IRIS Accounts Production v26.1.0.640 13367406 director 31.7.25 1.8.24 31.7.25 31.7.25 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. The principal activity of the group in the year under review was that of same day dedicated courier services operating across the UK. true true true false true true false false false false true true true false Ordinary 0 Preference 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 13367406 2024-07-31 13367406 2025-07-31 13367406 2024-08-01 2025-07-31 13367406 2023-07-31 13367406 2023-08-01 2024-07-31 13367406 2024-07-31 13367406 ns15:EnglandWales 2024-08-01 2025-07-31 13367406 ns14:PoundSterling 2024-08-01 2025-07-31 13367406 ns10:Director1 2024-08-01 2025-07-31 13367406 ns10:Consolidated 2025-07-31 13367406 ns10:ConsolidatedGroupCompanyAccounts 2024-08-01 2025-07-31 13367406 ns10:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 13367406 ns10:Consolidated ns10:MediumEntities 2024-08-01 2025-07-31 13367406 ns10:Consolidated ns10:Audited 2024-08-01 2025-07-31 13367406 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-08-01 2025-07-31 13367406 ns10:Medium-sizedCompaniesRegimeForAccounts 2024-08-01 2025-07-31 13367406 ns10:Consolidated 2024-08-01 2025-07-31 13367406 ns10:Consolidated ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-08-01 2025-07-31 13367406 ns10:Medium-sizedCompaniesRegimeForAccounts ns10:Consolidated 2024-08-01 2025-07-31 13367406 ns10:FullAccounts 2024-08-01 2025-07-31 13367406 ns5:Subsidiary1 2024-08-01 2025-07-31 13367406 1 2024-08-01 2025-07-31 13367406 ns10:OrdinaryShareClass1 2024-08-01 2025-07-31 13367406 ns10:OrdinaryShareClass2 2024-08-01 2025-07-31 13367406 ns10:RegisteredOffice 2024-08-01 2025-07-31 13367406 ns10:Director3 2024-08-01 2025-07-31 13367406 ns10:Director4 2024-08-01 2025-07-31 13367406 ns10:Director2 2024-08-01 2025-07-31 13367406 ns10:Consolidated 2023-08-01 2024-07-31 13367406 ns5:ShareCapital 2025-07-31 13367406 ns5:ShareCapital 2024-07-31 13367406 ns5:FurtherSpecificReserve1ComponentTotalEquity 2025-07-31 13367406 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-07-31 13367406 ns5:RetainedEarningsAccumulatedLosses 2025-07-31 13367406 ns5:RetainedEarningsAccumulatedLosses 2024-07-31 13367406 ns5:ShareCapital 2023-07-31 13367406 ns5:RetainedEarningsAccumulatedLosses 2023-07-31 13367406 ns5:FurtherSpecificReserve1ComponentTotalEquity 2023-07-31 13367406 ns5:ShareCapital 2023-08-01 2024-07-31 13367406 ns5:RetainedEarningsAccumulatedLosses 2023-08-01 2024-07-31 13367406 ns5:FurtherSpecificReserve1ComponentTotalEquity 2023-08-01 2024-07-31 13367406 ns5:RetainedEarningsAccumulatedLosses 2024-08-01 2025-07-31 13367406 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-08-01 2025-07-31 13367406 ns5:NetGoodwill 2024-08-01 2025-07-31 13367406 ns5:IntangibleAssetsOtherThanGoodwill 2024-08-01 2025-07-31 13367406 ns5:LeaseholdImprovements 2024-08-01 2025-07-31 13367406 ns5:FurnitureFittings 2024-08-01 2025-07-31 13367406 ns5:MotorVehicles 2024-08-01 2025-07-31 13367406 ns5:ComputerEquipment 2024-08-01 2025-07-31 13367406 ns5:CostValuation 2024-07-31 13367406 1 ns5:Subsidiary1 2024-08-01 2025-07-31 13367406 ns10:OrdinaryShareClass1 2025-07-31 13367406 ns10:OrdinaryShareClass2 2025-07-31

