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REGISTERED NUMBER: 00491289 (England and Wales)

| WILSON ELECTRIC (BATTERSEA) LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 JANUARY 2025 |

WILSON ELECTRIC (BATTERSEA) LIMITED (REGISTERED NUMBER: 00491289) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| WILSON ELECTRIC (BATTERSEA) LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JANUARY 2025

| DIRECTORS: | Mr G C Brooker

| Mrs J M Plumbridge

| Ms C Brooker

| Mr D Falzarano

| SECRETARY: | Mrs J M Plumbridge

| REGISTERED OFFICE: | 51 Willow Lane

| Willow Lane Trading Estate

| Mitcham

| Surrey

| CR4 4NA

| REGISTERED NUMBER: | 00491289 (England and Wales)

| ACCOUNTANTS: | Hakim Fry

| Chartered Accountants

| 69-71 East Street

| Epsom

| Surrey

| KT17 1BP

| BANKERS: | NatWest Bank plc

| PO Box 3203

| 66-68 St John's Road

| Clapham Junction

| London

| SW11 1PB

WILSON ELECTRIC (BATTERSEA) LIMITED (REGISTERED NUMBER: 00491289) |

BALANCE SHEET

31 JANUARY 2025

| 31.1.25 | 31.1.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 5 | 145,833 |  | 195,833 |  |

Tangible assets | 6 | 1,249,167 |  | 1,342,318 |  |

Investments | 7 | 200 |  | 200 |  |

1,395,200 |  | 1,538,351 |  |

CURRENT ASSETS

Stocks | 8 | 570,620 |  | 425,328 |  |

Debtors | 9 | 1,183,295 |  | 1,028,172 |  |

Cash at bank and in hand | 91,081 |  | 157,624 |  |

1,844,996 |  | 1,611,124 |  |

CREDITORS

Amounts falling due within one year | 10 | 1,154,089 |  | 1,115,305 |  |

NET CURRENT ASSETS | 690,907 |  | 495,819 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,086,107 |  | 2,034,170 |  |

CREDITORS

Amounts falling due after more than one year | 11 | (244,556 | ) | (311,381 | ) |

PROVISIONS FOR LIABILITIES | (310,705 | ) | (333,892 | ) |

NET ASSETS | 1,530,846 |  | 1,388,897 |  |

CAPITAL AND RESERVES

Called up share capital | 13 | 1,000 |  | 1,000 |  |

Retained earnings | 1,529,846 |  | 1,387,897 |  |

SHAREHOLDERS' FUNDS | 1,530,846 |  | 1,388,897 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

WILSON ELECTRIC (BATTERSEA) LIMITED (REGISTERED NUMBER: 00491289) |

BALANCE SHEET - continued

31 JANUARY 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 2 September 2025 and were signed on its behalf by:

Ms C Brooker - Director

WILSON ELECTRIC (BATTERSEA) LIMITED (REGISTERED NUMBER: 00491289) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1. | STATUTORY INFORMATION

| Wilson Electric (Battersea) 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.

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

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| 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.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

| Leasehold property | - | over lease term

| Improvements to property | - | 5% on reducing balance

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 10% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 33% on reducing balance

| Stocks

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

| 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.

WILSON ELECTRIC (BATTERSEA) LIMITED (REGISTERED NUMBER: 00491289) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

3. | 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

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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.

| Investments

| Investments are included at cost less amounts written off. Profits or losses arising from disposals of fixed asset investments are treated as part of the result from ordinary activities.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 29 (2024 - 31 ) .

5. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 February 2024

| and 31 January 2025 | 267,397 |  |

| AMORTISATION

| At 1 February 2024 | 71,564 |  |

| Charge for year | 50,000 |  |

| At 31 January 2025 | 121,564 |  |

| NET BOOK VALUE

| At 31 January 2025 | 145,833 |  |

| At 31 January 2024 | 195,833 |  |

WILSON ELECTRIC (BATTERSEA) LIMITED (REGISTERED NUMBER: 00491289) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

6. | TANGIBLE FIXED ASSETS

| Improvements |

| Leasehold |  | to |  | Plant and

| property |  | property |  | machinery

£ | £ | £ |

| COST

| At 1 February 2024 | 537,643 |  | 268,483 |  | 185,055 |  |

| Additions | - |  | - |  | 23,377 |  |

| Disposals | - |  | - |  | - |  |

| At 31 January 2025 | 537,643 |  | 268,483 |  | 208,432 |  |

| DEPRECIATION

| At 1 February 2024 | 83,399 |  | 104,260 |  | 127,262 |  |

| Charge for year | 8,272 |  | 8,211 |  | 17,752 |  |

| Eliminated on disposal | - |  | - |  | - |  |

| At 31 January 2025 | 91,671 |  | 112,471 |  | 145,014 |  |

| NET BOOK VALUE

| At 31 January 2025 | 445,972 |  | 156,012 |  | 63,418 |  |

| At 31 January 2024 | 454,244 |  | 164,223 |  | 57,793 |  |

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 February 2024 | 15,930 |  | 868,227 |  | 33,366 |  | 1,908,704 |  |

