Auto Motive Pumps Holdings Limited

	Page
Strategic Report	1
Directors' Report	2—3
Independent Auditor's Report	4—6
Consolidated Profit and Loss Account	7
Consolidated Balance Sheet	8
Company Balance Sheet	9
Consolidated Statement of Changes in Equity	10
Company Statement of Changes in Equity	11
Consolidated Statement of Cash Flows	12
Notes to the Consolidated Statement of Cash Flows	13
Notes to the Financial Statements	14—23

The directors present their strategic report for the year ended 30 April 2025.

Principal Activity

The group's principal activity during the year ended 30 April 2025 continued to be that of a Holding company. The principal activity of the subsidiaries during the year ended 30 April 2025 continued to be the sale of their own branded automotive spare parts to the UK and European car aftermarket.

Review of the Business

The director report that of comppany has performed well in the year to 30 April 2025.

During the year, the Company invested in a large warehouse facility to relocate its UK trading companies into these new facilities, which involved a significant investment in the warehouse infrastructure. This has resulted in a significant purchase cost for the new warehouse facilities. The Directors considered this to be a necessary move to maximise the group's ability to service its customers and to maintain a wider range of stock lines to meet future customers' demands.

The Directors consider the Group to be in a strong position to capitalise on the automotive aftermarket during recessionary times. Looking ahead, the Directors forecast continued demand growth in the industry for the foreseeable future, proven by the strong demand and orders booked from existing customers. Given this, the Directors are very confident and comfortable with the state of the business and its prospects for the future.

The Directors are pleased to report expected results, knowing the challenges in market conditions, with the Group's gross profits £5,071,788 (2024- £5,640,256). The balance sheet remains strong with net Assets at £16,139,069 (2024- £14,610,814).

Principal Risks and Uncertainties

The process of risk acceptance and risk management is addressed through a framework of policies, procedures and internal controls. All policies are subject to Board approval and ongoing review by management. Compliance with regulations, legal and ethical standards is a priority for the company. The directors are responsible for satisfying itself that a proper internal control framework exists to manage financial risks and that controls operate effectively.

On behalf of the board

Mr Brett Cotton Director	Mr Dudley Cotton Director
28/10/2025

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Auto Motive Pumps Holdings Limited

Company No. 08997417

Directors' Report For The Year Ended 30 April 2025

Directors' Report

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

Dividends

The value of dividends paid amounted to £371,935 .

The directors recommended a final dividend of £NIL .

Financial Instruments

The group uses various financial instruments including cash, trade debtors, and trade creditors that arise directly from the group's operations.

The existence of these financial instruments exposes the group to a number of financial risks, which are described in more detail below.

The main risks arising from the group's financial instruments are liquidity risk, interest rate risk and credit risk. The directors review and agree policies for managing each of these risks and they are summarised below:

LIQUIDITY RISK

The group seeks to manage finance risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably.

INTEREST RATE RISK

The group finances its operations through a mixture of retained profits and cash balances. Cash is managed to maximise income from interest while avoiding inherent risk.

CREDIT RISK

The group's principle financial assets are cash and trade debtors.

In order to manage credit risk the directors set limits for customers based on a combination of payment history and third party credit references. Credit limits are reviewed by the credit controller on a regular basis in conjunction with debt ageing and collection history.

Directors

The directors who held office during the year were as follows:

Mr Brett Cotton

Mr Dudley Cotton

Mrs Jennifer Cotton

Statement of Directors' Responsibilities

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 United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', 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 the group and of the profit or loss of the group for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
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 and group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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Auto Motive Pumps Holdings Limited

Directors' Report (continued)

For The Year Ended 30 April 2025

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company and group's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company and group's auditors are aware of that information.

Independent Auditors

The auditors, Adam Parker Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr Brett Cotton Director	Mr Dudley Cotton Director
28/10/2025

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Independent Auditor's Report

to the Members of

Auto Motive Pumps Holdings Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Auto Motive Pumps Holdings Limited (the "parent company") and its subsidiaries (the "group") for the year ended 30 April 2025 which comprise the Consolidated Profit and Loss Account, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes of Equity, Company Statement of Changes of Equity, Consolidated Cash Flow Statement 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the group's and of the parent company's affairs as at 30 April 2025 and of the group's profit/(loss) 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 group and parent 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 group and parent company's ability to continue as a going concern for a period of at least 12 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. 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and 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 group and parent company and their 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
the parent company financial statements are not in agreement with the accounting records or 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.

