REGISTERED NUMBER: SC219863 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

LIGHT-FAB ENGINEERING LTD.

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr D K Esson

Mr M Esson

REGISTERED OFFICE:

Unit 20 Woodlands Drive

Kirkhill Industrial Estate, Dyce

Aberdeen

AB21 0GW

REGISTERED NUMBER:

SC219863 (Scotland)

ACCOUNTANTS:

Mint Accounting Ltd

63 Dock Street

Dundee

Scotland

DD1 3DU

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Light-Fab Engineering Ltd. for the year ended 31 July 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Light-Fab Engineering Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Light-Fab Engineering Ltd. and state those matters that we have agreed to state to the Board of Directors of Light-Fab Engineering Ltd., as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Light-Fab Engineering Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Light-Fab Engineering Ltd.. You consider that Light-Fab Engineering Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Light-Fab Engineering Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Mint Accounting Ltd

63 Dock Street

Dundee

Scotland

DD1 3DU

21 April 2026

FIXED ASSETS

Tangible assets

4

306,216

306,509

CURRENT ASSETS

Debtors

5

302,413

601,982

Prepayments and accrued income

34,634

34,145

Cash at bank

1,619,227

1,130,042

1,956,274

1,766,169

CREDITORS

Amounts falling due within one year

6

332,761

429,001

NET CURRENT ASSETS

1,623,513

1,337,168

TOTAL ASSETS LESS CURRENT LIABILITIES

1,929,729

1,643,677

PROVISIONS FOR LIABILITIES

74,134

74,053

NET ASSETS

1,855,595

1,569,624

CAPITAL AND RESERVES

Called up share capital

5

4

Retained earnings

1,855,590

1,569,620

SHAREHOLDERS' FUNDS

1,855,595

1,569,624

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 21 April 2026 and were signed on its behalf by:

Mr D K Esson - Director

Mr M Esson - Director

1.	STATUTORY INFORMATION

Light-Fab Engineering Ltd. 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

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.

Turnover

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

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant & Machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

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.

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 18 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant &

and

property

Machinery

fittings

£

£

£

COST

At 1 August 2024

21,418

536,295

22,209

Additions

-

27,062

572

Disposals

-

(2,500

)

-

At 31 July 2025

21,418

560,857

22,781

DEPRECIATION

At 1 August 2024

6,496

297,928

19,206

Charge for year

2,141

48,293

674

Eliminated on disposal

-

(2,361

)

-

At 31 July 2025

8,637

343,860

19,880

NET BOOK VALUE

At 31 July 2025

12,781

216,997

2,901

At 31 July 2024

14,922

238,367

3,003

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 August 2024

85,376

9,932

675,230

Additions

39,040

656

67,330

Disposals

(26,500

)

(1,910

)

(30,910

)

At 31 July 2025

97,916

8,678

711,650

DEPRECIATION

At 1 August 2024

40,128

4,963

368,721

Charge for year

8,860

965

60,933

Eliminated on disposal

(20,094

)

(1,765

)

(24,220

)

At 31 July 2025

28,894

4,163

405,434

NET BOOK VALUE

At 31 July 2025

69,022

4,515

306,216

At 31 July 2024

45,248

4,969

306,509

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

300,353

600,937

Other debtors

2,060

1,045

302,413

601,982

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade creditors

126,278

230,188

Taxation and social security

79,447

69,795

Other creditors

127,036

129,018

332,761

429,001

7.	LEASING AGREEMENTS

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

31.7.25

31.7.24

£

£

Within one year

27,500

55,000

Between one and five years

-

27,500

27,500

82,500

The amount of non-cancellable operating lease payments recognised as an expense during the year was £55,000 (2024 - £55,000).

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2025 and 31 July 2024:

31.7.25

31.7.24

£

£

Mr D K Esson

Balance outstanding at start of year

1,044

(55

)

Amounts advanced

1,328

1,447

Amounts repaid

(312

)

(348

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,060

1,044