Trans-Bridge Freight Services (Holdings) Limited 15193680 false 2024-11-01 2025-10-31 2025-10-31 2025-10-31 The principal activity of the company is that of the holding company of Trans-Bridge Freight Services Limited. Digita Accounts Production Advanced 6.30.9574.0 true true true false false 15193680 2024-11-01 2025-10-31 15193680 2025-10-31 15193680 bus:Consolidated 2025-10-31 15193680 core:MergerReserve bus:Consolidated 2025-10-31 15193680 core:RetainedEarningsAccumulatedLosses 2025-10-31 15193680 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2025-10-31 15193680 core:ShareCapital 2025-10-31 15193680 core:ShareCapital bus:Consolidated 2025-10-31 15193680 core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests bus:Consolidated 2025-10-31 15193680 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-10-31 15193680 core:HirePurchaseContracts core:CurrentFinancialInstruments bus:Consolidated 2025-10-31 15193680 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2025-10-31 15193680 core:HirePurchaseContracts core:Non-currentFinancialInstruments bus:Consolidated 2025-10-31 15193680 core:CurrentFinancialInstruments 2025-10-31 15193680 core:CurrentFinancialInstruments bus:Consolidated 2025-10-31 15193680 core:CurrentFinancialInstruments core:WithinOneYear 2025-10-31 15193680 core:CurrentFinancialInstruments core:WithinOneYear bus:Consolidated 2025-10-31 15193680 core:Non-currentFinancialInstruments core:AfterOneYear 2025-10-31 15193680 core:Non-currentFinancialInstruments core:AfterOneYear bus:Consolidated 2025-10-31 15193680 core:AdditionsToInvestments 2025-10-31 15193680 core:CostValuation 2025-10-31 15193680 core:BetweenTwoFiveYears bus:Consolidated 2025-10-31 15193680 core:MoreThanFiveYears bus:Consolidated 2025-10-31 15193680 core:WithinOneYear bus:Consolidated 2025-10-31 15193680 core:FurnitureFittingsToolsEquipment bus:Consolidated 2025-10-31 15193680 core:LandBuildings 2025-10-31 15193680 core:LandBuildings bus:Consolidated 2025-10-31 15193680 core:MotorVehicles bus:Consolidated 2025-10-31 15193680 core:DeferredTaxation bus:Consolidated 2025-10-31 15193680 core:Share-basedArrangement1 bus:Consolidated 2025-10-31 15193680 bus:FRS102 bus:Consolidated 2024-11-01 2025-10-31 15193680 bus:Audited bus:Consolidated 2024-11-01 2025-10-31 15193680 bus:FullAccounts bus:Consolidated 2024-11-01 2025-10-31 15193680 bus:RegisteredOffice bus:Consolidated 2024-11-01 2025-10-31 15193680 bus:CompanySecretaryDirector1 2024-11-01 2025-10-31 15193680 bus:CompanySecretaryDirector1 bus:Consolidated 2024-11-01 2025-10-31 15193680 bus:Director1 2024-11-01 2025-10-31 15193680 bus:Director1 bus:Consolidated 2024-11-01 2025-10-31 15193680 bus:Director4 bus:Consolidated 2024-11-01 2025-10-31 15193680 bus:Director5 bus:Consolidated 2024-11-01 2025-10-31 15193680 bus:Consolidated 2024-11-01 2025-10-31 15193680 bus:Consolidated 1 2024-11-01 2025-10-31 15193680 bus:Consolidated 3 2024-11-01 2025-10-31 15193680 bus:PrivateLimitedCompanyLtd bus:Consolidated 2024-11-01 2025-10-31 15193680 bus:ConsolidatedGroupCompanyAccounts 2024-11-01 2025-10-31 15193680 bus:Agent1 bus:Consolidated 2024-11-01 2025-10-31 15193680 core:MergerReserve bus:Consolidated 2024-11-01 2025-10-31 15193680 core:RetainedEarningsAccumulatedLosses 2024-11-01 2025-10-31 15193680 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2024-11-01 2025-10-31 15193680 core:ShareCapital 2024-11-01 2025-10-31 15193680 core:ShareCapital bus:Consolidated 2024-11-01 2025-10-31 15193680 core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests bus:Consolidated 2024-11-01 2025-10-31 15193680 core:PlantEquipmentUnderOperatingLeases bus:Consolidated 2024-11-01 2025-10-31 15193680 core:FurnitureFittings bus:Consolidated 2024-11-01 2025-10-31 15193680 core:FurnitureFittingsToolsEquipment bus:Consolidated 2024-11-01 2025-10-31 15193680 core:LandBuildings 2024-11-01 2025-10-31 15193680 core:LandBuildings bus:Consolidated 2024-11-01 2025-10-31 15193680 core:MotorVehicles bus:Consolidated 2024-11-01 2025-10-31 15193680 core:DeferredTaxation bus:Consolidated 2024-11-01 2025-10-31 15193680 core:Share-basedArrangement1 bus:Consolidated 2024-11-01 2025-10-31 15193680 core:UKTax bus:Consolidated 2024-11-01 2025-10-31 15193680 countries:EnglandWales bus:Consolidated 2024-11-01 2025-10-31 15193680 2024-10-31 15193680 bus:Consolidated 2024-10-31 15193680 core:MergerReserve bus:Consolidated 2024-10-31 15193680 core:RetainedEarningsAccumulatedLosses 2024-10-31 15193680 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2024-10-31 15193680 core:ShareCapital 2024-10-31 15193680 core:ShareCapital bus:Consolidated 2024-10-31 15193680 core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests bus:Consolidated 2024-10-31 15193680 core:CostValuation 2024-10-31 15193680 core:FurnitureFittingsToolsEquipment bus:Consolidated 2024-10-31 15193680 core:LandBuildings 2024-10-31 15193680 core:LandBuildings bus:Consolidated 2024-10-31 15193680 core:MotorVehicles bus:Consolidated 2024-10-31 15193680 core:DeferredTaxation bus:Consolidated 2024-10-31 15193680 core:Share-basedArrangement1 bus:Consolidated 2024-10-31 15193680 2023-10-06 2024-10-31 15193680 2024-10-31 15193680 bus:Consolidated 2024-10-31 15193680 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-10-31 15193680 core:HirePurchaseContracts core:CurrentFinancialInstruments bus:Consolidated 2024-10-31 15193680 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-10-31 15193680 core:HirePurchaseContracts core:Non-currentFinancialInstruments bus:Consolidated 2024-10-31 15193680 core:CurrentFinancialInstruments 2024-10-31 15193680 core:CurrentFinancialInstruments bus:Consolidated 2024-10-31 15193680 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 15193680 core:CurrentFinancialInstruments core:WithinOneYear bus:Consolidated 2024-10-31 15193680 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 15193680 core:Non-currentFinancialInstruments core:AfterOneYear bus:Consolidated 2024-10-31 15193680 core:BetweenTwoFiveYears bus:Consolidated 2024-10-31 15193680 core:MoreThanFiveYears bus:Consolidated 2024-10-31 15193680 core:WithinOneYear bus:Consolidated 2024-10-31 15193680 core:FurnitureFittingsToolsEquipment bus:Consolidated 2024-10-31 15193680 core:LandBuildings 2024-10-31 15193680 core:LandBuildings bus:Consolidated 2024-10-31 15193680 core:MotorVehicles bus:Consolidated 2024-10-31 15193680 core:Share-basedArrangement1 bus:Consolidated 2024-10-31 15193680 bus:Consolidated 2023-10-06 2024-10-31 15193680 bus:Consolidated 1 2023-10-06 2024-10-31 15193680 bus:Consolidated 3 2023-10-06 2024-10-31 15193680 core:MergerReserve bus:Consolidated 2023-10-06 2024-10-31 15193680 core:RetainedEarningsAccumulatedLosses 2023-10-06 2024-10-31 15193680 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2023-10-06 2024-10-31 15193680 core:ShareCapital 2023-10-06 2024-10-31 15193680 core:ShareCapital bus:Consolidated 2023-10-06 2024-10-31 15193680 core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests bus:Consolidated 2023-10-06 2024-10-31 15193680 core:PlantEquipmentUnderOperatingLeases bus:Consolidated 2023-10-06 2024-10-31 15193680 core:Share-basedArrangement1 bus:Consolidated 2023-10-06 2024-10-31 15193680 core:UKTax bus:Consolidated 2023-10-06 2024-10-31 15193680 2023-10-05 15193680 bus:Consolidated 2023-10-05 15193680 bus:Consolidated core:PreviouslyStatedAmount 2023-10-05 15193680 core:MergerReserve bus:Consolidated core:PreviouslyStatedAmount 2023-10-05 15193680 core:RetainedEarningsAccumulatedLosses 2023-10-05 15193680 core:RetainedEarningsAccumulatedLosses bus:Consolidated core:PreviouslyStatedAmount 2023-10-05 15193680 core:ShareCapital 2023-10-05 15193680 core:ShareCapital bus:Consolidated core:PreviouslyStatedAmount 2023-10-05 15193680 core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests bus:Consolidated core:PreviouslyStatedAmount 2023-10-05 15193680 core:Share-basedArrangement1 bus:Consolidated 2023-10-05 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 15193680

