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REGISTERED NUMBER: 12060737 (England and Wales)

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

EUROPA ENGINEERING HOLDINGS LTD

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page |

Company Information | 1 |

Group Strategic Report | 2 |

Report of the Directors | 4 |

Report of the Independent Auditor | 6 |

Consolidated Statement of Comprehensive Income | 10 |

Consolidated Balance Sheet | 11 |

Company Balance Sheet | 13 |

Consolidated Statement of Changes in Equity | 14 |

Company Statement of Changes in Equity | 15 |

Consolidated Cash Flow Statement | 16 |

Notes to the Consolidated Cash Flow Statement | 17 |

Notes to the Consolidated Financial Statements | 19 |

EUROPA ENGINEERING HOLDINGS LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| DIRECTORS: | Mr J P Cheetham

| Miss E V Cheetham

| Miss J V J Earnshaw

| SECRETARY: | Mr J P Cheetham

| REGISTERED OFFICE: | 326-328 Coleford Road

| Sheffield

| South Yorkshire

| S9 5PH

| REGISTERED NUMBER: | 12060737 (England and Wales)

| AUDITOR: | Xeinadin Audit Limited

| 8th Floor, Beckett House

| 36 Old Jewry

| London

| EC2R 8DD

| BANKERS: | Barclays Bank Plc

| 2 Arena Court

| Sheffield

| South Yorkshire

| S9 2LF

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

The directors present their strategic report of the company and the group for the year ended 30 September 2025.

REVIEW OF BUSINESS

The principal activities of the group have been set out in the report of the directors.

Profit for the year ended 30th September 2025, after taxation, was £1,144,304 (2024: £637,438)

Dividends for the year were £329,000 (2024: £408,000)

Shareholder funds at 30th September 2025 were £7,760,294 (2024: £6,944,990)

The group has shown a strong performance for the year ended 30 September 2025, with increased turnover, consistent profits and margins thanks to increased activity.

Outlook is positive with an encouraging healthy order book and good enquiry levels.

PRINCIPAL RISKS AND UNCERTAINTIES

The ability to identify and manage risks and uncertainties is a key element in ensuring the continued success of the group. The directors conclude that the group as a whole, is not exposed to any particular risks or uncertainties. The group is essentially self supporting in terms of cash and liquid assets and the directors continue to monitor the risks and uncertainties, match the cash and liquid resources to the challenges they present and adapt their plans and forecasts accordingly. The group maintains what is considered to be enough cash and liquid resources to carry the group through what will be a challenging post pandemic period.

It is acknowledged that the group is indirectly exposed to the trading risks and uncertainties of the group's trading company Europa Engineering Limited. These risks and uncertainties would align with those typical to many other business sectors. Inflationary pressures on materials, energy prices and wages are particularly challenging at present. Supply chain issues, staff recruitment and retention and general market confidences are also presenting their own challenges. These issues continue to be monitored closely and again, plans and forecasts adapted to overcome the challenges.

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

KEY PERFORMANCE INDICATORS

The group is pleased to report another year of strong results. Our key performance indicators for the year ended 30th September 2025

| 2025 |  | 2024 |  |

Gross profit |  | £3,921,043 |  | £2,999,140 |  |

Gross profit percentage |  | 36.61% |  | 35.33% |  |

Operating profit |  | £1,250,837 |  | £659,654 |  |

Operating profit percentage |  | 11.68% |  | 7.78% |  |

It is acknowledged that the above indicators may be challenged in the near future but the directors and management team continue to work hard in order to mitigate the exposure to the market changes and look forward to another period of profitable trading.

ON BEHALF OF THE BOARD:

Mr J P Cheetham - Director

26 February 2026

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

The directors present their report with the financial statements of the company and the group for the year ended 30 September 2025.

PRINCIPAL ACTIVITY

The principal trading activities of the group, in the year under review, continued to be those of the manufacture of lifting materials and mechanical lifting equipment, structural fabrication, non-ferrous founding, precision and general engineering and medium to heavy machining. The groups other activities included the management of company and property investments.

DIVIDENDS

Total dividends distributed for the year ended 30 September 2025 was £329,000 (2024: £408,000).

