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REGISTERED NUMBER: 15150395 (England and Wales)

| CAMPEYS GROUP LIMITED |

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND |

| CONSOLIDATED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 OCTOBER 2025 |

CAMPEYS GROUP LIMITED (REGISTERED NUMBER: 15150395)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

| Page |

Company Information | 1 |

Group Strategic Report | 2 |  | to |  | 3

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

Report of the Independent Auditors | 6 |  | to |  | 9

Consolidated Statement of Income and Retained Earnings | 10 |

Consolidated Balance Sheet | 11 |

Company Balance Sheet | 12 |

Consolidated Cash Flow Statement | 13 |

Notes to the Consolidated Cash Flow Statement | 14 |  | to |  | 15

Notes to the Consolidated Financial Statements | 16 |  | to |  | 31

CAMPEYS GROUP LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 OCTOBER 2025

| DIRECTORS: | Mr P D Campey

| Mrs E A Campey

| REGISTERED OFFICE: | Southlands

| Leeds Road

| Selby

| North Yorkshire

| YO8 9PZ

| REGISTERED NUMBER: | 15150395 (England and Wales)

| AUDITORS: | UHY Calvert Smith LLP

| Statutory Auditor

| Chartered Accountants

| Heritage House

| Murton Way

| Osbaldwick

| York

| North Yorkshire

| YO19 5UW

CAMPEYS GROUP LIMITED (REGISTERED NUMBER: 15150395)

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 OCTOBER 2025

The directors present their strategic report of the company and the group for the year ended 31 October 2025.

Review of Business

The results contained in these financial statements reflect the success of the strategy adopted by the leadership team.

Despite the haulage market continuing to face many challenges, including cut backs in government spending affecting certain markets, driver shortages and fluctuating fuel price changes during the year, the management have been successful by increasing the turnover by over £1 million which equates to an increase of 4.9%.

Continuing with the strength generated by organisational changes, including the ongoing investment, this has led to greater control and flexibility of the services offered to the widening customer base.

Advancements in the strength of the group's operating and management systems have assisted with the planned controlled growth and success of the business.

The group has again enjoyed the benefits of its reinvestment in significant assets and customers to build on its unique transport network, strengthening its customer base and continuing to focus its priorities on the key strategies of:

· Controlling overheads and head office costs.

· Optimising and maintaining warehouse utilisation levels, and

· Concentrating on maximising efficiencies and improving profitability in the transport network through alteration of the customer base, which ensures both customers and industry sectors remain profitable throughout the diverse network.

Significant and key investment in the year has specifically been undertaken on both refrigerated units and on our storage facilities. These have been considered essential in order to provide the highest quality service to our increasing customer base in these areas. Such work has also led to our expanding team of drivers that now cover demand for 7 days a week, 365 days a year. We continue to aim to service all of our valued customers whenever the demand is required emphasising our commitment to maintaining our unrivalled customer service.

As highlighted in the principal risks and uncertainties section of the Strategic Report, the challenging market conditions continue to impact the business, however the directors are satisfied that the company continue to provide its customers with a market leading service through its ability to adapt to change. The company is well funded and financially robust, so the directors are confident the business is well placed to meet the challenges of the on-going economic climate and market conditions

Financial KPIs

The group's key financial and other performance indicators during the year were as follows:

| 2025 |  | 2024 |

Turnover |  | £25,635,110 |  | £24,429,532 |

Gross profit as a % of turnover |  | 12% |  | 8% |

Operating profit as a % of turnover |  | 4% |  | 4% |

Current assets over current liabilities |  | 1.1:1 |  | 1.2:1 |

Whilst we are mindful of the constant challenges facing the haulage industry, we are confident that our unique operating model provides us with the flexibility to respond rapidly to changing market conditions.

CAMPEYS GROUP LIMITED (REGISTERED NUMBER: 15150395)

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 OCTOBER 2025

Our constant reinvestment into new assets has enabled the group to operate in new and varying markets that would otherwise have not been serviceable. We are proud of the varying services that we can offer.

We continue to follow central Government guidance and advice and manage our operations in the safest possible way, prioritising the health and safety of our people and those of our customers.

