REGISTERED NUMBER: 12123857 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Deliverect Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J P Laredo

Z Y Xu

SECRETARY:

MYUKOFFICE LTD

REGISTERED OFFICE:

Unit 33, Waterside

Schooner Court

44-48 Wharf Road

London

N1 7UX

REGISTERED NUMBER:

12123857 (England and Wales)

AUDITORS:

Try Lunn & Co

Chartered Accountants

and Statutory Auditors

Roland House

Princes Dock Street

HULL HU1 2LD

FIXED ASSETS

Tangible assets

4

24,236

35,825

CURRENT ASSETS

Stocks

281,606

-

Debtors

5

869,650

640,573

Cash at bank

356,814

412,489

1,508,070

1,053,062

CREDITORS

Amounts falling due within one year

6

614,010

410,493

NET CURRENT ASSETS

894,060

642,569

TOTAL ASSETS LESS CURRENT LIABILITIES

918,296

678,394

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

918,196

678,294

SHAREHOLDERS' FUNDS

918,296

678,394

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2026 and were signed on its behalf by:

Z Y Xu - Director

1.	STATUTORY INFORMATION

Deliverect 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company is dependent on the continued financial support of Deliverect NV. The directors of Deliverect NV have agreed to provide continued financial support to ensure the company will be able to trade as a going concern for the foreseeable future.

Turnover

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

Turnover comprises revenue recognised by the company in respect of management fees charged to the parent company for provision of services. The turnover is based on costs incurred in providing services plus an agreed mark up.

Tangible fixed assets

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

Computer equipment - 25%

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2024 - 37 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

124,845

Additions

17,056

Disposals

(2,654

)

At 31 December 2025

139,247

DEPRECIATION

At 1 January 2025

89,020

Charge for year

25,991

At 31 December 2025

115,011

NET BOOK VALUE

At 31 December 2025

24,236

At 31 December 2024

35,825

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

172,619

296,327

Other debtors

697,031

344,246

869,650

640,573

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

258,281

52,568

Taxation and social security

54,167

36,123

Other creditors

301,562

321,802

614,010

410,493

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

8.

RESERVES

Retained

earnings

£

At 1 January 2025

678,294

Profit for the year

239,902

At 31 December 2025

918,196

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

The Report of the Auditors was unqualified.

Andrew Ewart FCA FCCA (Senior Statutory Auditor)

for and on behalf of Try Lunn & Co

10.	RELATED PARTY DISCLOSURES

During the year the company charged management fees under normal commercial terms totalling £4,906,877 (2024: £4,895,605) to Deliverect NV, the parent company of Deliverect Limited.

During the year Deliverect NV loaned the company £4,853,982 (2024: £4,587,886) for working capital.

At the balance sheet date an amount of £172,619 was owed to the company by Deliverect NV (2024: £296,327 owed to Deliverect NV).

Deliverect NV charged interest of £1,594 (2024: £26,112) to Deliverect Limited during the year. This amount is unpaid and was included in the above year end balances.

11.	ULTIMATE CONTROLLING PARTY

The immediate controlling party is Deliverect NV. There is no ultimate controlling party.