IRIS Accounts Production v25.4.0.155 04144319 Board of Directors 1.7.24 30.6.25 30.6.25 Medium entities the haulage and transportation of general and perishable goods. true true false true true false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. 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REGISTERED NUMBER: 04144319 (England and Wales)

| STRATEGIC REPORT, REPORT OF THE DIRECTORS AND |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 JUNE 2025 |

| FOR |

| IDS TRANSPORT (UK) LIMITED |

| IDS TRANSPORT (UK) LIMITED (REGISTERED NUMBER: 04144319) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 30 June 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 4 |

| Report of the Independent Auditors | 5 |

| Profit and Loss Account | 8 |

| Other Comprehensive Income | 9 |

| Balance Sheet | 10 |

| Statement of Changes in Equity | 11 |

| Cash Flow Statement | 12 |

| Notes to the Cash Flow Statement | 13 |

| Notes to the Financial Statements | 15 |

| IDS TRANSPORT (UK) LIMITED |

COMPANY INFORMATION

for the Year Ended 30 June 2025

| DIRECTORS: | D J Simms

| C J Jones

| S L Forbes-Lee

| SECRETARY: | D J Simms

| REGISTERED OFFICE: | 7 Rockfield Business Park

| Old Station Drive

| Leckhampton

| Cheltenham

| GL53 0AN

| REGISTERED NUMBER: | 04144319 (England and Wales)

| AUDITORS: | Kingscott Dix (Cheltenham) Limited

| Statutory Auditor

| Chartered Accountants

| 7 Rockfield Business Park

| Old Station Drive

| Leckhampton

| Cheltenham

| GL53 0AN

| IDS TRANSPORT (UK) LIMITED (REGISTERED NUMBER: 04144319) |

STRATEGIC REPORT

for the Year Ended 30 June 2025

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

REVIEW OF BUSINESS

The company operates across the UK, providing logistics expertise for chilled and general palletised distribution.

The company experienced another successful year, achieving a pre-tax profit of £670,364 up from £386,995 in 2024, reflecting improved trading performance and cost management.

The directors consider the year’s results and the company’s overall financial position to be satisfactory, demonstrating stability and resilience in a challenging economic environment.

PRINCIPAL RISKS AND UNCERTAINTIES

The company continues to face several external risks, including:

- Economic challenges linked to global conflicts and wider cost of living pressures.

- Labour market uncertainty, affecting driver recruitment and retention.

- Inflationary pressures influencing fuel, maintenance, and wage costs.

Despite these challenges, the company maintains a robust risk management system, regularly monitoring financial and operational exposures. The directors believe the business has limited exposure to price, credit, liquidity, and cash flow risks due to prudent financial controls and diversified customer relationships.

KEY PERFORMANCE INDICATORS

Given the company’s operational nature, performance is primarily assessed through internal management indicators such as:

- Profit margins and cost control efficiency.

- Fleet utilisation and vehicle performance metrics.

- Customer service levels and delivery reliability.

- Staff turnover and training investment.

While the directors track and adjust these indicators as part of ongoing management, they consider that formal publication of detailed KPIs is not necessary for understanding the company’s overall performance.

| IDS TRANSPORT (UK) LIMITED (REGISTERED NUMBER: 04144319) |

STRATEGIC REPORT

for the Year Ended 30 June 2025

FUTURE DEVELOPMENTS

The company continues to:

- Expand its customer base, strengthening relationships with key long-term clients.

- Invest in its fleet of high-quality vehicles to enhance service reliability and efficiency.

- Explore premises development opportunities to support operational growth and productivity improvements.

The board remains confident in the company’s ability to sustain profitable growth in the coming year through continued operational excellence, fleet investment, and customer retention.

ON BEHALF OF THE BOARD:

D J Simms - Secretary

2 February 2026

| IDS TRANSPORT (UK) LIMITED (REGISTERED NUMBER: 04144319) |

REPORT OF THE DIRECTORS

for the Year Ended 30 June 2025

The directors present their report with the financial statements of the company for the year ended 30 June 2025.

DIVIDENDS

An interim dividend of £883.33 per share on the A Ordinary £0.10 shares was paid during the year. The directors recommend that no final dividend be paid on these shares.

An interim dividend of £144.68 per share on the B Ordinary £0.10 shares was paid during the year. The directors recommend that no final dividend be paid on these shares.