REGISTERED NUMBER: 13367406 (England and Wales)

| GROUP STRATEGIC REPORT, |

| REPORT OF THE DIRECTOR AND |

| AUDITED |

| CONSOLIDATED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 JULY 2025 |

| FOR |

| CARGO 2 GO (HOLDINGS) LTD |

| CARGO 2 GO (HOLDINGS) LTD (REGISTERED NUMBER: 13367406) |

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

| Page |

| Company Information | 1 |

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

| Report of the Director | 4 |  | to |  | 5

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

| Consolidated Income Statement | 10 |

| Consolidated Other Comprehensive Income | 11 |

| Consolidated Balance Sheet | 12 |

| Company Balance Sheet | 13 |

| Consolidated Statement of Changes in Equity | 14 |

| Company Statement of Changes in Equity | 15 |

| Consolidated Cash Flow Statement | 16 |

| Notes to the Consolidated Cash Flow Statement | 17 |

| Notes to the Consolidated Financial Statements | 18 |  | to |  | 27

| CARGO 2 GO (HOLDINGS) LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JULY 2025

| DIRECTOR: | Mr B P Frechette

| REGISTERED OFFICE: | 123 Wellington Road South

| Stockport

| Cheshire

| SK1 3TH

| REGISTERED NUMBER: | 13367406 (England and Wales)

| AUDITORS: | Allens Accountants Limited

| Registered Auditors and

| Chartered Accountants

| 123 Wellington Road South

| Stockport

| Cheshire

| SK1 3TH

| CARGO 2 GO (HOLDINGS) LTD (REGISTERED NUMBER: 13367406) |

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 JULY 2025

The director presents his strategic report of the company and the group for the year ended 31 July 2025.

This financial strategic report provides an overview of the Cargo 2 Go (Holdings) Group, a same day dedicated courier business operating across the UK.

REVIEW OF BUSINESS

The Group has a strong performance for the year with turnover of £14.72 million, representing a 17.8% increase compared to the previous year. This increase has been boosted significantly on work generated by a large worldwide logistics group. Diversifying our standard service to include tailored operations that have led to an uplift in finances and standards across the Group.

The Group continues to go from strength to strength under the Employee Ownership Trust (EOT) structure set up from 1st August 2023. Transparency with stakeholders has been paramount with developing the business and boosting buy-in for ongoing projects.

The Group has invested heavily in IT systems and people to give customers, live tracking and real time updates, Trusted professional drivers, dedicated vehicles, friendly customer service, instant POD's straight after delivery.

The dividends represent amounts paid to the previous owner in the form of deferred consideration, this will be reduced in following years, and the director looks to strengthen the balance sheet reserves.

OPPORTUNITIES & CHALLENGES

There are several key challenges and opportunities to acknowledge in the industry in which the Group operates, particularly in the current market environment.

Operational Efficiency - Our focus will remain on continuing to optimize operational processes and enhance our operational efficiency by embracing and investing in technology solutions. All the above should enable us to continue to improve service quality, procedures and communications within the Group as well as with our suppliers and customers.

Customer relationships - We always strive to strengthen relationships with our existing customer base, and this will remain our focus in the financial year ahead.

| CARGO 2 GO (HOLDINGS) LTD (REGISTERED NUMBER: 13367406) |

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 JULY 2025

PRINCIPAL RISKS AND UNCERTAINTIES

Competitor Risk - The Group operates in a very competitive market and as a result there is a danger that profitability can be impacted and market share diminished. It is therefore important that the Group remains focused on continually striving to provide the best service for its customers by investing in the business and our employees.

Liquidity Risk - The Group manages its cash and borrowings to ensure the business maintains a strong financial position. The Director is confident that by continuing to build and strengthen our relationships with suppliers and customers that the Group can sustain and improve the business over the coming financial year.

