ACCOUNTS - Final Accounts preparation

Creditors: Amounts falling due within one year

Registered number: SC618646

ECO-PROCESS SOLUTIONS LIMITED

FINANCIAL STATEMENTS

31 JULY 2025


ECO-PROCESS SOLUTIONS LIMITED REGISTERED NUMBER:SC618646

STATEMENT OF FINANCIAL POSITION

AS AT 31 JULY 2025


	2025	2024
Note	£	£

Fixed assets
Tangible assets	4		5,575,185		6,075,815
			5,575,185		6,075,815
Current assets
Debtors: amounts falling due within one year	5	1,104,215		821,786
Cash at bank and in hand		12,152		114,368
		1,116,367		936,154
Creditors: amounts falling due within one year	6	(2,421,485)		(1,773,696)
Net current liabilities			(1,305,118)		(837,542)
Total assets less current liabilities			4,270,067		5,238,273
Creditors: amounts falling due after more than one year	7		(4,944,273)		(6,509,597)

Net liabilities			(674,206)		(1,271,324)

Page 1


ECO-PROCESS SOLUTIONS LIMITED REGISTERED NUMBER:SC618646

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JULY 2025


	2025	2024
Note	£	£

Capital and reserves
Called up share capital	8	1	1
Revaluation reserve	9	248,042	648,042
Profit and loss account	9	(922,249)	(1,919,367)
		(674,206)	(1,271,324)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Ms D Daly

Director

Date: 20 February 2026

The notes on pages 5 to 13 form part of these financial statements.

Page 2


ECO-PROCESS SOLUTIONS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JULY 2025

	Called up share capital	Revaluation reserve	Profit and loss account	Total equity
	£	£	£	£
At 1 August 2024	1	648,042	(1,919,367)	(1,271,324)
Comprehensive income for the year
Profit for the year	-	-	997,118	997,118
Deficit on revaluation of other fixed assets	-	(400,000)	-	(400,000)
Other comprehensive income for the year	-	(400,000)	-	(400,000)
Total comprehensive income for the year	-	(400,000)	997,118	597,118
Total transactions with owners	-	-	-	-
At 31 July 2025	1	248,042	(922,249)	(674,206)

The notes on pages 5 to 13 form part of these financial statements.

Page 3


ECO-PROCESS SOLUTIONS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JULY 2024

	Called up share capital	Revaluation reserve	Profit and loss account	Total equity
	£	£	£	£
At 1 August 2023	1	748,042	(1,760,782)	(1,012,739)
Comprehensive income for the year
Loss for the year	-	-	(158,585)	(158,585)
Deficit on revaluation of other fixed assets	-	(100,000)	-	(100,000)
Other comprehensive income for the year	-	(100,000)	-	(100,000)
Total comprehensive income for the year	-	(100,000)	(158,585)	(258,585)
Total transactions with owners	-	-	-	-
At 31 July 2024	1	648,042	(1,919,367)	(1,271,324)

The notes on pages 5 to 13 form part of these financial statements.

Page 4


ECO-PROCESS SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1.	General information

Eco-Process Solutions Limited is a private company limited by shares incorporated in Scotland. The company registered number is SC618646. The registered office address and principal place of business is 6 Annan Business Park Way, Annan, Dumfries and Galloway, Scotland, DG12 6TZ.
The financial statements have been presented in Pounds Sterling, and this is the functional currency of
the company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

2.2

Going concern

Notwithstanding the net liabilities position at the period end, the financial statements have been prepared on the going concern basis. The company was profitable in the year, even after discounting the loan write off disclosed as an exceptional item. Post year end information shows continued strong performance and forecasts spanning past 12 months from the date of signing demonstrate the projected strength of future performance. After consideration of all factors, the directors continue to adopt the going concern basis in preparing the financial statements.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 5


ECO-PROCESS SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)

2.4

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 6


ECO-PROCESS SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)

2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:.

Depreciation is provided on the following basis:

Land and buildings	-	4% straight line
Fixtures and fittings	-	15% reducing balance
Office equipment	-	20% straight line
Small plant and equipment	-	15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.12

Revaluation of tangible fixed assets

Fair values are determined from market based evidence undertaken by professionally qualified valuers.
Plant and machinery is carried at fair value determined annually by an external valuer and derived from the current market value of the plant and machinery. No depreciation is provided.
Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 7


ECO-PROCESS SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)

2.16

Exceptional items

Exceptional items are material income or expense items that arise from ordinary activities but are unusual in size or nature. As such they have been recognised in a separate line on the statement of comprehensive income.

Employees

The average monthly number of employees, including directors, during the year was 20 (2024 - 22).

