IRIS Accounts Production v25.4.12.37 02305498 Board of Directors 1.8.24 31.7.25 31.7.25 Medium entities Manufacture of engines and turbines, except aircraft, vehicle and cycle engines. true false true true false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02305498 2024-07-31 02305498 2025-07-31 02305498 2024-08-01 2025-07-31 02305498 2023-07-31 02305498 2023-08-01 2024-07-31 02305498 2024-07-31 02305498 ns15:EnglandWales 2024-08-01 2025-07-31 02305498 ns14:PoundSterling 2024-08-01 2025-07-31 02305498 ns10:Director1 2024-08-01 2025-07-31 02305498 ns10:CompanySecretary1 2024-08-01 2025-07-31 02305498 ns10:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 02305498 ns10:MediumEntities 2024-08-01 2025-07-31 02305498 ns10:Audited 2024-08-01 2025-07-31 02305498 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-08-01 2025-07-31 02305498 ns10:Medium-sizedCompaniesRegimeForAccounts 2024-08-01 2025-07-31 02305498 ns10:FullAccounts 2024-08-01 2025-07-31 02305498 ns10:OrdinaryShareClass1 2024-08-01 2025-07-31 02305498 ns10:Director2 2024-08-01 2025-07-31 02305498 ns10:Director3 2024-08-01 2025-07-31 02305498 ns10:Director4 2024-08-01 2025-07-31 02305498 ns10:Director6 2024-08-01 2025-07-31 02305498 ns10:Director7 2024-08-01 2025-07-31 02305498 ns10:RegisteredOffice 2024-08-01 2025-07-31 02305498 ns10:Director5 2024-08-01 2025-07-31 02305498 ns5:RetainedEarningsAccumulatedLosses 2024-07-31 02305498 ns5:RetainedEarningsAccumulatedLosses 2023-07-31 02305498 ns5:RetainedEarningsAccumulatedLosses 2024-08-01 2025-07-31 02305498 ns5:RetainedEarningsAccumulatedLosses 2023-08-01 2024-07-31 02305498 ns5:RetainedEarningsAccumulatedLosses 2025-07-31 02305498 ns5:RetainedEarningsAccumulatedLosses 2024-07-31 02305498 ns5:CurrentFinancialInstruments 2025-07-31 02305498 ns5:CurrentFinancialInstruments 2024-07-31 02305498 ns5:ShareCapital 2025-07-31 02305498 ns5:ShareCapital 2024-07-31 02305498 ns5:PlantEquipmentOtherAssetsUnderOperatingLeases 2024-08-01 2025-07-31 02305498 ns5:PlantEquipmentOtherAssetsUnderOperatingLeases 2023-08-01 2024-07-31 02305498 ns5:OwnedAssets 2024-08-01 2025-07-31 02305498 ns5:OwnedAssets 2023-08-01 2024-07-31 02305498 1 2024-08-01 2025-07-31 02305498 1 2023-08-01 2024-07-31 02305498 5 2024-08-01 2025-07-31 02305498 5 2023-08-01 2024-07-31 02305498 ns10:OrdinaryShareClass1 2023-08-01 2024-07-31 02305498 ns5:PlantMachinery 2024-07-31 02305498 ns5:PlantMachinery 2024-08-01 2025-07-31 02305498 ns5:PlantMachinery 2025-07-31 02305498 ns5:PlantMachinery 2024-07-31 02305498 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-07-31 02305498 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-07-31 02305498 ns5:WithinOneYear 2025-07-31 02305498 ns5:WithinOneYear 2024-07-31 02305498 ns5:AcceleratedTaxDepreciationDeferredTax 2025-07-31 02305498 ns5:AcceleratedTaxDepreciationDeferredTax 2024-07-31 02305498 ns5:DeferredTaxation 2024-07-31 02305498 ns5:DeferredTaxation 2025-07-31 02305498 ns10:OrdinaryShareClass1 2025-07-31 02305498 1 2024-08-01 2025-07-31

REGISTERED NUMBER: 02305498 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