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Independent Auditor's Report (continued)

to the Members of

Auto Motive Pumps Holdings Limited

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 2—3, 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 group and parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

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.

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

The engagement partner ensured that the engagement team had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

• we identified the laws and regulations applicable to the company through discussions with directors and other management;

• we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, employment environmental and health and safety legislation;

• we assessed the extent of compliance with the laws and regulations identified above;

• we communicated identified laws and regulations within the audit team who remained alert to instances of non-compliance.

We assessed the susceptibility of the company's financial statements to material misstatement including obtaining an understanding of how fraud might occur, by;

• making enquiries of management as to whether they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;

• considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; and

• understanding the design of the company's remuneration policies.

To address the risk of fraud through management bias and override of controls, we;

• performed analytical procedures to identify any unusual or unexpected relationships;

• tested journal entries to identify unusual transactions;

In response to the risk of non-compliance with laws and regulations, we designed procedures which included, but were not limited to;

• agreeing financial statement disclosures to underlying supporting documentation;

• enquiring of management as to actual and potential litigation and claims; and

• reviewing correspondence with HMRC and the company's legal advisors.

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 www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Other matters which we are required to address

The comparatives for the financial year ended 30 April 2024 were not audited, as the company was audit-exempt for this period.

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 that 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.

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Independent Auditor's Report (continued)

to the Members of

Auto Motive Pumps Holdings Limited

Wajih Khan (Senior Statutory Auditor)

for and on behalf of Adam Parker Limited , Statutory Auditor

28/10/2025

Adam Parker Limited

590-598 Elder Gate

Milton Keynes

MK9 1LR

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Auto Motive Pumps Holdings Limited

Consolidated Profit and Loss Account

For The Year Ended 30 April 2025

Consolidated Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER	3	12,448,201	13,525,951
Cost of sales		(7,376,413 )	(7,885,695 )

GROSS PROFIT		5,071,788	5,640,256

Administrative expenses		(3,488,011 )	(2,990,828 )

OPERATING PROFIT	4	1,583,777	2,649,428
(Loss)/profit on disposal of fixed assets		(1,556 )	20,245
Other interest receivable and similar income	9	22,322	107,142
Interest payable and similar charges	10	(164,676 )	-

PROFIT BEFORE TAXATION		1,439,867	2,776,815
Tax on Profit	11	(402,783 )	(626,239 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT		1,037,084	2,150,576

The notes on pages 13 to 23 form part of these financial statements.

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Auto Motive Pumps Holdings Limited

Consolidated Balance Sheet

As At 30 April 2025

Consolidated Balance Sheet

Registered number: 08997417

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	12		328,330		354,089
Investment Properties	13		11,746,366		4,905,589

			12,074,696		5,259,678
CURRENT ASSETS
Stocks	15	2,923,235		1,747,971
Debtors	16	3,199,177		3,874,600
Investments	17	-		1,036,645
Cash at bank and in hand		2,360,159		4,075,316

		8,482,571		10,734,532
Creditors: Amounts Falling Due Within One Year	18	(1,946,289 )		(1,351,796 )

NET CURRENT ASSETS (LIABILITIES)			6,536,282		9,382,736

TOTAL ASSETS LESS CURRENT LIABILITIES			18,610,978		14,642,414

Creditors: Amounts Falling Due After More Than One Year	19		(2,219,259 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation	21		(252,650 )		(31,600 )

NET ASSETS			16,139,069		14,610,814

CAPITAL AND RESERVES
Called up share capital	23		10,000		10,000
Revaluation reserve			863,106		-
Profit and Loss Account			15,265,963		14,600,814

SHAREHOLDERS' FUNDS			16,139,069		14,610,814

The financial statements were approved by the board of directors on 28 October 2025 and were signed on its behalf by:

Mr Brett Cotton Director	Mr Dudley Cotton Director
28/10/2025

The notes on pages 13 to 23 form part of these financial statements.

