IRIS Accounts Production v25.4.0.155 01671463 Board of Directors 1.10.24 30.9.25 30.9.25 Medium entities freight forwarding agents for client companies. true false true true false false true true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 01671463 2024-09-30 01671463 2025-09-30 01671463 2024-10-01 2025-09-30 01671463 2023-09-30 01671463 2023-10-01 2024-09-30 01671463 2024-09-30 01671463 ns15:EnglandWales 2024-10-01 2025-09-30 01671463 ns14:PoundSterling 2024-10-01 2025-09-30 01671463 ns10:Director1 2024-10-01 2025-09-30 01671463 ns10:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 01671463 ns10:MediumEntities 2024-10-01 2025-09-30 01671463 ns10:Audited 2024-10-01 2025-09-30 01671463 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-10-01 2025-09-30 01671463 ns10:Medium-sizedCompaniesRegimeForAccounts 2024-10-01 2025-09-30 01671463 ns10:FullAccounts 2024-10-01 2025-09-30 01671463 ns10:OrdinaryShareClass1 2024-10-01 2025-09-30 01671463 ns10:OrdinaryShareClass2 2024-10-01 2025-09-30 01671463 ns10:Director2 2024-10-01 2025-09-30 01671463 ns10:Director3 2024-10-01 2025-09-30 01671463 ns10:Director4 2024-10-01 2025-09-30 01671463 ns10:RegisteredOffice 2024-10-01 2025-09-30 01671463 ns5:CurrentFinancialInstruments 2025-09-30 01671463 ns5:CurrentFinancialInstruments 2024-09-30 01671463 ns5:ShareCapital 2025-09-30 01671463 ns5:ShareCapital 2024-09-30 01671463 ns5:RetainedEarningsAccumulatedLosses 2025-09-30 01671463 ns5:RetainedEarningsAccumulatedLosses 2024-09-30 01671463 ns5:ShareCapital 2023-09-30 01671463 ns5:RetainedEarningsAccumulatedLosses 2023-09-30 01671463 ns5:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 01671463 ns5:RetainedEarningsAccumulatedLosses 2024-10-01 2025-09-30 01671463 ns5:FurnitureFittings 2024-10-01 2025-09-30 01671463 ns5:ComputerEquipment 2024-10-01 2025-09-30 01671463 ns5:OwnedAssets 2024-10-01 2025-09-30 01671463 ns5:OwnedAssets 2023-10-01 2024-09-30 01671463 ns10:OrdinaryShareClass2 2023-10-01 2024-09-30 01671463 ns5:LandBuildings 2024-09-30 01671463 ns5:FurnitureFittings 2024-09-30 01671463 ns5:ComputerEquipment 2024-09-30 01671463 ns5:LandBuildings 2024-10-01 2025-09-30 01671463 ns5:LandBuildings 2025-09-30 01671463 ns5:FurnitureFittings 2025-09-30 01671463 ns5:ComputerEquipment 2025-09-30 01671463 ns5:LandBuildings 2024-09-30 01671463 ns5:FurnitureFittings 2024-09-30 01671463 ns5:ComputerEquipment 2024-09-30 01671463 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-09-30 01671463 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-09-30 01671463 ns5:WithinOneYear 2025-09-30 01671463 ns5:WithinOneYear 2024-09-30 01671463 ns5:BetweenOneFiveYears 2025-09-30 01671463 ns5:BetweenOneFiveYears 2024-09-30 01671463 ns5:AllPeriods 2025-09-30 01671463 ns5:AllPeriods 2024-09-30 01671463 ns5:DeferredTaxation 2024-09-30 01671463 ns5:DeferredTaxation 2024-10-01 2025-09-30 01671463 ns5:DeferredTaxation 2025-09-30 01671463 ns10:OrdinaryShareClass1 2025-09-30 01671463 ns10:OrdinaryShareClass2 2025-09-30 01671463 ns5:RetainedEarningsAccumulatedLosses 2024-09-30

REGISTERED NUMBER: 01671463 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

RBF CARGOCARE LTD

RBF CARGOCARE LTD (REGISTERED NUMBER: 01671463)

