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REGISTERED NUMBER: NI039542 (Northern Ireland)

Strategic Report, Report of the Directors and

Audited Financial Statements for the Year Ended 30 June 2025

for

FG7 Limited

| FG7 Limited (Registered number: NI039542) |

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 | 6 |

| Income Statement | 10 |

| Other Comprehensive Income | 11 |

| Balance Sheet | 12 |

| Statement of Changes in Equity | 13 |

| Cash Flow Statement | 14 |

| Notes to the Cash Flow Statement | 15 |

| Notes to the Financial Statements | 16 |

| FG7 Limited |

Company Information

for the Year Ended 30 June 2025

| DIRECTORS: | C Adams

| N P Elliott

| J R Goss

| N Mccarron

| K O'Kane

| N Patrick

| REGISTERED OFFICE: | 45 Ruskey Road

| Cookstown

| Co. Tyrone

| BT80 0AH

| REGISTERED NUMBER: | NI039542 (Northern Ireland)

| AUDITORS: | BMK Accounting Limited

| 43 Lockview Road

| Belfast

| Antrim

| BT9 5FJ

| FG7 Limited (Registered number: NI039542) |

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

FG7 is a wholesale trader of motor vehicle parts and accessories. The company is continuing to grow and the twelve months ending 30 June 2025 saw turnover increase to £23,963,258 (2024: £20,766,423). The gross profit for the year ending 30 June 2025 is £4,559,173 (2024: £3,915,373). The net assets at 30 June 2025 are £7,634,950 (2024: £6,376,467). The directors are pleased with the performance of the company during the year. The directors aim to present a balanced and comprehensive review of the development and performance of the business during the year and its position at the year end. Our review is consistent with the size and complex nature of the business and is written in the context of the risk and uncertainties we face.

FUTURE DEVELOPMENTS

The directors are committed to long term creation of shareholder value by increasing market share through organic economic growth.

KEY PERFORMANCE INDICATORS

The key performance indicators during the financial year were turnover, gross profit and gross profit margin.

PRINCIPAL RISKS AND UNCERTAINTIES

The management of the business and the execution of the company's strategy are subject to a number of risks. The key business risks and uncertainties affecting the company are considered to relate to competition from both national and international businesses of a similar nature and market risk arising from any potential economic downturn. This is being managed by the company's management team.

The company uses various financial instruments including cash, trade debtors and trade creditors that arise directly from its operations. The main purpose of these financial instruments is to raise finance for the company's operations.

FINANCIAL RISK MANAGEMENT

The existence of financial instruments exposes the company to a variety of financial risks that include the effects of price risk, credit risk, liquidity risk and foreign exchange risk. The company has in place a risk management program that seeks to limit the adverse effects of these risks on the financial performance of the company.

Given the size of the company the directors have not delegated the responsibility of monitoring financial risk management to a sub-committee of the board. The policies set by the board of directors are implemented by the company's finance department.

PRICE RISK

The company is exposed to commodity price as a result of its operations. However, given the size of the company's operations, the cost of managing exposure to commodity price risk exceeds any potential benefit.

CREDIT RISK

Credit risk is the potential financial loss resulting from the failure of a customer or a counter party to settle its financial and contractual obligations to the company, as and when they fall due. All customers who wish to trade on credit terms are subject to credit verification procedures. Trade debtors are monitored on an ongoing basis and provision is made for doubtful debts where necessary.

LIQUIDITY RISK

The company seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs. Short term flexibility is achieved by the availability of an overdraft facility should it be required.

| FG7 Limited (Registered number: NI039542) |

Strategic Report

for the Year Ended 30 June 2025

FOREIGN EXCHANGE RISK

While the greater part of the company's revenues and expenses are denominated in sterling, the company is exposed to some foreign exchange risk in the normal course of business, principally on sales and purchases in euros. Given the size of the company, the directors have not used financial instruments to date to hedge foreign exchange exposure.