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Auto Motive Pumps Holdings Limited

Company Balance Sheet

As At 30 April 2025

Company Balance Sheet

Registered number: 08997417

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	12		59,935		175
Investment Properties	13		11,746,365		4,905,589
Investments	14		10,100		10,100

			11,816,400		4,915,864
CURRENT ASSETS
Debtors	16	42,522		25,253
Investments	17	-		1,036,645
Cash at bank and in hand		210,118		163,143

		252,640		1,225,041
Creditors: Amounts Falling Due Within One Year	18	(558,874 )		(49,865 )

NET CURRENT ASSETS (LIABILITIES)			(306,234 )		1,175,176

TOTAL ASSETS LESS CURRENT LIABILITIES			11,510,166		6,091,040

Creditors: Amounts Falling Due After More Than One Year	19		(2,219,259 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation	21		(230,620 )		-

NET ASSETS			9,060,287		6,091,040

CAPITAL AND RESERVES
Called up share capital	23		10,000		10,000
Revaluation reserve			863,106		-
Profit and Loss Account			8,187,181		6,081,040

SHAREHOLDERS' FUNDS			9,060,287		6,091,040

On behalf of the board

Mr Brett Cotton Director	Mr Dudley Cotton Director
28/10/2025

The notes on pages 13 to 23 form part of these financial statements.

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Auto Motive Pumps Holdings Limited

Consolidated Statement of Changes in Equity

For The Year Ended 30 April 2025

Consolidated Statement of Changes in Equity

	Share Capital	Revaluation reserve	Profit and Loss Account	Total
	£	£	£	£
As at 1 May 2023	10,000	-	14,682,803	14,692,803
Profit for the year and total comprehensive income	-	-	2,150,576	2,150,576

Dividends paid	-	-	(2,232,565)	(2,232,565)

As at 30 April 2024 and 1 May 2024	10,000	-	14,600,814	14,610,814


Profit for year	-	-	1,037,084	1,037,084

Net investment property revaluation reserve	-	863,106	-	863,106

Other comprehensive income for the year	-	863,106	-	863,106

Total comprehensive income for the year	-	863,106	1,037,084	1,900,190

Dividends paid	-	-	(371,935)	(371,935)

As at 30 April 2025	10,000	863,106	15,265,963	16,139,069

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Auto Motive Pumps Holdings Limited

Company Statement of Changes in Equity

For The Year Ended 30 April 2025

Company Statement of Changes in Equity

	Share Capital	Revaluation reserve	Profit and Loss Account	Total
	£	£	£	£
As at 1 May 2023	10,000	-	5,578,409	5,588,409
Profit for the year and total comprehensive income	-	-	2,735,196	2,735,196

Dividends paid	-	-	(2,232,565)	(2,232,565)

As at 30 April 2024 and 1 May 2024	10,000	-	6,081,040	6,091,040


Profit for year	-	-	2,478,076	2,478,076

Net investment property revaluation reserve	-	863,106	-	863,106

Other comprehensive income for the year	-	863,106	-	863,106

Total comprehensive income for the year	-	863,106	2,478,076	3,341,182

Dividends paid	-	-	(371,935)	(371,935)

As at 30 April 2025	10,000	863,106	8,187,181	9,060,287

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Auto Motive Pumps Holdings Limited

Consolidated Statement of Cash Flows

For The Year Ended 30 April 2025

Consolidated Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	2,146,335	3,998,057
Interest paid		(164,676 )	-
Tax paid		(678,069 )	(319,829 )

Net cash generated from operating activities		1,303,590	3,678,228

Cash flows from investing activities
Purchase of tangible assets		(6,110,262 )	(186,269 )
Proceeds from disposal of tangible assets		34,902	110,007
Interest received		22,322	107,142

Net cash (used in)/generated from investing activities		(6,053,038 )	30,880

Cash flows from financing activities
Equity dividends paid		(371,935 )	(2,232,565 )
Proceeds from new bank borrowings		2,506,179	-
Repayment of bank borrowings		-	(456,571 )

Net cash generated from/(used in) financing activities		2,134,244	(2,689,136 )



(Decrease)/increase in cash and cash equivalents		(2,615,204 )	1,019,972
Cash and cash equivalents at beginning of year	2	5,111,961	4,135,438
Foreign exchange losses on cash and cash equivalents		(136,598 )	(43,449 )