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 | 6 |

Income Statement | 10 |

Other Comprehensive Income | 11 |

Balance Sheet | 12 |

Statement of Changes in Equity | 13 |

Notes to the Financial Statements | 14 |

RBF CARGOCARE LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| DIRECTORS: | J D Beech

| Mrs L K P Foy

| A Tomlinson

| M D Havard

| REGISTERED OFFICE: | 67 Newland Street

| Witham

| Essex

| CM8 1AA

| REGISTERED NUMBER: | 01671463 (England and Wales)

| AUDITORS: | Granite Morgan Smith Ltd

| Chartered Certified Accountants and

| Statutory Auditors

| 122 Feering Hill

| Feering

| Colchester

| Essex

| CO5 9PY

RBF CARGOCARE LTD (REGISTERED NUMBER: 01671463)

STRATEGIC REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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

PRINCIPLE ACTIVITY

Financial year ended September 2025 saw the second full year of RBF Cargocare operating purely as a customs brokerage business with the associated higher gross margins. In addition RBF provided trading services in the year, financing product purchases on behalf of a small number of clients. Turnover increased but margins on the trading business were lower than the traditional customs brokerage element.

REVIEW OF BUSINESS AND KEY FINANCIAL INDICATORS

The companies main financial indicators are revenue, gross profit and profit before tax. Financial Year 2025 saw revenues grow 7.5% year on year to £8.247m (2024 - £7.67m) reflecting the trading related revenues. Correspondingly purchase costs increased 7.3% to £4.67m (2024 - £4.35m). Gross margins remained in line with prior year at 43% representing improvements in the core brokerage business profitability.

The company delivered a large dividend to the parent company supporting acquisition developments but maintains a strong balance sheet with net assets of £5.02m at 30th September 2025 (2024 - £5.39m)

PRINCIPAL RISKS AND UNCERTAINTIES

Liquidity risk

The company continues to operate a strong, net cash positive position. The company maintains focus on credit account management and adopts 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 and Euros. Pricing and payments are generally on monthly terms meaning very low medium or long-term exposure to exchange rate fluctuations. 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 contract, fixed term pricing with any associated direct costs other than salary and overheads being back-to-back charged with supplier costs. As such the exposure to pricing risk in a fluid market is relatively low.

External Market factors

Market uncertainties continue to be strong influences in business trading. BREXIT and the continued uncertainty over Technical Barriers to Trade, particularly in the Sanitary / Phytosanitary products RBF is principally involved in, impact market confidence and can severely impact working requirements. However, the food and ingredients sector remains relatively stable through economic cycles and the Directors remain confident this will continue.

FUTURE DEVELOPMENTS

RBF continues to invest heavily in systems and automation, as well as staff development. The business will maintain its focus on Customs Brokerage and it's niche in Sanitary and Phytosanitary controlled goods in both fresh, chilled and frozen sectors.

RBF CARGOCARE LTD (REGISTERED NUMBER: 01671463)

STRATEGIC REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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.

RBF 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

RBF CARGOCARE LTD (REGISTERED NUMBER: 01671463)

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

An interim dividend of £3,000 per share on the Ordinary B £1 shares was paid on . The directors recommend that no final dividend be paid on these shares.

No interim dividend was paid on the Ordinary A £1 shares. The directors recommend that no final dividend be paid on these shares.

The total distribution of dividends for the year ended 30 September 2025 will be £ 1,500,000 .

DIRECTORS

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

J D Beech

Mrs L K P Foy

A Tomlinson

M D Havard

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.

RBF CARGOCARE LTD (REGISTERED NUMBER: 01671463)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

AUDITORS

The auditors, Granite Morgan Smith Ltd, 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

RBF CARGOCARE LTD

Opinion

We have audited the financial statements of RBF Cargocare Ltd (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

RBF CARGOCARE LTD

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

RBF CARGOCARE 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:

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

RBF CARGOCARE LTD

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 Granite Morgan Smith Ltd

Chartered Certified Accountants and

Statutory Auditors

122 Feering Hill

Feering

Colchester

Essex

CO5 9PY

30 March 2026

RBF CARGOCARE LTD (REGISTERED NUMBER: 01671463)

INCOME STATEMENT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 3 | 8,247,866 |  | 7,673,484 |  |