ON BEHALF OF THE BOARD:

K O'Kane - Director

9 February 2026

| FG7 Limited (Registered number: NI039542) |

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.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of Wholesale trade of motor vehicle parts and accessories

DIVIDENDS

No interim dividend was paid during the year. The directors recommend a final dividend of £80,000 per share.

The total distribution of dividends for the year ended 30 June 2025 will be £ 400,000 .

DIRECTORS

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

C Adams

N P Elliott

J R Goss

N Mccarron

K O'Kane

N Patrick

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

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

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

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

| FG7 Limited (Registered number: NI039542) |

Report of the Directors

for the Year Ended 30 June 2025

AUDITORS

The auditors, BMK Accounting Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

K O'Kane - Director

9 February 2026

Report of the Independent Auditors to the Members of

FG7 Limited

Opinion

We have audited the financial statements of FG7 Limited (the 'company') for the year ended 30 June 2025 which comprise the Income Statement, 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

FG7 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.

Report of the Independent Auditors to the Members of

FG7 Limited

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

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the company and industry, we identified the principal risks of non-compliance with laws and regulations related to data protection rules, health and safety legislation and environmental law. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and Financial Reporting Standards.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements and determined that the principal risks related to fraudulent financial reporting and management bias in accounting estimates. We communicated the identified laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit. Audit procedures performed by the auditors included, but were not limited to:

Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud;

Reviewing key correspondence with external legal advisors;

Challenging assumptions and judgements made by management in their significant accounting estimates; and

Identifying and testing of unusual journal entries.

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

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.

Report of the Independent Auditors to the Members of

FG7 Limited

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

- Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern.

- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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.

Brian McKee (Senior Statutory Auditor)

for and on behalf of BMK Accounting Limited

43 Lockview Road

Belfast

Antrim

BT9 5FJ

9 February 2026

| FG7 Limited (Registered number: NI039542) |

Income Statement

for the Year Ended 30 June 2025

| 30.6.25 |  | 30.6.24

| Notes | £ | £ |

TURNOVER | 23,963,258 |  | 20,766,423 |  |

Cost of sales | 19,404,085 |  | 16,851,050 |  |

GROSS PROFIT | 4,559,173 |  | 3,915,373 |  |

Administrative expenses | 2,460,941 |  | 2,099,069 |  |

2,098,232 |  | 1,816,304 |  |

Other operating income | 39,950 |  | 37,964 |  |

OPERATING PROFIT | 4 | 2,138,182 |  | 1,854,268 |  |

Interest receivable and similar income | 84,232 |  | 26,801 |  |

2,222,414 |  | 1,881,069 |  |

Interest payable and similar expenses | 5 | 6,024 |  | 14,317 |  |

PROFIT BEFORE TAXATION | 2,216,390 |  | 1,866,752 |  |

Tax on profit | 6 | 557,907 |  | 484,733 |  |

PROFIT FOR THE FINANCIAL YEAR | 1,658,483 |  | 1,382,019 |  |

| FG7 Limited (Registered number: NI039542) |

Other Comprehensive Income

for the Year Ended 30 June 2025

| 30.6.25 |  | 30.6.24

| Notes | £ | £ |

PROFIT FOR THE YEAR | 1,658,483 |  | 1,382,019 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,658,483 |  | 1,382,019 |  |

| FG7 Limited (Registered number: NI039542) |

Balance Sheet

30 June 2025

| 30.6.25 | 30.6.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 8 | 1,437,769 |  | 1,321,451 |  |

CURRENT ASSETS

Stocks | 9 | 4,102,742 |  | 3,772,197 |  |

Debtors | 10 | 3,617,530 |  | 3,306,817 |  |

Cash at bank | 3,916,006 |  | 2,768,985 |  |

11,636,278 |  | 9,847,999 |  |

CREDITORS

Amounts falling due within one year | 11 | 5,355,844 |  | 4,692,640 |  |

NET CURRENT ASSETS | 6,280,434 |  | 5,155,359 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 7,718,203 |  | 6,476,810 |  |

