IRIS Accounts Production v25.4.0.155 03184432 Board of Directors Board of Directors 1.7.24 30.6.25 30.6.25 Medium entities The principal activity of the company in the year under review was that of an IT based document production facility offering highly technical solutions for intelligent printing and mailing, e-billing/delivery, document archive and retrieval and back office Hybrid Mail. Committed to delivering guaranteed business outcomes through a combination of technology and process expertise, FCS gives its clients the freedom to do more with their business. Innovative technical solutions have allowed customers to manage their own document flows offering significant improvements and long term cost reductions. true true false true true false false false true true true 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: 03184432 (England and Wales)

| Strategic Report, Report of the Directors and |

| Financial Statements |

| for the Year Ended 30 June 2025 |

| for |

| Facilities & Corporate Solutions Limited |

| Facilities & Corporate Solutions Limited (Registered number: 03184432) |

Contents of the Financial Statements

for the year ended 30 June 2025

| Page |

| Company Information | 1 |

| Strategic Report | 2 |  | to |  | 5

| Report of the Directors | 6 |  | to |  | 7

| Report of the Independent Auditors | 8 |  | to |  | 11

| Statement of Comprehensive Income | 12 |

| Balance Sheet | 13 |

| Statement of Changes in Equity | 14 |

| Notes to the Financial Statements | 15 |  | to |  | 27

| Facilities & Corporate Solutions Limited |

Company Information

for the year ended 30 June 2025

| DIRECTORS: | Mr S Beeching

| Mr L Mcdonald

| REGISTERED OFFICE: | Wood Lane

| Erdington

| Birmingham

| West Midlands

| B24 9QL

| REGISTERED NUMBER: | 03184432 (England and Wales)

| AUDITORS: | Clifford Roberts

| Chartered Accountants &

| Statutory Auditors

| Pacioli House

| 9 Brookfield

| Duncan Close

| Northampton

| Northamptonshire

| NN3 6WL

| Facilities & Corporate Solutions Limited (Registered number: 03184432) |

Strategic Report

for the year ended 30 June 2025

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of an IT based document production facility offering highly technical solutions for intelligent printing and mailing, e-billing/delivery, document archive and retrieval and back office Hybrid Mail. Committed to delivering guaranteed business outcomes through a combination of technology and process expertise, FCS gives its clients the freedom to do more with their business. Innovative technical solutions have allowed customers to manage their own document flows offering significant improvements and long term cost reductions.

REVIEW OF BUSINESS

Turnover for the year under review is £18,830,488 compared to £17,147,125 for the year ended 30 June 2024, an increase of 9.82%. Profit before taxation for the year is £2,529,789 compared to £3,268,592 for the prior year.

At the year end the company had shareholders funds of £6,142,956 including distributable reserves of £5,941,033. The directors therefore believe the company's position to be satisfactory and are optimistic for the future, especially as the company's current assets exceed its current liabilities by £5,398,259.

| Facilities & Corporate Solutions Limited (Registered number: 03184432) |

Strategic Report

for the year ended 30 June 2025

PRINCIPAL RISKS AND UNCERTAINTIES

The process of risk acceptance and risk management is addressed through a framework of policies, procedures and internal controls, all of which are governed by our adherence to accredited ISO Standards. All policies are subject to Board approval and ongoing review by directors and management. Compliance with regulation, legal and ethical standards is a high priority for the company. The company has developed a framework for identifying the risks it faces and the directors have assessed the main risks to the business as being its dependency on the performance of the UK economy, our reliance on the availability of postal sortation streams, and a concerted effort of businesses to look at digital communications as complimentary method of communication.