Credit Risk - The Group trade with a large volume of customers and is very alert to the risk of delayed payments, non-payments of debt and insolvencies. This risk is managed by utilizing credit reference agencies and a high-level focus on credit limits, credit control and query management.

KEY PERFORMANCE INDICATORS

The director uses a number of KPI's to monitor, control and direct the Group.

Standard financial KPI's :

- |  | Sales |  |

- |  | Gross margin |  |

- |  | Admin expenses |  |

- |  | Operating profit |  |

- |  | Cash |  |

- |  | Debt |  |

Other key performance indicators:

In addition to these financial metrics, the Group also track non-financial KPI's such as customer satisfaction scores, employee engagement levels and operational efficiency indicators, which support the long-term growth and sustainability

ON BEHALF OF THE BOARD:

Mr B P Frechette - Director

1 April 2026

| CARGO 2 GO (HOLDINGS) LTD (REGISTERED NUMBER: 13367406) |

REPORT OF THE DIRECTOR

FOR THE YEAR ENDED 31 JULY 2025

The director presents his report with the financial statements of the company and the group for the year ended 31 July 2025.

DIVIDENDS

No dividends will be distributed for the year ended 31 July 2025.

DISTRIBUTIONS TO EMPLOYEE OWNERSHIP TRUST

Distributions of £1,830,828 were paid in the year ended 31 July 2025 to the Cargo 2 Go Employee Ownership Trust.

DIRECTORS

Mr B P Frechette has held office during the whole of the period from 1 August 2024 to the date of this report.

Other changes in directors holding office are as follows:

Mr J H Mosley - resigned 25 October 2024

Mrs R Gleave - resigned 10 January 2025

Mr D R Hough ceased to be a director after 31 July 2025 but prior to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is 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 director is 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 director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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 director is 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 he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

| CARGO 2 GO (HOLDINGS) LTD (REGISTERED NUMBER: 13367406) |

REPORT OF THE DIRECTOR

FOR THE YEAR ENDED 31 JULY 2025

AUDITORS

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

ON BEHALF OF THE BOARD:

Mr B P Frechette - Director

1 April 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

CARGO 2 GO (HOLDINGS) LTD

Opinion

We have audited the financial statements of Cargo 2 Go (Holdings) Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 July 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, 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 July 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 director's 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 director with respect to going concern are described in the relevant sections of this report.

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

CARGO 2 GO (HOLDINGS) LTD

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 Director.

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 director's remuneration specified by law are not made; or

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

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page four, the director is 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 director determines 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 director is 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 director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

CARGO 2 GO (HOLDINGS) LTD

Auditors' responsibilities for the audit of the financial statements

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

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

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- |  | the nature of the industry and sector, control environment and business performance including the design of the company's remuneration policies, key drivers for the directors' remuneration, bonus levels and performance targets; |

- |  | results of our enquiries of management and the board of directors about their own identification and assessment of the risks of irregularities; |

- |  | any matters we identified having obtained and reviewed the company's documentation of their policies and procedures relating to: |

| - |  | identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; |

| - |  | detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; |

| - |  | the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; |

| - |  | the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. |

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory framework that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and tax legislation. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty.

Audit response to risks identified

Our procedure to respond to risks identified included the following:

- |  | reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; |

- |  | enquiring of management and the board of directors concerning actual and potential litigation and claims; |

- |  | performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; |

- |  | in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. |

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

CARGO 2 GO (HOLDINGS) LTD

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Paul Wright (Senior Statutory Auditor)

for and on behalf of Allens Accountants Limited

Registered Auditors and

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

1 April 2026

| CARGO 2 GO (HOLDINGS) LTD (REGISTERED NUMBER: 13367406) |

CONSOLIDATED

INCOME STATEMENT

FOR THE YEAR ENDED 31 JULY 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 14,722,354 |  | 12,502,512 |  |