CREDITORS

Amounts falling due after more than one year | 12 | - |  | (25,780 | ) |

PROVISIONS FOR LIABILITIES | 14 | (83,253 | ) | (74,563 | ) |

NET ASSETS | 7,634,950 |  | 6,376,467 |  |

CAPITAL AND RESERVES

Called up share capital | 15 | 5 |  | 5 |  |

Retained earnings | 16 | 7,634,945 |  | 6,376,462 |  |

SHAREHOLDERS' FUNDS | 7,634,950 |  | 6,376,467 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 9 February 2026 and were signed on its behalf by:

K O'Kane - Director

| FG7 Limited (Registered number: NI039542) |

Statement of Changes in Equity

for the Year Ended 30 June 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 July 2023 | 5 |  | 5,244,443 |  | 5,244,448 |  |

Changes in equity

Dividends | - |  | (250,000 | ) | (250,000 | ) |

Total comprehensive income | - |  | 1,382,019 |  | 1,382,019 |  |

Balance at 30 June 2024 | 5 |  | 6,376,462 |  | 6,376,467 |  |

Changes in equity

Dividends | - |  | (400,000 | ) | (400,000 | ) |

Total comprehensive income | - |  | 1,658,483 |  | 1,658,483 |  |

Balance at 30 June 2025 | 5 |  | 7,634,945 |  | 7,634,950 |  |

| FG7 Limited (Registered number: NI039542) |

Cash Flow Statement

for the Year Ended 30 June 2025

| 30.6.25 |  | 30.6.24

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 2,171,662 |  | 1,666,073 |  |

Interest paid | - |  | (6,851 | ) |

Interest element of hire purchase payments paid | (6,024 | ) | (7,466 | ) |

Tax paid | (749,619 | ) | (296,007 | ) |

Net cash from operating activities | 1,416,019 |  | 1,355,749 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (274,504 | ) | (255,195 | ) |

Sale of tangible fixed assets | 27,500 |  | 85,833 |  |

Interest received | 84,232 |  | 26,801 |  |

Net cash from investing activities | (162,772 | ) | (142,561 | ) |

Cash flows from financing activities

Balances owed to shareholders | 400,000 |  | - |  |

Loan repayments in year | - |  | (222,883 | ) |

Capital repayments in year | (106,226 | ) | 75,146 |  |

Equity dividends paid | (400,000 | ) | (250,000 | ) |

Net cash from financing activities | (106,226 | ) | (397,737 | ) |

Increase in cash and cash equivalents | 1,147,021 |  | 815,451 |  |

Cash and cash equivalents at beginning of year | 2 | 2,768,985 |  | 1,953,534 |  |

Cash and cash equivalents at end of year | 2 | 3,916,006 |  | 2,768,985 |  |

| FG7 Limited (Registered number: NI039542) |

Notes to the Cash Flow Statement

for the Year Ended 30 June 2025

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

| 30.6.25 |  | 30.6.24

£ | £ |

| Profit before taxation | 2,216,390 |  | 1,866,752 |  |

| Depreciation charges | 137,722 |  | 128,164 |  |

| Profit on disposal of fixed assets | (7,039 | ) | (27,936 | ) |

| Finance costs | 6,024 |  | 14,317 |  |

| Finance income | (84,232 | ) | (26,801 | ) |

2,268,865 |  | 1,954,496 |  |

| Increase in stocks | (330,545 | ) | (71,780 | ) |

| Increase in trade and other debtors | (310,713 | ) | (541,554 | ) |

| Increase in trade and other creditors | 544,055 |  | 324,911 |  |

| Cash generated from operations | 2,171,662 |  | 1,666,073 |  |

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 | 3,916,006 |  | 2,768,985 |  |

| Year ended 30 June 2024

| 30.6.24 |  | 1.7.23

£ | £ |

| Cash and cash equivalents | 2,768,985 |  | 1,953,534 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.7.24 | Cash flow | At 30.6.25