RESEARCH AND DEVELOPMENT

The group continues with its ongoing programme of research and development activities across all sites, divisions and market sectors. It continues to drive change and adapt to changes in technological, legislative, customer and market demands.

FUTURE DEVELOPMENTS

The group looks to continue to consolidate and strengthen trading activities in the post pandemic era. The directors and management team continue to explore all market sectors, look to make gains in established activities and develop traction in new ones. The group is self supporting and maintains what is considered to be sufficient cash and liquid resources to sustain all activities.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 October 2024 to the date of this report.

Mr J P Cheetham

Miss E V Cheetham

Miss J V J Earnshaw

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

STATEMENT OF DIRECTORS' RESPONSIBILITIES - continued

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditor is unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditor is aware of that information.

AUDITOR

The auditors, Xeinadin Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr J P Cheetham - Director

26 February 2026

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF

EUROPA ENGINEERING HOLDINGS LTD

Opinion

We have audited the financial statements of Europa Engineering Holdings Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2025 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the group's and of the parent company affairs as at 30 September 2025 and of the group's profit for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditor thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF

EUROPA ENGINEERING HOLDINGS LTD

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- | the parent company financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on pages four and five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF

EUROPA ENGINEERING HOLDINGS LTD

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditor that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We design audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to the Companies Act 2006. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditor.

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF

EUROPA ENGINEERING HOLDINGS LTD

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditor and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Robert Watson (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

8th Floor, Beckett House

36 Old Jewry

London

EC2R 8DD

26 February 2026

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| 30.9.25 |  | 30.9.24

| Notes | £ | £ |

TURNOVER | 4 | 10,708,869 |  | 8,488,225 |  |

Cost of sales | (6,787,826 | ) | (5,489,085 | ) |

GROSS PROFIT | 3,921,043 |  | 2,999,140 |  |

Administrative expenses | (2,867,391 | ) | (2,556,330 | ) |

1,053,652 |  | 442,810 |  |

Other operating income | 5 | 197,185 |  | 216,844 |  |

OPERATING PROFIT | 7 | 1,250,837 |  | 659,654 |  |

Interest receivable and similar income | 8 | 58,602 |  | 143,374 |  |

1,309,439 |  | 803,028 |  |

Interest payable and similar expenses | 9 | (77,224 | ) | (47,787 | ) |

PROFIT BEFORE TAXATION | 1,232,215 |  | 755,241 |  |

Tax on profit | 10 | (87,911 | ) | (117,803 | ) |

PROFIT FOR THE FINANCIAL YEAR | 1,144,304 |  | 637,438 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,144,304 |  | 637,438 |  |

Profit attributable to:

Owners of the parent | 1,144,304 |  | 637,438 |  |

Total comprehensive income attributable to:

Owners of the parent | 1,144,304 |  | 637,438 |  |

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

CONSOLIDATED BALANCE SHEET

30 SEPTEMBER 2025

| 30.9.25 | 30.9.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 13 | - |  | - |  |

Tangible assets | 14 | 5,501,266 |  | 4,015,956 |  |

Investments | 15 | - |  | - |  |

Investment property | 16 | 789,268 |  | 789,268 |  |

6,290,534 |  | 4,805,224 |  |

CURRENT ASSETS

Stocks | 17 | 531,992 |  | 507,271 |  |

Debtors | 18 | 2,083,159 |  | 2,986,377 |  |

Cash at bank and in hand | 1,826,577 |  | 1,737,307 |  |

4,441,728 |  | 5,230,955 |  |

CREDITORS

Amounts falling due within one year | 19 | 2,083,074 |  | 2,391,263 |  |

NET CURRENT ASSETS | 2,358,654 |  | 2,839,692 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 8,649,188 |  | 7,644,916 |  |

CREDITORS

Amounts falling due after more than one year | 20 | (6,049 | ) | - |  |

PROVISIONS FOR LIABILITIES | 23 | (882,845 | ) | (699,926 | ) |

NET ASSETS | 7,760,294 |  | 6,944,990 |  |

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

CONSOLIDATED BALANCE SHEET - continued

30 SEPTEMBER 2025

| 30.9.25 | 30.9.24 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 24 | 100 |  | 100 |  |