We have found it necessary to make a key decision with regards to the impact of inflation over recent years. Due to the recent increases in the Consumer Price Index (CPI) over the past few years and during this year, the company has increased its focus on managing its costs in order to effectively ensure the impact on its customer base was mitigated wherever possible. All significant costs, for example energy, have been reviewed and appropriate strategies have been adopted to minimise the impact on the group's costs.

PRINCIPAL RISKS AND UNCERTAINTIES

The group continues to face risks which, although emphasised by the media, have become typical for the haulage industry. These are predominantly the supply of drivers with the necessary qualifications and safety record to continue with the excellent service offered by the group. The group has continued to employ a full workforce which has expanded in line with the additions to its fleet. The ongoing fluctuation in fuel prices and overheads, in part due to the effects of the conflict between Ukraine and Russia as well as the adverse effects of inflation, has been a further industry variant that the group has had to manage in order to offer a cost-effective service to its expanding customer base.

Our profits generated in 2025 have been significantly reinvested into the fleet as we endeavour to continue to offer the best service possible to our existing and future customer base. We continue to adopt a greener investment strategy where significant assets are now not fossil fuel based. We have progressed with greater utilisation of gas fuelled vehicles and electric vehicles in our fleet as we become more aware of our commitment to be green.

ON BEHALF OF THE BOARD:

Mr P D Campey - Director

24 March 2026

CAMPEYS GROUP LIMITED (REGISTERED NUMBER: 15150395)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 OCTOBER 2025

The directors present their report with the financial statements of the company and the group for the year ended 31 October 2025.

PRINCIPAL ACTIVITY

The principal activity of the group is haulage.

DIVIDENDS

The total distribution of dividends for the year ended 31 October 2025 will be £ 36,000 .

The directors recommended and paid dividends on ordinary shares in the year of £36,000 (2024 - £36,000).

DIRECTORS

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

Mr P D Campey

Mrs E A Campey

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

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

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

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

CAMPEYS GROUP LIMITED (REGISTERED NUMBER: 15150395)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 OCTOBER 2025

AUDITORS

The auditors, UHY Calvert Smith LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr P D Campey - Director

24 March 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

CAMPEYS GROUP LIMITED

Opinion

We have audited the financial statements of Campeys Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 October 2025 which comprise the Consolidated Statement of Income and Retained Earnings, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Cash Flow Statement and Notes to the Consolidated 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 group's and of the parent company affairs as at 31 October 2025 and of the group's profit for the year then ended;

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

CAMPEYS GROUP LIMITED

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

CAMPEYS GROUP 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 identified the laws and regulations applicable to the company through discussions with directors and from our commercial knowledge and experience of the sector; and

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

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

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

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

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

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

- tested journal entries to identify unusual transactions;

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

- investigated the rationale behind significant or unusual transactions.

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

- agreeing financial statement disclosures to underlying supporting documentation; and

- enquiring of management as to actual and potential litigation and claims.

Because of 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.

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

CAMPEYS GROUP 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.

Harry Howley FCA MAAT (Senior Statutory Auditor)

for and on behalf of UHY Calvert Smith LLP

Statutory Auditor

Chartered Accountants

Heritage House

Murton Way

Osbaldwick

York

North Yorkshire

YO19 5UW

24 March 2026

CAMPEYS GROUP LIMITED (REGISTERED NUMBER: 15150395)

CONSOLIDATED STATEMENT OF INCOME AND RETAINED EARNINGS

FOR THE YEAR ENDED 31 OCTOBER 2025

| 2025 |  | 2024

| as restated |

| Notes | £ | £ |

TURNOVER | 4 | 25,635,110 |  | 24,429,532 |  |

Cost of sales | 22,578,248 |  | 22,379,240 |  |

GROSS PROFIT | 3,056,862 |  | 2,050,292 |  |

Administrative expenses | 2,188,621 |  | 1,235,986 |  |

868,241 |  | 814,306 |  |

Other operating income | 5 | 145,752 |  | 123,869 |  |

OPERATING PROFIT | 1,013,993 |  | 938,175 |  |

Interest receivable and similar income | 7 | 26,540 |  | 24,024 |  |

1,040,533 |  | 962,199 |  |

Interest payable and similar expenses | 8 | 411,893 |  | 414,301 |  |

PROFIT BEFORE TAXATION | 9 | 628,640 |  | 547,898 |  |

Tax on profit | 10 | 229,112 |  | 140,105 |  |

PROFIT FOR THE FINANCIAL YEAR | 399,528 |  | 407,793 |  |

Retained earnings at beginning of year | 5,782,941 |  | 5,411,148 |  |

Dividends | 12 | (36,000 | ) | (36,000 | ) |

RETAINED EARNINGS FOR THE GROUP AT END OF YEAR | 6,146,469 |  | 5,782,941 |  |

Profit attributable to:

