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REGISTERED NUMBER: 03198592 (England and Wales)

| AUTOMOTIVE PARTS DISTRIBUTION GROUP |

| LIMITED |

| GROUP STRATEGIC REPORT, |

| REPORT OF THE DIRECTORS AND |

| AUDITED |

| CONSOLIDATED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30TH APRIL 2025 |

| AUTOMOTIVE PARTS DISTRIBUTION GROUP |

| LIMITED (REGISTERED NUMBER: 03198592) |

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2025

| Page |

| Company Information | 1 |

| Group Strategic Report | 2 |  | to |  | 3

| Report of the Directors | 4 |  | to |  | 5

| Report of the Independent Auditors | 6 |  | to |  | 8

| Consolidated Statement of Comprehensive Income |  | 9 |

| Consolidated Statement of Financial Position | 10 |

| Company Statement of Financial Position | 11 |

| Consolidated Statement of Changes in Equity | 12 |

| Company Statement of Changes in Equity | 13 |

| Consolidated Statement of Cash Flows | 14 |

| Notes to the Consolidated Statement of Cash Flows |  | 15 |

| Notes to the Consolidated Financial Statements | 16 |  | to |  | 27

| AUTOMOTIVE PARTS DISTRIBUTION GROUP |

| LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30TH APRIL 2025

| DIRECTORS: | Mr T Murray

| Mr F Murray

| Mr E S D Murray

| SECRETARY: | Mr T Murray

| REGISTERED OFFICE: | 69-71 Lower Bristol Road

| BATH

| Avon

| BA2 3BE

| REGISTERED NUMBER: | 03198592 (England and Wales)

| AUDITORS: | Morris Owen

| Statutory Auditors

| 43-45 Devizes Road

| SWINDON

| Wiltshire

| SN1 4BG

| AUTOMOTIVE PARTS DISTRIBUTION GROUP |

| LIMITED (REGISTERED NUMBER: 03198592) |

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 30TH APRIL 2025

The directors present their strategic report of the company and the group for the year ended 30th April 2025.

The Directors are pleased to present their strategic report for the period ended 30th April 2025

REVIEW OF BUSINESS

The principal activity of the business is to sell motor components to a wide variety of trade customers within our trading area.

During the year the group has seen an increase in turnover of 8% and due to the mix of customers we have had a further increase in our gross profit percentage by 4.3%. Administration expenses have continued to grow in line with our turnover but also reflecting the costs for the new trading locations for a full year and the effects of the government taxation policy on salaries and associated costs. The nett effect on this has seen a reduction in profit before operating income of around £132k. We see over the next 1 to 2 years there being a evolution in the group where we aim to continue to grow the newly opened branches and thus increase turnover but expenses should not grow at such a high rate as there are a lot of high fixed costs for each new site which will gradually become a smaller proportion of the turnover of these branches.

The Year has seen tough trading conditions with supplier price increases and volatility in supply of some products. Sourcing the right product continues to take up time and there is an element of duplicated stock as a result of these disruptions which we aim to address in the near future.

The group saw an uptick in bad and doubtful debt over the last trading year and have taken action to tighten up processes around trade accounts to help mitigate this for future Years. It is expected that the 2025 - 2026 trading year will continue to have similar challenges to this year but the board are confident that the group are in a good position to hold there own in what could become a tough market.

PRINCIPAL RISKS AND UNCERTAINTIES

The geopolitical environment continues to be a risk for business in general. There are conflicts, tariffs and the threat of tariffs which are destabilising however any trade we currently do does not materially involve transit through the USA so this has not had an effect on our trading business. We are importing goods from China and currently the supply side is not being adversely slowed down by global events. We also ensure that we have more than one potential source for the most common items we sell to help mitigate any supply side risk.

TREASURY OPERATIONS AND FINANCIAL INSTRUMENTS

The group's principal financial instruments include bank accounts, bank loans and debt factoring. In addition, the group has various other financial assets and liabilities such as trade debtors and trade creditors arising from operations.

LIQUIDITY RISK

The group manages its cash requirements in order to minimise interest expenses whilst ensuring it has sufficient liquidity to carry out its operational needs.

