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REGISTERED NUMBER: 01135951 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

VEITCH TRADING LIMITED

VEITCH TRADING LIMITED (REGISTERED NUMBER: 01135951)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

VEITCH TRADING LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | C R Veitch

| N J Veitch

| SECRETARY: | C R Veitch

| REGISTERED OFFICE: | The Old Vicarage

| South Stoke

| Bath

| BA2 7DU

| REGISTERED NUMBER: | 01135951 (England and Wales)

| ACCOUNTANTS: | William Evans & Partners

| 20 Harcourt Street

| London

| W1H 4HG

VEITCH TRADING LIMITED (REGISTERED NUMBER: 01135951)

BALANCE SHEET

31 DECEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 4 | 502,852 |  | 890,684 |  |

Cash at bank | 59,341 |  | 47,332 |  |

562,193 |  | 938,016 |  |

CREDITORS

Amounts falling due within one year | 5 | (8,944 | ) | (412,229 | ) |

NET CURRENT ASSETS | 553,249 |  | 525,787 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 553,249 |  | 525,787 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 553,149 |  | 525,687 |  |

SHAREHOLDERS' FUNDS | 553,249 |  | 525,787 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 29 July 2026 and were signed on its behalf by:

N J Veitch - Director

VEITCH TRADING LIMITED (REGISTERED NUMBER: 01135951)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Veitch Trading 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.

| Turnover

| Turnover consists of the value of sales deliveries and service work performed in the year, excluding value added tax.

| 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.

| Patents and licences have been fully amortised in the current year.

| Tangible fixed assets

| Depreciation has been provided so as to reduce assets to their net realisable value by equal annual instalments. The rates used are 25% for computer equipment and 20% for plant and machinery and motor vehicles.

| Pension costs and other post-retirement benefits

| The company operates defined contribution pension schemes which are open to all qualified employees. Contributions are charged to profit as and when made. Funds are held by insurance companies and are independent of the company.

| Foreign currency

| Transactions in foreign currencies have been translated into sterling at average rates. Assets and liabilities of the company at the year end denominated in foreign currencies have been translated at rates ruling at the year end which have been taken as $1.3451 = £1 ( 2023: $1.254 = £1 ) for the US Dollar and €1.1454 = £1 ( 2024:€1.2047= £1 ) for the Euro. All profits and losses on translation have been dealt with as part of the gross profit of the company.

| Use of assumptions and estimates

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable, the results of which form the basis of making judgements about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.

| Critical estimates and assumptions are made in particular with regard to establishing depreciation periods for the group and the calculation of irrecoverable debts and provisions for obsolete and slow moving stock.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - 7 ).

VEITCH TRADING LIMITED (REGISTERED NUMBER: 01135951)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 270,581 |  | 842,860 |  |

| Other debtors | 93,153 |  | 47,824 |  |

363,734 |  | 890,684 |  |

| Amounts falling due after more than one year:

| Trade debtors | 139,118 |  | - |  |

| Aggregate amounts | 502,852 |  | 890,684 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | - |  | 191,583 |  |

| Taxation and social security | 8,262 |  | 145,347 |  |

| Other creditors | 682 |  | 75,299 |  |

8,944 |  | 412,229 |  |

6. | OTHER FINANCIAL COMMITMENTS

| At 31st December 2025 the company had commitments under operating leases expiring between 1 and 5 years totalling £93,250 ( 31st December 2024: £182,750).

| On 1st July 2026 this lease was assigned to E-service (Europe) Limited, the current occupier of the premises.

7. | 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.

8. | ULTIMATE CONTROLLING PARTY

| Mr CR Veitch and Mr NJ Veitch are the ultimate controlling parties by virtue of their ownership of Veitch Family Holdings Limited, the parent company of Veitch Trading Limited.