Company registration number 00323812 (England and Wales)
ARCHBOLD HOLDINGS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
ARCHBOLD HOLDINGS LIMITED
COMPANY INFORMATION
Directors
D S Archbold OBE
Y Archbold
A Maher
B I C Hart
X M Archbold
D C K Pitman
J S Wilson
(Appointed 1 January 2025)
C C L Archbold
(Appointed 1 September 2025)
Secretary
J Holmes
Company number
00323812
Registered office
Albert Road
Morley
Leeds
West Yorkshire
LS27 8TT
Auditor
Pierce C A Limited
Mentor House
Ainsworth Street
Blackburn
Lancashire
BB1 6AY
Business address
Albert Road
Morley
Leeds
West Yorkshire
LS27 8TT
ARCHBOLD HOLDINGS LIMITED
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3
Directors' responsibilities statement
4
Independent auditor's report
5 - 7
Group statement of comprehensive income
8
Group balance sheet
9 - 10
Company balance sheet
11
Group statement of changes in equity
12
Company statement of changes in equity
13
Group statement of cash flows
14
Notes to the financial statements
15 - 36
ARCHBOLD HOLDINGS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 1 -

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

Fair review of the business

During the year ended 31 December 2025, the group continued to invest in its operations, people, and infrastructure across all its trading activities, with the objective of delivering excellent standards of service to its customers.

The group delivered a significant improvement in financial performance during the year. Group turnover increased to £47,817,652 (2024: £37,745,392), representing growth of approximately 27% compared with the prior year. Profit before taxation increased to £2,547,939 (2024: £1,658,476), representing growth of approximately 54% on the prior year, and demonstrating the group's ability to convert higher revenues into meaningfully improved profitability.

The increase in turnover reflects both the continued organic growth achieved by the group's established operations and the contribution of activities that joined the group during the prior year. The group's customer base continued to develop during the period, with both the retention of existing customers and the onboarding of new ones contributing to the overall revenue growth. The directors believe that the group's continued focus on delivering excellent customer service has been a key driver of both customer retention and new business wins, supporting the strong sales growth achieved during the year.

The cost base increased during the year, reflecting both the higher activity levels across the group and the impact of broader macroeconomic pressures. In particular, the increase in the National Living Wage and higher employers' National Insurance contributions that took effect from April 2025 added to the group's employment cost base. The directors continue to monitor costs closely and to pursue efficiencies across all areas of the business.

The group remains committed to its environmental responsibilities and continues to invest in energy-efficient equipment and processes with the aim of limiting the environmental impact of its activities. Alongside this, the group will continue to invest in its people through training and development, and to maintain its focus on delivering high-quality customer service, which the directors regard as central to the group's continued growth.

Principal risks and uncertainties

The main risks and uncertainties facing the group, 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 group.

Key performance indicators

The key performance indicators used by the group 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.

Other performance indicators

At 31 December 2025, the Group employed an average of 239 people (2024: 206) across the three trading subsidiary entities. We continue to invest in the development of our staff both internally and externally.

We continue to appraise all systems and staff wellbeing, and actively promote a positive culture across the company.

Policy on payment to suppliers

It is the Group's policy to agree the terms and conditions under which business transactions are conducted with each supplier. The Group will abide by the agreed payment terms where the supplier has provided goods or services in accordance with the terms and conditions of the agreement. Trade creditors of the Group at 31 December 2025 were equivalent to 40 days' purchases (2024 : 47 days), based on the average daily amount invoiced by suppliers during the period.

ARCHBOLD HOLDINGS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
Promoting the success of the group

The Directors have acted in the way they consider, in good faith, would be most likely to promote the success of the Group for the benefit of its members as a whole. In doing so, the Directors have had regard to the matters set out in Section 172(1) of the Companies Act 2006, including the likely long-term consequences of decisions, the interests of employees, relationships with customers, suppliers and other stakeholders, the impact of the Group's operations on the community and environment, the maintenance of high standards of business conduct, and the need to act fairly between members of the Group.