£ | £ | £ |

| Net cash |

| Cash at bank | 2,768,985 |  | 1,147,021 |  | 3,916,006 |  |

2,768,985 |  | 1,147,021 |  | 3,916,006 |  |

| Debt

| Finance leases | (127,879 | ) | 106,226 |  | (21,653 | ) |

(127,879 | ) | 106,226 |  | (21,653 | ) |

| Total | 2,641,106 |  | 1,253,247 |  | 3,894,353 |  |

| FG7 Limited (Registered number: NI039542) |

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| FG7 Limited is a private company, limited by shares , registered in Northern Ireland. 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.

| Significant judgements and estimates

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| (a) Stock provision

| Provision is based on the value of items at 30 June 2025 which have not moved in a certain amount of time or are deemed obsolete.

| (b) Rebates debtor

| Rebates are recognised when it is certain they are receivable.

| Revenue recognition

| Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

| FG7 Limited (Registered number: NI039542) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

| An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

| Impairment of fixed assets

| A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

| For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

| For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

| Stocks

| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Cost is calculated using the average cost formula. Full provision is made for obsolete and slow moving items.

| Financial instruments

| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

| Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

| For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

| Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

| FG7 Limited (Registered number: NI039542) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

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

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

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

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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

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

| Finance leases and hire purchase contracts

| Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

| Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

| Operating leases

| Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

| 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.

| Provisions

| Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

| Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

| FG7 Limited (Registered number: NI039542) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

3. | EMPLOYEES AND DIRECTORS

| 30.6.25 |  | 30.6.24

£ | £ |

| Wages and salaries | 1,568,584 |  | 1,327,432 |  |

| Social security costs | 146,910 |  | 107,971 |  |

| Other pension costs | 26,608 |  | 21,085 |  |

1,742,102 |  | 1,456,488 |  |

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

| 30.6.25 |  | 30.6.24

57 |  | 52 |  |

| 30.6.25 |  | 30.6.24

£ | £ |

| Directors' remuneration | 97,316 |  | 80,000 |  |

4. | OPERATING PROFIT

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

| 30.6.25 |  | 30.6.24

£ | £ |

| Hire of plant and machinery | 3,808 |  | 938 |  |

| Depreciation - owned assets | 137,725 |  | 128,164 |  |

| Profit on disposal of fixed assets | (7,039 | ) | (27,936 | ) |

| Auditors' remuneration | 13,833 |  | 9,513 |  |

5. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 30.6.25 |  | 30.6.24

£ | £ |

| Interest paid | - |  | 6,851 |  |

| Hire purchase | 6,024 |  | 7,466 |  |

6,024 |  | 14,317 |  |

6. | TAXATION

| Analysis of the tax charge

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

| 30.6.25 |  | 30.6.24

£ | £ |

| Current tax:

| UK corporation tax | 549,217 |  | 449,239 |  |

| Deferred tax | 8,690 |  | 35,494 |  |

| Tax on profit | 557,907 |  | 484,733 |  |

| FG7 Limited (Registered number: NI039542) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

7. | DIVIDENDS

| 30.6.25 |  | 30.6.24

£ | £ |

| Ordinary shares of 1 each

| Final | 400,000 |  | 250,000 |  |

8. | TANGIBLE FIXED ASSETS

| Fixtures

| Freehold |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 July 2024 | 1,174,445 |  | 53,341 |  | 290,680 |  |

| Additions | 97,302 |  | 44,700 |  | 97,079 |  |

| Disposals | - |  | (8,998 | ) | - |  |

| At 30 June 2025 | 1,271,747 |  | 89,043 |  | 387,759 |  |

| DEPRECIATION

| At 1 July 2024 | 151,246 |  | 49,297 |  | 290,680 |  |

| Charge for year | 23,523 |  | 5,522 |  | 10,787 |  |

| Eliminated on disposal | - |  | (8,998 | ) | - |  |

| At 30 June 2025 | 174,769 |  | 45,821 |  | 301,467 |  |

| NET BOOK VALUE

| At 30 June 2025 | 1,096,978 |  | 43,222 |  | 86,292 |  |

| At 30 June 2024 | 1,023,199 |  | 4,044 |  | - |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 July 2024 | 418,487 |  | 103,357 |  | 2,040,310 |  |