Principal risk |  | Key controls and mitigating factors |

Economic |  | The company could be affected by national and international economic factors outside of its control, including economic slowdown, inflation, increases in interest rates, overseas conflicts etc. |  | The UK economy remains uncertain, with many businesses delaying discretionary spending ahead of the upcoming Budget. Inflation has eased but remains above target, and interest rates are expected to stay stable in the near term. Despite softer demand for ad-hoc contribution mailings, the Company's strong financial and debt sector client base continues to provide stability. Ongoing interest-rate-related communications from these clients are expected to offset any reduction in other mailing activity. |

Changes to postal USO |  | Royal Mail are intimating sweeping changes to the Universal Service Obligation |  | The Universal Postal Service (USO) guarantees affordable, uniform-priced delivery to every UK address. Royal Mail remains legally required to provide this service under the Postal Services Act 2011 and the Universal Postal Service Order.++However, the USO is now undergoing significant reform. From July 2025, Second Class letters will move to alternate-day delivery and revised service-quality targets will apply, reflecting the need to improve financial sustainability and adapt to falling letter volumes. Royal Mail has also recently failed to meet existing USO performance standards, leading to increased regulatory scrutiny.++FCS continues to stay closely informed through active involvement in the Strategic Mailing Partnership (SMP), including board representation, ensuring we understand and can influence these developments. |

Digitisation transformation |  | Reduction in physical posted items |  | Digitisation transformation Reduction in physical posted items Transactional mail volume has decreased from 50% of the total UK mail volume in 2012, to a forecast of 39% in 2024. A large reason for this is Royal Mail's policy to increase Business Mail costs unproportionally when compared to Advertising Mail. The Company is putting together a business plan to mitigate this volume downturn by creating a digital communication offering, which we hope will alleviate the potential loss of mail volume. However Direct Mail has for the past ten years remained extremely constant and is predicted to remain at circa 30% of the total postal volume. The Company has and will continue to invest in both proprietary "in-house" built solutions and specialist composition software in order to grow our digital solutions. |

| Facilities & Corporate Solutions Limited (Registered number: 03184432) |

Strategic Report

for the year ended 30 June 2025

Purchasing trends |  | How customer buy from us |  | Transactional mail remains a trusted channel for statements, invoices, and notifications. It is increasingly hybrid, combining print with digital touchpoints, automated for efficiency, secure, and sustainable, while also driving online engagement and purchases. Many larger contracts are reliant upon a tender process whereby the significant factor is invariably commercial fiscals over and above service levels and quality. |

We would like to express our sincere thanks to our staff and supply chain associates for their dedication and commitment, both delivering outstanding service.

The company finances its business through its shareholder funds and approved lines of credit.

FUTURE DEVELOPMENTS

Our commitment to future investment remains resolute, investment in skilled staff, digital transformation services, MI software and enclosing hardware is being monitored closely.

We expect the current UK economic conditions to be evident for the foreseeable future and we will continue to monitor the situation closely.

The investment in FCS Software Solutions Limited, which is specifically targeted with the development of web-based solutions for Local Government and Education continues to suffer from economic restrictions imposed by Government on spend. The core software development is virtually complete and the company is now concentrating on supplementary modules to the core offering as well as non-core solutions. Current pipeline suggests that the company will produce tangible returns by the end 2025/2026. This is wholly dependant on cabinet office investment requirements, without which, over the past 12 months has principally financed the business.

KEY PERFORMANCE INDICATORS

We have made significant progress throughout the year in relation to the key elements of our strategy, the board monitors the progress by reference to the following KPI's:

| 2025 |  | 2024 |  |

Increase/(decrease) in turnover |  | 9.82% |  | 14.04% |  |

Gross profit percentage |  | 28.4% |  | 32.43% |  |

Operating profit percentage |  | 13.06% |  | 18.76% |  |

Liquidity ratio |  | 2.25 |  | 2.33 |  |

All of the above ratios are defined in UK Generally Accepted Accounting Practice.

| Facilities & Corporate Solutions Limited (Registered number: 03184432) |

Strategic Report

for the year ended 30 June 2025

FINANCIAL RISK MANAGEMENT

The company has exposure to two main areas of risk - customer credit exposure and liquidity risk.

Customer credit exposure

Credit terms may be offered to its customers who allow payment of the debt after delivery of the goods or service. The company is at risk to the extent that a customer may be unable to pay the debt on a specific due date. This risk is mitigated by the strong on-going customer relationships and by credit insurance.

Liquidity risk

The objective of the company in managing liquidity risk is to ensure that it can meet its financial obligations as and when they fall due. The company expects to meet its financial obligations through operating cash flows. In the event that the operating cash flows would not cover all the financial obligations the company has credit facilities available. Given the cash reserves held by the company, the company is in a position to meet its commitments and obligations as they become due.

