ACCOUNTS - Final Accounts

Operating profit

The operating profit is stated after charging:

Registered number: 01289333

JAYAR COMPONENTS LIMITED

CONSOLIDATED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

JAYAR COMPONENTS LIMITED

COMPANY INFORMATION

Directors	Mrs C J de Camborne Lucy
	Mrs J A Ratcliffe
	Mr N J Ratcliffe


Company secretary	Mrs C J de Camborne Lucy


Registered number	01289333


Registered office	Jayar House
	Motorway Industrial Estate
	Forstal Road
	Aylesford
	Kent
	ME20 7AF


Independent auditors	Haslers Assurance LLP
	Chartered Accountants & Statutory Auditor
	Old Station Road
	Loughton
	Essex
	IG10 4PL

JAYAR COMPONENTS LIMITED

CONTENTS

	Page
Group strategic report	1 - 2
Directors' report	3 - 5
Directors' responsibilities statement	6
Independent auditors' report	7 - 11
Consolidated statement of comprehensive income	12
Consolidated balance sheet	13
Company balance sheet	14
Consolidated statement of changes in equity	15
Company statement of changes in equity	16
Consolidated statement of cash flows	17
Consolidated analysis of net debt	18
Notes to the financial statements	19 - 41

JAYAR COMPONENTS LIMITED

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 JANUARY 2026

Introduction

The Directors are pleased to present their strategic report for the period ending 31 January 2026.

Business review

Jayar Components Limited is a family run business that distributes automotive components to the independent aftermarket from its branches throughout the South East of England.

For the year ended 31 January 2026, Jayar Components Limited achieved record turnover once again. Sales increased to £56.9 million, representing a 21.5% increase on the previous year. The opening of new branches and the acquisition of the remaining issued share capital of Independent Motor Factors Limited helped deliver this double-digit sales growth. The company remains focused on growth by improving existing branches and opening new sites.

As Jayar Components Limited celebrates its 50th anniversary of trading this year it delivered a solid trading performance in 2026, consolidating its position as a reliable supplier to garages within the car part sector. The company continued to benefit from steady demand across its core product lines, supported by disciplined cost management and ongoing investment in operational efficiency. Revenue growth for the year reflected 21.5%, driven by branch expansion and increased stock ranges. Margins remained resilient despite continued pressure from input costs and supply chain volatility, a testament to management's proactive procurement and pricing strategies. The business also made notable progress on digital transformation, capacity expansion and stock profiling, positioning it well for continued growth into 2027. Overall, Jayar Components Limited's 2026 performance underscores the strength of its customer relationships, operational discipline, and adaptability in a challenging economic environment.

Principal risks and uncertainties

The continuing conflict involving Iran and the wider Middle East remains an area of uncertainty for the business. Any disruption to oil production or key shipping routes can lead to higher oil and fuel prices, which may increase costs across a number of areas.

This could affect the cost of running our delivery fleet, as well as increasing manufacturing, freight and shipping costs. As many of our products are sourced from overseas, including China and Turkey, changes in fuel prices and international shipping costs may also have an impact on product costs and delivery times.

The move towards electric and hybrid vehicles also continues, with more of these vehicles being sold each year. However, petrol and diesel vehicles still make up the vast majority of vehicles currently on UK roads and will continue to do so for many years.

Over time, the growing number of electric and hybrid vehicles may change the type of products required within the automotive aftermarket. We will continue to monitor these changes and adapt our product range and stock levels as customer demand develops.

As with previous years, the business will continue to monitor changes in the market, manage stock carefully and respond to any significant changes in costs, supply or customer demand.

Page 1

JAYAR COMPONENTS LIMITED

GROUP STRATEGIC REPORT (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2026

Financial key performance indicators

During the year ended 31.01.26, Jayar Components Limited reported turnover of £56,920,279 representing a 21.5% increase on the prior year. Gross profit margin increased by 2% reflecting the results of focused stock profiling. Profit before tax has decreased on the prior year by 11.9% owing to the company’s branch expansion plans and associated set up costs. Net assets on the balance sheet were £33.7m and the cash position remains strong at £9.4m supporting continued investment in operations. The Directors consider these results to be strong given the expansion of branches this year.

Other key performance indicators

Alongside core financial analysis, close monitoring of stock holding, inventory movement, and purchasing trends remains vital to evaluating our business performance. We benefit from strong, collaborative relationships with our suppliers, who are highly focused on supporting our operations. As a family-owned business, we also enjoy the agility to make swift, well-informed decisions—an essential advantage in today’s rapidly changing environment.