Cost of sales | 10,958,667 |  | 9,740,787 |  |

GROSS PROFIT | 3,763,687 |  | 2,761,725 |  |

Administrative expenses | 2,192,379 |  | 1,944,882 |  |

1,571,308 |  | 816,843 |  |

Other operating income | 3,399 |  | - |  |

OPERATING PROFIT | 4 | 1,574,707 |  | 816,843 |  |

Interest receivable and similar income | 19 |  | 56,323 |  |

1,574,726 |  | 873,166 |  |

Interest payable and similar expenses | 5 | 32,263 |  | 43,578 |  |

PROFIT BEFORE TAXATION | 1,542,463 |  | 829,588 |  |

Tax on profit | 6 | 477,138 |  | 298,640 |  |

PROFIT FOR THE FINANCIAL YEAR | 1,065,325 |  | 530,948 |  |

Profit attributable to:

Owners of the parent | 1,065,325 |  | 530,948 |  |

| CARGO 2 GO (HOLDINGS) LTD (REGISTERED NUMBER: 13367406) |

CONSOLIDATED

OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 JULY 2025

| 2025 |  | 2024

| Notes | £ | £ |

PROFIT FOR THE YEAR | 1,065,325 |  | 530,948 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,065,325 |  | 530,948 |  |

Total comprehensive income attributable to:

Owners of the parent | 1,065,325 |  | 530,948 |  |

| CARGO 2 GO (HOLDINGS) LTD (REGISTERED NUMBER: 13367406) |

CONSOLIDATED BALANCE SHEET

31 JULY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 8 | 2,226,902 |  | 2,583,206 |  |

Tangible assets | 9 | 16,628 |  | 37,601 |  |

Investments | 10 | - |  | - |  |

2,243,530 |  | 2,620,807 |  |

CURRENT ASSETS

Debtors | 11 | 3,079,203 |  | 3,007,379 |  |

Cash at bank | 243,775 |  | 403,559 |  |

3,322,978 |  | 3,410,938 |  |

CREDITORS

Amounts falling due within one year | 12 | 2,388,255 |  | 1,923,974 |  |

NET CURRENT ASSETS | 934,723 |  | 1,486,964 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,178,253 |  | 4,107,771 |  |

CREDITORS

Amounts falling due after more than one year | 13 | - |  | (160,031 | ) |

PROVISIONS FOR LIABILITIES | 17 | (3,052 | ) | (7,036 | ) |

NET ASSETS | 3,175,201 |  | 3,940,704 |  |

CAPITAL AND RESERVES

Called up share capital | 18 | 11 |  | 11 |  |

Other reserves | 19 | 4,017,495 |  | 4,017,495 |  |

Retained earnings | 19 | (842,305 | ) | (76,802 | ) |

SHAREHOLDERS' FUNDS | 3,175,201 |  | 3,940,704 |  |

The financial statements were approved by the director and authorised for issue on 1 April 2026 and were signed by:

Mr B P Frechette - Director

| CARGO 2 GO (HOLDINGS) LTD (REGISTERED NUMBER: 13367406) |

COMPANY BALANCE SHEET

31 JULY 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 8 | - |  | - |  |

Tangible assets | 9 | - |  | - |  |

Investments | 10 | 8,085,180 |  | 8,085,180 |  |

8,085,180 |  | 8,085,180 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 8,085,180 |  | 8,085,180 |  |

CAPITAL AND RESERVES

Called up share capital | 18 | 11 |  | 11 |  |

Other reserves | 19 | 4,017,495 |  | 4,017,495 |  |

Retained earnings | 19 | 4,067,674 |  | 4,067,674 |  |

SHAREHOLDERS' FUNDS | 8,085,180 |  | 8,085,180 |  |

Company's profit for the financial year | 1,830,828 |  | 3,230,108 |  |

The financial statements were approved by the director and authorised for issue on 1 April 2026 and were signed by:

Mr B P Frechette - Director

| CARGO 2 GO (HOLDINGS) LTD (REGISTERED NUMBER: 13367406) |

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JULY 2025

| Called up |

| share |  | Retained |  | Other |  | Total

| capital |  | earnings |  | reserves |  | equity

£ | £ | £ | £ |

Balance at 1 August 2023 | 10 |  | 2,622,364 |  | 4,017,495 |  | 6,639,869 |  |

Changes in equity

Issue of share capital | 1 |  | - |  | - |  | 1 |  |

Total comprehensive income | - |  | 530,948 |  | - |  | 530,948 |  |

Distribution to trustees | - |  | (3,230,114 | ) | - |  | (3,230,114 | ) |

Balance at 31 July 2024 | 11 |  | (76,802 | ) | 4,017,495 |  | 3,940,704 |  |

Changes in equity

Total comprehensive income | - |  | 1,065,325 |  | - |  | 1,065,325 |  |

Distribution to trustees | - |  | (1,830,828 | ) | - |  | (1,830,828 | ) |

Balance at 31 July 2025 | 11 |  | (842,305 | ) | 4,017,495 |  | 3,175,201 |  |

| CARGO 2 GO (HOLDINGS) LTD (REGISTERED NUMBER: 13367406) |

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JULY 2025

| Called up |

| share |  | Retained |  | Other |  | Total

| capital |  | earnings |  | reserves |  | equity

£ | £ | £ | £ |

Balance at 1 August 2023 | 10 |  | 4,067,680 |  | 4,017,495 |  | 8,085,185 |  |

Changes in equity

Issue of share capital | 1 |  | - |  | - |  | 1 |  |

Total comprehensive income | - |  | 3,230,108 |  | - |  | 3,230,108 |  |

Distribution to trustees | - |  | (3,230,114 | ) | - |  | (3,230,114 | ) |

Balance at 31 July 2024 | 11 |  | 4,067,674 |  | 4,017,495 |  | 8,085,180 |  |

Changes in equity

Total comprehensive income | - |  | 1,830,828 |  | - |  | 1,830,828 |  |

Distribution to trustees | - |  | (1,830,828 | ) | - |  | (1,830,828 | ) |

Balance at 31 July 2025 | 11 |  | 4,067,674 |  | 4,017,495 |  | 8,085,180 |  |

| CARGO 2 GO (HOLDINGS) LTD (REGISTERED NUMBER: 13367406) |

CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 JULY 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 2,039,424 |  | 1,504,273 |  |

Interest paid | (32,263 | ) | (43,578 | ) |

Tax paid | (155,376 | ) | (437,750 | ) |

Net cash from operating activities | 1,851,785 |  | 1,022,945 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (482 | ) | - |  |

Interest received | 19 |  | 56,323 |  |

Net cash from investing activities | (463 | ) | 56,323 |  |

Cash flows from financing activities

Loan repayments in year | (181,076 | ) | (169,840 | ) |

Amount introduced by directors | 1,110 |  | 1,209,777 |  |

Amount withdrawn by directors | (312 | ) | - |  |

Share issue | - |  | 1 |  |

Distribution to trustees | (1,830,828 | ) | (3,230,114 | ) |

Net cash from financing activities | (2,011,106 | ) | (2,190,176 | ) |

Decrease in cash and cash equivalents | (159,784 | ) | (1,110,908 | ) |

Cash and cash equivalents at beginning of year | 2 | 403,559 |  | 1,514,467 |  |

Cash and cash equivalents at end of year | 2 | 243,775 |  | 403,559 |  |

| CARGO 2 GO (HOLDINGS) LTD (REGISTERED NUMBER: 13367406) |

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 JULY 2025

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

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 1,542,463 |  | 829,588 |  |

