REGISTERED NUMBER: SC462154 (Scotland)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Northwind Engineering Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ewen Gillies

REGISTERED OFFICE:

Sonas

Camustiel

Strathcarron

Ross-shire

IV54 8LT

REGISTERED NUMBER:

SC462154 (Scotland)

ACCOUNTANTS:

Leggatts Accountants Ltd

Kempfield Court

Dingwall

Highland

IV15 9RT

FIXED ASSETS

Intangible assets

4

22,000

24,750

Tangible assets

5

59,771

49,412

81,771

74,162

CURRENT ASSETS

Stocks

20,000

20,000

Debtors

6

401,537

411,686

Cash at bank

686,286

691,704

1,107,823

1,123,390

CREDITORS

Amounts falling due within one year

7

115,233

93,716

NET CURRENT ASSETS

992,590

1,029,674

TOTAL ASSETS LESS CURRENT LIABILITIES

1,074,361

1,103,836

PROVISIONS FOR LIABILITIES

8

11,415

9,621

NET ASSETS

1,062,946

1,094,215

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

1,062,936

1,094,205

1,062,946

1,094,215

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 23 July 2026 and were signed by:

Ewen Gillies - Director

1.	STATUTORY INFORMATION

Northwind Engineering 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

20% 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.

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 7 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

55,000

AMORTISATION

At 1 November 2024

30,250

Amortisation for year

2,750

At 31 October 2025

33,000

NET BOOK VALUE

At 31 October 2025

22,000

At 31 October 2024

24,750

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 November 2024

144,126

73,811

217,937

Additions

26,500

-

26,500

At 31 October 2025

170,626

73,811

244,437

DEPRECIATION

At 1 November 2024

112,362

56,163

168,525

Charge for year

11,653

4,488

16,141

At 31 October 2025

124,015

60,651

184,666

NET BOOK VALUE

At 31 October 2025

46,611

13,160

59,771

At 31 October 2024

31,764

17,648

49,412

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

322,195

348,205

Tax

5,632

-

VAT

8,242

-

Prepayments and accrued income

65,468

63,481

401,537

411,686

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

98,679

62,691

Tax

-

7,638

VAT

-

13,312

Directors' current accounts

16,554

10,075

115,233

93,716

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

11,415

9,621

Deferred

tax

£

Balance at 1 November 2024

9,621

Provided during year

1,794

Balance at 31 October 2025

11,415

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

2025

2024

£

£

Ewen Gillies

Balance outstanding at start of year

(10,075

)

(140,788

)

Amounts advanced

13,521

150,713

Amounts repaid

(20,000

)

(20,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(16,554

)

(10,075

)