| Additions | 35,423 |  | - |  | 274,504 |  |

| Disposals | (29,761 | ) | - |  | (38,759 | ) |

| At 30 June 2025 | 424,149 |  | 103,357 |  | 2,276,055 |  |

| DEPRECIATION

| At 1 July 2024 | 129,507 |  | 98,129 |  | 718,859 |  |

| Charge for year | 95,385 |  | 2,508 |  | 137,725 |  |

| Eliminated on disposal | (9,300 | ) | - |  | (18,298 | ) |

| At 30 June 2025 | 215,592 |  | 100,637 |  | 838,286 |  |

| NET BOOK VALUE

| At 30 June 2025 | 208,557 |  | 2,720 |  | 1,437,769 |  |

| At 30 June 2024 | 288,980 |  | 5,228 |  | 1,321,451 |  |

| Included in motor vehicles are held under hire purchase contracts with a net book value of £117,523 at 30 June 2025 (2024: £244,199).

| FG7 Limited (Registered number: NI039542) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

9. | STOCKS

| 30.6.25 |  | 30.6.24

£ | £ |

| Stocks | 4,102,742 |  | 3,772,197 |  |

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

| 30.6.25 |  | 30.6.24

£ | £ |

| Trade debtors | 3,171,944 |  | 3,031,996 |  |

| Other debtors | 386,361 |  | 217,433 |  |

| Prepayments and accrued income | 59,225 |  | 57,388 |  |

3,617,530 |  | 3,306,817 |  |

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

| 30.6.25 |  | 30.6.24

£ | £ |

| Hire purchase contracts (see note 13) | 21,653 |  | 102,099 |  |

| Trade creditors | 3,968,752 |  | 3,631,614 |  |

| Amounts owed to participating interests | 400,000 |  | - |  |

| Tax | 248,880 |  | 449,285 |  |

| Social security and other taxes | 43,455 |  | 39,704 |  |

| VAT | 239,459 |  | 189,902 |  |

| Other creditors | 270,341 |  | 194,903 |  |

| Accrued expenses | 163,304 |  | 85,133 |  |

5,355,844 |  | 4,692,640 |  |

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

| 30.6.25 |  | 30.6.24

£ | £ |

| Hire purchase contracts (see note 13) | - |  | 25,780 |  |

13. | LEASING AGREEMENTS

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

| 30.6.25 |  | 30.6.24 |

£ | £ |

| Net obligations repayable:

| Within one year | 21,653 |  | 102,099 |  |

| Between one and five years | - |  | 25,780 |  |

21,653 |  | 127,879 |  |

14. | PROVISIONS FOR LIABILITIES

| 30.6.25 |  | 30.6.24

£ | £ |

| Deferred tax | 83,253 |  | 74,563 |  |

| FG7 Limited (Registered number: NI039542) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

14. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 July 2024 | 74,563 |  |

| Provided during year | 8,690 |  |

| Balance at 30 June 2025 | 83,253 |  |

15. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.6.25 |  | 30.6.24

| value: | £ | £ |

| 5 | Ordinary | 1 | 5 |  | 5 |  |

16. | RESERVES

| Retained

| earnings

£ |

| At 1 July 2024 | 6,376,462 |  |

| Profit for the year | 1,658,483 |  |

| Dividends | (400,000 | ) |

| At 30 June 2025 | 7,634,945 |  |

17. | RELATED PARTY DISCLOSURES

| Included in debtors:

|  | 30.06.25 |  | 30.06.24 |  |

|  | £ |  | £ |  |

| Trade debtors |  | 1,435,994 |  | 1,350,397 |  |

| Included in creditors:

|  | 30.06.25 |  | 30.06.24 |  |

|  | £ |  | £ |  |

| Trade creditors |  | 47 |  | - |  |

| Owed to participating interests |  | 400,000 |  | - |  |

| Other creditors |  | 87,285 |  | 69,695 |  |

18. | ULTIMATE CONTROLLING PARTY

| The company is under control of the five shareholders who each own 20% of the ordinary share capital. No one person or entity can exert control over the company in their own right.