| Depreciation charges | 371,519 |  | 377,242 |  |

| Loss on disposal of fixed assets | 6,240 |  | - |  |

| Finance costs | 32,263 |  | 43,578 |  |

| Finance income | (19 | ) | (56,323 | ) |

1,952,466 |  | 1,194,085 |  |

| (Increase)/decrease in trade and other debtors | (72,622 | ) | 4,251 |  |

| Increase in trade and other creditors | 159,580 |  | 305,937 |  |

| Cash generated from operations | 2,039,424 |  | 1,504,273 |  |

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 July 2025

| 31/7/25 |  | 1/8/24

£ | £ |

| Cash and cash equivalents | 243,775 |  | 403,559 |  |

| Year ended 31 July 2024

| 31/7/24 |  | 1/8/23

£ | £ |

| Cash and cash equivalents | 403,559 |  | 1,514,467 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

| At 1/8/24 | Cash flow | At 31/7/25

£ | £ | £ |

| Net cash |

| Cash at bank | 403,559 |  | (159,784 | ) | 243,775 |  |

403,559 |  | (159,784 | ) | 243,775 |  |

| Debt

| Debts falling due within 1 year | (181,076 | ) | 21,045 |  | (160,031 | ) |

| Debts falling due after 1 year | (160,031 | ) | 160,031 |  | - |  |

(341,107 | ) | 181,076 |  | (160,031 | ) |

| Total | 62,452 |  | 21,292 |  | 83,744 |  |

| CARGO 2 GO (HOLDINGS) LTD (REGISTERED NUMBER: 13367406) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1. | STATUTORY INFORMATION

| Cargo 2 Go (Holdings) Ltd 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.

| The financial statements are presented in the Group's functional currency, pound sterling (£).

| The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires group management to exercise judgement in applying the Group's accounting policies.

| Going concern

| After reviewing the Group's financial position, the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future being a period of not less than 12 months from the date of approval of these financial statements. The Group therefore continues to adopt the going concern basis in preparing the financial statements.

| Basis of consolidation

| The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. 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.

| The consolidated financial statements incorporate the results of the business combinations using the purchase method. In the Balance Sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Income Statement from the date on which control is obtained. They are deconsolidated from the date control ceases.

| Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used in line with those used by other members of the Group.

| Significant judgements and estimates

| In the application of the Group'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 effects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

| The directors do not consider there to be any significant judgements and estimates that require disclosure.

| CARGO 2 GO (HOLDINGS) LTD (REGISTERED NUMBER: 13367406) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| Turnover

| Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

| Revenue from a contract for services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

| - |  | the amount of revenue can be measured reliably; |  |

| - |  | it is probable that the Company will receive the consideration due under the contract; |  |

| - |  | the stage of completion of the contract at the end of the reporting period can be measured reliably; and |  |

| - |  | the costs incurred and the costs to complete the contract can be measured reliably. |  |

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

| Intangible assets

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

| Tangible fixed assets

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

| Improvements to property | - | 10% on cost

| Fixtures & fittings | - | 20% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 50% on reducing balance

| Taxation

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

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

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

| Deferred tax

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

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

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

| 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.

| CARGO 2 GO (HOLDINGS) LTD (REGISTERED NUMBER: 13367406) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| Cash at bank and cash equivalents

| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| In the Consolidated Cash Flow Statement, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the group's cash management.

| Debtors

| Short term debtors are measured at transaction price, less any impairment.

| Creditors

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

| Finance costs

| Finance costs are charged to the Consolidated Income Statement over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

| Operating leases

| Rentals paid under operating leases are charged to the Consolidated Income Statement on a straight line basis over the lease term. Lease incentives are recognised on a straight line basis over the term of the lease.

| Dividends

| Equity dividends are recognised when they become legally payable.

| Provision for liabilities

| Provisions are made where an event has taken place that gives the Group a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

| Provisions are charged as an expense to the Consolidated Income Statement in the year that the Group becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

| CARGO 2 GO (HOLDINGS) LTD (REGISTERED NUMBER: 13367406) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The Group only 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 from banks and other third parties, together with loans 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 present value of future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable in one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration, expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

| 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 evidence of impairment is found, an impairment loss is recognised in the Consolidated Income Statement.

