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REGISTERED NUMBER: 02155839

VASECO LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

VASECO LIMITED (REGISTERED NUMBER: 02155839)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

VASECO LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 28 FEBRUARY 2026

| DIRECTORS: | P N Frank

| J E Frank

| M Frank

| SECRETARY: | J E Frank

| REGISTERED OFFICE: | Bromley House

| Barlow Drive

| Woodford Park Industrial Estate

| Winsford

| Cheshire

| CW7 2JZ

| REGISTERED NUMBER: | 02155839

| ACCOUNTANTS: | Murray Smith LLP

| Chartered Accountants

| Darland House

| 44 Winnington Hill

| Northwich

| Cheshire

| CW8 1AU

VASECO LIMITED (REGISTERED NUMBER: 02155839)

BALANCE SHEET

28 FEBRUARY 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 376,306 |  | 333,082 |  |

CURRENT ASSETS

Stocks | 5 | 451,270 |  | 361,842 |  |

Debtors | 6 | 335,236 |  | 343,501 |  |

Cash at bank and in hand | 117,222 |  | 336,114 |  |

903,728 |  | 1,041,457 |  |

CREDITORS

Amounts falling due within one year | 7 | 156,353 |  | 157,010 |  |

NET CURRENT ASSETS | 747,375 |  | 884,447 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,123,681 |  | 1,217,529 |  |

PROVISIONS FOR LIABILITIES | 84,966 |  | 73,034 |  |

NET ASSETS | 1,038,715 |  | 1,144,495 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 1,075 |  | 1,075 |  |

Share premium | 22,425 |  | 22,425 |  |

Profit and loss account | 1,015,215 |  | 1,120,995 |  |

SHAREHOLDERS' FUNDS | 1,038,715 |  | 1,144,495 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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.

VASECO LIMITED (REGISTERED NUMBER: 02155839)

BALANCE SHEET - continued

28 FEBRUARY 2026

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 20 April 2026 and were signed on its behalf by:

P N Frank - Director

VASECO LIMITED (REGISTERED NUMBER: 02155839)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

1. | STATUTORY INFORMATION

| Vaseco 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.

| Significant judgements and key sources of estimated uncertainty

| The company continually reviews its approach to estimations and judgements within the financial statements with a view to mitigate material misstatements. Historical experience along with other factors are used to create prudent accounting policies. Combining these policies with informed forecasts of the company's future, enables fair and consistent assumptions and estimates to be concluded.

| Significant provisions are monitored by management and best estimates are maintained in accordance with any legal or contractual requirements.

| Turnover

| Turnover represents the value of goods and services provided during the year, excluding value added tax.

| Tangible fixed assets

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

| Plant and machinery | 10% On cost |  |

| Motor vehicles | 10% - 20% On cost |  |

| Office/Computer equipment | 15% - 20% On cost |  |

| Fixtures and fittings | 10% On cost |  |

| Stocks

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

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred.

| 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.

| Operating leases

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Deferred taxation

| Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

VASECO LIMITED (REGISTERED NUMBER: 02155839)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2026

2. | ACCOUNTING POLICIES - continued

| Cash and cash equivalents

| Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

| Trade debtors

| Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of the business.

| Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

| Trade creditors

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

| Share capital

| Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on the present value basis.

| Government grants

| Grants are included in the profit and loss account on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown on the balance sheet. Where income is received in advance of meeting any performance-related conditions there is not unconditional entitlement to the income and its recognition is deferred and included in creditors as deferred income until the performance-related conditions are met. Where entitlement occurs before income is received, the income is accrued.

| Provisions

| Provisions are recognised when the Company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are measured at the present value of management's best estimate of the expenditure required to settle the present obligation at the end of the reporting period, and are discounted to present value where the effect is material.

| Employee benefits

| (a) Wages and salaries and annual leave

| Liabilities for wages and salaries and annual leave are recognised and are measured as the amount unpaid at the reporting date at current pay rates in respect of employees' services up to that date. They are expected to be settled within one year.

| (b) Pensions

| The Company makes contributions to employees' pension schemes. Contributions payable are charged to profit or loss in the period in which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 14 (2025 - 12 ) .

VASECO LIMITED (REGISTERED NUMBER: 02155839)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2026

4. | TANGIBLE FIXED ASSETS

| Fixtures |

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

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

£ | £ | £ | £ | £ |

| COST

| At 1 March 2025 | 822,359 |  | 258,890 |  | 23,594 |  | 47,206 |  | 1,152,049 |  |

| Additions | 107,117 |  | - |  | - |  | 1,607 |  | 108,724 |  |

| At 28 February 2026 | 929,476 |  | 258,890 |  | 23,594 |  | 48,813 |  | 1,260,773 |  |

| DEPRECIATION

| At 1 March 2025 | 581,444 |  | 182,996 |  | 23,594 |  | 30,933 |  | 818,967 |  |

| Charge for year | 49,880 |  | 11,706 |  | - |  | 3,914 |  | 65,500 |  |

| At 28 February 2026 | 631,324 |  | 194,702 |  | 23,594 |  | 34,847 |  | 884,467 |  |

| NET BOOK VALUE

| At 28 February 2026 | 298,152 |  | 64,188 |  | - |  | 13,966 |  | 376,306 |  |

| At 28 February 2025 | 240,915 |  | 75,894 |  | - |  | 16,273 |  | 333,082 |  |

5. | STOCKS

2026 | 2025 |

£ | £ |

| Raw materials | 451,270 |  | 361,842 |  |

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

2026 | 2025 |

£ | £ |

| Trade debtors | 320,534 |  | 324,380 |  |

| Prepayments | 14,702 |  | 19,121 |  |

335,236 |  | 343,501 |  |

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

2026 | 2025 |

£ | £ |

| Trade creditors | 87,202 |  | 50,198 |  |

| Amounts owed to group undertakings | 18 |  | 472 |  |

| Corporation tax | 54,852 |  | 81,212 |  |

| Social security and other taxes | 7,686 |  | 13,154 |  |

| Directors' current accounts | 1,591 |  | 1,812 |  |

| Accrued expenses | 5,004 |  | 10,162 |  |

156,353 |  | 157,010 |  |

VASECO LIMITED (REGISTERED NUMBER: 02155839)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2026

8. | LEASING AGREEMENTS

| The following operating lease payments are committed to be paid:

|  | 2025 |  |  | 2024 |  |

|  | £ |  |  | £ |  |

| Expiring: |  |

| Within one year |  | - |  |  | 594 |  |

| Between one and five years |  | - |  |  | - |  |

|  | - |  |  | 594 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2026 | 2025 |

| value: | £ | £ |

| 1,000 | Ordinary A | £1 | 1,000 |  | 1,000 |  |

| 75 | Ordinary B | £1 | 75 |  | 75 |  |

1,075 |  | 1,075 |  |

10. | CONTINGENT LIABILITIES

| The company is a member of a Value Added Tax Group with Vaseco Holdings Limited. The VAT reclaimable by the group at the year end was £26,651 (2025: £19,037).

11. | ULTIMATE CONTROLLING PARTY

| Vaseco Holdings Limited is the ultimate controlling party which is controlled by the director, P Frank.

| At the year end £18 was owed to Vaseco Holdings Limited, (2025: £472 was owed to Vaseco Holdings Limited).