CREDIT RISK

All customers who wish to trade on credit terms are subject to credit verification procedures. Trade debtors are reviewed at least monthly and a provision is made for doubtful debt. A 3rd party debt collection agency is used if the group is unable to pursue any debt in the usual manner.

| AUTOMOTIVE PARTS DISTRIBUTION GROUP |

| LIMITED (REGISTERED NUMBER: 03198592) |

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 30TH APRIL 2025

KEY PERFORMANCE INDICATORS

The key financial and other performance indicators during the year were as follows. Turnover increased from £16.6m to £17.9m. The increase is due to increasing the company's trading area. Gross profit has also improved from last year to 40.5% from 36.2%, an increase of 4.3%.

Operating profit has decreased from £669k to £549k for the group.

ON BEHALF OF THE BOARD:

Mr E S D Murray - Director

26th January 2026

| AUTOMOTIVE PARTS DISTRIBUTION GROUP |

| LIMITED (REGISTERED NUMBER: 03198592) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30TH APRIL 2025

The directors present their report with the financial statements of the company and the group for the year ended 30th April 2025.

DIVIDENDS

The total distribution of dividends for the year ended 30th April 2025 will be £ 152,342 .

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

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

Mr T Murray

Mr F Murray

Mr E S D Murray

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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), 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 the group and of the profit or loss of the group 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 and the 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.

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 group'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 group's auditors are aware of that information.

| AUTOMOTIVE PARTS DISTRIBUTION GROUP |

| LIMITED (REGISTERED NUMBER: 03198592) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30TH APRIL 2025

AUDITORS

The auditors, Morris Owen, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr E S D Murray - Director

26th January 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

AUTOMOTIVE PARTS DISTRIBUTION GROUP

LIMITED

Opinion

We have audited the financial statements of Automotive Parts Distribution Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30th April 2025 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Statement of Cash Flows and Notes to the Consolidated Statement of Cash Flows, 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 group's and of the parent company affairs as at 30th April 2025 and of the group's 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 group 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's and the parent 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 Group 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 Group 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 Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

AUTOMOTIVE PARTS DISTRIBUTION GROUP

LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 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 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 four, 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 group's and the 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.

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:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- |  | the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations through the audit planning process; |

- |  | we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the company's industry; |

- |  | 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, taxation legislation, employment legislation and health and safety legislation; |

- |  | we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and |

- |  | identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. |

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

AUTOMOTIVE PARTS DISTRIBUTION GROUP

LIMITED

We assessed this 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 where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and |

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

As a result of the company having a small management and finance team, we identified a risk of fraud through management bias and ability to override of controls, including lack of segregation of duties, which could lead to a misappropriation of cash and other assets. To address this we:

- |  | performed analytical procedures to identify any unusual or unexpected relationships; |

- |  | tested journal entries and sales credit notes to identify unusual transactions; |

- |  | assessed whether judgements and assumptions made in determining accounting estimates were indicative of potential bias; |

- |  | investigated the rationale behind significant or unusual transactions; and |

- |  | reviewed and tested manual stock adjustments. |

In response to the risk of irregularities and 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 HM Revenue & Customs (HMRC) and any legal correspondence |

Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations. 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.

Mr Alan John Barlow (Senior Statutory Auditor)

for and on behalf of Morris Owen

Statutory Auditors

43-45 Devizes Road

SWINDON

Wiltshire

SN1 4BG

27th January 2026

| AUTOMOTIVE PARTS DISTRIBUTION GROUP |

| LIMITED (REGISTERED NUMBER: 03198592) |

CONSOLIDATED

STATEMENT OF COMPREHENSIVE

INCOME

FOR THE YEAR ENDED 30TH APRIL 2025

| 2025 |  | 2024

| Notes | £ | £ |

REVENUE | 3 | 17,872,018 |  | 16,575,325 |  |

Cost of sales | 10,625,460 |  | 10,571,956 |  |

GROSS PROFIT | 7,246,558 |  | 6,003,369 |  |

Administrative expenses | 6,709,326 |  | 5,402,703 |  |

537,232 |  | 600,666 |  |

Other operating income | 11,999 |  | 68,549 |  |

OPERATING PROFIT | 5 | 549,231 |  | 669,215 |  |

Interest payable and similar expenses | 6 | 177,849 |  | 152,578 |  |

PROFIT BEFORE TAXATION | 371,382 |  | 516,637 |  |

Tax on profit | 7 | 103,495 |  | 163,950 |  |

PROFIT FOR THE FINANCIAL YEAR | 267,887 |  | 352,687 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 267,887 |  | 352,687 |  |

Profit attributable to:

Owners of the parent | 267,887 |  | 352,687 |  |

Total comprehensive income attributable to:

