B. C. A. Group Limited and Subsidiaries Group accounts (Group and Company)

COMPANY REGISTRATION NUMBER: 1568949

B. C. A. GROUP LIMITED AND SUBSIDIARIES

FINANCIAL STATEMENTS

31 August 2025

B. C. A. GROUP LIMITED AND SUBSIDIARIES

FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2025

CONTENTS	PAGE

Officers and professional advisers	1

Strategic report	2

Directors' report	4

Independent auditor's report to the members	6

Consolidated statement of comprehensive income	10

Consolidated statement of financial position	11

Company statement of financial position	12

Consolidated statement of changes in equity	13

Company statement of changes in equity	14

Consolidated statement of cash flows	15

Notes to the financial statements	17

B. C. A. GROUP LIMITED AND SUBSIDIARIES

OFFICERS AND PROFESSIONAL ADVISERS

THE BOARD OF DIRECTORS	W J M Batist
	T Batist
	A Slater

COMPANY SECRETARY	T Batist

REGISTERED OFFICE	Unit H9
	Premier Way
	Lowfields Business Park
	Elland
	West Yorkshire
	HX5 9HF

AUDITOR	Streets Audit LLP
	Chartered accountants & statutory auditor
	Tower House
	Lucy Tower Street
	Lincoln
	LN1 1XW

BANKERS	Virgin Money
	7 Waterhouse Street
	Halifax
	West Yorkshire
	HX1 1XZ

B. C. A. GROUP LIMITED AND SUBSIDIARIES

STRATEGIC REPORT

YEAR ENDED 31 AUGUST 2025

The directors present their strategic report on the group for the year ended 31 August 2025.

PRINCIPAL ACTIVITIES AND BUSINESS REVIEW

The company's principal activity has continued to be the provision of administrative and managerial services and property management to its subsidiaries. The principal activities of the subsidiaries have been: BCA Leisure Ltd - Caravan accessory manufacturers and distributors Pennine Leisure Supplies Ltd - Suppliers of caravan accessories and parts W B Nord Ltd - Import and distribution of caravan components Mytholmroyd Electronics Company Ltd - Dormant Powerpart Limited - Dormant BCA Motion Ltd - Dormant (Expansion brand) Leisure Glow Limited - Dormant (Expansion brand ) The overall group saw a reduction in revenue of 12% to £16.6m. This was mainly due to the pressures on the manufacturing arm of the group as demand fell across that sector. Gross margin was maintained around 34% which is considered satisfactory. Overheads are continually monitored to keep them under control. Legislated changes around the National Living Wage continue to impact overheads with base payroll costs rising a further 4.1% for the 2026/27 tax year. On top of this, the freezing of NI thresholds and the increasing of the SSP rate for employees unable to work will mean the burden on employers continues to rise. Net profit before taxation increased over the previous year due to increases in the value of property owned by the group and the reversal of a provision which was no longer required. Without these, net profit before taxation would have been in line with the previous year. Our main focus continues to be on managing cost pressures as global instability continues to be a factor. Sterling remains relatively weak against global currencies but has started to stabilise. We continue to monitor our stock holding and strengthening our supplier relationships to ensure that we can supply to our customers on time and in full for their production demand to be met. The balance sheet position showed shareholders' funds of £15.8 million reflects continued growth in our asset base, securing the future and allowing for our current investment strategy to be realised.

FUTURE DEVELOPMENTS

We are focussing on growth across a number of related and emerging sectors and are developing new and innovative products to suit the needs of our customers. Partnerships with suppliers in other sectors will enable us to offer customers a much wider range of products quickly and competitively to complement our existing ranges.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors regularly review the risks facing the company and the actions taken to address these risks. The main challenges facing the business currently are the uncertainties in global markets caused by conflict and US tariff challenges. The global price of copper, a key component in many of our products continues its upward trend as demand has rapidly increased with the drive towards electric vehicles and the need to connect renewable infrastructure often located in remote areas. At the close of our financial year, the price was hovering just under $10,000/tonne but as of early 2026 this is closer to to $13,000/tonne. More recently, the US led war on Iraq has created a surge in the price of oil which will be seen throughout the supply chain. Whilst we continue to work with our supply chain partners to mitigate the effects of this, it will undoubtedly have inflationary consequences across a wide range of industries during the coming year.

