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REGISTERED NUMBER: 06885456 (England and Wales)

| Strategic Report, Report of the Directors and |

| Financial Statements |

| for the Year Ended 30 June 2025 |

| for |

| Yorpower Limited |

| Yorpower Limited (Registered number: 06885456) |

Contents of the Financial Statements

for the Year Ended 30 June 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 3 |

| Report of the Independent Auditors | 5 |

| Profit and Loss Account | 9 |

| Other Comprehensive Income | 10 |

| Balance Sheet | 11 |

| Statement of Changes in Equity | 12 |

| Cash Flow Statement | 13 |

| Notes to the Cash Flow Statement | 14 |

| Notes to the Financial Statements | 15 |

| Yorpower Limited |

Company Information

for the Year Ended 30 June 2025

| DIRECTORS: | A J Brimble

| S J Peal

| SECRETARY: | R Brimble

| REGISTERED OFFICE: | Electricity Building

| Unit 2 Hurricane Close

| Sherburn-In-Elmet

| North Yorkshire

| LS25 6PB

| REGISTERED NUMBER: | 06885456 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Phillipa Symington ACA CA(SA)

| AUDITORS: | Clive Owen LLP

| Chartered Accountants

| & Statutory Auditors

| Oak Tree House, Harwood Road

| Northminster Business Park

| Upper Poppleton

| York

| YO26 6QU

| Yorpower Limited (Registered number: 06885456) |

Strategic Report

for the Year Ended 30 June 2025

The directors present their strategic report for the year ended 30 June 2025.

BUSINESS OVERVIEW

The principal activity of Yorpower Limited during the year was the sale, installation and service of diesel generators, UPS systems and ancillary items.

The Company continued to operate within its core markets during the year, delivering products and services in line with strategic objectives.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risks and uncertainties facing the Company relate to credit risk, liquidity risk, cash flow risk and price risk. A detailed description of these risks and the associated mitigating actions is set out in the Directors' Report.

FINANCIAL PERFORMANCE AND KEY PERFORMANCE INDICATORS

The company has seen a significant increase on prior year turnover due to an upturn in activity across most sectors. Both the UK and export markets have been buoyant although the November 2025 budget has certainly dented confidence in the UK construction market towards the end of the financial year.

This, together with other geo-political tensions across the Middle East and Asia, have meant a sluggish start to the new financial year. However, the directors remain confident that a similar level of turnover and profitability will be sustained in 2026.

For further detail on movements in net assets refer to the Balance Sheet.

The Directors assess the Company's performance using a combination of financial and non-financial key performance indicators.

Key financial measures include revenue growth, profitability, cash generation and working capital management. Non-financial indicators such as customer and employee metrics are also monitored to support the Company's long term strategic objectives.

ON BEHALF OF THE BOARD:

A J Brimble - Director

18 March 2026

| Yorpower Limited (Registered number: 06885456) |

Report of the Directors

for the Year Ended 30 June 2025

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the sale, installation and service of diesel generators, UPS systems and ancillary items.

DIVIDENDS

The directors recommend the payment of an interim dividend of £50,000 in respect of the year ended 30 June 2025.

FUTURE DEVELOPMENTS

The directors do not anticipate any significant changes to the company’s operations in the forthcoming financial year. The business will continue to operate in line with its existing strategy, and there are no major investment plans, structural changes, or developments expected that would materially impact the company’s activities.

DIRECTORS

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

A J Brimble

S J Peal

POLITICAL DONATIONS AND EXPENDITURE

The Company made no political donations or incurred any political expenditure during the period.

RESULTS AND PERFORMANCE

Yorpower Limited's ("the Company") key financial and other performance indicators during the year were as follows:

| 2025 |  | 2024 |

£ |  | £ |  |

Net Assets Attributable to Unit Holders |  | 2,856,876 |  | 2,494,327 |

Revenue |  | 17,000,986 |  | 14,724,163 |

Refer to the Balance Sheet for the detail behind the Company's assets, liabilities and retained earnings.

PRINCIPAL RISKS AND UNCERTAINTIES

The management of the business and execution of the Company strategy are subject to a number of risks. The principal risks affecting the Company are credit risk, liquidity and cash flow risk, and price risk.

Credit risk

Credit risk is the risk to the Company if a counterparty fails to meet its obligations under a financial instrument or customer contract, leading to financial loss. The Company is exposed to credit risk through its holding of cash and bank balances, and through aged receivables balances due to the Company. The Company's cash at bank is held with reputable UK banks on current and deposit accounts. The credit risk for trade and other receivables is low due to the fact that the company manages credit risk by maintaining robust internal controls over customer onboarding, credit assessment and ongoing exposure monitoring.

Liquidity and cash flow risk

The Company's objective is to maintain a balance between continuity of funding and net operating income to fund capital improvements. The Company manages liquidity and cash flow risk by monitoring budgets of investment projects and operations and by forecasting operating cash flow.

Price risk

The Company manages price risk by monitoring market trends and reviewing key input costs regularly. The Company uses diversified sourcing, contractual pricing where possible, and periodic pricing reviews to limit the impact of market and foreign exchange fluctuations on margin.

| Yorpower Limited (Registered number: 06885456) |

Report of the Directors

for the Year Ended 30 June 2025

BUSINESS RELATIONSHIPS

The directors maintained strong relationships with suppliers, customers and other stakeholders, and this informed key decisions during the year. This focus supported the Company's operations and long-term objectives.