Revaluation reserve | 25 | 1,331,423 |  | 1,331,423 |  |

Other reserves | 25 | 1,800,000 |  | 1,800,000 |  |

Retained earnings | 25 | 4,628,771 |  | 3,813,467 |  |

SHAREHOLDERS' FUNDS | 7,760,294 |  | 6,944,990 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2026 and were signed on its behalf by:

Mr J P Cheetham - Director

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

COMPANY BALANCE SHEET

30 SEPTEMBER 2025

| 30.9.25 | 30.9.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 13 | - |  | - |  |

Tangible assets | 14 | - |  | - |  |

Investments | 15 | 3,565,000 |  | 3,565,000 |  |

Investment property | 16 | - |  | - |  |

3,565,000 |  | 3,565,000 |  |

CURRENT ASSETS

Debtors | 18 | 215,999 |  | 41,999 |  |

Cash at bank | 4,941 |  | 8,029 |  |

220,940 |  | 50,028 |  |

NET CURRENT ASSETS | 220,940 |  | 50,028 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,785,940 |  | 3,615,028 |  |

CAPITAL AND RESERVES

Called up share capital | 24 | 100 |  | 100 |  |

Other reserves | 25 | 1,800,000 |  | 1,800,000 |  |

Retained earnings | 25 | 1,985,840 |  | 1,814,928 |  |

SHAREHOLDERS' FUNDS | 3,785,940 |  | 3,615,028 |  |

Company's profit/(loss) for the financial year | 499,912 |  | (99 | ) |

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2026 and were signed on its behalf by:

Mr J P Cheetham - Director

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| Called up |

| share |  | Retained |  | Revaluation |  | Other |  | Total

| capital |  | earnings |  | reserve |  | reserves |  | equity

£ | £ | £ | £ | £ |

Balance at 1 October 2023 | 100 |  | 3,584,029 |  | 1,331,423 |  | 1,800,000 |  | 6,715,552 |  |

Changes in equity

Dividends | - |  | (408,000 | ) | - |  | - |  | (408,000 | ) |

Total comprehensive income | - |  | 637,438 |  | - |  | - |  | 637,438 |  |

Balance at 30 September 2024 | 100 |  | 3,813,467 |  | 1,331,423 |  | 1,800,000 |  | 6,944,990 |  |

Changes in equity

Dividends | - |  | (329,000 | ) | - |  | - |  | (329,000 | ) |

Total comprehensive income | - |  | 1,144,304 |  | - |  | - |  | 1,144,304 |  |

Balance at 30 September 2025 | 100 |  | 4,628,771 |  | 1,331,423 |  | 1,800,000 |  | 7,760,294 |  |

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| Called up |

| share |  | Retained |  | Other |  | Total

| capital |  | earnings |  | reserves |  | equity

£ | £ | £ | £ |

Balance at 1 October 2023 | 100 |  | 2,223,027 |  | 1,800,000 |  | 4,023,127 |  |

Changes in equity

Dividends | - |  | (408,000 | ) | - |  | (408,000 | ) |

Total comprehensive income | - |  | (99 | ) | - |  | (99 | ) |

Balance at 30 September 2024 | 100 |  | 1,814,928 |  | 1,800,000 |  | 3,615,028 |  |

Changes in equity

Dividends | - |  | (329,000 | ) | - |  | (329,000 | ) |

Total comprehensive income | - |  | 499,912 |  | - |  | 499,912 |  |

Balance at 30 September 2025 | 100 |  | 1,985,840 |  | 1,800,000 |  | 3,785,940 |  |

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| 30.9.25 |  | 30.9.24

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 1,810,968 |  | (511,083 | ) |