Directors' statement of compliance with duty to promote the success of the Group

The Directors are aware of their duty under s.172 of the Companies Act 2006 to act in a way that, in good faith, would be most likely to promote the success of the Group for the benefit of its shareholders.

This report was approved by the board on 28 October 2026 and signed on its behalf.

Mrs C J de Camborne Lucy

Director

Page 2

JAYAR COMPONENTS LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 JANUARY 2026

The directors present their report and the financial statements for the year ended 31 January 2026.

Results and dividends

The profit for the year, after taxation, amounted to £5,452,053 (2025 - £6,034,367).

Dividends totalling £Nil were paid during the year ended 31 January 2026 (2025 - £Nil).

Directors

The directors who served during the year were:

Mrs C J de Camborne Lucy

Mrs J A Ratcliffe

Mr N J Ratcliffe

Engagement with employees

The Directors’ aim to be a responsible employer making the health, welfare, pay and safety of all the staff a key consideration in the conduct of the business. Our staffs’ contribution is fundamental to the continued success of the business and therefore they are integral to it. The company engages with all employees from the commencement of employment. New employees receive induction training and will work in a small team to aid the communication of ideas amongst the individuals and the company. There is a company culture that encourages a working environment where employees can realise their potential. Throughout their employment, there are ongoing informal meetings and communications to promote the development of individuals and the business to both be successful.

Disabled employees

The Company provides job opportunities to disabled and able-bodied people on the merit of their aptitude for a job role. Should an existing employee become disabled, then every effort will be made to adapt the role, support and provide retraining, so as they may continue their employment with the Company.

Page 3

JAYAR COMPONENTS LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2026

Greenhouse gas emissions, energy consumption and energy efficiency action

This is the third year that we have been required to report greenhouse gas emissions and our report covers the 12 month period 1st February 2025 to 31st January 2026.
   Granville Associates Limited, a member of the group, does not use any energy. It is therefore a zero- carbon business and as an entity falls below the reporting threshold of 40,000kWh.
   The consumption figures have been obtained from Green Energy PLC, who supply all electricity and gas to all our branches. Therefore, it follows that our calculations are based on what we have directly used and paid for.

The following table gives our gross emissions and intensity ratios:

   Energy Consumption KWH CO2 Emissions (tons of CO2) TCO2e Per £1m Turnover
Scope 1 1,197,566 282.72 5.24
Scope 2 1,132,713 0 0
Total 2,330,279 282.72 5.24

Methodology and reporting

Scope 1 is the fuel consumption figures used to power our vehicles. The figures for fuel consumption have been calculated from our supplier invoices and reports. We have taken the number of miles shown in our tracker system of 4,666,231 miles and deducted the estimated mileage to and from work of those staff using company vans equating to 834,019 miles leaving a total for company usage of 3,832,212. The mileage was converted into 282,721 kilogrammes of carbon emissions and 1,197,566 KWH using online converters then converted to tons of CO2.

In respect of scope 2, the emissions from our use of electricity and gas at our branches and head office are directly influenced and controlled by the Group.

Figures provided in MWH have been converted to KWH using the EPA Green House Gas Equivalent Calculator Web Site. The total energy consumption in KWH figure, includes electricity and gas. The CO2 emissions given relates to the use of green gas only. Our electricity is 100% renewable and zero emissions rated.

Energy efficiency action

All our energy usage to reduce our energy consumption, led us to change our supplier for gas, so all our gas used is certified as 100% green backed by RGGO’S (Renewable Gas Guarantee of Origin), and so too is our electricity backed by REGO’s (Renewable Electricity Guarantee of Origin). Making us as energy efficient as we could be. No measures of the change were taken at the time.

For the reporting period we took older vehicles out of service and these were replaced by new more efficient vehicles. We are regularly reviewing the use of electric vehicles for their range and charging times to evaluate whether they can replace our existing fleet, whilst meeting business needs to deliver parts to our customers. As a result of this ongoing review we purchased a total of 14 electric vehicles. All our vehicles are tracked and we are therefore able to monitor use and encourage better driving techniques and improved fuel efficiency.

As part of our building maintenance, we are continuing to replace older fluorescent fittings with the more efficient LED units. We are also looking at the potential to install solar panels on some of our buildings.

