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REGISTERED NUMBER: 04106328 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

FORTH ENGINEERING (CUMBRIA) LIMITED

FORTH ENGINEERING (CUMBRIA) LIMITED (REGISTERED NUMBER: 04106328) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| FORTH ENGINEERING (CUMBRIA) LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTORS: | Mr M Telford

| Mr G Cartwright

| REGISTERED OFFICE: | Risehow Hydraulics Centre

| Risehow

| Maryport

| Cumbria

| CA15 8PA

| REGISTERED NUMBER: | 04106328 (England and Wales)

| BANKERS: | NatWest

| Western Avenue

| Waterside Court

| Chatham

| Kent

| ME4 4RT

FORTH ENGINEERING (CUMBRIA) LIMITED (REGISTERED NUMBER: 04106328) |

ABRIDGED BALANCE SHEET

31 MAY 2025

| 31.5.25 | 31.5.24 |

| as restated |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 1,102,922 |  | 1,115,386 |  |

Investments | 6 | 111,088 |  | - |  |

1,214,010 |  | 1,115,386 |  |

CURRENT ASSETS

Stocks | 147,437 |  | 147,437 |  |

Debtors | 2,563,022 |  | 2,240,518 |  |

Cash at bank and in hand | 1,051,664 |  | 1,417 |  |

3,762,123 |  | 2,389,372 |  |

CREDITORS

Amounts falling due within one year | 1,091,218 |  | 1,180,122 |  |

NET CURRENT ASSETS | 2,670,905 |  | 1,209,250 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,884,915 |  | 2,324,636 |  |

CREDITORS

Amounts falling due after more than one year | 251,748 |  | 334,701 |  |

NET ASSETS | 3,633,167 |  | 1,989,935 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 3,360 |  | 3,360 |  |

Retained earnings | 3,629,807 |  | 1,986,575 |  |

SHAREHOLDERS' FUNDS | 3,633,167 |  | 1,989,935 |  |

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.

FORTH ENGINEERING (CUMBRIA) LIMITED (REGISTERED NUMBER: 04106328) |

ABRIDGED BALANCE SHEET - 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2026 and were signed on its behalf by:

Mr M Telford - Director

FORTH ENGINEERING (CUMBRIA) LIMITED (REGISTERED NUMBER: 04106328) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| Forth Engineering (Cumbria) 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. | 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 represents net invoiced sales of goods and services, excluding VAT.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten 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.

| Leasehold property | - | 2% on cost

| Improvements to property | - | 2% on cost

| Plant and machinery | - | 15% on reducing balance

| Fixtures and fittings | - | 20% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 33% on cost

| Stocks

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

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| 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.

| Grants

| Grants received in connection with the purchase of tangible fixed assets are credited to reserve and released to profit and loss account in accordance with the underlying depreciation policy.

| Rental income

| Rents received are calculated on the accruals basis and represent net rental income excluding VAT.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 39 (2024 - 34 ) .

FORTH ENGINEERING (CUMBRIA) LIMITED (REGISTERED NUMBER: 04106328) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

4. | INTANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 150,000 |  |

| AMORTISATION

| At 1 June 2024

| and 31 May 2025 | 150,000 |  |

| NET BOOK VALUE

| At 31 May 2025 | - |  |

| At 31 May 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 June 2024 | 2,031,357 |  |

| Additions | 172,106 |  |

| Disposals | (88,929 | ) |

| At 31 May 2025 | 2,114,534 |  |

| DEPRECIATION

| At 1 June 2024 | 915,971 |  |

| Charge for year | 103,873 |  |

| Eliminated on disposal | (8,232 | ) |

| At 31 May 2025 | 1,011,612 |  |

| NET BOOK VALUE

| At 31 May 2025 | 1,102,922 |  |

| At 31 May 2024 | 1,115,386 |  |

| The net book value of tangible fixed assets includes £247,555 (2024: £271,630) in respect of assets held under hire purchase agreements. The amount of depreciation in respect of such assets amounted to £54,000 (2024: £39,632) for the year

6. | FIXED ASSET INVESTMENTS

| Information on investments other than loans is as follows:

| Totals

£ |

| COST

| Additions | 111,088 |  |

| At 31 May 2025 | 111,088 |  |

| NET BOOK VALUE

| At 31 May 2025 | 111,088 |  |

FORTH ENGINEERING (CUMBRIA) LIMITED (REGISTERED NUMBER: 04106328) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

7. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.5.25 |  | 31.5.24

| as restated |

£ | £ |

| Bank overdraft | - |  | 45,556 |  |

| Hire purchase | 258,532 |  | 249,712 |  |

258,532 |  | 295,268 |  |

| White Oak hold a fixed and floating charge dated 3rd December 2024 covering all property and undertakings of the company. The balance of the factoring account owed to White Oak will be repaid on receipt of the trade debtors.

| National Westminster Bank Plc hold a fixed and floating charge dated 24th January 2020 covering all property and undertakings of the company.

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.5.25 |  | 31.5.24

| value: |  | as restated |

£ | £ |

| 1,360 | Ordinary | £1 | 1,360 |  | 1,360 |  |

| 1,000 | A ordinary | £1 | 1,000 |  | 1,000 |  |

| 500 | B ordinary | £1 | 500 |  | 500 |  |

| 500 | C ordinary | £1 | 500 |  | 500 |  |

3,360 |  | 3,360 |  |

9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

| 31.5.25 |  | 31.5.24

| as restated |

£ | £ |

| Mr M Telford

| Balance outstanding at start of year | 292,441 |  | 161,640 |  |

| Amounts advanced | 464,689 |  | 130,801 |  |

| Amounts repaid | (292,441 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 464,689 |  | 292,441 |  |

| During the financial year the director was charged £8,458 (2023: £1,615) interest on the loan which is unsecured and repayable on demand.

10. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mr and Mrs M Telford.