Cash and cash equivalents at end of year	2	2,360,159	5,111,961

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Auto Motive Pumps Holdings Limited

Notes to the Consolidated Statement of Cash Flows

For The Year Ended 30 April 2025

Notes to the Consolidated Statement of Cash Flows

1. Reconciliation of profit for the financial year to cash generated from operations

	2025	2024
	£	£
Profit for the financial year	1,037,084	2,150,576
Adjustments for:
Tax on profit	402,783	626,239
Interest expense	164,676	-
Interest income	(22,322 )	(107,142 )
Depreciation of tangible assets	121,892	112,677
Loss/(profit) on disposal of tangible assets	1,556	(20,245)
Foreign exchange losses	136,598	43,449
Movements in working capital:
(Increase)/decrease in stocks	(1,175,264 )	482,189
Decrease in trade and other debtors	675,423	930,174
Increase/(decrease) in trade and other creditors	803,909	(219,860 )

Net cash generated from operations	2,146,335	3,998,057

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	2,360,159	4,075,316
Short term deposits including current asset investments (less than 3 months)	-	1,036,645

Cash and cash equivalents as stated in the Statement of Cash Flows	2,360,159	5,111,961

3. Analysis of changes in net funds/(debt)

	As at 1 May 2024	Cash flows	As at 30 April 2025
	£	£	£
Cash at bank and in hand	4,075,316	(1,715,157)	2,360,159
Short term deposits including current asset investments (less than 3 months)	1,036,645	(1,036,645)	-

Cash and cash equivalents	5,111,961	(2,751,802)	2,360,159
Debts falling due within one year	-	(286,920)	(286,920 )
Debts falling due after more than one year	-	(2,219,259)	(2,219,259)

	5,111,961	(5,257,981)	(146,020)

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Auto Motive Pumps Holdings Limited

Notes to the Financial Statements

For The Year Ended 30 April 2025

Notes to the Financial Statements

1. General Information

Auto Motive Pumps Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08997417 . The registered office is Mk55 Bramley Road, Road, Bletchley, Milton Keynes, Buckinghamshire, England, MK1 1PT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

2.2. Basis Of Consolidation

The group consolidated financial statements include the financial statements of the company and all of its subsidiary undertakings together with the group’s share of the results of associates made up to 30 April 2025.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. Where the group owns less than 50% of the voting powers of an entity but controls the entity by virtue of an agreement with other investors which give it control of the financial and operating policies of the entity, it accounts for that entity as a subsidiary.

Where a subsidiary has different accounting policies to the group, adjustments are made to those subsidiary financial statements to apply the group’s accounting policies when preparing the consolidated financial statements.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the group holds a long-term interest and where the group has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate. The results of associates are accounted for using the equity method of accounting.

Any subsidiary undertakings or associates sold or acquired during the year are included up to, or from, the dates of change of control or change of significant influence respectively.

Where control of a subsidiary is lost, the gain or loss is recognised in the consolidated income statement. The cumulative amounts of any exchange differences on translation, recognised in equity, are not included in the gain or loss on disposal and are transferred to retained earnings. The gain or loss also includes amounts included in other comprehensive income that are required to be reclassified to profit or loss but excludes those amounts that are not required to be reclassified.

Where control of a subsidiary is achieved in stages, the initial acquisition that gave the group control is accounted for as a business combination. Thereafter where the group increases its controlling interest in the subsidiary the transaction is treated as a transaction between equity holders. Any difference between the fair value of the consideration paid and the carrying amount of the non-controlling interest acquired is recognised directly in equity. No changes are made to the carrying value of assets, liabilities or provisions for contingent liabilities.

2.3. Business Combinations

Business combinations are accounted for by applying the purchase method.

The cost of a business combination is the fair value of the consideration given, liabilities incurred or assumed and of equity instruments issued plus the costs directly attributable to the business combination. Where control is achieved in stages the cost is the consideration at the date of each transaction.

Contingent consideration is initially recognised at estimated amount where the consideration is probable and can be measured reliably. Where (i) the contingent consideration is not considered probable or cannot be reliably measured but subsequently becomes probable and measurable or (ii) contingent consideration previously measured is adjusted, the amounts are recognised as an adjustment to the cost of the business combination.

