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REGISTERED NUMBER: SC516316 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

Boat Electrics & Electronics (Holdings)

Ltd

| Boat Electrics & Electronics (Holdings) |

| Ltd (Registered number: SC516316) |

Contents of the Financial Statements

for the Year Ended 30 September 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Boat Electrics & Electronics (Holdings) |

| Ltd |

Company Information

for the Year Ended 30 September 2025

| DIRECTOR: | Mr S C H Coleman

| REGISTERED OFFICE: | Unit 4 Ailsa Business Park

| Kyle Road

| Irvine

| Ayrshire

| KA12 9LE

| REGISTERED NUMBER: | SC516316 (Scotland)

| ACCOUNTANTS: | Gillespie & Anderson

| Chartered Accountants

| Westburn Business Centre

| McNee Road

| Prestwick

| KA9 2PB

| Boat Electrics & Electronics (Holdings) |

| Ltd (Registered number: SC516316) |

Balance Sheet

30 September 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 10,200 |  | 10,200 |  |

CURRENT ASSETS

Debtors | 5 | 1,801,810 |  | 2,099,687 |  |

Cash at bank | 2,320,591 |  | 1,370,516 |  |

4,122,401 |  | 3,470,203 |  |

CREDITORS

Amounts falling due within one year | 6 | 19,198 |  | 20,946 |  |

NET CURRENT ASSETS | 4,103,203 |  | 3,449,257 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,113,403 |  | 3,459,457 |  |

CAPITAL AND RESERVES

Called up share capital | 3,701 |  | 3,701 |  |

Capital redemption reserve | 1,302 |  | 1,302 |  |

Retained earnings | 4,108,400 |  | 3,454,454 |  |

SHAREHOLDERS' FUNDS | 4,113,403 |  | 3,459,457 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 16 March 2026 and were signed by:

Mr S C H Coleman - Director

| Boat Electrics & Electronics (Holdings) |

| Ltd (Registered number: SC516316) |

Notes to the Financial Statements

for the Year Ended 30 September 2025

1. | STATUTORY INFORMATION

| Boat Electrics & Electronics (Holdings) Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of 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.

| Going concern

| The company does not have any reliance on external funding for the day to day financing of business activities. The directors manage cash flow on a regular basis to ensure sufficient funds are available to meet commitments as they fall due. Having made the appropriate enquiries the directors are satisfied that this will continue to be the case over the next 12 months and beyond and as such has prepared the accounts on a going concern basis.

| Preparation of consolidated financial statements

| The financial statements contain information about Boat Electrics & Electronics (Holdings) Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Related party exemption

| 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.

| Turnover/revenue recognition

| Sales comprise the fair value of the consideration received or receivable for the sale of goods and rendering of services in the ordinary course of the company's activities. Sales are presented, net of value-added tax, rebates and discounts.

| The company recognises revenue when the amount of revenue and related cost can be reliably measured, it is probable that the collectability of the related receivables is reasonably assured and when the specific criteria for each of the company's activities are met.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Boat Electrics & Electronics (Holdings) |

| Ltd (Registered number: SC516316) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality. The company has two main categories of financial instruments, which are loans and other receivables and other financial liabilities:

| Loans and other receivables

| Loans and other receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Upon recognition, these assets are measured at fair value less directly related transaction expenses. In successive periods these are measured at amortised cost, and any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value less any allowance for credit losses.

| Other financial liabilities

| Other financial liabilities are recognised initially at fair value, net of transaction costs incurred. In successive periods these are measured at amortised cost. Any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value.

| Impairment of financial instruments

| A provision for impairment is established when there is objective evidence that, as a result of one or more events that occurred after the initial recognition, the estimated future cash flows have been impacted.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash held by the company and short term bank deposits with an original maturity of three months or less from inception and are subject to insignificant risk of changes in value.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

| Boat Electrics & Electronics (Holdings) |

| Ltd (Registered number: SC516316) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

4. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 October 2024

| and 30 September 2025 | 10,200 |  |

| NET BOOK VALUE

| At 30 September 2025 | 10,200 |  |

| At 30 September 2024 | 10,200 |  |

5. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Amounts owed by group undertakings | 223,956 |  | 567,040 |  |

| Other debtors | 577,854 |  | 532,647 |  |

801,810 |  | 1,099,687 |  |

| Amounts falling due after more than one year:

| Amounts owed by group undertakings | 1,000,000 |  | 1,000,000 |  |

| Aggregate amounts | 1,801,810 |  | 2,099,687 |  |

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

2025 | 2024 |

£ | £ |

| Taxation and social security | 16,899 |  | 19,645 |  |

| Other creditors | 2,299 |  | 1,301 |  |

19,198 |  | 20,946 |  |

7. | ULTIMATE CONTROLLING PARTY

| Mr and Mrs S C H Coleman, are in ultimate control by virtue of their 100% shareholding in the company.