REGISTERED NUMBER: 05091291 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

WIL EL MIL ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K M Brown

R T Goode

Ms R Y Walker

SECRETARY:

Ms R Y Walker

REGISTERED OFFICE:

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

REGISTERED NUMBER:

05091291 (England and Wales)

SENIOR STATUTORY AUDITOR:

Ryan Moore CA

INDEPENDENT AUDITORS:

Randall & Payne LLP

Statutory Auditor

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,945,812

97,669

1,945,812

97,669

CURRENT ASSETS

Stocks

1,129,603

744,985

Debtors

6

964,555

670,687

Cash at bank and in hand

325,850

749,604

2,420,008

2,165,276

CREDITORS

Amounts falling due within one year

7

4,257,825

1,703,121

NET CURRENT (LIABILITIES)/ASSETS

(1,837,817

)

462,155

TOTAL ASSETS LESS CURRENT LIABILITIES

107,995

559,824

PROVISIONS FOR LIABILITIES

70,803

21,902

NET ASSETS

37,192

537,922

CAPITAL AND RESERVES

Called up share capital

30,000

30,000

Retained earnings

7,192

507,922

SHAREHOLDERS' FUNDS

37,192

537,922

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2026 and were signed on its behalf by:

K M Brown - Director

R T Goode - Director

Ms R Y Walker - Director

1.	STATUTORY INFORMATION

Wil El Mil Engineering 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents the invoiced value of services provided during the year, stated net of Value Added Tax. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured.

Profit attributable to contract activity is recognised if the final outcome of such contracts can be reliably assessed.

Revenue from services provided on a short-term or one-off basis is recognised when the service is complete.

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.

Freehold property

Straight line over 39 years

Improvements to freehold property

2% on cost

Plant and machinery

25% on reducing balance

Motor vehicles

25% on reducing balance 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.

Financial instruments

Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies

Pension costs

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.

Going concern

There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern

Provisions for liabilities

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

120,000

AMORTISATION

At 1 January 2025

and 31 December 2025

120,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

Motor

property

property

machinery

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2025

-

-

484,948

57,087

542,035

Additions

1,698,652

90,661

128,473

-

1,917,786

Disposals

-

-

(5,500

)

-

(5,500

)

At 31 December 2025

1,698,652

90,661

607,921

57,087

2,454,321

DEPRECIATION

At 1 January 2025

-

-

415,984

28,382

444,366

Charge for year

29,615

2,202

30,650

7,176

69,643

Eliminated on disposal

-

-

(5,500

)

-

(5,500

)

At 31 December 2025

29,615

2,202

441,134

35,558

508,509

NET BOOK VALUE

At 31 December 2025

1,669,037

88,459

166,787

21,529

1,945,812

At 31 December 2024

-

-

68,964

28,705

97,669

On 29 April 2025 the Company purchased a new freehold property for £1,698,652 and this will become the Company's new manufacturing facility.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

885,983

654,004

Amounts owed by group undertakings

7,106

4,962

Other debtors

61,542

-

Prepayments

9,924

11,721

964,555

670,687

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

81,069

1,261,246

Amounts owed to group undertakings

4,035,522

297,959

Corporation Tax

2,534

64,076

PAYE/NI

17,340

14,068

Pension control

2,126

1,606

VAT

104,390

43,292

Accruals and deferred income

14,844

20,874

4,257,825

1,703,121

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ryan Moore CA (Senior Statutory Auditor)

for and on behalf of Randall & Payne LLP

9.	RELATED PARTY DISCLOSURES

There is an amount owed to the ultimate parent company of Wil El Mil Engineering Limited, Columbia Machine Inc. of £4,035,522 (2024: £297,959). There is also an amount owed to Columbia UK Holdings Limited of £7,106 (2024: £4,962). There are no set repayment terms or interest accruing on these loans.

10.	ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is Columbia UK Holdings Ltd. The ultimate parent undertaking is Columbia Machine Inc.

The registered office for Columbia Machine Inc. is 07 Grand Blvd, Vancouver, WA 98661.