IRIS Accounts Production v25.4.0.155 07050671 Board of Directors 1.11.24 31.10.25 31.10.25 Medium entities true false true true false 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 07050671 2024-10-31 07050671 2025-10-31 07050671 2024-11-01 2025-10-31 07050671 2023-10-31 07050671 2023-11-01 2024-10-31 07050671 2024-10-31 07050671 ns15:EnglandWales 2024-11-01 2025-10-31 07050671 ns14:PoundSterling 2024-11-01 2025-10-31 07050671 ns10:Director1 2024-11-01 2025-10-31 07050671 ns10:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 07050671 ns10:MediumEntities 2024-11-01 2025-10-31 07050671 ns10:Audited 2024-11-01 2025-10-31 07050671 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-11-01 2025-10-31 07050671 ns10:Medium-sizedCompaniesRegimeForAccounts 2024-11-01 2025-10-31 07050671 ns10:FullAccounts 2024-11-01 2025-10-31 07050671 1 2024-11-01 2025-10-31 07050671 ns10:OrdinaryShareClass1 2024-11-01 2025-10-31 07050671 ns10:Director2 2024-11-01 2025-10-31 07050671 ns10:Director4 2024-11-01 2025-10-31 07050671 ns10:Director5 2024-11-01 2025-10-31 07050671 ns10:RegisteredOffice 2024-11-01 2025-10-31 07050671 ns10:Director3 2024-11-01 2025-10-31 07050671 ns5:CurrentFinancialInstruments 2025-10-31 07050671 ns5:CurrentFinancialInstruments 2024-10-31 07050671 ns5:ShareCapital 2025-10-31 07050671 ns5:ShareCapital 2024-10-31 07050671 ns5:RetainedEarningsAccumulatedLosses 2025-10-31 07050671 ns5:RetainedEarningsAccumulatedLosses 2024-10-31 07050671 ns5:ShareCapital 2023-10-31 07050671 ns5:RetainedEarningsAccumulatedLosses 2023-10-31 07050671 ns5:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 07050671 ns5:RetainedEarningsAccumulatedLosses 2024-11-01 2025-10-31 07050671 ns5:NetGoodwill 2024-11-01 2025-10-31 07050671 ns5:IntangibleAssetsOtherThanGoodwill 2024-11-01 2025-10-31 07050671 ns5:ComputerSoftware 2024-11-01 2025-10-31 07050671 ns5:PlantMachinery 2024-11-01 2025-10-31 07050671 ns5:FurnitureFittings 2024-11-01 2025-10-31 07050671 ns10:HighestPaidDirector 2024-11-01 2025-10-31 07050671 ns10:HighestPaidDirector 2023-11-01 2024-10-31 07050671 ns5:PlantEquipmentOtherAssetsUnderOperatingLeases 2024-11-01 2025-10-31 07050671 ns5:PlantEquipmentOtherAssetsUnderOperatingLeases 2023-11-01 2024-10-31 07050671 ns5:OwnedAssets 2024-11-01 2025-10-31 07050671 ns5:OwnedAssets 2023-11-01 2024-10-31 07050671 ns5:ComputerSoftware 2023-11-01 2024-10-31 07050671 1 2024-11-01 2025-10-31 07050671 1 2023-11-01 2024-10-31 07050671 2 2024-11-01 2025-10-31 07050671 2 2023-11-01 2024-10-31 07050671 ns10:OrdinaryShareClass1 2023-11-01 2024-10-31 07050671 ns5:NetGoodwill 2024-10-31 07050671 ns5:ComputerSoftware 2024-10-31 07050671 ns5:NetGoodwill 2025-10-31 07050671 ns5:ComputerSoftware 2025-10-31 07050671 ns5:NetGoodwill 2024-10-31 07050671 ns5:ComputerSoftware 2024-10-31 07050671 ns5:PlantMachinery 2024-10-31 07050671 ns5:FurnitureFittings 2024-10-31 07050671 ns5:PlantMachinery 2025-10-31 07050671 ns5:FurnitureFittings 2025-10-31 07050671 ns5:PlantMachinery 2024-10-31 07050671 ns5:FurnitureFittings 2024-10-31 07050671 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-10-31 07050671 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-10-31 07050671 ns5:WithinOneYear 2025-10-31 07050671 ns5:WithinOneYear 2024-10-31 07050671 ns5:BetweenOneFiveYears 2025-10-31 07050671 ns5:BetweenOneFiveYears 2024-10-31 07050671 ns5:AllPeriods 2025-10-31 07050671 ns5:AllPeriods 2024-10-31 07050671 ns5:DeferredTaxation 2024-10-31 07050671 ns5:DeferredTaxation 2024-11-01 2025-10-31 07050671 ns5:DeferredTaxation 2025-10-31 07050671 ns10:OrdinaryShareClass1 2025-10-31 07050671 ns5:RetainedEarningsAccumulatedLosses 2024-10-31 07050671 ns10:Director1 1 2024-10-31 07050671 ns10:Director1 1 2023-10-31 07050671 ns10:Director1 1 2024-11-01 2025-10-31 07050671 ns10:Director1 1 2023-11-01 2024-10-31 07050671 ns10:Director1 1 2025-10-31 07050671 ns10:Director1 1 2024-10-31 07050671 ns10:Director4 4 2024-10-31 07050671 ns10:Director4 4 2023-10-31 07050671 ns10:Director4 4 2024-11-01 2025-10-31 07050671 ns10:Director4 4 2023-11-01 2024-10-31 07050671 ns10:Director4 4 2025-10-31 07050671 ns10:Director4 4 2024-10-31