The total distribution of dividends for the year ended 30 June 2025 will be £94,500.

DIRECTORS

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

D J Simms

C J Jones

S L Forbes-Lee

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

The auditors, Kingscott Dix (Cheltenham) Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

D J Simms - Secretary

2 February 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

IDS TRANSPORT (UK) LIMITED

Opinion

We have audited the financial statements of IDS Transport (UK) Limited (the 'company') for the year ended 30 June 2025 which comprise the Profit and Loss Account, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 30 June 2025 and of its profit for the year then ended;

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

- | the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

IDS TRANSPORT (UK) LIMITED

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page 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 company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

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

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

We identified areas of law and regulations that could reasonably be expected to have a material effect on the financial statements from: our commercial and sector experience; our accountancy and tax knowledge; inspection of the Company's relevant correspondence; a review of Companies House filings; and discussions with the Director. We discussed laws and regulations throughout our team and remained alert to any indication of non-compliance throughout the audit. The potential effect of the law and regulations on the financial statements varies considerably.

Firstly, the Company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation, distributable profits legislation and taxation legislation. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

Secondly, the Company is subject to other laws and regulations where the consequences of non-compliance could have a material effect on amounts disclosed in the financial statements, for instance through the imposition of fines or litigation. We identified the following areas as those most likely to have such an effect: food safety, health and safety, operating heavy vehicles, GDPR, and employment laws and regulations, recognising the nature of the Company's activities. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiries of management, and inspection of regulatory and legal correspondence, if any. These limited procedures did not identify actual or suspected non-compliance.

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. 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 non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

IDS TRANSPORT (UK) LIMITED

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.

Gwyneth Milner ACA (Senior Statutory Auditor)

for and on behalf of Kingscott Dix (Cheltenham) Limited

Statutory Auditor

Chartered Accountants

7 Rockfield Business Park

Old Station Drive

Leckhampton

Cheltenham

GL53 0AN

2 February 2026

| IDS TRANSPORT (UK) LIMITED (REGISTERED NUMBER: 04144319) |

PROFIT AND LOSS ACCOUNT

for the Year Ended 30 June 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 3 | 11,562,536 |  | 10,517,555 |  |

Cost of sales | (7,745,892 | ) | (7,198,707 | ) |

GROSS PROFIT | 3,816,644 |  | 3,318,848 |  |

Administrative expenses | (2,874,257 | ) | (2,689,063 | ) |

OPERATING PROFIT | 5 | 942,387 |  | 629,785 |  |

Interest receivable and similar income | 14,007 |  | - |  |

956,394 |  | 629,785 |  |

Interest payable and similar expenses | 6 | (286,030 | ) | (242,790 | ) |

PROFIT BEFORE TAXATION | 670,364 |  | 386,995 |  |

Tax on profit | 7 | (133,441 | ) | (99,000 | ) |

PROFIT FOR THE FINANCIAL YEAR | 536,923 |  | 287,995 |  |

| IDS TRANSPORT (UK) LIMITED (REGISTERED NUMBER: 04144319) |

OTHER COMPREHENSIVE INCOME

for the Year Ended 30 June 2025

| 2025 |  | 2024

| Notes | £ | £ |

PROFIT FOR THE YEAR | 536,923 |  | 287,995 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 536,923 |  | 287,995 |  |

| IDS TRANSPORT (UK) LIMITED (REGISTERED NUMBER: 04144319) |

BALANCE SHEET

30 June 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 9 | 6,401,156 |  | 6,407,104 |  |

Investments | 10 | 1 |  | - |  |

6,401,157 |  | 6,407,104 |  |

CURRENT ASSETS

Stocks | 11 | 61,135 |  | 71,585 |  |

Debtors | 12 | 1,858,134 |  | 1,632,400 |  |

Cash at bank and in hand | 599,598 |  | 517,857 |  |

2,518,867 |  | 2,221,842 |  |

CREDITORS

Amounts falling due within one year | 13 | (2,220,295 | ) | (2,176,335 | ) |

NET CURRENT ASSETS | 298,572 |  | 45,507 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 6,699,729 |  | 6,452,611 |  |

CREDITORS

Amounts falling due after more than one year | 14 | (2,420,154 | ) | (2,606,559 | ) |