SUBSEQUENT EVENTS

The Company evaluated all material subsequent events through to the date the financial statements were issued. There were no material events which occurred subsequent to 30 June 2025.

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 ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Clive Owen LLP, have been appointed. This is the first year the Company is subject to audit, having previously claimed exemption from audit under the small companies regime as permitted by the Companies Act 2006.

ON BEHALF OF THE BOARD:

A J Brimble - Director

18 March 2026

Report of the Independent Auditors to the Members of

Yorpower Limited

Qualified Opinion

We have audited the financial statements of Yorpower Limited (the 'company') for the year ended 30 June 2025 which comprise the Profit and Loss Account, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion, except for the possible effects of the matter described in the basis for qualified opinion section, the financial statements:

- |  | give a true and fair view of the state of the company's affairs as at 30 June 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 qualified opinion

We were appointed as auditors of the Company for the year ended 30 June 2025 and did not attend the physical inventory count at the beginning of the period. Due to the nature of the Company’s records, we were unable to satisfy ourselves by alternative audit procedures concerning the quantities and condition of inventories held at 1 July 2024. Inventories at the beginning of the period affect the determination of the financial performance and cash flows for the year ended 30 June 2025. We were therefore unable to determine whether any adjustments might have been necessary to opening inventories, cost of sales, profit for the year, and the related elements of the statement of financial position.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's 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 qualified 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.

Report of the Independent Auditors to the Members of

Yorpower Limited

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.

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

Yorpower 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:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, to detect material misstatements in respect of irregularities, including fraud. Our audit must be alert to the risk of manipulation of the financial statements and seek to understand the incentives and opportunities for management to achieve this.

We undertake the following procedures to identify and respond to these risks of non-compliance:

Identifying and testing unusual journal entries, with a particular focus on manual journal entries.

- |  | Understanding the key legal and regulatory frameworks that are applicable to the Company. We communicated identified laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit. We determined the most significant of these to be financial reporting legislation, taxation legislation, food standards agency, fire precautions, health & safety, GDPR and employment law. |

- |  | Enquiry of directors and management as to policies and procedures to ensure compliance and any known instances of non-compliance. |

- |  | Review of board minutes and other relevant communication with the company and those charged with governance. |

- |  | Enquiry of directors and management as to areas of the financial statements susceptible to fraud and how these risks are managed. |

- |  | Challenging management on key estimates, assumptions and judgements made in the preparation of the financial statements. We consider the valuation of stock, and project completion costs, to be areas with key estimates. |

- |  | Identifying and testing unusual journal entries, with a particular focus on manual journal entries. |

Through these procedures, we did not become aware of actual or suspected non-compliance.

We planned and performed our audit in accordance with auditing standards but owing to the inherent limitations of procedures required in these areas, there is an unavoidable risk that we may not have detected a material misstatement in the accounts. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve concealment, collusion, forgery, misrepresentations, or override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

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.

Other matters which we are required to address

This is the first year that the company has been audited. In the prior year the company took advantage of the audit exemption available to small groups, therefore the comparatives in these financial statements for the year ended 30 June 2025 are unaudited. However, except for the possible impact of the matters described in the basis for qualified opinion, we have obtained sufficient appropriate audit evidence that the opening balances do not contain misstatements that materially affect the current period's financial statements.

Report of the Independent Auditors to the Members of

Yorpower Limited

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.

Phillipa Symington ACA CA(SA) (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

Chartered Accountants

& Statutory Auditors

Oak Tree House, Harwood Road

Northminster Business Park

Upper Poppleton

York

YO26 6QU

18 March 2026

| Yorpower Limited (Registered number: 06885456) |

Profit and Loss Account

for the Year Ended 30 June 2025

| 2025 |  | 2024

| as restated |

| Notes | £ | £ |

TURNOVER | 3 | 17,000,986 |  | 14,724,163 |  |

Cost of sales | (12,125,671 | ) | (10,235,947 | ) |

GROSS PROFIT | 4,875,315 |  | 4,488,216 |  |

Administrative expenses | (3,573,498 | ) | (3,489,774 | ) |

1,301,817 |  | 998,442 |  |

Other operating income | 3,000 |  | 2,407 |  |

OPERATING PROFIT | 5 | 1,304,817 |  | 1,000,849 |  |

Interest receivable and similar income | 18,354 |  | 5,701 |  |

1,323,171 |  | 1,006,550 |  |

Interest payable and similar expenses | 6 | (3,952 | ) | (1,647 | ) |

PROFIT BEFORE TAXATION | 1,319,219 |  | 1,004,903 |  |

Tax on profit | 7 | (334,302 | ) | (251,363 | ) |

PROFIT FOR THE FINANCIAL YEAR | 984,917 |  | 753,540 |  |

| Yorpower Limited (Registered number: 06885456) |

Other Comprehensive Income

for the Year Ended 30 June 2025

| 2025 |  | 2024

| as restated |

| Notes | £ | £ |

PROFIT FOR THE YEAR | 984,917 |  | 753,540 |  |

OTHER COMPREHENSIVE INCOME |

EMI | 27,632 |  | 18,421 |  |

Income tax relating to other comprehensive income | - |  | - |  |

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX | 27,632 |  | 18,421 |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,012,549 |  | 771,961 |  |

| Yorpower Limited (Registered number: 06885456) |

Balance Sheet

30 June 2025

| 2025 |  | 2024

| as restated |

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 10 | - |  | - |  |

Tangible assets | 11 | 87,363 |  | 112,494 |  |

Investments | 12 | 50,000 |  | 75,001 |  |

137,363 |  | 187,495 |  |

CURRENT ASSETS

Stocks | 13 | 2,079,780 |  | 2,876,245 |  |

Debtors | 14 | 2,874,494 |  | 2,321,637 |  |

Cash at bank and in hand | 2,023,146 |  | 1,616,215 |  |

6,977,420 |  | 6,814,097 |  |

CREDITORS

Amounts falling due within one year | 15 | (4,204,844 | ) | (4,444,368 | ) |

NET CURRENT ASSETS | 2,772,576 |  | 2,369,729 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,909,939 |  | 2,557,224 |  |