| For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the group would receive for the asset if it were to be sold at the balance sheet date.

| Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

3. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 974,322 |  | 1,049,399 |  |

| Social security costs | 88,819 |  | 97,806 |  |

| Other pension costs | 17,368 |  | 20,235 |  |

1,080,509 |  | 1,167,440 |  |

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

| 2025 |  | 2024

| Management and office | 24 |  | 24 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 179,650 |  | 359,820 |  |

| Directors' pension contributions to money purchase schemes | 2,216 |  | 3,260 |  |

| CARGO 2 GO (HOLDINGS) LTD (REGISTERED NUMBER: 13367406) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

4. | OPERATING PROFIT

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

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 15,215 |  | 20,938 |  |

| Loss on disposal of fixed assets | 6,240 |  | - |  |

| Goodwill amortisation | 356,304 |  | 356,304 |  |

| Foreign exchange differences | 45 |  | (24 | ) |

5. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank loan interest | 16,183 |  | 27,418 |  |

| Other interest | - |  | 16,139 |  |

| HMRC interest paid | 16,080 |  | 21 |  |

32,263 |  | 43,578 |  |

6. | 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 | 481,122 |  | 302,763 |  |

| Deferred tax | (3,984 | ) | (4,123 | ) |

| Tax on profit | 477,138 |  | 298,640 |  |

| 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 | 1,542,463 |  | 829,588 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 385,616 |  | 207,397 |  |

| Effects of:

| Expenses not deductible for tax purposes | 91,522 |  | 91,243 |  |

| Total tax charge | 477,138 |  | 298,640 |  |

| CARGO 2 GO (HOLDINGS) LTD (REGISTERED NUMBER: 13367406) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

7. | INDIVIDUAL INCOME STATEMENT

| 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.

8. | INTANGIBLE FIXED ASSETS

| Group

| Goodwill

£ |

| COST

| At 1 August 2024

| and 31 July 2025 | 3,563,042 |  |

| AMORTISATION

| At 1 August 2024 | 979,836 |  |

| Amortisation for year | 356,304 |  |

| At 31 July 2025 | 1,336,140 |  |

| NET BOOK VALUE

| At 31 July 2025 | 2,226,902 |  |

| At 31 July 2024 | 2,583,206 |  |

9. | TANGIBLE FIXED ASSETS

| Group

| Improvements |

| to |  | Fixtures |  | Motor |  | Computer |

| property |  | & fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 August 2024 | 68,463 |  | 21,797 |  | 20,000 |  | 62,970 |  | 173,230 |  |

| Additions | - |  | - |  | - |  | 482 |  | 482 |  |

| Disposals | - |  | - |  | (20,000 | ) | - |  | (20,000 | ) |

| At 31 July 2025 | 68,463 |  | 21,797 |  | - |  | 63,452 |  | 153,712 |  |

| DEPRECIATION

| At 1 August 2024 | 54,768 |  | 16,124 |  | 11,680 |  | 53,057 |  | 135,629 |  |

| Charge for year | 6,846 |  | 1,134 |  | 2,080 |  | 5,155 |  | 15,215 |  |

| Eliminated on disposal | - |  | - |  | (13,760 | ) | - |  | (13,760 | ) |

| At 31 July 2025 | 61,614 |  | 17,258 |  | - |  | 58,212 |  | 137,084 |  |

| NET BOOK VALUE

| At 31 July 2025 | 6,849 |  | 4,539 |  | - |  | 5,240 |  | 16,628 |  |

| At 31 July 2024 | 13,695 |  | 5,673 |  | 8,320 |  | 9,913 |  | 37,601 |  |

| CARGO 2 GO (HOLDINGS) LTD (REGISTERED NUMBER: 13367406) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