Owners of the parent | 267,887 |  | 352,687 |  |

| AUTOMOTIVE PARTS DISTRIBUTION GROUP |

| LIMITED (REGISTERED NUMBER: 03198592) |

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

30TH APRIL 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 10 | 50,000 |  | 55,000 |  |

Property, plant and equipment | 11 | 2,455,405 |  | 2,747,696 |  |

Investments | 12 |

| Interest in associate | 25 |  | 25 |  |

| Other investments | 1 |  | 1 |  |

2,505,431 |  | 2,802,722 |  |

CURRENT ASSETS

Inventories | 13 | 3,684,439 |  | 3,469,329 |  |

Debtors | 14 | 2,831,852 |  | 2,372,126 |  |

Cash at bank and in hand | 12,241 |  | 100,870 |  |

6,528,532 |  | 5,942,325 |  |

CREDITORS

Amounts falling due within one year | 15 | 5,315,976 |  | 4,777,613 |  |

NET CURRENT ASSETS | 1,212,556 |  | 1,164,712 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,717,987 |  | 3,967,434 |  |

CREDITORS

Amounts falling due after more than one year | 16 | (1,235,988 | ) | (1,569,464 | ) |

PROVISIONS FOR LIABILITIES | 20 | (416,595 | ) | (448,111 | ) |

NET ASSETS | 2,065,404 |  | 1,949,859 |  |

CAPITAL AND RESERVES

Called up share capital | 21 | 507,806 |  | 507,806 |  |

Share premium | 22 | 50,000 |  | 50,000 |  |

Capital redemption reserve | 22 | 55,536 |  | 55,536 |  |

Retained earnings | 22 | 1,452,062 |  | 1,336,517 |  |

SHAREHOLDERS' FUNDS | 2,065,404 |  | 1,949,859 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 26th January 2026 and were signed on its behalf by:

Mr E S D Murray - Director

| AUTOMOTIVE PARTS DISTRIBUTION GROUP |

| LIMITED (REGISTERED NUMBER: 03198592) |

COMPANY STATEMENT OF FINANCIAL POSITION

30TH APRIL 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 10 | - |  | - |  |

Property, plant and equipment | 11 | - |  | - |  |

Investments | 12 | 596,910 |  | 596,910 |  |

596,910 |  | 596,910 |  |

CURRENT ASSETS

Debtors | 14 | 96 |  | 96 |  |

NET CURRENT ASSETS | 96 |  | 96 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 597,006 |  | 597,006 |  |

CREDITORS

Amounts falling due after more than one year | 16 | 89,200 |  | 89,200 |  |

NET ASSETS | 507,806 |  | 507,806 |  |

CAPITAL AND RESERVES

Called up share capital | 21 | 507,806 |  | 507,806 |  |

SHAREHOLDERS' FUNDS | 507,806 |  | 507,806 |  |

Company's profit for the financial year | 152,342 |  | 152,342 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 26th January 2026 and were signed on its behalf by:

Mr E S D Murray - Director

| AUTOMOTIVE PARTS DISTRIBUTION GROUP |

| LIMITED (REGISTERED NUMBER: 03198592) |

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30TH APRIL 2025

| Called up |  | Capital |

| share |  | Retained |  | Share |  | redemption |  | Total

| capital |  | earnings |  | premium |  | reserve |  | equity

£ | £ | £ | £ | £ |

Balance at 1st May 2023 | 507,806 |  | 1,136,172 |  | 50,000 |  | 55,536 |  | 1,749,514 |  |

Changes in equity

Dividends | - |  | (152,342 | ) | - |  | - |  | (152,342 | ) |

Total comprehensive income | - |  | 352,687 |  | - |  | - |  | 352,687 |  |

Balance at 30th April 2024 | 507,806 |  | 1,336,517 |  | 50,000 |  | 55,536 |  | 1,949,859 |  |

Changes in equity

Dividends | - |  | (152,342 | ) | - |  | - |  | (152,342 | ) |

Total comprehensive income | - |  | 267,887 |  | - |  | - |  | 267,887 |  |

Balance at 30th April 2025 | 507,806 |  | 1,452,062 |  | 50,000 |  | 55,536 |  | 2,065,404 |  |

| AUTOMOTIVE PARTS DISTRIBUTION GROUP |

| LIMITED (REGISTERED NUMBER: 03198592) |

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30TH APRIL 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1st May 2023 | 507,806 |  | - |  | 507,806 |  |