Interest paid | (59,408 | ) | (36,582 | ) |

Interest element of hire purchase payments paid | (17,816 | ) | (11,205 | ) |

Taxation (paid) refunded | (171,966 | ) | (241,458 | ) |

Net cash from operating activities | 1,561,778 |  | (800,328 | ) |

Cash flows from investing activities

Acquisition of business | (800,000 | ) | - |  |

Purchase of tangible fixed assets | (390,615 | ) | (194,171 | ) |

Purchase of investment property | - |  | (468,207 | ) |

Sale of tangible fixed assets | 293,501 |  | 177,250 |  |

Interest received | 58,602 |  | 143,374 |  |

Net cash from investing activities | (838,512 | ) | (341,754 | ) |

Cash flows from financing activities

Loan repayments in year | - |  | (87,500 | ) |

Capital repayments in year | (267,958 | ) | (73,238 | ) |

Amount introduced by directors | - |  | 118,643 |  |

Amount withdrawn by directors | (37,038 | ) | - |  |

Equity dividends paid | (329,000 | ) | (408,000 | ) |

Net cash from financing activities | (633,996 | ) | (450,095 | ) |

Increase/(decrease) in cash and cash equivalents | 89,270 |  | (1,592,177 | ) |

Cash and cash equivalents at beginning of year | 2 | 1,737,307 |  | 3,329,484 |  |

Cash and cash equivalents at end of year | 2 | 1,826,577 |  | 1,737,307 |  |

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 30.9.25 |  | 30.9.24

£ | £ |

| Profit before taxation | 1,232,215 |  | 755,241 |  |

| Depreciation charges | 233,858 |  | 197,106 |  |

| (Profit)/loss on disposal of fixed assets | (245,228 | ) | 22,598 |  |

| Finance costs | 77,224 |  | 47,787 |  |

| Finance income | (58,602 | ) | (143,374 | ) |

1,239,467 |  | 879,358 |  |

| Increase in stocks | (15,095 | ) | (29,676 | ) |

| Decrease/(increase) in trade and other debtors | 1,166,223 |  | (789,050 | ) |

| Decrease in trade and other creditors | (579,627 | ) | (571,715 | ) |

| Cash generated from operations | 1,810,968 |  | (511,083 | ) |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 30 September 2025

| 30/9/25 |  | 1/10/24

£ | £ |

| Cash and cash equivalents | 1,826,577 |  | 1,737,307 |  |

| Year ended 30 September 2024

| 30/9/24 |  | 1/10/23

£ | £ |

| Cash and cash equivalents | 1,737,307 |  | 3,329,484 |  |

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1/10/24 | Cash flow | At 30/9/25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 1,737,307 |  | 89,270 |  | 1,826,577 |  |

1,737,307 |  | 89,270 |  | 1,826,577 |  |

| Debt

| Finance leases | - |  | (42,343 | ) | (42,343 | ) |

- |  | (42,343 | ) | (42,343 | ) |

| Total | 1,737,307 |  | 46,927 |  | 1,784,234 |  |

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. | STATUTORY INFORMATION

| Europa Engineering Holdings Ltd 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 General Information page.

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" and the Companies Act 2006. The financial statements are prepared in sterling, the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Basis of consolidation

| The consolidated financial statements incorporate the financial statements of Europa Engineering Holdings Limited and all of its subsidiaries are drawn up to 30 September each year. Subsidiaries are consolidated from the date of their acquisition, being the date on which the group obtains control and continue to be consolidated until the date that such control ceases. Control comprises the power to govern the financial and operating policies of the investee so as to obtain benefit from its activities.

| Significant judgements and estimates

| The following judgements and estimates have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements:

| Warranty provision at the year end

| £223,594 (2024: £168,107) in respect of warranties provided on contracts has been included in other provisions. The Directors consider that this value is a reasonable representation of costs which could be incurred in fulfilling the groups contractual obligations.

| There are no other key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

3. | ACCOUNTING POLICIES - continued

| Turnover

| Turnover is recognised at the fair vale of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and the other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

| When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

| Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Turnover from contracts for the provision of professional services is recognised by reference to the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimates reliably, turnover is recognised only to the extent of the expenses recognised that it is probable will be recovered.

| 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

| Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Land and buildings are held at fair value less any accumulated depreciation and subsequent impairment losses. Increases in fair value are recognised in other comprehensive income.

| Depreciation is provided at the following annual rates in order to write off the cost of each asset to its estimated residual value on a straight line basis over its estimated useful life or, if held under a finance lease, over the lease term, whichever is shorter.

| Freehold land |  | Not depreciated |  |

| Freehold property |  | Straight line over 50 years |  |

| Plant and machinery |  | Straight line over 10 years |  |

| Fixtures and fittings |  | Straight line over 10 years and 4 years |  |

| Motor vehicles |  | Straight line over 4 years |  |

| Investments in subsidiaries

| Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

3. | ACCOUNTING POLICIES - continued

| Investment property

| Investment property, which is property held to realise rental income and capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable purchase expenditure. Subsequently, it is valued at fair value at the reporting date and any aggregate deficits or surpluses arising from changes in fair value are recognised in the profit or loss

| Stock

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

| Financial instruments

| Financial instruments are classed and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of it's liabilities.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Comprehensive Income, 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.

| 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.

