REGISTERED NUMBER: 05204047 (England and Wales)

REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

EUROFIXAUTO UK LIMITED

Page

Company Information

1

Report of the Directors

2

Report of the Independent Auditors

3

Profit and Loss Account

6

Balance Sheet

7

Statement of Changes in Equity

8

Notes to the Financial Statements

9

DIRECTORS:

I J Pugh

T W Scharnberg

REGISTERED OFFICE:

Lyndale House Ervington Court

Meridian Business Park

Leicester

LE19 1WL

REGISTERED NUMBER:

05204047 (England and Wales)

AUDITORS:

Magma Audit LLP (part of the Dains Group)

Chartered Accountants

Statutory Auditor

Unit 2, Charnwood Edge Business Park

Syston Road

Leicestershire

LE7 4UZ

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company during the year continued to be that of a franchisor of a network of body shops.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

I J Pugh

T W Scharnberg

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing 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 ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Magma Audit LLP (part of the Dains Group), will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

I J Pugh - Director

11 June 2026

Opinion

We have audited the financial statements of Eurofixauto UK Limited (the 'company') for the year ended 31 December 2025 which comprise the Profit and Loss Account, 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 31 December 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 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 Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Directors has 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in 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; or

-	the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, 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.

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:

Based on our understanding of the company and the industry, we have identified that the principal risks of

non-compliance with laws and regulations related to UK tax legislation and breaches with the General Data Protection

Regulation, and we have considered the extent to which non-compliance might have a material effect on the financial

statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as Companies Act 2006. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting inappropriate journal entries, and management bias in accounting estimates. Audit procedures performed included:

- Enquiries with management for consideration of known or suspected instances of non-compliance with laws and regulations and fraud; and

- Identifying and testing material journal entries, in particular those journal entries posted with unusual account combinations, journal entries crediting revenue, journal entries crediting cash and journal entries with specific defined descriptions.

There are inherent limitations in the audit procedures described above. The more removed non-compliance with laws and regulations is, from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by forgery or intentional misrepresentation, for example, or through 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 Report of the Auditors.

Use of our report

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

Luke Turner FCA FCCA (Senior Statutory Auditor)

for and on behalf of Magma Audit LLP (part of the Dains Group)

Chartered Accountants

Statutory Auditor

Unit 2, Charnwood Edge Business Park

Syston Road

Leicestershire

LE7 4UZ

11 June 2026

TURNOVER

9,700,035

8,962,789

Cost of sales

(6,712,871

)

(8,911,434

)

GROSS PROFIT

2,987,164

51,355

Administrative expenses

(2,382,791

)

(51,355

)

OPERATING PROFIT

604,373

-

Interest receivable and similar income

18,697

7,370

PROFIT BEFORE TAXATION

623,070

7,370

Tax on profit

(167,683

)

(1,641

)

PROFIT FOR THE FINANCIAL YEAR

455,387

5,729

FIXED ASSETS

Tangible assets

4

59,022

-

CURRENT ASSETS

Debtors

5

2,075,341

1,175,338

Cash at bank

1,180,578

284,667

3,255,919

1,460,005

CREDITORS

Amounts falling due within one year

6

(1,564,131

)

(1,274,412

)

NET CURRENT ASSETS

1,691,788

185,593

TOTAL ASSETS LESS CURRENT LIABILITIES

1,750,810

185,593

PROVISIONS FOR LIABILITIES

(10,430

)

-

NET ASSETS

1,740,380

185,593

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,739,380

184,593

1,740,380

185,593

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

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

I J Pugh - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

1,000

228,864

229,864

Changes in equity

Dividends

-

(50,000

)

(50,000

)

Total comprehensive income

-

5,729

5,729

Balance at 31 December 2024

1,000

184,593

185,593

Changes in equity

Dividends

-

(270,000

)

(270,000

)

Total comprehensive income

-

455,387

455,387

Dividend in specie received

-

1,369,400

1,369,400

Balance at 31 December 2025

1,000

1,739,380

1,740,380

1.	STATUTORY INFORMATION

Eurofixauto UK Limited is a private limited company, limited by shares, registered in England and Wales. Its registered office address is Lyndale House Ervington Court, Meridian Business Park, Leicester, LE19 1WL and the registered number is 05204047.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors believe that the company will remain profitable going forward and has sufficient resources to meet its liabilities for at least twelve months from signing these financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

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

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- The amount of turnover can be measured reliably;

- It is probable that the company will receive the consideration due under the contract;

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

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

Tangible fixed assets

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

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, the straight line method as detailed below.

Depreciation is provided on the following basis:

Improvements to property

-10% straight line

Plant and machinery

- 20% straight line

Fixtures and fittings

- 10-20% straight line

Motor vehicles

- 20% straight line

Computer equipment

- 33.3% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes as financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate.

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average monthly number of employees during the period was 57.

