REGISTERED NUMBER: 10410644 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

2XL UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms C De Dijcker

ECS Logistics Group BV

REGISTERED OFFICE:

First Floor, Merit House

Saxon Way

Priory Park West

Hessle

East Yorkshire

HU13 9PB

REGISTERED NUMBER:

10410644 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

8th Floor, Becket House

36 Old Jewry

London

EC2R 8DD

BANKERS:

KBC Bank NV

Havenlaan 2

1080 Brussels

Belgium

FIXED ASSETS

Intangible assets

4

-

26,570

Tangible assets

5

3,778,111

3,403,820

3,778,111

3,430,390

CURRENT ASSETS

Debtors

6

2,581,216

1,902,919

Cash at bank

193,350

166,137

2,774,566

2,069,056

CREDITORS

Amounts falling due within one year

7

2,046,944

1,554,755

NET CURRENT ASSETS

727,622

514,301

TOTAL ASSETS LESS CURRENT LIABILITIES

4,505,733

3,944,691

CREDITORS

Amounts falling due after more than one year

8

(1,975,986

)

(1,716,447

)

PROVISIONS FOR LIABILITIES

(224,951

)

(148,280

)

NET ASSETS

2,304,796

2,079,964

CAPITAL AND RESERVES

Called up share capital

1,550,000

1,550,000

Retained earnings

754,796

529,964

2,304,796

2,079,964

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 May 2026 and were signed on its behalf by:

Ms C De Dijcker - Director

1.	STATUTORY INFORMATION

2XL UK 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Significant judgements and estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Turnover

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

Intangible assets

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Computer software - 5 Years

Tangible fixed assets

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

Plant and machinery - 12.5% on reducing balance

Fixtures and fittings - 20% on reducing balance

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 currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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.

Going concern

The company is dependent on the continued operational and financial support of its immediate parent company ECS Corporate NV, who have agreed to provide such support to enable the company to continue to trade and to meet its third party liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements. Accordingly, the financial statements have been prepared on the going concern basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of

business from suppliers. Accounts payable are classified as current liabilities if the Company does not have a

unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

and 31 December 2025

132,847

AMORTISATION

At 1 January 2025

106,277

Charge for year

26,570

At 31 December 2025

132,847

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

26,570

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

5,767,041

Additions

1,006,499

Disposals

(219,059

)

At 31 December 2025

6,554,481

DEPRECIATION

At 1 January 2025

2,363,221

Charge for year

520,733

Eliminated on disposal

(107,584

)

At 31 December 2025

2,776,370

NET BOOK VALUE

At 31 December 2025

3,778,111

At 31 December 2024

3,403,820

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

1,283,741

516,776

Amounts owed by group undertakings

1,257,492

1,348,328

Other debtors

39,983

37,815

2,581,216

1,902,919

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

824,685

171,664

Amounts owed to group undertakings

653,919

812,043

Taxation and social security

164,641

88,844

Other creditors

403,699

482,204

2,046,944

1,554,755

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Amounts owed to group undertakings

1,975,986

1,716,447

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Stothard FCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

10.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the balance sheet is £13,500 (2024 - £9,625)

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption in FRS 102 section 1A, appendix C, paragraph 1AC.35, from disclosing transactions with other members of the group.

12.	ULTIMATE CONTROLLING PARTY

The Company's immediate parent is ECS Corporate NV, incorporated in Belgium.

The ultimate parent is ECS Logistics Group BV, incorporated in Belgium.

These financial statements are available upon request from its registered office which is Baron de Maerelaan 155, 8380 Brugge, Belgium. The results for 2XL UK Limited will be included in the consolidated financial statements of ECS Logistics Group BV.

The ultimate controlling party is ECS Logistics Group BV.