 April 2024

317,865

44,798

104,567

Additions

99,199

14,318

2,688

At 31 March 2025

417,064

59,116

107,255

DEPRECIATION

At 1 April 2024

94,504

29,925

94,448

Charge for year

41,706

6,532

4,426

At 31 March 2025

136,210

36,457

98,874

NET BOOK VALUE

At 31 March 2025

280,854

22,659

8,381

At 31 March 2024

223,361

14,873

10,119

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

484,643

52,797

1,004,670

Additions

66,001

34,666

216,872

At 31 March 2025

550,644

87,463

1,221,542

DEPRECIATION

At 1 April 2024

403,585

46,290

668,752

Charge for year

49,764

10,527

112,955

At 31 March 2025

453,349

56,817

781,707

NET BOOK VALUE

At 31 March 2025

97,295

30,646

439,835

At 31 March 2024

81,058

6,507

335,918

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

3,798,619

1,890,109

Other debtors - Deposits

3,225

3,225

Staff Loans

13,503

18,240

Prepayments

313,659

145,730

4,129,006

2,057,304

Trade debtors include factored debts of £2,196,948 (2024 £1,135,152) which are secured by a fixed charge on all book and other debts due to the company.

12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

430,494

402,975

Tax

248,093

9,650

Social security and other taxes

146,491

54,574

VAT

249,851

224,322

Other creditors

97,218

24,168

Factoring account

2,196,948

1,135,152

Directors' loan accounts

3

1,593

Accruals and deferred income

3,900

5,000

Accrued expenses

9,440

8,142

3,382,438

1,865,576

13.	LEASING AGREEMENTS

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

31.3.25

31.3.24

£

£

Within one year

15,980

15,980

Between one and five years

38,618

38,618

54,598

54,598

14.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Other loans

2,196,948

1,135,152

Other loans consists of amounts owed to a factoring company. The loan is secured by a charge on the company's assets.

15.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

14,674

2,040

Deferred

tax

£

Balance at 1 April 2024

2,040

Charge to Statement of Comprehensive Income during year

12,634

Balance at 31 March 2025

14,674

16.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

0.01

1

1

60

Ordinary A

0.01

1

1

20

Ordinary C

0.01

-

-

20

Ordinary B

0.01

-

-

2

2