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REGISTERED NUMBER: 09070169 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

CARGOCARE GLOBAL LIMITED

CARGOCARE GLOBAL LIMITED (REGISTERED NUMBER: 09070169)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page |

Company Information | 1 |

Strategic Report | 2 |

Report of the Directors | 4 |

Report of the Independent Auditors | 5 |

Income Statement | 9 |

Other Comprehensive Income | 10 |

Balance Sheet | 11 |

Statement of Changes in Equity | 12 |

Notes to the Financial Statements | 13 |

CARGOCARE GLOBAL LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| DIRECTORS: | D G O'Donnell

| Mrs L K P Foy

| R A Lambert

| B G Whitehead

| REGISTERED OFFICE: | 67 Newland Street

| Witham

| Essex

| CM8 1AA

| REGISTERED NUMBER: | 09070169 (England and Wales)

| AUDITORS: | Wilson Devenish

| 67 Newland Street

| Witham

| Essex

| CM8 1AA

CARGOCARE GLOBAL LIMITED (REGISTERED NUMBER: 09070169)

STRATEGIC REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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

PRINCIPAL ACTIVITY

Financial year ended September 2025 saw the second full year of Cargocare Global operating purely as a freight management business with the higher turnover but lower gross margins. Cargocare Global continued to grow strongly through 2025 with continued investment in both systems and sales. The business provides international freight movements by air, sea and road as well as domestic Transport and Distribution. Significant growth was experienced in Project business, a new department operating from November 2025.

The company operates in a mature and congested market place but continues to focus both on process automation for efficiency but also heavily on customer service excellence.

REVIEW OF BUSINESS

The companies main financial indicators are revenue, gross profit and profit before tax. Financial Year 2025 saw revenues grow over 16% year on year to £30.65m (2024 - £26.25m). Gross margins across the business as a whole were maintained at 10% (2024 - 10%), supported by strong margins in the export, air and projects departments.

Profit before tax grew significantly to £318.7k (2024 - £169.3k).

The company continues to strengthen its balance sheet growing to £1.034m at 30th September 2025 (2024 - £0.611m). Cash in bank grew from £919k to £1.004m in the same period.

PRINCIPAL RISKS AND UNCERTAINTIES

Liquidity risk

The company operates from a net cash positive position. The company has a strong focus on credit account management and maintains a cautious approach to both providing credit to clients and accruing for potential bad debts. The Directors consider the liquidity position of the company to be satisfactory for expected trading.

Foreign currency risk

The business trades in Sterling, Euros and US Dollars. Pricing and payments are generally on monthly terms meaning limited medium and long-term exposure to exchange rate fluctuations. The business does not hedge with financial contracts but does benefit from some natural hedging, balancing a proportion of US Dollar and Euro purchase with US Dollar and Euro sales. Cash balances, debtor and creditor balances of foreign currencies are reviewed on a weekly and monthly basis to ensure no significant exposure to the business and foreign currencies are regularly bought or sold to mitigate the potential risk.

Commercial and pricing risk

The majority of sales are on spot pricing and monthly pricing. As such the exposure to pricing risk in a fluid market is relatively low.

External Market factors

Market uncertainties are still strong influences in business trading. Interruptions to supply chain continue disrupting "normal" trade flows. Additional external factors impacting supply chain integrity and market confidence are global conflicts such as in the Ukraine and Middle East. The directors believe sufficient mitigation is in place working in partnership with key suppliers such as shipping lines and transport companies to ensure viable short term alternative solutions are in place.

CARGOCARE GLOBAL LIMITED (REGISTERED NUMBER: 09070169)

STRATEGIC REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FUTURE DEVELOPMENTS

Cargocare Global is an agile and flexible business that responds rapidly to market changes and business opportunities. Innovation and further automation are central to the company's aspirations but are supporting elements to investments in people and customer service excellence.

The business continues to invest heavily in Commercial and has a realistic approach to reward based on investment. 2025 saw continued strengthening of the Export Sea business and the new Projects department delivered a significant contribution to the year end results.

PEOPLE AND COMMUNITY

Staff satisfaction and retention are key to the ongoing success of the company. The company invests in training and development to upskill staff members and also encourages and supports social interaction in the teams and offices across the company.

Cargocare Global continues to support multiple charities through staff events and direct charity contributions nominated by local offices across mental health and cancer.

ON BEHALF OF THE BOARD:

Mrs L K P Foy - Director

30 March 2026

CARGOCARE GLOBAL LIMITED (REGISTERED NUMBER: 09070169)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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

DIVIDENDS

No dividends will be distributed for the year ended 30 September 2025.