ON BEHALF OF THE BOARD:

Mr S Beeching - Director

21 November 2025

| Facilities & Corporate Solutions Limited (Registered number: 03184432) |

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 £7.03 (2024: £23.75) per share was paid during the year.

The total distribution of dividends for the year ended 30th June 2025 will be £1,300,000 (2024: £4,394,156).

DIRECTORS

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

Mr S Beeching

Mr L Mcdonald

DISCLOSURE IN THE STRATEGIC REPORT

Principle activities, events occurring after the year end, likely future developments, research and development activities and an assessment of financial risk management exposures are disclosed within the strategic report (as defined by section 414 C (11) of the Companies Act 2006).

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.

| Facilities & Corporate Solutions Limited (Registered number: 03184432) |

Report of the Directors

for the year ended 30 June 2025

AUDITORS

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

ON BEHALF OF THE BOARD:

Mr S Beeching - Director

21 November 2025

Report of the Independent Auditors to the Members of

Facilities & Corporate Solutions Limited

Opinion

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

In our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 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

Facilities & Corporate Solutions 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 six, 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

Facilities & Corporate Solutions 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.

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:

- |  | We obtained an understanding of the legal and regulatory framework applicable to the company and the sector in which they operate. We determined that the following laws and regulations were most significant: the Data Protection Act 2018, Companies Act 2006, UK Generally Accepted Accounting Practice and UK corporate taxation laws. |

- |  | We obtained an understanding of how the company is complying with those legal and regulatory frameworks by making inquiries to the management and by observing the oversight of management, the culture of honesty and ethical behaviour and whether strong emphasis is placed on fraud prevention, which may reduce the opportunities for fraud to take place, and fraud deterrence, which could persuade individuals not to commit fraud in the first instance . We corroborated our inquiries through our review of all relevant available audit information. |

- |  | We assessed and understood the susceptibility of the company's financial statements to material misstatement, including how fraud might occur. Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. The audit procedures performed by the engagement team included: |

| > |  | Identifying and assessing the design and effectiveness of controls management has in place to prevent and detect fraud; |

| > |  | Understanding of how senior management considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process; |

| > |  | Challenging assumptions and judgements made by management in its significant accounting estimates; |

| > |  | Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias; and, |

| > |  |

Assessing the extent of compliance with relevant 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

Facilities & Corporate Solutions 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.

Adam Billingham BA (Hons) FCA BFP (Senior Statutory Auditor)

for and on behalf of Clifford Roberts

Chartered Accountants &

Statutory Auditors

Pacioli House

9 Brookfield

Duncan Close

Northampton

Northamptonshire

NN3 6WL

21 November 2025

| Facilities & Corporate Solutions Limited (Registered number: 03184432) |

Statement of Comprehensive

Income

for the year ended 30 June 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

TURNOVER | 3 | 18,830,488 |  | 17,147,125 |  |

Cost of sales | 13,482,511 |  | 11,586,328 |  |

GROSS PROFIT | 5,347,977 |  | 5,560,797 |  |

Distribution costs | 379,923 |  | 246,544 |  |

Administrative expenses | 2,508,381 |  | 2,097,992 |  |

|  |  | 2,888,304 |  |  |  |  | 2,344,536 |  |

2,459,673 |  | 3,216,261 |  |

Other operating income | 523 |  | - |  |

OPERATING PROFIT | 6 | 2,460,196 |  | 3,216,261 |  |

Interest receivable and similar income | 91,632 |  | 67,134 |  |

2,551,828 |  | 3,283,395 |  |

Interest payable and similar expenses | 7 | 22,039 |  | 14,803 |  |

PROFIT BEFORE TAXATION | 2,529,789 |  | 3,268,592 |  |

Tax on profit | 8 | 639,794 |  | 827,219 |  |

PROFIT FOR THE FINANCIAL YEAR | 1,889,995 |  | 2,441,373 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,889,995 |  | 2,441,373 |  |