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

3. | ACCOUNTING POLICIES - continued

| 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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

4. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the group.

| An analysis of turnover by geographical market is given below:

| 30.9.25 |  | 30.9.24

£ | £ |

| United Kingdom | 10,625,571 |  | 8,392,820 |  |

| Europe | 72,264 |  | 80,066 |  |

| Rest of the World | 11,034 |  | 15,339 |  |

10,708,869 |  | 8,488,225 |  |

5. | OTHER OPERATING INCOME

| 30.9.25 |  | 30.9.24

£ | £ |

| Rents received | 195,091 |  | 214,750 |  |

| Government grants | 2,094 |  | 2,094 |  |

197,185 |  | 216,844 |  |

6. | EMPLOYEES AND DIRECTORS

| 30.9.25 |  | 30.9.24

£ | £ |

| Wages and salaries | 2,656,517 |  | 2,222,758 |  |

| Social security costs | 274,450 |  | 197,174 |  |

| Other pension costs | 267,413 |  | 476,912 |  |

3,198,380 |  | 2,896,844 |  |

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

6. | EMPLOYEES AND DIRECTORS - continued

| The average number of employees during the year was as follows:

| 30.9.25 |  | 30.9.24

| Staff | 82 |  | 75 |  |

| 30.9.25 |  | 30.9.24

£ | £ |

| Directors' remuneration | 84,484 |  | 67,394 |  |

| Directors' pension contributions to money purchase schemes | 203,000 |  | 409,426 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 3 |  | 3 |  |

7. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| 30.9.25 |  | 30.9.24

£ | £ |

| Operating lease rentals | 203,214 |  | 212,185 |  |

| Depreciation - owned assets | 171,493 |  | 164,753 |  |

| Depreciation - assets on hire purchase contracts | 62,364 |  | 32,354 |  |

| (Profit)/loss on disposal of fixed assets | (245,228 | ) | 22,598 |  |

| Auditors' remuneration | 20,578 |  | 20,636 |  |

| Foreign exchange differences | (13,201 | ) | (13,260 | ) |

8. | INTEREST RECEIVABLE AND SIMILAR INCOME |

| 30.9.25 |  | 30.9.24

£ | £ |

| Other interest income | 58,602 |  | 143,374 |  |

9. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 30.9.25 |  | 30.9.24

£ | £ |

| Bank interest | 59,408 |  | 36,582 |  |

| Hire purchase interest | 17,816 |  | 11,205 |  |

77,224 |  | 47,787 |  |

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

10. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 30.9.25 |  | 30.9.24

£ | £ |

| Current tax:

| UK corporation tax | 211,972 |  | 244,182 |  |

| Corporation tax prior year

| adjustment - research and

| development | (50,000 | ) | (57,229 | ) |

| Total current tax | 161,972 |  | 186,953 |  |

| Deferred tax | (74,061 | ) | (69,150 | ) |

| Tax on profit | 87,911 |  | 117,803 |  |

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

| 30.9.25 |  | 30.9.24

£ | £ |

| Profit before tax | 1,232,215 |  | 755,241 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 308,054 |  | 188,810 |  |

| Effects of:

| Expenses not deductible for tax purposes | 3,510 |  | 2,272 |  |

| Income not taxable for tax purposes | (525 | ) | (524 | ) |

| Capital allowances in excess of depreciation | (22,368 | ) | - |  |

| Depreciation in excess of capital allowances | - |  | 51,889 |  |

| Adjustments to tax charge in respect of previous periods | (50,000 | ) | (57,229 | ) |