JOHN HYDE ENGINEERING LIMITED

JOHN HYDE ENGINEERING LIMITED (REGISTERED NUMBER: 02305498)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

| Page |

Company Information | 1 |

Strategic Report | 2 |  | to |  | 3

Report of the Directors | 4 |  | to |  | 5

Report of the Independent Auditors | 6 |  | to |  | 9

Statement of Income and Retained Earnings | 10 |

Statement of Financial Position | 11 |

Notes to the Financial Statements | 12 |  | to |  | 17

JOHN HYDE ENGINEERING LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JULY 2025

| DIRECTORS: | Mr J A Hyde BSc

| Mr J E Hyde BEng

| Mr W D Burrows

| Mr D N Kidd

| Mr L Baldwin

| Mr R Postles

| SECRETARY: | Mr W D Burrows

| REGISTERED OFFICE: | Hyde Park

| City Road

| Stoke on Trent

| Staffordshire

| ST4 1DS

| REGISTERED NUMBER: | 02305498 (England and Wales)

| AUDITORS: | Sumer Auditco Limited

| Chartered Accountants & Statutory Auditors

| Stone House

| Stone Road Business Park

| Stoke-on-Trent

| ST4 6SR

| BANKERS: | Royal Bank of Scotland plc

| 38 Mosley Street

| Manchester

| M60 2BE

JOHN HYDE ENGINEERING LIMITED (REGISTERED NUMBER: 02305498)

STRATEGIC REPORT

FOR THE YEAR ENDED 31 JULY 2025

The directors present their strategic report for the year ended 31 July 2025.

We aim to present a balanced and comprehensive review of the development and performance of our business during the year and its position at the year end. Our review is consistent with the size and non-complex nature of our business and is written in the context of the risks and uncertainties that we face.

The principal activity of John Hyde Engineering Ltd is one of manufacturing engines and turbines, except aircraft, vehicle and cycle engines.

REVIEW OF BUSINESS

The value of shareholders funds and the liquidity of its balance sheet are the key performance indicators which measure the success or otherwise of the company.

PRINCIPAL RISKS AND UNCERTAINTIES

John Hyde Engineering is heavily dependent on one customer with whom a agreement was signed in 2024. The customer has been and remains profitable with a strong balance sheet, and has diverse worldwide markets. The dependency is mutual so the risk of sudden change is low. Automation to reduce the need for people to work night shifts was undertaken during the year and will continue for several years.

The company has agreements with its main customers which adjust the prices the company charges to compensate fully for raw material and energy costs, but not for increases in the base prices of the products.

Financial Risk Management

Credit risk is mitigated by carrying out credit checks prior to working for any potential customers, and by ensuring the agreed terms are not breached.

Corporate and Social Responsibility

The directors recognise that the long term security and prosperity of the company is best served by fair treatment of its employees and prospective employees in accordance with the law and best practice. The company complies with environmental law and the directors recognise the long term benefits of bettering legal requirements.

OPERATING EXPENSES

All expenditure requires the authority of a director, and is instigated for the sole benefit of the trade of the businesses.

WORKING CAPITAL

The company meets its day to day working capital requirements through cash receipts from customers. Stock is reviewed monthly to ensure that the valuation is in line with UK accounting standards and is deemed recoverable. Any obsolete stock which is identified is fully provided for within these financial statements.

POST BALANCE SHEET EVENTS

Information relating to events since the end of the year is given in the notes to the financial statements.

JOHN HYDE ENGINEERING LIMITED (REGISTERED NUMBER: 02305498)

STRATEGIC REPORT

FOR THE YEAR ENDED 31 JULY 2025

EMPLOYMENT OF DISABLED PERSON

The company gives proper consideration to applications for employment from disabled persons where the requirements of the job can be fulfilled by a handicapped or disabled person. Where existing employees become disabled, it is the company's policy wherever practicable to provide continuing employment under normal terms and conditions and to provide training and career development and promotion to disabled employees wherever appropriate.

Employee Involvement

During the year, the policy of providing employees with information about the performance of the company has been continued through letters and meetings in which employees have been asked to present their suggestions and views.

ON BEHALF OF THE BOARD:

Mr W D Burrows - Secretary

27 February 2026

JOHN HYDE ENGINEERING LIMITED (REGISTERED NUMBER: 02305498)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 JULY 2025

The directors present their report with the financial statements of the company for the year ended 31 July 2025.

DIVIDENDS

The total distribution of dividends for the year ended 31 July 2025 will be £600,000.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

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

Mr J A Hyde BSc

Mr J E Hyde BEng

Mr W D Burrows

Mr D N Kidd

Mr L Baldwin

Other changes in directors holding office are as follows:

Mr S G Lockett - resigned 30 June 2025

Mr R Postles - appointed 27 June 2025

DISCLOSURE IN THE STRATEGIC REPORT

The company has chosen in accordance with section 414C(11) of the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 to set out in the company's strategic report information required by schedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 in relation to future developments of the company.