| Additions | - |  | 159,850 |  | 712 |  | 183,939 |  |

| Disposals | - |  | (122,840 | ) | - |  | (122,840 | ) |

| At 31 January 2025 | 15,930 |  | 905,237 |  | 34,078 |  | 1,969,803 |  |

| DEPRECIATION

| At 1 February 2024 | 9,296 |  | 221,467 |  | 20,702 |  | 566,386 |  |

| Charge for year | 663 |  | 170,170 |  | 4,328 |  | 209,396 |  |

| Eliminated on disposal | - |  | (55,146 | ) | - |  | (55,146 | ) |

| At 31 January 2025 | 9,959 |  | 336,491 |  | 25,030 |  | 720,636 |  |

| NET BOOK VALUE

| At 31 January 2025 | 5,971 |  | 568,746 |  | 9,048 |  | 1,249,167 |  |

| At 31 January 2024 | 6,634 |  | 646,760 |  | 12,664 |  | 1,342,318 |  |

| A legal charge is being held over the cost of the Leasehold Property. The property was purchased for £537,643 on 22 January 2014 and being written down over 65 years.

WILSON ELECTRIC (BATTERSEA) LIMITED (REGISTERED NUMBER: 00491289) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

6. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

| etc

£ |

| COST

| At 1 February 2024 | 619,544 |  |

| Additions | 64,850 |  |

| Disposals | (21,645 | ) |

| Transfer to ownership | (21,645 | ) |

| At 31 January 2025 | 641,104 |  |

| DEPRECIATION

| At 1 February 2024 | 132,016 |  |

| Charge for year | 124,048 |  |

| Eliminated on disposal | (9,914 | ) |

| At 31 January 2025 | 246,150 |  |

| NET BOOK VALUE

| At 31 January 2025 | 394,954 |  |

| At 31 January 2024 | 487,528 |  |

7. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 February 2024

| and 31 January 2025 | 200 |  |

| NET BOOK VALUE

| At 31 January 2025 | 200 |  |

| At 31 January 2024 | 200 |  |

| The fixed asset investment represents a holding of 20% of the ordinary share capital of Wilson Electric (Motor Sales) Limited.

8. | STOCKS

| 31.1.25 |  | 31.1.24

£ | £ |

| Stocks | 570,620 |  | 425,328 |  |

WILSON ELECTRIC (BATTERSEA) LIMITED (REGISTERED NUMBER: 00491289) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

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

| 31.1.25 |  | 31.1.24

£ | £ |

| Trade debtors | 1,026,812 |  | 901,599 |  |

| Other debtors | 156,483 |  | 126,573 |  |

1,183,295 |  | 1,028,172 |  |

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

| 31.1.25 |  | 31.1.24

£ | £ |

| Bank loans and overdrafts | 161,991 |  | 247,084 |  |

| Hire purchase contracts | 80,393 |  | 93,636 |  |

| Trade creditors | 190,387 |  | 227,576 |  |

| Taxation and social security | 185,494 |  | 125,455 |  |

| Other creditors | 535,824 |  | 421,554 |  |

1,154,089 |  | 1,115,305 |  |

11. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.1.25 |  | 31.1.24

£ | £ |

| Bank loans | 59,293 |  | 72,640 |  |

| Hire purchase contracts | 185,263 |  | 238,741 |  |

244,556 |  | 311,381 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 8,251 |  | 23,943 |  |

12. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.1.25 |  | 31.1.24

£ | £ |

| Bank overdrafts | 149,231 |  | 234,910 |  |

| Bank loans | 72,053 |  | 84,814 |  |

221,284 |  | 319,724 |  |

| National Westminster Bank PLC has fixed charge by way of legal mortgage over 51 Willow Lane, Mitcham, CR4 4NA, and all legal interest in 51 Willow Lane, Mitcham, CR4 4NA land registry no. SGL270966.

| Close Invoice Finance Ltd has fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

WILSON ELECTRIC (BATTERSEA) LIMITED (REGISTERED NUMBER: 00491289) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

13. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.1.25 |  | 31.1.24

| value: | £ | £ |

| 500 | Ordinary | £1 | 500 |  | 500 |  |

| 500 | A Ordinary | £1 | 500 |  | 500 |  |

1,000 |  | 1,000 |  |

14. | RELATED PARTY DISCLOSURES

| The company is controlled by the directors by virtue of their majority shareholdings.

| The directors also have a controlling interest in Wilson Electric (Motor Sales) Limited. The bank overdrafts of the two companies are cross guaranteed and secured by way of debenture against the assets of Wilson Electric (Battersea) Limited.

| Included in other debtors is an amount of £623 (2024: £27) owed from Wilson Electric (Motor Sales) Limited, where Mr G C Brooker and Mrs J M Plumbridge are directors and shareholders.

15. | ULTIMATE CONTROLLING PARTY

| The company is under the control of its shareholders by virtue of their shareholdings