REGISTERED NUMBER: 05349809 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 January 2026

for

A-Field Transport Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Statement of Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Cash Flow Statement

11

Notes to the Cash Flow Statement

12

Notes to the Financial Statements

14

DIRECTORS:

L J Firth

R A Firth

SECRETARY:

L J Firth

REGISTERED OFFICE:

Unit K2 Lowfields Way

Lowfields Business Park

Elland

Halifax

West Yorkshire

HX5 9DA

REGISTERED NUMBER:

05349809 (England and Wales)

AUDITORS:

KJA Kilner Johnson Ltd (Statutory Auditors)

Woodland House

Woodland Park

Bradford Road

Cleckheaton

BD19 6BW

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

REVIEW OF BUSINESS

The results of the company as set out on page 8 show a profit on ordinary activities before tax of £323,698 (2025: 251,521).

The company's statement of financial position set out on page 10 remains strong with positive cash reserves of £1,000,840 (2025: 1,256,417).

The company continued to expand and grow in both haulage and warehousing, resulting in an increase in turnover of 6.2% from the previous year. Post year end the company has continued to increase the size of its fleet, which is expected to continue for the oncoming year to further increase turnover and offset an expected increase in costs.

PRINCIPAL RISKS AND UNCERTAINTIES

Financial, credit, liquidity and cashflow risk are considered low. Working capital is managed and constantly reviewed on a weekly basis. The company maintains a healthy balance sheet which remains strong due to continued investment in the company's assets that allow the business to run efficiently.

STRATEGY

The business strategy for the oncoming year sees the company continuing to concentrate on delivering profitable and sustainable growth through investments in key personnel, assets, sales and marketing.

KEY PERFORMANCE INDICATORS

The board monitors the progress of the company by reference to the following KPI's:

2026

2025

£

£

Turnover

13,278,996

12,500,385

Gross profit percentage

35.3%

33.7%

Operating profit percentage

4.6%

3.9%

The main non-financial KPI is the number of customer orders received.

FUTURE DEVELOPMENTS

The company feels that it is well placed to continue to grow its customer base and profitability.

ON BEHALF OF THE BOARD:

R A Firth - Director

27 October 2026

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of haulage, distribution and storage services.

DIVIDENDS

An interim dividend of £150 per share was paid on 31 January 2026. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 January 2026 will be £ 144,000 .

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.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 February 2025 to the date of this report.

L J Firth

R A Firth

There has been a qualifying third party indemnity provision in force for the benefit of the directors throughout the year and up to the date of this report.

POLITICAL DONATIONS AND EXPENDITURE

All donations are charitable not political.

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, KJA Kilner Johnson Ltd (Statutory Auditors), will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

R A Firth - Director

27 October 2026

Opinion

We have audited the financial statements of A-Field Transport Limited (the 'company') for the year ended 31 January 2026 which comprise the Statement of 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 our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 January 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 page three, 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

While planning our audit, we have made enquiries of management and those charged with governance around any actual or potential litigation and claims against the company for non-compliance with specific laws and regulations. The same has been done in respect of any instances of fraud or irregularities. The responses received have been communicated with the engagement team at the planning stage.

We have not been informed of any specific laws or regulatory related issues that could materially impact the financial statements in addition to this, there has been no suspected fraud or irregularities reported to us.

While planning our audit the engagement partner selected appropriately trained staff to be engaged in the audit and the team are allocated based on their competence and capabilities.

The audit work undertaken is a substantive work based audit approach, reviewing to source documentation where appropriate and includes a review and walkthrough of the systems which management have put in place. These tests are directional. Therefore, they are designed in a way to maximise audit effectiveness and the possible identification of any material fraud, irregularities, or instances of systems and procedure breaches. Our testing did not identify any issues that requires any additional reporting.

These tests and other areas of our audit work are designed to enhance our ability to detect cases of material fraud and certain irregularities. It should be noted that our audit is carried out using a material based approach and therefore does not test every transaction, as such it would not detect all instances of irregularities and specifically fraud which is inherently more difficult to detect.

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.

Raza Effendi MBA FCA (Senior Statutory Auditor)

for and on behalf of KJA Kilner Johnson Ltd (Statutory Auditors)

Woodland House

Woodland Park

Bradford Road

Cleckheaton

BD19 6BW

27 October 2026

TURNOVER

3

13,278,996

12,500,385

Cost of sales

8,589,815

8,282,588

GROSS PROFIT

4,689,181

4,217,797

Distribution costs

12,340

4,998

Administrative expenses

4,060,350

4,512,318

4,072,690

4,517,316

616,491

(299,519

)

Other operating income

-

790,543

OPERATING PROFIT

5

616,491

491,024

Interest receivable and similar income

13,714

3,801

630,205

494,825

Interest payable and similar expenses

6

306,507

243,304

PROFIT BEFORE TAXATION

323,698

251,521

Tax on profit

7

92,608

98,250

PROFIT FOR THE FINANCIAL YEAR

231,090

153,271

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

231,090

153,271

FIXED ASSETS

Intangible assets

9

73,662

77,723

Tangible assets

10

3,501,459

3,149,923

3,575,121

3,227,646

CURRENT ASSETS

Debtors

11

2,817,865

3,537,658

Cash at bank and in hand

1,000,840

1,256,417

3,818,705

4,794,075

CREDITORS

Amounts falling due within one year

12

2,625,782

3,325,994

NET CURRENT ASSETS

1,192,923

1,468,081

TOTAL ASSETS LESS CURRENT LIABILITIES

4,768,044

4,695,727

CREDITORS

Amounts falling due after more than one year

13

(2,268,199

)

(2,346,699

)

PROVISIONS FOR LIABILITIES

17

(677,014

)

(613,287

)