Trans-Bridge Freight Services (Holdings) Limited
Annual Report and Consolidated Financial Statements
for the Year Ended 31 October 2025

Trans-Bridge Freight Services (Holdings) Limited

Contents

Company Information | 1
Strategic Report | 2
Directors' Report | 3
Independent Auditors' Report | 4 to 5
Consolidated Profit and Loss Account | 6
Consolidated Statement of Comprehensive Income | 7
Consolidated Balance Sheet | 8
Balance Sheet | 9
Consolidated Statement of Changes in Equity | 10
Statement of Changes in Equity | 11
Consolidated Statement of Cash Flows | 12
Statement of Cash Flows | 13
Notes to the Financial Statements | 14 to 24

Trans-Bridge Freight Services (Holdings) Limited

Company Information

Directors | I P Hajdukewycz B J Walker D P Hajdukewycz B Anderton

Company secretary | B J Walker

Registered office | Trans-Bridge Business Park Drury Lane Sellers Way Chadderton Oldham OL9 8EY

Auditors | Gortons Chartered Accountants and Statutory Auditors Stanmore House 64 - 68 Blackburn Street Radcliffe Manchester M26 2JS

Trans-Bridge Freight Services (Holdings) Limited

Strategic Report for the Year Ended 31 October 2025

The directors present their strategic report for the year ended 31 October 2025.

