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REGISTERED NUMBER: 03785224 (England and Wales)

Strategic Report, Report of the Directors and |

Financial Statements |

for the Year Ended 31 October 2025 |

for |

ANSA Elevators Limited |

| ANSA Elevators Limited (Registered number: 03785224) |

Contents of the Financial Statements

for the Year Ended 31 October 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 3 |

| Report of the Independent Auditors | 4 |

| Statement of Income and Retained Earnings | 8 |

| Balance Sheet | 9 |

| Notes to the Financial Statements | 10 |

| ANSA Elevators Limited |

Company Information

for the Year Ended 31 October 2025

| DIRECTORS: | Mr M S Dunning ACA

| Mr G T Kennedy

| Mr A Greenhalgh

| Mr J Taylor

| Mr C J Etchells

| REGISTERED OFFICE: | 21 Broadgate

| Broadway Business Park

| Chadderton

| Lancashire

| OL9 9XA

| REGISTERED NUMBER: | 03785224 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Samuel Bacall BSc(Hons) BFP FCA

| AUDITORS: | Freedman Frankl & Taylor

| Statutory Auditors

| Chartered Accountants

| Reedham House

| 31 King Street West

| Manchester

| M3 2PJ

| ANSA Elevators Limited (Registered number: 03785224) |

Strategic Report

for the Year Ended 31 October 2025

The directors present their strategic report for the year ended 31 October 2025.

The activity of the company continued to be that of maintenance, repair, modernisation and the installation of lifts.

REVIEW OF BUSINESS

The results for the year and the financial position of the Company are shown in the annexed financial statements.

The year to 31st October 2025 has seen an increase in turnover of 7.40% and margins by 3.37%.

The Company's core values of excellent customer service and quality continue to underpin strong financial performance.

PRINCIPAL RISKS AND UNCERTAINTIES

The Company continues to see an increase in costs due general economic conditions.

The Company continues to take steps and is in a good position to deal with any issues, firstly the company's customer base and contract base is very diverse which ensures a hedged commercial risk, secondly the project order book and service contract base are very strong and the Company retains an excellent Net Asset and liquidity position.

FINANCIAL PERFORMANCE

Turnover has increased from last year by 7.40% and profit before tax by 43.74%.

KEY PERFORMANCE INDICATORS

| FY 2025 |  | FY 2024 |  |

Revenue increase |  | 7.40% |  | 7.95% |  |

Gross margin |  | 39.90% |  | 36.53% |  |

Average number of employees |  | 115 |  | 112 |  |

Profit Before Tax on turnover |  | 12.47% |  | 9.32% |  |

The current years management accounts confirm strong financial performance is continuing.

ON BEHALF OF THE BOARD:

Mr M S Dunning ACA - Director

23 June 2026

| ANSA Elevators Limited (Registered number: 03785224) |

Report of the Directors

for the Year Ended 31 October 2025

The directors present their report with the financial statements of the company for the year ended 31 October 2025.

DIVIDENDS

The total distribution of dividends for the year ended 31 October 2025 will be £ 1,000,000 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 November 2024 to the date of this report.

Mr M S Dunning ACA

Mr G T Kennedy

Mr A Greenhalgh

Mr J Taylor

Other changes in directors holding office are as follows:

Mr C J Etchells was appointed as a director after 31 October 2025 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

Mr M S Dunning ACA - Director

23 June 2026

Report of the Independent Auditors to the Members of

ANSA Elevators Limited

Opinion

We have audited the financial statements of ANSA Elevators Limited (the 'company') for the year ended 31 October 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 31 October 2025 and of its profit for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of

ANSA Elevators Limited

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of

ANSA Elevators Limited

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- the nature of the industry and sector, control environment and business performance;

- results of enquiries of management about their own identification and assessment of the risks of irregularities;

- any matters we identified having obtained and reviewed the Company's documentation of their policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

- the matters discussed among the audit engagement team and involving other internal specialists including tax regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risks of management override.

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and local tax legislation.

Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management concerning actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and

- in addressing the risks of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of

ANSA Elevators Limited

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Samuel Bacall BSc(Hons) BFP FCA (Senior Statutory Auditor)

for and on behalf of Freedman Frankl & Taylor

Statutory Auditors

Chartered Accountants

Reedham House

31 King Street West

Manchester

M3 2PJ

24 June 2026

| ANSA Elevators Limited (Registered number: 03785224) |

Statement of Income and

Retained Earnings

for the Year Ended 31 October 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 3 | 17,235,930 |  | 16,047,665 |  |

Cost of sales | (10,358,438 | ) | (10,185,652 | ) |

GROSS PROFIT | 6,877,492 |  | 5,862,013 |  |

Administrative expenses | (4,812,454 | ) | (4,434,057 | ) |

OPERATING PROFIT | 5 | 2,065,038 |  | 1,427,956 |  |

Interest receivable and similar income | 83,812 |  | 67,050 |  |

PROFIT BEFORE TAXATION | 2,148,850 |  | 1,495,006 |  |

Tax on profit | 6 | (564,919 | ) | (379,609 | ) |

PROFIT FOR THE FINANCIAL YEAR | 1,583,931 |  | 1,115,397 |  |

Retained earnings at beginning of year | 3,208,374 |  | 2,842,977 |  |

Dividends | 7 | (1,000,000 | ) | (750,000 | ) |

RETAINED EARNINGS AT END OF YEAR | 3,792,305 |  | 3,208,374 |  |

| ANSA Elevators Limited (Registered number: 03785224) |

Balance Sheet

31 October 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 8 | 969,881 |  | 966,083 |  |

CURRENT ASSETS

Debtors | 9 | 4,117,912 |  | 4,409,718 |  |

Cash at bank | 3,017,065 |  | 2,388,601 |  |

7,134,977 |  | 6,798,319 |  |

CREDITORS

Amounts falling due within one year | 10 | (4,077,412 | ) | (4,331,698 | ) |

NET CURRENT ASSETS | 3,057,565 |  | 2,466,621 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,027,446 |  | 3,432,704 |  |

PROVISIONS FOR LIABILITIES | 12 | (230,141 | ) | (219,330 | ) |

NET ASSETS | 3,797,305 |  | 3,213,374 |  |

CAPITAL AND RESERVES

Called up share capital | 13 | 5,000 |  | 5,000 |  |

Retained earnings | 14 | 3,792,305 |  | 3,208,374 |  |

SHAREHOLDERS' FUNDS | 3,797,305 |  | 3,213,374 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2026 and were signed on its behalf by:

Mr M S Dunning ACA - Director

| ANSA Elevators Limited (Registered number: 03785224) |

Notes to the Financial Statements

for the Year Ended 31 October 2025

1. | STATUTORY INFORMATION

| ANSA Elevators 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

| • | the requirements of Section 7 Statement of Cash Flows.

| ANSA Elevators Limited (Registered number: 03785224) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| Significant judgements and estimates

| In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revision to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

| Significant accounting Judgements

| The significant accounting judgements that the directors have made in the process of applying the Company's accounting policies that have the most significant effect on the amounts recognised in the statutory financial statements are in respect of turnover and tangible fixed assets as discussed below.

| Key sources of estimation uncertainty

| The key assumptions concerning the future, and other key sources of estimation uncertainty, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are disclosed below.

| The turnover policy, as described below, requires forecasts to be made of the outcomes of long-term construction contracts. These require assessments and judgements to be made on the recovery of pre-contract costs, changes in the scope of work and changes in costs. The range of potential outcomes could result in a positive or negative change to underlying profitability and cash flow.

| These provisions are made for expected future losses on incomplete contracts. These provision require management's best estimate of the costs that will be required to complete contracts based on contractual requirements.

| Assessing indicators of impairment

| In assessing whether there have been any indicators of impairment assets, the directors have considered both external and internal sources of information such as market conditions and experience of recoverability. There have been no indicators of impairments identified during the current financial year.