Owners of the parent | 399,528 |  | 407,793 |  |

CAMPEYS GROUP LIMITED (REGISTERED NUMBER: 15150395)

CONSOLIDATED BALANCE SHEET

31 OCTOBER 2025

| 2025 | 2024 |

| as restated |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 14 | 10,596,647 |  | 10,041,652 |  |

Investments | 15 | - |  | - |  |

Investment property | 16 | 473,374 |  | 473,374 |  |

11,070,021 |  | 10,515,026 |  |

CURRENT ASSETS

Stocks | 17 | 66,160 |  | 60,350 |  |

Debtors | 18 | 5,531,833 |  | 5,594,505 |  |

Cash at bank | 229,028 |  | 369,586 |  |

5,827,021 |  | 6,024,441 |  |

CREDITORS

Amounts falling due within one year | 19 | 5,311,087 |  | 4,904,837 |  |

NET CURRENT ASSETS | 515,934 |  | 1,119,604 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 11,585,955 |  | 11,634,630 |  |

CREDITORS

Amounts falling due after more than one year | 20 | (3,907,391 | ) | (4,548,706 | ) |

PROVISIONS FOR LIABILITIES | 24 | (1,531,995 | ) | (1,302,883 | ) |

NET ASSETS | 6,146,569 |  | 5,783,041 |  |

CAPITAL AND RESERVES

Called up share capital | 25 | 100 |  | 100 |  |

Retained earnings | 26 | 6,146,469 |  | 5,782,941 |  |

SHAREHOLDERS' FUNDS | 6,146,569 |  | 5,783,041 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2026 and were signed on its behalf by:

Mr P D Campey - Director

CAMPEYS GROUP LIMITED (REGISTERED NUMBER: 15150395)

COMPANY BALANCE SHEET

31 OCTOBER 2025

| 2025 | 2024 |

| as restated |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 14 | - |  | - |  |

Investments | 15 | 20 |  | 20 |  |

Investment property | 16 | - |  | - |  |

20 |  | 20 |  |

CURRENT ASSETS

Debtors | 18 | 925,280 |  | 464,080 |  |

Cash at bank | 1,600 |  | - |  |

926,880 |  | 464,080 |  |

CREDITORS

Amounts falling due within one year | 19 | 2,000 |  | - |  |

NET CURRENT ASSETS | 924,880 |  | 464,080 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 924,900 |  | 464,100 |  |

CAPITAL AND RESERVES

Called up share capital | 25 | 100 |  | 100 |  |

Retained earnings | 26 | 924,800 |  | 464,000 |  |

SHAREHOLDERS' FUNDS | 924,900 |  | 464,100 |  |

Company's profit for the financial year | 496,800 |  | 500,000 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2026 and were signed on its behalf by:

Mr P D Campey - Director

CAMPEYS GROUP LIMITED (REGISTERED NUMBER: 15150395)

CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 OCTOBER 2025

| 2025 |  | 2024

| as restated |

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 4,467,886 |  | 3,943,185 |  |

Interest paid | (66,154 | ) | (67,491 | ) |

Tax paid | (120,244 | ) | (62,487 | ) |

Net cash from operating activities | 4,281,488 |  | 3,813,207 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (1,724,689 | ) | (820,116 | ) |

