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REGISTERED NUMBER: 01636698 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Astwell Augers Limited

Astwell Augers Limited (Registered number: 01636698)

Contents of the Financial Statements

for the Year Ended 31 October 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Astwell Augers Limited

Company Information

for the Year Ended 31 October 2025

| DIRECTORS: | Mr H C D Jones

| Mr P J Adams

| Mr J P Melton

| Mr D J Pond

| SECRETARY: | Mr P J Adams

| REGISTERED OFFICE: | Huntingdon Road

| Thrapston

| KETTERING

| Northamptonshire

| NN14 4PT

| REGISTERED NUMBER: | 01636698 (England and Wales)

| ACCOUNTANTS: | McCabe Ford Williams

| Bank Chambers

| 61 High Street

| Cranbrook

| Kent

| TN17 3EG

Astwell Augers Limited (Registered number: 01636698)

Balance Sheet

31 October 2025

| 31.10.25 | 31.10.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 33,352 |  | 39,693 |  |

Investments | 5 | 1 |  | 1 |  |

33,353 |  | 39,694 |  |

CURRENT ASSETS

Stocks | 167,505 |  | 177,078 |  |

Debtors | 6 | 153,675 |  | 143,681 |  |

Cash at bank and in hand | 484,476 |  | 558,521 |  |

805,656 |  | 879,280 |  |

CREDITORS

Amounts falling due within one year | 7 | 171,538 |  | 202,278 |  |

NET CURRENT ASSETS | 634,118 |  | 677,002 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 667,471 |  | 716,696 |  |

PROVISIONS FOR LIABILITIES | 8 | 5,822 |  | 7,973 |  |

NET ASSETS | 661,649 |  | 708,723 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 1,000 |  | 1,000 |  |

Retained earnings | 660,649 |  | 707,723 |  |

SHAREHOLDERS' FUNDS | 661,649 |  | 708,723 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Astwell Augers Limited (Registered number: 01636698)

Balance Sheet - continued

31 October 2025

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:

Mr P J Adams - Director

Mr J P Melton - Director

Astwell Augers Limited (Registered number: 01636698)

Notes to the Financial Statements

for the Year Ended 31 October 2025

1. | STATUTORY INFORMATION

| Astwell Augers 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.

| 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.

| Leasehold property | - | Over the term of the lease

| Improvements to property | - | Over the term of the lease

| Plant, machinery and equipment | - | 20% on cost and 10% on cost

| Motor vehicles | - | 20% on cost

| Stocks

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

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| 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.

Astwell Augers Limited (Registered number: 01636698)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Pension costs and other post-retirement benefits

| The company operates an auto enrolment compliant workplace pension scheme for the staff and directors. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 14 (2024 - 15 ) .

4. | TANGIBLE FIXED ASSETS

| Plant, |

| Improvements |  | machinery |

| Leasehold |  | to |  | and |  | Motor |

| property |  | property |  | equipment |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 November 2024 | 2,848 |  | 3,726 |  | 138,124 |  | 20,495 |  | 165,193 |  |

| Additions | - |  | 2,582 |  | 2,731 |  | - |  | 5,313 |  |

| Disposals | - |  | - |  | (905 | ) | - |  | (905 | ) |

| At 31 October 2025 | 2,848 |  | 6,308 |  | 139,950 |  | 20,495 |  | 169,601 |  |

| DEPRECIATION

| At 1 November 2024 | 2,113 |  | 2,733 |  | 111,313 |  | 9,341 |  | 125,500 |  |

| Charge for year | 285 |  | 1,315 |  | 5,050 |  | 4,099 |  | 10,749 |  |

| At 31 October 2025 | 2,398 |  | 4,048 |  | 116,363 |  | 13,440 |  | 136,249 |  |

| NET BOOK VALUE

| At 31 October 2025 | 450 |  | 2,260 |  | 23,587 |  | 7,055 |  | 33,352 |  |

| At 31 October 2024 | 735 |  | 993 |  | 26,811 |  | 11,154 |  | 39,693 |  |

5. | FIXED ASSET INVESTMENTS

| The company holds one ordinary £1 share in Astwell Augers Trustees Limited.

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

| 31.10.25 |  | 31.10.24

£ | £ |

| Trade debtors | 144,795 |  | 134,689 |  |

| Other debtors | 8,880 |  | 8,992 |  |

153,675 |  | 143,681 |  |

Astwell Augers Limited (Registered number: 01636698)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

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

| 31.10.25 |  | 31.10.24

£ | £ |

| Trade creditors | 103,453 |  | 120,994 |  |

| Taxation and social security | 48,863 |  | 56,451 |  |

| Other creditors | 19,222 |  | 24,833 |  |

171,538 |  | 202,278 |  |

8. | PROVISIONS FOR LIABILITIES

| 31.10.25 |  | 31.10.24

£ | £ |

| Deferred tax

| Accelerated capital allowances | 5,822 |  | 7,973 |  |

| Deferred |

| tax |

£ |

| Balance at 1 November 2024 | 7,973 |  |

| Accelerated capital allowances | (2,151 | ) |

| Balance at 31 October 2025 | 5,822 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.10.25 |  | 31.10.24

| value: | £ | £ |

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

10. | CONTINGENT LIABILITIES

| As explained in note 11, the company is guarantor of the loans due by the trustee of the Astwell Augers Employee Trust. In the event that the trustee defaults on the obligations under the terms of the loan, the company would be required to meet any deficit. This obligation is secured by a fixed and floating charge over all the company's property and undertaking.

Astwell Augers Limited (Registered number: 01636698)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

11. | EMPLOYEE OWNERSHIP TRUST

| On 12 June 2017, the entire issued share capital of the company was sold and it is now an "employee owned" company. To achieve this, a new trustee company named Astwell Augers Trustees Ltd was incorporated and acts as trustee of the Astwell Augers Employee Trust ("EOT"). The EOT now owns 100% of Astwell Augers Ltd.

| The funding for this transaction was achieved partly through an initial capital contribution of £500,000 from Astwell Augers Ltd and partly through loans from the previous shareholders of £783,000. The loans are held within the EOT but the funding for the repayments is intended to be made by Astwell Augers Ltd. Repayments totalling £548,100 had been made up to the start of this year with a further repayment of £78,300 being paid on 31 January 2025.

| The company is guarantor of the loans and interest due by the EOT and this is secured by a fixed and floating charge over all its property and undertaking. It has been determined that the EOT has the legal and beneficial ownership of the company's shares as a result of the influence that it has over its future direction. As a result of this fact the loans have not been recognised as a liability within the company's accounts but are disclosed as a contingent liability in note 10.

| During the year, interest of £16,696 was paid on the outstanding loan balances.