On acquisition of a business, fair values are attributed to the identifiable assets, liabilities and contingent liabilities unless the fair value cannot be measured reliably, in which case the value is incorporated in goodwill. Intangible assets are only recognised separately from goodwill where they are separable and arise from contractual or other legal rights. Where the fair value of contingent liabilities cannot be reliably measured they are disclosed on the same basis as other contingent liabilities.

2.4. Significant judgements and estimations

In the application of the company’s accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to the accounting estimates are recognised in period in which the estimate is revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

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Auto Motive Pumps Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

2.5. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	25% on cost
Computer Equipment	33% on cost

2.7. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.8. Investments

Investments in subsidaries undertakings are recognised at cost.

2.9. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

2.10. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

Page 15

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Auto Motive Pumps Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

2.11. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, bank overdrafts, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest rate method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in a case of an out-right short term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive if the asset were to be sold at the reporting date.

2.12. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.13. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The group's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.14. Employee Benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock of fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the group is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. Turnover

Page 16

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Auto Motive Pumps Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

4. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Bad debts	10,714	24,109
Depreciation of tangible fixed assets	121,892	112,677

5. Auditor's Remuneration

Remuneration received by the group's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the group and company's financial statements	5,000	-


Other Services
Auditing accounts of associates	12,000	-

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Wages and salaries	1,780,156	1,625,354	45,947	44,451
Social security costs	192,585	181,214	4,614	3,692
Other pension costs	137,244	178,883	60,000	120,000

	2,109,985	1,985,451	110,561	168,143

7. Average Number of Employees

Group

Average number of employees, including directors, during the year was: 41 (2024: 41)

Company

Average number of employees, including directors, during the year was: 3 (2024: 3)

8. Directors' remuneration

	2025	2024
	£	£
Emoluments	184,595	165,672
Company contributions to money purchase pension schemes	63,656	123,637

	248,251	289,309

Information regarding the highest paid director was as follows:

Page 17

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Auto Motive Pumps Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

	2025	2024
	£	£
Emoluments	138,649	121,222
Company contributions to money purchase pension schemes	3,656	3,637

	142,305	124,859

9. Interest Receivable and Similar Income

	2025	2024
	£	£
Bank interest receivable	22,322	107,142

10. Interest Payable and Similar Charges

	2025	2024
	£	£
Bank loans and overdrafts	164,676	-

11. Tax on Profit

	Tax Rate		2025	2024
The tax charge on the profit for the year was as follows:
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	360,457	698,530
Prior period adjustment			(178,724 )	(74,175 )

			181,733	624,355
Deferred Tax
Deferred taxation			221,050	1,884


Total tax charge for the period			402,783	626,239


The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
			2025	2024
			£	£
Profit before tax			1,439,867	2,776,815

Tax on profit at 25% (UK standard rate)			420,511	686,492
Goodwill/depreciation not allowed for tax			26,507	27,508
Expenses not deductible for tax purposes			389	4,401
Capital allowances			(11,465 )	(16,103 )
Prior period adjustment			(178,724 )	(74,175 )
Deferred tax from unrecognised tax loss or credit			221,050	(1,884 )
Group relief			(75,485 )	-

Total tax charge for the period			402,783	626,239

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Auto Motive Pumps Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

12. Tangible Assets

Group

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost or Valuation
As at 1 May 2024	293,446	363,762	28,828	90,829	776,865
Additions	10,700	29,995	80,545	11,351	132,591
Disposals	-	(53,750 )	-	-	(53,750 )

As at 30 April 2025	304,146	340,007	109,373	102,180	855,706

Depreciation
As at 1 May 2024	220,900	98,848	27,439	75,589	422,776
Provided during the period	20,421	69,057	18,474	13,940	121,892
Disposals	-	(17,292 )	-	-	(17,292 )

As at 30 April 2025	241,321	150,613	45,913	89,529	527,376

Net Book Value
As at 30 April 2025	62,825	189,394	63,460	12,651	328,330

As at 1 May 2024	72,546	264,914	1,389	15,240	354,089

Company

	Fixtures & Fittings
	£
Cost or Valuation
As at 1 May 2024	16,353
Additions	75,630

