REGISTERED NUMBER: 01543957 (England and Wales)

Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

For The Year Ended 31 March 2026

for

BRITCOM INTERNATIONAL LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Consolidated Income Statement

10

Consolidated Other Comprehensive Income

11

Consolidated Balance Sheet

12

Company Balance Sheet

13

Consolidated Statement of Changes in Equity

14

Company Statement of Changes in Equity

15

Consolidated Cash Flow Statement

16

Notes to the Consolidated Cash Flow Statement

17

Notes to the Consolidated Financial Statements

18

DIRECTORS:

B Carmichael

A P Day

C Urwin

REGISTERED OFFICE:

York Road

Market Weighton

York

North Yorkshire

YO43 3QX

REGISTERED NUMBER:

01543957 (England and Wales)

AUDITORS:

Fortus Audit LLP

Equinox House

Clifton Park, Shipton Road

York

Yorkshire

YO30 5PA

The directors present their strategic report of the company and the group for the year ended 31 March 2026.

REVIEW OF BUSINESS

Principal Activities and Business Review

The principal activities of the company throughout the year were that of dealers in commercial vehicles, chassis engineering, bodybuilding, trailer manufacture and vehicle refurbishment.

Business Environment

The enclosed financial statements aim to present a balanced and comprehensive review of the developments and performance of the business and its' financial position at the financial year end. The review is consistent with the size and structure of the business and the market sectors in which it operates. The review is written with an emphasis on presenting a balanced analysis in the context of the risks, uncertainties and opportunities the business faces.

After a couple of difficult years, it was very pleasing to report a net profit before tax of £49,251 in 2025/6. Whilst in isolation this figure does not seem particularly significant, it does actually represent a significant turn around from the previous year's loss. The increase in vehicle sales turnover of 18% was the main driver of this, whilst the engineering and bodyshop departments' performance remained steady in relation to the previous year. In an interesting illustration of how the nature of our business has changed in recent years, 61% of our turnover came from UK based activities.

Margins on vehicle sales remained healthy and working capital management was once again good, allowing the business to operate with zero debt throughout the year.

PRINCIPAL RISKS AND UNCERTAINTIES

As seems to have almost been the case every year in the last decade, global and domestic political and economic turmoil is the most significant factor affecting our performance, in particular with the effect on our clients' business confidence this can bring. The final quarter of 2025/6 saw the commencement of the US/Iran war and it's impact on fuel prices and shipping costs, and since the financial year end, we have now seen the appointment of the seventh Prime Minister in 10 years in the UK. Somewhat surprisingly, inflation does now appear to be under more control again which augurs well for an improvement in the UK business climate, hopefully removing the threat of interest rate rises.

The availability of used vehicle stock in the UK is also currently more constrained than in recent times due to the knock-on effect of the reduction in new vehicle sales in the immediate post-Covid period.

STRATEGY

As with many businesses, we have learned to live with uncertainty, and to some extent block out a lot of the external noise to focus on those factors we can influence.

We continue to put a lot of emphasis on the growth of the vehicle engineering department and this has born fruition with an increase in our customer database, but also a deepening relationship with some of our existing clients leading to a considerable growth in the scope of work we undertake for them.

Using our long standing supplier relationships, we are navigating the limited vehicle stock availability referred to above and believe we are better equipped than the majority of our competition to deal with this.

Our staff remain vital to the success of the business and we have introduced new initiatives to recognise their contribution, along with the launching of a new Vision Statement and key Company Values, internally and externally.

We also remain committed to the local sports clubs, charities and community initiatives which we have supported for many years now.

FUTURE OUTLOOK

It has been a stable start to 2026/27 with a healthy engineering order book and vehicle sales showing signs of improvement after a quiet Q1. Overall, we remain confident of achieving our plan for the year which would reflect another period of incremental profit growth.

To support the growth of the engineering department, we have submitted a planning application for the construction of another 4 bay workshop on our current site, and committed capital expenditure to the purchase of a new CNC equipped pressbrake.

We also remain alert to any suitable acquisition opportunities which may present themselves in order to diversify our offering, whilst still remaining connected to the core business.

ON BEHALF OF THE BOARD:

C Urwin - Director

25 August 2026

The directors present their report with the financial statements of the company and the group for the year ended 31 March 2026.

DIVIDENDS

An interim dividend of 7.4321 per share was paid on 16 June 2025. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 March 2026 will be £ 500,000 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2025 to the date of this report.

