Company registration number 01146071 (England and Wales)
ARCHBOLD LOGISTICS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
ARCHBOLD LOGISTICS LIMITED
COMPANY INFORMATION
Directors
D S Archbold OBE
A Maher
J Holmes
Y Archbold
Secretary
J Holmes
Company number
01146071
Registered office
Birch Business Park
Whittle Lane
Heywood
OL10 2SX
Auditor
Pierce C A Limited
Mentor House
Ainsworth Street
Blackburn
Lancashire
BB1 6AY
Business address
Birch Business Park
Whittle Lane
Heywood
OL10 2SX
ARCHBOLD LOGISTICS LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2
Directors' responsibilities statement
3
Independent auditor's report
4 - 6
Statement of comprehensive income
7
Balance sheet
8
Statement of changes in equity
9
Notes to the financial statements
10 - 24
ARCHBOLD LOGISTICS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 1 -

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

The principal activity of the company continues to be that of providing logistics and warehousing.

Business review

The directors report a net profit before tax of £728,228 (2024: £1,167,359) on a turnover of £30,184,072 (2024: £28,831,520).

The company delivered a pleasing increase in turnover, achieved through a combination of organic growth with existing customers who continue to express high levels of satisfaction with the service provided, together with the successful onboarding of a number of new customers during the year. This commercial progress is a testament to the quality and reliability of the service the team consistently delivers.

The reduction in profit before tax, notwithstanding the growth in revenue, reflects the significant cost pressures facing the business. The increases in the National Living Wage and employers’ National Insurance contributions have added to the cost base. In addition, the logistics sector continues to be affected by a shortage of qualified HGV drivers, the directors continue to explore ways to recruit and train new drivers over the medium term.

The company continues to strive to improve efficiencies and, as part of its commitment to minimising the environmental impact of growth, continues to invest in the newest and most up-to-date trucks, which deliver the lowest possible emissions.

The board would like to once again congratulate the team for their sustained efforts throughout the year, without which these results would not have been possible.

Principal risks and uncertainties

The main risks and uncertainties facing the business, similar to others in the sector, stem from the broader economic environment, sector competition, and rising inflationary costs — including the ongoing impact of increases to employment-related costs. To mitigate these risks, the directors continue to maintain strong reserves within the company.

Future developments

The directors plan to continue moving the business forward towards its long-term objectives and to generate profitable sales growth over the coming years. Archbold Logistics will continue to focus on markets where it has leadership, success, and experience. A challenge moving forward is to continue the growth of the business in an environmentally friendly and sustainable manner.

Key performance indicators

The key performance indicators used by the company include turnover, gross profit, operating profit, operating cash flows, and monitoring of fuel and labour costs. These performance indicators are monitored on a weekly basis.

On behalf of the board

A Maher
Director
7 August 2026
ARCHBOLD LOGISTICS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -

The directors present their annual report and financial statements for the year ended 31 December 2025.

Principal activities

The principal activit ies of the company continued to be that of logistics and warehousing.

Results and dividends

The results for the year are set out on page 7.

Ordinary dividends were paid amounting to £480,000. The directors do not recommend payment of a further dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

D S Archbold OBE
A Maher
J Holmes
Y Archbold
Auditor

The auditor, Pierce C A Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

On behalf of the board
A Maher
Director
7 August 2026
ARCHBOLD LOGISTICS LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -

The directors are responsible 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 company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; 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 company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ARCHBOLD LOGISTICS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF ARCHBOLD LOGISTICS LIMITED
- 4 -
Opinion

We have audited the financial statements of Archbold Logistics Limited (the 'company') for the year ended 31 December 2025 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's 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.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' r eport 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.

ARCHBOLD LOGISTICS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF ARCHBOLD LOGISTICS LIMITED
- 5 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

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:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, 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 company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's 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 auditor's 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.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

In identifying and assessing risks of material misstatement in respect of irregularities we considered the following:

- The nature of the industry and the company’s control environment.

