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REGISTERED NUMBER: 03573315 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| E.S. Systems Ltd |

| E.S. Systems Ltd (Registered number: 03573315) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| E.S. Systems Ltd |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | G Elliott

| A Elliott

| SECRETARY: | A Elliott

| REGISTERED OFFICE: | Systems House

| Fulforth Farm Witton Gilbert

| Durham

| County Durham

| DH7 6TU

| REGISTERED NUMBER: | 03573315 (England and Wales)

| ACCOUNTANTS: | Clive Owen LLP

| Chartered Accountants

| Kepier House

| Belmont Business Park

| Durham

| DH1 1TW

| E.S. Systems Ltd (Registered number: 03573315) |

Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 170,949 |  | 97,447 |  |

CURRENT ASSETS

Stocks | 5 | 42,152 |  | 12,876 |  |

Debtors | 6 | 299,751 |  | 225,955 |  |

Cash at bank and in hand | 64,963 |  | 109,462 |  |

406,866 |  | 348,293 |  |

CREDITORS

Amounts falling due within one year | 7 | 326,311 |  | 280,611 |  |

NET CURRENT ASSETS | 80,555 |  | 67,682 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 251,504 |  | 165,129 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (174,478 | ) | (52,785 | ) |

PROVISIONS FOR LIABILITIES | 10 | (32,025 | ) | (41,526 | ) |

NET ASSETS | 45,001 |  | 70,818 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 900 |  | 900 |  |

Retained earnings | 44,101 |  | 69,918 |  |

SHAREHOLDERS' FUNDS | 45,001 |  | 70,818 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

| E.S. Systems Ltd (Registered number: 03573315) |

Balance Sheet - continued

31 March 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2026 and were signed on its behalf by:

G Elliott - Director

| E.S. Systems Ltd (Registered number: 03573315) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| E.S. Systems 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 Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| There were no material departures from the standard.

| The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

| Going concern

| The directors assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date the financial statements are approved.

| The financial statements are prepared on the going concern basis which assumes that the company will continue to trade with the continued support of the director. If the company is unable to continue to trade, adjustments would be required to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that might arise and to analyse long term liabilities as current liabilities.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Income recognition

| Revenue is recognised as the service is produced and invoiced.

| 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 | - | 10% on reducing balance

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

| Motor vehicles | - | 20% on reducing balance

| Computer equipment | - | 10% on reducing balance

| Tangible fixed assets are measured at cost less any depreciation and impairment.

| Government grants

| Revenue based grants are credited to the profit and loss account in the period to which they relate.

| Stocks

| Stocks and work in progress are valued at the lower of cost and selling price less estimated costs to sell, after making due allowance for obsolete and slow moving items.

| Financial instruments

| Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

| E.S. Systems Ltd (Registered number: 03573315) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

| 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.

| 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.

| Pension costs and other post-retirement benefits

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

| Share based payments

| E.S. Systems Ltd issues equity-settled share options to certain employees within the company.

| Equity-settled share-based payment transactions are measured at fair value (excluding the effect of non market-based vesting conditions) at the date of the grant.

| The fair value determined at the grant date of the equity-settled share-based payments is expensed on a straight-line basis over the vesting year, based on E.S. Systems Ltd estimate of shares that will eventually vest, and adjusted for the effect of non market-based vesting conditions.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 9 (2024 - 11 ) .

| E.S. Systems Ltd (Registered number: 03573315) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |  | Computer |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 April 2024 | 16,782 |  | 21,465 |  | 95,170 |  | 14,938 |  | 148,355 |  |

| Additions | 6,442 |  | 4,263 |  | 104,491 |  | 2,738 |  | 117,934 |  |

| Disposals | (8,926 | ) | (7,483 | ) | (30,688 | ) | - |  | (47,097 | ) |

| At 31 March 2025 | 14,298 |  | 18,245 |  | 168,973 |  | 17,676 |  | 219,192 |  |

| DEPRECIATION

| At 1 April 2024 | 7,672 |  | 7,671 |  | 32,011 |  | 3,554 |  | 50,908 |  |

| Charge for year | 972 |  | 1,269 |  | 10,734 |  | 1,227 |  | 14,202 |  |

| Eliminated on disposal | (6,298 | ) | (4,431 | ) | (6,138 | ) | - |  | (16,867 | ) |

| At 31 March 2025 | 2,346 |  | 4,509 |  | 36,607 |  | 4,781 |  | 48,243 |  |

| NET BOOK VALUE

| At 31 March 2025 | 11,952 |  | 13,736 |  | 132,366 |  | 12,895 |  | 170,949 |  |

| At 31 March 2024 | 9,110 |  | 13,794 |  | 63,159 |  | 11,384 |  | 97,447 |  |

5. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 24,552 |  | 12,876 |  |

| Work-in-progress | 17,600 |  | - |  |

42,152 |  | 12,876 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 72,843 |  | 93,121 |  |

| Other debtors | 48,138 |  | - |  |

| Directors' current accounts | 176,244 |  | 124,312 |  |

| Prepayments and accrued income | 2,526 |  | 8,522 |  |

299,751 |  | 225,955 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 76,827 |  | - |  |

| Hire purchase contracts | 23,070 |  | 10,615 |  |

| Trade creditors | 130,931 |  | 175,370 |  |

| Taxation and social security | 56,890 |  | 48,639 |  |

| Other creditors | 34,593 |  | 42,837 |  |

| Accruals and deferred income | 4,000 |  | 3,150 |  |

326,311 |  | 280,611 |  |

| E.S. Systems Ltd (Registered number: 03573315) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

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

2025 | 2024 |

£ | £ |

| Bank loans - 1-2 years | 71,609 |  | - |  |

| Hire purchase contracts | 102,869 |  | 52,785 |  |

174,478 |  | 52,785 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 125,939 |  | 63,400 |  |

| Hire purchase contracts are secured on the assets to which they relate.

10. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 32,025 |  | 41,526 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 41,526 |  |

| Accelerated capital allowances | (9,501 | ) |

| Balance at 31 March 2025 | 32,025 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 90,000 | Ordinary | £0.01 | 900 |  | 900 |  |

12. | CONTINGENT LIABILITIES

| The company has an unlimited cross guarantee and debenture given to G Elliott Partnership. At 31 March 2025 this contingent liability amounted to £303,750 (2024: £0).

| E.S. Systems Ltd (Registered number: 03573315) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025 | 2024 |

£ | £ |

| G Elliott

| Balance outstanding at start of year | 62,156 |  | - |  |

| Amounts advanced | 199,717 |  | 91,162 |  |

| Amounts repaid | (173,751 | ) | (29,006 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 88,122 |  | 62,156 |  |

| A Elliott

| Balance outstanding at start of year | 62,156 |  | - |  |

| Amounts advanced | 51,468 |  | 91,162 |  |

| Amounts repaid | (25,502 | ) | (29,006 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 88,122 |  | 62,156 |  |

14. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group or those at a market rate.

| There were no related party transactions other than those concluded under normal market conditions, except for those shown below.

|  | 2025 |  |  | 2024 |

|  | £ |  |  | £ |

| Amounts due from directors |  | 176,244 |  |  | 124,312 |

| No interest has been charged.

15. | SHARE-BASED PAYMENT TRANSACTIONS

| The company has a Share Option Scheme in place, the directors believe the fair value of the options granted to be £Nil as at 31 March 2025.

| The number of share options in issue as at 31 March 2025 is 7,500 (2024: nil) with 7,500 being issued (2024: nil) and a reversal of nil in the year ended 31 March 2025 (2024: nil).