| Facilities & Corporate Solutions Limited (Registered number: 03184432) |

Balance Sheet

30 June 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 10 | 49,436 |  | 73,853 |  |

Tangible assets | 11 | 896,020 |  | 1,478,066 |  |

Investments | 12 | 55,737 |  | 5,380 |  |

1,001,193 |  | 1,557,299 |  |

CURRENT ASSETS

Stocks | 13 | 130,374 |  | 130,758 |  |

Debtors | 14 | 4,223,271 |  | 3,368,174 |  |

Cash at bank | 5,378,916 |  | 4,459,325 |  |

9,732,561 |  | 7,958,257 |  |

CREDITORS

Amounts falling due within one year | 15 | 4,334,302 |  | 3,412,868 |  |

NET CURRENT ASSETS | 5,398,259 |  | 4,545,389 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 6,399,452 |  | 6,102,688 |  |

CREDITORS

Amounts falling due after more than one year | 16 | (91,074 | ) | (252,660 | ) |

PROVISIONS FOR LIABILITIES | 20 | (165,422 | ) | (297,067 | ) |

NET ASSETS | 6,142,956 |  | 5,552,961 |  |

CAPITAL AND RESERVES

Called up share capital | 21 | 185,925 |  | 185,925 |  |

Capital redemption reserve | 22 | 15,475 |  | 15,475 |  |

Fair value reserve | 22 | 523 |  | - |  |

Retained earnings | 22 | 5,941,033 |  | 5,351,561 |  |

SHAREHOLDERS' FUNDS | 6,142,956 |  | 5,552,961 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2025 and were signed on its behalf by:

Mr S Beeching - Director

Mr L Mcdonald - Director

| Facilities & Corporate Solutions Limited (Registered number: 03184432) |

Statement of Changes in Equity

for the year ended 30 June 2025

| Called up |  | Capital |  | Fair |

| share |  | Retained |  | redemption |  | value |  | Total

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

£ | £ | £ | £ | £ |

Balance at 1 July 2023 | 185,925 |  | 7,304,344 |  | 15,475 |  | - |  | 7,505,744 |  |

Changes in equity

Profit for the year | - |  | 2,441,373 |  | - |  | - |  | 2,441,373 |  |

Total comprehensive income | - |  | 2,441,373 |  | - |  | - |  | 2,441,373 |  |

Dividends | - |  | (4,394,156 | ) | - |  | - |  | (4,394,156 | ) |

Balance at 30 June 2024 | 185,925 |  | 5,351,561 |  | 15,475 |  | - |  | 5,552,961 |  |

Changes in equity

Profit for the year | - |  | 1,889,995 |  | - |  | - |  | 1,889,995 |  |

Total comprehensive income | - |  | 1,889,995 |  | - |  | - |  | 1,889,995 |  |

Dividends | - |  | (1,300,000 | ) | - |  | - |  | (1,300,000 | ) |

Fair value movement | - |  | (523 | ) | - |  | 523 |  | - |  |

Balance at 30 June 2025 | 185,925 |  | 5,941,033 |  | 15,475 |  | 523 |  | 6,142,956 |  |

| Facilities & Corporate Solutions Limited (Registered number: 03184432) |

Notes to the Financial Statements

for the year ended 30 June 2025

1. | PRINCIPLE PLACE OF BUSINESS

| Facilities & Corporate Solutions Limited is a private company, limited by shares, incorporated and domiciled in England and has its registered office and principle place of business at Wood Lane, Erdington, Birmingham, B24 9QL.The company's registered number and registered office address can be found on the company information page.

| Facilities & Corporate Solutions Limited has a second place of business, Unit 10, Lows Lane, Langham Park, Stanton by Dale, Derbyshire, DE7 4RJ.