We are committed to improving our energy efficiency and our ongoing aim is for the Co2 emissions to be

Page 4

JAYAR COMPONENTS LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2026

reduced. A key area for change is the powering of our vans. By the end of 2030 our goal is to have a 75% renewable fleet and for our energy consumption to fall by 75%.

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company and the Group's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company and the Group's auditors are aware of that information.

Auditors

The auditors, Haslers Assurance LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board on 28 October 2026 and signed on its behalf.

Mrs C J de Camborne Lucy

Director

Page 5

JAYAR COMPONENTS LIMITED

DIRECTORS' RESPONSIBILITIES STATEMENT

FOR THE YEAR ENDED 31 JANUARY 2026

The directors are responsible for preparing the Group strategic report, the Directors' report and the consolidated 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 the Group and of the profit or loss of the Group for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the Group's financial statements and then apply them consistently;

∙make judgements and accounting estimates that are reasonable and prudent;

∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group 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 the Group and to 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 the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 6

JAYAR COMPONENTS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF JAYAR COMPONENTS LIMITED

Opinion

We have audited the financial statements of Jayar Components Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 31 January 2026, which comprise the Consolidated statement of comprehensive income, the Consolidated analysis of net debt, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, 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 Group's and of the Parent Company's affairs as at 31 January 2026 and of the Group's 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 Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 Group's or the Parent 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.

Page 7

JAYAR COMPONENTS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF JAYAR COMPONENTS LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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.

Opinion 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 Group strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Group strategic report and the Directors' report 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 Group and the Parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group strategic report or the Directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept by the Parent Company, or returns adequate for our audit have not been received from branches not visited by us; or

∙the Parent Company 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.

Page 8

JAYAR COMPONENTS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF JAYAR COMPONENTS LIMITED (CONTINUED)

Responsibilities of directors

As explained more fully in the Directors' responsibilities statement set out on page 6, 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 is 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 Group's and the Parent 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 Group or the Parent Company or to cease operations, or have no realistic alternative but to do so.

Page 9

JAYAR COMPONENTS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF JAYAR COMPONENTS LIMITED (CONTINUED)

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 an Auditors' report 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 Group 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 entity and
determined that the most significant are those that:

- Had a direct effect on the determination of material amounts and disclosures in the financial statements.
These include the UK Companies Act and tax legislation etc; and

- Do not have a direct effect on the financial statements but compliance with which may be fundamental to
the company's ability to operate.

We assessed the susceptibility of the company's financial statements to material misstatement, including how
fraud might occur. Audit procedures performed by the audit engagement team include:

- Identifying and testing journal entries, in particular any unusual journal entries posted around the year
end and journal entries with no descriptions;

- Assessing the extent of compliance with the relevant laws and regulations;

- Identifying and assessing the design effectiveness of controls management has in place to prevent and
detect fraud;

- Challenging assumptions and judgements made by management in significant accounting estimates;
and;

- Carrying out a review of large and unusual bank transactions

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. This 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 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 Auditors' report.

Page 10

JAYAR COMPONENTS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF JAYAR COMPONENTS LIMITED (CONTINUED)

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 an Auditors' report 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.

Thomas Rogers Bsc(Hons) ACA (Senior statutory auditor)

for and on behalf of

Haslers Assurance LLP

Chartered Accountants

Statutory Auditor

Old Station Road

Loughton

Essex

IG10 4PL

29 October 2026

Page 11

JAYAR COMPONENTS LIMITED

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 JANUARY 2026

	2026	2025
Note	£	£


Turnover	4	56,920,279	46,841,850
Cost of sales		(23,519,046)	(20,314,983)
Gross profit		33,401,233	26,526,867
Administrative expenses		(26,724,456)	(19,174,651)
Other operating income	5	-	7,200
Operating profit	6	6,676,777	7,359,416
Income from participating interests		100,000	200,000
Amounts written off investments		-	(100)
Interest receivable and similar income	10	480,869	399,089
Interest payable and similar expenses	11	(145,972)	-
Profit before taxation		7,111,674	7,958,405
Tax on profit	12	(1,659,621)	(1,924,038)
Profit for the financial year		5,452,053	6,034,367

Profit for the year attributable to:
Owners of the Parent Company	5,452,053	6,034,367
	5,452,053	6,034,367

There were no recognised gains and losses for 2026 or 2025 other than those included in the consolidated statement of comprehensive income.

There was no other comprehensive income for 2026 (2025:£NIL).

The notes on pages 19 to 41 form part of these financial statements.