During the year, the Directors continued to focus on the sustainable growth and long-term success of the business. Key decisions were taken with consideration of their impact on stakeholders and the Group's strategic objectives. The Directors maintained regular engagement with employees, customers and suppliers to support effective decision-making and to ensure that stakeholder interests were appropriately considered.

The Board believes that fostering strong relationships with stakeholders, maintaining sound governance practices and managing the business responsibly contribute to the Group's ongoing success and create long-term value for its members.

On behalf of the board

Y Archbold
Director
31 July 2026
ARCHBOLD HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -

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

Principal activities

The principal activity of the company continued to be that of a holding company of the operating businesses owned by the company. The principal activity of the g roup continued to be that of a logistics and warehousing provide r, a provider of vehicle repairs and servicing, and specialist packaging.

Results and dividends

The results for the year are set out on page 8.

Ordinary dividends were paid amounting to £250,000. 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
Y Archbold
A Maher
B I C Hart
X M Archbold
D C K Pitman
J S Wilson
(Appointed 1 January 2025)
C C L Archbold
(Appointed 1 September 2025)
Auditor

In accordance with the company's articles, a resolution proposing that Pierce C A Limited be reappointed as auditor of the group will be put at a General Meeting.

Energy and carbon report

As the company has not consumed more than 40,000 kWh of energy in this reporting period, it qualifies as a low energy user under these regulations and is not required to report on its emissions, energy consumption or energy efficiency activities. The subsidiary companies are not within the scope of the requirements.

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 auditor of the company 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 auditor of the company is aware of that information.

On behalf of the board
Y Archbold
Director
31 July 2026
ARCHBOLD HOLDINGS LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -

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 group and 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 then 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;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and 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 company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ARCHBOLD HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF ARCHBOLD HOLDINGS LIMITED
- 5 -
Opinion

We have audited the financial statements of Archbold Holdings Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows 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 group's and the parent company's affairs as at 31 December 2025 and of the group's profit for the year then ended;

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

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

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent 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 group's 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 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:

- T he 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 HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF ARCHBOLD HOLDINGS LIMITED
- 6 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their 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 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' 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 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 parent 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 and group's control environment.

- Results of our enquiries of management.

- The company and group'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 HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF ARCHBOLD HOLDINGS LIMITED
- 7 -

Use of our report

This report is made solely to the parent 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 parent 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 parent company and the parent 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 HOLDINGS LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
2025
2024
Notes
£
£
Turnover
3
47,817,652
37,745,392
Cost of sales
(36,637,105)
(29,153,906)
Gross profit
11,180,547
8,591,486
Administrative expenses
(8,625,066)
(7,124,979)
Other operating income
218,926
377,757
Operating profit
4
2,774,407
1,844,264
Interest receivable and similar income
2,177
1,730
Interest payable and similar expenses
(228,645)
(187,518)
Profit before taxation
2,547,939
1,658,476
Tax on profit
8
(687,787)
(534,957)
Profit for the financial year
1,860,152
1,123,519
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
1,884,152
1,132,019
Profit for the financial year is all attributable to the owners of the parent company.
Total comprehensive income for the year is all attributable to the owners of the parent company.