REGISTERED NUMBER: 07050671 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 October 2025

for

Leeds Galvanising & Powder Coating

Limited

| Leeds Galvanising & Powder Coating |

| Limited (Registered number: 07050671) |

Contents of the Financial Statements

for the Year Ended 31 October 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 3 |

| Report of the Independent Auditors | 5 |

| Income Statement | 7 |

| Balance Sheet | 8 |

| Statement of Changes in Equity | 9 |

| Notes to the Financial Statements | 10 |

| Leeds Galvanising & Powder Coating |

| Limited |

Company Information

for the Year Ended 31 October 2025

| DIRECTORS: | D Cox

| S P Kelly

| S L Kelly

| R Mathers

| REGISTERED OFFICE: | Unit 1 Albion Park

| Armley Road

| Leeds

| LS12 2EJ

| REGISTERED NUMBER: | 07050671 (England and Wales)

| AUDITORS: | KJA Kilner Johnson Ltd (Statutory Auditors)

| Woodland House

| Woodland Park

| Bradford Road

| Cleckheaton

| BD19 6BW

| Leeds Galvanising & Powder Coating |

| Limited (Registered number: 07050671) |

Strategic Report

for the Year Ended 31 October 2025

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

PRINCIPAL ACTIVTY

The principal activitites of the company were those of hot dip galvanising, powder coating and shot blasting on mild steel fabrications.

REVIEW OF BUSINESS

The company has achieved turnover of £10,109,985 (2024: £9,876,163) which represents a marked improvement of £233,822. Gross Profit for the year is slightly down to £4,340,056 (2024: £4,414,816) and Gross Profit margin for the year is 42.9% (2024: 44.7%).

The results have been driven by a continuation of the prior period strategy of concentrating on high margin work. The price of commodities has experienced similar volatility as seen in the prior period, with the significant price fluctuations during the year. However, the directors believe the high stock holding of commodities, as well as their market insight through close working relationships with suppliers has allowed them to navigate the uncertainty well.

The operating profit for the period has increased by £270,058 to £2,426,319 (2024: £2,156,261), and the marked improvement is due to stringent cost control of operating expenditure.

Given the challenging conditions over the last couple of years, the directors consider the results to be positive and an affirmation of their business as the largest galvanising plant in the north of England.