Principal activity

Trans-Bridge Freight Services (Holdings) Limited is the holding company of Trans-Bridge Freight Services Limited (the trading company). The trading company's principal activity is the provision of transport and freight services. No significant change in the group's principal activity is expected.

Fair review of the business

This is the group's second financial year. Consolidated net assets are £6,400,771 compared to £4,586,650, after dividends to shareholders in 2024.
The trading company continues to maintain turnover and gross margin at similar levels to previous years' and achieves this through high levels of service, close relationships with customers, attention to detail, investment in vehicles and investment in technology. The directors are proud of its customer retention levels and are always looking towards future developments to ensure they maintain the high standards they have achieved. Through expanding their fleet and staffing levels they are able to ensure their safe and reliable service is maintained.

Principal risks and uncertainties

The business' principal financial instruments comprise bank balances, hire purchase loans, trade debtors and trade creditors. The purpose of these instruments is to finance the business' operations. The business activities expose it primarily to the financial risks associated with increased rates of interest. The directors plan carefully around market fluctuations.

Approved and authorised by the Board on 21 July 2026 and signed on its behalf by:

I P Hajdukewycz Director

Trans-Bridge Freight Services (Holdings) Limited

Directors' Report for the Year Ended 31 October 2025

The directors present their report and the for the year ended 31 October 2025.

Directors responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report 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 group and the company 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 apply them consistently;

• | make judgements and accounting estimates that are reasonable and prudent;

• | state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• | 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 group's and the company's transactions and disclose with reasonable accuracy at any time the financial position of the group and 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 group and the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Directors of the group

The directors who held office during the year were as follows:

I P Hajdukewycz

D Torrance - ceased 21 May 2025

B J Walker

D P Hajdukewycz

B Anderton

Disclosure of information to the auditor

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditor is unaware.

Approved and authorised by the Board on 21 July 2026 and signed on its behalf by:

I P Hajdukewycz Director

Trans-Bridge Freight Services (Holdings) Limited

Independent Auditors' Report to the Members of Trans-Bridge Freight Services (Holdings) Limited

Opinion

We have audited the financial statements of Trans-Bridge Freight Services (Holdings) Limited (the ‘parent company’) and its subsidiaries (the ‘group’) for the period ended 31 October 2025 which comprise the consolidated profit and loss account, the consolidated statement of comprehensive income, the consolidated and parent company balance sheets, the consolidated and parent company statements of changes in equity, the consolidated and parent company cash flow statements, 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 group's and the parent company's affairs as at 31 October 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 auditor 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 and 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 other information comprises the information included in the annual report other than the financial statements and our auditors' report thereon. The directors are responsible for the other information contained within the annual report. 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. 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 course of 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.

Opinion on other matter 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 strategic report and the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• | the strategic report and the directors’ report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In light of the knowledge and understanding of the group and parent company and their environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Trans-Bridge Freight Services (Holdings) Limited

Independent Auditors' Report to the Members of Trans-Bridge Freight Services (Holdings) Limited

• | 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 directors’ responsibilities statement, set out within the Directors' Report, 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 is 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 and 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.

Auditor 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 an auditors' report 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.

A further description of our responsibilities is available on the FRC's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the group’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 group’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the group and the group’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Jim Gorton (Senior Statutory Auditor)
For and on behalf of Gortons, Statutory Auditors
Chartered Accountants & Registered Auditors
Stanmore House
64-68 Blackburn Street
Radcliffe
Manchester
M26 2JS

21 July 2026

Trans-Bridge Freight Services (Holdings) Limited

Consolidated Profit and Loss Account for the Year Ended 31 October 2025

| Note | 2025 £ | 2024 £
Turnover | 3 | 12,590,835 | 12,342,169
Cost of sales |  | (7,789,097) | (7,695,627)
Gross profit |  | 4,801,738 | 4,646,542
Administrative expenses |  | (2,530,986) | (2,216,866)
Other operating income | 4 | 164,093 | 168,253
Operating profit | 6 | 2,434,845 | 2,597,929
Other interest receivable and similar income | 7 | 12,787 | 119,401
Interest payable and similar expenses | 8 | (33,560) | (54,760)
|  | (20,773) | 64,641
Profit before tax |  | 2,414,072 | 2,662,570
Tax on profit | 12 | (599,951) | (803,357)
Profit for the financial year |  | 1,814,121 | 1,859,213
Profit/(loss) attributable to: |  |  |
Owners of the company |  | 1,814,121 | 1,859,213

The group has no recognised gains or losses for the year other than the results above.