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

The group's principal financial instruments are cash and other financial assets and liabilities such as trade debtors and trade creditors, which arise directly from its operations. The main financial risk facing the group is exchange rates and uncertainty in world markets caused by global geo-political events. Secondary is customer credit risk, which is managed by credit control policies. Price risk, cash flow risk and liquidity risk have also been and will continue to be managed in a controlled manner reducing the overall exposure of the group

This report was approved by the board of directors on 28 April 2026 and signed on behalf of the board by:

W J M Batist

Director

Registered office:

Unit H9

Premier Way

Lowfields Business Park

Elland

West Yorkshire

HX5 9HF

B. C. A. GROUP LIMITED AND SUBSIDIARIES

DIRECTORS' REPORT

YEAR ENDED 31 AUGUST 2025

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

DIRECTORS

The directors who served the company during the year were as follows:

W J M Batist
T Batist
A Slater

DIVIDENDS

Particulars of recommended dividends are detailed in note 13 to the financial statements.

DISCLOSURE OF INFORMATION IN THE STRATEGIC REPORT

In accordance with section 414C(11) of the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 the company has chosen to set out in the company's strategic report information required by schedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008.

DIRECTORS' RESPONSIBILITIES STATEMENT

The directors are responsible for preparing the strategic report, directors' report 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 group and the company and the profit or loss of the group for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments 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. AUDITOR

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the group and the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the group and the company's auditor is aware of that information. The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

This report was approved by the board of directors on 28 April 2026 and signed on behalf of the board by:

W J M Batist

Director

Registered office:

Unit H9

Premier Way

Lowfields Business Park

Elland

West Yorkshire

HX5 9HF

B. C. A. GROUP LIMITED AND SUBSIDIARIES

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF B. C. A. GROUP LIMITED AND SUBSIDIARIES

YEAR ENDED 31 AUGUST 2025

OPINION

We have audited the financial statements of B. C. A. Group Limited and Subsidiaries (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 August 2025 which comprise the consolidated statement of comprehensive income, consolidated statement of financial position, company statement of financial position, consolidated statement of changes in equity, company statement of changes in equity, consolidated statement of cash flows and the related notes, 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 FRS 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's affairs as at 31 August 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; - 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 auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

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

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

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

OTHER INFORMATION

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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 directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or - the parent company financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

RESPONSIBILITIES OF DIRECTORS

As explained more fully in the directors' responsibilities statement, 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 is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

AUDITOR'S 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 an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: " The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations. " We identified the laws and regulations applicable to the group through discussions with the directors. " We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the group. " We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and " identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the group's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: " making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; " considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we: " performed analytical procedures to identify any unusual or unexpected relationships; " tested journal entries to identify unusual transactions; " investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: " agreeing financial statement disclosures to underlying supporting documentation; " enquiring of management as to actual and potential litigation and claims; " reviewing correspondence with relevant regulators. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. 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 auditor’s report. 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 an auditor's report 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.

SALLY SHACKLOCK FCA

(Senior Statutory Auditor)

For and on behalf of

Streets Audit LLP

Chartered accountants & statutory auditor

Tower House

Lucy Tower Street

Lincoln

LN1 1XW

28 April 2026

B. C. A. GROUP LIMITED AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

YEAR ENDED 31 AUGUST 2025

		2025	2024
			(restated)
Note		£	£
TURNOVER	4	16,614,039	18,919,766

Cost of sales	10,958,668	12,538,057
	---------------	---------------
GROSS PROFIT	5,655,371	6,381,709

Distribution costs		1,375,386	1,301,871
Administrative expenses		2,394,843	3,856,103
Other operating income	5	345,319	266,354
		-------------	-------------
OPERATING PROFIT	6	2,230,461	1,490,089

Other interest receivable and similar income	10	679	12,145
Interest payable and similar expenses	11	–	61,000
		-------------	-------------
PROFIT BEFORE TAXATION		2,231,140	1,441,234

Tax on profit	12	673,330	469,480
		-------------	-------------
PROFIT FOR THE FINANCIAL YEAR		1,557,810	971,754
		-------------	-------------

Actuarial gain/(loss)	–	( 30,000)
	-------------	----------
TOTAL COMPREHENSIVE INCOME FOR THE YEAR	1,557,810	941,754
	-------------	----------

All the activities of the group are from continuing operations.