PROVISIONS FOR LIABILITIES | 18 | (678,400 | ) | (687,300 | ) |

NET ASSETS | 3,601,175 |  | 3,158,752 |  |

CAPITAL AND RESERVES

Called up share capital | 19 | 50 |  | 50 |  |

Capital redemption reserve | 20 | 50 |  | 50 |  |

Retained earnings | 20 | 3,601,075 |  | 3,158,652 |  |

SHAREHOLDERS' FUNDS | 3,601,175 |  | 3,158,752 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 2 February 2026 and were signed on its behalf by:

D J Simms - Director

| IDS TRANSPORT (UK) LIMITED (REGISTERED NUMBER: 04144319) |

STATEMENT OF CHANGES IN EQUITY

for the Year Ended 30 June 2025

| Called up |  | Capital |

| share |  | Retained |  | redemption |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1 July 2023 | 50 |  | 2,935,657 |  | 50 |  | 2,935,757 |  |

Changes in equity

Dividends | - |  | (65,000 | ) | - |  | (65,000 | ) |

Total comprehensive income | - |  | 287,995 |  | - |  | 287,995 |  |

Balance at 30 June 2024 | 50 |  | 3,158,652 |  | 50 |  | 3,158,752 |  |

Changes in equity

Dividends | - |  | (94,500 | ) | - |  | (94,500 | ) |

Total comprehensive income | - |  | 536,923 |  | - |  | 536,923 |  |

Balance at 30 June 2025 | 50 |  | 3,601,075 |  | 50 |  | 3,601,175 |  |

| IDS TRANSPORT (UK) LIMITED (REGISTERED NUMBER: 04144319) |

CASH FLOW STATEMENT

for the Year Ended 30 June 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 1,403,249 |  | 1,201,819 |  |

Interest paid | (133,713 | ) | (128,452 | ) |

Interest element of hire purchase payments paid | (152,317 | ) | (114,338 | ) |

Tax paid | - |  | (42,731 | ) |

Net cash from operating activities | 1,117,219 |  | 916,298 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (275,607 | ) | (403,856 | ) |

Purchase of fixed asset investments | (1 | ) | - |  |

Sale of tangible fixed assets | 148,000 |  | 159,843 |  |

Interest received | 14,007 |  | - |  |

Net cash from investing activities | (113,601 | ) | (244,013 | ) |

Cash flows from financing activities

Loan repayments in year | (46,891 | ) | (37,080 | ) |

HP capital repayments in year | (836,982 | ) | (857,039 | ) |

Amount introduced by directors | 319,103 |  | 65,000 |  |

Amount withdrawn by directors | (209,859 | ) | (162,827 | ) |

Equity dividends paid | (94,500 | ) | (65,000 | ) |

Net cash from financing activities | (869,129 | ) | (1,056,946 | ) |

Increase/(decrease) in cash and cash equivalents | 134,489 |  | (384,661 | ) |

Cash and cash equivalents at beginning of year | 2 | 110,929 |  | 495,590 |  |

Cash and cash equivalents at end of year | 2 | 245,418 |  | 110,929 |  |

| IDS TRANSPORT (UK) LIMITED (REGISTERED NUMBER: 04144319) |

NOTES TO THE CASH FLOW STATEMENT

for the Year Ended 30 June 2025

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

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 670,364 |  | 386,995 |  |

| Depreciation charges | 701,764 |  | 684,798 |  |

| Loss on disposal of fixed assets | 24,541 |  | 50,681 |  |

| Finance costs | 286,030 |  | 242,790 |  |

| Finance income | (14,007 | ) | - |  |

1,668,692 |  | 1,365,264 |  |

| Decrease/(increase) in stocks | 10,450 |  | (21,335 | ) |

| Increase in trade and other debtors | (332,960 | ) | (241,176 | ) |

| Increase in trade and other creditors | 57,067 |  | 99,066 |  |

| Cash generated from operations | 1,403,249 |  | 1,201,819 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 30 June 2025