- Results of our enquiries of management.

- The company’s procedures and controls on compliance with laws and regulations and the risks of fraud.

- Discussions among the audit engagement team concerning potential indicators of fraud.

We are also required to perform specific procedures to respond to the risk of management override.

As a result of our audit procedures we did not identify a material risk of fraud.

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

ARCHBOLD LOGISTICS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF ARCHBOLD LOGISTICS LIMITED
- 6 -

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 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 company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

James King (Senior Statutory Auditor)
For and on behalf of Pierce C A Limited
9 August 2026
Statutory Auditor
Mentor House
Ainsworth Street
Blackburn
Lancashire
BB1 6AY
ARCHBOLD LOGISTICS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
2025
2024
Notes
£
£
Turnover
3
30,184,072
28,831,520
Cost of sales
(25,074,482)
(23,451,932)
Gross profit
5,109,590
5,379,588
Administrative expenses
(4,322,270)
(4,165,280)
Other operating income
32,851
24,861
Operating profit
4
820,171
1,239,169
Interest receivable and similar income
1,054
738
Interest payable and similar expenses
8
(92,997)
(72,548)
Profit before taxation
728,228
1,167,359
Tax on profit
9
(253,855)
(340,939)
Profit for the financial year
474,373
826,420
Other comprehensive income
Actuarial gain on defined benefit pension schemes
17,000
9,000
Tax relating to other comprehensive income
7,000
(500)
Total comprehensive income for the year
498,373
834,920

The profit and loss account has been prepared on the basis that all operations are continuing operations.

ARCHBOLD LOGISTICS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 8 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
11
4,390,733
3,543,842
Investments
12
5,000,000
5,000,000
9,390,733
8,543,842
Current assets
Stocks
14
53,977
48,193
Debtors
15
6,643,885
6,501,817
Cash at bank and in hand
921,939
1,460,741
7,619,801
8,010,751
Creditors: amounts falling due within one year
16
(5,991,563)
(5,505,209)
Net current assets
1,628,238
2,505,542
Total assets less current liabilities
11,018,971
11,049,384
Creditors: amounts falling due after more than one year
17
(5,250,301)
(5,573,942)
Provisions for liabilities
Deferred tax liability
19
981,575
734,720
(981,575)
(734,720)
Net assets excluding pension surplus
4,787,095
4,740,722
Defined benefit pension surplus
20
456,000
484,000
Net assets
5,243,095
5,224,722
Capital and reserves
Called up share capital
21
13,000
13,000
Profit and loss reserves
5,230,095
5,211,722
Total equity
5,243,095
5,224,722

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 7 August 2026 and are signed on its behalf by:
Y Archbold
Director
Company registration number 01146071 (England and Wales)
ARCHBOLD LOGISTICS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 9 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2024
13,000
5,126,802
5,139,802
Year ended 31 December 2024:
Profit
-
826,420
826,420
Other comprehensive income:
Actuarial gains on defined benefit plans
-
9,000
9,000
Tax relating to other comprehensive income
-
(500)
(500)
Total comprehensive income
-
834,920
834,920
Dividends
10
-
(750,000)
(750,000)
Balance at 31 December 2024
13,000
5,211,722
5,224,722
Year ended 31 December 2025:
Profit
-
474,373
474,373
Other comprehensive income:
Actuarial gains on defined benefit plans
-
17,000
17,000
Tax relating to other comprehensive income
-
7,000
7,000
Total comprehensive income
-
498,373
498,373
Dividends
10
-
(480,000)
(480,000)
Balance at 31 December 2025
13,000
5,230,095
5,243,095
ARCHBOLD LOGISTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 10 -
1
Accounting policies
Company information

Archbold Logistics Limited is a private company limited by shares incorporated in England and Wales. The registered office is Birch Business Park, Whittle Lane, Heywood, OL10 2SX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