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.

| The financial statements are presented in Sterling (£), and are prepared to 30th June each year.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

| • | the requirements of Section 7 Statement of Cash Flows;

| • | the requirement of paragraph 3.17(d);

| • | the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

| • | the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;

| • | the requirement of paragraph 33.7.

| Preparation of consolidated financial statements

| The financial statements contain information about Facilities & Corporate Solutions Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its material subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, FCS Corporation Limited.

| FCS Corporation Limited shares the same registered office as Facilities & Corporate Solutions Limited.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Significant judgements and estimates

| Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include:

| (a) The determination of the useful life of assets

| In determining the the useful life of assets, management estimate both the residual value and useful economic lives of assets. Both judgements rely on the experience of management.

| (b) Accruals

| In determining some of the accrual provisions, management have applied judgement and estimation which could be significant to the financial statements. Management have utilised all available information and their knowledge to determine judgements and estimations applied.

| Facilities & Corporate Solutions Limited (Registered number: 03184432) |

Notes to the Financial Statements - continued

for the year ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| Intangible assets

| Intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses. Amortisation is charged so as to allocate the cost of intangibles less their residual values over their estimated useful lives, using the straight-line method. The goodwill is amortised over the 10 years of its useful economic life.

| If there is an indication that there has been a significant change in amortisation rate or residual value of an asset, the amortisation of that asset is revised prospectively to reflect the new expectations.

| If the net fair value of the identifiable assets and liabilities acquired exceeds the cost of a business combination, the excess up to the fair value of non-monetary assets acquired is recognised in profit or loss in the periods in which the non-monetary assets are recovered. Any excess exceeding the fair value of non-monetary assets acquired is recognised in profit or loss in the periods expected to be benefitted.

| Tangible fixed assets

| Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows;

| Improvements to leasehold property |  | - |  | straight line over 15 years |  |

| Plant and machinery |  | - |  | between 2 and 5 years straight line, 15% reducing balance |  |

| Fixtures, fittings and equipment |  | - |  | straight line over 5 years or 15% reducing balance |  |

| Motor vehicles |  | - |  | straight line over 3 years or 25% reducing balance |  |

| Computer equipment |  | - |  | between 1 and 4 years straight line |  |

| Impairment of assets

| At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

| If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

| Investments in subsidiaries and associates

| Investments in subsidiary and associate 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.

| Facilities & Corporate Solutions Limited (Registered number: 03184432) |

Notes to the Financial Statements - continued

for the year ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans and balances to and from related parties.

| Debt instruments (other than those wholly repayable or receivable in one year), including loans and other accounts receivable and payable, are initially measured at the present value of future cash flows and subsequently at amortised cost using the effective interest rate method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received.

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

| Taxation

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

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

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

| Taxation

| 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.

| Foreign currencies

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

| 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.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Facilities & Corporate Solutions Limited (Registered number: 03184432) |

Notes to the Financial Statements - continued

for the year ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| 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 for liabilities

| Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made on the amount of the obligation.

| The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

| Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

| The company recognises a provision for annual leave accrued by employees as a result of services rendered in the current period. The provision is measured as the salary cost payable for the expected annual leave utilization to date, less the actual utilization as at the year end.

| Investments

| Investments comprise of unquoted shares in subsidiaries at cost less impairment and quoted shares held at fair value. Impairment losses are recognised immediately in the statement of income. Changes in fair value are recognised in profit or loss. Investments in shares (other than shares of a subsidiary, associate or joint venture) are required to be carried at fair value through profit or loss, provided that they are publicly traded, or fair value can be measured reliably, for example by using a valuation technique. Where fair value cannot be measured reliably, then the investment is carried at cost less impairment.

| Investment income

| Income from investments is included in the statement of comprehensive income in the accounting period in which it is received.

3. | TURNOVER

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

| Sale of goods

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

| Rendering of services

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

| Facilities & Corporate Solutions Limited (Registered number: 03184432) |

Notes to the Financial Statements - continued

for the year ended 30 June 2025

4. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 2,383,043 |  | 1,847,803 |  |

| Social security costs | 275,716 |  | 184,151 |  |

| Other pension costs | 58,162 |  | 56,636 |  |

2,716,921 |  | 2,088,590 |  |

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

| 2025 |  | 2024

| Administration | 9 |  | 8 |  |

| Sales | 5 |  | 5 |  |

| Production | 44 |  | 44 |  |

58 |  | 57 |  |

5. | DIRECTORS' EMOLUMENTS

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 472,726 |  | 254,891 |  |

| Directors' pension contributions to money purchase schemes | 25,129 |  | 25,466 |  |

