REGISTERED NUMBER: 02702992 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

FLEET & DISTRIBUTION MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T E Ponzi

A K Ford

J McElligott

SECRETARY:

T E Ponzi

REGISTERED OFFICE:

Unit 1, Oakfield Industrial Estate

Stanton Harcourt Road

Eynsham

Oxfordshire

OX29 4TJ

REGISTERED NUMBER:

02702992 (England and Wales)

ACCOUNTANTS:

Camerons Accountancy Consultants Limited

Chartered Accountants

9 Worton Park

Cassington

Witney

Oxfordshire

OX29 4SX

FIXED ASSETS

Tangible assets

4

398,172

735,891

CURRENT ASSETS

Debtors

5

91,778

127,675

Cash at bank and in hand

1,935,312

1,628,272

2,027,090

1,755,947

CREDITORS

Amounts falling due within one year

6

212,320

252,832

NET CURRENT ASSETS

1,814,770

1,503,115

TOTAL ASSETS LESS CURRENT LIABILITIES

2,212,942

2,239,006

CREDITORS

Amounts falling due after more than one year

7

(150,000

)

(200,000

)

PROVISIONS FOR LIABILITIES

(47,544

)

(77,207

)

NET ASSETS

2,015,398

1,961,799

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

10

2,015,396

1,961,797

SHAREHOLDERS' FUNDS

2,015,398

1,961,799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 30 June 2026 and were signed on its behalf by:

J McElligott - Director

T E Ponzi - Director

1.	STATUTORY INFORMATION

Fleet & Distribution Management 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.

The financial statements have been prepared on the going concern basis as the directors consider that sufficient working capital will be available to maintain the current level of trading.

Turnover

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

Turnover from vehicle contract hire is recognised in the profit and loss statement in the period for which the hire relates.

Tangible fixed assets

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

Fixtures and fittings - 33% on cost

Motor vehicles - 20% on cost

Vehicles purchased on or after 1st April 2016 are depreciated to a residual value of 20% of the cost on a straight line basis over their expected economic life of 5 years.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2025

3,613

1,918,751

1,922,364

Disposals

-

(654,993

)

(654,993

)

At 31 March 2026

3,613

1,263,758

1,267,371

DEPRECIATION

At 1 April 2025

3,613

1,182,860

1,186,473

Charge for year

-

143,365

143,365

Eliminated on disposal

-

(460,639

)

(460,639

)

At 31 March 2026

3,613

865,586

869,199

NET BOOK VALUE

At 31 March 2026

-

398,172

398,172

At 31 March 2025

-

735,891

735,891

5.

DEBTORS

2026

2025

£

£

Trade debtors

91,778

118,220

Other debtors

-

9,455

91,778

127,675

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

86,696

66,058

Taxation and social security

69,169

56,697

Other creditors

56,455

130,077

212,320

252,832

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

150,000

200,000

8.	LEASING AGREEMENTS

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

2026

2025

£

£

Within one year

37,820

37,820

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

2

Ordinary

£1

2

2

10.

RESERVES

Retained

earnings

£

At 1 April 2025

1,961,797

Profit for the year

53,599

At 31 March 2026

2,015,396

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the Daante SLP Fund