REGISTERED NUMBER: 02765680 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

CROWN COURIERS LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Notes to the Financial Statements

13

DIRECTORS:

T F Seagers

K L Millichap

W Holmes

SECRETARY:

H M Farren

REGISTERED OFFICE:

International Logistics Centre

Bonehill Road

Tamworth

Staffordshire

B78 3HH

REGISTERED NUMBER:

02765680 (England and Wales)

AUDITORS:

TC Group, Statutory Auditor

31 High View Close

Hamilton Office Park

Leicester

Leicestershire

LE4 9LJ

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

REVIEW OF BUSINESS

Crown Couriers Limited is a medium sized provider of logistics and courier services within the United Kingdom. The company specialises in fast, reliable, and efficient parcel delivery services for businesses and consumers, with a focus on same-day and next-day delivery.

Established in 1990, Crown Couriers has grown significantly, now employing over 65 staff. The company serves a variety of sectors, including parcel, motor trade, healthcare, retail, and engineering. With a strong emphasis on customer satisfaction and technology-driven solutions, Crown Couriers offers tailored delivery options to meet the unique needs of its diverse customer base.

PRINCIPAL RISKS AND UNCERTAINTIES

Crown Couriers is exposed to a range of risks that could impact its business. These include:

Economic and Market Conditions: Economic uncertainty and inflationary cost pressures all could impact profitability. However, the company has adopted flexible pricing strategies, utilising new in house IT software to increase efficiency and mitigate these risks.

Competition: The logistics and courier industry remains highly competitive, with pressure from both established players and potential new entrants. Crown Couriers differentiates itself through superior customer service and tailored solutions such as dynamic routing, real time tracking and full job visibility.

Regulatory and Environmental Compliance: The company faces increasing regulation surrounding environmental standards, particularly in relation to fleet emissions. Crown Couriers is committed to reducing its carbon footprint by planning transition to increased level of electric vehicles (EVs), meeting stricter emissions regulations. In addition we are reviewing options around alternative energy in line with the companies values.

Operational Risks: The company faces risks related to vehicle breakdowns, delivery delays due to adverse weather conditions. Crown Couriers mitigates these risks by maintaining a live tracking of all delivery vehicles, being able to supply additional subcontractors on demand from a large pool.

FINANCIAL HIGHLIGHTS & KPIS

For the financial year ending 31 March 2026, Crown Couriers Limited has delivered a strong performance:

Revenue: £27.1 million (a decrease of 6.9% compared to £29.1 million in 2025)

Profit For The Year After Tax: £903k (an increase of 86.8% from £498k in 2025)

Total Assets: £5.9 million (a decrease of 9.1% from £6.5 million in 2025)

Net Assets/Equity: £3.2 million (an increase of 5.6% from £3.1 million in 2025)

This reduction in trade was mainly attributable to changing trends within the delivery market, however the company has shown good resilience with profit of almost one million pounds for the year. Year on year loss of a couple of existing customers who changed their logistics solution in house during a standard re-tender process contributed to a year on year decline, as we reset our base and focus on more profitable work for future growth. Overheads remain tightly controlled with savings offset by strategic spend & investment on improvement areas to be fit for the future.

BUSINESS STRATEGY

The strategy for Crown Couriers is built around four key pillars:

Expansion & development of Services: We plan to continue to develop our same-day delivery service offering, working with different sectors. This expansion is aligned with the increasing demand for fast and efficient deliveries from consumers.

Technology Integration: Crown Couriers is investing in developing a bespoke in-house software solution, incorporating artificial intelligence (AI) for route optimisation and predictive delivery times. The adoption of machine learning technologies is expected to improve operational efficiency and reduce delivery costs.

Sustainability Initiatives: As part of our commitment to sustainability, we are investing in & driving the use of electric vehicle (EVs) to reduce emissions and decrease reliance on fossil fuels. This will reduce our carbon footprint while positioning us as a leader in eco-friendly logistics solutions.

Customer-Centric Approach: We will continue to focus on delivering exceptional customer service by providing personalised delivery solutions and improving our online tracking and communication systems.

FUTURE PROSPECTS

The outlook for Crown Couriers is positive, with expected growth driven by the continued rise in demand for quick and reliable deliveries. They expect to capture a larger market share in both existing and new sectors.

ON BEHALF OF THE BOARD:

T F Seagers - Director

30 September 2026

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of freight transport by road.

DIVIDENDS

The full dividend declared for the year is £730,323 (2025 - £302,768).

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTOR

T F Seagers held office during the whole of the period from 1 April 2025 to the date of this report.

Other changes in directors holding office are as follows:

K L Millichap and W Holmes were appointed as directors after 31 March 2026 but prior to the date of this report.