CREDITORS

Amounts falling due after more than one year | 16 | (32,981 | ) | (41,200 | ) |

PROVISIONS FOR LIABILITIES | 18 | (20,082 | ) | (21,697 | ) |

NET ASSETS | 2,856,876 |  | 2,494,327 |  |

CAPITAL AND RESERVES

Called up share capital | 19 | 13,951 |  | 13,951 |  |

Share premium | 20 | 1,522,507 |  | 1,522,507 |  |

EMI reserve | 20 | 37,098 |  | 18,421 |  |

Retained earnings | 20 | 1,283,320 |  | 939,448 |  |

SHAREHOLDERS' FUNDS | 2,856,876 |  | 2,494,327 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2026 and were signed on its behalf by:

A J Brimble - Director

| Yorpower Limited (Registered number: 06885456) |

Statement of Changes in Equity

for the Year Ended 30 June 2025

| Called up |

| share |  | Retained |  | Share |  | EMI |  | Total

| capital |  | earnings |  | premium |  | reserve |  | equity

£ | £ | £ | £ | £ |

Balance at 1 July 2023 | 13,951 |  | 2,645,908 |  | 1,522,507 |  | - |  | 4,182,366 |  |

Changes in equity

Dividends | - |  | (35,000 | ) | - |  | - |  | (35,000 | ) |

Total comprehensive income | - |  | 753,540 |  | - |  | 18,421 |  | 771,961 |  |

Distribution to the EOT | - |  | (2,425,000 | ) | - |  | - |  | (2,425,000 | ) |

Balance at 30 June 2024 | 13,951 |  | 939,448 |  | 1,522,507 |  | 18,421 |  | 2,494,327 |  |

Changes in equity

Dividends | - |  | (50,000 | ) | - |  | - |  | (50,000 | ) |

Total comprehensive income | - |  | 984,917 |  | - |  | 27,632 |  | 1,012,549 |  |

Release of EMI reserve | - |  | 8,955 |  | - |  | (8,955 | ) | - |  |

Distribution to the EOT | - |  | (600,000 | ) | - |  | - |  | (600,000 | ) |

Balance at 30 June 2025 | 13,951 |  | 1,283,320 |  | 1,522,507 |  | 37,098 |  | 2,856,876 |  |

| Yorpower Limited (Registered number: 06885456) |

Cash Flow Statement

for the Year Ended 30 June 2025

| 2025 |  | 2024

| as restated |

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 1,356,217 |  | 612,673 |  |

Interest element of hire purchase payments paid | (3,952 | ) | (1,647 | ) |

Tax paid | (258,472 | ) | - |  |

Net cash from operating activities | 1,093,793 |  | 611,026 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (46,998 | ) | (67,465 | ) |

Sale of tangible fixed assets | - |  | 19,450 |  |

Interest received | 18,354 |  | 5,701 |  |

Net cash from investing activities | (28,644 | ) | (42,314 | ) |

Cash flows from financing activities

Capital repayments in year | (8,218 | ) | (2,739 | ) |

Distributions to EOT | (600,000 | ) | (300,000 | ) |

Equity dividends paid | (50,000 | ) | (35,000 | ) |

Net cash from financing activities | (658,218 | ) | (337,739 | ) |

Increase in cash and cash equivalents | 406,931 |  | 230,973 |  |

Cash and cash equivalents at beginning of year | 2 | 1,616,215 |  | 1,385,242 |  |

Cash and cash equivalents at end of year | 2 | 2,023,146 |  | 1,616,215 |  |

| Yorpower Limited (Registered number: 06885456) |

Notes to the Cash Flow Statement

for the Year Ended 30 June 2025

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

| 2025 |  | 2024

| as restated |

£ | £ |

| Profit before taxation | 1,319,219 |  | 1,004,903 |  |

| Depreciation charges | 72,129 |  | 69,056 |  |

| Profit on disposal of fixed assets | - |  | (5,450 | ) |

| Pension costs attributable to EMI Scheme | 27,632 |  | 18,421 |  |

| Impairment losses on investments | 25,001 |  | - |  |

| Finance costs | 3,952 |  | 1,647 |  |

| Finance income | (18,354 | ) | (5,701 | ) |

1,429,579 |  | 1,082,876 |  |

| Decrease/(increase) in stocks | 796,465 |  | (1,278,432 | ) |

| Increase in trade and other debtors | (552,857 | ) | (810,570 | ) |

| (Decrease)/increase in trade and other creditors | (316,970 | ) | 1,618,799 |  |

| Cash generated from operations | 1,356,217 |  | 612,673 |  |

2. | CASH AND CASH EQUIVALENTS

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

| Year ended 30 June 2025

| 30.6.25 |  | 1.7.24

£ | £ |

| Cash and cash equivalents | 2,023,146 |  | 1,616,215 |  |

| Year ended 30 June 2024

| 30.6.24 |  | 1.7.23

| as restated |

£ | £ |

| Cash and cash equivalents | 1,616,215 |  | 1,385,242 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.7.24 | Cash flow | At 30.6.25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 1,616,215 |  | 406,931 |  | 2,023,146 |  |

1,616,215 |  | 406,931 |  | 2,023,146 |  |

| Debt

| Finance leases | (49,418 | ) | 8,218 |  | (41,200 | ) |

(49,418 | ) | 8,218 |  | (41,200 | ) |

| Total | 1,566,797 |  | 415,149 |  | 1,981,946 |  |

| Yorpower Limited (Registered number: 06885456) |

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| Yorpower 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.