Trans-Bridge Freight Services (Holdings) Limited

Consolidated Statement of Comprehensive Income for the Year Ended 31 October 2025

| 2025 £ | 2024 £
Profit for the year | 1,814,121 | 1,859,213
Total comprehensive income for the year | 1,814,121 | 1,859,213
Total comprehensive income attributable to: |  |
Owners of the company | 1,814,121 | 1,859,213

Trans-Bridge Freight Services (Holdings) Limited

(Registration number: 15193680)
Consolidated Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 13 | 2,998,561 | 3,272,227
Current assets |  |  |
Debtors | 15 | 3,913,715 | 2,055,281
Cash at bank and in hand |  | 2,038,984 | 2,066,673
|  | 5,952,699 | 4,121,954
Creditors: Amounts falling due within one year | 17 | (1,980,269) | (2,205,238)
Net current assets |  | 3,972,430 | 1,916,716
Total assets less current liabilities |  | 6,970,991 | 5,188,943
Creditors: Amounts falling due after more than one year | 17 | (178,770) | (173,053)
Provisions for liabilities | 18 | (391,450) | (429,240)
Net assets |  | 6,400,771 | 4,586,650
Capital and reserves |  |  |
Called up share capital | 20 | 1,000 | 1,000
Other reserves |  | (892) | (892)
Retained earnings |  | 6,400,663 | 4,586,542
Equity attributable to owners of the company |  | 6,400,771 | 4,586,650
Shareholders' funds |  | 6,400,771 | 4,586,650

Approved and authorised by the Board on 21 July 2026 and signed on its behalf by:

I P Hajdukewycz Director

Trans-Bridge Freight Services (Holdings) Limited

(Registration number: 15193680)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 13 | 1,084,729 | 1,105,023
Investments | 14 | 1,098 | 998
|  | 1,085,827 | 1,106,021
Current assets |  |  |
Debtors | 15 | 1,992,971 | 91,776
Cash at bank and in hand |  | 1,323,510 | 1,033,407
|  | 3,316,481 | 1,125,183
Creditors: Amounts falling due within one year | 17 | (2,999,325) | (830,424)
Net current assets |  | 317,156 | 294,759
Net assets |  | 1,402,983 | 1,400,780
Capital and reserves |  |  |
Called up share capital | 20 | 1,000 | 1,000
Retained earnings |  | 1,401,983 | 1,399,780
Shareholders' funds |  | 1,402,983 | 1,400,780

Approved and authorised by the Board on 21 July 2026 and signed on its behalf by:

I P Hajdukewycz Director

Trans-Bridge Freight Services (Holdings) Limited

Consolidated Statement of Changes in Equity for the Year Ended 31 October 2025
Equity attributable to the parent company

| Share capital £ | Merger reserve £ | Retained earnings £ | Total £ | Total equity £
At 1 November 2024 | 1,000 | (892) | 4,586,542 | 4,586,650 | 4,586,650
Profit for the year | - | - | 1,814,121 | 1,814,121 | 1,814,121
At 31 October 2025 | 1,000 | (892) | 6,400,663 | 6,400,771 | 6,400,771

| Share capital £ | Merger reserve £ | Retained earnings £ | Total £ | Total equity £
At 6 October 2023 | 2 | - | - | 2 | 2
Profit for the year | - | - | 1,859,213 | 1,859,213 | 1,859,213
Dividends | - | - | (2,340,601) | (2,340,601) | (2,340,601)
Acquisition of non-controlling interest, increase/(decrease) in equity | 998 | (892) | 5,067,930 | 5,068,036 | 5,068,036
At 31 October 2024 | 1,000 | (892) | 4,586,542 | 4,586,650 | 4,586,650

Trans-Bridge Freight Services (Holdings) Limited

Statement of Changes in Equity for the Year Ended 31 October 2025

| Share capital £ | Retained earnings £ | Total £
At 1 November 2024 | 1,000 | 1,399,780 | 1,400,780
Profit for the year | - | 2,203 | 2,203
At 31 October 2025 | 1,000 | 1,401,983 | 1,402,983

| Share capital £ | Retained earnings £ | Total £
At 6 October 2023 | 2 | - | 2
Profit for the year | - | 3,740,381 | 3,740,381
Dividends | - | (2,340,601) | (2,340,601)
New share capital subscribed | 998 | - | 998
At 31 October 2024 | 1,000 | 1,399,780 | 1,400,780