B. C. A. GROUP LIMITED AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

31 August 2025

	2025		2024
		(restated)
Note	£		£

FIXED ASSETS

Tangible assets	14		8,181,940		8,083,757

CURRENT ASSETS

Stocks	16	6,297,336	7,088,312
Debtors	17	3,126,740	3,027,387
Cash at bank and in hand		2,993,570	2,095,110
		---------------	---------------
		12,417,646	12,210,809

CREDITORS: amounts falling due within one year	18	2,585,721		2,779,926
		---------------		---------------
NET CURRENT ASSETS			9,831,925		9,430,883
			---------------		---------------
TOTAL ASSETS LESS CURRENT LIABILITIES			18,013,865		17,514,640

PROVISIONS	19	2,166,039	4,826,494
		---------------	---------------
NET ASSETS		15,847,826	12,688,146
		---------------	---------------

CAPITAL AND RESERVES

Called up share capital	24	10,000	10,000
Revaluation reserve	25	1,097,090	697,090
Profit and loss account	25	14,740,736	11,981,056
		---------------	---------------
SHAREHOLDERS FUNDS		15,847,826	12,688,146
		---------------	---------------

These financial statements were approved by the board of directors and authorised for issue on 28 April 2026 , and are signed on behalf of the board by:

W J M Batist

Director

Company registration number: 1568949

B. C. A. GROUP LIMITED AND SUBSIDIARIES

COMPANY STATEMENT OF FINANCIAL POSITION

31 August 2025

	2025		2024
		(restated)
Note	£		£

FIXED ASSETS

Tangible assets	14	8,181,940	8,083,757
Investments	15	269,832	269,832
		-------------	-------------
		8,451,772	8,353,589

CURRENT ASSETS

Debtors	17	341,041	166,163
Cash at bank and in hand		1,955,648	925,087
		-------------	-------------
		2,296,689	1,091,250

CREDITORS: amounts falling due within one year	18	950,161		1,235,361
		-------------		-------------
NET CURRENT ASSETS/(LIABILITIES)			1,346,528		( 144,111)
			-------------		-------------
TOTAL ASSETS LESS CURRENT LIABILITIES			9,798,300		8,209,478

PROVISIONS	19	2,166,039	3,151,124
		-------------	-------------
NET ASSETS		7,632,261	5,058,354
		-------------	-------------

CAPITAL AND RESERVES

Called up share capital	24	10,000	10,000
Revaluation reserve	25	1,097,090	697,090
Profit and loss account	25	6,525,171	4,351,264
		-------------	-------------
SHAREHOLDERS FUNDS		7,632,261	5,058,354
		-------------	-------------

The profit for the financial year of the parent company was £ 2,647,407 (2024: £ 3,711,407 ).

These financial statements were approved by the board of directors and authorised for issue on 28 April 2026 , and are signed on behalf of the board by:

W J M Batist

Director

Company registration number: 1568949

B. C. A. GROUP LIMITED AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 31 AUGUST 2025

			Called up share capital	Revaluation reserve	Profit and loss account	Total
			£	£	£	£
AT 1 SEPTEMBER 2023			10,000	557,090	11,302,802	11,869,892

Profit for the year					971,754	971,754
Other comprehensive income for the year:
	Reclassification from revaluation reserve to profit and loss account		–	140,000	( 140,000)	–
	Actuarial gain/(loss)		–	–	( 30,000)	( 30,000)
			---------	----------	--------------	--------------
TOTAL COMPREHENSIVE INCOME FOR THE YEAR			–	140,000	801,754	941,754