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

| Money purchase schemes | 2 |  | 2 |  |

| Information regarding the highest paid director is as follows:

| 2025 |  | 2024

£ | £ |

| Emoluments etc | 273,540 |  | 149,269 |  |

| Pension contributions to money purchase schemes | 23,808 |  | 23,808 |  |

6. | OPERATING PROFIT

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

| 2025 |  | 2024

£ | £ |

| Other operating leases | 342,000 |  | 342,000 |  |

| Depreciation - owned assets | 470,683 |  | 305,399 |  |

| Depreciation - assets on hire purchase contracts | 111,363 |  | 274,191 |  |

| Profit on disposal of fixed assets | (14,207 | ) | (18,274 | ) |

| Goodwill amortisation | 24,417 |  | 24,417 |  |

| Auditors' remuneration | 9,435 |  | 9,100 |  |

7. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Hire purchase | 22,039 |  | 14,803 |  |

| Facilities & Corporate Solutions Limited (Registered number: 03184432) |

Notes to the Financial Statements - continued

for the year ended 30 June 2025

8. | 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 | 771,439 |  | 769,324 |  |

| Deferred tax | (131,645 | ) | 57,895 |  |

| Tax on profit | 639,794 |  | 827,219 |  |

| Reconciliation of total tax charge included in profit and loss

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

| 2025 |  | 2024

£ | £ |

| Profit before tax | 2,529,789 |  | 3,268,592 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 632,447 |  | 817,148 |  |

| Effects of:

| Expenses not deductible for tax purposes | 936 |  | 2,289 |  |

| Income not taxable for tax purposes | (3,724 | ) | (5,018 | ) |

| Capital allowances in excess of depreciation | - |  | (45,095 | ) |

| Depreciation in excess of capital allowances | 141,691 |  | - |  |

| Fair value movements on investments. | 89 |  | - |  |

| respect of a change in tax |

| Deferred tax timing differences | (131,645 | ) | 57,895 |  |

| Total tax charge | 639,794 |  | 827,219 |  |

9. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary shares of £1 each

| Interim | 1,300,000 |  | 4,394,156 |  |

| Facilities & Corporate Solutions Limited (Registered number: 03184432) |

Notes to the Financial Statements - continued

for the year ended 30 June 2025

10. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 324,036 |  |

| AMORTISATION

| At 1 July 2024 | 250,183 |  |

| Amortisation for year | 24,417 |  |

| At 30 June 2025 | 274,600 |  |

| NET BOOK VALUE

| At 30 June 2025 | 49,436 |  |

| At 30 June 2024 | 73,853 |  |

11. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures

| to |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 July 2024 | 610,240 |  | 8,294,869 |  | 227,003 |  |

| Disposals | - |  | - |  | - |  |

| At 30 June 2025 | 610,240 |  | 8,294,869 |  | 227,003 |  |

| DEPRECIATION

| At 1 July 2024 | 460,356 |  | 7,141,691 |  | 200,855 |  |

| Charge for year | 17,551 |  | 479,376 |  | 6,824 |  |

| Eliminated on disposal | - |  | - |  | - |  |

| At 30 June 2025 | 477,907 |  | 7,621,067 |  | 207,679 |  |

| NET BOOK VALUE

| At 30 June 2025 | 132,333 |  | 673,802 |  | 19,324 |  |

| At 30 June 2024 | 149,884 |  | 1,153,178 |  | 26,148 |  |

| Facilities & Corporate Solutions Limited (Registered number: 03184432) |

Notes to the Financial Statements - continued

for the year ended 30 June 2025

11. | TANGIBLE FIXED ASSETS - continued

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 July 2024 | 380,398 |  | 685,086 |  | 10,197,596 |  |