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

ARCHBOLD HOLDINGS LIMITED
GROUP BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 9 -
2025
2024
Notes
£
£
£
£
Fixed assets
Goodwill
9
966,766
1,091,510
Other intangible assets
9
62,990
21,250
Total intangible assets
1,029,756
1,112,760
Tangible assets
10
8,683,510
7,295,348
9,713,266
8,408,108
Current assets
Stocks
13
934,388
852,156
Debtors
14
8,685,500
7,731,077
Cash at bank and in hand
3,033,266
2,446,236
12,653,154
11,029,469
Creditors: amounts falling due within one year
15
(7,883,456)
(6,553,793)
Net current assets
4,769,698
4,475,676
Total assets less current liabilities
14,482,964
12,883,784
Creditors: amounts falling due after more than one year
16
(1,750,301)
(2,102,244)
Provisions for liabilities
Deferred tax liability
19
1,150,839
861,868
(1,150,839)
(861,868)
Net assets excluding pension surplus
11,581,824
9,919,672
Defined benefit pension surplus
20
456,000
484,000
Net assets
12,037,824
10,403,672
Capital and reserves
Called up share capital
21
195,796
195,796
Revaluation reserve
1,566,254
1,566,254
Capital redemption reserve
175,392
175,392
Profit and loss reserves
10,100,382
8,466,230
Total equity
12,037,824
10,403,672
ARCHBOLD HOLDINGS LIMITED
GROUP BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 10 -
The financial statements were approved by the board of directors and authorised for issue on 31 July 2026 and are signed on its behalf by:
31 July 2026
Y Archbold
Director
Company registration number 00323812 (England and Wales)
ARCHBOLD HOLDINGS LIMITED
COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 11 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
10
2,918,927
2,753,283
Investments
11
1,538,000
1,538,000
4,456,927
4,291,283
Current assets
Debtors
14
2,628,247
1,403,144
Cash at bank and in hand
548,570
126,433
3,176,817
1,529,577
Creditors: amounts falling due within one year
15
(631,835)
(333,483)
Net current assets
2,544,982
1,196,094
Total assets less current liabilities
7,001,909
5,487,377
Creditors: amounts falling due after more than one year
16
(1,500,000)
(1,500,000)
Provisions for liabilities
Deferred tax liability
19
32,838
70,718
(32,838)
(70,718)
Net assets
5,469,071
3,916,659
Capital and reserves
Called up share capital
21
195,796
195,796
Revaluation reserve
1,392,991
1,392,991
Capital redemption reserve
175,392
175,392
Profit and loss reserves
3,704,892
2,152,480
Total equity
5,469,071
3,916,659

As permitted by s408 Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £1,802,413 (2024 - £956,139 profit).

The financial statements were approved by the board of directors and authorised for issue on 31 July 2026 and are signed on its behalf by:
31 July 2026
Y Archbold
Director
Company registration number 00323812 (England and Wales)
ARCHBOLD HOLDINGS LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 12 -
Share capital
Revaluation reserve
Capital redemption reserve
Profit and loss reserves
Total
£
£
£
£
£
Balance at 1 January 2024
195,996
1,566,254
175,192
7,657,910
9,595,352
Year ended 31 December 2024:
Profit for the year
-
-
-
1,123,519
1,123,519
Other comprehensive income:
Actuarial gains on defined benefit plans
-
-
-
9,000
9,000
Tax relating to other comprehensive income
-
-
0
-
(500)
(500)
Total comprehensive income
-
-
-
1,132,019
1,132,019
Dividends
-
-
-
(123,699)
(123,699)
Own shares acquired
-
-
-
(200,000)
(200,000)
Redemption of shares
(200)
-
200
-
-
0
Balance at 31 December 2024
195,796
1,566,254
175,392
8,466,230
10,403,672
Year ended 31 December 2025:
Profit for the year
-
-
-
1,860,152
1,860,152
Other comprehensive income:
Actuarial gains on defined benefit plans
-
-
-
17,000
17,000
Tax relating to other comprehensive income
-
-
0
-
7,000
7,000
Total comprehensive income
-
-
-
1,884,152
1,884,152
Dividends
-
-
-
(250,000)
(250,000)
Balance at 31 December 2025
195,796
1,566,254
175,392
10,100,382
12,037,824
ARCHBOLD HOLDINGS LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 13 -
Share capital
Revaluation reserve
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 January 2024
195,996
1,392,991
175,192
1,520,039
3,284,218
Year ended 31 December 2024:
Profit and total comprehensive income for the year
-
-
-
956,140
956,140
Dividends
-
-
-
(123,699)
(123,699)
Own shares acquired
-
-
-
(200,000)
(200,000)
Redemption of shares
21
(200)
-
200
-
-
0
Balance at 31 December 2024
195,796
1,392,991
175,392
2,152,480
3,916,659
Year ended 31 December 2025:
Profit and total comprehensive income
-
-
-
1,802,412
1,802,412
Dividends
-
-
-
(250,000)
(250,000)
Balance at 31 December 2025
195,796
1,392,991
175,392
3,704,892
5,469,071
ARCHBOLD HOLDINGS LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 14 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
25
4,021,824
3,909,255
Interest paid
(183,645)
(180,518)
Income taxes paid
(421,031)
(39,972)
Net cash inflow from operating activities
3,417,148
3,688,765
Investing activities
Purchase of intangible assets
(46,825)
(21,250)
Purchase of tangible fixed assets
(2,607,260)
(848,569)
Proceeds from disposal of tangible fixed assets
-
39,200
Interest received
2,178
1,731
Net cash used in investing activities
(2,651,907)
(828,888)
Financing activities
Purchase of redeemable preference shares
-
0
(200,000)
Repayment of bank loans
(32,902)
(4,600)
Payment of finance leases obligations
(320,028)
(541,104)
Dividends paid to equity shareholders
(250,000)
(123,699)
Net cash used in financing activities
(602,930)
(869,403)
Net increase in cash and cash equivalents
162,311
1,990,474
Cash and cash equivalents at beginning of year
2,446,236
455,762
Cash and cash equivalents at end of year
2,608,547
2,446,236
Relating to:
Cash at bank and in hand
3,033,266
2,446,236
Bank overdrafts included in creditors payable within one year
(424,719)
-
ARCHBOLD HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 15 -
1
Accounting policies
Company information