The strategic report can be found on page 2 of these financial statements.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the 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 of the profit or loss of the company 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.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

JOHN HYDE ENGINEERING LIMITED (REGISTERED NUMBER: 02305498)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 JULY 2025

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 company's auditors are 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 company's auditors are aware of that information.

AUDITORS

The auditors are deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

ON BEHALF OF THE BOARD:

Mr W D Burrows - Secretary

27 February 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

JOHN HYDE ENGINEERING LIMITED

Opinion

We have audited the financial statements of JOHN HYDE ENGINEERING LIMITED (the 'company') for the year ended 31 July 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and 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 company's affairs as at 31 July 2025 and of its 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company 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 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 Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors 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.

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

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

JOHN HYDE ENGINEERING LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the 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, or returns adequate for our audit have not been received from branches not visited by us; or

- | the 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 page four, 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 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 company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

JOHN HYDE ENGINEERING LIMITED

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 Auditors 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 identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- the nature of the industry and sector, control environment and business performance including the design of the company's remuneration policies, key drivers for directors' remuneration, bonus levels and performance targets;

- results of our enquiries of management about their own identification and assessment of the risks of irregularities;

- any matters we identified having obtained and reviewed the company's documentation of their policies and procedures relating to:

- Identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

- the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

Based on this approach, we were able to assess the company risks and ensure the risks were considered throughout all areas of audit testing. The audit team was professionally sceptical throughout the audit and remained alert for inaccurate or misleading information.

Audit response to risks identified

As a result of performing the above, we did not identify any key audit matters related to the potential risk of fraud or irregularities. Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management concerning actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and

- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

JOHN HYDE ENGINEERING LIMITED

Audit testing was completed on a targeted sample basis based on our assessment of risk and materiality. Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

- | Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

- | Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.

- | Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

- | Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Report of the Auditors to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Report of the Auditors. However, future events or conditions may cause the company to cease to continue as a going concern.

- | Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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 Auditors 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.

Helen Tidyman (Senior Statutory Auditor)

for and on behalf of Sumer Auditco Limited

Chartered Accountants & Statutory Auditors

Stone House

Stone Road Business Park

Stoke-on-Trent

ST4 6SR

3 March 2026

JOHN HYDE ENGINEERING LIMITED (REGISTERED NUMBER: 02305498)

STATEMENT OF INCOME AND RETAINED EARNINGS

FOR THE YEAR ENDED 31 JULY 2025

| 31.7.25 |  | 31.7.24

| Notes | £ | £ |

TURNOVER | 12,471,314 |  | 13,250,143 |  |

Cost of sales | (10,220,051 | ) | (11,372,173 | ) |

GROSS PROFIT | 2,251,263 |  | 1,877,970 |  |

Administrative expenses | (1,221,097 | ) | (1,171,217 | ) |

1,030,166 |  | 706,753 |  |

Other operating income | - |  | 10,696 |  |

OPERATING PROFIT | 4 | 1,030,166 |  | 717,449 |  |

Interest payable and similar expenses | 5 | (43,975 | ) | (48,307 | ) |

PROFIT BEFORE TAXATION | 986,191 |  | 669,142 |  |

Tax on profit | 6 | (179,070 | ) | (167,286 | ) |

PROFIT FOR THE FINANCIAL YEAR | 807,121 |  | 501,856 |  |

Retained earnings at beginning of year | 1,744,406 |  | 1,842,550 |  |

Dividends | 7 | (600,000 | ) | (600,000 | ) |

RETAINED EARNINGS AT END OF YEAR | 1,951,527 |  | 1,744,406 |  |

JOHN HYDE ENGINEERING LIMITED (REGISTERED NUMBER: 02305498)

STATEMENT OF FINANCIAL POSITION

31 JULY 2025

| 31.7.25 |  | 31.7.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 8 | 11,348 |  | 24,966 |  |

CURRENT ASSETS

Stocks | 9 | 1,181,168 |  | 1,680,417 |  |

Debtors | 10 | 2,334,392 |  | 2,438,852 |  |

Cash at bank and in hand | 554,398 |  | 976,330 |  |

4,069,958 |  | 5,095,599 |  |

CREDITORS

Amounts falling due within one year | 11 | (1,976,941 | ) | (3,219,917 | ) |

NET CURRENT ASSETS | 2,093,017 |  | 1,875,682 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,104,365 |  | 1,900,648 |  |