| Disposals | (86,940 | ) | - |  | (86,940 | ) |

| At 30 June 2025 | 293,458 |  | 685,086 |  | 10,110,656 |  |

| DEPRECIATION

| At 1 July 2024 | 255,720 |  | 660,908 |  | 8,719,530 |  |

| Charge for year | 65,194 |  | 13,101 |  | 582,046 |  |

| Eliminated on disposal | (86,940 | ) | - |  | (86,940 | ) |

| At 30 June 2025 | 233,974 |  | 674,009 |  | 9,214,636 |  |

| NET BOOK VALUE

| At 30 June 2025 | 59,484 |  | 11,077 |  | 896,020 |  |

| At 30 June 2024 | 124,678 |  | 24,178 |  | 1,478,066 |  |

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

| Plant and

| machinery

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 556,813 |  |

| DEPRECIATION

| At 1 July 2024 | 79,810 |  |

| Charge for year | 111,363 |  |

| At 30 June 2025 | 191,173 |  |

| NET BOOK VALUE

| At 30 June 2025 | 365,640 |  |

| At 30 June 2024 | 477,003 |  |

| Facilities & Corporate Solutions Limited (Registered number: 03184432) |

Notes to the Financial Statements - continued

for the year ended 30 June 2025

12. | FIXED ASSET INVESTMENTS

| Shares in |  | Interest |

| group |  | in |  | Listed |

| undertakings |  | associate |  | investments |  | Totals

£ | £ | £ | £ |

| COST

| At 1 July 2024 | 5,100 |  | 280 |  | - |  | 5,380 |  |

| Additions | - |  | - |  | 56,892 |  | 56,892 |  |

| Disposals | - |  | - |  | (7,004 | ) | (7,004 | ) |

| Reclassification/transfer | - |  | - |  | 469 |  | 469 |  |

| At 30 June 2025 | 5,100 |  | 280 |  | 50,357 |  | 55,737 |  |

| NET BOOK VALUE

| At 30 June 2025 | 5,100 |  | 280 |  | 50,357 |  | 55,737 |  |

| At 30 June 2024 | 5,100 |  | 280 |  | - |  | 5,380 |  |

| If listed investments had not been revalued they would be carried at original cost of £49,888.

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

| Perspektiv Limited

| Registered office: FCS Laser Mail Wood Lane, Erdington, Birmingham, West Midlands, B24 9QL

| Nature of business: Print management

| %

| Class of shares: | holding |

| Ordinary Shares | 100.00 |

2025 | 2024 |

£ | £ |

| Aggregate capital and reserves | 4,975 |  | 4,975 |  |

| Secure Mailing Limited

| Registered office: FCS Laser Mail, Wood Lane, Erdington, Birmingham, England, B24 9QL

| Nature of business: Print management

| %

| Class of shares: | holding |

| Ordinary Shares | 100.00 |

2025 | 2024 |

£ | £ |

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

| FCS Software Solutions Limited

| Registered office: FCS Lasermail Wood Lane, Erdington, Birmingham, England, B24 9QL

| Nature of business: Business and domestic software development

| %

| Class of shares: | holding |

| Ordinary Shares | 28.00 |

2025 | 2024 |

£ | £ |

| Aggregate capital and reserves | (647,499 | ) | (244,428 | ) |

| (Loss)/profit for the year | (403,071 | ) | 91,273 |  |

| All of the above entities share the same registered office, are incorporated in the United Kingdom and operate principally therein.

| Facilities & Corporate Solutions Limited (Registered number: 03184432) |

Notes to the Financial Statements - continued

for the year ended 30 June 2025

13. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 130,374 |  | 130,758 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 3,405,930 |  | 2,605,465 |  |

| Amounts owed by associates | 375,777 |  | 375,777 |  |

| Directors' current accounts | 135,000 |  | - |  |

| Tax | 45,563 |  | - |  |

| Prepayments | 261,001 |  | 386,932 |  |

4,223,271 |  | 3,368,174 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 17) | 636,993 |  | - |  |

| Hire purchase contracts (see note 18) | 148,259 |  | 137,888 |  |

| Trade creditors | 1,462,575 |  | 1,687,304 |  |

| Amounts owed to group undertakings | 5,075 |  | 5,075 |  |

| Tax | 330,501 |  | 379,324 |  |

| Social security and other taxes | 59,235 |  | 46,876 |  |

| VAT | 761,613 |  | 560,522 |  |

| Other creditors | 15,036 |  | 34,117 |  |

| Wages and salaries control | - |  | 13,149 |  |

| Accruals | 915,015 |  | 548,613 |  |

4,334,302 |  | 3,412,868 |  |

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 18) | 91,074 |  | 252,660 |  |