Changes in equity

Dividends | - |  | (152,342 | ) | (152,342 | ) |

Total comprehensive income | - |  | 152,342 |  | 152,342 |  |

Balance at 30th April 2024 | 507,806 |  | - |  | 507,806 |  |

Changes in equity

Dividends | - |  | (152,342 | ) | (152,342 | ) |

Total comprehensive income | - |  | 152,342 |  | 152,342 |  |

Balance at 30th April 2025 | 507,806 |  | - |  | 507,806 |  |

| AUTOMOTIVE PARTS DISTRIBUTION GROUP |

| LIMITED (REGISTERED NUMBER: 03198592) |

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30TH APRIL 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 401,516 |  | 1,073,337 |  |

Interest paid | (147,824 | ) | (123,863 | ) |

Interest element of hire purchase payments paid | (24,004 | ) | (15,031 | ) |

Finance costs paid | (6,021 | ) | (6,021 | ) |

Tax paid | - |  | (100,466 | ) |

Net cash from operating activities | 223,667 |  | 827,956 |  |

Cash flows from investing activities

Purchase of intangible fixed assets | - |  | (60,000 | ) |

Purchase of tangible fixed assets | (149,776 | ) | (992,440 | ) |

Sale of tangible fixed assets | 265,156 |  | 76,857 |  |

Net cash from investing activities | 115,380 |  | (975,583 | ) |

Cash flows from financing activities

Loan repayments in year | - |  | (35,197 | ) |

New hire purchase loans in year | - |  | 479,192 |  |

Capital repayments in year | (483,101 | ) | (120,061 | ) |

Amount introduced by directors | - |  | 22,660 |  |

Amount withdrawn by directors | - |  | (13,297 | ) |

Equity dividends paid | (152,342 | ) | (152,342 | ) |

Net cash from financing activities | (635,443 | ) | 180,955 |  |

(Decrease)/increase in cash and cash equivalents | (296,396 | ) | 33,328 |  |

Cash and cash equivalents at beginning of year | 2 | 100,870 |  | 67,542 |  |

Cash and cash equivalents at end of year | 2 | (195,526 | ) | 100,870 |  |

| AUTOMOTIVE PARTS DISTRIBUTION GROUP |

| LIMITED (REGISTERED NUMBER: 03198592) |

NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30TH APRIL 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 371,382 |  | 516,637 |  |

| Depreciation charges | 452,942 |  | 355,415 |  |

| Profit on disposal of fixed assets | (69,715 | ) | (31,074 | ) |

| Increase in provisions | (34,750 | ) | 55,000 |  |

| Finance costs | 177,849 |  | 152,578 |  |

897,708 |  | 1,048,556 |  |

| Increase in inventories | (215,110 | ) | (1,042,378 | ) |

| Increase in trade and other debtors | (466,259 | ) | (614,253 | ) |

| Increase in trade and other creditors | 185,177 |  | 1,681,412 |  |

| Cash generated from operations | 401,516 |  | 1,073,337 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

| Year ended 30th April 2025

| 30.4.25 |  | 1.5.24

£ | £ |

| Cash and cash equivalents | 12,241 |  | 100,870 |  |

| Bank overdrafts | (207,767 | ) | - |  |

(195,526 | ) | 100,870 |  |

| Year ended 30th April 2024

| 30.4.24 |  | 1.5.23

£ | £ |

| Cash and cash equivalents | 100,870 |  | 67,542 |  |

3. | ANALYSIS OF CHANGES IN NET DEBT

| At 1.5.24 | Cash flow | At 30.4.25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 100,870 |  | (88,629 | ) | 12,241 |  |

| Bank overdrafts | - |  | (207,767 | ) | (207,767 | ) |

100,870 |  | (296,396 | ) | (195,526 | ) |

| Debt

| Finance leases | (405,543 | ) | 7,838 |  | (397,705 | ) |

| Debts falling due within 1 year | (34,460 | ) | 9,898 |  | (24,562 | ) |

| Debts falling due after 1 year | (1,335,438 | ) | 264,051 |  | (1,071,387 | ) |

(1,775,441 | ) | 281,787 |  | (1,493,654 | ) |

| Total | (1,674,571 | ) | (14,609 | ) | (1,689,180 | ) |

| AUTOMOTIVE PARTS DISTRIBUTION GROUP |

| LIMITED (REGISTERED NUMBER: 03198592) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2025

1. | STATUTORY INFORMATION

| Automotive Parts Distribution Group Limited is a private company, limited by shares, and incorporated in England and Wales.

| The registered office address is 69-71 Lower Bristol Road, Bath, Avon, BA2 3BE. The principal place of business is Unit B1, Glenmore Business Park, Bridgemead Cl, Westmead, Swindon, SN5 7AU.

| These financial statements are presented in Pound Sterling (£) which is the company's functional and presentational currency.

