Registered number: 06574030
COMPANY INFORMATION
CONTENTS
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2026
The Directors present the Strategic report for the year ended 31 March 2026.
Autoguard Warranties Ltd derives its income from the provision of non regulated service and maintenance plans and regulated motor vehicle warranties to the UK automobile industry, as well as directly to individuals in the UK. The service and maintenance plans, and warranties are designed to cover repair costs in the event that the vehicle suffers a breakdown during the period of cover, to ensure our customers remain mobile.
The sales are made either directly to customers via our online platform or by a dedicated sales team via a network of motor dealers.
The principal activity of Autoguard Warranties Ltd is the provision of administration services, repair requests and claims handling, and the management of all products, ensuring all services and support are to the high standard expected by our customers. Our in house administration and claims teams ensure services are provided to a clear and auditable standard.
The business runs its own proprietary CRM IT system across all UK and international markets; we consider this to be a competitive differentiator and continue to invest in its development e.g. building in multi-currency capability.
The sales are made either directly to customers via our online platform or by a dedicated sales team via a network of motor dealers.
The principal activity of Autoguard Warranties Ltd is the provision of administration services, repair requests and claims handling, and the management of all products, ensuring all services and support are to the high standard expected by our customers. Our in house administration and claims teams ensure services are provided to a clear and auditable standard.
The business runs its own proprietary CRM IT system across all UK and international markets; we consider this to be a competitive differentiator and continue to invest in its development e.g. building in multi-currency capability.
Autoguard Warranties Ltd has once again experienced an excellent year of growth with turnover increasing by 30% (£5m)
Turnover of our non-regulated dealer business grew by 17% despite a challenging used car market.
At our direct-to-consumer business (Best4) turnover grew by over 200%, reinforcing our view that consumers are keeping their cars longer and are showing an increasing demand for warranties and service and maintenance plans.
Gross profit margin has slightly decreased (by 3%) as we have invested in our sales teams.
Administrative costs have increased as we continue to invest in people, processes and IT. International revenue is now reported through Autoguard Group Limited but the branch in Dubai continues to be supported by Autoguard Warranties Limited for back-office functions, including IT development.
The strong trading performance has resulted in an EBITDA of £1.6m and has enabled further investments; being the purchase of the remaining 20% not already owned of Warranty Administration Services Ltd and also 20% of the Archipelago Cell – a cell captive part of Falcon Insurance PCC Ltd.
In line with our growth, our employee numbers increased from 63 to 67 during the year enforcing our commitment to grow our workforce to ensure continued success for the future. We continue to invest in the wellbeing and training of all our employees.
Turnover of our non-regulated dealer business grew by 17% despite a challenging used car market.
At our direct-to-consumer business (Best4) turnover grew by over 200%, reinforcing our view that consumers are keeping their cars longer and are showing an increasing demand for warranties and service and maintenance plans.
Gross profit margin has slightly decreased (by 3%) as we have invested in our sales teams.
Administrative costs have increased as we continue to invest in people, processes and IT. International revenue is now reported through Autoguard Group Limited but the branch in Dubai continues to be supported by Autoguard Warranties Limited for back-office functions, including IT development.
The strong trading performance has resulted in an EBITDA of £1.6m and has enabled further investments; being the purchase of the remaining 20% not already owned of Warranty Administration Services Ltd and also 20% of the Archipelago Cell – a cell captive part of Falcon Insurance PCC Ltd.
In line with our growth, our employee numbers increased from 63 to 67 during the year enforcing our commitment to grow our workforce to ensure continued success for the future. We continue to invest in the wellbeing and training of all our employees.
Financial Position
We ended the financial year with an EBITDA £1.6m, an increase of £0.6m on last year, and a net cash balance of £4.7m an increase on last year’s results of £2.3m.
Future Developments
For the coming twelve months and beyond, we are expecting to see continued organic growth in all business areas.
We will continue to develop our IT systems and are looking to add a layer of automation to our existing technology in order to improve service levels and response times and to allow for continued sales growth whilst keeping overheads under control.
We will continue to develop our IT systems and are looking to add a layer of automation to our existing technology in order to improve service levels and response times and to allow for continued sales growth whilst keeping overheads under control.
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STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
The directors consider the principal risks and uncertainties facing the business to be:
Credit
Credit risk is the risk that a customer or provider fails to perform its financial obligations.
The Company's principal financial assets are bank balances, trade and other debtors. The Company's exposure to credit risk is mitigated by the large numbers of individual motor dealers in their network. In addition, the financial position of the Company is continually reviewed to limit any risk. Our credit control in the UK is excellent and we have very little overdue debt.