PRINCIPAL RISKS AND UNCERTAINTIES

The risks to the Company are assessed on a regular basis through a number of metrics. This includes regular analysis of commodity price exposure particularly in respect of Zinc.

Further assessments in respect of risks associated with customers, financial exposure, suppliers, and liquidity along with health, safety and environment are undertaken periodically in line with our ISO9001, 14001 and 45001 accreditations.

KEY PERFORMANCE INDICATORS

The directors and management regularly review the operating parameters of the company and employ a broad range of Key Performance Indicators (KPI's) covering all aspects of our operations including financial and non-financial targets to monitor the business performance as a whole.

These processes and targets are well known to staff and the directors uphold the strong belief that no employees are incentivised through volume, with Quality, Health, Safety and Environment being the core areas that the company drives it culture upon.

STRATEGY

A cornerstone of our success is to ensure that we meet the demands of our customers when rendered our services. Key to this is maintaining a strong working relationship with our suppliers, working alongside them to give our customers the quality they receive. Sourcing metals responsibly is paramount to our business, and we ensure we work with suppliers who share our ethical principles.

The health, safety, welfare and development of our employees remain at the forefront of the directors' concerns, and the company continues to monitor all aspects of these on a regular basis in line with our ISO45001 accreditation. No financial restraints are made by the board in these areas allowing management to make decisions on the improvement of Health & Safety and Welfare autonomously.

Furthermore, the company employs significant resource towards training and development, allowing transparent growth for employees to develop skills and understanding of our processes and in-turn, salary increases.

ON BEHALF OF THE BOARD:

S P Kelly - Director

12 March 2026

| Leeds Galvanising & Powder Coating |

| Limited (Registered number: 07050671) |

Report of the Directors

for the Year Ended 31 October 2025

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of galvanising and powder coating.

DIVIDENDS

An interim dividend of £654,843 per share was paid on 6 October 2025. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 October 2025 will be £ 654,843 .

DIRECTORS

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

D Cox

S P Kelly

S L Kelly

R Mathers

Other changes in directors holding office are as follows:

A Lawrence - resigned 15 November 2024

DONATIONS AND EXPENDITURE

During the year, the company has made charitable donations of £4,219.

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.

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.

| Leeds Galvanising & Powder Coating |

| Limited (Registered number: 07050671) |

Report of the Directors

for the Year Ended 31 October 2025

AUDITORS

The auditors, KJA Kilner Johnson Ltd (Statutory Auditors), will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

S P Kelly - Director

12 March 2026

Report of the Independent Auditors to the Members of

Leeds Galvanising & Powder Coating

Limited

Opinion

We have audited the financial statements of Leeds Galvanising & Powder Coating Limited (the 'company') for the year ended 31 October 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 October 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.

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.

Report of the Independent Auditors to the Members of

Leeds Galvanising & Powder Coating

Limited

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, 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.

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:

While planning our audit, we have made enquiries of management and those charged with governance around any actual or potential litigation and claims against the company for non-compliance with specific laws and regulations. The same has been done in respect of any instances of fraud or irregularities. The responses received have been communicated with the engagement team at the planning stage.

We have not been informed of any specific laws or regulatory related issues that could materially impact the financial statements in addition to this, there has been no suspected fraud or irregularities reported to us. While planning our audit the engagement partner selected appropriately trained staff to be engaged in the audit and the team are allocated based on their competence and capabilities.

The audit work undertaken is a substantive work based audit approach, reviewing to source documentation where appropriate and includes a review and walkthrough of the systems which management have put in place.These tests are directional. Therefore, they are designed in a way to maximise audit effectiveness and the possible identification of any material fraud, irregularities, or instances of systems and procedure breaches. Our testing did not identify any issues that requires any additional reporting.

These tests and other areas of our audit work are designed to enhance our ability to detect cases of material fraud and certain irregularities. It should be noted that our audit is carried out using a material based approach and therefore does not test every transaction, as such it would not detect all instances of irregularities and specifically fraud which is inherently more difficult to detect.