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.

| Significant judgements and estimates

| The following estimates have had the most significant effect on amounts recognised in the financial statements:

| In preparing these financial statements the directors have considered a stock provision for slow and obsolete stock. Slow and obsolete stock is provided for through the calculation of a provision.

| The directors have also considered a provision for doubtful debts. Aged debtors have been reviewed in full to identify those which are unlikely to be receivable.

| The directors have determined the period of useful economic life and any residual value of all tangible fixed assets order to write off the value of each asset over that period.

| Finally, the directors have considered the valuation of the foreign currency options in place as at the yearend. These options have been valued in accordance with the accounting policy for foreign currencies and options as noted.

| By nature the points above require assumptions, estimates and judgements from the directors, which are based on the best and most reliable evidence available at the time. These are regularly reviewed on an ongoing basis.

| Turnover

| Revenue 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 0, is being amortised evenly over its estimated useful life of nil years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| AUTOMOTIVE PARTS DISTRIBUTION GROUP |

| LIMITED (REGISTERED NUMBER: 03198592) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH APRIL 2025

2. | ACCOUNTING POLICIES - continued

| Fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Freehold property | - | 2% on cost and depreciated to residual value

| Fixtures and fittings | - | 25% on cost and 15% on cost

| Motor vehicles | - | 25% on cost

| Investments in unquoted equity instruments are measured at cost less impairment.

| Investments in associates

| Investments in associate undertakings are recognised at cost.

| Inventories

| Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| 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.

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

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

| Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities, and are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

| Where the contractual terms of the share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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 statement of financial position date.

| AUTOMOTIVE PARTS DISTRIBUTION GROUP |

| LIMITED (REGISTERED NUMBER: 03198592) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH APRIL 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange according to our customer price list at the date of purchase. Any variance between this rate and the exchange rate used when the cash received is included as foreign exchange variances in the profit and loss account. For vat reporting purposes transactions in foreign currencies are translated into sterling at the rate of exchange published according to HMRC. Exchange differences are taken into account in arriving at the operating result.

| Under FRS 102 the company needs to put a valuation on any outstanding currency option as at the balance sheet date. The trading company who the Company have taken these options out with were unable to provide such a valuation so the company have based a valuation on the mean exchange rate expectations of the Reuters poll of financial intuitions. From these numbers the company extrapolated a sensible market valuation of the instruments outstanding and calculated the potential loss / gain arising.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| The aggregate benefit of lease incentives are recognised as a reduction to the expense recognised over the lease term on a straight line basis

| Pension costs and other post-retirement benefits

| The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. | REVENUE

| The revenue and profit before taxation are attributable to the one principal activity of the group.

| An analysis of revenue by class of business is given below:

| 2025 |  | 2024

£ | £ |

| Sale of Goods | 17,872,018 |  | 16,575,325 |  |

17,872,018 |  | 16,575,325 |  |

| AUTOMOTIVE PARTS DISTRIBUTION GROUP |

| LIMITED (REGISTERED NUMBER: 03198592) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH APRIL 2025

4. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 4,103,394 |  | 3,257,587 |  |

| Social security costs | 386,410 |  | 285,550 |  |

| Other pension costs | 167,069 |  | 108,091 |  |

4,656,873 |  | 3,651,228 |  |

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

| 2025 |  | 2024

| Staff | 154 |  | 120 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 214,813 |  | 246,745 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 3 |  | 3 |  |

| Information regarding the highest paid director is as follows:

| 2025 |  | 2024

£ | £ |

| Emoluments etc | 109,579 |  | 100,230 |  |

5. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 279,670 |  | 263,735 |  |

| Depreciation - assets on hire purchase contracts | 168,272 |  | 86,681 |  |

| Profit on disposal of fixed assets | (69,715 | ) | (31,074 | ) |

| Goodwill amortisation | 5,000 |  | 5,000 |  |

| Auditors' remuneration | 19,080 |  | 17,625 |  |

| Auditors' remuneration for non audit work | 11,620 |  | 11,985 |  |

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank interest | 147,824 |  | 131,482 |  |

| HMRC interest | - |  | 44 |  |

| Hire purchase | 24,004 |  | 15,031 |  |

| Preference dividend | 6,021 |  | 6,021 |  |

177,849 |  | 152,578 |  |

| AUTOMOTIVE PARTS DISTRIBUTION GROUP |

| LIMITED (REGISTERED NUMBER: 03198592) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH APRIL 2025

