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REGISTERED NUMBER: SC032175 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

ENGEBRET LIMITED

ENGEBRET LIMITED (REGISTERED NUMBER: SC032175)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

ENGEBRET LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 28 FEBRUARY 2025

| DIRECTORS: | C A S Engebretsen

| Mrs M D N Engebretsen

| J D S Engebretsen

| REGISTERED OFFICE: | 37 Portland Road

| KILMARNOCK

| Ayrshire

| KA1 2DJ

| REGISTERED NUMBER: | SC032175 (Scotland)

| ACCOUNTANTS: | Gilmour Hamilton LLP

| Chartered Accountants

| 37 Portland Road

| KILMARNOCK

| Ayrshire

| KA1 2DJ

ENGEBRET LIMITED (REGISTERED NUMBER: SC032175)

BALANCE SHEET

28 FEBRUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,363,244 |  | 1,392,792 |  |

CURRENT ASSETS

Stocks | 342,551 |  | 368,054 |  |

Debtors | 5 | 186,713 |  | 173,009 |  |

Cash at bank and in hand | 579,941 |  | 412,053 |  |

1,109,205 |  | 953,116 |  |

CREDITORS

Amounts falling due within one year | 6 | 472,475 |  | 472,493 |  |

NET CURRENT ASSETS | 636,730 |  | 480,623 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,999,974 |  | 1,873,415 |  |

PROVISIONS FOR LIABILITIES | 132,954 |  | 133,161 |  |

NET ASSETS | 1,867,020 |  | 1,740,254 |  |

CAPITAL AND RESERVES

Called up share capital | 10,000 |  | 10,000 |  |

Revaluation reserve | 7 | 169,657 |  | 172,002 |  |

Retained earnings | 7 | 1,687,363 |  | 1,558,252 |  |

SHAREHOLDERS' FUNDS | 1,867,020 |  | 1,740,254 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ENGEBRET LIMITED (REGISTERED NUMBER: SC032175)

BALANCE SHEET - continued

28 FEBRUARY 2025

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 24 September 2025 and were signed on its behalf by:

J D S Engebretsen - Director

ENGEBRET LIMITED (REGISTERED NUMBER: SC032175)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1. | STATUTORY INFORMATION

| Engebret Limited 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

| Going concern

| At the time of approving the financial statements, the directors consider that the company has adequate resources to continue in operational existence for the foreseeable future. The accounts have therefore been prepared on a going concern basis.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

| Sale of goods

| Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Rendering of services

| When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date.

| Tangible fixed assets

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

| Land and buildings | - | 1% on cost

| Plant and machinery etc | - | 33.33% on cost, 25% on reducing balance, 20% on cost, 20% on reducing balance and Straight line over 10 years

| On transition to Section 1A of Financial Reporting Standard 102, the company elected to use the most recent valuation of freehold property as its deemed cost. The ongoing policy for depreciation remains unchanged.

| Where a corporation tax liability would arise if assets included at deemed cost were sold at their net book value, a deferred tax provision will be incorporated into the accounts.

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out basis. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

ENGEBRET LIMITED (REGISTERED NUMBER: SC032175)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

| 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.

| Employee benefits

| When employees have rendered service to the company, short term benefits (including holiday pay) to which employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

| Rent receivable

| Rent receivable is recognised on a straight line basis over the lease term.

| Financial instruments

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded ar transaction price. Any losses arising from impairment are recognised in the income statement in administrative expenses.

| Cash on the balance sheet comprises cash in hand and cash at bank

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 35 (2024 - 37 ) .

ENGEBRET LIMITED (REGISTERED NUMBER: SC032175)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 March 2024 | 1,175,347 |  | 1,332,278 |  | 2,507,625 |  |

| Additions | - |  | 233,109 |  | 233,109 |  |

| Disposals | - |  | (127,815 | ) | (127,815 | ) |

| At 28 February 2025 | 1,175,347 |  | 1,437,572 |  | 2,612,919 |  |

| DEPRECIATION

| At 1 March 2024 | 314,903 |  | 799,930 |  | 1,114,833 |  |

| Charge for year | 28,762 |  | 217,699 |  | 246,461 |  |

| Eliminated on disposal | - |  | (111,619 | ) | (111,619 | ) |

| At 28 February 2025 | 343,665 |  | 906,010 |  | 1,249,675 |  |

| NET BOOK VALUE

| At 28 February 2025 | 831,682 |  | 531,562 |  | 1,363,244 |  |

| At 29 February 2024 | 860,444 |  | 532,348 |  | 1,392,792 |  |

| Cost or valuation at 28 February 2025 is represented by:

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| Valuation in 1989 | 217,430 |  | - |  | 217,430 |  |

| Cost | 957,917 |  | 1,437,572 |  | 2,395,489 |  |

1,175,347 |  | 1,437,572 |  | 2,612,919 |  |

| If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 957,917 |  | 957,917 |  |

| Aggregate depreciation | 257,611 |  | 257,611 |  |

| Freehold land and buildings were valued on an open market basis basis on 20 August 1989 by Graham & Sibbald, Chartered Surveyors .

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

2025 | 2024 |

£ | £ |

| Trade debtors | 164,432 |  | 111,349 |  |

| Other debtors | 22,281 |  | 61,660 |  |

186,713 |  | 173,009 |  |

ENGEBRET LIMITED (REGISTERED NUMBER: SC032175)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

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

2025 | 2024 |

£ | £ |

| Trade creditors | 256,007 |  | 315,362 |  |

| Taxation and social security | 170,929 |  | 103,953 |  |

| Other creditors | 45,539 |  | 53,178 |  |

472,475 |  | 472,493 |  |

7. | RESERVES

| Retained |  | Revaluation |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 March 2024 | 1,558,252 |  | 172,002 |  | 1,730,254 |  |

| Profit for the year | 184,766 |  | 184,766 |  |

| Dividends | (58,000 | ) | (58,000 | ) |

| Realised revaluation gains | 2,345 |  | (2,345 | ) | - |  |

| At 28 February 2025 | 1,687,363 |  | 169,657 |  | 1,857,020 |  |