FINANCIAL INSTRUMENTS

The company has various financial instruments such as trade debtors and trade creditors which arise directly from operations. The company also has an overdraft facility and in the past has utilised finance to acquire motor vehicles. The company does not enter into derivative transactions. The Company uses invoice financing as part of its working capital management. Under these arrangements, the Company receives an advance from the finance provider against amounts due from customers. The finance provider typically advances a proportion of the receivables balance, with the remainder (less financing fees and charges) received when customers settle their invoices.

The main financial risk arising from the company's activities is credit risk, being the recovery of amounts owed but also reducing the time between the amounts owed and amounts payable to subcontractors. The associated risk is monitored by the board of directors and is mitigated to an acceptable level and having appropriate debt recovery strategies. Interest rate risk is mitigated through working capital and cash management. The company enters into few contracts with overseas parties so foreign currency risk is considered to present limited risk to the business.

DISCLOSURE IN THE STRATEGIC REPORT

As permitted by Paragraph 1A of schedule 7 to the Large and Medium-sized Companies and Groups (Accounts and reports) Regulations 2008 certain matters which are required to be disclosed in the directors' report have been omitted as they are included in the strategic report instead. These matters are considered of strategic importance.

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 auditors are 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 auditors are aware of that information.

AUDITORS

The auditors, TC Group, Statutory Auditor, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

T F Seagers - Director

30 September 2026

Opinion

We have audited the financial statements of Crown Couriers Limited (the 'company') for the year ended 31 March 2026 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and 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 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

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 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 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 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 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 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 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.

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 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 pages four and five, 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.

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.

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 so 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 assess 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.

Richard Gillespie FCCA (Senior Statutory Auditor)

for and on behalf of TC Group, Statutory Auditor

31 High View Close

Hamilton Office Park

Leicester

Leicestershire

LE4 9LJ

2 October 2026

TURNOVER

4

27,078,807

29,130,341

Cost of sales

21,682,829

24,771,383

GROSS PROFIT

5,395,978

4,358,958

Administrative expenses

4,186,456

3,698,554

1,209,522

660,404

Other operating income

-

18,932

OPERATING PROFIT

7

1,209,522

679,336

Interest receivable and similar income

6,070

7,196

Interest payable and similar expenses

8

(13,349

)

(23,190

)

PROFIT BEFORE TAXATION

1,202,243

663,342

Tax on profit

9

299,598

165,836

PROFIT FOR THE FINANCIAL YEAR

902,645

497,506

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

902,645

497,506

FIXED ASSETS

Tangible assets

11

126,484

186,646

CURRENT ASSETS

Debtors

12

5,387,138

6,266,035

Cash at bank

408,511

20,793

5,795,649

6,286,828

CREDITORS

Amounts falling due within one year

13

2,615,266

3,311,853

NET CURRENT ASSETS

3,180,383

2,974,975

TOTAL ASSETS LESS CURRENT LIABILITIES

3,306,867

3,161,621

CREDITORS

Amounts falling due after more than one year

14

77,338

104,414

NET ASSETS

3,229,529

3,057,207

CAPITAL AND RESERVES

Called up share capital

16

2

2

Retained earnings

17

3,229,527

3,057,205

SHAREHOLDERS' FUNDS

3,229,529

3,057,207

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2026 and were signed on its behalf by:

T F Seagers - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2024

2

2,862,467

2,862,469

Changes in equity

Dividends

-

(302,768

)

(302,768

)

Total comprehensive income

-

497,506

497,506

Balance at 31 March 2025

2

3,057,205

3,057,207

Changes in equity

Dividends

-

(730,323

)

(730,323

)

Total comprehensive income

-

902,645

902,645

Balance at 31 March 2026

2

3,229,527

3,229,529

1.	STATUTORY INFORMATION

Crown Couriers 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.

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 financial statements are prepared in sterling, which is the functional currency of the entity and rounded to the nearest pound.

Going concern

As at the point of authorising the accounts, and for the foreseeable future, the directors consider the going concern assumption to still be appropriate. The directors acknowledge that given the rapidly changing business and social environment, there are likely to be significant unknown factors which may present themselves. Such factors are considered by the directors to represent a general inherent level of risk in relation to the going concern assumption albeit not quantifiable at this time.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

•

the requirement of paragraph 33.7.