NET ASSETS

1,822,831

1,735,741

CAPITAL AND RESERVES

Called up share capital

18

960

960

Share premium

19

6,016

6,016

Capital redemption reserve

19

14,824

14,824

Retained earnings

19

1,801,031

1,713,941

SHAREHOLDERS' FUNDS

1,822,831

1,735,741

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2026 and were signed on its behalf by:

R A Firth - Director

Called up

Capital

share

Retained

Share

redemption

Total

capital

earnings

premium

reserve

equity

£

£

£

£

£

Balance at 1 February 2024

960

1,825,670

6,016

14,824

1,847,470

Changes in equity

Dividends

-

(265,000

)

-

-

(265,000

)

Total comprehensive income

-

153,271

-

-

153,271

Balance at 31 January 2025

960

1,713,941

6,016

14,824

1,735,741

Changes in equity

Dividends

-

(144,000

)

-

-

(144,000

)

Total comprehensive income

-

231,090

-

-

231,090

Balance at 31 January 2026

960

1,801,031

6,016

14,824

1,822,831

Cash flows from operating activities

Cash generated from operations

1

2,585,736

1,148,281

Interest paid

(89,932

)

(47,913

)

Interest element of hire purchase payments paid

(216,575

)

(195,391

)

Tax paid

61,947

-

Net cash from operating activities

2,341,176

904,977

Cash flows from investing activities

Purchase of intangible fixed assets

-

(67,356

)

Purchase of tangible fixed assets

(462,632

)

(134,587

)

Employee loan movements

11,095

3,190

Related party loan movements

(1,011,708

)

491,414

Interest received

13,714

3,801

Net cash from investing activities

(1,449,531

)

296,462

Cash flows from financing activities

New loans in year

371,750

534,500

Loan repayments in year

(191,921

)

(128,269

)

Capital repayments in year

(1,040,181

)

(773,786

)

Amount introduced by directors

274,000

480,006

Amount withdrawn by directors

(421,003

)

(535,174

)

Equity dividends paid

(144,000

)

(265,000

)

Net cash from financing activities

(1,151,355

)

(687,723

)

(Decrease)/increase in cash and cash equivalents

(259,710

)

513,716

Cash and cash equivalents at beginning of year

2

1,245,583

731,867

Cash and cash equivalents at end of year

2

985,873

1,245,583

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

2026

2025

£

£

Profit before taxation

323,698

251,521

Depreciation charges

981,502

992,176

Finance costs

306,507

243,304

Finance income

(13,714

)

(3,801

)

1,597,993

1,483,200

Decrease/(increase) in trade and other debtors

816,418

(665,281

)

Increase in trade and other creditors

171,325

330,362

Cash generated from operations

2,585,736

1,148,281

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 January 2026

31.1.26

1.2.25

£

£

Cash and cash equivalents

1,000,840

1,256,417

Bank overdrafts

(14,967

)

(10,834

)

985,873

1,245,583

Year ended 31 January 2025

31.1.25

1.2.24

£

£

Cash and cash equivalents

1,256,417

737,386

Bank overdrafts

(10,834

)

(5,519

)

1,245,583

731,867

3.	ANALYSIS OF CHANGES IN NET DEBT

Other

non-cash

At 1.2.25

Cash flow

changes

At 31.1.26

£

£

£

£

Net cash

Cash at bank

and in hand

1,256,417

(255,577

)

1,000,840

Bank overdrafts

(10,834

)

(4,133

)

(14,967

)

1,245,583

(259,710

)

985,873

Debt

Finance leases

(2,723,252

)

1,040,181

(866,344

)

(2,549,415

)

Debts falling due

within 1 year

(183,240

)

(55,112

)

-

(238,352

)

Debts falling due

after 1 year

(494,088

)

(124,717

)

-

(618,805

)

(3,400,580

)

860,352

(866,344

)

(3,406,572

)

Total

(2,154,997

)

600,642

(866,344

)

(2,420,699

)

1.	STATUTORY INFORMATION

A-Field Transport 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 (£).

The company's principal place of business is Units 4-9 Sidhil Business Park, Halifax.

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.

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 is recognised based on the date that the haulage or storage took place.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

Straight line over 11 years

Plant and machinery etc

-

25% reducing balance, 20% straight line, 15% reducing balance and 10% straight line

Tangible fixed assets are initially recognised when costs are incurred and depreciated from when they are brought into use. They are written down in value if there is any indication of impairment.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being a period of at least 12 months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

3.

TURNOVER

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

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

2026

2025

£

£

Haulage

10,819,134

10,130,903

Storage

2,433,039

2,369,482

Cafe

26,823

-

13,278,996

12,500,385

4.	EMPLOYEES AND DIRECTORS

2026

2025

£

£

Wages and salaries

3,537,734

3,098,972

Social security costs

452,039

341,487

Other pension costs

134,276

107,614

4,124,049

3,548,073

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

2026

2025

Drivers

42

41

Warehouse

22

16

Transport

8

7

Administration

7

7

Establishment

4

4

83

75

2026

2025

£

£

Directors' remuneration

88,417

80,057

Directors' pension contributions to money purchase schemes

36,000

24,000

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

Money purchase schemes

2

2

5.	OPERATING PROFIT

The operating profit is stated after charging:

2026

2025

£

£

Operating leases

317,617

334,685

Ad hoc rentals

2,102,651

2,283,278

Depreciation - owned assets

212,896

216,569

Depreciation - assets on hire purchase contracts

764,544

773,567

Patents and licences amortisation

4,061

2,040

Auditors' remuneration

15,000

15,000

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2026

2025

£

£

Bank interest

14,497

11,330

Bank loan interest

7,499

17,007

Interest on overdue VAT

-

8

Interest on other loans

67,936

19,568

Hire purchase

216,575

195,391

306,507

243,304