As at 30 April 2025	91,983

Depreciation
As at 1 May 2024	16,178
Provided during the period	15,870

As at 30 April 2025	32,048

Net Book Value
As at 30 April 2025	59,935

As at 1 May 2024	175

Page 19

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Auto Motive Pumps Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

13. Investment Property

Group

	2025
	£
Fair Value
As at 1 May 2024	4,905,589
Additions	5,977,671
Revaluations	863,106

As at 30 April 2025	11,746,366

Company

	2025
	£
Fair Value
As at 1 May 2024	4,905,589
Additions	5,977,670
Revaluations	863,106

As at 30 April 2025	11,746,365

Investment properties are revalued on 5th May 2025 by Abbey Ross property surveyors and two properties were valued by Kirkby Diamond on 7th February 2025.

14. Investments

Company

	Unlisted
	£
Cost
As at 1 May 2024	10,100

As at 30 April 2025	10,100

Provision
As at 1 May 2024	-

As at 30 April 2025	-

Net Book Value
As at 30 April 2025	10,100

As at 1 May 2024	10,100

Subsidiaries

Details of the group's subsidiaries as at 30 April 2025 are as follows:

Name of undertaking	Registered Office	Class of shares held	Direct holding	Indirect holding
Motive Components Limited	Mk55 Bramley Road, Bletchley, Milton Keynes, Buckinghamshire, MK1 1PT	Ordinary	100.00%	-
Autopumps UK Ltd	Bramley Road Mount Farm, Bletchley, Milton Keynes, Buckinghamshire, MK1 1PT	Ordinary	100.00%	-

The aggregate capital and reserves and the result for the year of the subsidiaries listed above was as follows:

Page 20

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Auto Motive Pumps Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

	Capital and Reserves	Profit/(loss)
	£	£
Motive Components Limited	5,172,010	1,326,296
Autopumps UK Ltd	1,916,873	183,588

15. Stocks

	2025	2024
	£	£
Finished goods	2,923,235	1,747,971

16. Debtors

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Due within one year
Trade debtors	2,214,828	2,859,452	8,750	-
Other debtors	984,349	1,015,148	33,772	25,253

	3,199,177	3,874,600	42,522	25,253

17. Current Asset Investments

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Short term deposits	-	1,036,645	-	1,036,645

18. Creditors: Amounts Falling Due Within One Year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Trade creditors	259,213	255,330	123,712	4,778
Bank loans and overdrafts	286,920	-	286,920	-
Other creditors	117,590	39,550	92,532	29,407
Corporation tax	184,457	680,793	-	-
Taxation and social security	185,703	169,947	13,785	1,072
Accruals and deferred income	912,406	206,176	41,925	14,608

	1,946,289	1,351,796	558,874	49,865

19. Creditors: Amounts Falling Due After More Than One Year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Bank loans	2,219,259	-	2,219,259	-

Page 21

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Auto Motive Pumps Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

20. Loans

An analysis of the maturity of loans is given below:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Amounts falling due within one year or on demand:
Bank loans	286,920	-	286,920	-

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Amounts falling due between one and five years:
Bank loans	2,219,259	-	2,219,259	-

21. Deferred Taxation

The provision for deferred tax is made up as follows:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Other timing differences	252,650	31,600	230,620	-

22. Provisions for Liabilities

Group
	Deferred Tax	Total
	£	£
As at 1 May 2024	31,600	31,600
Additions	230,620	230,620
Utilised	(9,570 )	(9,570)

Balance at 30 April 2025	252,650	252,650

Company
	Deferred Tax	Total
	£	£
Additions	230,620	230,620

Balance at 30 April 2025	230,620	230,620

23. Share Capital

	2025	2024
Allotted, called up but not fully paid	£	£
6,000 Ordinary A shares of £ 1.00 each	6,000	6,000
2,000 Ordinary B shares of £ 1.00 each	2,000	2,000
2,000 Ordinary C shares of £ 1.00 each	2,000	2,000

	10,000	10,000

Page 22

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Auto Motive Pumps Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

24. Pension Commitments

The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £137,244 (2024: £178,883).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

25. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	371,935	2,232,565

26. Related Party Disclosures

The group has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.

Page 23