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REGISTERED NUMBER: SC290408 (Scotland)

| Agricultural Auto Engineering Ltd. |

| Unaudited Financial Statements |

| for the Year Ended 31 October 2024 |

| Agricultural Auto Engineering Ltd. (Registered number: SC290408) |

Contents of the Financial Statements

for the Year Ended 31 October 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Agricultural Auto Engineering Ltd. |

Company Information

for the Year Ended 31 October 2024

| DIRECTOR: | Mr G A Fitzelle

| SECRETARY: | Mrs A Fitzelle

| REGISTERED OFFICE: | 27 Clifford Road

| North Berwick

| EH39 4PW

| REGISTERED NUMBER: | SC290408 (Scotland)

| ACCOUNTANTS: | Whitelaw Wells

| 9 Ainslie Place

| Edinburgh

| Midlothian

| EH3 6AT

| BANKERS: | Bank of Scotland

| 23 Westgate

| North Berwick

| EH39 4AG

| Agricultural Auto Engineering Ltd. (Registered number: SC290408) |

Balance Sheet

31 October 2024

| 2024 | 2023 |

| Notes | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 211,950 |  | 220,015 |  |

211,950 |  | 220,015 |  |

CURRENT ASSETS

Stocks | 42,366 |  | 42,242 |  |

Debtors | 6 | 153,409 |  | 146,663 |  |

Cash at bank and in hand | 198,494 |  | 165,617 |  |

394,269 |  | 354,522 |  |

CREDITORS

Amounts falling due within one year | 7 | 74,620 |  | 71,689 |  |

NET CURRENT ASSETS | 319,649 |  | 282,833 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 531,599 |  | 502,848 |  |

PROVISIONS FOR LIABILITIES | 12,639 |  | 14,373 |  |

NET ASSETS | 518,960 |  | 488,475 |  |

| Agricultural Auto Engineering Ltd. (Registered number: SC290408) |

Balance Sheet - continued

31 October 2024

| 2024 | 2023 |

| Notes | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 518,958 |  | 488,473 |  |

SHAREHOLDERS' FUNDS | 518,960 |  | 488,475 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 May 2025 and were signed by:

Mr G A Fitzelle - Director

| Agricultural Auto Engineering Ltd. (Registered number: SC290408) |

Notes to the Financial Statements

for the Year Ended 31 October 2024

1. | STATUTORY INFORMATION

| Agricultural Auto Engineering Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover and revenue recognition

| Turnover represents net invoiced sales of automotive and agricultural engineering services and goods.

| Revenue is recognised as earned on completion of services and delivery of goods.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

| 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.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery etc | - | 25% on reducing balance, 25% on cost and 10% on cost

| In the opinion of the director, due to the location of the freehold property and the proposed maintenance programme, he does not consider that the value of the property will diminish. Therefore there is no depreciation charged on the cost of the heritable property. This policy is not in accordance with the requirements of the Companies Act 2006, but departure from the provisions of the Act is required in order to provide a true and fair view.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Agricultural Auto Engineering Ltd. (Registered number: SC290408) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2024

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

| All loans with related parties are all repayable on demand.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

| 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.

| Provisions

| Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2023 - 4 ) .

| Agricultural Auto Engineering Ltd. (Registered number: SC290408) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2024

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 November 2023

| and 31 October 2024 | 175,000 |  |

| AMORTISATION

| At 1 November 2023

| and 31 October 2024 | 175,000 |  |

| NET BOOK VALUE

| At 31 October 2024 | - |  |

| At 31 October 2023 | - |  |

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 November 2023 | 162,044 |  | 307,449 |  | 469,493 |  |

| Additions | - |  | 9,189 |  | 9,189 |  |

| At 31 October 2024 | 162,044 |  | 316,638 |  | 478,682 |  |

| DEPRECIATION

| At 1 November 2023 | - |  | 249,478 |  | 249,478 |  |

| Charge for year | - |  | 17,254 |  | 17,254 |  |

| At 31 October 2024 | - |  | 266,732 |  | 266,732 |  |

| NET BOOK VALUE

| At 31 October 2024 | 162,044 |  | 49,906 |  | 211,950 |  |

| At 31 October 2023 | 162,044 |  | 57,971 |  | 220,015 |  |

| Agricultural Auto Engineering Ltd. (Registered number: SC290408) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2024

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 46,785 |  | 55,782 |  |

| Other debtors | 106,624 |  | 90,881 |  |

153,409 |  | 146,663 |  |

| Other debtors includes the balance due from a related party of £38,721 (2023: £31,580). This balance is unsecured and has no fixed term for repayment. Interest has been charged at 2.25%.

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade creditors | 25,505 |  | 31,504 |  |

| Taxation and social security | 41,781 |  | 38,046 |  |

| Other creditors | 7,334 |  | 2,139 |  |

74,620 |  | 71,689 |  |

8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 | 2023 |

£ | £ |

| Mr G A Fitzelle

| Balance outstanding at start of year | 31,580 |  | 31,723 |  |

| Amounts advanced | 37,121 |  | 29,837 |  |

| Amounts repaid | (29,980 | ) | (29,980 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 38,721 |  | 31,580 |  |

| The balance on the director's current accounts is unsecured and repayable on demand. Interest has been charged at 2.25%.