| Stock and work in progress

| Profit on contracting is taken on short-term contracts when completed, and for long-term contracts revenue and costs are recognized using the input method, which measures progress based on payroll hours spent. This method requires reliable data on the stage of completion to ensure accurate recognition; provision is made for any anticipated losses. Amounts, by which turnover in respect of long-term contracts exceed payment on account, are held in debtors as amounts recoverable on contracts. Amounts received in respect of long-term contracts, in excess of amounts reflected in turnover, are held in creditors as payments on account.

| Tangible fixed assets

| Tangible fixed assets, are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

| ANSA Elevators Limited (Registered number: 03785224) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| Turnover

| Turnover is measured at the fair value of the consideration received and receivable for services provided, net of trade discounts and value added tax. Turnover from contracting and service activities represents the value of work carried out during the year, including amounts not invoiced.

| When the outcome of individual construction and service contracts can be foreseen with reasonable certainty and can be estimated reliably, margin is recognised by reference to the stage of completion, based on the lower of the percentage margin earned to date and that prudently forecast at completion. Full provision is made for all known or expected losses on individual contracts immediately once such losses are foreseen.Variation in work, claims and incentive payments are included to the extent that it is probable they will result in revenue.

| Interest income

| Bank and other interest is recognised in the period in which it was received.

| Tangible fixed assets

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

| Leasehold improvements | - | The period of the lease

| Plant and machinery | - | 25% on cost

| Fixtures and fittings | - | 25% on cost

| Motor vehicles | - | 25% on cost

| Computer equipment | - | 25% on cost

| Tangible fixed assets are recorded at cost less accumulated depreciation and accumulated impairment losses.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

| 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.

| ANSA Elevators Limited (Registered number: 03785224) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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.

| Going concern

| The company's financial statements for the year ended 31st October 2025 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the company.

| An analysis of turnover by class of business is given below:

| 2025 |  | 2024

£ | £ |

| Construction | 7,205,796 |  | 7,205,212 |  |

| Maintenance | 10,030,134 |  | 8,842,453 |  |

17,235,930 |  | 16,047,665 |  |

4. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 4,321,280 |  | 4,086,413 |  |

| Social security costs | 515,089 |  | 430,126 |  |

| Other pension costs | 205,127 |  | 193,080 |  |

5,041,496 |  | 4,709,619 |  |

| The average number of employees during the year was as follows:

| 2025 |  | 2024

| Administration | 47 |  | 44 |  |

| Direct labour | 68 |  | 68 |  |

115 |  | 112 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | - |  | - |  |

| ANSA Elevators Limited (Registered number: 03785224) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

5. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 409,861 |  | 307,836 |  |

| Profit on disposal of fixed assets | (96,823 | ) | (40,814 | ) |

| Auditors' remuneration | 16,575 |  | 17,745 |  |

| Operating lease - land & buildings | 95,000 |  | 95,000 |  |

6. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 554,108 |  | 299,566 |  |

| Deferred tax | 10,811 |  | 80,043 |  |

| Tax on profit | 564,919 |  | 379,609 |  |

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 2,148,850 |  | 1,495,006 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 537,213 |  | 373,752 |  |

| Effects of:

| Expenses not deductible for tax purposes | 5,556 |  | 6,335 |  |

| Capital allowances in excess of depreciation | - |  | (478 | ) |

| Depreciation in excess of capital allowances | 22,150 |  | - |  |

| of rate change |

| Total tax charge | 564,919 |  | 379,609 |  |

7. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Interim | 1,000,000 |  | 750,000 |  |

| ANSA Elevators Limited (Registered number: 03785224) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

8. | TANGIBLE FIXED ASSETS

| Fixtures

| Leasehold |  | Plant and |  | and

| improvements |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 November 2024 | 68,157 |  | 106,942 |  | 64,616 |  |

| Additions | 3,115 |  | 12,013 |  | 819 |  |

| Disposals | - |  | - |  | (452 | ) |

| At 31 October 2025 | 71,272 |  | 118,955 |  | 64,983 |  |

| DEPRECIATION

| At 1 November 2024 | 41,728 |  | 75,786 |  | 58,919 |  |

| Charge for year | 3,723 |  | 12,426 |  | 3,743 |  |

| Eliminated on disposal | - |  | - |  | (226 | ) |

| At 31 October 2025 | 45,451 |  | 88,212 |  | 62,436 |  |

| NET BOOK VALUE

| At 31 October 2025 | 25,821 |  | 30,743 |  | 2,547 |  |

| At 31 October 2024 | 26,429 |  | 31,156 |  | 5,697 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 November 2024 | 1,825,736 |  | 418,433 |  | 2,483,884 |  |