Trans-Bridge Freight Services (Holdings) Limited

Consolidated Statement of Cash Flows for the Year Ended 31 October 2025

| Note | 2025 £ | As restated 2024 £
Cash flows from operating activities
Profit for the year |  | 1,814,121 | 1,859,213
Adjustments to cash flows from non-cash items |  |  |
Depreciation and amortisation | 6 | 570,324 | 570,481
Loss/(profit) on disposal of tangible assets | 5 | 31,403 | (3,162)
Finance income |  | (27,492) | (1,858)
Finance costs |  | 48,265 | (62,783)
|  | 2,436,621 | 2,361,891
Working capital adjustments |  |  |
Decrease in trade debtors and other debtors |  | 3,733 | 141,657
Increase/(decrease) in trade creditors and other creditors |  | 127,522 | (332,409)
(Decrease)/increase in deferred tax provision |  | (37,790) | 217,514
Cash generated from operations |  | 2,530,086 | 2,388,653
Decrease in corporation tax reserve |  | (332,271) | (47,885)
Net cash flow from operating activities |  | 2,197,815 | 2,340,768
Cash flows from investing activities |  |  |
Interest received |  | 40,750 | 58,571
Acquisitions of tangible assets |  | (415,815) | (1,129,516)
Proceeds from sale of tangible assets |  | 87,754 | 180,440
Net cash flows from investing activities |  | (287,311) | (890,505)
Cash flows from financing activities |  |  |
Interest paid |  | (33,560) | (54,760)
Proceeds from issue of ordinary shares |  | - | 2
Currency exchange |  | (27,963) | 60,830
(Increase)/decrease in debts owed from directors |  | (1,884,446) | 477,131
Increase/(decrease) in loans & borrowings |  | 7,776 | (145,079)
Dividends paid |  | - | (2,340,601)
Net cash flows from financing activities |  | (1,938,193) | (2,002,477)
Net decrease in cash and cash equivalents |  | (27,689) | (552,214)
Cash and cash equivalents at 1 November |  | 2,066,673 | 2,618,887
Cash and cash equivalents at 31 October |  | 2,038,984 | 2,066,673

Trans-Bridge Freight Services (Holdings) Limited

Statement of Cash Flows for the Year Ended 31 October 2025

| Note | 2025 £ | (As restated) 2024 £
Cash flows from operating activities
Profit for the year |  | 2,203 | 3,740,381
Adjustments to cash flows from non-cash items |  |  |
Depreciation and amortisation | 6 | 20,294 | 1,845
Finance income |  | (27,492) | (3,758,726)
|  | (4,995) | (16,500)
Working capital adjustments |  |  |
Increase in other debtors |  | (30,974) | -
(Decrease)/increase in other creditors |  | (5,390) | 16,500
Cash generated from operations |  | (41,359) | -
Increase in corporation tax reserve |  | 2,405 | -
Net cash flow from operating activities |  | (38,954) | -
Cash flows from investing activities |  |  |
Interest received |  | 27,492 | 1,858
Acquisition of subsidiaries | 14 | (100) | (998)
Acquisitions of tangible assets |  | - | (1,106,868)
Dividend income |  | - | 3,756,868
Net cash flows from investing activities |  | 27,392 | 2,650,860
Cash flows from financing activities |  |  |
Initial share subscription |  | - | 1,000
Increase in debts owed from directors |  | (1,885,145) | (76,852)
Increase in debts owed to trading company |  | 2,186,810 | 799,000
Dividends paid |  | - | (2,340,601)
Net cash flows from financing activities |  | 301,665 | (1,617,453)
Net increase in cash and cash equivalents |  | 290,103 | 1,033,407
Cash and cash equivalents at 1 November |  | 1,033,407 | -
Cash and cash equivalents at 31 October |  | 1,323,510 | 1,033,407

Trans-Bridge Freight Services (Holdings) Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Trans-Bridge Business Park
Drury Lane
Sellers Way
Chadderton
Oldham
OL9 8EY

These financial statements were authorised for issue by the Board on 21 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting 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.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

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

Basis of consolidation

The consolidated financial statements consolidate the financial statements of the company and its subsidiary undertaking drawn up to 31 October 2025.

A subsidiary is an entity controlled by the company. Control is achieved where the company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.
The results of subsidiaries acquired or disposed of during the year are included in the Profit and Loss Account from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group.
Inter-company transactions, balances and unrealised gains on transactions between the company and its subsidiaries, which are related parties, are eliminated in
Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.
Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the group’s equity therein. Non-controlling interests consist of the amount of those interests at the date of the original business combination and the non-controlling shareholder’s share of changes in equity since the date of the combination.

Revenue recognition

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

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the group operates and generates taxable income.

Trans-Bridge Freight Services (Holdings) Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the consolidated financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Furniture, fittings and equipment | 20% reducing balance
Motor vehicles | 25% reducing balance
Land and buildings | 2% straight line method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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. A provision for the impairment of trade debtors is established when there is objective evidence that the group 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 group does not have an 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Dividends

Dividend distribution to the group’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Trans-Bridge Freight Services (Holdings) Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the group 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.