| 30.6.25 |  | 1.7.24

£ | £ |

| Cash and cash equivalents | 599,598 |  | 517,857 |  |

| Bank overdrafts | (354,180 | ) | (406,928 | ) |

245,418 |  | 110,929 |  |

| Year ended 30 June 2024

| 30.6.24 |  | 1.7.23

£ | £ |

| Cash and cash equivalents | 517,857 |  | 702,585 |  |

| Bank overdrafts | (406,928 | ) | (206,995 | ) |

110,929 |  | 495,590 |  |

| IDS TRANSPORT (UK) LIMITED (REGISTERED NUMBER: 04144319) |

NOTES TO THE CASH FLOW STATEMENT

for the Year Ended 30 June 2025

3. | ANALYSIS OF CHANGES IN NET DEBT

| Other |

| non-cash |

| At 1.7.24 | Cash flow | changes | At 30.6.25

£ | £ | £ | £ |

| Net cash |

| Cash at bank

| and in hand | 517,857 |  | 81,741 |  | 599,598 |  |

| Bank overdrafts | (406,928 | ) | 52,748 |  | (354,180 | ) |

110,929 |  | 134,489 |  | 245,418 |  |

| Debt

| Finance leases | (2,152,115 | ) | 836,982 |  | - |  | (1,907,883 | ) |

| Debts falling due

| within 1 year | (39,317 | ) | (14,288 | ) | - |  | (53,605 | ) |

| Debts falling due

| after 1 year | (1,376,192 | ) | 61,179 |  | - |  | (1,315,013 | ) |

(3,567,624 | ) | 883,873 |  | - |  | (3,276,501 | ) |

| Total | (3,456,695 | ) | 1,018,362 |  | - |  | (3,031,083 | ) |

| IDS TRANSPORT (UK) LIMITED (REGISTERED NUMBER: 04144319) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| IDS Transport (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

| The financial statements have been prepared on a going concern basis. The directors have undertaken a going concern assessment and are satisfied that the company has sufficient resources to continue to meet its debts as they fall due.

| Significant judgements and estimates

| The directors are required to make various judgements and estimates in respect of: the fair value of freehold property; asset depreciation rates; deferred tax liabilities; and the recoverability of trade debtor balances.

| Turnover

| Turnover represents net invoiced sales of goods, excluding value added tax.

| Haulage sales are recognised when the goods are delivered.

| Tangible 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.

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 20% on reducing balance and 15% on reducing balance

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Stocks

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

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| IDS TRANSPORT (UK) LIMITED (REGISTERED NUMBER: 04144319) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 June 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 balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Hire purchase and leasing commitments

| 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.

| Pension costs and other post-retirement benefits

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

| Financial instruments

| The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. | TURNOVER

| All of the company's revenue is derived from the UK and relates to the same class of business.

4. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 3,369,710 |  | 3,363,881 |  |

| Social security costs | 337,463 |  | 323,386 |  |

| Other pension costs | 59,949 |  | 60,262 |  |

3,767,122 |  | 3,747,529 |  |

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

| 2025 |  | 2024

| Operational | 83 |  | 82 |  |

| Administration | 15 |  | 12 |  |

98 |  | 94 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 185,469 |  | 176,319 |  |

| Directors' pension contributions to money purchase schemes | 2,832 |  | 2,861 |  |

| IDS TRANSPORT (UK) LIMITED (REGISTERED NUMBER: 04144319) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 June 2025

4. | EMPLOYEES AND DIRECTORS - continued

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

| Money purchase schemes | 3 |  | 3 |  |

| The directors are considered to be the key management personnel of the company, for the purposes of FRS 102.

5. | OPERATING PROFIT

| The operating profit is stated after charging:

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 198,365 |  | 196,390 |  |

| Depreciation - assets on hire purchase contracts | 503,399 |  | 488,408 |  |

| Loss on disposal of fixed assets | 24,541 |  | 50,681 |  |

| Auditors' remuneration | 9,950 |  | 9,700 |  |

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank interest | 35,380 |  | 20,297 |  |

| Other interest | 3,872 |  | 3,882 |  |

| Loan interest | 94,461 |  | 104,273 |  |

| Hire purchase interest | 152,317 |  | 114,338 |  |

286,030 |  | 242,790 |  |

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 | 142,341 |  | - |  |

| Deferred tax | (8,900 | ) | 99,000 |  |

| Tax on profit | 133,441 |  | 99,000 |  |

| IDS TRANSPORT (UK) LIMITED (REGISTERED NUMBER: 04144319) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 June 2025