DIRECTORS

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

D G O'Donnell

Mrs L K P Foy

R A Lambert

B G Whitehead

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

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

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

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

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

ON BEHALF OF THE BOARD:

Mrs L K P Foy - Director

30 March 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

CARGOCARE GLOBAL LIMITED

Opinion

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

In our opinion the financial statements:

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

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

CARGOCARE GLOBAL LIMITED

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

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

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

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

CARGOCARE GLOBAL LIMITED

Auditors' responsibilities for the audit of the financial statements

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

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

Discussions with and enquiries of management and those charged with governance were held with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity.

The following laws and regulations were identified as being of significance to the entity:

- Those laws and regulations considered to have a direct effect on the financial statements include UK financial reporting standards, Company Law, Tax and legislation, and distributable profits legislation.

- Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the business and therefore may have a material effect on the financial statements include environmental regulations, health and safety legislation.

Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: inquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; review of board minutes and the performance of analytical review to identify unexpected movements in account balances which may be indicative of fraud.

No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).

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

CARGOCARE GLOBAL 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.

Vincent Mark Mellett (Senior Statutory Auditor)

for and on behalf of Wilson Devenish

67 Newland Street

Witham

Essex

CM8 1AA

30 March 2026

CARGOCARE GLOBAL LIMITED (REGISTERED NUMBER: 09070169)

INCOME STATEMENT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 30,650,230 |  | 26,257,151 |  |

Cost of sales | 27,571,630 |  | 23,642,319 |  |

GROSS PROFIT | 3,078,600 |  | 2,614,832 |  |

Administrative expenses | 2,781,095 |  | 2,457,408 |  |

297,505 |  | 157,424 |  |

Other operating income | 6,888 |  | - |  |

OPERATING PROFIT | 4 | 304,393 |  | 157,424 |  |

Interest receivable and similar income | 14,368 |  | 11,964 |  |

318,761 |  | 169,388 |  |

Interest payable and similar expenses | 5 | 67 |  | - |  |

PROFIT BEFORE TAXATION | 318,694 |  | 169,388 |  |

Tax on profit | 6 | 93,719 |  | 51,610 |  |

PROFIT FOR THE FINANCIAL YEAR | 224,975 |  | 117,778 |  |

CARGOCARE GLOBAL LIMITED (REGISTERED NUMBER: 09070169)

OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

PROFIT FOR THE YEAR | 224,975 |  | 117,778 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 224,975 |  | 117,778 |  |

CARGOCARE GLOBAL LIMITED (REGISTERED NUMBER: 09070169)

BALANCE SHEET

30 SEPTEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 7 | 34,898 |  | 37,668 |  |

CURRENT ASSETS

Debtors | 8 | 4,436,040 |  | 4,209,497 |  |

Cash at bank | 1,004,518 |  | 919,256 |  |

5,440,558 |  | 5,128,753 |  |

CREDITORS

Amounts falling due within one year | 9 | 4,431,971 |  | 4,545,399 |  |

NET CURRENT ASSETS | 1,008,587 |  | 583,354 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,043,485 |  | 621,022 |  |

PROVISIONS FOR LIABILITIES | 11 | 8,724 |  | 9,416 |  |

NET ASSETS | 1,034,761 |  | 611,606 |  |

CAPITAL AND RESERVES

Called up share capital | 12 | 1,300 |  | 1,000 |  |

Share premium | 13 | 197,880 |  | - |  |

Retained earnings | 13 | 835,581 |  | 610,606 |  |

SHAREHOLDERS' FUNDS | 1,034,761 |  | 611,606 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 30 March 2026 and were signed on its behalf by:

Mrs L K P Foy - Director

CARGOCARE GLOBAL LIMITED (REGISTERED NUMBER: 09070169)

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| Called up |

| share |  | Retained |  | Share |  | Total

| capital |  | earnings |  | premium |  | equity

£ | £ | £ | £ |

Balance at 1 October 2023 | 1,000 |  | 492,828 |  | - |  | 493,828 |  |

Changes in equity

Total comprehensive income | - |  | 117,778 |  | - |  | 117,778 |  |

Balance at 30 September 2024 | 1,000 |  | 610,606 |  | - |  | 611,606 |  |

Changes in equity

Issue of share capital | 300 |  | - |  | 197,880 |  | 198,180 |  |

Total comprehensive income | - |  | 224,975 |  | - |  | 224,975 |  |

Balance at 30 September 2025 | 1,300 |  | 835,581 |  | 197,880 |  | 1,034,761 |  |

CARGOCARE GLOBAL LIMITED (REGISTERED NUMBER: 09070169)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. | STATUTORY INFORMATION

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

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

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Financial Reporting Standard 102 - reduced disclosure exemptions

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

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

| • | the requirement of paragraph 33.7.

| The consolidated financial statements of the parent company, Cargocare Limited can be obtained from The Register of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ,

