REGISTERED NUMBER: 02206442 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

ARROW COMMERCIAL CENTRE (HUDDERSFIELD)

LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditor

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 R E Hill

Mr J R Hill

Mrs R E Hill-Birtles

REGISTERED OFFICE:

Grove Garage

Guy Edge

Linthwaite

Huddersfield

HD7 5TQ

REGISTERED NUMBER:

02206442 (England and Wales)

AUDITOR:

Xeinadin Audit Limited

Level 5a, Maple House

149 Tottenham Court Road

London

W1T 7NF

BANKERS:

HSBC Bank PLC

Carmel House

49-63 Fargate

Sheffield

South Yorkshire

S1 2HD

The directors present their strategic report for the year ended 31 March 2026.

REVIEW OF BUSINESS

The company hires out commercial vehicles and cars throughout the Yorkshire region. The company purchases new vehicles for the hire fleet, the purchasing decisions are made by looking at customer demand, vehicle price, residual value, vehicle availability, vehicle specification, vehicle quality, manufacturer warranty and manufacturer support.

As a business we look to purchase vehicles that have good manufacturer support both in terms of warranty and vehicle parts availability. This helps us give our customers the best experience while on hire. The decisions on disposal of vehicles are based on vehicle reliability, market conditions, residual value, customer demand and running costs. The disposal of vehicles from our fleet is done through trade channels using various auction houses.

VEHICLE HIRE MARKET

The vehicle hire market has remained buoyant throughout this financial year. We have seen vehicles prices increase throughout the year. We have had a slight increase in the demand for electric commercial vehicles throughout the year, this has been very much in the car derived van sector, however the slight increase in demand is nowhere near the targets set by the government.

OBJECTIVES

The company is looking to expand in a very controlled manner by dealing with local businesses who appreciate a higher level of personal service that a national company cannot offer. As a business we look to deal with financially strong businesses within our region, who appreciate the unique approach we have to looking after our customers.

STRATEGY

The company will meet its objectives using the above model.

RISKS AND UNCERTAINTIES

The company's operations expose it to a variety of financial risks including the effects of interest rate changes and credit risk. As a business we have a platform in place to ensure that all clients financial information is monitored, ensuring credit limits are appropriate for the customer. Most new customers pay via direct debit which ensures prompt payment terms.

KEY PERFORMANCE INDICATORS

The company uses a number of KPI's to ensure that the business is on target to meet its objectives. These KPI's include rate per day, utilisation, whole life vehicle cost and profit per unit. We continue to work to the standards of ISO 9001 2008 which ensures that we have the correct quality assurance methods in place. We are a member of the BVRLA and as part of the membership we have inspections annually.

ON BEHALF OF THE BOARD:

Mr J R Hill - Director

23 September 2026

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

PRINCIPAL ACTIVITIES

The principal activities of the company during the year were those of car and commercial vehicle hire and sales.

DIVIDENDS

The total distribution of dividends for the year ended 31 March 2026 will be £1,306,140. (2025: £6,335,140)

FUTURE DEVELOPMENTS

The company will continue to generate good profit margins and increase cash flow through the next financial year. As the business expands in the controlled manor the gearing may increase but this is also offset by our policy to keep assets on the fleet for longer. The company will continue to increase its market share through organic growth but if the correct opportunity arose it may increase by acquisition.

DIRECTORS

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

The directors shown below were in office at 31 March 2026 but did not hold any interest in the Ordinary shares of £1 each at 1 April 2025 or 31 March 2026.

Mr R E Hill

Mr J R Hill

Mrs R E Hill-Birtles

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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.

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 auditor is unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditor is aware of that information.

AUDITOR

The auditor, Xeinadin Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr R E Hill - Director

23 September 2026

Opinion

I have audited the financial statements of Arrow Commercial Centre (Huddersfield) Limited (the 'company') for the year ended 31 March 2026 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 my opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 March 2026 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 opinion

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

Conclusions relating to going concern

In auditing the financial statements, I 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 I have performed, I 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.

My 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 Strategic Report and the Report of the Directors, but does not include the financial statements and my Report of the Auditor thereon.

My opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in my report, I do not express any form of assurance conclusion thereon.

In connection with my audit of the financial statements, my responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or my knowledge obtained in the audit or otherwise appears to be materially misstated. If I identify such material inconsistencies or apparent material misstatements, I am required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work I have performed, I conclude that there is a material misstatement of this other information, I am required to report that fact. I have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

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

Matters on which I am 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, I have not identified material misstatements in the Strategic Report or the Report of the Directors.