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.

| There were no material departures from that standard.

| In the prior year, the Company applied FRS 102 Section 1A – Small Entities.

| The transition from FRS 102 Section 1A to full FRS 102 has resulted in the following changes:

| - Reclassification of fixed asset investments to investments in associates

| - Reclassification of balances from trade debtors to amounts owed by associates

| - Reclassification of balances from amounts owed to group undertakings to other creditors

| - Reclassification of corporation tax payable from tax and social security payables

| Accordingly, the comparative information presented for the year ended 30 June 2024 has been restated. These adjustments are detailed at the Prior Year Adjustments note

| The change in financial reporting framework has been applied prospectively and does not affect the Company’s reported profit, net assets or equity for either the current or prior period.

| 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.

| 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.

| Yorpower Limited (Registered number: 06885456) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| Critical accounting judgements and key sources of estimation uncertainty

| There have not been deemed to be any critical judgements, apart from those involving estimations (which are dealt with separately below), that the directors have made in the process of applying the Company's accounting policies and that have had a significant effect on the amounts recognised in financial statements.

| Key sources of estimation uncertainty

| The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The following are the critical judgements that the directors have made in the process of applying the Company's accounting policy and have the most significant effect on the amounts recognised in financial statements:

| Project Completion Costs and Revenue Recognition

| Revenue from installation projects is recognised based on performance obligations as identified in the contracts between the company and customers. As the determination of whether or not a performance obligation has been met and therefore revenue should be recognised relies on management judgement, the estimation uncertainty gives rise to a key accounting estimate. As there are clearly defined transaction prices and revenue to be recognised per project, the estimation uncertainty is limited to the level of installation achieved at year end. When it is probable that the projects costs will exceed the total project revenue, the estimated expected loss is recognised as an expense immediately.

| Net Realisable Value of Stock

| Inventories are stated at the lower of cost and net realisable value (NRV). Determining NRV requires management to make estimates based on the most reliable evidence available at the reporting date regarding the amount inventories are expected to realise. In assessing NRV, management considers a range of factors including:

| - Expected selling prices based on current market conditions and recent sales.

| -Sales demand and ageing of inventory, including slow-moving or obsolete items.

| - Costs to complete and sell, including distribution and selling costs.

| - Changes in customer preferences or technology which may impact expected future sales values.

| Because these estimates involve judgement, actual selling prices and realisation outcomes may differ from those estimated at the year end. Any changes could result in adjustments to the carrying value of inventories in future periods.

| Turnover

| Turnover represents net invoiced sales of goods and services, excluding value added tax.

| Income is recognised when the conditions contained within a contract for goods and services have been met.

| Sale of Goods

| Revenue from sales is recognised when the goods are supplied.

| Sales of Installation and Maintenance Service

| Revenues on maintenance contracts are recognised evenly over the period of the contract. Installation revenue is recognised when the goods and services are supplied, can be reliably measured and when it is probable that future benefits will flow to the Company.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of four years.

| Yorpower Limited (Registered number: 06885456) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

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

| Plant and Machinery |  | - 33% and 20% straight line |  |

| Fixtures and Fittings |  | - 33% and 20% straight line |  |

| Motor Vehicles |  | - 33% straight line |  |

| Computer Equipment |  | - 33% straight line |  |

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

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| Financial assets

| Short term debtors and cash at bank are measured at amortised cost. Long term debtors which are basic financial instruments, are initially recorded at the present value of future payments discounted at a market rate of interest for a similar loan. Subsequently, they are measured at amortised cost using the effective interest method.

| Financial liabilities

| Short term trade creditors are measured at amortised cost.

| 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.

| 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

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Yorpower Limited (Registered number: 06885456) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| 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 options

| Employees (including directors) of the company receive remuneration in the form of share-based payments, whereby employees render services as consideration for equity instruments.

| The cost of equity-settled transactions is determined by the fair value at the date when the grant is made using the Trinomial model.

| That cost is recognised as pension contributions, together with a corresponding increase in equity, over the period in which the service and, where applicable, the performance conditions are fulfilled (the vesting period). The cumulative expense recognised for equity-settled transactions at each reporting date until the vesting date reflects the extent to which the vesting period has expired and the company's best estimate of the number of equity instruments that will ultimately vest. The expense or credit in the statement of profit or loss for a period represents the movement in cumulative expense recognised as at the beginning and end of that period.

| Service and non-market performance conditions are not taken into account when determining the grant date fair value of awards, but the likelihood of the conditions being met is assessed as part of the company's best estimate of the number of equity instruments that will ultimately vest.

| Investments in associates and unlisted investments

| Investments held as fixed assets are stated at cost less provision for any impairment in value.