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 Auditors.

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.

Raza Effendi (Senior Statutory Auditor)

for and on behalf of KJA Kilner Johnson Ltd (Statutory Auditors)

Woodland House

Woodland Park

Bradford Road

Cleckheaton

BD19 6BW

12 March 2026

| Leeds Galvanising & Powder Coating |

| Limited (Registered number: 07050671) |

Income Statement

for the Year Ended 31 October 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 10,109,985 |  | 9,876,163 |  |

Cost of sales | 5,769,929 |  | 5,461,347 |  |

GROSS PROFIT | 4,340,056 |  | 4,414,816 |  |

Administrative expenses | 1,923,163 |  | 2,258,555 |  |

2,416,893 |  | 2,156,261 |  |

Other operating income | 9,426 |  | - |  |

OPERATING PROFIT | 4 | 2,426,319 |  | 2,156,261 |  |

Interest receivable and similar income | - |  | 7,707 |  |

2,426,319 |  | 2,163,968 |  |

Interest payable and similar expenses | 5 | 1,939 |  | - |  |

PROFIT BEFORE TAXATION | 2,424,380 |  | 2,163,968 |  |

Tax on profit | 6 | 568,207 |  | 486,399 |  |

PROFIT FOR THE FINANCIAL YEAR | 1,856,173 |  | 1,677,569 |  |

| Leeds Galvanising & Powder Coating |

| Limited (Registered number: 07050671) |

Balance Sheet

31 October 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 8 | 48,217 |  | 52,168 |  |

Tangible assets | 9 | 469,534 |  | 496,934 |  |

517,751 |  | 549,102 |  |

CURRENT ASSETS

Stocks | 10 | 717,723 |  | 736,582 |  |

Debtors | 11 | 2,536,515 |  | 2,596,374 |  |

Cash at bank and in hand | 1,478,804 |  | 411,127 |  |

4,733,042 |  | 3,744,083 |  |

CREDITORS

Amounts falling due within one year | 12 | 923,016 |  | 1,159,886 |  |

NET CURRENT ASSETS | 3,810,026 |  | 2,584,197 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,327,777 |  | 3,133,299 |  |

PROVISIONS FOR LIABILITIES | 16 | 117,382 |  | 124,234 |  |

NET ASSETS | 4,210,395 |  | 3,009,065 |  |

CAPITAL AND RESERVES

Called up share capital | 17 | 1 |  | 1 |  |

Retained earnings | 18 | 4,210,394 |  | 3,009,064 |  |

SHAREHOLDERS' FUNDS | 4,210,395 |  | 3,009,065 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2026 and were signed on its behalf by:

S P Kelly - Director

| Leeds Galvanising & Powder Coating |

| Limited (Registered number: 07050671) |

Statement of Changes in Equity

for the Year Ended 31 October 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 November 2023 | 1 |  | 7,030,054 |  | 7,030,055 |  |

Changes in equity

Dividends | - |  | (5,698,559 | ) | (5,698,559 | ) |

Total comprehensive income | - |  | 1,677,569 |  | 1,677,569 |  |

Balance at 31 October 2024 | 1 |  | 3,009,064 |  | 3,009,065 |  |

Changes in equity

Dividends | - |  | (654,843 | ) | (654,843 | ) |

Total comprehensive income | - |  | 1,856,173 |  | 1,856,173 |  |

Balance at 31 October 2025 | 1 |  | 4,210,394 |  | 4,210,395 |  |

| Leeds Galvanising & Powder Coating |

| Limited (Registered number: 07050671) |

Notes to the Financial Statements

for the Year Ended 31 October 2025

1. | STATUTORY INFORMATION

| Leeds Galvanising & Powder Coating Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| 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.

| Turnover

| Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

| The company recognises revenue when:

| - The amount of revenue can be reliably measured;

| - It is probable that future economic benefits will flow to the entity and;

| - Specific criteria have been met for each of the company's activities.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

| Goodwill is fully amortised.