7. | TAXATION - continued

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 670,364 |  | 386,995 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 167,591 |  | 96,749 |  |

| Effects of:

| Expenses not deductible for tax purposes | 6,047 |  | - |  |

| Capital allowances in excess of depreciation | (32,841 | ) | (5,105 | ) |

| Utilisation of tax losses | (7,356 | ) | - |  |

| Tax losses carried forward | - |  | 7,356 |  |

| Total tax charge | 133,441 |  | 99,000 |  |

8. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary shares of £0.10 each

| Interim | - |  | 65,000 |  |

| A Ordinary shares of £0.10 each

| Interim | 26,500 |  | - |  |

| B Ordinary shares of £0.10 each

| Interim | 68,000 |  | - |  |

94,500 |  | 65,000 |  |

| During the year the directors received dividends of £94,500 (2024 - £65,000).

| IDS TRANSPORT (UK) LIMITED (REGISTERED NUMBER: 04144319) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 June 2025

9. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | Plant and |  | and |  | Motor |

| property |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST OR VALUATION

| At 1 July 2024 | 3,161,912 |  | 1,045,730 |  | 67,471 |  | 7,378,333 |  | 11,653,446 |  |

| Additions | 77,660 |  | 20,678 |  | 14,232 |  | 755,787 |  | 868,357 |  |

| Disposals | - |  | - |  | - |  | (1,288,209 | ) | (1,288,209 | ) |

| At 30 June 2025 | 3,239,572 |  | 1,066,408 |  | 81,703 |  | 6,845,911 |  | 11,233,594 |  |

| DEPRECIATION

| At 1 July 2024 | - |  | 740,304 |  | 48,505 |  | 4,457,533 |  | 5,246,342 |  |

| Charge for year | - |  | 71,860 |  | 7,068 |  | 622,836 |  | 701,764 |  |

| Eliminated on disposal | - |  | - |  | - |  | (1,115,668 | ) | (1,115,668 | ) |

| At 30 June 2025 | - |  | 812,164 |  | 55,573 |  | 3,964,701 |  | 4,832,438 |  |

| NET BOOK VALUE

| At 30 June 2025 | 3,239,572 |  | 254,244 |  | 26,130 |  | 2,881,210 |  | 6,401,156 |  |

| At 30 June 2024 | 3,161,912 |  | 305,426 |  | 18,966 |  | 2,920,800 |  | 6,407,104 |  |

| Cost or valuation at 30 June 2025 is represented by:

| Fixtures |

| Freehold |  | Plant and |  | and |  | Motor |

| property |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| Valuation in 2023 | 110,470 |  | - |  | - |  | - |  | 110,470 |  |

| Cost | 3,129,102 |  | 1,066,408 |  | 81,703 |  | 6,845,911 |  | 11,123,124 |  |

3,239,572 |  | 1,066,408 |  | 81,703 |  | 6,845,911 |  | 11,233,594 |  |

| If freehold property had not been revalued it would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 2,819,530 |  | 2,819,530 |  |

| Aggregate depreciation | 170,763 |  | 170,763 |  |

| Freehold property was valued on an open market basis on 30 November 2022 by Stephen Hobbs MRICS of Vail Williams LLP .

| At the balance sheet date the company held tangible fixed assets under hire purchase agreements that had a cost of £3,984,344 (2024 - £3,793,376) and a net book value of £2,371,115 (2024 - £2,306,648).

| IDS TRANSPORT (UK) LIMITED (REGISTERED NUMBER: 04144319) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 June 2025

10. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| Additions | 1 |  |

| At 30 June 2025 | 1 |  |

| NET BOOK VALUE

| At 30 June 2025 | 1 |  |

| The company's investments at the Balance Sheet date in the share capital of companies include the following:

| IDS TRANSPORT RETAIL LIMITED

| Registered office: Unit 32, Two Shires Business Park, Weston Road, Honeybourne, WR11 7QF

| Nature of business: Dormant

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| 30.4.25 |  | 30.4.24

£ | £ |

| Aggregate capital and reserves | 1 |  | 1 |  |

11. | STOCKS

2025 | 2024 |

£ | £ |

| Fuel stock and spares | 61,135 |  | 71,585 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 1,612,763 |  | 1,375,336 |  |

| Other debtors | 125,025 |  | 136,606 |  |

| Prepayments and accrued income | 120,346 |  | 120,458 |  |

1,858,134 |  | 1,632,400 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 15) | 407,785 |  | 446,245 |  |

| Hire purchase contracts (see note 16) | 802,742 |  | 921,748 |  |

| Trade creditors | 539,788 |  | 445,905 |  |

| Corporation tax | 142,318 |  | - |  |

| Social security and other taxes | 270,491 |  | 318,031 |  |

| Other creditors | 21,788 |  | 6,441 |  |

| Directors' loan accounts | 12,233 |  | 10,215 |  |

| Accruals and deferred income | 23,150 |  | 27,750 |  |

2,220,295 |  | 2,176,335 |  |

| IDS TRANSPORT (UK) LIMITED (REGISTERED NUMBER: 04144319) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 June 2025