B Carmichael

A P Day

C Urwin

DISCLOSURE IN THE STRATEGIC REPORT

The group has chosen in accordance with Companies Act 2006, s.414C(11) to set out in the group's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch.7 to be contained in the directors' report. It has done so in respect of the principal activities of the group.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group 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;

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Fortus Audit LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

C Urwin - Director

25 August 2026

Opinion

We have audited the financial statements of Britcom International Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2026 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2026 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the 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 directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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 the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

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 its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where 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 Statement of Directors' Responsibilities set out on page four, 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 necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' 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 a Report of the Auditors 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:

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:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the company and determined that the most significant frameworks which are directly relevant to specific assertions in the financial statements are those that relate to the reporting framework (UK GAAP and the Companies Act 2006) and the relevant tax compliance regulations in the UK.

We understood how the company is complying with those frameworks by making enquiries of management and those responsible for legal and compliance procedures. We corroborated our enquiries through review of board minutes and discussions with those charged with governance.

We assessed the susceptibility of the company’s financial statements to material misstatement, including how fraud might occur, by discussion with management from various parts of the business to understand where they considered there was a susceptibility to fraud. We considered the procedures and controls that the company has established to prevent and detect fraud, and how these are monitored by management, and also any enhanced risk factors such as performance targets.

Based on our understanding, we designed our audit procedures to identify any non-compliance with laws and regulations identified in the paragraphs above.

We also performed audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

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 Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors 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.

Jacqueline Godden FCCA (Senior Statutory Auditor)

for and on behalf of Fortus Audit LLP

Equinox House

Clifton Park, Shipton Road

York

Yorkshire

YO30 5PA

25 August 2026

TURNOVER

3

13,850,261

12,450,146

Cost of sales

11,104,028

10,042,471

GROSS PROFIT

2,746,233

2,407,675

Administrative expenses

2,736,641

2,859,730

9,592

(452,055

)

Other operating income

2,363

1,737

OPERATING PROFIT/(LOSS)

5

11,955

(450,318

)

Interest receivable and similar income

37,296

62,231

PROFIT/(LOSS) BEFORE TAXATION

49,251

(388,087

)

Tax on profit/(loss)

6

38,593

(64,802

)

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

10,658

(323,285

)

Profit/(loss) attributable to:

Owners of the parent

10,658

(323,285

)

PROFIT/(LOSS) FOR THE YEAR

10,658

(323,285

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

10,658

(323,285

)

Total comprehensive income attributable to:

Owners of the parent

10,658

(323,285

)

FIXED ASSETS

Intangible assets

9

5,540

13,880

Tangible assets

10

5,916,371

6,053,447

Investments

11

-

-

5,921,911

6,067,327

CURRENT ASSETS

Stocks

12

3,635,723

2,060,061

Debtors

13

1,087,658

973,480

Cash at bank and in hand

283,975

2,090,949

5,007,356

5,124,490

CREDITORS

Amounts falling due within one year

14

1,643,187

1,420,770

NET CURRENT ASSETS

3,364,169

3,703,720

TOTAL ASSETS LESS CURRENT LIABILITIES

9,286,080

9,771,047

PROVISIONS FOR LIABILITIES

16

4,375

-

NET ASSETS

9,281,705

9,771,047

CAPITAL AND RESERVES

Called up share capital

17

67,275

67,275

Share premium

18

81,000

81,000

Capital redemption reserve

18

76,725

76,725

Retained earnings

18

9,056,705

9,546,047

SHAREHOLDERS' FUNDS

9,281,705

9,771,047

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2026 and were signed on its behalf by:

C Urwin - Director

FIXED ASSETS

Intangible assets

9

5,540

13,880

Tangible assets

10

5,271,056

5,410,173

Investments

11

100

100

5,276,696

5,424,153

CURRENT ASSETS

Stocks

12

3,635,723

2,060,061

Debtors

13

1,731,329

1,615,626

Cash at bank and in hand

283,845

2,090,390

5,650,897

5,766,077

CREDITORS

Amounts falling due within one year

14

1,641,817

1,419,435

NET CURRENT ASSETS

4,009,080

4,346,642

TOTAL ASSETS LESS CURRENT LIABILITIES

9,285,776

9,770,795

PROVISIONS FOR LIABILITIES

16

4,375

-

NET ASSETS

9,281,401

9,770,795

CAPITAL AND RESERVES

Called up share capital

17

67,275

67,275

Share premium

18

81,000

81,000

Capital redemption reserve

18

76,725

76,725

Retained earnings

18

9,056,401

9,545,795

SHAREHOLDERS' FUNDS

9,281,401

9,770,795

Company's profit/(loss) for the financial year

10,606

(323,269

)

