REGISTERED NUMBER: 10764888 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2025

FOR

WEBUYBROKENVANS LTD

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Statement of Directors' Responsibilities

5

Report of the Independent Auditors

6

Income Statement

10

Other Comprehensive Income

11

Balance Sheet

12

Statement of Changes in Equity

14

Cash Flow Statement

15

Notes to the Cash Flow Statement

16

Notes to the Financial Statements

18

DIRECTORS:

Mr L W Dennis

Mr S E Houston

REGISTERED OFFICE:

Unit 3 Sandpits Ind Est

Houndsfield Lane

Hollywood

B47 5QR

REGISTERED NUMBER:

10764888 (England and Wales)

AUDITORS:

JW Hinks LLP

19 Highfield Road

Edgbaston

Birmingham

B15 3BH

BANKERS:

HSBC Bank PLC

275 Stratford Road

Shirley

Solihull

B90 3AP

INCORPORATED:

11 May 2017

BUSINESS REVIEW

The financial year ended 31st August 2025 represents a period of consolidation following a stronger prior year.

Turnover decreased from £17.5 million in 2024 to £15 million in 2025. This reduction reflects softer market conditions, including reduced demand in certain segments of the commercial vehicle market and increased pricing pressure.

Despite the reduction in revenue, the company has maintained a stable asset base, with current assets of £2.01 million (2024: £2.66 million) and fixed assets of £678k (2024: £680k).

The average number of employees decreased from 64 to 60 during the year. This reflects a strategic adjustment to align the cost base with current trading levels while maintaining operational efficiency.

The directors consider the company's performance for the year to be satisfactory given prevailing market conditions. The business remains well-positioned within its sector, with an established supplier network and a loyal customer base.

PRINCIPAL RISKS AND UNCERTAINTIES

The company faces a number of risks typical of the motor trade sector:

- Market Demand Risk: Demand for commercial vehicles is influenced by broader economic conditions, including business confidence and access to finance.

- Stock and Pricing Risk: Fluctuations in used vehicle values can impact margins and stock holding profitability.

- Supply Chain Risk: Availability of suitable vehicles at competitive prices remains critical to maintaining margins.

- Regulatory and Environmental Factors: Changes in emissions regulations and shifts toward electric vehicles may affect demand patterns and stock strategy.

The directors actively monitor these risks and adjust purchasing, pricing, and operational strategies accordingly.

KEY PERFORMANCE INDICATORS

The directors monitor performance using a range of financial and non-financial indicators, including:

- Turnover levels and gross margins

- Stock turnover and days in inventory

- Working capital management

- Employee productivity

The reduction in turnover year-on-year has been a key focus, with actions taken to improve stock efficiency and cost control.

FUTURE OUTLOOK

The directors expect trading conditions to remain competitive in the short term. However, the company is well placed to respond to market changes through its flexible operating model and established market presence.

Focus for the coming year will include:

- Enhancing stock sourcing strategies

- Maintaining disciplined cost control

- Exploring opportunities in emerging vehicle segments, including low-emission vehicles

The directors remain confident in the long-term prospects of the business.

ON BEHALF OF THE BOARD:

Mr S E Houston - Director

28th August 2026

The directors present their report with the financial statements of the company for the year ended 31st August 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the sale of commercial vehicles.

DIVIDENDS

The total distribution of dividends for the year ended 31st August 2025 will be £ 504,377 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1st September 2024 to the date of this report.

Mr L W Dennis

Mr S E Houston

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 company'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 company's auditors are aware of that information.

AUDITORS

JW Hinks LLP were appointed as auditor to the company during the year and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

ON BEHALF OF THE BOARD:

Mr S E Houston - Director

28th August 2026

The directors are responsible for preparing the 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 of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Opinion

We have audited the financial statements of WEBUYBROKENVANS LTD (the 'company') for the year ended 31st August 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the 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 company's affairs as at 31st August 2025 and of its profit for the year then ended;

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

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

Basis for qualified opinion

The previous financial statements for the year ended 31st August 2024 were not audited as exemption was taken under section 477 of the Companies Act 2006. We were unable to satisfy ourselves by alternative means concerning a number of opening balances disclosed in the statement of income and retained earnings and the balance sheet as comparative figures. Whilst we were satisfied with the material accuracy of amounts recorded in the balance sheet as at 31st August 2025, the impact of opening balances on the current period financial performance prevents us from forming an opinion on the financial statements taken as a whole.