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

2025 | 2024 |

£ | £ |

| Bank loans (see note 15) | 1,315,013 |  | 1,376,192 |  |

| Hire purchase contracts (see note 16) | 1,105,141 |  | 1,230,367 |  |

2,420,154 |  | 2,606,559 |  |

15. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank overdrafts | 354,180 |  | 406,928 |  |

| Bank loans | 53,605 |  | 39,317 |  |

407,785 |  | 446,245 |  |

| Amounts falling due between two and five years:

| Bank loans | 214,419 |  | 157,083 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans | 1,100,594 |  | 1,219,109 |  |

16. | LEASING AGREEMENTS

| Minimum lease payments under hire purchase fall due as follows:

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 802,742 |  | 921,748 |  |

| Between one and five years | 1,105,141 |  | 1,230,367 |  |

1,907,883 |  | 2,152,115 |  |

| IDS TRANSPORT (UK) LIMITED (REGISTERED NUMBER: 04144319) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 June 2025

17. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank overdrafts | 354,180 |  | 406,928 |  |

| Bank loans | 1,368,618 |  | 1,415,509 |  |

| Hire purchase contracts | 1,907,883 |  | 2,152,115 |  |

3,630,681 |  | 3,974,552 |  |

| Bank overdrafts are secured by a fixed charge over the book debts of the company.

| Bank loans are secured by a charge over the freehold property of the company.

| Hire purchase contracts are secured on the assets to which they relate.

18. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 678,400 |  | 687,300 |  |

| Deferred |

| tax |

£ |

| Balance at 1 July 2024 | 687,300 |  |

| Credit to Profit and Loss Account during year | (8,900 | ) |

| Balance at 30 June 2025 | 678,400 |  |

| The deferred tax liability primarily relates to accelerated capital allowances. It is expected to reverse in future years as the net book value of tangible fixed assets decreases by depreciation, and therefore becomes comparable with the written down value of these assets for corporation tax purposes.

| The element of the deferred tax liability that relates to property revaluations is trivial.

19. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 470 | Ordinary | £0.10 | - |  | 47 |  |

| 30 | A Ordinary | £0.10 | 3 |  | 3 |  |

| 470 | B Ordinary | £0.10 | 47 |  | - |  |

50 |  | 50 |  |

| During the year, the company redesignated 470 Ordinary shares of £0.10 each as 470 B Ordinary shares of £0.10 each.

| All shares have full voting rights, capital rights and dividend rights.

| IDS TRANSPORT (UK) LIMITED (REGISTERED NUMBER: 04144319) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 June 2025

20. | RESERVES

| Capital |

| Retained |  | redemption |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 July 2024 | 3,158,652 |  | 50 |  | 3,158,702 |  |

| Profit for the year | 536,923 |  | - |  | 536,923 |  |

| Dividends | (94,500 | ) | - |  | (94,500 | ) |

| At 30 June 2025 | 3,601,075 |  | 50 |  | 3,601,125 |  |

| The company has recognised the following reserves:

| Retained earnings - comprises accumulated total comprehensive income, less dividends.

| Capital redemption reserve - comprises the nominal value of own shares repurchased.

| At the year end, £281,233 of the companies reserves were not distributable, as they relate to unrealised revaluation gains.

21. | RELATED PARTY DISCLOSURES

| During the year, the company advanced directors £221,859 (2024 - £188,002) of which £331,103 (2024 - £90,176) was repaid during the year.

| At the year end, the directors were owed £1,636 by the company (2024 - £107,608 owed to the company). This was repaid shortly after the year end.

22. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is D J Simms.

23. | SHARE-BASED PAYMENT TRANSACTIONS

| During the year, the company agreed an EMI share options plan.

| Options were granted over 10 Ordinary shares of £0.10 each, with an exercise price of £2,124 each. The options may be exercised within a ten year period ending October 2034, subject to certain vesting conditions being met.

| No options had been exercised as of the balance sheet date.