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REGISTERED NUMBER: 04411902 (England and Wales)

WESTCUT ENGINEERING LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

WESTCUT ENGINEERING LIMITED (REGISTERED NUMBER: 04411902)

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 May 2025

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

WESTCUT ENGINEERING LIMITED

COMPANY INFORMATION

for the Year Ended 31 May 2025

| DIRECTORS: | R Scott

| Mrs L Scott

| Mrs P A Scott

| M Scott

| SECRETARY: | Mrs L Scott

| REGISTERED OFFICE: | 1 Abacus House

| Newlands Road

| Corsham

| Wiltshire

| SN13 0BH

| REGISTERED NUMBER: | 04411902 (England and Wales)

| ACCOUNTANT: | Clear Vision Accountancy Limited

| 1 Abacus House

| Newlands Road

| Corsham

| Wiltshire

| SN13 0BH

| BANKERS: | Barclays Bank Plc

| 3 St Johns Street

| Devizes

| Wiltshire

| SN10 1BQ

WESTCUT ENGINEERING LIMITED (REGISTERED NUMBER: 04411902)

STATEMENT OF FINANCIAL POSITION

31 May 2025

| 31/5/25 | 31/5/24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 167,325 |  | 185,204 |  |

CURRENT ASSETS

Stocks | 94,179 |  | 112,044 |  |

Debtors | 5 | 180,286 |  | 169,728 |  |

Cash at bank and in hand | 3,891 |  | 65,223 |  |

278,356 |  | 346,995 |  |

CREDITORS

Amounts falling due within one year | 6 | 281,660 |  | 305,158 |  |

NET CURRENT (LIABILITIES)/ASSETS | (3,304 | ) | 41,837 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 164,021 |  | 227,041 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (2,680 | ) | (21,022 | ) |

PROVISIONS FOR LIABILITIES | (31,792 | ) | (35,189 | ) |

NET ASSETS | 129,549 |  | 170,830 |  |

CAPITAL AND RESERVES

Called up share capital | 10,526 |  | 10,526 |  |

Share premium | 11,974 |  | 11,974 |  |

Revaluation reserve | 9 | 40,057 |  | 40,057 |  |

Retained earnings | 66,992 |  | 108,273 |  |

SHAREHOLDERS' FUNDS | 129,549 |  | 170,830 |  |

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

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

WESTCUT ENGINEERING LIMITED (REGISTERED NUMBER: 04411902)

STATEMENT OF FINANCIAL POSITION - continued

31 May 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 31 October 2025 and were signed on its behalf by:

Mrs L Scott - Director

R Scott - Director

WESTCUT ENGINEERING LIMITED (REGISTERED NUMBER: 04411902)

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 May 2025

1. | STATUTORY INFORMATION

| Westcut Engineering 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.

| 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.

| Plant and machinery etc | - | 33% on cost, 25% on reducing balance and 10% 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Going concern

| The directors have assessed whether the company is a going concern and have considered all available information about the future and are confident of the company's ability to continue as a going concern.

WESTCUT ENGINEERING LIMITED (REGISTERED NUMBER: 04411902)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 May 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 17 (2024 - 18 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| to |  | Plant and |  | and |  | Computer |

| property |  | machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 June 2024 | 5,695 |  | 814,195 |  | 8,654 |  | 93,332 |  | 921,876 |  |

| Additions | - |  | - |  | - |  | 817 |  | 817 |  |

| At 31 May 2025 | 5,695 |  | 814,195 |  | 8,654 |  | 94,149 |  | 922,693 |  |

| DEPRECIATION

| At 1 June 2024 | 5,695 |  | 629,088 |  | 8,563 |  | 93,326 |  | 736,672 |  |

| Charge for year | - |  | 18,510 |  | 23 |  | 163 |  | 18,696 |  |

| At 31 May 2025 | 5,695 |  | 647,598 |  | 8,586 |  | 93,489 |  | 755,368 |  |

| NET BOOK VALUE

| At 31 May 2025 | - |  | 166,597 |  | 68 |  | 660 |  | 167,325 |  |

| At 31 May 2024 | - |  | 185,107 |  | 91 |  | 6 |  | 185,204 |  |

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

| Plant and

| machinery

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 284,606 |  |

| DEPRECIATION

| At 1 June 2024 | 137,805 |  |

| Charge for year | 11,677 |  |

| Transfer to ownership | 30,029 |  |

| At 31 May 2025 | 179,511 |  |

| NET BOOK VALUE

| At 31 May 2025 | 105,095 |  |

| At 31 May 2024 | 146,801 |  |

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

| 31/5/25 |  | 31/5/24

£ | £ |

| Trade debtors | 150,996 |  | 142,247 |  |

| Other debtors | 29,290 |  | 27,481 |  |

180,286 |  | 169,728 |  |

WESTCUT ENGINEERING LIMITED (REGISTERED NUMBER: 04411902)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 May 2025

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

| 31/5/25 |  | 31/5/24

£ | £ |

| Bank loans and overdrafts | 10,000 |  | 10,658 |  |

| Hire purchase contracts (see note 8) | 8,184 |  | 7,368 |  |

| Trade creditors | 198,098 |  | 202,566 |  |

| Taxation and social security | 55,876 |  | 75,288 |  |

| Other creditors | 9,502 |  | 9,278 |  |

281,660 |  | 305,158 |  |

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

| 31/5/25 |  | 31/5/24

£ | £ |

| Bank loans | 834 |  | 10,176 |  |

| Hire purchase contracts (see note 8) | 1,846 |  | 10,846 |  |

2,680 |  | 21,022 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

| 31/5/25 |  | 31/5/24 |

£ | £ |

| Net obligations repayable:

| Within one year | 8,184 |  | 7,368 |  |

| Between one and five years | 1,846 |  | 10,846 |  |

10,030 |  | 18,214 |  |

| Non-cancellable |

| operating leases |

| 31/5/25 |  | 31/5/24

£ | £ |

| Within one year | 72,820 |  | 90,820 |  |

| Between one and five years | 83,235 |  | 156,055 |  |

| In more than five years | - |  | 12,720 |  |

156,055 |  | 259,595 |  |

9. | RESERVES

| Revaluation

| reserve

£ |

| At 1 June 2024

| and 31 May 2025 | 40,057 |  |

WESTCUT ENGINEERING LIMITED (REGISTERED NUMBER: 04411902)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 May 2025

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 May 2025 and 31 May 2024:

| 31/5/25 |  | 31/5/24

£ | £ |

| R Scott and Mrs P A Scott

| Balance outstanding at start of year | 12 |  | 11 |  |

| Amounts advanced | 20,416 |  | 34,998 |  |

| Amounts repaid | (20,420 | ) | (34,997 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 8 |  | 12 |  |

| Mrs L Scott

| Balance outstanding at start of year | 6 |  | 7 |  |

| Amounts advanced | 12,249 |  | 20,999 |  |

| Amounts repaid | (12,250 | ) | (21,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 5 |  | 6 |  |

| The above loans are unsecured and repayable on demand. Interest is only charged in accordance with HMRC beneficial loan arrangements.

11. | POST BALANCE SHEET EVENTS

| R Poulton has resigned as a director on 31st July 2025 and the company has initiated a buy back of their shares.