| The Company holds a 50% interest in YorPower Manufacturing, which meets the definition of an associate in accordance with FRS102 Section14.

| This is the first year that the Company is applying FRS 102 in full. In the previous year, the Company applied FRS 102 Section 1A - Small Entities, and took advantage of the exemption available per section 14 which allows that a small parent is exempt from preparing consolidated financial statements, and therefore did not apply equity accounting for associates.

| During the year, the investment in YorPower Manufacturing was fully impaired following a review of its' trading performance. In accordance with FRS102, the Company has not recognised any further losses as:

| -The investment is already carried at £nil,

| -Recognising further losses would reduce the carrying amount below £nil, which is not permitted, and

| -The Company has not incurred any legal or constructive obligation to make payments on behalf of the associate.

| Yorpower Limited (Registered number: 06885456) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| Non-preparation of consolidated financial statements

| The Company is a parent company and holds investments in a dormant subsidiary undertaking and an associate.

| In accordance with the Companies Act 2006 and FRS102, the directors have assessed whether the preparation of consolidated financial statements is necessary to give a true and fair view of the Company’s financial position and performance and have concluded that the subsidiary and associate are immaterial for the purpose of giving a true and fair view of the Company's assets, liabilities, financial position and profit or loss.

| The subsidiary is dormant, and holds no significant assets, liabilities, or operations.

| As detailed in the Investments in associates and unlisted investments note, the investment in the associate has been impaired to nil, and so no further losses will be recognised in respect of it.

| As permitted by Section 400 of the Companies Act 2006 and the applicable provisions of FRS102, the Company has therefore elected not to prepare consolidated financial statements. These financial statements present only the results and financial position of the Company as an individual entity.

| The investments in subsidiaries and associates are accounted for at cost less impairment in these financial statements. The directors confirm that the omission of consolidated financial statements does not affect the true and fair view of the Company’s financial statements.

3. | TURNOVER

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

| An analysis of turnover by class of business is given below:

|  | 2025 |  | 2024 as restated |  |

|  | £ |  | £ |  |

| Generator Sales |  | 7,689,688 |  | 7,671,108 |  |

| Spare Parts, Maintenance, and Installation |  | 9,311,298 |  | 7,053,055 |  |

|  | 17,000,986 |  | 14,724,163 |  |

4. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

| as restated |

£ | £ |

| Wages and salaries | 2,086,770 |  | 1,913,406 |  |

| Social security costs | 228,865 |  | 194,399 |  |

| Other pension costs | 110,018 |  | 96,857 |  |

2,425,653 |  | 2,204,662 |  |

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

| 2025 |  | 2024

| as restated |

| Employees | 56 |  | 54 |  |

| Directors | 2 |  | 2 |  |

58 |  | 56 |  |

| Yorpower Limited (Registered number: 06885456) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

4. | EMPLOYEES AND DIRECTORS - continued

| 2025 |  | 2024

| as restated |

£ | £ |

| Directors' remuneration | 70,234 |  | 69,410 |  |

| Directors' pension contributions to money purchase schemes | 37,500 |  | 37,500 |  |

| The directors are the only individuals who meet the definition of key management personnel under FRS 102 Section 33, and so separate disclosure of remuneration of key management personnel is not required.

5. | OPERATING PROFIT

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

| 2025 |  | 2024

| as restated |

£ | £ |

| Other operating leases | 131,046 |  | 117,426 |  |

| Depreciation - owned assets | 52,213 |  | 60,757 |  |

| Depreciation - assets on hire purchase contracts | 19,916 |  | 8,299 |  |

| Profit on disposal of fixed assets | - |  | (5,450 | ) |

| Auditors' Remuneration - Audit | 11,200 |  | - |  |

| Auditors' Remuneration - Non Audit | 4,600 |  | - |  |

| Foreign exchange differences | 22,871 |  | 63,491 |  |

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

| as restated |

£ | £ |

| Hire purchase | 3,952 |  | 1,647 |  |

7. | TAXATION

| Analysis of the tax charge

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

| 2025 |  | 2024

| as restated |

£ | £ |

| Current tax:

| UK corporation tax | 335,917 |  | 258,472 |  |

| Deferred tax | (1,615 | ) | (7,109 | ) |

| Tax on profit | 334,302 |  | 251,363 |  |

| UK corporation tax has been charged at 25% .

| Yorpower Limited (Registered number: 06885456) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

7. | TAXATION - continued

| Reconciliation of total tax charge included in profit and loss

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

| 2025 |  | 2024

| as restated |

£ | £ |

| Profit before tax | 1,319,219 |  | 1,004,903 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 329,805 |  | 251,226 |  |

| Effects of:

| Expenses not deductible for tax purposes | 23,686 |  | 4,379 |  |

| Income not taxable for tax purposes | (19,189 | ) | (4,242 | ) |

| Total tax charge | 334,302 |  | 251,363 |  |

| Tax effects relating to effects of other comprehensive income |

| 2025 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| EMI | 27,632 |  | - |  | 27,632 |  |

| 2024 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| EMI | 18,421 |  | - |  | 18,421 |  |

8. | DIVIDENDS

| 2025 |  | 2024

| as restated |

£ | £ |

| Ordinary A shares of £1 each

| Interim | 50,000 |  | 35,000 |  |

| Yorpower Limited (Registered number: 06885456) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