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

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's 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 director 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 director is 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 addition to the "Basis for Qualified Opinion" paragraph.

Opinions on other matters prescribed by the Companies Act 2006

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

- the information given in the strategic report and director's report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and director's report has 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

In respect solely of the limitation on our work relating to opening balances, described above:

- we have not obtained all the information and explanations that we considered necessary for the purpose of our audit; and

- we were unable to determine whether adequate accounting records had been maintained.

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 director's report.

With the exception of the above, 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, or returns adequate for our audit have not been received from branches not visited by us; or

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

- certain disclosures of director's 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 director's responsibilities statement, the director is 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 director determines 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 director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the 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 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.

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements and discussed the policies and procedures regarding compliance.

Specific areas considered were as follows:

- Enquiring with management and others to gain an understanding of the organisation itself including operations, financial reporting and known fraud or error.

- Evaluating and understanding the internal control system.

- Performing analytical procedures as expected or unexpected variances in account balances or classes of transactions appear.

- Testing documentation supporting account balances or classes of transactions.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected all irregularities including those leading to material misstatements in the financial statements or non-compliance with regulation, even though we have properly planned and performed our audit in accordance with auditing standards.

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 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.

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.

James Cruse FCA, FCCA, BSC (ECON) HONS (Senior Statutory Auditor)

for and on behalf of JW Hinks LLP

19 Highfield Road

Edgbaston

Birmingham

B15 3BH

28th August 2026

TURNOVER

4

14,926,558

17,460,920

Cost of sales

9,399,118

11,425,197

GROSS PROFIT

5,527,440

6,035,723

Administrative expenses

5,378,971

5,080,780

OPERATING PROFIT

6

148,469

954,943

Interest receivable and similar income

195

5,723

148,664

960,666

Interest payable and similar expenses

7

32,636

37,946

PROFIT BEFORE TAXATION

116,028

922,720

Tax on profit

8

26,619

240,844

PROFIT FOR THE FINANCIAL YEAR

89,409

681,876

PROFIT FOR THE YEAR

89,409

681,876

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

89,409

681,876

FIXED ASSETS

Tangible assets

12

677,884

679,706

CURRENT ASSETS

Stocks

13

1,030,361

1,080,400

Debtors

14

296,741

196,599

Cash at bank

604,838

1,383,941

1,931,940

2,660,940

CREDITORS

Amounts falling due within one year

15

1,331,541

1,370,942

NET CURRENT ASSETS

600,399

1,289,998

TOTAL ASSETS LESS CURRENT LIABILITIES

1,278,283

1,969,704

CREDITORS

Amounts falling due after more than one year

16

(45,779

)

(291,401

)

PROVISIONS FOR LIABILITIES

18

(95,487

)

(126,318

)

NET ASSETS

1,137,017

1,551,985

CAPITAL AND RESERVES

Called up share capital

19

2

2

Retained earnings

1,137,015

1,551,983

SHAREHOLDERS' FUNDS

1,137,017

1,551,985

The financial statements were approved by the Board of Directors and authorised for issue on 28th August 2026 and were signed on its behalf by:

Mr S E Houston - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st September 2023

2

1,524,601

1,524,603

Changes in equity

Dividends

-

(654,494

)

(654,494

)

Total comprehensive income

-

681,876

681,876

Balance at 31st August 2024

2

1,551,983

1,551,985

Changes in equity

Dividends

-

(504,377

)

(504,377

)

Total comprehensive income

-

89,409

89,409

Balance at 31st August 2025

2

1,137,015

1,137,017

Cash flows from operating activities

Cash generated from operations

1

161,589

1,320,843

Interest element of hire purchase payments paid

(32,636

)

(37,946

)

Tax paid

(279,916

)

(118,797

)

Net cash from operating activities

(150,963

)

1,164,100

Cash flows from investing activities

Purchase of tangible fixed assets

(250,061

)

(271,525

)

Sale of tangible fixed assets

41,565

98,175

Intercompany balance increase

164,655

194,998

Interest received

195

5,723

Net cash from investing activities

(43,646

)