PROVISIONS FOR LIABILITIES | 13 | (2,838 | ) | (6,242 | ) |

NET ASSETS | 2,101,527 |  | 1,894,406 |  |

CAPITAL AND RESERVES

Called up share capital | 14 | 150,000 |  | 150,000 |  |

Retained earnings | 1,951,527 |  | 1,744,406 |  |

SHAREHOLDERS' FUNDS | 2,101,527 |  | 1,894,406 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2026 and were signed on its behalf by:

Mr J A Hyde BSc - Director

JOHN HYDE ENGINEERING LIMITED (REGISTERED NUMBER: 02305498)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1. | STATUTORY INFORMATION

| The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hyde Park, City Road, Stoke-on-Trent, Staffordshire, ST4 1DS.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

| FINANCIAL REPORTING STANDARD 102 - REDUCED DISCLOSURE EXEMPTIONS

| The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

| • | the requirements of Section 7 Statement of Cash Flows.

| The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statement are consolidated into the financial statements of Robert Hyde And Son (Holdings) Limited which can be obtained from Hyde Park, City Road, Stoke On Trent, ST4 1DS.

| SIGNIFICANT JUDGEMENTS AND ESTIMATES

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| Critical accounting estimates and assumptions

| The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

| Judgements

| The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and physical condition of the assets. See tangible assets note for the carrying amount of the assets and the accounting policy for the useful economic lives for each class of assets.

| GOING CONCERN

| The directors have considered the current financial commitments of the company and those which may be made during the 12 months from the date of approval of the accounts and are satisfied that the going concern basis of accounting should be adopted.

JOHN HYDE ENGINEERING LIMITED (REGISTERED NUMBER: 02305498)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| REVENUE RECOGNITION

| The turnover shown in the profit and loss account represents amounts (excluding Value Added Tax) derived from the provision of goods to customers during the year.

| John Hyde Engineering Limited is a subcontract machinist and procurer and processor of castings. Sales of goods are recognised on sale to the customer which is considered the earlier of, invoicing or the point of delivery. Sales are usually on credit and paid via bank transfer.

| Sales are made to customers with a policy to return, subject to certain conditions regarding the usage.

| TANGIBLE FIXED ASSETS

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

| Plant and machinery - 25% straight line

| Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

| STOCK/WIP

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for

| obsolete and slow moving items.

| Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

| FINANCIAL INSTRUMENTS

| A financial asset or a financial liability is recognised only when the entity becomes a party to the

| contractual provisions of the instrument.

| Basic financial instruments are initially recognised at the transaction price, unless the arrangement

| constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an

| impairment loss is recognised in profit or loss immediately.

| For all equity instruments regardless of significance, and other financial assets that are individually

| significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

| 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.

JOHN HYDE ENGINEERING LIMITED (REGISTERED NUMBER: 02305498)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| 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 held under finance leases and hire purchase contracts are recognised in the statement of

| financial position as assets and liabilities at the lower of the fair value of the assets and the present

| value of the minimum lease payments, which is determined at the inception of the lease term. Any

| initial direct costs of the lease are added to the amount recognised as an asset.

| Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

| Operating Leases

| Lease payments are recognised as an expense over the lease term on a straight line basis. The

| aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on astraight line basis

| EMPLOYEE BENEFITS

| The company provides a range of benefits to employees.

| Short term benefits, including holiday pay, are recognised as an expenses in the profit and loss account in the period in which they are incurred.