Dividends paid and payable		13	–	–	( 123,500)	( 123,500)
			---------	----------	--------------	--------------
TOTAL INVESTMENTS BY AND DISTRIBUTIONS TO OWNERS			–	–	( 123,500)	( 123,500)

AT 31 AUGUST 2024			10,000	697,090	13,656,426	14,363,516

Profit for the year					1,557,810	1,557,810
Other comprehensive income for the year:
	Reclassification from revaluation reserve to profit and loss account		–	400,000	( 400,000)	–
			---------	----------	--------------	--------------
TOTAL COMPREHENSIVE INCOME FOR THE YEAR			–	400,000	1,157,810	1,557,810

Dividends paid and payable		13	–	–	( 73,500)	( 73,500)
			----	----	---------	---------
TOTAL INVESTMENTS BY AND DISTRIBUTIONS TO OWNERS			–	–	( 73,500)	( 73,500)

			---------	-------------	--------------	--------------
AT 31 AUGUST 2025			10,000	1,097,090	14,740,736	15,847,826
			---------	-------------	--------------	--------------

B. C. A. GROUP LIMITED AND SUBSIDIARIES

COMPANY STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 31 AUGUST 2025

			Called up share capital	Revaluation reserve	Profit and loss account	Total
			£	£	£	£
AT 1 SEPTEMBER 2023			10,000	557,090	933,357	1,500,447

Profit for the year					3,711,407	3,711,407
Other comprehensive income for the year:
	Reclassification from revaluation reserve to profit and loss account		–	140,000	( 140,000)	–
	Actuarial gain/(loss)		–	–	( 30,000)	( 30,000)
			---------	----------	-------------	-------------
TOTAL COMPREHENSIVE INCOME FOR THE YEAR			–	140,000	3,541,407	3,681,407

Dividends paid and payable		13	–	–	( 123,500)	( 123,500)
			---------	----------	-------------	-------------
TOTAL INVESTMENTS BY AND DISTRIBUTIONS TO OWNERS			–	–	( 123,500)	( 123,500)

AT 31 AUGUST 2024			10,000	697,090	4,351,264	5,058,354

Profit for the year					2,647,407	2,647,407
Other comprehensive income for the year:
	Reclassification from revaluation reserve to profit and loss account		–	400,000	( 400,000)	–
			---------	----------	-------------	-------------
TOTAL COMPREHENSIVE INCOME FOR THE YEAR			–	400,000	2,247,407	2,647,407

Dividends paid and payable		13	–	–	( 73,500)	( 73,500)
			----	----	---------	---------
TOTAL INVESTMENTS BY AND DISTRIBUTIONS TO OWNERS			–	–	( 73,500)	( 73,500)

			---------	-------------	-------------	-------------
AT 31 AUGUST 2025			10,000	1,097,090	6,525,171	7,632,261
			---------	-------------	-------------	-------------

B. C. A. GROUP LIMITED AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF CASH FLOWS

YEAR ENDED 31 AUGUST 2025

	2025	2024
		(restated)
	£	£

CASH FLOWS FROM OPERATING ACTIVITIES

Profit for the financial year	1,557,810	971,754

Adjustments for:
Depreciation of tangible assets	489,510	511,745
Fair value adjustment of investment property	( 400,000)	( 140,000)
Government grant income	( 4,392)	( 4,523)
Other interest receivable and similar income	( 679)	( 12,145)
Interest payable and similar expenses	–	61,000
Gains on disposal of tangible assets	( 2,255)	( 25,783)
Tax on profit	673,330	469,480
Accrued (income)/expenses	( 70,614)	98,159

Changes in:
Stocks	790,976	( 259,390)
Trade and other debtors	( 99,353)	90,871
Trade and other creditors	( 316,861)	( 883,818)
Provisions and employee benefits	( 2,811,619)	2,036,020
	-------------	-------------
Cash generated from operations	( 194,147)	2,913,370

Interest paid	–	( 61,000)
Interest received	679	12,145
Tax paid	( 204,374)	( 646,843)
	----------	-------------
Net cash (used in)/from operating activities	( 397,842)	2,217,672
	----------	-------------