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| Fixtures and fittings | - | 33% on cost

| Computer equipment | - | 33% on cost

| Taxation

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

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

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

| Deferred tax

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

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

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

CARGOCARE GLOBAL LIMITED (REGISTERED NUMBER: 09070169)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

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

| Pension costs and other post-retirement benefits

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

3. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 1,889,287 |  | 1,594,628 |  |

| Social security costs | 208,790 |  | 157,587 |  |

| Other pension costs | 57,410 |  | 90,270 |  |

2,155,487 |  | 1,842,485 |  |

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

| 2025 |  | 2024

| Admin | 48 |  | 44 |  |

| Directors | 4 |  | 4 |  |

52 |  | 48 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 310,874 |  | 291,525 |  |

| Directors' pension contributions to money purchase schemes | 10,388 |  | 61,517 |  |

| Information regarding the highest paid director is as follows:

| 2025 |  | 2024

£ | £ |

| Emoluments etc | 103,600 |  | 100,450 |  |

| Pension contributions to money purchase schemes | 2,400 |  | 3,874 |  |

4. | OPERATING PROFIT

| The operating profit is stated after charging:

| 2025 |  | 2024

£ | £ |

| Other operating leases | 32,710 |  | 52,819 |  |

| Depreciation - owned assets | 22,666 |  | 17,738 |  |

| Auditors' remuneration | 10,200 |  | 23,420 |  |

| Foreign exchange differences | 8,601 |  | 22,942 |  |

CARGOCARE GLOBAL LIMITED (REGISTERED NUMBER: 09070169)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

5. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| HMRC Interest | 67 |  | - |  |

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 | 94,411 |  | 42,194 |  |

| Deferred tax | (692 | ) | 9,416 |  |

| Tax on profit | 93,719 |  | 51,610 |  |

| 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 | 318,694 |  | 169,388 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 79,674 |  | 42,347 |  |

| Effects of:

| Expenses not deductible for tax purposes | 14,044 |  | - |  |

| Capital allowances in excess of depreciation | - |  | (153 | ) |

| Depreciation in excess of capital allowances | 693 |  | - |  |

| Deferred tax | (692 | ) | 9,416 |  |

| Total tax charge | 93,719 |  | 51,610 |  |

CARGOCARE GLOBAL LIMITED (REGISTERED NUMBER: 09070169)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

7. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 October 2024 | 862 |  | 79,325 |  | 80,187 |  |

| Additions | 11,839 |  | 8,057 |  | 19,896 |  |

| At 30 September 2025 | 12,701 |  | 87,382 |  | 100,083 |  |

| DEPRECIATION

| At 1 October 2024 | 598 |  | 41,921 |  | 42,519 |  |

| Charge for year | 2,612 |  | 20,054 |  | 22,666 |  |

| At 30 September 2025 | 3,210 |  | 61,975 |  | 65,185 |  |

| NET BOOK VALUE

| At 30 September 2025 | 9,491 |  | 25,407 |  | 34,898 |  |

| At 30 September 2024 | 264 |  | 37,404 |  | 37,668 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 4,064,381 |  | 4,155,784 |  |

| Other debtors | 199,180 |  | - |  |

| Deposits | 5,060 |  | 3,710 |  |

| VAT | 149,621 |  | 30,353 |  |

| Prepayments and accrued income | 17,798 |  | 19,650 |  |

4,436,040 |  | 4,209,497 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 4,063,280 |  | 3,954,996 |  |

| Amounts owed to group undertakings | - |  | 302,000 |  |

| Tax | 68,605 |  | 39,194 |  |

| Social security and other taxes | 31,616 |  | 37,895 |  |

| Pension control | 10,138 |  | 29,153 |  |

| Accrued expenses | 258,332 |  | 182,161 |  |

4,431,971 |  | 4,545,399 |  |

CARGOCARE GLOBAL LIMITED (REGISTERED NUMBER: 09070169)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

10. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 4,200 |  | 18,510 |  |

| Between one and five years | - |  | 4,200 |  |

4,200 |  | 22,710 |  |

11. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 8,724 |  | 9,416 |  |

| Deferred |

| tax |

£ |

| Balance at 1 October 2024 | 9,416 |  |

| Provided during year | (692 | ) |

| Balance at 30 September 2025 | 8,724 |  |

12. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

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

| 3,000 | Growth Shares | 0.01 | 300 |  | - |  |

1,300 |  | 1,000 |  |

| 3,000 Growth Shares shares of 0.01 each were allotted as fully paid at a premium of £66.05 per share during the year.

13. | RESERVES

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 1 October 2024 | 610,606 |  | - |  | 610,606 |  |

| Profit for the year | 224,975 |  | 224,975 |  |

| Cash share issue | - |  | 197,880 |  | 197,880 |  |

| At 30 September 2025 | 835,581 |  | 197,880 |  | 1,033,461 |  |