7. | TAXATION

| Analysis of the tax charge

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

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 105,794 |  | 5,533 |  |

| Under/over provision | (5,533 | ) | (48 | ) |

| Total current tax | 100,261 |  | 5,485 |  |

| Deferred tax | 3,234 |  | 158,465 |  |

| Tax on profit | 103,495 |  | 163,950 |  |

8. | INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

| As permitted by Section 408 of the Companies Act 2006, the Statement of Comprehensive Income of the parent company is not presented as part of these financial statements.

9. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary shares of £1 each |

| Interim | 152,342 |  | 152,342 |  |

10. | INTANGIBLE FIXED ASSETS

| Group

| Goodwill

£ |

| COST

| At 1st May 2024

| and 30th April 2025 | 60,000 |  |

| AMORTISATION

| At 1st May 2024 | 5,000 |  |

| Amortisation for year | 5,000 |  |

| At 30th April 2025 | 10,000 |  |

| NET BOOK VALUE

| At 30th April 2025 | 50,000 |  |

| At 30th April 2024 | 55,000 |  |

| AUTOMOTIVE PARTS DISTRIBUTION GROUP |

| LIMITED (REGISTERED NUMBER: 03198592) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH APRIL 2025

11. | PROPERTY, PLANT AND EQUIPMENT

| Group

| Fixtures |

| Freehold |  | and |  | Motor |

| property |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1st May 2024 | 1,732,189 |  | 837,067 |  | 1,154,484 |  | 3,723,740 |  |

| Additions | - |  | 108,277 |  | 242,815 |  | 351,092 |  |

| Disposals | (173,414 | ) | - |  | (103,595 | ) | (277,009 | ) |

| At 30th April 2025 | 1,558,775 |  | 945,344 |  | 1,293,704 |  | 3,797,823 |  |

| DEPRECIATION

| At 1st May 2024 | 147,778 |  | 411,167 |  | 417,099 |  | 976,044 |  |

| Charge for year | 27,323 |  | 132,027 |  | 288,592 |  | 447,942 |  |

| Eliminated on disposal | (6,054 | ) | - |  | (75,514 | ) | (81,568 | ) |

| At 30th April 2025 | 169,047 |  | 543,194 |  | 630,177 |  | 1,342,418 |  |

| NET BOOK VALUE

| At 30th April 2025 | 1,389,728 |  | 402,150 |  | 663,527 |  | 2,455,405 |  |

| At 30th April 2024 | 1,584,411 |  | 425,900 |  | 737,385 |  | 2,747,696 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1st May 2024 | 87,329 |  | 687,232 |  | 774,561 |  |

| Additions | - |  | 219,148 |  | 219,148 |  |

| Disposals | - |  | (59,918 | ) | (59,918 | ) |

| At 30th April 2025 | 87,329 |  | 846,462 |  | 933,791 |  |

| DEPRECIATION

| At 1st May 2024 | 79,388 |  | 273,829 |  | 353,217 |  |

| Charge for year | 6,805 |  | 161,467 |  | 168,272 |  |

| Eliminated on disposal | - |  | (51,842 | ) | (51,842 | ) |

| At 30th April 2025 | 86,193 |  | 383,454 |  | 469,647 |  |

| NET BOOK VALUE

| At 30th April 2025 | 1,136 |  | 463,008 |  | 464,144 |  |

| At 30th April 2024 | 7,941 |  | 413,403 |  | 421,344 |  |

| AUTOMOTIVE PARTS DISTRIBUTION GROUP |

| LIMITED (REGISTERED NUMBER: 03198592) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH APRIL 2025

