REGISTERED NUMBER: 00348187 (England and Wales)

Neill & Brown Limited

Financial Statements for the Year Ended 30 April 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P A Brown

J C Brown

C Andrew

S Dean

P C Allon

D C Yeardley

P A Brown

SECRETARY:

P C Allon

REGISTERED OFFICE:

Overseas House

Livingstone Road

Hessle

Hull

East Yorkshire

HU13 0EG

REGISTERED NUMBER:

00348187 (England and Wales)

AUDITORS:

Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Tangible assets

5

2,182,098

2,284,603

Investments

6

100

100

2,182,198

2,284,703

CURRENT ASSETS

Debtors

7

5,201,354

4,153,682

Cash at bank

8

267,924

536,013

5,469,278

4,689,695

CREDITORS

Amounts falling due within one year

9

4,241,340

3,533,101

NET CURRENT ASSETS

1,227,938

1,156,594

TOTAL ASSETS LESS CURRENT LIABILITIES

3,410,136

3,441,297

CREDITORS

Amounts falling due after more than one year

10

(393,500

)

(467,397

)

PROVISIONS FOR LIABILITIES

(216,258

)

(242,043

)

NET ASSETS

2,800,378

2,731,857

CAPITAL AND RESERVES

Called up share capital

13

1,000

1,000

Retained earnings

2,799,378

2,730,857

SHAREHOLDERS' FUNDS

2,800,378

2,731,857

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 1 October 2026 and were signed on its behalf by:

P A Brown - Director

1.	STATUTORY INFORMATION

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

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 4 Statement of Financial Position paragraph 4.12(a)(iv);

- the requirements of Section 7 Statement of Cash Flows;

- the requirement of Section 3 Financial Statement Presentation paragraph 3.17(d);

- the requirement of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Neill & Brown Global Logistics Limited as at 30 April 2026 and these financial statements may be obtained from Overseas House, Waterside Trading Park, Livingstone Road.

Turnover

Turnover is recognised at the point the company has completed its services to the customer and to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

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. The estimated useful lives range as follows:

- Freehold property - 2% on cost per annum

- Long term leasehold property - straight line over the term of the lease

- Plant and machinery - 15% per annum on written down value/5-33% on cost per annum

- Fixtures and fittings - 15-25% on cost per annum

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 within the Statement of income and retained earnings.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Cash at bank and in hand

Cash is represented by cash in hand and deposits held at call with financial institutions. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Finance costs

Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Dividends

Equity dividends are recognised when they become legally payable.

Financial instruments

The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the statement of income and retained earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, and trading loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate.

The company does not currently apply hedge accounting for foreign exchange derivatives.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation

The tax expense for the year comprises current and deferred tax.Tax is recognised in the statement of income and retained earnings, except that a change attributable to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the difference between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pensions

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.

The company operates a defined contribution pension plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as an expense in the statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the statement of income and retained earnings in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2025 - 44 ) .

4.	AUDITORS' REMUNERATION

2026

2025

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

6,610

5,923

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2025

3,645,586

1,463,975

5,109,561

Additions

-

59,227

59,227

At 30 April 2026

3,645,586

1,523,202

5,168,788

DEPRECIATION

At 1 May 2025

1,940,461

884,497

2,824,958

Charge for year

38,366

123,366

161,732

At 30 April 2026

1,978,827

1,007,863

2,986,690

NET BOOK VALUE

At 30 April 2026

1,666,759

515,339

2,182,098

At 30 April 2025

1,705,125

579,478

2,284,603

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2025

and 30 April 2026

1,100

PROVISIONS

At 1 May 2025

and 30 April 2026

1,000

NET BOOK VALUE

At 30 April 2026

100

At 30 April 2025

100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Portable Movements Limited

Registered office: Overseas House, Livingstone Road, Hessle, East Yorkshire, HU13 0EG

Nature of business: Caravan Haulage

%

Class of shares:

holding

Ordinary £1

100.00

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,291,795

873,442

Amounts owed by group undertakings

3,691,646

3,069,294

Other debtors

217,913

210,946

5,201,354

4,153,682

Amounts owed by group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

8.	CASH AT BANK

2026

2025

£

£

Bank account

267,924

536,013

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

1,085,201

901,120

Amounts owed to group undertakings

2,738,533

2,262,527

Taxation and social security

259,196

178,572

Other creditors

158,410

190,882

4,241,340

3,533,101

Included within creditors falling due within one year are secured creditors for £64,903 (2025: £70,595) relating to related party pension fund loans and hire purchase contracts. These creditors are secured against tangible fixed assets. All other creditors are unsecured, interest free and repayable on demand.

The company has granted the office of the First Secretary of State a first legal charge, registered 30th September 2004, over its leasehold interest in part of the company's trading premises against the grant it received.

The company's banking facilities are secured by way of a fixed charge over book debts and a floating charge over the assets generally.

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

393,500

467,397

Included with creditors falling due after more than one year are secured creditors for £109,215 (2025: £174,118) relating to related party pension fund loans. The other loans are secured against tangible fixed assets and repayable in period of 5 years at interest rates between 2.74% - 8.91%.

11.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

Amounts falling due within one year or on demand:

Pension fund loan

64,903

70,595

RGF grant

8,998

8,998

73,901

79,593

Amounts falling due between one and two years:

Pension Fund Loan

39,147

64,903

RGF grant

8,998

8,987

48,145

73,890

Amounts falling due between two and five years:

Pension fund loan

70,068

109,215

RGF grant

275,287

284,292

345,355

393,507

12.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

141,663

9,038

Between one and five years

534,530

13,068

In more than five years

243,146

-

919,339

22,106

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1,000

Ordinary

£1

1,000

1,000

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

The Report of the Auditors was unqualified.

William Cowell FCA (Senior Statutory Auditor)

for and on behalf of Smailes Goldie

15.	PENSION COMMITMENTS

The company contributes to a workplace pension scheme for its employees. The pension charge represents contributions due from the company and amounted to £27,673 (2025: £26,874). There were no contributions prepaid or outstanding at the balance sheet date.

16.	CONTINGENT LIABILITIES

In the event that the company fails to fulfil the qualifying criteria in respect of the grant, the First Secretary of State has the right to seek recovery of all or part of the grant made.

17.	RELATED PARTY DISCLOSURES

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.

The company has borrowed funds from the Neill and Brown Global Logistics Group Directors' Pension Scheme in order to fund the purchase of tangible assets. No such assets were acquired in the current year (2025: £190,000).

The loans are all secured against the asset and interest of £13,832 (2025: £7,884) was paid during the year. At the balance sheet date £174,118 (2025: £244,713) was outstanding.

18.	ULTIMATE CONTROLLING PARTY