Archbold Holdings Ltd (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is Albert Road, Morley, Leeds, West Yorkshire, LS27 8TT.

The group consists of Archbold Holdings Ltd and all of its subsidiaries.

1.1
Basis of preparation

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, modified to include freehold properties at fair value. The principal accounting policies adopted are set out below.

The 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. The company has therefore taken advantage of exemptions from the following disclosure requirements for parent company information presented within the consolidated financial statements:

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

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

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

1.2
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Archbold Holdings Ltd together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

All financial statements are made up to 31 December 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

ARCHBOLD HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 16 -
1.4
Going concern

The group finances its operations by means of invoice financing facilities and hire purchase agreements. The directors are not aware of any reason why th ese facilit ies will not be maintained at their current level. As a result the directors have continued to adopt the going concern basis in preparing the financial statements.

1.5
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 and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), 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.

1.6
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.7
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation 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:

Software
20% straight line
ARCHBOLD HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 17 -
1.8
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less accumulated depreciation.

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:

Freehold land and buildings
No depreciation charged or 10 - 50 years
Leasehold land and buildings
Shorter of useful life or duration of lease
Leasehold improvements
Shorter of useful life or duration of lease
Plant and equipment
3 - 10 years
Fixtures and fittings
3 - 10 years
Computers
3 - 5 years
Vehicles and trailers
5 years with 20% residual value (tractor units) and 10 years with 10% residual value (trailers)

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 recognised in the profit and loss account.

No depreciation is charged on freehold property on the basis that the charge is immaterial to the financial statements.

1.9
Fixed asset investments

Equity in vest ments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

I n the parent company financial statements, investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

ARCHBOLD HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 18 -
1.10
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible 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.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

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.

1.11
Stocks

Stocks are valued at the lower of cost and net realisable value.

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.

1.12
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 HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 19 -
1.13
Financial instruments

The group 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 group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and 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 m ethod 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 group 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 group after deducting all of its liabilities.

ARCHBOLD HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 20 -
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. Amounts 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.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.14
Equity instruments

Equity instruments issued by the group 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 group.

1.15
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 group’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.

1.16
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.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

ARCHBOLD HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 21 -
1.17
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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.

1.18
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 d 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.