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of tangible assets	( 257,076)	( 1,466,505)
Proceeds from sale of tangible assets	71,638	43,666
	----------	-------------
Net cash used in investing activities	( 185,438)	( 1,422,839)
	----------	-------------

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from borrowings	( 124,522)	( 108,724)
Government grant income	4,392	4,523
Dividends paid	( 73,500)	( 123,500)
	----------	-------------
Net cash used in financing activities	( 193,630)	( 227,701)
	----------	-------------

B. C. A. GROUP LIMITED AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF CASH FLOWS (continued)

YEAR ENDED 31 AUGUST 2025

	2025	2024
		(restated)
Note	£	£
NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS	( 776,910)	567,132
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	2,095,110	2,903,698
	-------------	-------------
CASH AND CASH EQUIVALENTS AT END OF YEAR	1,318,200	3,470,830
	-------------	-------------

B. C. A. GROUP LIMITED AND SUBSIDIARIES

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England. The address of the registered office is Unit H9, Premier Way, Lowfields Business Park, Elland, West Yorkshire, HX5 9HF.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented for the company. (c) No disclosure has been given for the aggregate remuneration of key management personnel.

Consolidation

The financial statements consolidate the financial statements of the company and all of its subsidiary undertakings. The parent company has applied the exemption contained in section 408 of the Companies Act 2006 and has not included its individual statement of comprehensive income.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any accounting estimates or assumptions that have a significant impact on the financial statements. Key judgements relate to the valuation of investment property and pension provision.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% & 16% on cost
Plant & machinery	-	25% reducing balance & 25% on cost
Fixtures & fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. No depreciation is provided on investment properties in accordance with the requirements of FRS 102 section 16. This represents a departure from the requirements of the Companies Act. The directors are satisfied that the financial statements present fairly the entity's financial position, financial performance and cashflow and that, except for the departure above, it has complied with applicable legislation.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Provisions

Provisions are recognised when the Company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation taking into account the risks and uncertainties surrounding the obligation.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Pensions defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Defined benefit plans

For a defined benefit scheme, the liability recorded in the balance sheet is the present value of the defined obligation at that date. The defined benefit obligation is calculated on an annual basis by independent actuaries.

Actuarial gains and losses are recognised in full in the period in which they occur and are shown in Other Comprehensive Income.

Current and past service costs, along with settlements or curtailments, are charged to the Income Statement. Interest on pension plan liabilities are recognised within finance expense.

4. TURNOVER

Turnover arises from:

	2025		2024
		(restated)
	£		£
Sale of goods	16,614,039		18,919,766
	---------------		---------------

The turnover is attributable to the one principal activity of the group. An analysis of turnover by the geographical markets that substantially differ from each other is given below:

	2025		2024
		(restated)
	£		£
United Kingdom	16,283,792		18,498,612
Overseas	330,247		421,154
	---------------		---------------
	16,614,039		18,919,766
	---------------		---------------

5. OTHER OPERATING INCOME

	2025		2024
		(restated)
	£		£
Rental income	315,952		239,192
Government grant income	4,392		4,523
Other operating income	24,975		22,639
	----------		----------
	345,319		266,354
	----------		----------

6. OPERATING PROFIT

Operating profit or loss is stated after charging/crediting:

	2025		2024
		(restated)
	£		£
Depreciation of tangible assets	489,510		511,745
Gains on disposal of tangible assets	( 2,255)		( 25,783)
Fair value adjustments to investment property	( 400,000)		( 140,000)
Impairment of trade debtors	11,085		13,271
Foreign exchange differences	458		( 280)
Foreign exchange differences	( 41,096)		( 53,179)
Operating lease payments	277,769		277,769
	----------		----------

7. AUDITOR'S REMUNERATION

	2025		2024
		(restated)
	£		£
Fees payable for the audit of the financial statements	40,109		35,500
	---------		---------

Fees payable to the company's auditor and its associates for other services:

Taxation advisory services	1,715	2,850
Other non-audit services	21,888	17,766
	---------	---------
	23,603	20,616
	---------	---------