17. | LOANS

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

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank overdrafts | 636,993 |  | - |  |

| Facilities & Corporate Solutions Limited (Registered number: 03184432) |

Notes to the Financial Statements - continued

for the year ended 30 June 2025

18. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 148,259 |  | 137,888 |  |

| Between one and five years | 91,074 |  | 252,660 |  |

239,333 |  | 390,548 |  |

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 378,850 |  | 342,000 |  |

| Between one and five years | 1,167,650 |  | 1,344,000 |  |

| In more than five years | - |  | 112,500 |  |

1,546,500 |  | 1,798,500 |  |

| During the period non-cancellable operating lease payments of £375,304 have been recognised as an expense.

19. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank overdraft | 636,993 |  | - |  |

| Hire purchase contracts | 239,333 |  | 390,548 |  |

876,326 |  | 390,548 |  |

| A charge, in favour of Mr. K. Williams, as the security trustee for the secured parties, was raised on 17th August 2023. The charge contains a negative pledge, floating charges and fixed charges over all freehold property, leasehold property or undertaking of the company.

20. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 165,422 |  | 297,067 |  |

| Deferred |

| tax |

£ |

| Balance at 1 July 2024 | 297,067 |  |

| Provided during year | (131,645 | ) |

| Balance at 30 June 2025 | 165,422 |  |

| Facilities & Corporate Solutions Limited (Registered number: 03184432) |

Notes to the Financial Statements - continued

for the year ended 30 June 2025

21. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 185,000 | Ordinary | £1 | 185,000 |  | 185,000 |  |

| 925 | Ordinary B | £1 | 925 |  | 925 |  |

185,925 |  | 185,925 |  |

| Called up share capital

| This represents the nominal value of the shares that have been issued.

22. | RESERVES

| Capital |  | Fair |

| Retained |  | redemption |  | value |

| earnings |  | reserve |  | reserve |  | Totals

£ | £ | £ | £ |

| At 1 July 2024 | 5,351,561 |  | 15,475 |  | - |  | 5,367,036 |  |

| Profit for the year | 1,889,995 |  | - |  | - |  | 1,889,995 |  |

| Dividends | (1,300,000 | ) | - |  | - |  | (1,300,000 | ) |

| Fair value movement | (523 | ) | - |  | 523 |  | - |  |

| At 30 June 2025 | 5,941,033 |  | 15,475 |  | 523 |  | 5,957,031 |  |

| Retained earnings

| This reserve includes all current and prior period retained profit and losses.

| Capital redemption reserve

| This reserve relates to the company's own shares which have been redeemed. The capital redemption reserve is a non-distributable reserve and represents paid up share capital.

| Fair value reserve

| This reserves relates to the movement in the value of assets that are held at market value.

23. | ULTIMATE PARENT COMPANY

| The directors consider that the ultimate parent company is FCS Corporation Limited, which owns 100% of the issued ordinary share capital. FCS Corporation Limited is a company registered in England that shares the same registered office as Facilities & Corporate Solutions Limited.

| FCS Corporation Limited's consolidated financial statements are available at Companies House.

24. | CONTINGENT LIABILITIES

| As at both 30 June, 2025 and 30 June, 2024, there were no contingent liabilities.

25. | CAPITAL COMMITMENTS

| As at both 30 June, 2025 and 30 June, 2024, there were no capital commitments.

26. | RELATED PARTY DISCLOSURES

| Facilities & Corporate Solutions Limited (Registered number: 03184432) |

Notes to the Financial Statements - continued

for the year ended 30 June 2025

26. | RELATED PARTY DISCLOSURES - continued

| Entities over which the entity has control, joint control or significant influence

2025 | 2024 |

£ | £ |

| Amount due from related party | 375,777 |  | 375,777 |  |

| Amount due to related party | 5,075 |  | 5,075 |  |

| Key management personnel of the entity or its parent (in the aggregate)

2025 | 2024 |

£ | £ |

| Amount due from related party | 135,000 |  | - |  |

| Other related parties

2025 | 2024 |

£ | £ |

| Rent and service charges | 424,332 |  | 343,433 |  |

| Amount due to related party | 640 |  | 21,600 |  |