Page 8


ECO-PROCESS SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

4.	Tangible fixed assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Office equipment	Small plant and equipment
	£	£	£	£	£
Cost or valuation
At 1 August 2024	2,937,334	3,400,000	13,168	10,556	87,416
Additions	3,685	-	-	-	33,573
Revaluations	-	(400,000)	-	-	-
At 31 July 2025	2,941,019	3,000,000	13,168	10,556	120,989
Depreciation
At 1 August 2024	347,607	-	5,927	6,014	13,112
Charge for the year on owned assets	117,619	-	1,975	2,111	16,182
At 31 July 2025	465,226	-	7,902	8,125	29,294
Net book value
At 31 July 2025	2,475,793	3,000,000	5,266	2,431	91,695
At 31 July 2024	2,589,727	3,400,000	7,242	4,542	74,304

Page 9


ECO-PROCESS SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

4.Tangible fixed assets (continued)

		Total
		£
	Cost or valuation
	At 1 August 2024	6,448,474
	Additions	37,258
	Revaluations	(400,000)
	At 31 July 2025	6,085,732
	Depreciation
	At 1 August 2024	372,660
	Charge for the year on owned assets	137,887
	At 31 July 2025	510,547
	Net book value
	At 31 July 2025	5,575,185
	At 31 July 2024	6,075,815

Plant and machinery has been revalued by an independent valuer, Tallon Asset Valuers & Auctioneers. The plant and machinery was revalued to £3m as at 31 July 2025 and will be revalued annually.

If the plant and machinery had not been included at valuation they would have been included under the historical cost convention as follows:
	2025	2024
	£	£


Cost	2,751,958	2,751,958
Accumulated depreciation	(1,573,664)	(1,365,730)
Net book value	1,178,294	1,386,228

Page 10


ECO-PROCESS SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Debtors

					2025	2024
					£	£


Trade debtors	863,883	810,141
Amounts owed by group undertakings	101,558	1
Other debtors	89,606	11,644
Prepayments and accrued income	49,168	-
	1,104,215	821,786

Bank loans	469,908	10,000
Trade creditors	329,196	324,848
Amounts owed to group undertakings	322,504	512,041
Other taxation and social security	452,299	249,158
Other creditors	817,303	658,549
Accruals and deferred income	30,275	19,100
	2,421,485	1,773,696

Bank loans are secured by fixed and floating charge over the assets of the company.

Included in other creditors is an invoice factoring account, amounts owed are secured on the trade debtors of the company.

Bank loans	4,944,273	6,367,126
Other creditors	-	142,471
	4,944,273	6,509,597

Bank loans are secured by fixed and floating charge over the assets of the company, including all freehold, heritable and leasehold properties.
The amount shown above is repayable in full within 6 years.

Page 11


ECO-PROCESS SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1 (2024 - 1) Ordinary share of £1.00	1	1

Reserves

Revaluation reserve

The revaluation reserve represents the amount of unrealised surplus created when the plant and machinery was revalued, less any deferred tax provision. The reserve represents non-distributable funds.

Profit and loss account

This reserve comprises of accumulated distributable profits and losses.

10.	Pension commitments

The pension cost charge represents contributions payable by the company to the fund and amounted to £12,491 (2024 - £12,647). Contributions totalling £2,291 (2024 - £2,427) were payable to the fund at the reporting date.

11.Commitments under operating leases

At 31 July 2025 the company had future minimum lease payments under non-cancellable operating leases of £6,024 (2024 - £Nil).

12.	Related party transactions
	The company has taken the section 33.1a exemption not to disclose transactions with its parent company or fellow wholly owned subsidiaries.

13.	Exceptional items

Eco-Process Solutions Limited underwent a refinancing exercise in the year. Part of this arrangement was to settle the £6.4m loan included within creditors, and an agreement was reached with the loan provider to waive £0.8m of this balance. The amount of £789,450 has been recognised as an exceptional item within the statement of comprehensive income.

Page 12


ECO-PROCESS SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

14.	Controlling party

This company's parent undertaking is Eco-Genics (Holdings) Ltd, a company registered in Scotland, company number SC482952. Its registered office address is 6 Annan Business Park, Annan, Dumfries and Galloway, Scotland, DG12 6TZ.
The consolidated accounts of Eco-Genics (Holdings) Ltd, which include Eco-Process Solutions Limited, are available to the public and may be obtained from the Register of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.
The company was under the control of Mr & Mrs Black throughout the current and prior period.

15.	Auditors' information

The auditors' report on the financial statements for the year ended 31 July 2025 was unqualified.

The audit report was signed on 20 February 2026 by Joanna Gray (Senior statutory auditor) on behalf of Armstrong Watson Audit Limited.

Page 13