1. Accounting Policies

Turnover
Turnover is recognised when goods are delivered or services are provided.

Taxation
Corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Intangible fixed assets
Intangible fixed assets are stated at cost less accumulated amortisation. The e-cargo bike fleet is carried at valuation: £2,500 per bike at 31 January 2026, set by the directors by reference to post-year-end sales of fleet bikes (with multiple sales made for between £3,500 to £5,000). Depreciation is straight line over estimated useful lives. At historical cost the fleet’s net book value would have been about £72,400. The intangible asset is amortised straight line over ten years.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. The e-cargo bike fleet is carried at valuation: £2,500 per bike at 31 January 2026, set by the directors by reference to post-year-end sales of fleet bikes (with multiple sales made for between £3,500 to £5,000). Depreciation is straight line over estimated useful lives. At historical cost the fleet’s net book value would have been about £72,400. The intangible asset is amortised straight line over ten years.

Debtors
Debtors are recognised at the settlement amount due.

Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments.

Creditors
Creditors are recognised when there is an obligation at the balance sheet date as a result of a past event.

2. Basis of Preparation

These financial statements have been prepared in accordance with the small companies regime of the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.

3. Employee Information

The average number of employees during the year was: 84

4. Off-balance sheet arrangements

The company had no off-balance sheet arrangements during the year.

5. Advances, credit and guarantees granted to directors

No advances or credit were granted to, and no guarantees were entered into on behalf of, the directors during the year.

6. Financial commitments, guarantees and contingencies

The company had no financial commitments, guarantees or contingencies that are not included in the balance sheet.

7. Fixed Assets

Fixed assets are stated at net book value. The depreciation and amortisation charge for the period is recorded as a single amount and is not analysed between intangible and tangible assets.

	Intangible assets £	Tangible assets £	Total £
Net book value at start of period	54,000	74,225	128,225
Additions less disposals			149,927
Depreciation and amortisation charge for period			(10,197)
Net book value at end of period	48,600	219,355	267,955

8. Debtors

Debtors comprise amounts receivable at the balance sheet date.

	2026 £	2025 £
Trade and other debtors	181,430	165,522

9. Creditors: Amounts Falling Due Within One Year

Creditors due within one year comprise obligations falling due within twelve months of the balance sheet date.

	2026 £	2025 £
Trade and other creditors due within one year	(488,098)	(366,854)

10. Creditors: Amounts Falling Due After More Than One Year

Creditors due after more than one year comprise obligations falling due more than twelve months after the balance sheet date.

	2026 £	2025 £
Trade and other creditors due after one year	(21,478)	0

11. Share capital

Allotted and called up:

	Number	2026 £	2025 £
Ordinary shares of £0.00001 each	9,678,603	97	68

12. Related party transactions

The company had no transactions with related parties during the year that were not concluded under normal market conditions.