REGISTERED NUMBER: 16011527 (England and Wales)

WDC AUTOMOTIVE LTD

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

10 OCTOBER 2024 TO 31 OCTOBER 2025

Page

Company Information

1

Report of the Directors

2

Statement of Income and Retained Earnings

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

A L Roberts

I Cowley

SECRETARY:

K Lawrence-Cowley

REGISTERED OFFICE:

44 Hall Lane

Walsall Wood

WS9 9AS

REGISTERED NUMBER:

16011527 (England and Wales)

ACCOUNTANTS:

Clarke Nicklin LLP

Chartered Accountants

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

The directors present their report with the financial statements of the company for the period 10 October 2024 to 31 October 2025.

INCORPORATION

The company was incorporated on 10 October 2024 and commenced trading on 1 November 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of vehicle delivery and collection services.

REVIEW OF BUSINESS

In late 2024 WDC Automotive Ltd acquired the trade and assets of a well-established vehicle delivery company. Although the company was well established, WDC Automotive invested heavily to ensure that all areas of the business were fit for purpose to achieve our ambitious growth plans. This, teamed with common first year costs depressed what was an underlying profitable year. The board are extremely satisfied with the results. WDC have not only managed to retain all existing acquired customers, but have also doubled the customer base.

FUTURE DEVELOPMENTS

The positive results and investments put the business into a strong position going into year 2; year 2 so far has delivered significant growth across our customer base and departments, signing contracts with key existing and new customers, which offer a significant level of stability to the business. This stability has allowed the board to further invest in new technology and infrastructure, which again will allow for ambitious growth forecasts for H2 of year 2, which we expect will be evident in year 2 accounts.

DIRECTORS

The directors who have held office during the period from 10 October 2024 to the date of this report are as follows:

A L Roberts - appointed 10 October 2024

I Cowley - appointed 29 November 2024

Both the directors who are eligible offer themselves for election at the forthcoming first 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:

A L Roberts - Director

7 July 2026

TURNOVER

5,504,844

Cost of sales

4,276,579

GROSS PROFIT

1,228,265

Administrative expenses

1,219,132

OPERATING PROFIT

4

9,133

Interest receivable and similar income

110

9,243

Interest payable and similar expenses

3,594

PROFIT BEFORE TAXATION

5,649

Tax on profit

3,898

PROFIT FOR THE FINANCIAL PERIOD

1,751

RETAINED EARNINGS AT END OF PERIOD

1,751

FIXED ASSETS

Intangible assets

5

82,998

Tangible assets

6

60,356

143,354

CURRENT ASSETS

Debtors

7

761,064

Cash at bank

171,594

932,658

CREDITORS

Amounts falling due within one year

8

954,070

NET CURRENT LIABILITIES

(21,412

)

TOTAL ASSETS LESS CURRENT LIABILITIES

121,942

PROVISIONS FOR LIABILITIES

3,898

NET ASSETS

118,044

CAPITAL AND RESERVES

Called up share capital

10

1

Share premium

116,292

Retained earnings

1,751

SHAREHOLDERS' FUNDS

118,044

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2025 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 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 7 July 2026 and were signed on its behalf by:

A L Roberts - Director

1.	STATUTORY INFORMATION

WDC Automotive Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

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

-

25% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Invoice discounting

The company uses an invoice discounting facility and has adopted separate presentation whereby gross debts are included as an asset and the amount due to the finance company is included within other creditors. The interest and charges are recognised as they accrue and are included in the income statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 30 .

4.	OPERATING PROFIT

The operating profit is stated after charging:

£

Depreciation - owned assets

14,029

Goodwill amortisation

13,729

5.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

Additions

74,887

21,840

96,727

At 31 October 2025

74,887

21,840

96,727

AMORTISATION

Charge for period

13,729

-

13,729

At 31 October 2025

13,729

-

13,729

NET BOOK VALUE

At 31 October 2025

61,158

21,840

82,998

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

Additions

7,630

53,795

12,960

74,385

At 31 October 2025

7,630

53,795

12,960

74,385

DEPRECIATION

Charge for period

1,378

9,862

2,789

14,029

At 31 October 2025

1,378

9,862

2,789

14,029

NET BOOK VALUE

At 31 October 2025

6,252

43,933

10,171

60,356

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

638,868

Other debtors

15,150

Accrued income

69,966

Prepayments

37,080

761,064

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other loans

36,674

Trade creditors

167,100

Social security and other taxes

18,291

Pensions

2,600

Payroll deductions

1,418

VAT

196,133

Other creditors

486,126

Driver deposits

14,692

Accrued expenses

31,036

954,070

9.	SECURED DEBTS

The following secured debts are included within creditors:

£

Invoice discounting facility

486,126

Invoice discounting liabilities are secured on the trade debtors ledger.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

144

Ordinary

1p

1

11.	ULTIMATE CONTROLLING PARTY

There is no overall ultimate controlling party.