On 1 August 2025, as part of an internal group reorganisation, employees were transferred to the Company from its subsidiary undertaking, Manette Limited, following the hive-up of that entity’s trade and net assets.

The figure disclosed above represents the average number of employees engaged across both Manette Limited and the Company over the full 12-month period, reflecting the continuity of the underlying business following the transfer.

Accordingly, the current year disclosure is not directly comparable with the prior year, as employment costs and headcount were incurred in Manette Limited prior to 1 August 2025 and in the Company thereafter.

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

Additions

5,374

6,341

-

Disposals

-

(1,424

)

-

Additions - dividend in specie

28,900

26,867

17,210

At 31 December 2025

34,274

31,784

17,210

DEPRECIATION

Charge for year

414

2,299

-

Eliminated on disposal

-

(945

)

-

Depreciation on assets received

28,128

13,823

17,210

At 31 December 2025

28,542

15,177

17,210

NET BOOK VALUE

At 31 December 2025

5,732

16,607

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

Additions

-

20,439

32,154

Disposals

-

(19,515

)

(20,939

)

Additions - dividend in specie

2,500

125,083

200,560

At 31 December 2025

2,500

126,007

211,775

DEPRECIATION

Charge for year

-

9,716

12,429

Eliminated on disposal

-

(18,524

)

(19,469

)

Depreciation on assets received

2,500

98,132

159,793

At 31 December 2025

2,500

89,324

152,753

NET BOOK VALUE

At 31 December 2025

-

36,683

59,022

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

356,940

370,497

Amounts owed by group undertakings

838,579

176,258

Prepayments and accrued income

879,822

628,583

2,075,341

1,175,338

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

239,046

-

Trade creditors

58,167

164,456

Amounts owed to group undertakings

271,806

220,045

Corporation tax

81,054

1,640

Social security and other taxes

451,384

45,949

Other creditors

130,155

187,885

Accruals and deferred income

332,519

654,437

1,564,131

1,274,412

7.	CONTINGENT LIABILITIES

At the balance sheet date, the company was evaluating whether withholding tax is payable on certain royalties paid by the company to overseas entities in the year and prior periods. At the date of the approval of the accounts the directors had engaged the services of professional tax advisors to review and conclude on whether a liability exists. The directors are of the opinion that if tax is due, it will be substantially recoverable from the overseas entity following it being reclaimed by them. As such the obligation cannot be measured with sufficient reliability at this time.

8.	RELATED PARTY DISCLOSURES

Advantage Parts Solutions Limited, Advantage Data Systems Corporation Limited and Commuto UK Limited are companies that are under common ownership with Eurofixauto UK Limited. Manette Limited was previously under common ownership with Eurofixauto UK Limited, which has now been acquired as a subsidiary by Eurofixauto, and all trade and assets have been transferred.

During the year the company made purchases of £6,292,402 (2024:£8,089,399) from Manette Limited. All trade and assets of Manette are now acquired by Eurofixauto UK Limited, therefore no balances exist at 31 December 2025 (2024: £82,693).

During the year, £15,150 (2024:£Nil) of sales were made from Commuto UK Limited. At 31 December 2025 £838,579 (2024: £176,258) was due from Commuto UK Limited.

During the year the company made sales of £106,284 (2024:£Nil) and purchases of £2,319,155 (2024: £1,698,341) from Advantage Parts Solutions Limited that were recharged onto the franchisees. At 31 December 2025 £228,481 (2024: £137,352) was due from the company to Advantage Parts Solutions Limited.

During the year the company made purchases of £158,636 (2024: £Nil) from Advantage Data Systems Corporation Ltd that were recharged onto the franchisees. At 31 December 2025 £23,811 (2024: £Nil) was due from the company to Advantage Data Systems Corporation Ltd.

At 31 December 2025 £25,844 (2024: £Nil) was due from Advantage Parts solutions (US) Ltd and £2,670 (2024: £Nil) was due from Advantage Parts solutions (Canada) Ltd.

Income from related parties

During the year the company received recharged expenses of £168,659 (2024: £97,472) and paid recharged expenses of £143,983 (2024: £438,378) from entities under common ownership.

9.	GROUP RESTRUCTURE

During the year, certain assets and liabilities were hived up into the Company by way of a dividend in specie paid by its subsidiary undertaking Manette Limited.

The dividend comprised the transfer of the companies assets and liabilities, which were transferred to the Company with effect from 1 August 2025, as part of an internal group reorganisation.

The assets and liabilities transferred were recognised in the Company’s balance sheet at their carrying (book) values at the date of transfer, being the amounts recognised in the records of the subsidiary undertaking, as the transaction occurred between entities under common control.

The net assets received on the hive-up were credited directly to equity. No consideration was paid by the Company and accordingly no gain or loss arose on the transaction.

From 1 August 2025, expenditure previously incurred by Manette Limited has been incurred directly by the Company. As a result, the current year amounts are not directly comparable with the prior year.