Directors Report 1

The directors present their Strategic Report for SEV Automotive and Plant Limited ("SEV" or the "Company") for the 18 month period ended 30 November 2017.
Review of business and future developments
SEV's prime focus is the provision of mobile vehicle maintenance and servicing to its customers. The Company was acquired by BT Fleet Limited, a member of the BT Group, on 3 February 2017. BT Fleet have integrated SEV's mobile capabilities to its existing network of 64 garage locations across the country. By adding mobile vehicle maintenance and servicing to BT Fleet's existing fixed offering, customers can now opt for the convenience of having their vehicles maintained and serviced on their own premises, or at one of BT Fleet's garages.
This acquisition will enable SEV to benefit from BT Fleet's existing customer base and offers significant growth opportunities for the Company. For customers, it will provide choice, consistency and resilience, and minimise the amount of time their vehicles are off the road, delivering cost efficiencies and competitive advantages.
Principal risks and uncertainties
The principal risks to which SEV is exposed are margin erosion due to market competition and technological advancements within the industry. These risks are managed by the directors of BT Group plc at a group level and by the leadership team at a business unit level.
Key performance indicators
The key performance indicators against which the directors manage the Company are engineer productivity and sales value. Performance against these KPIs is tracked and discussed regularly.

By order of the Board

Henry race Dire tor
2018-08-21 00:00:00
SEV Automotive and Plant Limited
Directors' report for the period ended 30 November 2017
The directors present their Report and the audited financial statements of SEV Automotive and Plant Limited for the 18 month period ended 30 November 2017.
Principal activities and future developments
The Company's principal activity is to provide mobile vehicle maintenance and servicing. Further details of future developments are given in the Strategic Report on page 1.
Employees
The Company is committed to involving employees in the business through a policy of communication and consultation. Arrangements have been established for the regular provision of information to all employees through briefings, staff conferences and well- established formal consultation procedures.
The Company is committed to its equal opportunities policies, which includes promoting training and career development for all employees. Full and fair consideration for all vacancies and opportunities will be given to men and women, people with disabilities and those from ethnic minorities, regardless of marital status, age, religion or sexual orientation. If members of staff become disabled the group continues employment wherever possible and arranges retraining. The policy is supported by a Code of Practice on harassment which recognises that all employees have the right to be treated with dignity and respect.
More details of these policies are set out in the BT plc's Annual Report and Financial Statements for the year ended 31 March 2018.
Results
During the year, the Company changed its accounting reference period from 31 May to 30 November. Therefore, results for the current period are for the 18 months ended 30 November 2017.
The profit before taxation was ?110,299 (2016: ?338,936 loss). The charge for taxation was ?1,190 (2016: ?nil) which left a retained profit for the financial year of ?109,109 (2016: ?338,936 loss).
Dividends
No dividends have been declared or paid in the current or prior year.

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SEV Automotive and Plant Limited Directors' report for the period ended 30 November 2017 (continued) Financial instruments
Other than trade debtors and creditors that arise directly from its operations and intercompany funding, the Company does not hold any financial instruments. The Company has not entered into any hedging arrangements or derivative financial instruments. The main purpose of these financial instruments is to finance the Company's operations. Their existence exposes the Company to a number of financial risks.
The main risks arising are interest rate risk and credit risk. The Directors review and agree policies for managing each of these risks that are summarised below. These policies are consistent with the prior year.
Credit risk
The Company's principal financial assets are cash and trade debtors. The principal credit risk arises therefore from trade debtors.
In order to manage credit risk the Directors set credit limits for customers based on a combination of payment history and third party credit references. Credit limits are reviewed on a risk basis in conjunction with debt ageing and collection history.
Interest rate risk
The Company finances its operations through a mixture of retained profits and intra group funding arrangements. The Company's exposure to interest rate fluctuations is managed by the use of fixed and floating facilities.
Company policy throughout the year has been to manage this risk through the day-to-day involvement of management in business decisions designed to minimise the Company's borrowings.
Directors
The directors of the Company who were in office during the year and up to the date of signing the financial statements, unless otherwise stated were:
GE Allison HJS Brace (appointed 3 February 2017) NA Hale (appointed 3 February 2017) CP Wides (appointed 3 February 2017)

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SEV Automotive and Plant Limited
Directors' report for the period ended 30 November 2017 (continued)
Directors' indemnities
As permitted by the Articles of Association, the Directors have the benefit of a Directors' and Officers' liability insurance, which is a qualifying third-party indemnity provision as defined by Section 234 of the Companies Act 2006. This indemnity, purchased by BT Group plc and applicable to the directors of SEV Automotive and Plant Limited, was in force throughout the last financial year and is currently in force. Neither the insurance nor the indemnity provides cover where the person has acted fraudulently or dishonestly.
Statement of the Directors' Responsibilities
The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulation.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have prepared the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS 101 "Reduced Disclosure Framework", 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 the financial statements, the directors are required to:
?select suitable accounting policies and then apply them consistently; ?state whether applicable United Kingdom Accounting Standards, comprising FRS 101, have been followed, subject to any material departures disclosed and explained in the financial statements; ?make judgements and accounting estimates that are reasonable and prudent; and ?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.
The directors 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.
In the case of each director in office at the date the Directors' Report is approved:
?so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and ?they have taken all the steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