9. | PRIOR YEAR ADJUSTMENT

| YorPower Employee Ownership Trust Distributions

| During the year, the directors identified an error in the accounting treatment of a debtor balance arising from advances made by YorPower to the Employee Ownership Trust (EOT) in connection with the EOT’s purchase of shares. These advances were previously recognised as a recoverable debtor.

| Following review, it was determined that the advances do not meet the asset recognition criteria under applicable accounting standards. Instead, the advances represent distributions made by the company to facilitate the EOT’s acquisition of shares.

| As a result, the previously recognised debtor balance has been derecognised, and a corresponding prior year adjustment has been recorded through retained earnings to correct the opening position.

| The company held a Fair Value Reserve in relation to the debtor balance, and made transfers to this reserve from Other Comprehensive Income in relation to discounting on the loan. The impacts of discounting on the prior year Other Comprehensive Income, and the Fair Value Reserve, have also been derecognised.

| Balances transferred to the EOT in 2023 and 2024 have been re-recognised as distributions.

| Impact of the Prior Year Adjustment

| The impact of the adjustment is as follows:

| Correction of Accounting Treatment |  | Previously Stated |  | Adjustment |  | Restated |  |

| Other Debtors Falling Due After More than 1 Year |  | 1,384,511 |  | (1,384,511 | ) | nil |  |

| Fair Value Reserve |  | 996,413 |  | (996,413 | ) | nil |  |

| Fair Value Movement through OCI |  | 44,076 |  | (44,076 | ) | nil |  |

| Distribution to EOT 2023 |  | nil |  | 2,125,000 |  | 2,125,000 |  |

| Distribution to EOT 2024 |  | nil |  | 300,000 |  | 300,000 |  |

| Customer Prepayments

| During the year, the directors identified that certain amounts previously held net against debtors related to balances that in substance represented prepayments from customers. These amounts should have been presented as other creditors rather than included in the debtors balance.

| Accordingly, the comparative figures have been restated to correct the presentation of these balances. The adjustment has no impact on profit, net assets, or retained earnings; it represents a reclassification within working capital only.

| Impact of the Prior Year Adjustment

| The effect of the reclassification on the prior year’s Balance Sheet is as follows:

| Reclassification of Customer Prepayments |  | Previously Stated |  | Adjustment |  | Restated |  |

| Trade Debtors |  | 322,636 |  | 1,720,860 |  | 2,043,496 |  |

| Other Creditors |  | 12,455 |  | 1,720,860 |  | 1,733,315 |  |

| Transition to FRS102

| As per the Basis of Preparation note, adjustments to prior period comparatives have also been made due to the transition to FRS102 from FRS102 1A. The impact of these is detailed below:

| Reclassification of Inter-Company Balances |  | Previously Stated |  | Adjustment |  | Restated |  |

| Trade Debtors |  | 2,043,496 |  | (213,637 | ) | 1,829,859 |  |

| Amounts Due from Associates |  | 0 |  | 213,637 |  | 213,637 |  |

| Amounts Owed to Group Undertakings |  | 10,200 |  | (10,200 | ) | 0 |  |

| Other Creditors |  | 1,733,315 |  | 10,200 |  | 1,743,515 |  |

| Fixed Asset Investments |  | Previously Stated |  | Adjustment |  | Restated |  |

| Unlisted Investments |  | 0 |  | 50,000 |  | 50,000 |  |

| Interest in Associates |  | 75,001 |  | (50,000 | ) | 25,001 |  |

| Tax Creditor |  | Previously Stated |  | Adjustment |  | Restated |  |

| Yorpower Limited (Registered number: 06885456) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

| Corporation Tax Payable |  | 0 |  | 258,472 |  | 258,472 |  |

| Tax and Social Security Payable |  | 313,484 |  | (258,472 | ) | 55,012 |  |

10. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 50,000 |  |

| AMORTISATION

| At 1 July 2024

| and 30 June 2025 | 50,000 |  |

| NET BOOK VALUE

| At 30 June 2025 | - |  |

| At 30 June 2024 | - |  |

11. | TANGIBLE FIXED ASSETS

| Fixtures |

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

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

£ | £ | £ | £ | £ |

| COST

| At 1 July 2024 | 140,889 |  | 61,732 |  | 181,774 |  | 46,548 |  | 430,943 |  |

| Additions | 20,573 |  | - |  | 10,000 |  | 16,425 |  | 46,998 |  |

| At 30 June 2025 | 161,462 |  | 61,732 |  | 191,774 |  | 62,973 |  | 477,941 |  |

| DEPRECIATION

| At 1 July 2024 | 131,970 |  | 58,572 |  | 95,961 |  | 31,946 |  | 318,449 |  |

| Charge for year | 7,116 |  | 2,334 |  | 50,730 |  | 11,949 |  | 72,129 |  |

| At 30 June 2025 | 139,086 |  | 60,906 |  | 146,691 |  | 43,895 |  | 390,578 |  |

| NET BOOK VALUE

| At 30 June 2025 | 22,376 |  | 826 |  | 45,083 |  | 19,078 |  | 87,363 |  |

| At 30 June 2024 | 8,919 |  | 3,160 |  | 85,813 |  | 14,602 |  | 112,494 |  |

| Yorpower Limited (Registered number: 06885456) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

