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REGISTERED NUMBER: 12739977 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

| FOR |

| HWC LOGISTICS LIMITED |

HWC LOGISTICS LIMITED (REGISTERED NUMBER: 12739977)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

HWC LOGISTICS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | J J Whiteley

| J Oxley

| V A Grant

| S C Mclaren

| L Foucher

| REGISTERED OFFICE: | Unit 8 Capitol Industrial Estate

| Fulmar Way

| Wickford

| Essex

| SS11 8YW

| REGISTERED NUMBER: | 12739977 (England and Wales)

| AUDITORS: | Watson Associates (Audit Services) Ltd

| Statutory Auditor

| 30 - 34 North Street

| Hailsham

| East Sussex

| BN27 1DW

HWC LOGISTICS LIMITED (REGISTERED NUMBER: 12739977)

BALANCE SHEET

31 DECEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,360,892 |  | 1,342,852 |  |

CURRENT ASSETS

Debtors | 5 | 2,563,505 |  | 2,655,897 |  |

Cash at bank | 262,245 |  | 189,305 |  |

2,825,750 |  | 2,845,202 |  |

CREDITORS

Amounts falling due within one year | 6 | (3,229,310 | ) | (3,975,554 | ) |

NET CURRENT LIABILITIES | (403,560 | ) | (1,130,352 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 957,332 |  | 212,500 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (181,195 | ) | - |  |

PROVISIONS FOR LIABILITIES | (339,235 | ) | (335,713 | ) |

NET ASSETS/(LIABILITIES) | 436,902 |  | (123,213 | ) |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Retained earnings | 436,802 |  | (123,313 | ) |

SHAREHOLDERS' FUNDS | 436,902 |  | (123,213 | ) |

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2026 and were signed on its behalf by:

J J Whiteley - Director

HWC LOGISTICS LIMITED (REGISTERED NUMBER: 12739977)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

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

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

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

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Land and buildings | - | 20% on cost

| Plant and machinery etc | - | 25% on cost and 20% on cost

| Financial instruments

| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

| Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

| Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an 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.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

HWC LOGISTICS LIMITED (REGISTERED NUMBER: 12739977)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Hire purchase and leasing commitments

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

| Pension costs and other post-retirement benefits

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

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 48 (2024 - 55 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 50,386 |  | 2,543,244 |  | 2,593,630 |  |

| Additions | 210,018 |  | 239,286 |  | 449,304 |  |

| Disposals | - |  | (197,000 | ) | (197,000 | ) |

| At 31 December 2025 | 260,404 |  | 2,585,530 |  | 2,845,934 |  |

| DEPRECIATION

| At 1 January 2025 | 46,215 |  | 1,204,563 |  | 1,250,778 |  |

| Charge for year | 21,672 |  | 295,075 |  | 316,747 |  |

| Eliminated on disposal | - |  | (82,483 | ) | (82,483 | ) |

| At 31 December 2025 | 67,887 |  | 1,417,155 |  | 1,485,042 |  |

| NET BOOK VALUE

| At 31 December 2025 | 192,517 |  | 1,168,375 |  | 1,360,892 |  |

| At 31 December 2024 | 4,171 |  | 1,338,681 |  | 1,342,852 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 14,975 |  | 43,605 |  |

| Amounts owed by group undertakings | 2,028,034 |  | 2,276,207 |  |

| Other debtors | 520,496 |  | 336,085 |  |

2,563,505 |  | 2,655,897 |  |

HWC LOGISTICS LIMITED (REGISTERED NUMBER: 12739977)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 8) | 43,721 |  | - |  |

| Trade creditors | 63,741 |  | 195,031 |  |

| Amounts owed to group undertakings | 2,457,852 |  | 3,236,449 |  |

| Taxation and social security | 306,455 |  | 232,929 |  |

| Other creditors | 357,541 |  | 311,145 |  |

3,229,310 |  | 3,975,554 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 8) | 181,195 |  | - |  |

8. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 43,721 |  | - |  |

| Between one and five years | 181,195 |  | - |  |

224,916 |  | - |  |

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 1,302,359 |  | 466,565 |  |

| Between one and five years | 1,519,418 |  | - |  |

2,821,777 |  | 466,565 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 93 | Ordinary | £1 | 93 |  | 93 |  |

| 7 | Ordinary A | £1 | 7 |  | 7 |  |

100 |  | 100 |  |

HWC LOGISTICS LIMITED (REGISTERED NUMBER: 12739977)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Stephen James Moore (Senior Statutory Auditor)

| for and on behalf of Watson Associates (Audit Services) Ltd