Archbold Logistics Limited is a wholly owned subsidiary of Archbold Holdings Limited and its results a re included in the consolidated financial statements of Archbold Holdings Limited which are available from Albert Road, Morley, Leeds, LS27 8TT.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result the directors continue to adopt the going concern basis of accounting in preparing the financial statements.true

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

ARCHBOLD LOGISTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 11 -
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
Duration of lease
Plant and equipment
5 - 10 years
Fixtures and fittings
5 - 10 years
Computers
4 years
Vehicles and trailers
5 years with 20% residual value (tractor units) and 10 years with 10% residual value (trailer units)

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

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

ARCHBOLD LOGISTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 12 -
1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

ARCHBOLD LOGISTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 13 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

ARCHBOLD LOGISTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 14 -
1.12
Retirement benefits

The cost of providing benefits under defined benefit plans is determined separately for each plan using the projected unit credit method, and is based on actuarial advice.

The change in the net defined benefit liability arising from employee service during the year is recognised as an employee cost. The cost of plan introductions, benefit changes, settlements and curtailments are recognised as an expense in measuring profit or loss in the period in which they arise.

The net interest element is determined by multiplying the net defined benefit liability by the discount rate, taking into account any changes in the net defined benefit liability during the period as a result of contribution and benefit payments. The net interest is recognised in profit or loss as other finance revenue or cost.

Remeasurement changes comprise actuarial gains and losses, the effect of the asset ceiling and the return on the net defined benefit liability excluding amounts included in net interest. These are recognised immediately in other comprehensive income in the period in which they occur and are not reclassified to profit and loss in subsequent periods.

The net defined benefit pension asset or liability in the balance sheet comprises the total for each plan of the present value of the defined benefit obligation (using a discount rate based on high quality corporate bonds), less the fair value of plan assets out of which the obligations are to be settled directly. Fair value is based on market price information, and in the case of quoted securities is the published bid price. The value of a net pension benefit asset is limited to the amount that may be recovered either through reduced contributions or agreed refunds from the scheme.

1.13
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

ARCHBOLD LOGISTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 15 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by geographical market
United Kingdom
22,638,054
21,623,640
Rest of the World
7,546,018
7,207,880
30,184,072
28,831,520
2025
2024
£
£
Other revenue
Interest income
1,054
738
4
Operating profit
2025
2024
Operating profit for the year is stated after charging/(crediting):
£
£
Exchange losses
20,304
51,427
Depreciation of tangible fixed assets
999,145
855,913
Profit on disposal of tangible fixed assets
-
(401)
Operating lease charges
633,199
593,189
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
21,575
20,080
ARCHBOLD LOGISTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 16 -
6
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total employees
140
132

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
8,543,801
7,467,244
Pension costs
107,768
112,061
8,651,569
7,579,305
7
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
279,259
249,667
Pension contributions
16,864
16,283
296,123
265,950
Remuneration disclosed above include the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
208,752
182,904
Company pension contributions to defined contribution schemes
11,723
11,380
8
Interest payable and similar expenses
2025
2024
£
£
Interest on bank overdrafts and loans
16,356
18,183
Interest on finance leases and hire purchase contracts
31,641
47,365
Net interest on the net defined benefit liability
45,000
7,000
92,997
72,548
ARCHBOLD LOGISTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 17 -
9
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
-
0
292,685
Deferred tax
Origination and reversal of timing differences
253,855
48,254
Total tax charge
253,855
340,939

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
728,228
1,167,359
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
182,057
291,840
Tax effect of expenses that are not deductible in determining taxable profit
3,312
3,702
Group relief
68,486
-
0
Deferred tax adjustments in respect of prior years
-
0
45,397
Taxation charge for the year
253,855
340,939

In addition to the amount charged to the profit and loss account, the following amounts relating to tax have been recognised directly in other comprehensive income:

2025
2024
£
£
Deferred tax arising on:
Actuarial differences recognised as other comprehensive income
(7,000)
500
10
Dividends
2025
2024
£
£
Final paid
480,000
750,000
ARCHBOLD LOGISTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 18 -
11
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Vehicles and trailers
Total
£
£
£
£
£
£
Cost
At 1 January 2025
310,791
585,941
782,780
1,533,159
7,326,032
10,538,703
Additions
-
0
35,751
4,399
20,276
1,785,610
1,846,036
At 31 December 2025
310,791
621,692
787,179
1,553,435
9,111,642
12,384,739
Depreciation and impairment
At 1 January 2025
310,791
539,447
727,453
1,507,450
3,909,720
6,994,861
Depreciation charged in the year
-
0
18,145
24,717
13,240
943,043
999,145
At 31 December 2025
310,791
557,592
752,170
1,520,690
4,852,763
7,994,006
Carrying amount
At 31 December 2025
-
64,100
35,009
32,745
4,258,879
4,390,733
At 31 December 2024
-
0
46,494
55,327
25,709
3,416,312
3,543,842

Included within tangible fixed assets are assets held under finance leases or hire purchase contracts, as follows:

2025
2024
£
£
Vehicles and trailers
506,487
1,751,868
12
Fixed asset investments
2025
2024
Notes
£
£
Investments in subsidiaries
13
5,000,000
5,000,000
13
Subsidiaries

Details of the company's subsidiaries at 31 December 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Archbold Logistics (Manchester) Limited
Unit H Whittle Lane, Birch Business Park, Heywood, Lancashire, United Kingdom, OL10 2SX
Ordinary
100.00
ARCHBOLD LOGISTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 19 -
14
Stocks
2025
2024
£
£
Raw materials and consumables
53,977
48,193
15
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
5,989,681
6,002,939
Amounts owed by group undertakings
121,228
11,780
Other debtors
65,684
17,676
Prepayments and accrued income
467,292
469,422
6,643,885
6,501,817
16
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
424,719
-
0
Obligations under finance leases
323,636
320,023
Trade creditors
2,724,832
2,854,245
Amounts owed to group undertakings
937,287
578,451
Corporation tax
138
242,823
Other taxation and social security
818,626
358,271
Other creditors
16,522
13,762
Accruals and deferred income
745,803
1,137,634
5,991,563
5,505,209

Bank loans and overdrafts relate to an invoice discounting facility that is secured on the trade debtors of the company.

ARCHBOLD LOGISTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 20 -
17
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases
250,301
573,942
Amounts owed to group undertakings
5,000,000
5,000,000
5,250,301
5,573,942

Obligations under finance leases are secured over the assets concerned.

Amounts owed to group undertakings relates to monies owed to the company's wholly owned subsidiary, Archbold Logistics (Manchester) Limited, as at 31 December 2025. The loan is unsecured and is repayable at any time, by the Lender giving at least 367 days’ written notice to the Borrower, at its own discretion.

18
Finance lease obligations
2025
2024
Amounts due:
£
£
Within one year
323,636
320,023
After more than one year
250,301
573,942
573,937
893,965
2025
2024
Future minimum lease payments due:
£
£
Within one year
323,636
320,023
In two to five years
250,301
573,942
573,937
893,965

Hire purchase obligations represent amounts payable by the company for certain items of plant and machinery. Contracts include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average contract term is 5 years. All contracts are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

ARCHBOLD LOGISTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 21 -
19
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
950,684
711,713
Retirement benefit obligations
114,000
121,000
Other
(83,109)
(97,993)
981,575
734,720
2025
Movements in the year:
£
Liability at 1 January 2025
734,720
Charge to profit or loss
246,855
Liability at 31 December 2025
981,575
ARCHBOLD LOGISTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 22 -
20
Retirement benefit schemes
Defined contribution schemes

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

Defined benefit schemes

The employer operates a defined benefit scheme in the UK. This is a separate trustee administered fund holding the pension scheme assets to meet long term pension liabilities. The last full actuarial valuation was as at 6 April 2022, and the results were updated to 31 December 202 5 by a qualified actuary, independent of the scheme's sponsoring employer. The major assumptions used by the actuary are shown below.