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2026 and were signed on its behalf by:

C Urwin - Director

Called up

Capital

share

Retained

Share

redemption

Total

capital

earnings

premium

reserve

equity

£

£

£

£

£

Balance at 1 April 2024

67,275

9,869,332

81,000

76,725

10,094,332

Changes in equity

Total comprehensive income

-

(323,285

)

-

-

(323,285

)

Balance at 31 March 2025

67,275

9,546,047

81,000

76,725

9,771,047

Changes in equity

Dividends

-

(500,000

)

-

-

(500,000

)

Total comprehensive income

-

10,658

-

-

10,658

Balance at 31 March 2026

67,275

9,056,705

81,000

76,725

9,281,705

Called up

Capital

share

Retained

Share

redemption

Total

capital

earnings

premium

reserve

equity

£

£

£

£

£

Balance at 1 April 2024

67,275

9,869,064

81,000

76,725

10,094,064

Changes in equity

Total comprehensive income

-

(323,269

)

-

-

(323,269

)

Balance at 31 March 2025

67,275

9,545,795

81,000

76,725

9,770,795

Changes in equity

Dividends

-

(500,000

)

-

-

(500,000

)

Total comprehensive income

-

10,606

-

-

10,606

Balance at 31 March 2026

67,275

9,056,401

81,000

76,725

9,281,401

Cash flows from operating activities

Cash generated from operations

1

(1,279,440

)

972,813

Net cash from operating activities

(1,279,440

)

972,813

Cash flows from investing activities

Purchase of tangible fixed assets

(88,952

)

(51,649

)

Sale of tangible fixed assets

24,122

650

Interest received

37,296

62,231

Net cash from investing activities

(27,534

)

11,232

Cash flows from financing activities

Equity dividends paid

(500,000

)

-

Net cash from financing activities

(500,000

)

-

(Decrease)/increase in cash and cash equivalents

(1,806,974

)

984,045

Cash and cash equivalents at beginning of year

2

2,090,949

1,106,904

Cash and cash equivalents at end of year

2

283,975

2,090,949

1.	RECONCILIATION OF PROFIT/(LOSS) BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2026

2025

£

£

Profit/(loss) before taxation

49,251

(388,087

)

Depreciation charges

224,835

235,599

(Profit)/loss on disposal of fixed assets

(14,589

)

114

Finance income

(37,296

)

(62,231

)

222,201

(214,605

)

(Increase)/decrease in stocks

(1,575,662

)

1,021,258

(Increase)/decrease in trade and other debtors

(140,388

)

97,668

Increase in trade and other creditors

214,409

68,492

Cash generated from operations

(1,279,440

)

972,813

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2026

31.3.26

1.4.25

£

£

Cash and cash equivalents

283,975

2,090,949

Year ended 31 March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

2,090,949

1,106,904

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.25

Cash flow

At 31.3.26

£

£

£

Net cash

Cash at bank and in hand

2,090,949

(1,806,974

)

283,975

2,090,949

(1,806,974

)

283,975

Total

2,090,949

(1,806,974

)

283,975

1.	STATUTORY INFORMATION

Britcom International 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 and 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 26 'Share based Payment': Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

-Section 33 'Related Party Disclosure': Compensation for key management personnel.

Basis of consolidation

The consolidated financial statements incorporate those of Britcom International Limited and all of its subsidiaries (ie entities that the group controls through its power to govern the financial and operating policies so as to obtain economic benefits).

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

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation.

Going concern

At the time of approving the financial statements, the directors are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore the directors will continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates

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. Revision 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.

Turnover

The company's turnover represents the value, excluding value added tax, of contracts for the sale of commercial vehicles and heavy plant and equipment. Turnover includes those contracts where there is a right to economic benefit through performance. Where the right to economic benefit is dependent on contract terms outside the company's control being fulfilled, turnover is recognised when such terms have been complied with. Deposits received are not recognised as turnover because performance has not taken place.

Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recongised 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 separate 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 basis:

Company database 3 years straight line

Tangible fixed assets

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

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

Freehold Property 2% reducing balance

Plant and Machinery 25% straight line and 25% reducing balance

Fixtures, fittings and computer's 20% straight line and 10-33% reducing balance

Motor vehicles 25% straight line and 25% reducing balance

Freehold land is not depreciated.

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 income statement.