Liquidity
Liquidity risk is the risk that the Company is unable to meet its financial obligations as they fall due.
The Company's exposure to liquidity risk is mitigated by the regular review of cash forecasts, actual cash flows and ensuring adequate cash reserves. There is also regular analysis of loss ratios to ensure adequate funds remain in place for future repair request and claims.
Compliance
Regulatory changes are always a challenge in this industry, and the Company ensures that preparations are made in the background to ensure business continuity should any regulatory changes be imposed. Autoguard Warranties Ltd has been subject to an HMRC VAT review for the years 21/22. This is still ongoing and may result in an assessment in due course.
Commercial
Commercial risks include economic conditions and competition factors that may impact the Company's financial performance.
The Company regularly reviews and, where appropriate, updates its warranty and service and maintenance plan terms to ensure they meet changing requirements of customers and their vehicles. This includes competitive pricing and reviews of products. The Company is fully aware of economic conditions and regularly reviews key financial performance indicators to identify any emerging trends.
Objectives, policies and processes for managing risks arising from non-regulated contracts
The Company’s objective in managing risks from non regulated contracts is to ensure the continued fulfilment of obligations under non regulated administration services and service & maintenance plans, while maintaining financial stability. The Company implements robust pricing, operational, and reserving policies to address its risk exposure for these contracts.
Key policies include:
•Maintaining the positive customer outcomes are at the centre of decision making
•Reviewing and adjusting non-regulated contract pricing based on historical repair/service request data
•Maintaining adequate reserves to meet expected future obligations for non-regulated contracts
•Monitoring live contract performance across non-regulated products and regions
•Conducting due diligence on dealer partners to reduce fraudulent repair/service request exposure
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STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
Methods used to manage those risks
The Company mitigates its exposure through a combination of internal controls and operational processes:
•Experienced in-house handlers validate and authorise repair/service requests against strict criteria for non-regulated products
•Proactive fraud detection and case monitoring for non-regulated business
•Regular performance reviews of non-regulated products and customer experience metrics
•Segregation of dealer funds and customer contract provisions for non-regulated risk management and solvency
Risk management procedures are reviewed by senior management and adjusted as needed in response to evolving market or operational factors.
Exposure to risk on non-regulated contracts
The primary risk is that the cost or frequency of repair/service requests exceeds expectations. This is managed through detailed modelling, contract structuring, regular dealer fund reviews, and conservative provisioning based on historic performance.
Concentrations of non-regulated risk
Risk is well diversified across a wide portfolio of vehicle types, customers and geographic markets. No individual dealer or customer represents a significant concentration of exposure.
Actual claims compared with previous estimates
Activity during the year was in line with management’s estimates, reflecting growth in volumes and observed inflation in average cost per repair/service request. The provision model is reviewed regularly to ensure appropriate matching of income and liabilities.
Market risk
The Company is exposed to changes in the cost of repairs, parts, and labour which may affect profitability of non regulated products. This is managed through frequent reviews of average costs and by adjusting contract pricing where appropriate. Currency exposure is limited due to the majority of transactions being denominated in GBP.
The above are deemed the most relevant KPIs by the Directors. These are discussed throughout this report.
This report was approved by the board and signed on its behalf.
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DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2026
The Directors present their report and the financial statements for the year ended 31 March 2026.
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements 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; 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 to 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.
The profit for the year, after taxation, amounted to £1,019,072 (2025 - £439,481).
Ordinary dividends were paid amounting to £Nil (2025 - £Nil).
Post balance sheet date the company received a dividend of £300,000 from Warranty Administration Services Limited and paid up a dividend of £662,500 to Autoguard Group Limited.
Post balance sheet date the company received a dividend of £300,000 from Warranty Administration Services Limited and paid up a dividend of £662,500 to Autoguard Group Limited.
The directors who served during the year were:
The Company has chosen in accordance with section 414C(11) of the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 to set out in the Company's strategic report information required by the Schedule 7 of the Large and Medium-sized companies and Groups (Accounts and Reports) Regulation 2008 it must be stated in the Director's Report that it has done so. This includes information that would have been included in the business review, the principal risks and uncertainties and future developments.
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DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
Under section 487(2) of the Companies Act 2006, Menzies LLP will be deemed to have been reappointed as auditor 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.
This report was approved by the board and signed on its behalf.
