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REGISTERED NUMBER: 01821602 (England and Wales)

| S & W PROCESS ENGINEERING LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 JUNE 2025 |

S & W PROCESS ENGINEERING LIMITED (REGISTERED NUMBER: 01821602)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |

S & W PROCESS ENGINEERING LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 JUNE 2025

| DIRECTORS: | G P Whyles

| Mrs D L Nunn

| SECRETARY: | Mrs D L Nunn

| REGISTERED OFFICE: | S&W House

| Longhill Road

| March

| PE15 0BL

| REGISTERED NUMBER: | 01821602 (England and Wales)

| ACCOUNTANTS: | Duncan & Toplis Limited

| 4 Henley Way

| Doddington Road

| Lincoln

| Lincolnshire

| LN6 3QR

S & W PROCESS ENGINEERING LIMITED (REGISTERED NUMBER: 01821602)

STATEMENT OF FINANCIAL POSITION

30 JUNE 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 429,784 |  | 347,253 |  |

CURRENT ASSETS

Stocks | 109,215 |  | 69,392 |  |

Debtors | 5 | 2,606,913 |  | 2,517,990 |  |

Investments | 6 | 3,500 |  | 3,500 |  |

Cash at bank and in hand | 1,644,093 |  | 1,391,236 |  |

4,363,721 |  | 3,982,118 |  |

CREDITORS

Amounts falling due within one year | 7 | 2,410,481 |  | 1,886,388 |  |

NET CURRENT ASSETS | 1,953,240 |  | 2,095,730 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,383,024 |  | 2,442,983 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 951 |  | 951 |  |

Capital redemption reserve | 50 |  | 50 |  |

Retained earnings | 2,382,023 |  | 2,441,982 |  |

SHAREHOLDERS' FUNDS | 2,383,024 |  | 2,442,983 |  |

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

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

The directors acknowledge their responsibilities for:

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

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

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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:

Mrs D L Nunn - Director

S & W PROCESS ENGINEERING LIMITED (REGISTERED NUMBER: 01821602)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1. | STATUTORY INFORMATION

| S & W Process Engineering 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Revenue recognition

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

| Services provided to clients during the year, which at the balance sheet date have not been billed to clients, have been recognised as turnover in accordance with the Financial Reporting Standard 5 'Reporting the substance of transactions: Application Note G Revenue Recognition'.

| Turnover recognised in this manner is based on an assessment of the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement.

| Provision is made against unbilled amounts on those engagements where the right to receive payment is contingent on factors outside the control of the company. Unbilled revenue is included in debtors.

| Tangible fixed assets

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

| Land and buildings | - | 2% on cost

| Plant and machinery etc | - | 25% on cost

| Land is not depreciated. The fixed assets are held at cost less depreciation.

| Stocks

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

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

S & W PROCESS ENGINEERING LIMITED (REGISTERED NUMBER: 01821602)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to the income statement 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 the income statement in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 25 (2024 - 25 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 July 2024 | 601,174 |  | 1,131,959 |  | 1,733,133 |  |

| Additions | 50,044 |  | 158,336 |  | 208,380 |  |

| Disposals | - |  | (100,413 | ) | (100,413 | ) |

| At 30 June 2025 | 651,218 |  | 1,189,882 |  | 1,841,100 |  |

| DEPRECIATION

| At 1 July 2024 | 386,350 |  | 999,530 |  | 1,385,880 |  |

| Charge for year | 11,576 |  | 114,273 |  | 125,849 |  |

| Eliminated on disposal | - |  | (100,413 | ) | (100,413 | ) |

| At 30 June 2025 | 397,926 |  | 1,013,390 |  | 1,411,316 |  |

| NET BOOK VALUE

| At 30 June 2025 | 253,292 |  | 176,492 |  | 429,784 |  |

| At 30 June 2024 | 214,824 |  | 132,429 |  | 347,253 |  |

| Included in cost of land and buildings is freehold land of £ 72,414 (2024 - £ 72,414 ) which is not depreciated.

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

2025 | 2024 |

£ | £ |

| Trade debtors | 1,794,236 |  | 1,503,266 |  |

| Amounts owed by group undertakings | 1,318 |  | - |  |

| Amounts recoverable on contract | 132,345 |  | 152,420 |  |

| Other debtors | 679,014 |  | 862,304 |  |

2,606,913 |  | 2,517,990 |  |

6. | CURRENT ASSET INVESTMENTS

2025 | 2024 |

£ | £ |

| Unlisted investments | 3,500 |  | 3,500 |  |

S & W PROCESS ENGINEERING LIMITED (REGISTERED NUMBER: 01821602)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

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

2025 | 2024 |

£ | £ |

| Payments on account | 205,133 |  | 377,462 |  |

| Trade creditors | 1,987,421 |  | 1,097,163 |  |

| Taxation and social security | 126,647 |  | 233,805 |  |

| Other creditors | 91,280 |  | 177,958 |  |

2,410,481 |  | 1,886,388 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases falling due within one year are £10,129 (2024: £10,129) and falling due between one and five years are £7,596 (2024: £17,726).

9. | SECURED DEBTS

| National Westminster Bank Plc have a legal mortgage and debenture over the company's freehold property.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 951 | Ordinary | £1 | 951 |  | 951 |  |

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The director has an overdrawn directors loan account totalling £306,515 brought forward (2024: £306,515). During the year, the director of the company borrowed £515 (2024: £Nil) from the company and repaid £Nil (2024: £Nil). The balance at the end of the year totalled £307,030 (2024: £306,515).