27,371

Cash flows from financing activities

Capital repayments in year

(80,117

)

(69,025

)

Amount introduced by directors

-

58,028

New hire purchase in year

-

85,790

Equity dividends paid

(504,377

)

(654,494

)

Net cash from financing activities

(584,494

)

(579,701

)

(Decrease)/increase in cash and cash equivalents

(779,103

)

611,770

Cash and cash equivalents at beginning of year

2

1,383,941

772,171

Cash and cash equivalents at end of year

2

604,838

1,383,941

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

116,028

922,720

Depreciation charges

207,899

201,481

Loss/(profit) on disposal of fixed assets

2,418

(3,646

)

Finance costs

32,636

37,946

Finance income

(195

)

(5,723

)

358,786

1,152,778

Decrease/(increase) in stocks

50,039

(164,600

)

(Increase)/decrease in trade and other debtors

(100,142

)

13,373

(Decrease)/increase in trade and other creditors

(147,094

)

319,292

Cash generated from operations

161,589

1,320,843

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 31st August 2025

31/8/25

1/9/24

£

£

Cash and cash equivalents

604,838

1,383,941

Year ended 31st August 2024

31/8/24

1/9/23

£

£

Cash and cash equivalents

1,383,941

772,171

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/9/24

Cash flow

At 31/8/25

£

£

£

Net cash

Cash at bank

1,383,941

(779,103

)

604,838

1,383,941

(779,103

)

604,838

Debt

Finance leases

(372,857

)

80,117

(292,740

)

(372,857

)

80,117

(292,740

)

Total

1,011,084

(698,986

)

312,098

1.	STATUTORY INFORMATION

WEBUYBROKENVANS LTD 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the fair value of consideration receivable for the sale of goods in the ordinary course of the company's activities, net of value added tax, trade discounts and rebates.

Revenue from the sale of vehicles is recognised when control of the goods has transferred to the customer, which is typically on delivery or collection. All turnover arises within the United Kingdom.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

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

Cost comprises the purchase price of vehicles together with directly attributable costs incurred in bringing the stock to its present location and condition. Cost is determined on a specific item basis.

Net realisable value represents the estimated selling price less costs to complete and sell. At each reporting date, stocks are assessed for impairment and provision is made where necessary for slow-moving, obsolete or damaged stock where net realisable value is lower than 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.

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.

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.

Foreign currencies

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Leasing commitments

A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life.

Operating lease payments are recognised as an expense on a straight line basis over the lease term.

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.

Debtors

Trade and other debtors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method, less any impairment losses.

A provision for impairment is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of estimated future cash flows.

Trade debtors are generally short term and are not discounted where the effect of the time value of money is not material.

Creditors

Trade and other creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts are generally unsecured and are usually paid within agreed terms.

Creditors are classified as current liabilities unless the company has an unconditional right to defer settlement for at least twelve months after the reporting date.

3.	JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying value 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.

4.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

Turnover relates to the sale of commercial vehicles solely in the United Kingdom.

5.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

2,172,636

2,047,335

Social security costs

207,879

183,575

Other pension costs

28,901

24,159

2,409,416

2,255,069

The average number of employees during the year was as follows:

2025

2024

Employees

58

62

Directors

2

2

60

64

2025

2024

£

£

Directors' remuneration

26,208

26,098

6.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2025

2024

£

£

Other operating leases

372,123

275,588

Depreciation - owned assets

127,789

101,227

Depreciation - assets on hire purchase contracts

80,111

100,255

Loss/(profit) on disposal of fixed assets

2,418

(3,646

)

Auditors' remuneration

12,400

-

Other operating leases - non rent

106,010

53,289

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Hire purchase

32,636

37,946

8.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

57,450

279,884

Deferred tax

(30,831

)

(39,040

)

Tax on profit

26,619

240,844

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit before tax

116,028

922,720

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

29,007

230,680

Effects of:

Expenses not deductible for tax purposes

319

10,187

Income not taxable for tax purposes

-

(911

)

Depreciation in excess of capital allowances

28,124

39,928

Deferred tax movement

(30,831

)

(39,040

)

Total tax charge

26,619

240,844

9.

DIVIDENDS

2025

2024

£

£

Interim

504,377

654,494