REGISTERED NUMBER: 02324794 (England and Wales)

Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 December 2025

for

Aljac Fuelling Components Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Consolidated Statement of Comprehensive Income

8

Consolidated Balance Sheet

9

Company Balance Sheet

10

Consolidated Statement of Changes in Equity

11

Company Statement of Changes in Equity

12

Consolidated Cash Flow Statement

13

Notes to the Consolidated Cash Flow Statement

14

Notes to the Consolidated Financial Statements

16

DIRECTORS:

C Bretthauer

S Kunter

A Walton

REGISTERED OFFICE:

Unit 1a Watchmoor Point

Camberley

Surrey

GU15 3AD

REGISTERED NUMBER:

02324794 (England and Wales)

AUDITORS:

PB Associates

Chartered Accountants and Chartered Tax Advisers

2 Castle Business Village

Station Road

Hampton

Middlesex

TW12 2BX

The directors present their strategic report of the company and the group for the year ended 31 December 2025.

REVIEW OF BUSINESS

The principal activity of the company under review was the sale and maintenance of aircraft fuelling components. The directors consider the state of the company to be satisfactory.

PRINCIPAL RISKS AND UNCERTAINTIES

The company's principal financial instruments comprise bank balances, trade debtors and trade creditors. The main purpose of these instruments is to raise funds and to finance the company's operations. The company's approach to managing risks applicable to the financial instruments concerned is shown below.

a) Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customer and the regular monitoring of amounts outstanding for both time and credit limits.

b) Trade creditors' liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.

RESULTS AND DIVIDENDS

The results for the year and the financial position of the company are as shown in the annexed financial statements. A dividend of £1,000,000 (2024: £3,000,000) was paid in the year.

ON BEHALF OF THE BOARD:

C Bretthauer - Director

28 May 2026

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

DIVIDENDS

During the year the company paid a dividend of £10,000 per share. The total dividend paid during the year was £1,000,000.

DIRECTORS

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

C Bretthauer

S Kunter

A Walton

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, 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 the group and of 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 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group'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 group's auditors are aware of that information.

AUDITORS

The auditors, PB Associates, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

C Bretthauer - Director

28 May 2026

Opinion

We have audited the financial statements of Aljac Fuelling Components Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, 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 group's and of the parent company affairs as at 31 December 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; 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 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 and 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 directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and 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 Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors 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 Group Strategic Report or 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 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 Statement of Directors' Responsibilities set out on page three, 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 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.

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:

Our procedures to respond to risks identified included the following:

Enquires of management, concerning actual and potential litigation and claims.

Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.

Obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of provisions.

Testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

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.

Ashfaq Sharif (Senior Statutory Auditor)

for and on behalf of PB Associates

Chartered Accountants and Chartered Tax Advisers

2 Castle Business Village

Station Road

Hampton

Middlesex

TW12 2BX

28 May 2026

TURNOVER

3

16,218,568

18,073,759

Cost of sales

9,880,209

10,061,835

GROSS PROFIT

6,338,359

8,011,924

Administrative expenses

3,888,482

3,767,300

2,449,877

4,244,624

Other operating income

15,169

114,387

OPERATING PROFIT

5

2,465,046

4,359,011

Interest receivable and similar income

12,939

48,448

2,477,985

4,407,459

Interest payable and similar expenses

6

8,616

1,391

PROFIT BEFORE TAXATION

2,469,369

4,406,068

Tax on profit

7

613,635

1,125,599

PROFIT FOR THE FINANCIAL YEAR

1,855,734

3,280,469

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,855,734

3,280,469

Profit attributable to:

Owners of the parent

1,855,734

3,280,469

Total comprehensive income attributable to:

Owners of the parent

1,855,734

3,280,469

FIXED ASSETS

Tangible assets

10

262,830

266,532

Investments

11

Interest in associates

32,575

32,575

295,405

299,107

CURRENT ASSETS

Stocks

12

5,821,330

6,578,697

Debtors

13

1,852,526

1,232,526

Cash at bank and in hand

1,541,121

2,117,696

9,214,977

9,928,919

CREDITORS

Amounts falling due within one year

14

2,277,340

3,855,939

NET CURRENT ASSETS

6,937,637

6,072,980

TOTAL ASSETS LESS CURRENT LIABILITIES

7,233,042

6,372,087

CREDITORS

Amounts falling due after more than one year

15

8,194

2,973

NET ASSETS

7,224,848

6,369,114

CAPITAL AND RESERVES

Called up share capital

17

100

100

Retained earnings

18

7,224,748

6,369,014

SHAREHOLDERS' FUNDS

7,224,848

6,369,114

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2026 and were signed on its behalf by:

C Bretthauer - Director

FIXED ASSETS

Tangible assets

10

261,814

265,027

Investments

11

58,058

58,058

319,872

323,085

CURRENT ASSETS

Stocks

12

5,821,330

6,578,697

Debtors

13

1,815,124

1,164,510

Cash at bank and in hand

1,489,240

2,074,724

9,125,694

9,817,931

CREDITORS

Amounts falling due within one year

14

2,528,675

4,041,859

NET CURRENT ASSETS

6,597,019

5,776,072

TOTAL ASSETS LESS CURRENT LIABILITIES

6,916,891

6,099,157

CAPITAL AND RESERVES

Called up share capital

17

100

100

Retained earnings

18

6,916,791

6,099,057

SHAREHOLDERS' FUNDS

6,916,891

6,099,157

Company's profit for the financial year

1,817,734

3,294,688

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 28 May 2026 and were signed on its behalf by:

C Bretthauer - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

100

6,088,545

6,088,645

Changes in equity

Dividends

-

(3,000,000

)

(3,000,000

)