Sale of tangible fixed assets | 143,578 |  | 154,547 |  |

Interest received | 26,540 |  | 24,024 |  |

Net cash from investing activities | (1,554,571 | ) | (641,545 | ) |

Cash flows from financing activities

Capital repayments in year | (2,867,475 | ) | (2,869,086 | ) |

Net cash from financing activities | (2,867,475 | ) | (2,869,086 | ) |

(Decrease)/increase in cash and cash equivalents | (140,558 | ) | 302,576 |  |

Cash and cash equivalents at beginning of year | 2 | 369,586 |  | 67,010 |  |

Cash and cash equivalents at end of year | 2 | 229,028 |  | 369,586 |  |

CAMPEYS GROUP LIMITED (REGISTERED NUMBER: 15150395)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 OCTOBER 2025

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

| 2025 |  | 2024

| as restated |

£ | £ |

| Profit before taxation | 628,640 |  | 547,898 |  |

| Depreciation charges | 2,894,401 |  | 2,902,554 |  |

| Loss on disposal of fixed assets | 38,891 |  | 21,231 |  |

| Finance costs | 411,893 |  | 414,301 |  |

| Finance income | (26,540 | ) | (24,024 | ) |

3,947,285 |  | 3,861,960 |  |

| Increase in stocks | (5,810 | ) | (33,100 | ) |

| Decrease/(increase) in trade and other debtors | 182,916 |  | (869,503 | ) |

| Increase in trade and other creditors | 343,495 |  | 983,828 |  |

| Cash generated from operations | 4,467,886 |  | 3,943,185 |  |

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 31 October 2025

| 31.10.25 |  | 1.11.24

£ | £ |

| Cash and cash equivalents | 229,028 |  | 369,586 |  |

| Year ended 31 October 2024

| 31.10.24 |  | 1.11.23

| as restated |

£ | £ |

| Cash and cash equivalents | 369,586 |  | 67,010 |  |

CAMPEYS GROUP LIMITED (REGISTERED NUMBER: 15150395)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 OCTOBER 2025

3. | ANALYSIS OF CHANGES IN NET DEBT

| Other |

| non-cash |

| At 1.11.24 | Cash flow | changes | At 31.10.25

£ | £ | £ | £ |

| Net cash |

| Cash at bank | 369,586 |  | (140,558 | ) | 229,028 |  |

369,586 |  | (140,558 | ) | 229,028 |  |

| Debt

| Finance leases | (6,917,768 | ) | 2,521,736 |  | (1,907,176 | ) | (6,303,208 | ) |

| Debts falling due

| within 1 year | (861,086 | ) | 10,032 |  | - |  | (851,054 | ) |

(7,778,854 | ) | 2,531,768 |  | (1,907,176 | ) | (7,154,262 | ) |

| Total | (7,409,268 | ) | 2,391,210 |  | (1,907,176 | ) | (6,925,234 | ) |

CAMPEYS GROUP LIMITED (REGISTERED NUMBER: 15150395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1. | STATUTORY INFORMATION

| Campeys Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the General Information page.

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.

| Basis of consolidation

| The consolidated group financial statements consist of the financial statements of the parent company Campeys Group Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

| All financial statements are made up to 31 October 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.

| All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

| Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

| Turnover

| Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

| The company recognises revenue when; the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and, specific criteria have been met for each of the company's activities.

CAMPEYS GROUP LIMITED (REGISTERED NUMBER: 15150395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property |  | - Straight line over 15 years |  |

| Property improvements |  | - 7% straight line |  |

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

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

| Motor vehicles |  | - 25% on reducing balance |  |

| Computer equipment |  | - 25% on reducing balance |  |

| At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

| Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

| If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

| Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

| Investment property

| Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

| Stocks

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

CAMPEYS GROUP LIMITED (REGISTERED NUMBER: 15150395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Taxation

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

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

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

| 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.

| Pension costs and other post-retirement benefits

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

CAMPEYS GROUP LIMITED (REGISTERED NUMBER: 15150395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

| Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability

| Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

3. | CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

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

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

| Key sources of estimation uncertainty

| The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

| Useful economic lives of tangible fixed assets

| The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives of the assets. The useful economic lives are re-assessed annually for any indicators of material change.

| Valuation of investment property

| The carrying value of investment properties is reviewed at the end of each accounting period by the directors and adjusted, if necessary, in line with current fair values. The valuations have been undertaken in accordance with an appropriate methodology based on return of capital adjusted for regional variations in property values.