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AUTOGUARD WARRANTIES LTD
We have audited the financial statements of Autoguard Warranties Ltd (the 'Company') for the year ended 31 March 2026, which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In 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.
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.
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AUTOGUARD WARRANTIES LTD (CONTINUED)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AUTOGUARD WARRANTIES LTD (CONTINUED)
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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
The Company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation. We determined that the following laws and regulations were most significant:
−The Companies Act 2006;
−Financial Reporting Standard 102;
−UK employment legislation;
−UK tax legislation;
−The Financial Conduct Authority regulations;
−UK health and safety legislation; and
−General Data Protection Regulations.
∙We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.
∙We understood how the Company is complying with those legal and regulatory frameworks by, making inquiries to management and those responsible for legal and compliance procedures. We corroborated our inquiries through our review of relevant documentation.
∙The engagement partner assessed whether the engagement team collectively had the appropriate competence and capabilities to identify or recognise non-compliance with laws and regulations. The assessment did not identify any issues in this area.
∙We assessed the susceptibility of the Company financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included;
−Identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud;
−Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;
−Challenging assumptions and judgements made by management in its significant accounting estimates; and
−Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations.
∙As a result of the above procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas:
−The application of inappropriate judgements or estimation to manipulate the Company's financial position;
−Posting of unusual journals and complex transactions;
−The use of management override of controls to manipulate results, or to cause the Company to enter into transactions not in its best interests;
−The misrepresentation of revenue to enable staff and consultants to receive commission payments that are not warranted by actual sales
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AUTOGUARD WARRANTIES LTD (CONTINUED)
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's 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.
for and on behalf of
Chartered Accountants
Statutory Auditor
2nd Floor, Origin One
108 High Street
RH10 1BD
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STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2026
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STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2026
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 13 to 30 form part of these financial statements.
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STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2026
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Autoguard Warranties Ltd is a private company limited by shares incorporated in England and Wales. Details of the Company's registered office, which is also its principal place of business, can be found on the company information page.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of Autoguard Group Limited as at 31 March 2026 and these financial statements may be obtained from Companies House.
The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the companies Act 2006.
Functional and presentation currency
Transactions and balances
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
Regulated policies
Autoguard Warranties Limited acts as agent to all insured transactions. The Company recognises the revenue in line with the cost to the business on inception, the remaining commission is deferred over the term of the policy to reflect the Company's obligation to fulfil claims handling.
Non-regulated service contracts
Revenue from non regulated service contracts is recognised in line with the cost to the business on inception, the remaining revenue is deferred to reflect the Company's obligation to fulfil claims handling. Additionally, income is released to align the reported margin with the latest achievable margin data across Autoguard's portfolio of comparable contracts. The deferred income is released over the term of the agreement.
Admin services
Revenue from non-regulated admin services is recognised as each performance obligation is discharged, apportioned according to the apportionment of costs incurred. Certain performance obligations are discharged immediately on inception of the contract. The remaining turnover is deferred and released over the term of the contract. Revenue is deferred to reflect the Company's obligation to fulfil administration services for our dealer partners.
Recovery and breakdown
Revenue from recovery and breakdown services is recognised as each performance obligation is discharged, apportioned according to the apportionment of costs incurred. Certain performance obligations are discharged immediately on inception of the contract. The remaining revenue is deferred over the length of the contract in order to meet the Company’s obligations.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
The estimated useful lives range as follows:
The IT development is deemed to have a maximum useful life of seven years due to the rapidly changing environment in which technology develops.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
The Company is party to service contracts and dealer admin warranty programs which, whilst they do not meet the legal definition of insurance contracts, are subject to an element of insurance risk as defined in FRS 103. Income and expenditure, assets and liabilities and cash flows arising from these contracts are accounted for in accordance with the provisions of FRS 103, which are not substantially different to the revenue recognition principles applied to income arising from service contracts in accordance with FRS 102. Disclosures in relation to accounting estimates and assumptions arising from such contracts can be found in notes 2.5 and 3. Details of the risks arising in connection with these contracts and management of these risks can be found in the Strategic Report. A reconciliation of liabilities arising in connection with such contracts can be found in note 24.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
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.
Investment impairment
The investment in subsidiary companies is reviewed on an annual basis by the directors for impairment, and an adjustment made in the financial statements accordingly if required. The impairment is based on the cost generating unit of the future cashflows.
