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REGISTERED NUMBER: 02704860 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 30 September 2025 |

| for |

| May & Scofield Limited |

| May & Scofield Limited (Registered number: 02704860) |

Contents of the Financial Statements

for the Year Ended 30 September 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| May & Scofield Limited |

Company Information

for the Year Ended 30 September 2025

| DIRECTORS: | G E James

| Mrs M S Scofield

| SECRETARY: | G E James

| REGISTERED OFFICE: | Stroudley Road

| Basingstoke

| Hampshire

| RG24 8UG

| REGISTERED NUMBER: | 02704860 (England and Wales)

| ACCOUNTANTS: | Lane Monnington Welton

| Chartered Accountants

| Riverside View

| Basing Road

| Old Basing

| Basingstoke

| Hampshire

| RG24 7AL

| May & Scofield Limited (Registered number: 02704860) |

Balance Sheet

30 September 2025

| 30.9.25 | 30.9.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,622,254 |  | 1,659,622 |  |

CURRENT ASSETS

Stocks | 1,383,248 |  | 1,312,636 |  |

Debtors | 5 | 918,754 |  | 1,223,278 |  |

Cash at bank and in hand | 63,898 |  | 38,879 |  |

2,365,900 |  | 2,574,793 |  |

CREDITORS

Amounts falling due within one year | 6 | 2,059,105 |  | 2,068,082 |  |

NET CURRENT ASSETS | 306,795 |  | 506,711 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,929,049 |  | 2,166,333 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (432,138 | ) | (575,381 | ) |

PROVISIONS FOR LIABILITIES | 10 | (71,792 | ) | (70,672 | ) |

NET ASSETS | 1,425,119 |  | 1,520,280 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 71 |  | 71 |  |

Revaluation reserve | 12 | 477,414 |  | 483,671 |  |

Capital redemption reserve | 4 |  | 4 |  |

Retained earnings | 947,630 |  | 1,036,534 |  |

SHAREHOLDERS' FUNDS | 1,425,119 |  | 1,520,280 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

| May & Scofield Limited (Registered number: 02704860) |

Balance Sheet - continued

30 September 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 8 December 2025 and were signed on its behalf by:

G E James - Director

| May & Scofield Limited (Registered number: 02704860) |

Notes to the Financial Statements

for the Year Ended 30 September 2025

1. | STATUTORY INFORMATION

| May & Scofield 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.

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.

| Long leasehold | - | over the remaining life of the lease

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

| Any revaluation increase is credited to the properties revaluation reserve. Revaluations are performed with sufficient regularity such that the carrying amount does not differ materially from that which would be determined using fair values at the balance sheet date.

| Stocks

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

| Financial instruments

| Debtors and creditors payable/receivable within one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

| Loans and borrowings

| Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

| May & Scofield Limited (Registered number: 02704860) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

2. | ACCOUNTING POLICIES - continued

| 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, adjusted for indexation where applicable.

| 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.

| 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.

| Hire purchase and leasing commitments

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

| 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.

| Impairment

| Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 32 (2024 - 34 ) .

| May & Scofield Limited (Registered number: 02704860) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Long |  | Plant and |  | and |  | Motor |

| leasehold |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST OR VALUATION

| At 1 October 2024 | 1,446,411 |  | 1,879,250 |  | 108,229 |  | 61,492 |  | 3,495,382 |  |

| Additions | - |  | 48,170 |  | - |  | - |  | 48,170 |  |

| At 30 September 2025 | 1,446,411 |  | 1,927,420 |  | 108,229 |  | 61,492 |  | 3,543,552 |  |

| DEPRECIATION

| At 1 October 2024 | 31,444 |  | 1,638,578 |  | 107,488 |  | 58,250 |  | 1,835,760 |  |

| Charge for year | 15,722 |  | 68,820 |  | 185 |  | 811 |  | 85,538 |  |

| At 30 September 2025 | 47,166 |  | 1,707,398 |  | 107,673 |  | 59,061 |  | 1,921,298 |  |

| NET BOOK VALUE

| At 30 September 2025 | 1,399,245 |  | 220,022 |  | 556 |  | 2,431 |  | 1,622,254 |  |

| At 30 September 2024 | 1,414,967 |  | 240,672 |  | 741 |  | 3,242 |  | 1,659,622 |  |

| Cost or valuation at 30 September 2025 is represented by:

| Fixtures |

| Long |  | Plant and |  | and |  | Motor |

| leasehold |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| Valuation in 2018 | 326,974 |  | - |  | - |  | - |  | 326,974 |  |

| Cost | 1,119,437 |  | 1,927,420 |  | 108,229 |  | 61,492 |  | 3,216,578 |  |

1,446,411 |  | 1,927,420 |  | 108,229 |  | 61,492 |  | 3,543,552 |  |

| If Long leasehold had not been revalued it would have been included at the following historical cost:

| 30.9.25 |  | 30.9.24

£ | £ |

| Cost | 1,119,437 |  | 1,119,437 |  |

| Aggregate depreciation | 277,086 |  | 267,621 |  |

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

| 30.9.25 |  | 30.9.24

£ | £ |

| Trade debtors | 809,829 |  | 1,130,835 |  |

| Other debtors | 108,925 |  | 92,443 |  |

918,754 |  | 1,223,278 |  |

| May & Scofield Limited (Registered number: 02704860) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

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

| 30.9.25 |  | 30.9.24

£ | £ |

| Bank loans and overdrafts | 1,076,533 |  | 1,078,871 |  |

| Hire purchase contracts (see note 8) | 49,304 |  | 46,197 |  |

| Trade creditors | 573,307 |  | 653,163 |  |

| Taxation and social security | 255,924 |  | 97,603 |  |

| Other creditors | 104,037 |  | 192,248 |  |

2,059,105 |  | 2,068,082 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.9.25 |  | 30.9.24

£ | £ |

| Bank loans | 373,852 |  | 473,058 |  |

| Hire purchase contracts (see note 8) | 58,286 |  | 102,323 |  |

432,138 |  | 575,381 |  |

| Included within creditors due more than one year are bank loans totalling £101,920 (2024 - £167,830) which are repayable by instalments in more than five years.

8. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

| 30.9.25 |  | 30.9.24 |

£ | £ |

| Net obligations repayable:

| Within one year | 49,304 |  | 46,197 |  |

| Between one and five years | 58,286 |  | 102,323 |  |

107,590 |  | 148,520 |  |

| Non-cancellable |

| operating leases |

| 30.9.25 |  | 30.9.24

£ | £ |

| Within one year | 44,100 |  | 44,100 |  |

| Between one and five years | 176,400 |  | 176,400 |  |

| In more than five years | 3,660,300 |  | 3,704,400 |  |

3,880,800 |  | 3,924,900 |  |

| May & Scofield Limited (Registered number: 02704860) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.9.25 |  | 30.9.24

£ | £ |

| Bank loans | 469,960 |  | 577,491 |  |

| Hire purchase contracts | 107,590 |  | 148,520 |  |

577,550 |  | 726,011 |  |

| The bank loans are secured by a legal charge over the leasehold property together with a fixed and floating charge over all assets owned by the company.

| The hire purchase contracts are secured on the assets to which they relate.

10. | PROVISIONS FOR LIABILITIES

| 30.9.25 |  | 30.9.24

£ | £ |

| Deferred tax

| Accelerated capital allowances | 92,015 |  | 95,545 |  |

| Tax losses carried forward | (20,223 | ) | (24,873 | ) |

71,792 |  | 70,672 |  |

| Deferred |

| tax |

£ |

| Balance at 1 October 2024 | 70,672 |  |

| Provided during year | 1,120 |  |

| Balance at 30 September 2025 | 71,792 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.9.25 |  | 30.9.24

| value: | £ | £ |

| 6,898 | Ordinary | 1p | 69 |  | 69 |  |

| 94 | A Ordinary | 1p | 1 |  | 1 |  |

| 10 | C Ordinary | 1p | 1 |  | 1 |  |

71 |  | 71 |  |

| The A Ordinary shares rank pari passu in all respects with the Ordinary shares of the company.

| The C Ordinary shares have no voting rights or rights to a return of capital and dividend rights only at the discretion of the Board.

| May & Scofield Limited (Registered number: 02704860) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

12. | RESERVES

| Revaluation

| reserve

£ |

| At 1 October 2024 | 483,671 |  |

| Revaluation transfer | (6,257 | ) |

| At 30 September 2025 | 477,414 |  |

13. | EMI SCHEME

| The company has an Enterprise Management Incentive Scheme in place. Mr G James had a option to purchase 1,879 B Ordinary Shares with an exercise price of £0.01 per share. These options expired in October 2024.