| (Loss)/ Profit on asset disposals | 55,078 |  | 5,650 |  |

| Other adjustments | (131,370 | ) | - |  |

| Deferred taxation charges (credits) | (74,061 | ) | (69,150 | ) |

| Non trade deficits brought forward | - |  | (5,759 | ) |

| Movement in pension creditor | (407 | ) | 1,844 |  |

| Total tax charge | 87,911 |  | 117,803 |  |

11. | INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

12. | DIVIDENDS

| 30.9.25 |  | 30.9.24

£ | £ |

| A Ordinary shares of 10p each |

| Interim | 329,000 |  | 408,000 |  |

13. | INTANGIBLE FIXED ASSETS

| Group

| Goodwill

£ |

| COST

| Additions | (465,537 | ) |

| Disposals | 465,537 |  |

| At 30 September 2025 | - |  |

| NET BOOK VALUE

| At 30 September 2025 | - |  |

| Negative goodwill arose on acquisition of a business during the year. The negative goodwill was originally recognised at cost and has subsequently been written off in the year.

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

14. | TANGIBLE FIXED ASSETS

| Group

| Assets |

| Freehold |  | under |  | Plant and

| property |  | construction |  | machinery

£ | £ | £ |

| COST OR VALUATION

| At 1 October 2024 | 3,500,000 |  | - |  | 2,232,901 |  |

| Additions | 1,200,000 |  | 147,297 |  | 242,171 |  |

| Disposals | - |  | - |  | (409,853 | ) |

| At 30 September 2025 | 4,700,000 |  | 147,297 |  | 2,065,219 |  |

| DEPRECIATION

| At 1 October 2024 | - |  | - |  | 1,896,173 |  |

| Charge for year | - |  | - |  | 84,247 |  |

| Eliminated on disposal | - |  | - |  | (213,302 | ) |

| At 30 September 2025 | - |  | - |  | 1,767,118 |  |

| NET BOOK VALUE

| At 30 September 2025 | 4,700,000 |  | 147,297 |  | 298,101 |  |

| At 30 September 2024 | 3,500,000 |  | - |  | 336,728 |  |

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 October 2024 | 188,987 |  | 332,235 |  | - |  | 6,254,123 |  |

| Additions | 4,107 |  | 636,264 |  | 3,138 |  | 2,232,977 |  |

| Disposals | (4,107 | ) | (434,803 | ) | (3,138 | ) | (851,901 | ) |

| At 30 September 2025 | 188,987 |  | 533,696 |  | - |  | 7,635,199 |  |

| DEPRECIATION

| At 1 October 2024 | 153,115 |  | 188,879 |  | - |  | 2,238,167 |  |

| Charge for year | 8,240 |  | 141,370 |  | - |  | 233,857 |  |

| Eliminated on disposal | - |  | (124,789 | ) | - |  | (338,091 | ) |

| At 30 September 2025 | 161,355 |  | 205,460 |  | - |  | 2,133,933 |  |

| NET BOOK VALUE

| At 30 September 2025 | 27,632 |  | 328,236 |  | - |  | 5,501,266 |  |

| At 30 September 2024 | 35,872 |  | 143,356 |  | - |  | 4,015,956 |  |

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

14. | TANGIBLE FIXED ASSETS - continued

| Group

| Cost or valuation at 30 September 2025 is represented by:

| Assets |

| Freehold |  | under |  | Plant and

| property |  | construction |  | machinery

£ | £ | £ |

| Valuation in 2023 | 1,775,230 |  | - |  | - |  |

| Cost | 2,924,770 |  | 147,297 |  | 2,065,219 |  |

4,700,000 |  | 147,297 |  | 2,065,219 |  |

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Totals

£ | £ | £ |

| Valuation in 2023 | - |  | - |  | 1,775,230 |  |

| Cost | 188,987 |  | 533,696 |  | 5,859,969 |  |

188,987 |  | 533,696 |  | 7,635,199 |  |

| The fair value of the Freehold property has been arrived at on the basis of a valuation carried out at 31 May 2023 by Bennell Limited. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