ARCHBOLD HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 22 -
2
Judgements and key sources of estimation uncertainty

In the application of the group’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
2025
2024
£
£
Turnover analysed by class of business
Logistics and warehousing
30,184,072
28,831,520
Vehicle servicing and repairs
4,954,630
5,156,116
Packaging
12,678,950
3,757,756
47,817,652
37,745,392
2025
2024
£
£
Turnover analysed by geographical market
United Kingdom
40,271,635
30,537,512
Rest of the World
7,546,017
7,207,880
47,817,652
37,745,392
4
Operating profit
2025
2024
£
£
Operating profit for the year is stated after charging/(crediting):
Exchange losses
49,431
51,427
Research and development costs
72,964
79,951
Depreciation of owned tangible fixed assets
1,029,504
718,715
Depreciation of tangible fixed assets held under finance leases
189,594
317,116
Profit on disposal of tangible fixed assets
-
(6,504)
Amortisation of intangible assets
129,829
124,744
Operating lease charges
845,493
807,568
ARCHBOLD HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 23 -
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 group and company
5,475
5,090
Audit of the financial statements of the company's subsidiaries
44,625
43,980
50,100
49,070
6
Employees

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

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
Directors
11
10
8
6
Staff
228
196
4
3
Total
239
206
12
9

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
14,187,041
10,714,711
885,147
557,364
Social security costs
183,651
35,359
-
-
Pension costs
221,824
261,211
34,022
65,362
14,592,516
11,011,281
919,169
622,726
ARCHBOLD HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 24 -
7
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
754,689
519,938
Company pension contributions to defined contribution schemes
17,315
56,672
772,004
576,610
Remuneration disclosed above includes the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
281,957
207,208
Company pension contributions to defined contribution schemes
110
40,389

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 8 (2024 - 8).

ARCHBOLD HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 25 -
8
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
391,816
471,044
Deferred tax
Origination and reversal of timing differences
295,971
63,913
Total tax charge
687,787
534,957

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
2,547,939
1,658,476
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
636,985
414,619
Tax effect of expenses that are not deductible in determining taxable profit
109,047
41,198
Other
(58,245)
79,140
Taxation charge
687,787
534,957

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
ARCHBOLD HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 26 -
9
Intangible fixed assets
Group
Goodwill
Software
Total
£
£
£
Cost
At 1 January 2025
1,247,440
21,250
1,268,690
Additions
-
0
46,825
46,825
At 31 December 2025
1,247,440
68,075
1,315,515
Amortisation and impairment
At 1 January 2025
155,930
-
0
155,930
Amortisation charged for the year
124,744
5,085
129,829
At 31 December 2025
280,674
5,085
285,759
Carrying amount
At 31 December 2025
966,766
62,990
1,029,756
At 31 December 2024
1,091,510
21,250
1,112,760
The company had no intangible fixed assets at 31 December 2025 or 31 December 2024.
ARCHBOLD HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 27 -
10
Tangible fixed assets
Group
Freehold land and buildings
Leasehold land and buildings
Leasehold improvements
Assets under construction
Plant and equipment
Fixtures and fittings
Computers
Vehicles and trailers
Total
£
£
£
£
£
£
£
£
£
Cost
At 1 January 2025
3,152,052
624,156
-
0
10,325
1,486,196
1,599,958
1,766,905
7,470,923
16,110,515
Additions
156,544
-
0
72,209
63,360
443,821
63,640
22,076
1,785,610
2,607,260
Transfers
-
0
-
0
10,325
(10,325)
-
0
-
0
-
0
-
0
-
0
At 31 December 2025
3,308,596
624,156
82,534
63,360
1,930,017
1,663,598
1,788,981
9,256,533
18,717,775
Depreciation and impairment
At 1 January 2025
105,701
424,774
-
0
-
0
1,178,577
1,377,485
1,723,124
4,005,506
8,815,167
Depreciation charged in the year
12,385
11,803
10,281
-
0
132,344
66,224
25,245
960,816
1,219,098
At 31 December 2025
118,086
436,577
10,281
-
0
1,310,921
1,443,709
1,748,369
4,966,322
10,034,265
Carrying amount
At 31 December 2025
3,190,510
187,579
72,253
63,360
619,096
219,889
40,612
4,290,211
8,683,510
At 31 December 2024
3,046,351
199,382
-
0
10,325
307,619
222,473
43,781
3,465,417
7,295,348
ARCHBOLD HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 28 -
Company
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
£
Cost
At 1 January 2025
2,613,820
53,739
453,247
14,508
3,135,314
Additions
156,544
-
0
31,709
700
188,953
At 31 December 2025
2,770,364
53,739
484,956
15,208
3,324,267
Depreciation and impairment
At 1 January 2025
-
0
38,330
332,887
10,814
382,031
Depreciation charged in the year
-
0
2,431
19,063
1,815
23,309
At 31 December 2025
-
0
40,761
351,950
12,629
405,340
Carrying amount
At 31 December 2025
2,770,364
12,978
133,006
2,579
2,918,927
At 31 December 2024
2,613,820
15,409
120,360
3,694
2,753,283