10. | FIXED ASSET INVESTMENTS

| Company

| Shares in

| group

| undertakings

£ |

| COST

| At 1 August 2024

| and 31 July 2025 | 8,085,180 |  |

| NET BOOK VALUE

| At 31 July 2025 | 8,085,180 |  |

| At 31 July 2024 | 8,085,180 |  |

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

| Subsidiary

| Cargo 2 Go (UK) Ltd

| Registered office: 123 Wellington Road South, Stockport, England, SK1 3TH

| Nature of business: Freight Transport by Road

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

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

| Group |

2025 | 2024 |

£ | £ |

| Trade debtors | 2,852,852 |  | 2,811,176 |  |

| Other debtors | 1,026 |  | 100 |  |

| Directors' current accounts | - |  | 798 |  |

| Prepayments | 225,325 |  | 195,305 |  |

3,079,203 |  | 3,007,379 |  |

| CARGO 2 GO (HOLDINGS) LTD (REGISTERED NUMBER: 13367406) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

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

| Group |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 14) | 160,031 |  | 181,076 |  |

| Trade creditors | 1,160,725 |  | 1,143,434 |  |

| Corporation Tax | 494,362 |  | 168,616 |  |

| Social security and other taxes | 27,897 |  | 20,688 |  |

| VAT | 269,413 |  | 220,194 |  |

| Other creditors | 158,721 |  | 156,742 |  |

| Directors' current accounts | 624 |  | 624 |  |

| Accrued expenses | 116,482 |  | 32,600 |  |

2,388,255 |  | 1,923,974 |  |

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

| Group |

2025 | 2024 |

£ | £ |

| Bank loans (see note 14) | - |  | 160,031 |  |

14. | LOANS

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

| Group |

2025 | 2024 |

£ | £ |

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

| Bank loans | 160,031 |  | 181,076 |  |

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

| Bank loans - 1-2 years | - |  | 160,031 |  |

15. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 38,000 |  | 38,000 |  |

| Between one and five years | 19,000 |  | 61,245 |  |

57,000 |  | 99,245 |  |

| CARGO 2 GO (HOLDINGS) LTD (REGISTERED NUMBER: 13367406) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

16. | SECURED DEBTS

| The following secured debts are included within creditors:

| Group |

2025 | 2024 |

£ | £ |

| Loan | 59,634 |  | 125,616 |  |

| Ecapital Commercial | 19,833 |  | - |  |

79,467 |  | 125,616 |  |

| Debts of the Company are secured by a debenture giving fixed and floating charges on all assets of the Company.

17. | PROVISIONS FOR LIABILITIES

| Group |

2025 | 2024 |

£ | £ |

| Deferred tax | 3,052 |  | 7,036 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at 1 August 2024 | 7,036 |  |

| Credit to Income Statement during year | (3,984 | ) |

| Balance at 31 July 2025 | 3,052 |  |

18. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 1,000 | Ordinary | £0.01 | 10 |  | 10 |  |

| 1 | Preference | £1 | 1 |  | 1 |  |

11 |  | 11 |  |

19. | RESERVES

| Called up share capital

| Represents the nominal value of shares that have been issued.

| Retained earnings

| Includes all current and accumulated profits and losses.

| Other reserves

| Amounts included in other reserves relate to a merger reserve which arose on a business combination that occurred during November 2021 and qualified for merger relief under section 612 of the Companies Act 2006.

| CARGO 2 GO (HOLDINGS) LTD (REGISTERED NUMBER: 13367406) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

20. | PENSION COMMITMENTS

| The Company operates a defined contributions pension scheme. The assets from the scheme are held separately from those of the Company in an independently administered fund. The pension charge represents contributions payable by the Company to the fund and amounted to £17,368 (2024: £20,235). Contributions totalling £7,596 (2024: £11,344) were payable to the fund at the Balance Sheet date and are included in creditors.

21. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling parties are the trustees of the Employee Ownership Trust.