REGISTERED NUMBER: SC192574 (Scotland)

Financial Statements for the Year Ended 28 February 2026

for

Power Transmission Equipment Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E Insch

D Insch

S Insch

SECRETARY:

Mrs M R Insch

REGISTERED OFFICE:

7 Sunnyside Gardens

Drumoak

Banchory

Aberdeenshire

AB31 5EZ

REGISTERED NUMBER:

SC192574 (Scotland)

ACCOUNTANTS:

Mackay Johnson Ltd

2 North Ness Business Park

Lerwick

Shetland

ZE1 0LZ

FIXED ASSETS

Tangible assets

4

40,369

54,051

Investments

5

16,744

16,258

57,113

70,309

CURRENT ASSETS

Stocks

111,851

110,517

Debtors

6

209,489

168,135

Cash at bank

500,029

543,042

821,369

821,694

CREDITORS

Amounts falling due within one year

7

280,194

292,829

NET CURRENT ASSETS

541,175

528,865

TOTAL ASSETS LESS CURRENT LIABILITIES

598,288

599,174

PROVISIONS FOR LIABILITIES

6,613

9,811

NET ASSETS

591,675

589,363

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Revaluation reserve

8

-

6,237

Retained earnings

586,675

578,126

SHAREHOLDERS' FUNDS

591,675

589,363

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.

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 30 April 2026 and were signed on its behalf by:

S Insch - Director

1.	STATUTORY INFORMATION

Power Transmission Equipment 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 as modified by the revaluation of certain assets.

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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

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 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 March 2025

and 28 February 2026

23,479

70,740

94,219

DEPRECIATION

At 1 March 2025

22,797

17,371

40,168

Charge for year

339

13,343

13,682

At 28 February 2026

23,136

30,714

53,850

NET BOOK VALUE

At 28 February 2026

343

40,026

40,369

At 28 February 2025

682

53,369

54,051

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 March 2025

16,258

Revaluations

486

At 28 February 2026

16,744

NET BOOK VALUE

At 28 February 2026

16,744

At 28 February 2025

16,258

Cost or valuation at 28 February 2026 is represented by:

Other

investments

£

Valuation in 2019

3,240

Valuation in 2020

585

Valuation in 2021

221

Valuation in 2022

969

Valuation in 2023

(505

)

Valuation in 2024

824

Valuation in 2025

903

Valuation in 2026

486

Cost

10,021

16,744

Fixed asset investments were valued on an open market basis on by The Prudential Assurance Company Limited .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade debtors

206,644

158,595

Other debtors

2,845

9,540

209,489

168,135

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade creditors

143,330

123,020

Taxation and social security

49,361

43,127

Other creditors

87,503

126,682

280,194

292,829

8.

RESERVES

Revaluation

reserve

£

At 1 March 2025

6,237

Release from reserves

(6,237

)

At 28 February 2026

-