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REGISTERED NUMBER: 05613417 (England and Wales)

| Financial Statements for the Year Ended 30 September 2024 |

| for |

| GLOSTER S-WORX LIMITED |

| GLOSTER S-WORX LIMITED (Registered number: 05613417) |

Contents of the Financial Statements

for the Year Ended 30 September 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| GLOSTER S-WORX LIMITED |

Company Information

for the Year Ended 30 September 2024

| DIRECTORS: | J Gray

| J Regan

| D Mullens

| G Thomas

| M Aldridge

| SECRETARIES: | J Regan

| B Murphy

| REGISTERED OFFICE: | 29 Great Guildford Street,

| London

| SE1 0ES

| REGISTERED NUMBER: | 05613417 (England and Wales)

| AUDITORS: | Inspire Compliance Limited

| Chartered Accountants

| Registered Auditors

| 6 Queens Court

| Third Avenue

| Team Valley

| Gateshead

| Tyne and Wear

| NE11 0BU

| GLOSTER S-WORX LIMITED (Registered number: 05613417) |

Balance Sheet

30 September 2024

| 30.9.24 | 30.9.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,298 |  | 3,537 |  |

CURRENT ASSETS

Debtors | 5 | 2,501,008 |  | 2,730,284 |  |

Cash at bank | 1,225,946 |  | 592,304 |  |

3,726,954 |  | 3,322,588 |  |

CREDITORS

Amounts falling due within one year | 6 | 2,843,454 |  | 1,899,447 |  |

NET CURRENT ASSETS | 883,500 |  | 1,423,141 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 884,798 |  | 1,426,678 |  |

CAPITAL AND RESERVES

Called up share capital | 891 |  | 1,000 |  |

Capital redemption reserve | 109 |  | - |  |

Retained earnings | 883,798 |  | 1,425,678 |  |

884,798 |  | 1,426,678 |  |

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 Board of Directors and authorised for issue on 16 June 2025 and were signed on its behalf by:

J Gray - Director

| GLOSTER S-WORX LIMITED (Registered number: 05613417) |

Notes to the Financial Statements

for the Year Ended 30 September 2024

1. | STATUTORY INFORMATION

| GLOSTER S-WORX 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.

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

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Turnover from a contract is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are met:

| 1) The amount of revenue can be measured reliably;

| 2) It is probably that the Company will receive the consideration due under the contract;

| 3) The stage of completion of the contract at the end of the reported period can be measured reliably;

| 4) The costs incurred and the costs to complete the contract can be measured reliably.

| Profit on long term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of work carried out at the year-end by recording turnover and related costs as contract activity advances. Provisions are made to ensure the level of profit recognised is in line with the final expectations of that contract. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to the total expected costs of that contract. Revenue derived from variations on contracts is recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen.

| 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 | - | 33% on cost

| 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.

| GLOSTER S-WORX LIMITED (Registered number: 05613417) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

2. | ACCOUNTING POLICIES - continued

| 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

| 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.

| Long term contracts

| Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed

| with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion

| of the work carried out at the year end, by recording turnover and related costs as contract activity

| progresses. Turnover is calculated as that proportion of total contract value which costs incurred to

| date bear to total expected costs for that contract. Revenues derived from variations on contracts are

| recognised only when they have been instructed by the customer. Full provision is made for losses

| on all contracts in the year in which they are first forseen.

| The balance due is shown as "Amounts recoverable on contracts", and included in debtors due within

| less than one year.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 7 (2023 - 8 ) .

| GLOSTER S-WORX LIMITED (Registered number: 05613417) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

£ |

| COST

| At 1 October 2023

| and 30 September 2024 | 6,784 |  |

| DEPRECIATION

| At 1 October 2023 | 3,247 |  |

| Charge for year | 2,239 |  |

| At 30 September 2024 | 5,486 |  |

| NET BOOK VALUE

| At 30 September 2024 | 1,298 |  |

| At 30 September 2023 | 3,537 |  |

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

| 30.9.24 |  | 30.9.23

£ | £ |

| Trade debtors | 1,031,895 |  | 964,452 |  |

| Amounts owed by participating interests | - |  | 301,540 |  |

| Amounts recoverable on contract | 1,389,970 |  | 852,667 |  |

| Other debtors | 19,973 |  | 556,840 |  |

| Prepayments and accrued income | 59,170 |  | 54,785 |  |

2,501,008 |  | 2,730,284 |  |

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

| 30.9.24 |  | 30.9.23

£ | £ |

| Payments on account | 792,604 |  | - |  |

| Trade creditors | 1,452,522 |  | 1,439,433 |  |

| Tax | 409,685 |  | 331,072 |  |

| Social security and other taxes | 23,729 |  | 71,457 |  |

| Other creditors | 93,422 |  | 43,835 |  |

| Accruals and deferred income | 71,492 |  | 13,650 |  |

2,843,454 |  | 1,899,447 |  |

| GLOSTER S-WORX LIMITED (Registered number: 05613417) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Richard Tait (Senior Statutory Auditor)

| for and on behalf of Inspire Compliance Limited

8. | RELATED PARTY DISCLOSURES

| At the end of the last financial year the directors owed the company £265,223, during this financial year all loans have been repaid to the company.