Cost of sales | 4,677,326 |  | 4,359,600 |  |

GROSS PROFIT | 3,570,540 |  | 3,313,884 |  |

Administrative expenses | 2,163,638 |  | 2,048,518 |  |

OPERATING PROFIT | 5 | 1,406,902 |  | 1,265,366 |  |

Interest receivable and similar income | 110,978 |  | 91,711 |  |

1,517,880 |  | 1,357,077 |  |

Interest payable and similar expenses | 6 | - |  | 53 |  |

PROFIT BEFORE TAXATION | 1,517,880 |  | 1,357,024 |  |

Tax on profit | 7 | 385,041 |  | 344,561 |  |

PROFIT FOR THE FINANCIAL YEAR | 1,132,839 |  | 1,012,463 |  |

RBF CARGOCARE LTD (REGISTERED NUMBER: 01671463)

OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

PROFIT FOR THE YEAR | 1,132,839 |  | 1,012,463 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,132,839 |  | 1,012,463 |  |

RBF CARGOCARE LTD (REGISTERED NUMBER: 01671463)

BALANCE SHEET

30 SEPTEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 9 | 381,236 |  | 385,138 |  |

CURRENT ASSETS

Debtors | 10 | 2,058,220 |  | 2,520,573 |  |

Cash at bank | 4,489,881 |  | 4,800,775 |  |

6,548,101 |  | 7,321,348 |  |

CREDITORS

Amounts falling due within one year | 11 | 1,902,077 |  | 2,311,324 |  |

NET CURRENT ASSETS | 4,646,024 |  | 5,010,024 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,027,260 |  | 5,395,162 |  |

PROVISIONS FOR LIABILITIES | 13 | 3,655 |  | 4,396 |  |

NET ASSETS | 5,023,605 |  | 5,390,766 |  |

CAPITAL AND RESERVES

Called up share capital | 14 | 100 |  | 100 |  |

Retained earnings | 15 | 5,023,505 |  | 5,390,666 |  |

SHAREHOLDERS' FUNDS | 5,023,605 |  | 5,390,766 |  |

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

RBF CARGOCARE LTD (REGISTERED NUMBER: 01671463)

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 October 2023 | 100 |  | 4,638,203 |  | 4,638,303 |  |

Changes in equity

Dividends | - |  | (260,000 | ) | (260,000 | ) |

Total comprehensive income | - |  | 1,012,463 |  | 1,012,463 |  |

Balance at 30 September 2024 | 100 |  | 5,390,666 |  | 5,390,766 |  |

Changes in equity

Dividends | - |  | (1,500,000 | ) | (1,500,000 | ) |

Total comprehensive income | - |  | 1,132,839 |  | 1,132,839 |  |

Balance at 30 September 2025 | 100 |  | 5,023,505 |  | 5,023,605 |  |

RBF CARGOCARE LTD (REGISTERED NUMBER: 01671463)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. | STATUTORY INFORMATION

| RBF Cargocare 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 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.

| Turnover

| Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

| 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 | - | 20% 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.

| 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 to the profit and loss account.

RBF CARGOCARE LTD (REGISTERED NUMBER: 01671463)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Leasing commitments

| Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

| Pensions

| The company operates a money purchase (defined contribution) pension scheme. Contributions payable to this scheme are charged to the profit and loss account in the period to which they relate. These contributions are invested separately to the company's assets.

| Accruals

| The company has written back un-invoiced accruals over a year old to the profit and loss account.

3. | TURNOVER

| In the year to 30 September 2025 35% (2024 - 30.60%) of the company's turnover was to markets outside the United Kingdom.

4. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 1,245,163 |  | 1,234,320 |  |

| Social security costs | 140,949 |  | 112,523 |  |

| Other pension costs | 38,478 |  | 78,770 |  |

1,424,590 |  | 1,425,613 |  |

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

| 2025 |  | 2024

| Admin | 36 |  | 37 |  |

| Directors | 4 |  | 4 |  |

40 |  | 41 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 95,900 |  | 90,881 |  |

| Directors' pension contributions to money purchase schemes | 5,415 |  | 55,415 |  |

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

| Money purchase schemes | 2 |  | 2 |  |

RBF CARGOCARE LTD (REGISTERED NUMBER: 01671463)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

