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REGISTERED NUMBER: SC505234 (Scotland)

Financial Statements for the Year Ended 31 July 2025

for

Compass Print Group Limited

Compass Print Group Limited (Registered number: SC505234)

Contents of the Financial Statements

for the Year Ended 31 July 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Compass Print Group Limited

Company Information

for the Year Ended 31 July 2025

| DIRECTORS: | S T Greig

| R E Massie

| Mrs J M Wilson

| REGISTERED OFFICE: | Hareness Road

| Altens

| Aberdeen

| AB12 3LE

| REGISTERED NUMBER: | SC505234 (Scotland)

| ACCOUNTANTS: | Findlay Brown Ltd

| 53 Huntly Street

| Aberdeen

| AB10 1TH

Compass Print Group Limited (Registered number: SC505234)

Balance Sheet

31 July 2025

| 31.7.25 | 31.7.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 37,341 |  | 149,360 |  |

Tangible assets | 5 | 676,805 |  | 700,290 |  |

714,146 |  | 849,650 |  |

CURRENT ASSETS

Stocks | 6 | 15,809 |  | 15,495 |  |

Debtors | 7 | 256,884 |  | 362,607 |  |

Cash at bank | 195,405 |  | 211,696 |  |

468,098 |  | 589,798 |  |

CREDITORS

Amounts falling due within one year | 8 | 718,073 |  | 875,439 |  |

NET CURRENT LIABILITIES | (249,975 | ) | (285,641 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 464,171 |  | 564,009 |  |

PROVISIONS FOR LIABILITIES | 13,522 |  | 13,054 |  |

NET ASSETS | 450,649 |  | 550,955 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 10,000 |  | 10,000 |  |

Retained earnings | 440,649 |  | 540,955 |  |

SHAREHOLDERS' FUNDS | 11 | 450,649 |  | 550,955 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 2 April 2026 and were signed on its behalf by:

S T Greig - Director | R E Massie - Director

Mrs J M Wilson - Director

Compass Print Group Limited (Registered number: SC505234)

Notes to the Financial Statements

for the Year Ended 31 July 2025

1. | STATUTORY INFORMATION

| Compass Print Group Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Accounting convention

| 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.

| Turnover

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

| Goodwill

| Goodwill representing the excess of the consideration for an acquired business compared with the fair value of net assets acquired is capitalised and written off evenly over 10 years as in the opinion of the directors this represents the period over which the goodwill is effective. The useful economic lives are reviewed at the end of each reporting period.

| Tangible fixed assets

| Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

| Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

| Heritable property 2% straight line

| Tenants improvements 20% reducing balance

| Plant and machinery 20% reducing balance

| Motor vehicles 20% reducing balance

| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

| Impairment of fixed assets

| At each reporting period end date. the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

| Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

| If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss. unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

| Stocks

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

Compass Print Group Limited (Registered number: SC505234)

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

| Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Financial assets

| Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

| Impairment of financial assets

| Financial assets. other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

| Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The

| impairment loss is recognised in profit or loss.

| If there is a decrease in the impairment loss arising from an event occurring after the impairment was

| recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

| Derecognition of financial assets

| Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Financial liabilities

| Basic financial liabilities, including trade and other creditors. bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Derecognition of financial liabilities

| Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

| Equity Instruments

| Equity instruments issued by the company are recorded at the fair value of proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Compass Print Group Limited (Registered number: SC505234)

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Leases

| Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

| Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is Included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the income statement so as to produce a constant periodic rate of interest on the remaining balance of the liability.

| Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

| 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

| The average number of employees during the year was 19 (2024 - 17 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 August 2024

| and 31 July 2025 | 1,120,192 |  |

| AMORTISATION

| At 1 August 2024 | 970,832 |  |

| Amortisation for year | 112,019 |  |

| At 31 July 2025 | 1,082,851 |  |

| NET BOOK VALUE

| At 31 July 2025 | 37,341 |  |

| At 31 July 2024 | 149,360 |  |

Compass Print Group Limited (Registered number: SC505234)

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 August 2024 | 758,698 |  | 309,380 |  | 1,068,078 |  |

| Additions | - |  | 28,561 |  | 28,561 |  |

| Disposals | - |  | (132,345 | ) | (132,345 | ) |

| At 31 July 2025 | 758,698 |  | 205,596 |  | 964,294 |  |

| DEPRECIATION

| At 1 August 2024 | 129,863 |  | 237,925 |  | 367,788 |  |

| Charge for year | 15,175 |  | 13,404 |  | 28,579 |  |

| Eliminated on disposal | - |  | (108,878 | ) | (108,878 | ) |

| At 31 July 2025 | 145,038 |  | 142,451 |  | 287,489 |  |

| NET BOOK VALUE

| At 31 July 2025 | 613,660 |  | 63,145 |  | 676,805 |  |

| At 31 July 2024 | 628,835 |  | 71,455 |  | 700,290 |  |

6. | STOCKS

| 31.7.25 |  | 31.7.24

£ | £ |

| Stocks | 15,809 |  | 15,495 |  |

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

| 31.7.25 |  | 31.7.24

£ | £ |

| Trade debtors | 225,963 |  | 341,130 |  |

| Other debtors | 30,921 |  | 21,477 |  |

256,884 |  | 362,607 |  |

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

| 31.7.25 |  | 31.7.24

£ | £ |

| Bank loans and overdrafts | 479,260 |  | 183,939 |  |

| Trade creditors | 132,710 |  | 143,829 |  |

| Taxation and social security | 59,162 |  | 77,680 |  |

| Other creditors | 46,941 |  | 469,991 |  |

718,073 |  | 875,439 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.7.25 |  | 31.7.24

£ | £ |

| Bank loans | 479,260 |  | 183,939 |  |

Compass Print Group Limited (Registered number: SC505234)

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.7.25 |  | 31.7.24

| value: | £ | £ |

| 10,000 | Ordinary Shares | 1 | 10,000 |  | 10,000 |  |

11. | RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

| 31.7.25 |  | 31.7.24

£ | £ |

| Loss for the financial year | (60,306 | ) | (41,575 | ) |

| Preference Shares Rescue Agreement

| Net reduction of shareholders' funds | (60,306 | ) | (41,575 | ) |

| Opening shareholders' funds | 550,955 |  | 592,530 |  |

| Closing shareholders' funds | 490,649 |  | 550,955 |  |

** | TOTAL OF CLOSING SHAREHOLDERS' FUNDS FOR CURRENT YEAR AS SHOWN HERE | 490,649 |  |

| DOES NOT AGREE TO TOTAL PER BALANCE SHEET | 450,649 |  |

| PLEASE CHECK CLIENT SCREEN - NOTES TO FINANCIAL STATEMENTS - MOVEMENTS IN SHAREHOLDERS' FUNDS