Turnover

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

Revenue arising on a contract to provide delivery services is recognised at the point the goods have been delivered as that is considered the point the company have fulfilled their contractual obligation. On delivery the following will be satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the transactions; and

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

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles - 25% on cost

IT & Office equipment - 20% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

At each reporting date the group assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income statement.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

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.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

Preparation of the financial statements requires management to make significant judgements and the items in the financial statements where these judgements and estimates have been made include:

Debtor recoverability

The company has a policy in place to assess the need for impairment of trade debtors. The company considers the trade debtors on an individual basis and uses its knowledge of the customer, ageing of the debt and historic rate of defaults. Based on this analysis the company then applies a specific provision against the trade debtor balances.

4.

TURNOVER

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

All turnover has been generated in the UK.

5.	EMPLOYEES AND DIRECTORS

2026

2025

£

£

Wages and salaries

2,739,828

2,387,857

Social security costs

355,599

248,226

Other pension costs

72,972

58,452

3,168,399

2,694,535

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

2026

2025

Operations

54

51

Admin

8

8

IT

5

5

Sales

2

2

Marketing

1

1

70

67

6.	DIRECTORS' EMOLUMENTS

2026

2025

£

£

Directors' remuneration

52,992

181,458

Directors' pension contributions to money purchase schemes

-

2,566

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

Money purchase schemes

-

1

7.	OPERATING PROFIT

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

2026

2025

£

£

Hire of plant and machinery

12,289

27,270

Other operating leases

145,000

145,000

Depreciation - owned assets

23,367

27,296

Depreciation - assets under HP

40,112

10,523

Profit on disposal of fixed assets

-

(43,166

)

Auditors' remuneration

22,000

20,000

8.

INTEREST PAYABLE AND SIMILAR EXPENSES

2026

2025

£

£

Invoice discounting interest

5,318

20,526

Hire purchase interest

8,031

2,664

13,349

23,190

9.

TAXATION

Analysis of the tax charge

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

2026

2025

£

£

Current tax:

UK corporation tax

307,218

147,316

Deferred tax

(7,620

)

18,520

Tax on profit

299,598

165,836

UK corporation tax was charged at 25%) in 2025.

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:

2026

2025

£

£

Profit before tax

1,202,243

663,342

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

300,561

165,836

Effects of:

Expenses not deductible for tax purposes

150

176

Capital allowances in excess of depreciation

-

(18,696

)

Depreciation in excess of capital allowances

7,300

-

Other timing differences

(8,413

)

18,520

Total tax charge

299,598

165,836

10.

DIVIDENDS

2026

2025

£

£

Final

730,323

302,768

11.	TANGIBLE FIXED ASSETS

IT &

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

160,450

260,594

421,044

Additions

-

3,317

3,317

At 31 March 2026

160,450

263,911

424,361

DEPRECIATION

At 1 April 2025

10,523

223,875

234,398

Charge for year

40,112

23,367

63,479

At 31 March 2026

50,635

247,242

297,877

NET BOOK VALUE

At 31 March 2026

109,815

16,669

126,484

At 31 March 2025

149,927

36,719

186,646

As at 31 March 2026, NBV of assets held under hire purchase was £109,815 (2025 - £149,927)

12.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

4,924,392

5,485,406

Amounts owed by group undertakings

1,263

376,552

Other debtors

242,770

193,186

Deferred tax asset

28,776

21,156

Prepayments

189,937

189,735

5,387,138

6,266,035

13.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts (see note 15)

25,883

22,989

Trade creditors

1,661,737

2,065,616

Corporation tax

112,552

36,975

Social security and other taxes

87,846

62,830

Pension creditor

16,355

12,067

VAT

286,760

240,234

Other creditors

-

582,188

Directors' loan accounts

5,000

-

Accruals and deferred income

419,133

288,954

2,615,266

3,311,853

Fixed and floating charges over assets of the company are in place in relation to the overdraft and invoice financing facilities held.

14.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts (see note 15)

77,338

104,414

15.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

25,883

22,989

Between one and five years

77,338

104,414

103,221

127,403

Non-cancellable

operating leases

2026

2025

£

£

Within one year

146,547

148,501

Between one and five years

181,250

327,786

327,797

476,287

Hire purchase contracts are secured against the assets to which they relate.

16.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

2

Ordinary

£1

2

2

17.

RESERVES

Retained Earnings

This reserve represents cumulative profits or losses, net of dividends paid and other adjustments.

18.	PENSION COMMITMENTS

The pension costs charge represents contributions payable by the company to the scheme and amounted to £72,972 (2025 - £58,452). At the end of the year the outstanding balance was £16,355 (2025 - £12,067).

19.	ULTIMATE PARENT COMPANY

Logistics Solutions Limited is the company's ultimate parent company.

The smallest and largest group in which the results of the company are consolidated is that headed by Logistic Solutions Limited, incorporated in the United Kingdom. The consolidated accounts are

available to the public and may be obtained from Companies House.