11. | TANGIBLE FIXED ASSETS - continued

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

| Motor

| vehicles

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 59,750 |  |

| DEPRECIATION

| At 1 July 2024 | 8,299 |  |

| Charge for year | 19,916 |  |

| At 30 June 2025 | 28,215 |  |

| NET BOOK VALUE

| At 30 June 2025 | 31,535 |  |

| At 30 June 2024 | 51,451 |  |

12. | FIXED ASSET INVESTMENTS

| Interest |

| in |  | Unlisted |

| associate |  | investments |  | Totals

£ | £ | £ |

| COST

| At 1 July 2024 | 25,001 |  | 50,000 |  | 75,001 |  |

| Impairments | (25,001 | ) | - |  | (25,001 | ) |

| At 30 June 2025 | - |  | 50,000 |  | 50,000 |  |

| NET BOOK VALUE

| At 30 June 2025 | - |  | 50,000 |  | 50,000 |  |

| At 30 June 2024 | 25,001 |  | 50,000 |  | 75,001 |  |

| Yorpower Limited (Registered number: 06885456) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

12. | FIXED ASSET INVESTMENTS - continued

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

| YorPower 2009 Limited

| Registered Office: Electricity Building, Unit 2, Hurricane Close, Sherburn In Elmet, Leeds, LS25 6PB

| Nature of Business: Dormant

| Class of Shares |  | % Holding |  |

| Ordinary |  | 98.04 |  |

|  | Year Ended 30th June 2025 |  | Year Ended 30th June 2024 |  |

| £ |  | £ |  |

| Aggregate Capital and Reserves |  | 10,200 |  | 10,200 |  |

| YorPower 2009 Limited (company number 07035780) has taken advantage of the exemption from audit for dormant companies under section 480 of the Companies Act 2006.

| Powerlink Energy Tech (UK) Co Limited

| Registered Office: Vickers Building, Hurricane Close, Sherburn In Elmet, Leeds, LS25 6PB

| Nature of Business: Manufacture of electric motors, generators, and transformers

| Class of Shares |  | % Holding |  |

| Ordinary |  | 10.00 |  |

|  | Year Ended 31st March 2025 |  | Year Ended 31st March 2024 |  |

| £ |  | £ |  |

| Aggregate Capital and Reserves |  | 1,150,357 |  | 1,200,486 |  |

| Profit/(Loss) for the Year |  | (20,129 | ) | 308,645 |  |

| YorPower Manufacturing Limited

| Registered Office: Plot No. 12470, Hillocks Godown No. 2, Behind SMK Business Centre, P.O. Box 89-0200, Nairobi

| Nature of Business: Selling and servicing of generators

| Class of Shares |  | % Holding |  |

| Ordinary |  | 50.00 |  |

|  | Year Ended 31st December 2024 |  | Year Ended 31st December 2023 |

| £ |  | £ |  |

| Aggregate Capital and Reserves |  | (17,433 | ) | 80,180 |

| Profit/(Loss) for the Year |  | (109,965 | ) | 38,919 |

| During the year, the investment in associate company YorPower Manufacturing Limited, with a carrying value of £25,001, was fully impaired following a review of its' trading performance. The directors believe the carrying value of the investment at 30 June 2025 is now a true and fair reflection of the value of the investment.

| Non-Consolidation of Subsidiary and Associate

| YorPower 2009 Limited is dormant, and holds no significant assets, liabilities, or operations.

| The investment in YorPower Manufacturing Limited has been impaired to nil, and so no further losses will be recognised in respect of it.

| As permitted by Section 400 of the Companies Act 2006 and the applicable provisions of FRS 102, the Company has therefore elected not to prepare consolidated financial statements.

| Yorpower Limited (Registered number: 06885456) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

13. | STOCKS

2025 | 2024 |

| as restated |

£ | £ |

| Stocks | 2,079,780 |  | 2,876,245 |  |

| The cost of stock recognised as an expense during the financial year, representing goods sold and materials consumed was £10,807,725 (2024: £8,903,217). This is presented within Cost of Sales in the Statement of Profit or Loss and reflects the expensing of stocks as they are sold or consumed.

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

2025 | 2024 |

| as restated |

£ | £ |

| Trade debtors | 2,428,003 |  | 1,829,859 |  |

| Amounts owed by associates | 253,197 |  | 213,637 |  |

| Other debtors | 114,378 |  | 113,020 |  |

| VAT | - |  | 85,392 |  |

| Prepayments | 78,916 |  | 79,729 |  |

2,874,494 |  | 2,321,637 |  |

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

2025 | 2024 |

| as restated |

£ | £ |

| Hire purchase contracts (see note 17) | 8,219 |  | 8,218 |  |

| Trade creditors | 1,610,600 |  | 1,956,210 |  |

| Corporation tax | 335,917 |  | 258,472 |  |

| Taxation and social security | 211,448 |  | 55,012 |  |

| Other creditors | 1,304,759 |  | 1,743,515 |  |

| Accruals and deferred income | 733,901 |  | 422,941 |  |

4,204,844 |  | 4,444,368 |  |

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

2025 | 2024 |

| as restated |

£ | £ |

| Hire purchase contracts (see note 17) | 32,981 |  | 41,200 |  |

| Yorpower Limited (Registered number: 06885456) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

17. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

| as restated |

£ | £ |

| Net obligations repayable:

| Within one year | 8,219 |  | 8,218 |  |

| Between one and five years | 32,981 |  | 41,200 |  |

41,200 |  | 49,418 |  |

| Non-cancellable |

| operating leases |

2025 | 2024 |

| as restated |

£ | £ |

| Within one year | 3,360 |  | 3,360 |  |

| Between one and five years | 9,800 |  | 12,600 |  |

13,160 |  | 15,960 |  |

18. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

| as restated |

£ | £ |

| Deferred tax | 20,082 |  | 21,697 |  |

| Deferred |

| tax |

£ |

| Balance at 1 July 2024 | 21,697 |  |

| Utilised during year | (1,615 | ) |

| Balance at 30 June 2025 | 20,082 |  |

19. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: |  | as restated |

£ | £ |

| 13,381 | Ordinary | £1 | 13,081 |  | 13,081 |  |

| 870 | Ordinary A | £1 | 870 |  | 870 |  |

13,951 |  | 13,951 |  |

| 300 Ordinary shares of £1 each were allotted as fully paid at a premium of £128 per share during the year.

| Yorpower Limited (Registered number: 06885456) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

19. | CALLED UP SHARE CAPITAL - continued

| The Company’s issued share capital consists of Ordinary Shares and Ordinary A Shares. Both classes of shares carry full voting rights, rank pari passu in all respects unless otherwise stated, and have no restrictions on distribution or repayment of capital.

20. | RESERVES

| Retained |  | Share |  | EMI |

| earnings |  | premium |  | reserve |  | Totals

£ | £ | £ | £ |

| At 1 July 2024 | 939,448 |  | 1,522,507 |  | 18,421 |  | 2,480,376 |  |

| Profit for the year | 984,917 |  | 984,917 |  |

| Dividends | (50,000 | ) | (50,000 | ) |

| EMI options recognised in year | - |  | - |  | 27,632 |  | 27,632 |  |

| Release of EMI reserve | 8,955 |  | - |  | (8,955 | ) | - |  |

| Distribution to the EOT | (600,000 | ) | - |  | - |  | (600,000 | ) |

| At 30 June 2025 | 1,283,320 |  | 1,522,507 |  | 37,098 |  | 2,842,925 |  |

| Retained earnings - includes all current and prior period retained profits and losses.

| Share Premium - represents the excess of consideration received for shares issued over their nominal value. Amounts in this reserve are non-distributable and may be used only for purposes permitted by the Companies Act 2006.

| EMI reserve - includes all current and prior period financial impacts of the employee share options.

21. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is the Yorpower Employee Ownership Trust.

| Yorpower Limited (Registered number: 06885456) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

22. | SHARE OPTIONS

| In the Year ended 30th June 2023 the company passed a special resolution to grant an Enterprise Management Incentive share option scheme for one individual.

| The company granted 1,543 options at £129.00 per ordinary share. Share options are to be settled through equity. There is no cash-based alternative.

|  | 2025 |  |  | 2024 |  |

|  | £ |  |  | £ |  |

| Expense arising from equity-settled share-based payment transactions |  |  | 27,632 |  |  | 18,421 |  |

| There were no cancellations or modifications to the awards in 2025, however 300 options were exercised in the year.

| Movements during the year

| The following table illustrates the number and weighted average exercise prices (WAEP) of, and movements in, share options during the year:

|  | 2025 |  | 2025 |  | 2024 |  | 2024 |  |

|  | Number: |  | WAEP |  | Number: |  | WAEP |  |

|  | £ |  |  | £ |  |

| Balance at 1 July |  |  | 1,543 |  | 129 |  | - |  | - |  |

| Granted during the period |  |  | - |  | - |  | 1,543 |  | 129 |  |

| Forfeited during the period |  |  | - |  | - |  | - |  | - |  |

| Exercised during the period |  |  | 300 |  | 129 |  | - |  | - |  |

| Expired during the period |  |  | - |  | - |  | - |  | - |  |

| Outstanding at 30 June |  |  | 1,243 |  | 129 |  | 1,543 |  | 129 |  |

| Trinomial model attributes a fair value to option itself rather than to the services received.

| Yorpower Limited (Registered number: 06885456) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

23. | RELATED PARTY TRANSACTIONS

| As permitted by FRS 102, these financial statements do not disclose transactions with wholly owned subsidiaries.

| During the year, the Company made sales of £185,981 to Yorpower Manufacturing, and at the balance sheet date was owed £253,197 (2024: £213,637) by YorPower Manufacturing, an associate company.

| During the year, the Company made sales of £290,562 to Generator Warehouse and at the balance sheet date was owed £76,677 (2024: £35,633) by Generator Warehouse, a non group company in which the owners of YorPower have significant influence.

| During the year, the Company made sales of £5,930 and paid rent of £117,802 to Sherburn Commercial Properties, a non group company in which the owners of YorPower have significant influence.

| During the year, the Company received dividends of £3,000 from PowerLink Machine Ltd, an investment company.

| During the year, as part of a share-based payment arrangement, the YorPower Employee Ownership Trust ("the EOT") transferred shares to a director. Director S. Peal was granted 300 shares at an issue price of £129 per share. The company received the payment of £38,700 on behalf of the EOT and this is held as a creditor balance at the year end.

| During the year, the Company paid dividends of £50,000 to S Peal, a director and shareholder.

| During the year, the Company made distributions of £600,000 (2024: £300,000) to the YorPower Employee Ownership Trust ("the EOT") (67% controlling shareholder), to assist with the purchase by the EOT of 9593 ordinary shares in YorPower Limited from A. Brimble (Director and Shareholder) in 2023.

| At the year end, the total amount of future distributions payable to the EOT was £1,725,000 (2024: £2,325,000). These distributions are payable in £25,000 monthly installments with the full balance due by 31st March 2032.