The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts.

Group
Company
2025
2024
2025
2024
£
£
£
£
Vehicles and trailers
506,487
1,751,868
-
0
-
0

The freehold property is stated at the directors' estimate of open market value as at 31 December 202 5. Had the property not been revalued its historic cost would have been £688,701 (20 24: £532,157).

ARCHBOLD HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 29 -
11
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
12
-
0
-
0
1,538,000
1,538,000
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 January 2025 and 31 December 2025
1,538,000
Carrying amount
At 31 December 2025
1,538,000
At 31 December 2024
1,538,000
12
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
Indirect
Archbold Logistics Limited
Birch Business Park, Whittle Lane, Heywood, OL10 2SX
Ordinary
100.00
-
Archbold Carshop Limited
Prospect Garage, Church Street, Morley, Leeds, LS27 8LY
Ordinary
100.00
-
Archbold Logistics (Manchester) Limited
Birch Business Park, Whittle Lane, Heywood, OL10 2SX
Ordinary
0
100.00
Puffin Packaging Limited
Archbold House, Albert Road, Leeds, West Yorkshire, United Kingdom, LS27 8TT
Ordinary
100.00
-
13
Stocks
Group
Company
2025
2024
2025
2024
£
£
£
£
Raw materials and consumables
785,977
733,178
-
-
Finished goods and goods for resale
148,411
118,978
-
0
-
0
934,388
852,156
-
-
ARCHBOLD HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 30 -
14
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
7,883,377
7,171,742
5,350
9,576
Amounts owed by group undertakings
-
0
-
0
2,604,822
1,376,053
Other debtors
65,684
17,676
-
0
-
0
Prepayments and accrued income
736,439
541,659
18,075
17,515
8,685,500
7,731,077
2,628,247
1,403,144
15
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
17
424,719
4,599
-
0
-
0
Obligations under finance leases
18
323,636
320,023
-
0
-
0
Trade creditors
3,800,624
3,653,187
36,609
40,759
Amounts owed to group undertakings
-
0
-
0
250,316
-
0
Corporation tax payable
391,994
421,209
-
0
63,511
Other taxation and social security
1,386,671
607,914
58,024
38,824
Other creditors
26,819
24,614
10,036
9,045
Accruals and deferred income
1,528,993
1,522,247
276,850
181,344
7,883,456
6,553,793
631,835
333,483

The bank loans and overdrafts includes a bank overdraft and an invoice discounting facility, both are secured by a debenture in favour of the company's bankers. The debenture is in respect of all monies due or to become due from the company to the chargee is secured against all and future assets of the company.