Page 12

JAYAR COMPONENTS LIMITED

REGISTERED NUMBER: 01289333

CONSOLIDATED BALANCE SHEET

AS AT 31 JANUARY 2026

		2026		2025
Note		£		£

Fixed assets
Intangible assets	13		10,101,741		-
Tangible assets	14		7,747,159		6,688,846
Investments	15		-		1,507,500
Investment property	16		1,054,562		1,054,562
			18,903,462		9,250,908
Current assets
Stocks	17	11,696,669		9,350,607
Debtors: amounts falling due within one year	18	14,382,564		11,438,104
Cash at bank and in hand	19	9,411,875		7,918,835
		35,491,108		28,707,546
Creditors: amounts falling due within one year	20	(20,143,960)		(9,146,452)
Net current assets			15,347,148		19,561,094
Total assets less current liabilities			34,250,610		28,812,002
Provisions for liabilities
Deferred taxation	22	(470,204)		(483,649)
			(470,204)		(483,649)
Net assets			33,780,406		28,328,353

Capital and reserves
Called up share capital	23	400	400
Profit and loss account	24	33,780,006	28,327,953
Equity attributable to owners of the Parent Company		33,780,406	28,328,353
		33,780,406	28,328,353

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 October 2026.

Mrs C J de Camborne Lucy

Director

The notes on pages 19 to 41 form part of these financial statements.

Page 13

JAYAR COMPONENTS LIMITED

REGISTERED NUMBER: 01289333

COMPANY BALANCE SHEET

AS AT 31 JANUARY 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	14		7,201,455		6,688,848
Investments	15		15,075,100		1,507,600
			22,276,555		8,196,448
Current assets
Stocks	17	8,375,363		9,350,606
Debtors: amounts falling due within one year	18	12,654,788		12,497,852
Cash at bank and in hand	19	6,781,801		7,882,604
		27,811,952		29,731,062
Creditors: amounts falling due within one year	20	(15,912,087)		(9,142,983)
Net current assets			11,899,865		20,588,079
Total assets less current liabilities			34,176,420		28,784,527

Provisions for liabilities
Deferred taxation	22	(478,539)		(483,649)
			(478,539)		(483,649)
Net assets			33,697,881		28,300,878

Capital and reserves
Called up share capital	23		400		400
Profit and loss account brought forward		28,300,478		22,267,681
Profit for the year		5,397,003		6,032,797
Profit and loss account carried forward			33,697,481		28,300,478
			33,697,881		28,300,878

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 October 2026.

Mrs C J de Camborne Lucy

Director

The notes on pages 19 to 41 form part of these financial statements.

Page 14

JAYAR COMPONENTS LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JANUARY 2026

	Called up share capital	Profit and loss account	Equity attributable to owners of Parent Company	Total equity
	£	£	£	£
At 1 February 2025	400	28,327,953	28,328,353	28,328,353
Comprehensive income for the year
Profit for the year	-	5,452,053	5,452,053	5,452,053
Total comprehensive income for the year	-	5,452,053	5,452,053	5,452,053
At 31 January 2026	400	33,780,006	33,780,406	33,780,406

The notes on pages 19 to 41 form part of these financial statements.

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JANUARY 2025

	Called up share capital	Profit and loss account	Equity attributable to owners of Parent Company	Total equity
	£	£	£	£
At 1 February 2024	400	22,293,586	22,293,986	22,293,986
Comprehensive income for the year
Profit for the year	-	6,034,367	6,034,367	6,034,367
Total comprehensive income for the year	-	6,034,367	6,034,367	6,034,367
At 31 January 2025	400	28,327,953	28,328,353	28,328,353

The notes on pages 19 to 41 form part of these financial statements.

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JAYAR COMPONENTS LIMITED

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JANUARY 2026

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 February 2025	400	28,300,478	28,300,878
Comprehensive income for the year
Profit for the year	-	5,397,003	5,397,003
Total comprehensive income for the year	-	5,397,003	5,397,003
At 31 January 2026	400	33,697,481	33,697,881

The notes on pages 19 to 41 form part of these financial statements.

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JANUARY 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 February 2024	400	22,267,681	22,268,081
Comprehensive income for the year
Profit for the year	-	6,032,797	6,032,797
Total comprehensive income for the year	-	6,032,797	6,032,797
At 31 January 2025	400	28,300,478	28,300,878

The notes on pages 19 to 41 form part of these financial statements.