12. | FIXED ASSET INVESTMENTS

| Group

| Interest |

| in |  | Unlisted |

| associate |  | investments |  | Totals

£ | £ | £ |

| COST

| At 1st May 2024

| and 30th April 2025 | 25 |  | 1 |  | 26 |  |

| NET BOOK VALUE

| At 30th April 2025 | 25 |  | 1 |  | 26 |  |

| At 30th April 2024 | 25 |  | 1 |  | 26 |  |

| Company

| Shares in

| group

| undertaki

£ |

| COST

| At 1st May 2024

| and 30th April 2025 | 596,910 |  |

| NET BOOK VALUE

| At 30th April 2025 | 596,910 |  |

| At 30th April 2024 | 596,910 |  |

| The group or the company's investments at the Statement of Financial Position date in the share capital of companies include the following:

| Subsidiaries

| Automotive Parts Distribution Ltd

| Registered office: 69-71 Lower Bristol Road, Bath, Avon, BA2 3BE

| Nature of business: Wholesale of motor vehicle parts

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Preference | 100.00 |

2025 | 2024 |

£ | £ |

| Aggregate capital and reserves | 1,826,494 |  | 1,768,866 |  |

| Profit for the year | 209,970 |  | 358,273 |  |

| APD Properties Limited

| Registered office: 69-71 Lower Bristol Road, Bath, Avon, BA2 3BE

| Nature of business: Property rental

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

2025 | 2024 |

£ | £ |

| Aggregate capital and reserves | 325,842 |  | 267,923 |  |

| Profit/(loss) for the year | 57,919 |  | (5,587 | ) |

| AUTOMOTIVE PARTS DISTRIBUTION GROUP |

| LIMITED (REGISTERED NUMBER: 03198592) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH APRIL 2025

12. | FIXED ASSET INVESTMENTS - continued

| Just Jags Limited

| Registered office: 69-71 Lower Bristol Road, Bath, England, BA2 3BE

| Nature of business: Dormant company

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

2025 |  | 30.11.24

£ | £ |

| Aggregate capital and reserves | 100 |  | 100 |  |

| Myton Automotive Limited

| Registered office: 69-71 Lower Bristol Road, Bath, England, BA2 3BE

| Nature of business: Dormant company

| %

| Class of shares: | holding |

| Preference | 100.00 |

2025 |  | 31.3.25

£ | £ |

| Aggregate capital and reserves | 3 |  | 3 |  |

| The acquisition of Just Jags Limited and Myton Automotive Limited took place in the previous financial year as part of the purchase of trade and assets from Myton Automotive. Both of these entities are dormant companies.

13. | STOCKS

| Group |

2025 | 2024 |

£ | £ |

| Inventories | 3,684,439 |  | 3,469,329 |  |

| All stock relates to finished goods.

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Trade debtors | 2,433,964 |  | 1,916,047 |  | - |  | - |  |

| Other debtors | 71,157 |  | 72,606 |  | - |  | - |  |

| Directors' current accounts | 96 |  | - |  | 96 |  | 96 |  |

| VAT | - |  | 105,987 |  | - |  | - |  |

| Prepayments and accrued income | 326,635 |  | 277,486 |  | - |  | - |  |

2,831,852 |  | 2,372,126 |  | 96 |  | 96 |  |

| AUTOMOTIVE PARTS DISTRIBUTION GROUP |

| LIMITED (REGISTERED NUMBER: 03198592) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH APRIL 2025

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

| Group |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 17) | 232,329 |  | 34,460 |  |

| Hire purchase contracts (see note 18) | 233,104 |  | 171,517 |  |

| Trade creditors | 2,424,577 |  | 2,502,957 |  |

| Amounts owed to participating interests | 26,191 |  | - |  |

| Corporation tax | 105,794 |  | 5,533 |  |

| Social security and other taxes | 107,469 |  | 88,645 |  |

| VAT | 64,847 |  | - |  |

| Other creditors | 1,752,650 |  | 1,524,094 |  |

| Directors' current accounts | 159,528 |  | 171,750 |  |

| Accruals and deferred income | 209,487 |  | 278,657 |  |

5,315,976 |  | 4,777,613 |  |

16. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank loans (see note 17) | 982,187 |  | 1,246,238 |  | - |  | - |  |

| Preference shares (see note 17) | 89,200 |  | 89,200 |  | 89,200 |  | 89,200 |  |

| Hire purchase contracts (see note 18) | 164,601 |  | 234,026 |  | - |  | - |  |

1,235,988 |  | 1,569,464 |  | 89,200 |  | 89,200 |  |

| AUTOMOTIVE PARTS DISTRIBUTION GROUP |

| LIMITED (REGISTERED NUMBER: 03198592) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH APRIL 2025