CAMPEYS GROUP LIMITED (REGISTERED NUMBER: 15150395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

4. | TURNOVER

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

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

| 2025 |  | 2024

| as restated |

£ | £ |

| Haulage | 24,699,036 |  | 24,188,042 |  |

| Storage | 936,074 |  | 241,490 |  |

25,635,110 |  | 24,429,532 |  |

| An analysis of turnover by geographical market is given below:

| 2025 |  | 2024

| as restated |

£ | £ |

| United Kingdom | 25,635,110 |  | 24,429,532 |  |

25,635,110 |  | 24,429,532 |  |

5. | OTHER OPERATING INCOME

| 2025 |  | 2024

| as restated |

£ | £ |

| Rents received | 60,000 |  | 60,000 |  |

| Parking income | 85,752 |  | 63,869 |  |

145,752 |  | 123,869 |  |

6. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

| as restated |

£ | £ |

| Wages and salaries | 8,097,943 |  | 7,345,726 |  |

| Social security costs | 949,231 |  | 746,372 |  |

| Other pension costs | 141,002 |  | 131,483 |  |

9,188,176 |  | 8,223,581 |  |

CAMPEYS GROUP LIMITED (REGISTERED NUMBER: 15150395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

6. | EMPLOYEES AND DIRECTORS - continued

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

| 2025 |  | 2024

| as restated |

| Directors | 4 |  | 4 |  |

| Haulage | 136 |  | 122 |  |

| Administration | 31 |  | 23 |  |

| Warehouse | 9 |  | 6 |  |

180 |  | 155 |  |

| 2025 |  | 2024

| as restated |

£ | £ |

| Directors' remuneration | 104,180 |  | 106,962 |  |

| Directors' pension contributions to money purchase schemes | 1,560 |  | 1,493 |  |

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

| Money purchase schemes | 2 |  | 2 |  |

7. | INTEREST RECEIVABLE AND SIMILAR INCOME |

| 2025 |  | 2024

| as restated |

£ | £ |

| Bank interest received | 8,861 |  | 11,085 |  |

| Other interest received | 17,679 |  | 12,939 |  |

26,540 |  | 24,024 |  |

8. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

| as restated |

£ | £ |

| Bank interest | 66,154 |  | 67,491 |  |

| Hire purchase interest payable | 345,739 |  | 346,810 |  |

411,893 |  | 414,301 |  |

CAMPEYS GROUP LIMITED (REGISTERED NUMBER: 15150395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

9. | PROFIT BEFORE TAXATION

| The profit is stated after charging:

| 2025 |  | 2024

| as restated |

£ | £ |

| Depreciation - owned assets | 2,894,401 |  | 2,902,554 |  |

| Loss on disposal of fixed assets | 38,891 |  | 21,231 |  |

| Auditor's remuneration | 12,000 |  | 9,900 |  |

| Operating lease charges | 519,852 |  | 309,912 |  |

10. | TAXATION

| Analysis of the tax charge

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

| 2025 |  | 2024

| as restated |

£ | £ |

| Deferred tax | 229,112 |  | 140,105 |  |

| Tax on profit | 229,112 |  | 140,105 |  |

| 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

| as restated |

£ | £ |

| Profit before tax | 628,640 |  | 547,898 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 157,160 |  | 136,975 |  |

| Effects of:

| Expenses not deductible for tax purposes | 72,079 |  | 1,439 |  |

| Depreciation in excess of capital allowances | 381 |  | 381 |  |

| Adjustments to tax charge in respect of previous periods | (1,308 | ) | 1,310 |  |

| Tax losses not recongised | 800 |  | - |  |

| Total tax charge | 229,112 |  | 140,105 |  |

CAMPEYS GROUP LIMITED (REGISTERED NUMBER: 15150395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

11. | INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

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

12. | DIVIDENDS

| 2025 |  | 2024

| as restated |

£ | £ |

| Interim | 36,000 |  | 36,000 |  |

13. | PRIOR YEAR ADJUSTMENT

| On 1 November 2023, the parent company acquired the entire share capital of Campeys of Selby Limited in a share for share exchange.

| In preparing the consolidated financial statements for the period ended 31 October 2024, the purchase method of accounting (previously known as acquisition accounting) was used. This resulted in negative goodwill of £5,411,148 and subsequent amortisation of monetary assets of £2,776,012, giving a total balance as at 31 October 2024 of £8,167,160 negative goodwill. As a result, the group reported net liabilities at 31 October 2024 of £2,404,119.

| As acquisition of the share capital of Campeys Of Selby Limited resulted in no change in the ultimate equity holders or the rights of those equity holders, merger accounting is permissible under FRS102 in respect of the acquisition. As such, the assets and liabilities of parties to the combination would not be required to be restated to fair value, the results and cash flows of combining entities would be brought into the accounts from the beginning of the financial year in which the combination occurred, and comparatives would be restated to combine the results of the combining entities for the previous period.