| Additions | 452,473 |  | 16,522 |  | 484,942 |  |

| Disposals | (371,327 | ) | (275,238 | ) | (647,017 | ) |

| At 31 October 2025 | 1,906,882 |  | 159,717 |  | 2,321,809 |  |

| DEPRECIATION

| At 1 November 2024 | 1,007,392 |  | 333,976 |  | 1,517,801 |  |

| Charge for year | 354,420 |  | 35,549 |  | 409,861 |  |

| Eliminated on disposal | (331,325 | ) | (244,183 | ) | (575,734 | ) |

| At 31 October 2025 | 1,030,487 |  | 125,342 |  | 1,351,928 |  |

| NET BOOK VALUE

| At 31 October 2025 | 876,395 |  | 34,375 |  | 969,881 |  |

| At 31 October 2024 | 818,344 |  | 84,457 |  | 966,083 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 2,169,565 |  | 3,233,801 |  |

| Amounts owed by group undertakings | 1,189,613 |  | 270,070 |  |

| Amounts recoverable on contract | 492,981 |  | 697,830 |  |

| Other debtors | 16,600 |  | 17,466 |  |

| Prepayments | 249,153 |  | 190,551 |  |

4,117,912 |  | 4,409,718 |  |

| ANSA Elevators Limited (Registered number: 03785224) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

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

2025 | 2024 |

£ | £ |

| Trade creditors | 2,143,114 |  | 2,867,608 |  |

| Tax | 479,109 |  | 299,567 |  |

| Social security and other taxes | 520,307 |  | 427,258 |  |

| Other creditors | 703,018 |  | 501,196 |  |

| Accrued expenses | 231,864 |  | 236,069 |  |

4,077,412 |  | 4,331,698 |  |

11. | LEASING AGREEMENTS

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

2025 | 2024 |

£ | £ |

| Within one year | 101,500 |  | 95,000 |  |

| Between one and five years | 406,000 |  | 380,000 |  |

| In more than five years | - |  | 95,000 |  |

507,500 |  | 570,000 |  |

12. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 230,141 |  | 219,330 |  |

| Deferred |

| tax |

£ |

| Balance at 1 November 2024 | 219,330 |  |

| Charge to income statement | 10,811 |  |

| during year |

| Balance at 31 October 2025 | 230,141 |  |

| Analysis of deferred tax balance

|  | 2025 |  | 2024 |  |

|  | £ |  | £ |  |

| Accelerated capital allowances |  | 232,363 |  | 219,330 |  |

13. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 5,000 | Ordinary | £1 | 5,000 |  | 5,000 |  |

| ANSA Elevators Limited (Registered number: 03785224) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

14. | RESERVES

| Retained

| earnings

£ |

| At 1 November 2024 | 3,208,374 |  |

| Profit for the year | 1,583,931 |  |

| Dividends | (1,000,000 | ) |

| At 31 October 2025 | 3,792,305 |  |

15. | ULTIMATE PARENT COMPANY

| The company's immediate parent entity is ANSA Elevators Group Limited, its ultimate holding company is ANSA Elevators AB Ltd, both entities are registered in England and Wales. Copies of the financial statement for ANSA Elevators Group Limited and the consolidated financial statements for ANSA Elevators AB Ltd can be obtained from the registered office of that entity which is the same as this company and the address can be found on the Company Information page.

16. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| During the year, the company was charged £95,000 (2024: £95,000) in rent by an entity in which some of the directors of the company, have a material interest. At 31 October 2025, the balance outstanding was nil (2024: nil).

| During the year, the group was charged £118,168 (2024: £112,008) for services by a company owned by close family members of one of the directors of the group. At 31 October 2025, there was £15,947 (2024: Nil) owed to this company.