Page 16

JAYAR COMPONENTS LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 JANUARY 2026

			2026	2025
			£	£

Cash flows from operating activities
Profit for the financial year	5,452,053	6,034,367
Adjustments for:
Amortisation of intangible assets	198,073	-
Depreciation of tangible assets	804,776	572,775
Loss on disposal of tangible assets	34,687	(2,300)
Interest received	(482,254)	(399,089)
Taxation charge	1,659,621	1,924,038
Decrease/(increase) in stocks	1,047,317	(1,686,503)
Decrease/(increase) in debtors	641,588	(467,524)
(Decrease) in creditors	(1,481,514)	(6,200,372)
Corporation tax (paid)	(1,895,156)	(2,663,866)
Net cash generated from operating activities	5,979,191	(2,888,474)

Cash flows from investing activities
Purchase of tangible fixed assets	(1,354,202)	(1,076,700)
Sale of tangible fixed assets	11,947	108,731
Acquisition of subsidiary	(3,727,039)	-
Interest received	482,254	399,089
Income from investments in related companies	100,000	200,000
Net cash from investing activities	(4,487,040)	(368,880)

Net increase/(decrease) in cash and cash equivalents	1,492,151	(3,257,354)
Cash and cash equivalents at beginning of year	7,918,833	11,176,187
Cash and cash equivalents at the end of year	9,410,984	7,918,833

Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand	9,411,875	7,918,833
Bank overdrafts	(891)	-
	9,410,984	7,918,833

Page 17

JAYAR COMPONENTS LIMITED

CONSOLIDATED ANALYSIS OF NET DEBT

FOR THE YEAR ENDED 31 JANUARY 2026


At 1 February 2025	Cash flows	Acquisition and disposal of subsidiaries	At 31 January 2026
£	£	£	£

Cash at bank and in hand	7,918,833	(1,099,716)	2,592,758	9,411,875
Bank overdrafts	-	(891)	-	(891)
Debt due within 1 year	-	-	(6,000,000)	(6,000,000)
	7,918,833	(1,100,607)	(3,407,242)	3,410,984

The notes on pages 19 to 41 form part of these financial statements.

Page 18

JAYAR COMPONENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

1.	General information

Jayar Components Limited is a private company, limited by shares and incorporated in England & Wales, United Kingdom, with a registration number 01289333. The address of the registered office is Jayar House, Forstal Road, Aylesford, Maidstone, Kent, ME20 7AF.

The nature of the group's operations and principal activities are that of the sale of motor component factors.

2.Accounting policies

2.1

Basis of preparation of financial statements

The consolidated financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of consolidated financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgement in applying the Group's accounting policies (see note 3).

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements.

The following principal accounting policies have been applied:

2.2

Basis of consolidation

The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.

The subsidiary undertaking Granville Associates Ltd has claimed the exemption from audit under section 479A of the Companies Act 2006.

2.3

Going concern

The directors have assessed that there are no significant doubts in the company's ability to continue as a going concern. As a result, the financial statements have been prepared on a going concern basis.

Page 19

JAYAR COMPONENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Consolidated statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

On consolidation, the results of overseas operations are translated into Sterling at rates approximating to those ruling when the transactions took place. All assets and liabilities of overseas operations are translated at the rate ruling at the reporting date. Exchange differences arising on translating the opening net assets at the opening rate and the results of overseas operations at actual rates are recognised in other comprehensive income.

Page 20

JAYAR COMPONENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.5

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Group has transferred the significant risks and rewards of ownership to the buyer;

∙the Group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Group will receive the consideration due under the transaction; and

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

2.6

Operating leases: the Group as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.8

Finance costs

Finance costs are charged to profit or loss 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.

2.9

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 21

JAYAR COMPONENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.10

Pensions

Defined contribution pension plan

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

The contributions are recognised as an expense in profit or loss 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 Group in independently administered funds.

2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or 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 and the Group operate and generate 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;

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

∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

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 differences 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.

Page 22

JAYAR COMPONENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.12

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of the Group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Consolidated statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

Goodwill

years

2.13

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 methods as per the table below.

Depreciation is provided on the following basis:

Freehold property	-	straight line over 50 years (land is not depreciated)
Long-term leasehold property	-	over the term of the lease
Plant and machinery	-	15 - 25% reducing balance
Motor vehicles	-	25% reducing balance
Office equipment	-	15% straight line

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.

Page 23

JAYAR COMPONENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.14

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.15

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.16

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase updated to the latest purchase cost.

Stock is adjusted for rebates and discounts at each balance sheet date.

2.17

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.18

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 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.

