REGISTERED NUMBER: 06226181 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2026

for

Warsett Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I Winspear

S Hetherington

REGISTERED OFFICE:

Room 103

The Innovation Centre

Kirkleatham Business Park

Redcar

Cleveland

TS10 5SH

REGISTERED NUMBER:

06226181 (England and Wales)

ACCOUNTANTS:

Wasley Chapman

Chartered Accountants

7 Eggleston Court

Riverside Park

Middlesbrough

TS2 1RU

FIXED ASSETS

Tangible assets

4

844,903

692,601

CURRENT ASSETS

Stocks

664,815

399,703

Debtors

5

1,067,548

546,517

Cash at bank and in hand

166,962

219,242

1,899,325

1,165,462

CREDITORS

Amounts falling due within one year

6

1,457,799

1,042,034

NET CURRENT ASSETS

441,526

123,428

TOTAL ASSETS LESS CURRENT LIABILITIES

1,286,429

816,029

CREDITORS

Amounts falling due after more than one year

7

119,370

205,275

NET ASSETS

1,167,059

610,754

CAPITAL AND RESERVES

Called up share capital

70,200

70,200

Retained earnings

1,096,859

540,554

1,167,059

610,754

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 23 June 2026 and were signed on its behalf by:

I Winspear - Director

S Hetherington - Director

1.	STATUTORY INFORMATION

Warsett Ltd 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.

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 etc

-

25% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 86 (2025 - 60 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 March 2025

109,233

1,007,918

1,117,151

Additions

116,286

224,116

340,402

Disposals

-

(44,024

)

(44,024

)

At 28 February 2026

225,519

1,188,010

1,413,529

DEPRECIATION

At 1 March 2025

-

424,550

424,550

Charge for year

-

177,935

177,935

Eliminated on disposal

-

(33,859

)

(33,859

)

At 28 February 2026

-

568,626

568,626

NET BOOK VALUE

At 28 February 2026

225,519

619,384

844,903

At 28 February 2025

109,233

583,368

692,601

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,057,522

546,517

Other debtors

10,026

-

1,067,548

546,517

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

5,000

16,667

Hire purchase contracts

176,770

113,698

Trade creditors

531,175

483,106

Taxation and social security

702,723

368,472

Other creditors

42,131

60,091

1,457,799

1,042,034

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

22,083

27,083

Hire purchase contracts

97,287

178,192

119,370

205,275