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SEV Automotive and Plant Limited Directors' report for the period ended 30 November 2017 (continued) Disclosure of information to the auditors
So far as each of the directors is aware, there is no relevant information that has not been disclosed to the Company's auditors, and each of the directors believes that all steps have been taken that ought to have been taken to make them aware of any relevant audit information and to establish that the Company's auditors have been made aware of that information.
Independent auditors
BDO LLP have indicated their willingness to be reappointed for another term and appropriate arrangements are being made for them to be deemed reappointed as auditors in the absence of an Annual General Meeting.
The directors' report on pages 2 to 5 was approved by the Board of directors on 21 August 2018 and was signed by its order.

Henry Brace Director
2018-08-21 00:00:00

Registered Office
81 Newgate Street London EC1A 7AJ United Kingdom

5.0
SEV Automotive and Plant Limited
Independent Auditors' report to the Shareholders of SEV Automotive and Plant Limited
Qualified opinion on financial statements
We have audited the financial statements of SEV Automotive and Plant Limited ("the company") for the 18 month period ended 30 November 2017 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and the related 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 101 Reduced Disclosure Framework (United Kingdom Generally Accepted Accounting Practice).
In our opinion, except for the possible effects of matters described in the Basis for qualified opinion paragraph, the financial statements:
?give a true and fair view of the state of the company's affairs as at 30 November 2017 and of its profit for the period 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 qualified opinion on financial statements
The evidence available to us was limited because we did not observe the counting of physical stocks having a carrying amount of ?185,363 as at 31 May 2016, since that date was prior to our appointment as auditor of the company. Owing to the nature of the company's records, we were unable to obtain sufficient appropriate audit evidence regarding stock quantities at 31 May 2016 by using other audit procedures. Since any adjustment to this balance would have an effect on the profit for the period ended 30 November 2017 we are unable to determine whether any adjustments to profit for the year and retained earnings might be necessary.
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 Auditor's 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 qualified opinion.

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SEV Automotive and Plant Limited
Independent auditors' report to the Shareholders of SEV Automotive and Plant Limited (continued)
Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
?the directors use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or ?the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
Other matter
The comparative period figures for the year ended 31 May 2016 are unaudited.
Other information
The directors are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Auditor's Report 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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. As described in the Basis for qualified opinion section above, we were unable to obtain sufficient appropriate audit evidence regarding stock quantities at 31 May 2016 and consequently we are unable to determine whether adjustments to opening reserves might be necessary. Accordingly, we are unable to conclude whether or not the other information is materially misstated with respect to this matter. 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and ?we are unable to conclude whether or not the Directors' Report has been prepared in accordance with applicable legal requirements in respect of the matter set out in the Basis for qualified opinion section above.

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SEV Automotive and Plant Limited
Independent auditors' report to the Shareholders of SEV Automotive and Plant Limited (continued)
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 are unable to conclude whether or not the Director's report is materially misstated in respect of the matter set out in the Basis for qualified opinion section above.
In respect solely of the limitation on our work relating to stock, described above:
?we have not obtained all the information and explanations that we considered necessary for the purpose of our audit; and ?we were unable to determine whether adequate accounting records had been kept.
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;
?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 ?the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Directors' Report and from the requirement to prepare a Strategic report.
Responsibilities of directors
As explained more fully in the Directors' Responsibilities Statement on page 4, 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 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.

8.0
SEV Automotive and Plant Limited
Independent Auditors' report to the Shareholders of SEV Automotive and Plant Limited
Auditor's responsibilities for the audit of the fmancial 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 Auditor's 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 financial statements.
A further description of our responsibilities for the audit of the financial statements is located at the Financial Reporting Council's website at: https://www.frc.org.uIc/auditorsresponsibilities. This description forms part of our auditor's report.
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 Auditor's 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.

Paul Davies (Senior Statutory Auditor) For and on behalf of BDO LLP, Statutory Auditor Leeds United Kingdom
19, 19U8U4 201
BDO LLP is a limited liability partnership registered in England and Wales (with registered number 0C305127).

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SEV Automotive and Plant Limited
Statement of comprehensive income for the 18 month period ended 30 2017-11-01 00:00:00

18 month Year ended period ended 31 May 30 November 2016 2017.0 Note
Sheet1 All results derive entirely from continuing activities. The notes on pages 13 to 25 form an integral part of these financial statements.

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SEV Automotive and Plant Limited