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# WESTWIRE HARNESSING LIMITED

## Company Registration Number:
02142617 (England and Wales)

## Unaudited statutory accounts for the year ended 31 March 2026

## Period of accounts

## Start date: 1 April 2025

## End date: 31 March 2026

# WESTWIRE HARNESSING LIMITED

## Contents of the Financial Statements

for the Period Ended 31 March 2026

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |

# WESTWIRE HARNESSING LIMITED

Directors' report period ended 31 March 2026

The directors present their report with the financial statements of the company for the period ended 31 March 2026

Principal activities of the company

electrical harness assemblers

Additional information

The Company remains focused on accelerating its growth within the aerospace, defence, and harsh-environment manufacturing sectors. Following the opening of our second facility in Swindon, the Company has tripled its total manufacturing capacity, allowing it to fulfil growing demand for complex, mission-critical wire harness assemblies and integrated sub-systems. The Company is investing in an alternative manufacturing site in Morocco to facilitate the expansion of manufacturing capacity. Management will continue to invest in engineering talent and advanced manufacturing processes to maintain our high standard of operational excellence. Working closely with our parent group, SASMOS HET Technologies, the Directors expect to expand the company's technical capabilities and secure new long-term contracts across domestic and international defence platforms.

Directors

The director shown below has held office during the whole of the period from
1 April 2025 to 31 March 2026

Andrew Russell

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
16 June 2026

And signed on behalf of the board by:
Name: Andrew Russell
Status: Director

# WESTWIRE HARNESSING LIMITED

## Profit And Loss Account

for the Period Ended 31 March 2026

| 2026 | 2025
--- | --- | ---
| £ | £
Turnover: | 8,002,317 | 4,813,979
Cost of sales: | ( 3,993,132 ) | ( 2,566,102 )
Gross profit(or loss): | 4,009,185 | 2,247,877
Administrative expenses: | ( 2,376,137 ) | ( 1,611,378 )
Operating profit(or loss): | 1,633,048 | 636,499
Interest receivable and similar income: | 50,054 | 57,956
Interest payable and similar charges: | ( 65,846 ) | ( 57,486 )
Profit(or loss) before tax: | 1,617,256 | 636,969
Tax: | ( 404,314 ) | ( 151,890 )
Profit(or loss) for the financial year: | 1,212,942 | 485,079

# WESTWIRE HARNESSING LIMITED

## Balance sheet

As at 31 March 2026

| Notes | 2026 | 2025
--- | --- | --- | ---
|  | £ | £
Fixed assets
Intangible assets: | 3 | 16,156 | 23,047
Tangible assets: | 4 | 634,069 | 326,953
Total fixed assets: |  | 650,225 | 350,000
Current assets
Stocks: | 5 | 1,356,799 | 1,402,882
Debtors: | 6 | 2,273,533 | 1,981,336
Cash at bank and in hand: |  | 458,683 | 240,043
Total current assets: |  | 4,089,015 | 3,624,261
Creditors: amounts falling due within one year: | 7 | ( 2,412,012 ) | ( 2,061,635 )
Net current assets (liabilities): |  | 1,677,003 | 1,562,626
Total assets less current liabilities: |  | 2,327,228 | 1,912,626
Creditors: amounts falling due after more than one year: | 8 | 0 | ( 10,973 )
Provision for liabilities: |  | ( 106,944 ) | ( 114,311 )
Total net assets (liabilities): |  | 2,220,284 | 1,787,342
Capital and reserves
Called up share capital: |  | 10,000 | 10,000
Share premium account: |  | 2,210,284 | 1,777,342
Total Shareholders' funds: |  | 2,220,284 | 1,787,342

The notes form part of these financial statements

# WESTWIRE HARNESSING LIMITED

## Balance sheet statements

For the year ending 31 March 2026 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 17 June 2026
and signed on behalf of the board by:

Name: Andrew Russell
Status: Director

The notes form part of these financial statements

# WESTWIRE HARNESSING LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2026

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation. The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows: Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Leasehold land and buildings Straight line over 15 years Plant and equipment Straight line over 10 years Fixtures and fittings Straight line over 3 and 5 years Motor vehicles Straight line over 5 years The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

  Intangible fixed assets amortisation policy

  Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity. Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Patents & licences Straight line over 6 years

  Other accounting policies

  Impairment of fixed assets,Stocks,Cash and cash equivalents,Financial instruments,Equity instruments.Taxation,Provisions,Employee benefits,Retirement benefits,Leases

# WESTWIRE HARNESSING LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2026

- ## 2. Employees

  | 2026 | 2025
  --- | --- | ---
  Average number of employees during the period | 50 | 41

# WESTWIRE HARNESSING LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2026

## 3. Intangible assets

| Goodwill | Other | Total
--- | --- | --- | ---
Cost | £ | £ | £
At 1 April 2025 |  | 52,463 | 52,463
Additions |  | 0 | 0
Disposals |  | 0 | 0
Revaluations |  | 0 | 0
Transfers |  | 0 | 0
At 31 March 2026 |  | 52,463 | 52,463
Amortisation |  |  |
At 1 April 2025 |  | 29,416 | 29,416
Charge for year |  | 6,891 | 6,891
On disposals |  |  |
Other adjustments |  |  |
At 31 March 2026 |  | 36,307 | 36,307
Net book value |  |  |
At 31 March 2026 |  | 16,156 | 16,156
At 31 March 2025 |  | 23,047 | 23,047

# WESTWIRE HARNESSING LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2026

## 4. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 April 2025 | 422,161 | 238,606 | 76,504 | 0 | 44,759 | 782,030
Additions | 2,998 | 359,946 |  |  |  | 362,944
Disposals |  |  |  |  |  |
Revaluations |  |  |  |  |  |
Transfers |  | 7,085 | 7,085 |  |  | 0
At 31 March 2026 | 425,159 | 605,637 | 69,419 | 0 | 44,759 | 1,144,974
Depreciation |  |  |  |  |  |
At 1 April 2025 | 203,329 | 168,179 | 52,987 | 0 | 30,582 | 455,077
Charge for year | 28,563 | 15,432 | 6,972 | 0 | 4,861 | 55,828
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 31 March 2026 | 231,892 | 183,611 | 59,959 | 0 | 35,443 | 510,905
Net book value |  |  |  |  |  |
At 31 March 2026 | 193,267 | 422,026 | 9,460 | 0 | 9,316 | 634,069
At 31 March 2025 | 218,832 | 70,427 | 23,517 | 0 | 14,177 | 326,953

# WESTWIRE HARNESSING LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2026

## 5. Stocks

| 2026 | 2025
--- | --- | ---
| £ | £
Stocks | 1,356,799 | 1,402,882
Payments on account | 0 | 0
Total | 1,356,799 | 1,402,882

# WESTWIRE HARNESSING LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2026

## 6. Debtors

| 2026 | 2025
--- | --- | ---
| £ | £
Trade debtors | 1,269,869 | 817,051
Other debtors | 1,003,664 | 1,164,285
Total | 2,273,533 | 1,981,336

# WESTWIRE HARNESSING LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2026

## 7. Creditors: amounts falling due within one year note

| 2026 | 2025
--- | --- | ---
| £ | £
Bank loans and overdrafts | 850,000 | 900,000
Trade creditors | 528,525 | 398,126
Taxation and social security | 679,599 | 286,757
Other creditors | 353,888 | 476,752
Total | 2,412,012 | 2,061,635

# WESTWIRE HARNESSING LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2026

## 8. Creditors: amounts falling due after more than one year note

| 2026 | 2025
--- | --- | ---
| £ | £
Other creditors | 0 | 10,973
Total | 0 | 10,973