| Although an acceptable method under FRS102, the purchase method does not present a true and fair view of the group position. Comparative amounts have therefore been amended to adjust the financial statements to show the position if merger accounting had been used in the period of the acquisition. This results in the following adjustments:

| - Retained earnings at the start of the comparative period of £5,411,148 compared to £nil as previously stated

| - Reversal of addition of previously stated negative goodwill of £5,411,148

| - Reversal of goodwill amortisation charge for the period as previously stated of £2,776,012

| In addition, in previous periods, amounts due to the company from directors at the balance sheet date have been incorrectly disclosed as debit balances within creditors instead of debtors. This resulted in debtors and creditors being understated by £542,028. The cash flow statement has been adjusted for the resulting effects. Reserves of the company remain unchanged.

CAMPEYS GROUP LIMITED (REGISTERED NUMBER: 15150395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

| Comparative information in the financial statements has been adjusted as follows:

| Changes to the consolidated balance sheet |  |

|  | As previously reported |  | Adjustment at 01.11.23 |  | Adjustment at 31.10.24 |  | As restated at 31.10.24 |  |

|  | £ |  | £ |  | £ |  | £ |  |

| Fixed assets |  |

| Negative goodwill |  | (8,187,160 | ) | 5,411,148 |  | 2,776,012 |  | - |  |

| Other |  | 10,515,026 |  | - |  | - |  | 10,515,026 |  |

| Current assets |  |

| Directors' current account |  | - |  | - |  | 542,028 |  | 542,028 |  |

| Other |  | 5,482,413 |  | - |  | - |  | 5,482,413 |  |

| Creditors: amounts falling due within one year |  |  |

| Other creditors |  | 473,812 |  | - |  | (542,028 | ) | (68,216 | ) |

| Other |  | (4,836,621 | ) | - |  | - |  | (4,836,621 | ) |

| Creditors: amounts falling due after more than one year |  | (4,548,706 | ) | - |  | - |  | (4,548,706 | ) |

| Provisions |  | (1,302,883 | ) |  | (1,302,883 | ) |

| Net (liabilities) / assets |  | (2,404,119 | ) | 5,411,148 |  | 2,776,012 |  | 5,783,041 |  |

| Share capital |  | 100 |  | - |  | - |  | 100 |  |

| Retained earnings |  | (2,404,219 | ) | 5,411,148 |  | 2,776,012 |  | 5,782,941 |  |

| Capital and reserves |  | (2,404,119 | ) | 5,411,148 |  | 2,776,012 |  | 5,783,041 |  |

| Changes to the income statement |  |

|  | As previously reported |  | Adjustment at 01.11.23 |  | Adjustment at 31.10.24 |  | As restated at 31.10.24 |  |

|  | £ |  | £ |  | £ |  | £ |  |

| Gross profit |  | 2,050,292 |  | - |  | - |  | 2,050,292 |  |

| Administrative expenses |  |

| Goodwill |  | (2,776,012 | ) | - |  | 2,776,012 |  | - |  |

| Other |  | 1,235,986 |  | - |  | - |  | 1,235,986 |  |

| Operating profit (loss) |  | (1,837,837 | ) | - |  | 2,776,012 |  | 938,175 |  |

| Profit before taxation |  | (2,228,114 | ) | - |  | 2,776,012 |  | 547,898 |  |

| Profit for the financial year |  | (2,368,219 | ) | - |  | 2,776,012 |  | 407,793 |  |

| Retained earnings at beginning of year |  | - |  | 5,411,148 |  | - |  | 5,411,148 |  |

| Retained earnings for the group at end of period |  | (2,404,219 | ) | 5,411,148 |  | 2,776,012 |  | 5,782,941 |  |

CAMPEYS GROUP LIMITED (REGISTERED NUMBER: 15150395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