17. | 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 overdrafts | 207,767 |  | - |  | - |  | - |  |

| Bank loans | 24,562 |  | 34,460 |  | - |  | - |  |

232,329 |  | 34,460 |  | - |  | - |  |

| Amounts falling due between one and | two years: |

| Bank loans - 1-2 years | 26,203 |  | 37,032 |  | - |  | - |  |

| Amounts falling due between two and | five years: |

| Bank loans - 2-5 years | 58,617 |  | 128,004 |  | - |  | - |  |

| Amounts falling due in more than five | years: |

| Repayable otherwise than by | instalments |

| Preference shares | 89,200 |  | 89,200 |  | 89,200 |  | 89,200 |  |

| Repayable by instalments

| Bank loans more 5 yr by instal | 897,367 |  | 1,081,202 |  | - |  | - |  |

| Details of shares shown as liabilities are as follows:

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 89,200 | Preference | £1 | 89,200 |  | 89,200 |  |

18. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 233,104 |  | 171,517 |  |

| Between one and five years | 164,601 |  | 234,026 |  |

397,705 |  | 405,543 |  |

| AUTOMOTIVE PARTS DISTRIBUTION GROUP |

| LIMITED (REGISTERED NUMBER: 03198592) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH APRIL 2025

19. | SECURED DEBTS

| The following secured debts are included within creditors:

| Group |

2025 | 2024 |

£ | £ |

| Bank loans | 1,006,749 |  | 1,280,698 |  |

| Hire purchase contracts | 397,705 |  | 405,543 |  |

1,404,454 |  | 1,686,241 |  |

| A debenture is held over the assets of the company by National Westminster Bank PLC as well as first legal charges over the following properties and associated assets:

| - Units 3 Aurillac Business Park, Retford, Nottinghamshire

| - Butt Close, Glastonbury, Somerset

| - Unit B1, Glenmore Business Park, Swindon, Wiltshire

| A personal charge has been given by Mr T Murray and the directors have also provided personal guarantees to National Westminster Bank PLC to the value of £100,000.

| There are two further guarantees provided to the value of £2,190,000.

| RBS Invoice Finance Limited hold the following assets as security:

| - A legal mortgage is held over all land vested by the Company

| - A fixed and floating charge is held over all current and future assets of the Company.

| All hire purchase liabilities are secured upon the asset in which the hire purchase agreement is for.

20. | PROVISIONS FOR LIABILITIES

| Group |

2025 | 2024 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 256,345 |  | 280,747 |  |

| Deferred tax losses | - |  | (27,636 | ) |

256,345 |  | 253,111 |  |

| Other provisions | 160,250 |  | 195,000 |  |

| Aggregate amounts | 416,595 |  | 448,111 |  |

| Group

| Deferred |  | Other |

| tax |  | provisions |

£ | £ |

| Balance at 1st May 2024 | 253,111 |  | 195,000 |  |

| Provided during year | 3,234 |  | - |  |

| Balance at 30th April 2025 | 256,345 |  | 195,000 |  |

| The other provision relates to dilapidations.

| AUTOMOTIVE PARTS DISTRIBUTION GROUP |

| LIMITED (REGISTERED NUMBER: 03198592) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH APRIL 2025

21. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 507,806 | Ordinary | £1 | 507,806 |  | 507,806 |  |

| Each Ordinary share carries one voting right, an entitlement to receive a dividend, and a return of capital on winding up.

22. | RESERVES

| Group

| Capital |

| Retained |  | Share |  | redemption |

| earnings |  | premium |  | reserve |  | Totals

£ | £ | £ | £ |

| At 1st May 2024 | 1,336,517 |  | 50,000 |  | 55,536 |  | 1,442,053 |  |

| Profit for the year | 267,887 |  | 267,887 |  |

| Dividends | (152,342 | ) | (152,342 | ) |

| At 30th April 2025 | 1,452,062 |  | 50,000 |  | 55,536 |  | 1,557,598 |  |

| Company

| Retained

| earnings

£ |

| Profit for the year | 152,342 |  |

| Dividends | (152,342 | ) |

| At 30th April 2025 | - |  |

23. | POST BALANCE SHEET EVENTS

| After the balance sheet date, the group purchased a property, Unit 4 Rivergate, Rivermead Drive, Swindon for £500,000 fully financed via bank loan.

24. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is the Murray family.