14. | TANGIBLE FIXED ASSETS - continued

| Group

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

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 October 2024 | 41,543 |  | - |  | 41,543 |  |

| Additions | - |  | 380,190 |  | 380,190 |  |

| Disposals | - |  | (277,601 | ) | (277,601 | ) |

| At 30 September 2025 | 41,543 |  | 102,589 |  | 144,132 |  |

| DEPRECIATION

| At 1 October 2024 | 21,464 |  | - |  | 21,464 |  |

| Charge for year | 4,154 |  | 58,210 |  | 62,364 |  |

| Eliminated on disposal | - |  | (34,700 | ) | (34,700 | ) |

| At 30 September 2025 | 25,618 |  | 23,510 |  | 49,128 |  |

| NET BOOK VALUE

| At 30 September 2025 | 15,925 |  | 79,079 |  | 95,004 |  |

| At 30 September 2024 | 20,079 |  | - |  | 20,079 |  |

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

15. | FIXED ASSET INVESTMENTS

| Company

|  | Shares in group undertakings |  |

| £ |  |

| COST |  |

| At 1 October 2024 and 30 September 2025 |  | 3,565,000 |  |

| NET BOOK VALUE |  |

| At 30 September 2025 |  | 3,565,000 |  |

| At 30 September 2024 |  | 3,565,000 |  |

| The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

| Name |  | Principal activity |  | Class |  | Holding % |  |

| Europa Engineering Group Limited |  | Holding company |  | Ordinary |  | 100 |  |

| Synergis Trading Limited |  | Property and equipment rental |  | Ordinary |  | 100 |  |

| Europa Engineering Ltd. |  | Structural engineers in the lifting industry |  | Ordinary |  | 100 |  |

| Brass Founders (Sheffield) Limited |  | Dormant |  | Ordinary |  | 100 |  |

| J T Barker and Sons Limited |  | Dormant |  | Ordinary |  | 100 |  |

| J Youle and Company Limited |  | Dormant |  | Ordinary |  | 100 |  |

| Lifting Gear Products Limited |  | Dormant |  | Ordinary |  | 100 |  |

| Pattisons Brothers Limited |  | Dormant |  | Ordinary |  | 100 |  |

| Plum-Alti Limited |  | Dormant |  | Ordinary |  | 100 |  |

| Dale & Company (Ancoats) Limited |  | Dormant |  | Ordinary |  | 100 |  |

| On 1 October 2024 the group acquired 100% of the shares in Dale & Co (Ancoats) Limited.

| The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

|  | Capital and reserves 2025 & 2024 |  | Profit/ (loss for the year 2025 & 2024 | ) |

|  | £ |  | £ |  |

| Europa Engineering Group Limited |  |

| Synergis Trading Limited |  |

| Europa Engineering Ltd. |  |

| Brass Founders (Sheffield) Limited |  | 1 |  | - |  |

| J T Barker and Sons Limited |  | 1 |  | - |  |

| J Youle and Company Limited |  | 1 |  | - |  |

| Lifting Gear Products Limited |  | 1 |  | - |  |

| Pattisons Brothers Limited |  | 1 |  | - |  |

| Plum-Alti Limited |  | 1 |  | - |  |

| Dale & Company (Ancoats) Limited |  | 1 (2024: NA | ) | - (2024: NA | ) |

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| The above companies share the same registered office as that of the company as shown on the company information (page 1).

16. | INVESTMENT PROPERTY

| Group

| Total

£ |

| FAIR VALUE

| At 1 October 2024

| and 30 September 2025 | 789,268 |  |

| NET BOOK VALUE

| At 30 September 2025 | 789,268 |  |

| At 30 September 2024 | 789,268 |  |

| The fair value of the investment property has been arrived at on the basis of a valuation carried out at 30 September 2023 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

17. | STOCKS

| Group |

| 30.9.25 |  | 30.9.24 |

£ | £ |

| Raw materials | 531,992 |  | 507,271 |  |

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

| Group |  | Company |

| 30.9.25 |  | 30.9.24 |  | 30.9.25 |  | 30.9.24 |

£ | £ | £ | £ |

| Trade debtors | 1,793,408 |  | 1,842,660 |  | - |  | - |  |

| Amounts owed by group undertakings | - |  | - |  | 215,999 |  | 41,999 |  |

| Amounts recoverable on contract | 106,790 |  | 172,913 |  | - |  | - |  |

| Other debtors | 850 |  | 2,006 |  | - |  | - |  |

| Prepayments | 182,111 |  | 968,798 |  | - |  | - |  |

2,083,159 |  | 2,986,377 |  | 215,999 |  | 41,999 |  |

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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