Deferred Income
The directors understand that they need to recognise turnover over the period of the contract, taking into account contract start dates and length of contract. The initial non regulated revenue from a service contract is recognised as the initial performance obligations are discharged, apportioned according to the apportionment of costs incurred. The remaining revenue is deferred and released over the term of the contract. The estimated costs are calculated based on an average cost of a non regulated service contract, any variance is released on an annual basis to the profit and loss. The commission received from our regulated activity is recognised over the term of the contract. Income is deferred into the correct accounting year which enables the Company to fulfil its obligations, primarily claims handling, to its dealer partners for the life of the contract.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
3.Judgements in applying accounting policies (continued)
The Warranty Provision requires the Directors to make a judgement on the extent to which a provision for future service contract claims is required. The provision is derived from a percentage of fund set aside per contract sold and is calculated and monitored using historical data and knowledge from the Directors to enable the Company to have sufficient funds to pay all future claims that arise. This provision fund is closely monitored and adjustments to what goes into it can be made according to how a dealer’s fund is performing. The estimates and assumptions are reviewed by the Directors on an ongoing basis to ensure that obligations can be met.
Margin on contracts
Based on up to date data and analysis, the average gross profit margin achievable across Autoguard's portfolio of contracts is assessed and revenue is adjusted each year to bring the gross profit margin in line with current data. Management review the resulting revenue adjustment in the context of their own knowledge and wider industry trends to ensure that the margin recorded is a fair reflection of the expected future performance of the underlying contract portfolio at each year end.
Analysis of turnover by country of destination:
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 20
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 21
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 22
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Page 24
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Included in the cash at bank figure at the year end is monies held on behalf of clients totalling £790,674 (2025 - £408,437). This is in relation to non-regulated income.
The Company has facilities in place with Barclays that includes a fixed charge and floating charge over the Company, and contains a negative pledge over the credit balance dated 5 April 2024.
The Company has facilities in place with Barclays that includes a fixed charge and floating charge over the Company, and contains a negative pledge over the credit balance dated 5 April 2024.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Page 27
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Share premium account
Capital redemption reserve
Profit and loss account
Page 28
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
An investigation is currently ongoing with HMRC in relation to outstanding balances that may be due to the Company or due to HMRC.
HMRC have issued an assessment for the periods from June 2021 to December 2022. This will be appealed and therefore the outcome is awaited and currently unknown. Therefore it cannot be estimated reliably and provided for in these financial statements as this would be prejudicial to the appeal.
No assessment has been made for Insurance Premium Tax, and therefore this also cannot be estimated reliably, and provided for in these financial statements.
At the date of signing this report the investigation remains ongoing. No provision has been made in these financial statements for the continued review, as the conclusions relate to industry wide regulation, for which the outcome is awaited from the FCA. The possible financial impact to the Company cannot be reliably measured at this time.
HMRC have issued an assessment for the periods from June 2021 to December 2022. This will be appealed and therefore the outcome is awaited and currently unknown. Therefore it cannot be estimated reliably and provided for in these financial statements as this would be prejudicial to the appeal.
No assessment has been made for Insurance Premium Tax, and therefore this also cannot be estimated reliably, and provided for in these financial statements.
At the date of signing this report the investigation remains ongoing. No provision has been made in these financial statements for the continued review, as the conclusions relate to industry wide regulation, for which the outcome is awaited from the FCA. The possible financial impact to the Company cannot be reliably measured at this time.
The Company operates a defined contribution plan for its employees. The assets of the plan are held separately from the Company in independently administered funds.
At the year end, the amount included in creditors in respect of unpaid pension contributions was £20,620 (2025 - £14,337).
At the year end, the amount included in creditors in respect of unpaid pension contributions was £20,620 (2025 - £14,337).
The Company has taken advantage of the exemption available within FRS 102 Section 33.1A, from disclosing transactions entered into with entities which are a wholly owned part of the group.
An amount of £128,500 (2025: £128,500) due from key management personnel is included within other debtors.
An amount of £128,500 (2025: £128,500) due from key management personnel is included within other debtors.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
The immediate and ultimate parent company is Autoguard Group Limited, a company incorporated in England and Wales. Autoguard Group Limited is the smallest and largest group for which consolidated accounts are prepared.
Copies of the group accounts for Autoguard Group Limited may be obtained from Building 5 Archipelago Office Park, Lyon Way, Surrey, GU16 7ER.
The ultimate controlling party is R J Dockerill.
Copies of the group accounts for Autoguard Group Limited may be obtained from Building 5 Archipelago Office Park, Lyon Way, Surrey, GU16 7ER.
The ultimate controlling party is R J Dockerill.
Page 30