Share based payments

Calculating the value of the share based payment charge will require management to make a number of estimations regarding the future value of the shares issued. Any differences between these estimations and the final value of the shares at redemption would lead to a charge or credit against retained earnings in the year in which the shares are redeemed.
The company operates an equity-settled, share-based compensation plan, under which the entity receives services from employees as consideration for equity instruments (options) of the entity. The fair value of the services received was measured by reference to the fair value of the equity instruments granted. The fair value of those equity instruments was measured at the grant date. A maintainable EBITDA multiple approach method was used applying a multiple of 4 inline with transactions within the industry and applying a 90% minority discount.

3 | Turnover

The analysis of the group's Turnover for the year from continuing operations is as follows:

| 2025 £ | 2024 £
Services provided | 12,590,835 | 12,342,169

4 | Other operating income

The analysis of the group's other operating income for the year is as follows:

| 2025 £ | 2024 £
Rent and service charges receivable | 141,406 | 146,906
Sundry other income | 22,687 | 21,347
| 164,093 | 168,253

5 | Other gains and losses

The analysis of the group's other gains and losses for the year is as follows:

| 2025 £ | 2024 £
(Loss)/gain on disposal of tangible assets | (31,403) | 3,162

6 | Operating profit

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 570,324 | 570,481
Operating lease expense - plant and machinery | 14,599 | -
Loss/(profit) on disposal of property, plant and equipment | 31,403 | (3,162)

Trans-Bridge Freight Services (Holdings) Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

7 | Other interest receivable and similar income

| 2025 £ | 2024 £
Interest income on bank deposits | 30,233 | 44,518
Other finance income | 10,517 | 14,053
Foreign currency (losses)/gains | (27,963) | 60,830
| 12,787 | 119,401

8 | Interest payable and similar expenses

| 2025 £ | 2024 £
Interest on obligations under finance leases and hire purchase contracts | 26,697 | 26,709
Interest expense on other finance liabilities | 6,863 | 28,051
| 33,560 | 54,760

9 | Staff costs

The group's aggregate payroll costs (including directors' remuneration) were as follows:

| 2025 £ | 2024 £
Wages and salaries | 1,830,923 | 1,581,341
Social security costs | 221,891 | 185,087
Other short-term employee benefits | 72,674 | 53,419
Pension costs, defined contribution scheme | 195,369 | 94,926
| 2,320,857 | 1,914,773

The average number of persons employed by the group (including directors) during the year, analysed by category was as follows:

| 2025 No. | 2024 No.
Administration and support | 19 | 18
Sales | 1 | 2
Distribution | 22 | 22
| 42 | 42

10 | Directors' remuneration

The group's directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 176,920 | 182,930
Contributions paid to money purchase schemes | 94,010 | 18,810
| 270,930 | 201,740

11 | Auditors' remuneration

| 2025 £ | 2024 £
Audit of the financial statements | 9,000 | 20,600

Trans-Bridge Freight Services (Holdings) Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

12 | Taxation

Tax charged/(credited) in the consolidated profit and loss account

| 2025 £ | 2024 £
Current taxation |  |
UK corporation tax | 643,196 | 575,467
UK corporation tax adjustment to prior periods | (5,455) | 10,376
| 637,741 | 585,843
Deferred taxation |  |
Arising from origination and reversal of timing differences | (37,790) | 217,514
Tax expense in the income statement | 599,951 | 803,357

The corporation tax rate applicable to the group varies according to the taxable profits of the individual companies. During the year, the parent company was subject to the small profits rate of 19%, while the trading subsidiary was subject to the main rate of 25%. The tax charge has been calculated using the rates substantively enacted at the balance sheet date.
The differences are reconciled below:

| 2025 £ | 2024 £
Profit before tax | 2,414,072 | 2,662,570
Corporation tax at standard rate applicable to the individual companies | 603,241 | 665,643
(Decrease)/increase in UK tax from adjustment for prior and current periods | (8,720) | 10,376
Tax increase/(decrease) from effect of capital allowances and depreciation | 41,086 | (94,418)
Effect of expense not deductible in determining taxable profit (tax loss) | 4,915 | 17,948
Effect of tax losses | (2,781) | 4,121
Deferred tax 2025 uplift | (37,790) | 217,514
Further item of tax decrease | - | (17,827)
Total tax charge | 599,951 | 803,357

Trans-Bridge Freight Services (Holdings) Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

13 | Tangible assets

Group

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 November 2024 | 1,265,441 | 2,969,478 | 513,560 | 4,748,479
Additions | - | 415,815 | - | 415,815
Disposals | - | (249,412) | (99,000) | (348,412)
At 31 October 2025 | 1,265,441 | 3,135,881 | 414,560 | 4,815,882
Depreciation
At 1 November 2024 | 5,016 | 1,331,523 | 139,713 | 1,476,252
Charge for the year | 23,467 | 460,832 | 86,025 | 570,324
Eliminated on disposal | - | (185,785) | (43,470) | (229,255)
At 31 October 2025 | 28,483 | 1,606,570 | 182,268 | 1,817,321
Carrying amount
At 31 October 2025 | 1,236,958 | 1,529,311 | 232,292 | 2,998,561
At 31 October 2024 | 1,260,425 | 1,637,955 | 373,847 | 3,272,227

Included within the net book value of land and buildings above is £1,084,729 (2024 - £1,105,023) in respect of freehold land and buildings and £152,229 (2024 - £155,402) in respect of long leasehold land and buildings.