3. | EMPLOYEES AND DIRECTORS

| 31.7.25 |  | 31.7.24

£ | £ |

| Wages and salaries | 1,700,473 |  | 1,722,796 |  |

| Social security costs | 136,713 |  | 138,826 |  |

| Other pension costs | 41,300 |  | 37,385 |  |

1,878,486 |  | 1,899,007 |  |

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

| 31.7.25 |  | 31.7.24

| Employees | 43 |  | 44 |  |

| 31.7.25 |  | 31.7.24

£ | £ |

| Directors' remuneration | 24,000 |  | 24,000 |  |

JOHN HYDE ENGINEERING LIMITED (REGISTERED NUMBER: 02305498)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

4. | OPERATING PROFIT

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

| 31.7.25 |  | 31.7.24

£ | £ |

| Hire of plant and machinery | 779,864 |  | 1,004,866 |  |

| Other operating leases | 98,560 |  | 101,760 |  |

| Depreciation - owned assets | 13,618 |  | 13,617 |  |

| Auditors' remuneration | 8,482 |  | 8,100 |  |

| Foreign exchange differences | (87,765 | ) | (79,250 | ) |

5. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 31.7.25 |  | 31.7.24

£ | £ |

| Group interest | 43,975 |  | 46,796 |  |

| Interest on overdue tax | - |  | 1,511 |  |

43,975 |  | 48,307 |  |

6. | TAXATION

| Analysis of the tax charge

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

| 31.7.25 |  | 31.7.24

£ | £ |

| Current tax:

| UK corporation tax | 182,474 |  | 170,690 |  |

| Deferred tax | (3,404 | ) | (3,404 | ) |

| Tax on profit | 179,070 |  | 167,286 |  |

| 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:

| 31.7.25 |  | 31.7.24

£ | £ |

| Profit before tax | 986,191 |  | 669,142 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 246,548 |  | 167,286 |  |

| Effects of:

| Group relief claimed | (67,478 | ) | - |  |

| enhanced deductions |

| Total tax charge | 179,070 |  | 167,286 |  |

JOHN HYDE ENGINEERING LIMITED (REGISTERED NUMBER: 02305498)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

7. | DIVIDENDS

| 31.7.25 |  | 31.7.24

£ | £ |

| Ordinary shares of £1 each

| Interim | 600,000 |  | 600,000 |  |

8. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

£ |

| COST

| At 1 August 2024

| and 31 July 2025 | 54,470 |  |

| DEPRECIATION

| At 1 August 2024 | 29,504 |  |

| Charge for year | 13,618 |  |

| At 31 July 2025 | 43,122 |  |

| NET BOOK VALUE

| At 31 July 2025 | 11,348 |  |

| At 31 July 2024 | 24,966 |  |

9. | STOCKS

| 31.7.25 |  | 31.7.24

£ | £ |

| Work-in-progress | 1,181,168 |  | 1,680,417 |  |

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

| 31.7.25 |  | 31.7.24

£ | £ |

| Trade debtors | 2,272,151 |  | 2,316,074 |  |

| Prepayments | 62,241 |  | 122,778 |  |

2,334,392 |  | 2,438,852 |  |

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

| 31.7.25 |  | 31.7.24

£ | £ |

| Trade creditors | 1,165,760 |  | 1,382,497 |  |

| Amounts owed to group undertakings | 149,947 |  | 739,397 |  |

| Tax | 182,474 |  | 172,207 |  |

| VAT | 307,568 |  | 324,634 |  |

| Accruals and deferred income | 171,192 |  | 601,182 |  |

1,976,941 |  | 3,219,917 |  |

JOHN HYDE ENGINEERING LIMITED (REGISTERED NUMBER: 02305498)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

12. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.7.25 |  | 31.7.24

£ | £ |

| Within one year | - |  | 1,386 |  |

13. | PROVISIONS FOR LIABILITIES

| 31.7.25 |  | 31.7.24

£ | £ |

| Deferred tax

| Accelerated capital allowances | 2,838 |  | 6,242 |  |

| Deferred |

| tax |

£ |

| Balance at 1 August 2024 | 6,242 |  |

| Balance at 31 July 2025 | 6,242 |  |

14. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.7.25 |  | 31.7.24

| value: | £ | £ |

| 150,000 | Ordinary | £1 | 150,000 |  | 150,000 |  |

15. | RELATED PARTY DISCLOSURES

| All transactions undertaken with the directors are deemed to be conducted under normal market conditions and/or are not material.

| The company has taken advantage of the exemption from the disclosures required by paragraph 33.1A of Financial Reporting Standard 102 regarding transactions between fellow group companies.

16. | EVENTS AFTER THE END OF THE REPORTING PERIOD

| There were no significant post balance sheet events up to the date of the approval of the financial statements by the board.

17. | ULTIMATE PARENT UNDERTAKING

| The ultimate parent company is Robert Hyde & Son (Holdings) Limited, a company in England and Wales. It's principal place of business and registered office is Hyde Park, City Road, Stoke-on-Trent, ST4 1DS.