16
Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
17
-
0
28,302
-
0
-
0
Obligations under finance leases
18
250,301
573,942
-
0
-
0
Other borrowings
17
1,500,000
1,500,000
1,500,000
1,500,000
1,750,301
2,102,244
1,500,000
1,500,000
Amounts included above which fall due after five years are as follows:
Payable by instalments
-
7,742
-
-
ARCHBOLD HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 31 -
17
Loans and overdrafts
Group
Company
2025
2024
2025
2024
£
£
£
£
Bank loans
-
0
32,901
-
0
-
0
Bank overdrafts
424,719
-
0
-
0
-
0
Preference shares
1,500,000
1,500,000
1,500,000
1,500,000
1,924,719
1,532,901
1,500,000
1,500,000
Payable within one year
424,719
4,599
-
0
-
0
Payable after one year
1,500,000
1,528,302
1,500,000
1,500,000
18
Finance lease obligations
Group
Company
2025
2024
2025
2024
£
£
£
£
Future minimum lease payments due under finance leases:
Within one year
323,636
320,023
-
0
-
0
In two to five years
250,301
573,942
-
0
-
0
573,937
893,965
-
-

Hire purchase obligations represent amounts payable by the company or group 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 lease term is 5 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

ARCHBOLD HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 32 -
19
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
Liabilities
2025
2024
Group
£
£
Accelerated capital allowances
1,081,617
800,530
Retirement benefit obligations
114,000
121,000
Freehold property
38,331
38,331
Other
(83,109)
(97,993)
1,150,839
861,868
Liabilities
Liabilities
2025
2024
Company
£
£
Accelerated capital allowances
(5,493)
32,387
Freehold property
38,331
38,331
32,838
70,718
Group
Company
2025
2025
Movements in the year:
£
£
Liability at 1 January 2025
861,868
70,718
Charge/(credit) to profit or loss
288,971
(37,880)
Liability at 31 December 2025
1,150,839
32,838
ARCHBOLD HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 33 -
20
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
70,764
91,346

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group 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 today
- Males
21.6
21.2
- Females
23.8
23.8
Retiring in 20 years
- Males
22.8
22.4
- Females
25.3
25.2
ARCHBOLD HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
20
Retirement benefit schemes
(Continued)
- 34 -

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

2025
2024
Group
£
£
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)
The company had no post employment benefits at 31 December 2025 or 1 January 2025.
Group
2025
2024
Amounts recognised in the profit and loss account
£
£
Costs/(income):
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
Group
2025
2024
Amounts recognised in other comprehensive income
£
£
Costs/(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)
Group
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.

ARCHBOLD HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
20
Retirement benefit schemes
(Continued)
- 35 -
Group
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 24 - negative £141,000).

Group
2025
2024
Fair value of plan assets
£
£
Bonds
2,761,000
2,852,958
Other
77,000
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 2026 is £0.

21
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
195,796
195,796
195,796
195,796
22
Non-distributable profits reserve

The profit and loss reserves include £670,510 (2024 - £670,510) of non-distributable profits.

ARCHBOLD HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 36 -
23
Operating lease commitments
Lessee

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

Group
Company
2025
2024
2025
2024
£
£
£
£
Within one year
694,769
873,077
-
-
Between two and five years
2,260,945
1,723,760
-
-
In over five years
1,367,795
1,796,051
-
-
4,323,509
4,392,888
-
-
24
Controlling party

The company is under the control of several members of the Archbold family, by virtue of their combined shareholdings in the company.

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 b y virtue of their shareholdings in the company.

25
Cash generated from group operations
2025
2024
£
£
Profit after taxation
1,860,152
1,123,519
Adjustments for:
Taxation charged
687,787
534,957
Finance costs
228,645
187,518
Investment income
(2,177)
(1,730)
Gain on disposal of tangible fixed assets
-
(6,504)
Amortisation and impairment of intangible assets
129,829
124,744
Depreciation and impairment of tangible fixed assets
1,219,098
1,035,831
Movements in working capital:
Increase in stocks
(82,232)
(406,717)
(Increase)/decrease in debtors
(954,423)
1,094,940
Increase in creditors
935,145
222,697
Cash generated from operations
4,021,824
3,909,255
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