| 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.

| Computer software is being amortised evenly over its estimated useful life of fifteen years.

| Tangible fixed assets

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

| Plant and machinery | - | 15% reducing balance

| Fixtures and fittings | - | 15% reducing balance

| Government grants

| Revenue-based grants received are accrued and credited to the Profit and Loss Account in the same period that the related expenditure is incurred.

| Capital-based grants and contributions received are credited in full to the Profit and Loss Account on receipt, where there are no conditions attached to its use. Where there are conditions attached to its use, the receipts are credited in the year that the capital expenditure is incurred.

| Leeds Galvanising & Powder Coating |

| Limited (Registered number: 07050671) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

| The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

| 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 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.

| 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.

| Hire purchase and leasing commitments

| 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 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.

3. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 3,065,877 |  | 2,808,356 |  |

| Social security costs | 346,927 |  | 277,422 |  |

| Other pension costs | 59,801 |  | 46,641 |  |

3,472,605 |  | 3,132,419 |  |

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

| 2025 |  | 2024

| Production | 68 |  | 65 |  |

| Administration & Support | 12 |  | 11 |  |

| Distribution | 6 |  | 6 |  |

86 |  | 82 |  |

| Leeds Galvanising & Powder Coating |

| Limited (Registered number: 07050671) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

3. | EMPLOYEES AND DIRECTORS - continued

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 201,125 |  | 200,892 |  |

| Information regarding the highest paid director is as follows:

| 2025 |  | 2024

£ | £ |

| Emoluments etc | 196,284 |  | 200,892 |  |

4. | OPERATING PROFIT

| The operating profit is stated after charging:

| 2025 |  | 2024

£ | £ |

| Hire of plant and machinery | 43,556 |  | 84,614 |  |

| Other operating leases | 223,859 |  | 288,813 |  |

| Depreciation - owned assets | 79,146 |  | 87,694 |  |

| Computer software amortisation | 3,951 |  | 3,992 |  |

| Auditors' remuneration | 12,875 |  | 14,750 |  |

| Foreign exchange differences | 1,422 |  | 1,429 |  |

5. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| HMRC Interest paid | 1,900 |  | - |  |

| Penalties & Fines | 39 |  | - |  |

1,939 |  | - |  |

6. | TAXATION

| Analysis of the tax charge

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

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 575,056 |  | 489,211 |  |

| Deferred tax | (6,849 | ) | (2,812 | ) |

| Tax on profit | 568,207 |  | 486,399 |  |

| Leeds Galvanising & Powder Coating |

| Limited (Registered number: 07050671) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

6. | TAXATION - continued

| 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:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 2,424,380 |  | 2,163,968 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 606,095 |  | 540,992 |  |

| Effects of:

| Expenses not deductible for tax purposes | 20,941 |  | 481 |  |

| Depreciation in excess of capital allowances | 7,838 |  | 3,809 |  |

| Research & development credit | (30,360 | ) | (55,074 | ) |

| 2024 R&D refund due | (29,458 | ) | - |  |

| Deferred tax movement | (6,849 | ) | (2,812 | ) |

| Other reconciling items | - |  | (997 | ) |

| Total tax charge | 568,207 |  | 486,399 |  |

7. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary share of 1

| Interim | 654,843 |  | 5,698,559 |  |

8. | INTANGIBLE FIXED ASSETS

| Computer |

| Goodwill |  | software |  | Totals

£ | £ | £ |

| COST

| At 1 November 2024

| and 31 October 2025 | 91,427 |  | 60,786 |  | 152,213 |  |

| AMORTISATION

| At 1 November 2024 | 91,427 |  | 8,618 |  | 100,045 |  |

| Amortisation for year | - |  | 3,951 |  | 3,951 |  |

| At 31 October 2025 | 91,427 |  | 12,569 |  | 103,996 |  |

| NET BOOK VALUE

| At 31 October 2025 | - |  | 48,217 |  | 48,217 |  |

| At 31 October 2024 | - |  | 52,168 |  | 52,168 |  |

| Leeds Galvanising & Powder Coating |

| Limited (Registered number: 07050671) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

9. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |

| machinery |  | fittings |  | Totals

£ | £ | £ |

| COST

| At 1 November 2024 | 1,899,480 |  | 150,271 |  | 2,049,751 |  |

| Additions | 51,456 |  | 290 |  | 51,746 |  |

| At 31 October 2025 | 1,950,936 |  | 150,561 |  | 2,101,497 |  |

| DEPRECIATION

| At 1 November 2024 | 1,433,357 |  | 119,460 |  | 1,552,817 |  |

| Charge for year | 74,509 |  | 4,637 |  | 79,146 |  |

| At 31 October 2025 | 1,507,866 |  | 124,097 |  | 1,631,963 |  |

| NET BOOK VALUE

| At 31 October 2025 | 443,070 |  | 26,464 |  | 469,534 |  |

| At 31 October 2024 | 466,123 |  | 30,811 |  | 496,934 |  |

10. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 717,723 |  | 736,582 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 2,333,112 |  | 2,572,528 |  |

| Other debtors | 730 |  | 731 |  |

| Directors' current accounts | 110,898 |  | - |  |

| Tax | 67,781 |  | - |  |

| Prepayments | 23,994 |  | 23,115 |  |

2,536,515 |  | 2,596,374 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 13) | - |  | 27,263 |  |

| Trade creditors | 216,727 |  | 206,118 |  |

| Tax | - |  | 355,301 |  |

| Social security and other taxes | 70,654 |  | 45,713 |  |

| VAT | 336,769 |  | 272,115 |  |

| Other creditors | 14,896 |  | 8,453 |  |

| Pension | 23,074 |  | (856 | ) |

| Directors' current accounts | - |  | 30,288 |  |

| Accrued expenses | 260,896 |  | 215,491 |  |

923,016 |  | 1,159,886 |  |

| Leeds Galvanising & Powder Coating |

| Limited (Registered number: 07050671) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

13. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank overdrafts | - |  | 27,263 |  |

14. | LEASING AGREEMENTS

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

2025 | 2024 |

£ | £ |

| Within one year | 321,740 |  | 338,922 |  |

| Between one and five years | 569,984 |  | 891,724 |  |

891,724 |  | 1,230,646 |  |

15. | SECURED DEBTS

| The company has a invoice discounting facility with it's bankers Lloyds Bank Commercial Finance. The facility is secured with a fixed and floating charge over company assets.

16. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 117,382 |  | 124,234 |  |

| Deferred |

| tax |

£ |

| Balance at 1 November 2024 | 124,234 |  |

| Provided during year | (6,852 | ) |

| Balance at 31 October 2025 | 117,382 |  |

17. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 1 | Ordinary | 1 | 1 |  | 1 |  |

18. | RESERVES

| Retained

| earnings

£ |

| At 1 November 2024 | 3,009,064 |  |

| Profit for the year | 1,856,173 |  |

| Dividends | (654,843 | ) |

| At 31 October 2025 | 4,210,394 |  |

| Leeds Galvanising & Powder Coating |

| Limited (Registered number: 07050671) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

19. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025 | 2024 |

£ | £ |

| S P Kelly

| Balance outstanding at start of year | (30,289 | ) | 2,183,977 |  |

| Amounts advanced | 736,189 |  | 3,379,582 |  |

| Amounts repaid | (705,001 | ) | (5,593,848 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 899 |  | (30,289 | ) |

| S L Kelly

| Balance outstanding at start of year | - |  | - |  |

| Amounts advanced | 110,000 |  | - |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 110,000 |  | - |  |

20. | RELATED PARTY DISCLOSURES

| Included in other creditors is £nil (2024 - £3,005) due to Kutchakelly Enterprises Limited, a company under common control.

21. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Leeds Galvanising Ownership Trustees Limited.