In the Consolidated statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.

2.19

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.20

Financial instruments

The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit or loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is

Page 24

JAYAR COMPONENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.20

Financial instruments (continued)

measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

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 loss 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 profit or loss.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Group after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

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

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially

Page 25

JAYAR COMPONENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.20

Financial instruments (continued)

recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

The Group classifies financial liabilities from its supplier finance arrangements as trade creditors as the arrangements have not substantively changed the payment dates and other contractual terms compared to the underlying trade creditors. The related cash flows are included in operating activities in the consolidated cash flow statement

Derecognised assets/liabilities

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flows expire, or are settled, or when the Group transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Group will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Group's contractual obligations expire or are discharged or cancelled.

Offsetting

Financial assets and liabilities are offset and the net amount presented in the statement of financial position only when the Group has a legally enforceable right to set off the amounts and intends either to settle on a net basis or to realise the asset and settle the liability simultaneously.

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decision is made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

The directors do not believe that there have been any judgements (apart from those involving estimates) made in the process of applying the above accounting policies that have had a significant effect on amounts recognised in the financial statements.

Page 26

JAYAR COMPONENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Turnover

An analysis of turnover by class of business is as follows:
	2026	2025
	£	£

Sales	56,920,279	46,841,850
	56,920,279	46,841,850

All turnover arose within the United Kingdom.

5.	Other operating income
		2026	2025
		£	£

Net rents receivable	-	7,200
	-	7,200

	Exchange differences	-	(2,859)
	Other operating lease rentals	1,157,395	781,636

Fees payable to the Company's auditors and their associates for the audit of the consolidated and Parent Company's financial statements	32,350	31,150
Fees payable to the Company's auditors and their associates in respect of:
Taxation compliance services	3,800	3,600

Page 27

JAYAR COMPONENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

8.	Employees
	Staff costs, including directors' remuneration, were as follows:

Group	Group	Company	Company
2026	2025	2026	2025
£	£	£	£


Wages and salaries	16,695,284	12,465,870	15,992,606	12,465,870
Social security costs	2,006,038	1,109,645	1,925,072	1,109,645
Cost of defined contribution scheme	468,866	155,560	440,706	155,560
	19,170,188	13,731,075	18,358,384	13,731,075

The average monthly number of employees, including the directors, during the year was as follows:

	Group	Group	Company	Company
	2026	2025	2026	2025
	No.	No.	No.	No.

Office and management	29	59	29	59
Sales and distribution	456	420	456	420
Directors	3	3	3	3

	488	482	488	482

9.	Directors' remuneration
		2026	2025
		£	£

Directors' emoluments	3,013,251	1,093,251
	3,013,251	1,093,251

	During the year retirement benefits were accruing to no directors (2025 - NIL) in respect of defined contribution pension schemes.
	The highest paid director received remuneration of £1,545,000 (2025 - £585,000).

Page 28

JAYAR COMPONENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

10.	Interest receivable
		2026	2025
		£	£

	Other interest receivable	480,869	399,089
		480,869	399,089

11.	Interest payable and similar expenses
		2026	2025
		£	£

	Other loan interest payable	145,972	-
		145,972	-

Corporation tax
Current tax on profits for the year	1,665,693	1,823,191
	1,665,693	1,823,191

Total current tax	1,665,693	1,823,191

Deferred tax
Origination and reversal of timing differences	(6,072)	100,847
Total deferred tax	(6,072)	100,847


	Tax on profit	1,659,621	1,924,038

Page 29

JAYAR COMPONENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

12.Taxation (continued)

Profit on ordinary activities before tax

7,111,674

7,958,405

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2025 - 25%)	1,777,400	1,926,239
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	-	25
Capital allowances for year in excess of depreciation	-	13,740
Dividends from UK companies	(25,000)	(50,000)
Other differences leading to an increase (decrease) in the tax charge	(92,779)	34,034
Total tax charge for the year	1,659,621	1,924,038

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 30

JAYAR COMPONENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

13.	Intangible assets
	Group and Company

		Goodwill
		£

	On acquisition of subsidiaries	10,299,814
	At 31 January 2026	10,299,814

	On acquisition of subsidiaries	198,073
	At 31 January 2026	198,073
	Net book value
	At 31 January 2026	10,101,741
	At 31 January 2025	-

The individual intangible assets which are material to the financial statements are the goodwill arising as a result of the acquisition of Independent Motor Factors Limited.

Page 31