I have nothing to report in respect of the following matters where the Companies Act 2006 requires me to report to you if, in my opinion:

-	adequate accounting records have not been kept, or returns adequate for my audit have not been received from branches not visited by me; or

-	the 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

-	I have not received all the information and explanations I require for my 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 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 company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

My 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 Auditor that includes my 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 my procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We design audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to the Companies Act 2006. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

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. The 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 my 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 my Report of the Auditor.

Use of my 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. My audit work has been undertaken so that I might state to the company's members those matters I am required to state to them in a Report of the Auditor and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's members as a body, for my audit work, for this report, or for the opinions I have formed.

Robert Watson BA(Hons) FCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

Level 5a, Maple House

149 Tottenham Court Road

London

W1T 7NF

23 September 2026

TURNOVER

3

14,700,397

14,159,107

Cost of sales

9,997,725

9,526,779

GROSS PROFIT

4,702,672

4,632,328

Administrative expenses

2,710,997

2,842,404

OPERATING PROFIT

6

1,991,675

1,789,924

Interest receivable and similar income

86,336

70,635

PROFIT BEFORE TAXATION

2,078,011

1,860,559

Tax on profit

7

519,906

525,463

PROFIT FOR THE FINANCIAL YEAR

1,558,105

1,335,096

PROFIT FOR THE YEAR

1,558,105

1,335,096

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,558,105

1,335,096

FIXED ASSETS

Tangible assets

9

17,685,632

17,712,154

CURRENT ASSETS

Stocks

10

56,654

67,034

Debtors

11

2,868,163

2,336,641

Cash at bank and in hand

4,806,936

4,044,059

7,731,753

6,447,734

CREDITORS

Amounts falling due within one year

12

9,759,418

9,384,032

NET CURRENT LIABILITIES

(2,027,665

)

(2,936,298

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,657,967

14,775,856

CREDITORS

Amounts falling due after more than one year

13

8,846,957

8,216,811

NET ASSETS

6,811,010

6,559,045

CAPITAL AND RESERVES

Called up share capital

18

12,300

12,300

Retained earnings

6,798,710

6,546,745

SHAREHOLDERS' FUNDS

6,811,010

6,559,045

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2026 and were signed on its behalf by:

Mr J R Hill - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2024

12,300

11,546,789

11,559,089

Changes in equity

Dividends

-

(6,335,140

)

(6,335,140

)

Total comprehensive income

-

1,335,096

1,335,096

Balance at 31 March 2025

12,300

6,546,745

6,559,045

Changes in equity

Dividends

-

(1,306,140

)

(1,306,140

)

Total comprehensive income

-

1,558,105

1,558,105

Balance at 31 March 2026

12,300

6,798,710

6,811,010

Cash flows from operating activities

Cash generated from operations

1

7,630,394

8,001,847

Interest element of hire purchase payments paid

(784,009

)

(907,582

)

Tax paid

(582,522

)

(626,601

)

Net cash from operating activities

6,263,863

6,467,664

Cash flows from investing activities

Purchase of tangible fixed assets

(8,060,892

)

(7,874,792

)

Sale of tangible fixed assets

2,803,924

2,972,107

Interest received

86,336

70,635

Net cash from investing activities

(5,170,632

)

(4,832,050

)

Cash flows from financing activities

Net Capital advances/(repayments)

825,315

71,533

Net amount introduced by directors

190,000

235,061

Net amount withdrawn by directors

(151,348

)

(239,819

)

Amounts paid (to)/from group undertaking

111,819

6,021,551

Equity dividends paid

(1,306,140

)

(6,335,140

)

Net cash from financing activities

(330,354

)

(246,814

)

Increase in cash and cash equivalents

762,877

1,388,800

Cash and cash equivalents at beginning of year

2

4,044,059

2,655,259

Cash and cash equivalents at end of year

2

4,806,936

4,044,059

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

31.3.26

31.3.25

£

£

Profit before taxation

2,078,011

1,860,559

Depreciation charges

6,868,314

6,745,157

Profit on disposal of fixed assets

(1,584,824

)

(1,692,620

)

HP charges

784,009

907,582

Transfer motor vehicles from debtors

-

(251,667

)

Finance income

(86,336

)

(70,635

)

8,059,174

7,498,376

Decrease in stocks

10,380

17,812

(Increase)/decrease in trade and other debtors

(433,681

)

627,468

Decrease in trade and other creditors

(5,479

)

(141,809

)