Total comprehensive income

-

3,280,469

3,280,469

Balance at 31 December 2024

100

6,369,014

6,369,114

Changes in equity

Dividends

-

(1,000,000

)

(1,000,000

)

Total comprehensive income

-

1,855,734

1,855,734

Balance at 31 December 2025

100

7,224,748

7,224,848

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

100

5,804,369

5,804,469

Changes in equity

Dividends

-

(3,000,000

)

(3,000,000

)

Total comprehensive income

-

3,294,688

3,294,688

Balance at 31 December 2024

100

6,099,057

6,099,157

Changes in equity

Dividends

-

(1,000,000

)

(1,000,000

)

Total comprehensive income

-

1,817,734

1,817,734

Balance at 31 December 2025

100

6,916,791

6,916,891

Cash flows from operating activities

Cash generated from operations

1

2,080,839

4,789,331

Interest paid

(8,616

)

(1,391

)

Tax paid

(1,609,282

)

(786,788

)

Net cash from operating activities

462,941

4,001,152

Cash flows from investing activities

Purchase of tangible fixed assets

(91,005

)

(165,196

)

Sale of tangible fixed assets

38,550

(44

)

Interest received

12,939

48,448

Net cash from investing activities

(39,516

)

(116,792

)

Cash flows from financing activities

Equity dividends paid

(1,000,000

)

(3,000,000

)

Net cash from financing activities

(1,000,000

)

(3,000,000

)

(Decrease)/increase in cash and cash equivalents

(576,575

)

884,360

Cash and cash equivalents at beginning of year

2

2,117,696

1,233,336

Cash and cash equivalents at end of year

2

1,541,121

2,117,696

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.12.25

31.12.24

£

£

Profit before taxation

2,469,369

4,406,068

Depreciation charges

48,301

43,101

Loss on disposal of fixed assets

7,921

41,507

Finance costs

8,616

1,391

Finance income

(12,939

)

(48,448

)

2,521,268

4,443,619

Decrease/(increase) in stocks

757,367

(1,370,808

)

(Increase)/decrease in trade and other debtors

(1,080,378

)

1,713,763

(Decrease)/increase in trade and other creditors

(117,418

)

2,757

Cash generated from operations

2,080,839

4,789,331

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2025

31.12.25

1.1.25

£

£

Cash and cash equivalents

1,541,121

2,117,696

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

2,117,696

1,233,336

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.25

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank and in hand

2,117,696

(576,575

)

1,541,121

2,117,696

(576,575

)

1,541,121

Debt

Debts falling due within 1 year

583

(583

)

-

583

(583

)

-

Total

2,118,279

(577,158

)

1,541,121

1.	STATUTORY INFORMATION

Aljac Fuelling Components 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Basis of consolidation

The consolidated financial statements incorporate the financial statements of the company and its group undertaking. These are adjusted, where appropriate, to conform to group accounting policies.

Turnover

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

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 15% - 33% and motor vehicles 25% on cost and reducing balance.

Investments in associates

Investments in associate undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Comprehensive Income, 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.

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

Going concern

At the time of approving the financial statements, the directors have undertaken an assessment of the adequacy of the resources available to the company. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and accordingly continue to adopt the going concern basis of accounting in preparing the financial statements.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the group.

An analysis of turnover by geographical market is given below:

31.12.25

31.12.24

£

£

United Kingdom

4,151,953

5,512,496

Europe

6,130,619

6,416,184

United States of America

275,716

253,034

Rest of the World

5,660,280

5,892,045

16,218,568

18,073,759

4.	EMPLOYEES AND DIRECTORS

31.12.25

31.12.24

£

£

Wages and salaries

1,819,635

1,671,390

Social security costs

269,295

226,912

Other pension costs

46,078

41,860

2,135,008

1,940,162

The average number of employees during the year was as follows:

31.12.25

31.12.24

Other

22

22

The average number of employees by undertakings that were proportionately consolidated during the year was 22 (2024 - 22 ) .

31.12.25

31.12.24

£

£

Directors' remuneration

276,433

221,746

Information regarding the highest paid director is as follows:

31.12.25

31.12.24

£

£

Emoluments etc

276,433

221,746

5.	OPERATING PROFIT

The operating profit is stated after charging:

31.12.25

31.12.24

£

£

Hire of plant and machinery

-

210

Depreciation - owned assets

48,236

43,102

Loss on disposal of fixed assets

7,921

41,507

Auditors' remuneration

11,500

10,750

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.12.25

31.12.24

£

£

Loan interest

8,616

1,391

7.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

31.12.25

31.12.24

£

£

Current tax:

UK corporation tax

613,635

1,125,599

Tax on profit

613,635

1,125,599

8.	INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

As permitted by Section 408 of the Companies Act 2006, the Statement of Comprehensive Income of the parent company is not presented as part of these financial statements.

9.

DIVIDENDS

During the year the company paid a dividend of £10,000 per share. The total dividend paid in the year was £1,000,000.

10.	TANGIBLE FIXED ASSETS

Group

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

234,334

78,629

26,813

339,776

Additions

25,021

65,984

-

91,005

Disposals

(2,674

)

(56,189

)

-

(58,863

)

At 31 December 2025

256,681

88,424

26,813

371,918

DEPRECIATION

At 1 January 2025

59,227

14,017

-

73,244

Charge for year

35,335

11,113

1,788

48,236

Eliminated on disposal

(1,487

)

(10,905

)

-

(12,392

)

At 31 December 2025

93,075

14,225

1,788

109,088

NET BOOK VALUE

At 31 December 2025

163,606

74,199

25,025

262,830

At 31 December 2024

175,107

64,612

26,813

266,532