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REGISTERED NUMBER: 11129719 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 January 2026 |

| for |

| SAS Utilities Limited |

SAS Utilities Limited (Registered number: 11129719)

Contents of the Financial Statements

for the Year Ended 31 January 2026

Page |

Company Information | 1 |

Abridged Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

SAS Utilities Limited

Company Information

for the Year Ended 31 January 2026

| DIRECTORS: | Mrs G E Marnick

| S A Marnick

| REGISTERED OFFICE: | Unit C9

| Craven Arms Business Park

| Craven Arms

| Shropshire

| SY7 8BW

| REGISTERED NUMBER: | 11129719 (England and Wales)

| ACCOUNTANTS: | Thorne Widgery Accountancy Ltd

| Chartered Accountants

| 2 Wyevale Business Park

| Kings Acre

| Hereford

| Herefordshire

| HR4 7BS

SAS Utilities Limited (Registered number: 11129719)

Abridged Balance Sheet

31 January 2026

| 31.1.26 |  | 31.1.25

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 3 | 1,205,296 |  | 1,660,429 |  |

Investments | 4 | 3,081,357 |  | - |  |

4,286,653 |  | 1,660,429 |  |

CURRENT ASSETS

Stocks | 350,000 |  | 101,525 |  |

Debtors | 5 | 6,482,340 |  | 4,135,626 |  |

Cash at bank and in hand | 1,512,125 |  | 5,353,927 |  |

8,344,465 |  | 9,591,078 |  |

CREDITORS

Amounts falling due within one year | (1,012,201 | ) | (1,104,117 | ) |

NET CURRENT ASSETS | 7,332,264 |  | 8,486,961 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 11,618,917 |  | 10,147,390 |  |

PROVISIONS FOR LIABILITIES | (303,807 | ) | (417,311 | ) |

NET ASSETS | 11,315,110 |  | 9,730,079 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 11,315,108 |  | 9,730,077 |  |

11,315,110 |  | 9,730,079 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

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

SAS Utilities Limited (Registered number: 11129719)

Abridged Balance Sheet - continued

31 January 2026

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 July 2026 and were signed on its behalf by:

S A Marnick - Director

SAS Utilities Limited (Registered number: 11129719)

Notes to the Financial Statements

for the Year Ended 31 January 2026

1. | 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 as modified by the revaluation of certain assets.

| 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 cost and 20% on cost

| 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.

2. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 19 (2025 - 13 ) .

SAS Utilities Limited (Registered number: 11129719)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

3. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 February 2025 | 4,008,801 |  |

| Additions | 579,366 |  |

| Disposals | (142,243 | ) |

| At 31 January 2026 | 4,445,924 |  |

| DEPRECIATION

| At 1 February 2025 | 2,348,372 |  |

| Charge for year | 1,000,753 |  |

| Eliminated on disposal | (108,497 | ) |

| At 31 January 2026 | 3,240,628 |  |

| NET BOOK VALUE

| At 31 January 2026 | 1,205,296 |  |

| At 31 January 2025 | 1,660,429 |  |

4. | FIXED ASSET INVESTMENTS

| Information on investments other than loans is as follows:

| Totals

£ |

| COST OR VALUATION

| Additions | 3,000,000 |  |

| Revaluations | 81,357 |  |

| At 31 January 2026 | 3,081,357 |  |

| NET BOOK VALUE

| At 31 January 2026 | 3,081,357 |  |

| Cost or valuation at 31 January 2026 is represented by:

| Totals

£ |

| Valuation in 2026 | 81,357 |  |

| Cost | 3,000,000 |  |

3,081,357 |  |

5. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.1.26 |  | 31.1.25

£ | £ |

| Other debtors | 4,990,857 |  | 2,648,387 |  |

SAS Utilities Limited (Registered number: 11129719)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

6. | RELATED PARTY DISCLOSURES

| During the year, rent of £14,400 was charged to SAS Utilities Ltd by Marnicholson (Onny View) Ltd. The company also recharged wages of £11,806.66 to Marnicholson, a company in which is under common control. At year end an amount was owed to the company of £4,917,507.

| The company also recharged wages of £7,737 to Shire Fibre Ltd, a company in which is under common control. At year end an amount owed to the company of £82,873.

| The company also recharged wages of £7,212 SAS Training Ltd. Sales of £36,601 was charged to SAS Utilities from SAS Training Services Ltd, a company in which is under common. At the year end an amount owed to the company of £13,188.

| The company also recharged wages of £10,124 to SAS Traffic Solutions Ltd. Sales of £269,479 was charged to SAS Utilities from SAS Traffic Solutions Ltd, a company in which is under common control. At the year end an amount owing to SAS Traffic Solutions of £149,712.

| The company also recharged wages of £26,534 PV Stephens & Son Liquid Waste Ltd, a company in which is under common control. At the year end an amount owed to the company of £124,252.

| Sales of £106,962 was charged to SAS Utilities from SAS Surfacing Ltd, a company in which is under common control. At the year end an amount owing to SAS Surfacing Ltd of £11,764.

| The company also recharged wages of £5,849 SAS Auto Services Ltd. Sales of £103,579 was charged to SAS Utilities from SAS Auto Services Ltd, a company in which is under common control. At the year end an amount owed to the company of £14,513.