| Group |

| 30.9.25 |  | 30.9.24 |

£ | £ |

| Hire purchase contracts (see note 21) | 36,294 |  | - |  |

| Payments on account | 475,475 |  | 1,097,112 |  |

| Trade creditors | 657,082 |  | 338,905 |  |

| Corporation tax | 176,959 |  | 186,953 |  |

| Social security and other taxes | 63,663 |  | 42,723 |  |

| VAT | 143,810 |  | 242,242 |  |

| Other creditors | 85,669 |  | 84,063 |  |

| Directors' current accounts | 97,190 |  | 134,228 |  |

| Accruals and deferred income | 346,932 |  | 265,037 |  |

2,083,074 |  | 2,391,263 |  |

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

| Group |

| 30.9.25 |  | 30.9.24 |

£ | £ |

| Hire purchase contracts (see note 21) | 6,049 |  | - |  |

21. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Hire purchase |

| contracts |

| 30.9.25 |  | 30.9.24 |

£ | £ |

| Net obligations repayable:

| Within one year | 36,294 |  | - |  |

| Between one and five years | 6,049 |  | - |  |

42,343 |  | - |  |

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

21. | LEASING AGREEMENTS - continued

| Group

| Non-cancellable |

| operating leases |

| 30.9.25 |  | 30.9.24

£ | £ |

| Within one year | 88,000 |  | 88,000 |  |

| Between one and five years | 352,000 |  | 352,000 |  |

| In more than five years | 330,000 |  | 418,000 |  |

770,000 |  | 858,000 |  |

22. | SECURED DEBTS

| The following secured debts are included within creditors:

| Group |

| 30.9.25 |  | 30.9.24 |

£ | £ |

| Hire purchase contracts | 42,343 |  | - |  |

| Hire purchase contracts are secured by a charge over the assets to which they relate.

23. | PROVISIONS FOR LIABILITIES

| Group |

| 30.9.25 |  | 30.9.24 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 13,950 |  | 88,011 |  |

| Other timing differences | 645,301 |  | 443,808 |  |

659,251 |  | 531,819 |  |

| Other provisions | 223,594 |  | 168,107 |  |

| Aggregate amounts | 882,845 |  | 699,926 |  |

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

23. | PROVISIONS FOR LIABILITIES - continued

| Group

| Deferred |

| tax |

£ |

| Balance at 1 October 2024 | 531,819 |  |

| Provided during year | (74,061 | ) |

| Revaluation surpluses | 201,493 |  |

| Balance at 30 September 2025 | 659,251 |  |

24. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.9.25 |  | 30.9.24

| value: | £ | £ |

| 700 | A Ordinary | 10p | 70 |  | 70 |  |

| 100 | B Ordinary | 10p | 10 |  | 10 |  |

| 100 | C Ordinary | 10p | 10 |  | 10 |  |

| 100 | D Ordinary | 10p | 10 |  | 10 |  |

100 |  | 100 |  |

25. | RESERVES

| Group

| Retained |  | Revaluation |  | Other |

| earnings |  | reserve |  | reserves |  | Totals

£ | £ | £ | £ |

| At 1 October 2024 | 3,813,467 |  | 1,331,423 |  | 1,800,000 |  | 6,944,890 |  |

| Profit for the year | 1,144,304 |  | 1,144,304 |  |

| Dividends | (329,000 | ) | (329,000 | ) |

| At 30 September 2025 | 4,628,771 |  | 1,331,423 |  | 1,800,000 |  | 7,760,194 |  |

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

25. | RESERVES - continued

| Company

| Retained |  | Other |

| earnings |  | reserves |  | Totals

£ | £ | £ |

| At 1 October 2024 | 1,814,928 |  | 1,800,000 |  | 3,614,928 |  |

| Profit for the year | 499,912 |  | 499,912 |  |

| Dividends | (329,000 | ) | (329,000 | ) |

| At 30 September 2025 | 1,985,840 |  | 1,800,000 |  | 3,785,840 |  |