The most recent completed actuarial valuation as at 6 April 2022 showed a deficit of £0.66m, but an update as at 28 February 2023 showed that the scheme had moved into a surplus of £0.15m. The employer agreed with the trustees that no deficit reducing contributions are payable going forward but this will be revised at the next funding valuation. It was also agreed that the employer will pay the PPF and Pension Regulator levies but the scheme will cover other scheme expenses. The Company expects to pay £0 to the Scheme during the accounting year commencing 1 January 202 6.

2025
2024
Key assumptions
%
%
Discount rate
5.6
5.5
Expected rate of increase of pensions in payment
2.55
2.7
Inflation (CPI)
2.55
2.7
Inflation (RPI)
2.85
3.1
Mortality assumptions
2025
2024

Assumed life expectations on retirement at age 65:

Years
Years
Retiring in 2024
- Males
21.6
21.2
- Females
23.8
23.8
Retiring in 20 years
- Males
22.8
22.4
- Females
25.3
25.2
2025
2024

Amounts recognised in the profit and loss account

£
£
Current service cost
70,000
29,000
Net interest on net defined benefit liability/(asset)
135,000
125,000
Other costs and income
(160,000)
(147,000)
Total costs
45,000
7,000
ARCHBOLD LOGISTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
20
Retirement benefit schemes
(Continued)
- 23 -
2025
2024

Amounts taken to other comprehensive income

£
£
Actual return on scheme assets
112,000
288,000
Less: calculated interest element
-
-
Return on scheme assets excluding interest income
112,000
288,000
Actuarial changes related to obligations
(129,000)
(297,000)
Total costs/(income)
(17,000)
(9,000)

The amounts included in the balance sheet arising from the company's obligations in respect of defined benefit plans are as follows:

2025
2024
£
£
Present value of defined benefit obligations
2,382,000
2,527,000
Fair value of plan assets
(2,838,000)
(3,011,000)
Surplus in scheme
(456,000)
(484,000)
2025

Movements in the present value of defined benefit obligations

£
Liabilities at 1 January 2025
2,527,000
Current service cost
70,000
Benefits paid
(221,000)
Actuarial gains and losses
(129,000)
Interest cost
135,000
At 31 December 2025
2,382,000

The defined benefit obligations arise from plans which are wholly or partly funded.

2025

Movements in the fair value of plan assets

£
Fair value of assets at 1 January 2025
3,011,000
Return on plan assets (excluding amounts included in net interest)
(112,000)
Benefits paid
(221,000)
Other
160,000
At 31 December 2025
2,838,000

The actual return on plan assets was positive £48,000 (20 2 4 - negative £141,000).

ARCHBOLD LOGISTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
20
Retirement benefit schemes
(Continued)
- 24 -
2025
2024

Fair value of plan assets at the reporting period end

£
£
Bonds
2,761,099
2,852,958
Other
76,901
158,042
2,838,000
3,011,000

None of the fair values of the assets shown above include any direct investments in the employer's own financial instruments or any property occupied by, or other assets used by, the employer.

The best estimate of contributions to be paid by the employer to the scheme in 202 6 is £Nil.

21
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
13,000
13,000
13,000
13,000
22
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within 1 year
396,119
389,667
Years 2-5
1,558,670
1,558,670
After 5 years
779,335
1,169,003
2,734,124
3,117,340
23
Ultimate controlling party

The immediate and ultimate parent company is Archbold Holdings Limited, a company registered in England and Wales.

The ultimate controlling parties are Mr D S Archbold, Mr X M Archbold, Mrs B Archbold, Mrs D Archbold, Mr Y Archbold and Mrs C C L Archbold. This is by virtue of their shareholding in the company's ultimate parent company, Archbold Holdings Limited.

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