8. STAFF COSTS

The average number of persons employed by the group during the year, including the directors, amounted to:

	2025	2024
	No.	No.
Production staff	70	92
Distribution staff	14	16
Administrative staff	15	13
Management staff	9	9
Sales staff	6	4
Technical staff	13	13
	----	----
	127	147
	----	----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025		2024
		(restated)
	£		£
Wages and salaries	4,155,653		5,000,692
Social security costs	336,136		310,936
Other pension costs	( 477,688)		79,272
	-------------		-------------
	4,014,101		5,390,900
	-------------		-------------

9. DIRECTORS' REMUNERATION

The directors' aggregate remuneration in respect of qualifying services was:

	2025		2024
		(restated)
	£		£
Remuneration	226,159		197,963
	----------		----------

The number of directors who accrued benefits under company pension plans was as follows:

	2025	2024
		(restated)
	No.	No.
Defined benefit plans	–	1
	----	----

Remuneration of the highest paid director in respect of qualifying services:

	2025		2024
		(restated)
	£		£
Aggregate remuneration	137,867		136,780
	----------		----------

10. OTHER INTEREST RECEIVABLE AND SIMILAR INCOME

	2025		2024
		(restated)
	£		£
Interest on loans and receivables	283		395
Interest on bank deposits	396		11,750
	----		---------
	679		12,145
	----		---------

11. INTEREST PAYABLE AND SIMILAR EXPENSES

	2025		2024
		(restated)
	£		£
Net finance costs in respect of defined benefit pension plans	–		61,000
	----		---------

12. TAX ON PROFIT

Major components of tax expense

2025		2024
	(restated)
£		£

Current tax:

UK current tax expense	522,166		473,530

Deferred tax:

Origination and reversal of timing differences	151,164	( 4,050)
	----------	----------
Tax on profit	673,330	469,480
	----------	----------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK of 50 % (2024: 25 %).

	2025		2024
		(restated)
	£		£
Profit on ordinary activities before taxation	2,231,140		1,441,234
	-------------		-------------
Profit on ordinary activities by rate of tax	557,785		435,221
Effect of expenses not deductible for tax purposes	( 92,389)		25,651
Effect of capital allowances and depreciation	207,934		12,658
Origination and reversal of timing differences	–		(4,050)
	-------------		-------------
Tax on profit	673,330		469,480
	-------------		-------------

13. DIVIDENDS

Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):

	2025	2024
		(restated)
	£	£
Equity dividends on A ordinary shares	31,500	49,000
Equity dividends on B ordinary shares	42,000	74,500
	---------	----------
	73,500	123,500
	---------	----------

14. TANGIBLE ASSETS

Group and company	Freehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost or valuation
At 1 September 2024 (as restated)	7,139,536	5,211,088	505,313	765,348	13,621,285
Additions	–	84,665	–	172,411	257,076
Disposals	–	–	–	( 196,904)	( 196,904)
Revaluations	400,000	–	–	–	400,000
	-------------	-------------	----------	----------	--------------
At 31 August 2025	7,539,536	5,295,753	505,313	740,855	14,081,457
	-------------	-------------	----------	----------	--------------
Depreciation
At 1 September 2024	514,908	4,298,572	346,141	377,907	5,537,528
Charge for the year	91,860	247,980	39,835	109,835	489,510
Disposals	–	–	–	( 127,521)	( 127,521)
	-------------	-------------	----------	----------	--------------
At 31 August 2025	606,768	4,546,552	385,976	360,221	5,899,517
	-------------	-------------	----------	----------	--------------
Carrying amount
At 31 August 2025	6,932,768	749,201	119,337	380,634	8,181,940
	-------------	-------------	----------	----------	--------------
At 31 August 2024	6,624,628	912,516	159,172	387,441	8,083,757
	-------------	-------------	----------	----------	--------------

The property owned by the company at Unit G9 Lock View, Lowfields Business Park, Elland was valued on 20 May 2025 by Frank Knight LLP, independent Chartered Surveyors, on a market value basis. The property has been valued by the directors at 31 August 2025 on the basis that this reflects the value of the property as at 31 August 2025.