14. | TANGIBLE FIXED ASSETS

| Group

| Freehold |  | Property |  | Plant and

| property |  | improvements |  | machinery

£ | £ | £ |

| COST

| At 1 November 2024 | 18,057 |  | 335,152 |  | 604,468 |  |

| Additions | - |  | 108,484 |  | 206,139 |  |

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

| At 31 October 2025 | 18,057 |  | 443,636 |  | 810,607 |  |

| DEPRECIATION

| At 1 November 2024 | 376 |  | 189,934 |  | 168,863 |  |

| Charge for year | 1,204 |  | 6,252 |  | 140,482 |  |

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

| At 31 October 2025 | 1,580 |  | 196,186 |  | 309,345 |  |

| NET BOOK VALUE

| At 31 October 2025 | 16,477 |  | 247,450 |  | 501,262 |  |

| At 31 October 2024 | 17,681 |  | 145,218 |  | 435,605 |  |

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 November 2024 | 64,192 |  | 18,655,466 |  | 203,711 |  | 19,881,046 |  |

| Additions | - |  | 3,290,574 |  | 26,668 |  | 3,631,865 |  |

| Disposals | - |  | (746,860 | ) | - |  | (746,860 | ) |

| At 31 October 2025 | 64,192 |  | 21,199,180 |  | 230,379 |  | 22,766,051 |  |

| DEPRECIATION

| At 1 November 2024 | 52,401 |  | 9,333,232 |  | 94,588 |  | 9,839,394 |  |

| Charge for year | 2,952 |  | 2,715,975 |  | 27,536 |  | 2,894,401 |  |

| Eliminated on disposal | - |  | (564,391 | ) | - |  | (564,391 | ) |

| At 31 October 2025 | 55,353 |  | 11,484,816 |  | 122,124 |  | 12,169,404 |  |

| NET BOOK VALUE

| At 31 October 2025 | 8,839 |  | 9,714,364 |  | 108,255 |  | 10,596,647 |  |

| At 31 October 2024 | 11,791 |  | 9,322,234 |  | 109,123 |  | 10,041,652 |  |

CAMPEYS GROUP LIMITED (REGISTERED NUMBER: 15150395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

15. | FIXED ASSET INVESTMENTS

| Company

| Shares in

| group

| undertakings

£ |

| COST

| At 1 November 2024

| and 31 October 2025 | 20 |  |

| NET BOOK VALUE

| At 31 October 2025 | 20 |  |

| At 31 October 2024 | 20 |  |

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

| Subsidiary

| Campeys of Selby Limited

| Registered office: United Kingdom

| Nature of business: Haulage

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| 31/10/25 |  | 31/10/24

£ | £ |

| Aggregate capital and reserves | 5,221,690 |  | 5,318,961 |  |

| Profit for the year | 402,729 |  | 407,793 |  |

16. | INVESTMENT PROPERTY

| Group

| Total

£ |

| FAIR VALUE

| At 1 November 2024

| and 31 October 2025 | 473,374 |  |

| NET BOOK VALUE

| At 31 October 2025 | 473,374 |  |

| At 31 October 2024 | 473,374 |  |

CAMPEYS GROUP LIMITED (REGISTERED NUMBER: 15150395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

16. | INVESTMENT PROPERTY - continued

| Group

| Investment property comprises of property on Mill Lane, Brayton, Selby. The fair value of the investment property has been arrived at on the basis of cost price plus related fees regarding the purchase of the property. The directors have reviewed the valuation at year end and consider there is no material difference to fair value.

17. | STOCKS

| Group |

2025 | 2024 |

| as restated |

£ | £ |

| Stocks | 66,160 |  | 60,350 |  |

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

| as restated |  | as restated |

£ | £ | £ | £ |

| Trade debtors | 4,325,835 |  | 4,521,624 |  | - |  | - |  |

| Amounts owed by group undertakings | - |  | - |  | 925,280 |  | 464,080 |  |

| Other debtors | 86,667 |  | 145,167 |  | - |  | - |  |

| Directors' current account | 591,691 |  | 542,028 |  | - |  | - |  |

| Tax | 182,731 |  | 62,487 |  | - |  | - |  |

| Prepayments | 344,909 |  | 323,199 |  | - |  | - |  |

5,531,833 |  | 5,594,505 |  | 925,280 |  | 464,080 |  |

| The trade debtors balance includes £2,956,016 (2024 - £2,208,283) which is covered by an invoice discounting arrangement. These assets have not been derecognised from the balance sheet because the company remains ultimately responsible for any unpaid balances, so the directors consider significant risks to have been retained.

