Ezee Group International Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09580850 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2025 TO 31 DECEMBER 2025

FOR

EZEE GROUP INTERNATIONAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

W B Davies

Mrs N R B Davies

J E Schedvins

P A E Severin

REGISTERED OFFICE:

Unit E4

Welland Business Park

Market Harborough

Leicestershire

LE16 7PS

REGISTERED NUMBER:

09580850 (England and Wales)

AUDITORS:

The MGroup Audit Ltd

STATUTORY AUDITORS

C9 Glyme Court, Oxford Office Village

Langford Lane, Kidlington

Oxford

OX5 1LQ

FIXED ASSETS

Tangible assets

4

155,525

182,441

Investments

5

9,299

9,216

164,824

191,657

CURRENT ASSETS

Stocks

66,862

56,090

Debtors

6

623,966

1,157,902

Cash at bank

768,069

1,051,023

1,458,897

2,265,015

CREDITORS

Amounts falling due within one year

7

(1,194,713

)

(838,512

)

NET CURRENT ASSETS

264,184

1,426,503

TOTAL ASSETS LESS CURRENT
LIABILITIES

429,008

1,618,160

PROVISIONS FOR LIABILITIES

(33,151

)

(39,039

)

NET ASSETS

395,857

1,579,121

CAPITAL AND RESERVES

Called up share capital

200

Retained earnings

395,657

1,578,921

SHAREHOLDERS' FUNDS

395,857

1,579,121

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 27 March 2026 and were signed on its behalf by:

J E Schedvins - Director

Mrs N R B Davies - Director

1.	STATUTORY INFORMATION

Ezee Group 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 Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Ezee Group International Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

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

Significant judgements and estimates

In preparing the financial statements, the directors are required to make judgements estimates and assumptions that affect the amounts reported.

The key judgements applied relates to determining the appropriate useful economic lives of tangible fixed assets based on expected usage and condition of equipment.

Key sources of estimation uncertainty include:

Stock valuation - assessing provisions for obsolete and slow-moving stock requires estimates of future saleability and net realisable value.

Deferred tax - the recognition of deferred tax assets and liabilities involves estimating the timing and the reversal of temporary timing differences.

Depreciation rates - determining rates reflective of the expected pattern of consumption of economic benefits.

These estimates are reviewed regularly and revised where necessary.

Turnover and revenue recognition

Turnover or revenue represents the fair value of goods supplied to customers in the normal course of business, net of discounts, returns and Value Added Tax.

Revenue from the sale of goods is recognised when all of the following conditions are met:

- the company has transferred the significant risks and rewards of ownership to the customer;

- the company retains neither continuing managerial involvement nor effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the economic benefits associated with the transaction will flow to the company, and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

For Ezee Group International Limited the risks and rewards transfer upon despatch to the customer.

Tangible fixed assets

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

Land and buildings

-

20% on cost

Plant and machinery etc

-

25% on reducing balance and 20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, cash and bank balances and intra-group balances.

Financial assets and liabilities are initially measured at transaction price and subsequently at amortised cost, less impairment where applicable.

A financial asset is assessed for impairment at each reporting date and impaired when there is objective evidence that the company will not be able to recover all amounts due according to the original terms.

The company has not entered into any complex financial instruments, derivatives or hedging arrangements.

Taxation

Taxation for the period 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 period 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 period was 8 (2025 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2025

32,877

455,331

488,208

Additions

-

28,170

Disposals

-

(16,343

)

(16,343

)

At 31 December 2025

32,877

467,158

500,035

DEPRECIATION

At 1 April 2025

12,732

293,035

305,767

Charge for period

5,036

40,898

45,934

Eliminated on disposal

-

(7,191

)

(7,191

)

At 31 December 2025

17,768

326,742

344,510

NET BOOK VALUE

At 31 December 2025

15,109

140,416

155,525

At 31 March 2025

20,145

162,296

182,441

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2025

9,216

Additions

83

At 31 December 2025

9,299

NET BOOK VALUE

At 31 December 2025

9,299

At 31 March 2025

9,216

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.3.25

£

Trade debtors

594,794

577,415

Other debtors

29,172

580,487

623,966

1,157,902

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.3.25

£

Trade creditors

481,755

477,661

Amounts owed to group undertakings

87,466

-

Taxation and social security

596,184

349,145

Other creditors

29,308

11,706

1,194,713

838,512

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

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion

We were appointed as auditors of the company for the period ended 31 December 2025 on 17 December 2025 and therefore unable to obtain sufficient appropriate audit evidence regarding the opening balances as at 1 April 2025.

The opening balances affect the determination of the results for the period and the related disclosures.

Consequently, we are unable to determine whether any adjustments might have been necessary in respect of:

- the profit and loss account, including the profit for the period; and

- the balance sheet as at 31 December 2025, including retained earnings and related disclosures.

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.

Chris Denton (Partner) (Senior Statutory Auditor)

for and on behalf of The MGroup Audit Ltd

9.	OTHER FINANCIAL COMMITMENTS

The company entered into a rental agreement for leasehold office and warehouse premises for a minimum term of five years with an annual commitment to rent and service charges of approximately £20,000 per annum.The company has also entered into an informal arrangement to pay rent for storage of £12,600 per annum.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 December 2025 and the year ended 31 March 2025:

31.12.25

31.3.25

£

A D Barnwell and Mrs L M Barnwell

Balance outstanding at start of period

538,962

-

Amounts advanced

374

538,962

Amounts repaid

(538,962

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

374

538,962

Mrs N R B Davies and W B Davies

Balance outstanding at start of period

-

578,518

Amounts repaid

-

(578,518

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

-

The loans to the directors are unsecured, interest-free and repayable upon demand.

11.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of F62 Holding Ltd, a company incorporated in England and Wales. Copies of its group financial statements can be obtained from its registered office at 73 Cornhill, London EC3V 3QQ.

The company's ultimate parent company is SG Advanced Logistics AB, a company incorporated in Sweden.