15. INVESTMENTS

The group has no investments.

Company	Shares in group undertakings
	£
Cost
At 1 September 2024 as restated and 31 August 2025	1,114,635
	-------------
Impairment
At 1 September 2024 as restated and 31 August 2025	844,803
	-------------

Carrying amount
At 1 September 2024 and 31 August 2025	269,832
	-------------
At 31 August 2024	269,832
	-------------

Subsidiaries, associates and other investments

Details of the investments in which the parent company has an interest of 20% or more are as follows:

	Class of share	Percentage of shares held
Subsidiary undertakings
BCA Leisure Ltd	Ordinary	100
Pennine Leisure Supplies Ltd	Ordinary	100
W B Nord Ltd	Ordinary	100
Mytholmroyd Electronics Co. Ltd	Ordinary	100
Powerpart Ltd	Ordinary	100
BCA Motion Limited	Ordinary	100
Leisure Glow Limited	Ordinary	100

The registered office of all subsidiary undertakings is Unit H9, Premier Way, Lowfields Business Park, Elland, West Yorkshire, HX5 9HF . All subsidiary undertakings are included in the consolidated financial statements.

16. STOCKS

	Group		Company
	2025	2024	2025	2024
		(restated)	(restated)
	£	£	£	£
Raw materials and consumables	6,297,336	7,088,312	–	–
	-------------	-------------	----	----

17. DEBTORS

	Group		Company
	2025	2024	2025	2024
		(restated)	(restated)
	£	£	£	£
Trade debtors	2,142,951	2,427,834	1,300	8,400
Prepayments and accrued income	403,990	357,149	28,583	22,899
Corporation tax repayable	–	4,779	–	134,864
Other debtors	579,799	237,625	311,158	–
	-------------	-------------	----------	----------
	3,126,740	3,027,387	341,041	166,163
	-------------	-------------	----------	----------

18. CREDITORS: amounts falling due within one year

	Group		Company
	2025	2024	2025	2024
		(restated)	(restated)
	£	£	£	£
Trade creditors	741,315	822,018	16,042	17,108
Amounts owed to group undertakings	–	–	79,133	281,934
Accruals and deferred income	589,797	660,411	196,040	195,714
Corporation tax	317,792	–	234,034	–
Social security and other taxes	595,074	642,390	74,411	72,223
Director loan accounts	341,635	466,157	350,501	479,540
Other creditors	108	188,950	–	188,842
	-------------	-------------	----------	-------------
	2,585,721	2,779,926	950,161	1,235,361
	-------------	-------------	----------	-------------

19. PROVISIONS

Group and company	Deferred tax (note 20)	Pension scheme liability	Directors' Incentive Scheme	Total
	£	£	£	£
At 1 September 2024 (as restated)	262,754	1,213,000	1,675,370	3,151,124
Additions	151,164	–	76,751	227,915
Adjustment	–	( 1,213,000)	–	( 1,213,000)
	----------	-------------	-------------	-------------
At 31 August 2025	413,918	–	1,752,121	2,166,039
	----------	-------------	-------------	-------------

The group has entered into a directors incentive scheme to allow certain of its directors to share in the increased value of B.C.A. Group Limited and its subsidiaries (the group) over a period of ten years from 2018. Each of the participating directors will be entitled to receive, paid in cash at the end of that ten year period, a share of the increase in the value of the group.

20. DEFERRED TAX

The deferred tax included in the statement of financial position is as follows:

	Group		Company
	2025	2024	2025	2024
		(restated)	(restated)
	£	£	£	£
Included in provisions (note 19)	413,918	262,754	413,918	262,754
	----------	----------	----------	----------

The deferred tax account consists of the tax effect of timing differences in respect of:

	Group		Company
	2025	2024	2025	2024
		(restated)	(restated)
	£	£	£	£
Accelerated capital allowances	309,021	262,754	309,021	262,754
Fair value adjustment of investment property	104,897	–	104,897	–
	----------	----------	----------	----------
	413,918	262,754	413,918	262,754
	----------	----------	----------	----------

21. PENSION SCHEME LIABILITY

The company confirms that the pension obligations are no longer due and with HMRC approval reversed the original provision in the defined benefit scheme in respect of key employees.