Cash generated from operations

7,630,394

8,001,847

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

4,806,936

4,044,059

Year ended 31 March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

4,044,059

2,655,259

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.4.25

Cash flow

At 31.3.26

£

£

£

Net cash

Cash at bank and in hand

4,044,059

762,877

4,806,936

4,044,059

762,877

4,806,936

Debt

Finance leases

(14,098,875

)

(825,315

)

(14,924,190

)

(14,098,875

)

(825,315

)

(14,924,190

)

Total

(10,054,816

)

(62,438

)

(10,117,254

)

1.	COMPANY INFORMATION

Arrow Commercial Centre (Huddersfield) 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 financial statements are prepared in sterling which is the functional currency of the entity and rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements have been set out below.

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.

Significant judgements and estimates

In the process of applying the Company's accounting policies as described below, the directors have made the following judgement concerning motor vehicles for hire that has the most significant effect on the amounts recognised in the financial statements and will have an impact on the next 12 months.

Depreciation:

Vehicles for hire are depreciated on a straight line basis using depreciation rates that reflect economic lives of between four and six years. These depreciation rates have been determined by consideration of many factors including used car market conditions, anticipating holding periods, vehicle models and historical experience. Management regularly monitor depreciation charges and the need, if any to adjust the annual charge based on vehicle mileage, used condition and other industry factors.

There are no other key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of vehicles and from the rendering of services.

Sale of vehicles

Turnover from the sale of vehicles is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover 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. This is usually at the point that the customer has signed the vehicle log book.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from vehicle hire is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to length of the contract completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets

Fixed assets are all initially recorded at original cost. Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows:

Plant and equipment - 20% straight line

Motor vehicles - 16.7% to 25% straight line

Computer equipment - 33.3% straight line

Leasehold property improvement - 2% straight line

Vehicles subject to a manufacturer or dealer buy-back commitment, that have a contractual holding period of less than 12 months, are recognised as current assets and are recognised at the contractual buy-back price, under trade debtors.

Stocks

Stocks are stated at the lower of cost and estimated selling price. Cost includes all costs of the vehicles, and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

Taxation

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.

Employee benefits

Short term employee benefits and contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.

Hire purchase and leasing commitments

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their book value. The capital element of the future payments is treated as a liability and the interest is applied monthly at variable rates and is released to the profit and loss account.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, either as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.

TURNOVER

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

An analysis of turnover by class of business is given below:

31.3.26

31.3.25

£

£

Vehicle sales and repairs

775,019

776,668

Vehicle hire

13,925,378

13,382,439

14,700,397

14,159,107

4.	EMPLOYEES AND DIRECTORS

31.3.26

31.3.25

£

£

Wages and salaries

2,211,205

2,086,436

Social security costs

272,318

207,202

Other pension costs

66,625

144,581

2,550,148

2,438,219

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

31.3.26

31.3.25

Mechanics, drivers and valeters

41

41

Administration and sales

24

24

Directors

3

3

68

68

5.	DIRECTORS' EMOLUMENTS

31.3.26

31.3.25

£

£

Directors' remuneration

57,987

57,957

Directors' pension contributions to money purchase schemes

6,000

85,000

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

1

2

6.	OPERATING PROFIT

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

31.3.26

31.3.25

£

£

Depreciation - owned assets

6,868,314

6,745,157

Profit on disposal of fixed assets

(1,584,824

)

(1,692,620

)

Auditors' remuneration

19,500

18,000

Operating lease costs

258,658

252,641

7.

TAXATION

Analysis of the tax charge

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

31.3.26

31.3.25

£

£

Current tax:

UK corporation tax

610,457

526,785

Over/under provision in prior

year

7,289

-

Total current tax

617,746

526,785

Deferred tax

(97,840

)

(1,322

)

Tax on profit

519,906

525,463

UK corporation tax has been charged at 25% (2025 - 25%).

Reconciliation of total tax charge included in profit and loss

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

31.3.26

31.3.25

£

£

Profit before tax

2,078,011

1,860,559

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2025 - 25%)

519,503

465,140

Effects of:

Expenses not deductible for tax purposes

953

1,038

Depreciation in excess of capital allowances

496,333

493,232

Profit on disposal of fixed assets

(396,206

)

(423,155

)

Deferred tax movement

(97,840

)

(1,322

)

Over provision in prior year

7,289

-

Group relief

(10,126

)

(9,470

)

Total tax charge

519,906

525,463

8.

DIVIDENDS

31.3.26

31.3.25

£

£

Interim

1,306,140

6,335,140