CAMPEYS GROUP LIMITED (REGISTERED NUMBER: 15150395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

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

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

| as restated |  | as restated |

£ | £ | £ | £ |

| Bank loans and overdrafts (see note 21) | 851,054 |  | 861,086 |  | - |  | - |  |

| Hire purchase contracts (see note 22) | 2,395,817 |  | 2,369,062 |  | - |  | - |  |

| Trade creditors | 863,114 |  | 898,331 |  | - |  | - |  |

| Social security and other taxes | 228,822 |  | 172,012 |  | - |  | - |  |

| VAT | 331,696 |  | 189,307 |  | - |  | - |  |

| Other creditors | 97,286 |  | 68,216 |  | - |  | - |  |

| Accrued expenses | 543,298 |  | 346,823 |  | 2,000 |  | - |  |

5,311,087 |  | 4,904,837 |  | 2,000 |  | - |  |

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

| Group |

2025 | 2024 |

| as restated |

£ | £ |

| Hire purchase contracts (see note 22) | 3,907,391 |  | 4,548,706 |  |

| Net obligations under hire purchase agreements are secured on the assets of the company.

21. | LOANS

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

| Group |

2025 | 2024 |

| as restated |

£ | £ |

| Amounts falling due within one year or on | demand: |

| Bank loans | 851,054 |  | 861,086 |  |

| The loan balance relates to amounts drawn down on the invoice discounting arrangement and is repayable within one year.

CAMPEYS GROUP LIMITED (REGISTERED NUMBER: 15150395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

22. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Hire purchase |

| contracts |

2025 | 2024 |

| as restated |

£ | £ |

| Net obligations repayable:

| Within one year | 2,395,817 |  | 2,369,062 |  |

| Between one and five years | 3,907,391 |  | 4,548,706 |  |

6,303,208 |  | 6,917,768 |  |

| Group

| Non-cancellable |

| operating leases |

2025 | 2024 |

| as restated |

£ | £ |

| Within one year | 640,000 |  | 634,583 |  |

| Between one and five years | 2,339,996 |  | 2,482,500 |  |

| In more than five years | 2,029,500 |  | 2,426,667 |  |

5,009,496 |  | 5,543,750 |  |

23. | SECURED DEBTS

| The following secured debts are included within creditors:

| Group |

2025 | 2024 |

| as restated |

£ | £ |

| Bank loans | 851,054 |  | 861,086 |  |

| Hire purchase contracts | 6,303,208 |  | 6,917,768 |  |

7,154,262 |  | 7,778,854 |  |

| The loan balance relates to amount draw down on the invoice finance arrangement it is secured by fixed and floating charges over the assets of the company.

| Net obligations under hire purchase agreements are secured on the assets of the company to which they relate.

CAMPEYS GROUP LIMITED (REGISTERED NUMBER: 15150395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

24. | PROVISIONS FOR LIABILITIES

| Group |

2025 | 2024 |

| as restated |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 2,435,548 |  | 2,219,340 |  |

| Tax losses carried forward | (903,553 | ) | (916,457 | ) |

1,531,995 |  | 1,302,883 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at 1 November 2024 | 1,302,883 |  |

| Charge to Statement of Comprehensive Income during year | 229,112 |  |

| Balance at 31 October 2025 | 1,531,995 |  |

25. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: |  | as restated |

£ | £ |

| 100 | Ordinary. | £1 | 100 |  | 100 |  |

26. | RESERVES

| Retained earnings - includes all current and prior period retained profits and losses.

CAMPEYS GROUP LIMITED (REGISTERED NUMBER: 15150395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

27. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 October 2025 and 31 October 2024:

2025 | 2024 |

| as restated |

£ | £ |

| P D Campey and Mrs E A Campey

| Balance outstanding at start of year | 542,028 |  | 522,083 |  |

| Amounts advanced | 101,663 |  | 79,676 |  |

| Amounts repaid | (52,000 | ) | (59,731 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 591,691 |  | 542,028 |  |

| Loans are repayable on demand. Interest is chargeable on the loan outstanding at HM Revenue & Customs authorised rate.

28. | RELATED PARTY DISCLOSURES

| During the year, total dividends of £36,000 (2024 - £36,000) were paid to the directors .

| Rent paid to a company under the control of one of the directors £16,800 (2024 - £16,800)

| 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.

29. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling parties are Mr P D Campey & Mrs E A Campey.