5. | OPERATING PROFIT

| The operating profit is stated after charging:

| 2025 |  | 2024

£ | £ |

| Other operating leases | 109,090 |  | 79,969 |  |

| Depreciation - owned assets | 18,188 |  | 32,055 |  |

| Loss on disposal of fixed assets | 1,551 |  | - |  |

| Auditors' remuneration | 9,950 |  | 6,500 |  |

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank interest | - |  | 53 |  |

7. | 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 | 385,782 |  | 349,836 |  |

| Deferred tax | (741 | ) | (5,275 | ) |

| Tax on profit | 385,041 |  | 344,561 |  |

| 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 | 1,517,880 |  | 1,357,024 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 379,470 |  | 339,256 |  |

| Effects of:

| Expenses not deductible for tax purposes | 6,104 |  | 3,639 |  |

| Depreciation in excess of capital allowances | 208 |  | 6,941 |  |

| Deferred tax | (741 | ) | (5,275 | ) |

| Total tax charge | 385,041 |  | 344,561 |  |

RBF CARGOCARE LTD (REGISTERED NUMBER: 01671463)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

8. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary B shares of £1 each

| Interim | 1,500,000 |  | 260,000 |  |

9. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | and |  | Computer |

| property |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 October 2024 | 360,500 |  | 50,348 |  | 277,379 |  | 688,227 |  |

| Additions | - |  | 329 |  | 16,758 |  | 17,087 |  |

| Disposals | - |  | (6,660 | ) | - |  | (6,660 | ) |

| At 30 September 2025 | 360,500 |  | 44,017 |  | 294,137 |  | 698,654 |  |

| DEPRECIATION

| At 1 October 2024 | - |  | 39,473 |  | 263,616 |  | 303,089 |  |

| Charge for year | - |  | 3,714 |  | 14,474 |  | 18,188 |  |

| Eliminated on disposal | - |  | (3,859 | ) | - |  | (3,859 | ) |

| At 30 September 2025 | - |  | 39,328 |  | 278,090 |  | 317,418 |  |

| NET BOOK VALUE

| At 30 September 2025 | 360,500 |  | 4,689 |  | 16,047 |  | 381,236 |  |

| At 30 September 2024 | 360,500 |  | 10,875 |  | 13,763 |  | 385,138 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 1,395,886 |  | 1,821,611 |  |

| Bad debt provision | (602 | ) | (15,567 | ) |

| Amounts owed by group undertakings | 603,400 |  | 589,400 |  |

| Other debtors | 10,000 |  | 10,000 |  |

| Rent deposit | 6,942 |  | 6,942 |  |

| VAT | 16,998 |  | 80,548 |  |

| Prepayments | 25,596 |  | 27,639 |  |

2,058,220 |  | 2,520,573 |  |

RBF CARGOCARE LTD (REGISTERED NUMBER: 01671463)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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

2025 | 2024 |

£ | £ |

| Trade creditors | 687,758 |  | 1,093,638 |  |

| Tax | 257,657 |  | 217,836 |  |

| Social security and other taxes | 40,410 |  | 26,923 |  |

| Pension control | 8,785 |  | 27,183 |  |

| Accrued expenses | 907,467 |  | 945,744 |  |

1,902,077 |  | 2,311,324 |  |

12. | LEASING AGREEMENTS

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

2025 | 2024 |

£ | £ |

| Within one year | 43,254 |  | 71,267 |  |

| Between one and five years | 9,500 |  | 38,338 |  |

52,754 |  | 109,605 |  |

13. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 3,655 |  | 4,396 |  |

| Deferred |

| tax |

£ |

| Balance at 1 October 2024 | 4,396 |  |

| Provided during year | (741 | ) |

| Balance at 30 September 2025 | 3,655 |  |

14. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 50 | Ordinary A | £1 | 50 |  | 50 |  |

| 50 | Ordinary B | £1 | 50 |  | 50 |  |

100 |  | 100 |  |

RBF CARGOCARE LTD (REGISTERED NUMBER: 01671463)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

15. | RESERVES

| Retained

| earnings

£ |

| At 1 October 2024 | 5,390,666 |  |

| Profit for the year | 1,132,839 |  |

| Dividends | (1,500,000 | ) |

| At 30 September 2025 | 5,023,505 |  |