The actuarial valuation of the obligation at 31 August 2024 was £1,213,000.

During the year the expense incurred was £nil (2024 - £61,000).

	2025	2024
	£	£
Present value of defined benefit scheme	–	1,213,000
	----	-------------

Movements in the present value of the defined benefit obligation were as follows:

	2025	2024
	£	£
At the beginning of the year	1,213,000	1,122,000
Interest cost	–	61,000
Actuarial losses/(profits)	–	30,000
Reversal of provision	(1,213,000)	–
	-------------	-------------
At the end of the year	–	1,213,000
	-------------	-------------

22. EMPLOYEE BENEFITS

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 75,312 (2024: £ 79,272 ).

23. GOVERNMENT GRANTS

The amounts recognised in the financial statements for government grants are as follows:

Group		Company
2025	2024	2025	2024
	(restated)	(restated)
£	£	£	£

Recognised in other operating income:

Government grants released to profit or loss	4,392	4,523	4,392	4,523
	-------	-------	-------	-------

24. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
			(restated)
	No.	£	No.	£
Ordinary A shares of £ 1 each	2,600	2,600	2,600	2,600
Ordinary B shares of £ 1 each	2,600	2,600	2,600	2,600
Ordinary C shares of £ 1 each	4,800	4,800	4,800	4,800
	---------	---------	---------	---------
	10,000	10,000	10,000	10,000
	---------	---------	---------	---------

Each share is entitled to one vote, dividend payments and to participate in any distribution arising from the winding up of the company. The Ordinary A, Ordinary B and Ordinary C shares rank pari pass except that dividends can be paid at variable rates on the different classes of shares and that the holder of the Ordinary A shares has a casting vote in relation to certain resolutions.

25. RESERVES

Revaluation reserve - This reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. Profit and loss account - This reserve records retained earnings and accumulated losses.

26. ANALYSIS OF CHANGES IN NET DEBT

	At 1 Sep 2024	Cash flows	At 31 Aug 2025
	£	£	£
Cash at bank and in hand	2,095,110	898,460	2,993,570
Debt due within one year	(466,157)	124,522	(341,635)
	-------------	-------------	-------------
	1,628,953	1,022,982	2,651,935
	-------------	-------------	-------------

B. C. A. GROUP LIMITED AND SUBSIDIARIES

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 AUGUST 2025

27. OPERATING LEASES

The total future minimum lease payments under non-cancellable operating leases are as follows:

	Group		Company
	2025	2024	2025	2024
		(restated)	(restated)
	£	£	£	£
Not later than 1 year	157,000	157,000	–	–
Later than 1 year and not later than 5 years	628,000	628,000	–	–
Later than 5 years	405,583	562,583	–	–
	-------------	-------------	----	----
	1,190,583	1,347,583	–	–
	-------------	-------------	----	----

28. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, some of the directors had an unsecured loans with the company which were in credit throughout the year. The loans are interest free and repayable on demand.

29. RELATED PARTY TRANSACTIONS

Group

During the year, BCA Leisure Limited and Pennine Leisure Supplies Limited sold goods to two companies which are controlled by the brother of a director of this company. The total sales for the year were £75,172 (2024: £98,460) and the total trade debtors balance as 31 August 2025 was £8,784 (2024: 10,987). During the year, BCA Leisure Limited and Pennine Leisure Supplies Limited sold goods to a company controlled by the daughter of a director of this company. The total sales for the year were £198,052 (2024: £202,652) and the total trade debtors balance as 31 August 2025 was £59,949 (2024: £50,097). During the year, W B Nord Limited purchased goods to two companies which are controlled by the brother of a director of this company. The total purchases for the year were £54,799 (2024: £85,270) and the total trade creditors balance as 31 August 2025 was £nil (2024: £10,893).

Company

At the year end the company was owed £311,158 (2024 - £202,652 owed to) to a company of which one of the directors of the company is also a director.