Company

| Land and buildings £ | Total £
Cost or valuation
At 1 November 2024 | 1,106,868 | 1,106,868
At 31 October 2025 | 1,106,868 | 1,106,868
Depreciation
At 1 November 2024 | 1,845 | 1,845
Charge for the year | 20,294 | 20,294
At 31 October 2025 | 22,139 | 22,139
Carrying amount
At 31 October 2025 | 1,084,729 | 1,084,729
At 31 October 2024 | 1,105,023 | 1,105,023

Trans-Bridge Freight Services (Holdings) Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

14 | Investments

Company

| 2025 £ | 2024 £
Investments in subsidiaries | 1,098 | 998

Subsidiaries | £
Cost or valuation
At 1 November 2024 | 998
Additions | 100
At 31 October 2025 | 1,098
Provision
Carrying amount
At 31 October 2025 | 1,098
At 31 October 2024 | 998

15 | Debtors

|  | Group | Company
Current | Note | 2025 £ | 2024 £ | 2025 £ | 2024 £
Trade debtors |  | 1,881,222 | 1,742,531 | - | -
Amounts owed by related parties | 24 | 1,961,997 | 99,830 | 1,961,997 | 91,776
Other debtors |  | 70,496 | 212,920 | 30,974 | -
|  | 3,913,715 | 2,055,281 | 1,992,971 | 91,776

16 | Cash and cash equivalents

| Group | Company
| 2025 £ | 2024 £ | 2025 £ | 2024 £
Cash on hand | 100 | - | - | -
Cash at bank | 1,357,911 | 1,067,086 | 1,323,510 | 1,033,407
Short-term deposits | 680,973 | 999,587 | - | -
| 2,038,984 | 2,066,673 | 1,323,510 | 1,033,407

Trans-Bridge Freight Services (Holdings) Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

17 | Creditors

|  | Group | Company
| Note | 2025 £ | 2024 £ | 2025 £ | 2024 £
Due within one year |  |  |  |  |
Loans and borrowings | 21 | 180,208 | 178,149 | - | -
Trade creditors |  | 1,212,458 | 1,143,465 | - | -
Amounts due to related parties | 24 | - | 22,279 | 2,985,810 | 813,924
Social security and other taxes |  | 291,511 | 167,723 | - | -
Outstanding defined contribution pension costs |  | 3,688 | 2,833 | - | -
Other payables |  | 7,948 | 54,422 | - | -
Accruals |  | 38,050 | 60,900 | 7,900 | 16,500
Corporation tax liability | 12 | 246,406 | 575,467 | 5,615 | -
|  | 1,980,269 | 2,205,238 | 2,999,325 | 830,424
Due after one year |  |  |  |  |
Loans and borrowings | 21 | 178,770 | 173,053 | - | -

18 | Provisions for liabilities

Group

| Deferred tax £ | Total £
At 1 November 2024 | 429,240 | 429,240
Increase (decrease) in existing provisions | (37,790) | (37,790)
At 31 October 2025 | 391,450 | 391,450

19 | Pension and other schemes

Defined contribution pension scheme

The group operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the group to the scheme and amounted to £195,369 (2024 - £94,926).
Contributions totalling £3,688 (2024 - £2,833) were payable to the scheme at the end of the year and are included in creditors.

20 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
A1 Ordinary Shares of £1 each | 188 | 188 | 188 | 188
A2 Ordinary Shares of £1 each | 186 | 186 | 186 | 186
A3 Ordinary Shares of £1 each | 126 | 126 | 126 | 126
B1 Ordinary Shares of £1 each | 188 | 188 | 188 | 188
B2 Ordinary Shares of £1 each | 186 | 186 | 186 | 186
B3 Ordinary Shares of £1 each | 126 | 126 | 126 | 126
| 1,000 | 1,000 | 1,000 | 1,000

Trans-Bridge Freight Services (Holdings) Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

21 | Loans and borrowings

Non-current loans and borrowings

| Group | Company
| 2025 £ | 2024 £ | 2025 £ | 2024 £
Hire purchase contracts | 178,770 | 173,053 | - | -

Current loans and borrowings

| Group | Company
| 2025 £ | 2024 £ | 2025 £ | 2024 £
Hire purchase contracts | 180,208 | 178,149 | - | -

22 | Obligations under leases and hire purchase contracts

Group

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 120,000 | 120,000
Later than one year and not later than five years | 430,000 | 480,000
Later than five years | - | 70,000
| 550,000 | 670,000

The amount of non-cancellable operating lease payments recognised as an expense during the year was £120,000 (2024 - £120,000).

Trans-Bridge Freight Services (Holdings) Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

23 | Share-based payments

Enterprise Management Incentive share option

Scheme details and movements

The company grants the option holder an option under the scheme. The option is for 111 £1.00 'C' shares with no voting rights. The exercise price is £1,135 per share.
The Option Shares are subject to the following restrictions:
1) The Option Shares may only be transferred in accordance with the pre-exemption provisions set out in article 11 of the Articles of Association. They are not freely tradeable outside of the pre-exemption process.
2) Under article 12 of the Articles, the Option Shares are subject to compulsory transfer in certain circumstances, such as the option holder ceasing to be employed or them suffering an insolvency event (e.g. bankruptcy). In these circumstances the Option Shares would be offered for sale to other existing shareholders and/or the Company.
3) Under article 16 of the Articles, the option holder may be required to sell and transfer all of the Option Shares to a prospective purchaser of all the other shares in the Company held by the Vendors, provided the option holder is paid at least the same price per share as the Vendors.
The option may be exercised:
1) When the option holder executes a Deed of Adherence
2) Each year within 60 days of the individual's birthday once the employee turns 58.
3) A future sale of the company.
The option is settled by the issue of 111 £1.00 'C' shares in the company.
The fair value of the services received was measured by reference to the fair value of the equity instruments granted. The fair value of those equity instruments was measured at the grant date. A maintainable EBITDA multiple approach method was used applying a multiple of 4 in line with transactions within the industry and applying a 90% minority discount.

The movements in the number of share options during the year were as follows:

| 2025 Number | 2024 Number
Outstanding, start of period | 111 | -
Granted during the period | - | 111
Outstanding, end of period | 111 | 111

The movements in the weighted average exercise price of share options during the year were as follows:

| 2025 £ | 2024 £
Outstanding, start of period | 125,985.00 | -
Granted during the period | - | 125,985.00
Outstanding, end of period | 125,985.00 | 125,985.00

Trans-Bridge Freight Services (Holdings) Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

24 | Related party transactions

A director has a loan with the subsidiary company which was overdrawn by £5,225 at the start of the year and had a nil balance at the year end. Total advances made during the year were £431,629 and repayments made were £436,854. The maximum overdrawn amount in the year was £6,226 (2024 - £458,999). No interest has been charged on this loan and it is repayable on demand.
Another director had a loan with the subsidiary company which was overdrawn by £2,829 at the start of the year and had a nil balance at the year end. Total advances made during the year were £320,271 and repayments made were £323,100. The maximum overdrawn amount in the year was £6,408 (2024 - £456,421). No interest has been charged on this loan and it is repayable on demand.
A third director has a loan with the subsidiary company which was in credit at the start of the year and had a nil balance at the year end. Total advances and repayments made during the year were £2,883. The maximum overdrawn amount in the year was £1,644 (2024 - £53,462). Interest has been charged on this loan and it is repayable on demand.
Two of the directors have pension schemes which rent premises to the subsidiary company on an arm's length basis. The total rent charged and paid during the year was £120,000 (2024 - £120,000). No balance was outstanding at the year end (2024 - no balance outstanding).
A director has a loan with the parent company which was in credit at the start of the year by £3,959 and overdrawn by £682,301 at the year end. Total advances made during the year were £981,872 and repayments made were £299,571. The maximum overdrawn amount in the year was £682,301 (2024 - £269,601). Interest has been charged on this loan and it is repayable on demand.
Another director has a loan with the parent company which was in credit at the start of the year by £365 and overdrawn by £437,014 at the year end. Total advances made during the year were £739,063 and repayments made were £302,049. The maximum overdrawn amount in the year was £666,076 (2024 - £230,435). Interest has been charged on this loan and it is repayable on demand.
A third director has a loan with the parent company which was overdrawn by £80,076 at the start of the year and £310,073 at the year end. Total advances made during the year were £232,122 and repayments made were £2,125. The maximum overdrawn amount in the year was £310,073 (2024 - £80,076). Interest has been charged on this loan and it is repayable on demand.
A close family member of a director has a loan with the parent company which was overdrawn by £11,700 at the start of the year and £158,462 at the year end. Total advances made during the year were £183,812 and repayments made were £37,050. The maximum overdrawn amount in the year was £158,462 (2024 - £11,700). Interest has been charged on this loan and it is repayable on demand.
Another close family member of a director has a loan with the parent company which had a nil balance at the start of the year and overdrawn by £13,611 at the year end. Total advances made during the year were £13,611 and no repayments were made. The maximum overdrawn amount in the year was £13,611 (2024 - nil). No interest has been charged on this loan and it is repayable on demand.
Another close family member of a director has a loan with the parent company which was in credit at the start of the year by £3,300 and overdrawn by £139,884 at the year end. Total advances made during the year were £166,806 and repayments made were £26,922. The maximum overdrawn amount in the year was £139,884 (2024 - nil). Interest has been charged on this loan and it is repayable on demand.
Another close family member of a director has a loan with the parent company which was in credit at the start of the year by £7,300 and overdrawn by £220,652 at the year end. Total advances made during the year were £222,971 and repayments made were £2,319. The maximum overdrawn amount in the year was £220,652 (2024 - nil). Interest has been charged on this loan and it is repayable on demand.