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REGISTERED NUMBER: SC170206 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

Spear Engineering (Scotland) Limited

| Spear Engineering (Scotland) Limited (Registered number: SC170206) |

Contents of the Financial Statements

for the Year Ended 30 November 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Spear Engineering (Scotland) Limited |

Company Information

for the Year Ended 30 November 2025

| DIRECTOR: | Mr B W Montgomery

| REGISTERED OFFICE: | Christian Hall

| Cuminestown

| Turriff

| Aberdeenshire

| AB53 5UE

| REGISTERED NUMBER: | SC170206 (Scotland)

| ACCOUNTANTS: | SBP

| Accountants

| 9 Carmelite Street

| Banff

| Aberdeenshire

| AB45 1AF

| Spear Engineering (Scotland) Limited (Registered number: SC170206) |

Balance Sheet

30 November 2025

| 30.11.25 | 30.11.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 11,329 |  | 11,883 |  |

CURRENT ASSETS

Stocks | 5 | 17,857 |  | 22,839 |  |

Debtors | 6 | 47,837 |  | 48,729 |  |

Cash in hand | 144 |  | 616 |  |

65,838 |  | 72,184 |  |

CREDITORS

Amounts falling due within one year | 7 | 99,432 |  | 94,714 |  |

NET CURRENT LIABILITIES | (33,594 | ) | (22,530 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (22,265 | ) | (10,647 | ) |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | (22,267 | ) | (10,649 | ) |

SHAREHOLDERS' FUNDS | (22,265 | ) | (10,647 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 19 August 2026 and were signed by:

Mr B W Montgomery - Director

| Spear Engineering (Scotland) Limited (Registered number: SC170206) |

Notes to the Financial Statements

for the Year Ended 30 November 2025

1. | STATUTORY INFORMATION

| Spear Engineering (Scotland) Limited 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 represents the amounts (excluding value added tax) derived from the provision of services to customers. Revenue is recognised at the point services are provided.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Improvements to property | - | 10% on cost

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 33% on cost

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 33% 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.

| 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 3 (2024 - 3 ) .

| Spear Engineering (Scotland) Limited (Registered number: SC170206) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

4. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures

| to |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 December 2024 | 7,554 |  | 76,587 |  | 307 |  |

| Additions | - |  | 2,700 |  | - |  |

| Disposals | - |  | (709 | ) | - |  |

| At 30 November 2025 | 7,554 |  | 78,578 |  | 307 |  |

| DEPRECIATION

| At 1 December 2024 | 755 |  | 71,733 |  | 307 |  |

| Charge for year | 756 |  | 1,705 |  | - |  |

| At 30 November 2025 | 1,511 |  | 73,438 |  | 307 |  |

| NET BOOK VALUE

| At 30 November 2025 | 6,043 |  | 5,140 |  | - |  |

| At 30 November 2024 | 6,799 |  | 4,854 |  | - |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 December 2024 | 4,600 |  | 1,143 |  | 90,191 |  |

| Additions | - |  | - |  | 2,700 |  |

| Disposals | - |  | - |  | (709 | ) |

| At 30 November 2025 | 4,600 |  | 1,143 |  | 92,182 |  |

| DEPRECIATION

| At 1 December 2024 | 4,405 |  | 1,108 |  | 78,308 |  |

| Charge for year | 49 |  | 35 |  | 2,545 |  |

| At 30 November 2025 | 4,454 |  | 1,143 |  | 80,853 |  |

| NET BOOK VALUE

| At 30 November 2025 | 146 |  | - |  | 11,329 |  |

| At 30 November 2024 | 195 |  | 35 |  | 11,883 |  |

5. | STOCKS

| 30.11.25 |  | 30.11.24

£ | £ |

| Stock | 14,531 |  | 21,042 |  |

| Work-in-progress | 3,326 |  | 1,797 |  |

17,857 |  | 22,839 |  |

| Spear Engineering (Scotland) Limited (Registered number: SC170206) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.11.25 |  | 30.11.24

£ | £ |

| Trade debtors | 47,435 |  | 48,473 |  |

| Prepayments | 402 |  | 256 |  |

47,837 |  | 48,729 |  |

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

| 30.11.25 |  | 30.11.24

£ | £ |

| Bank loans and overdrafts | 11,839 |  | 2,639 |  |

| Other loans | 1,750 |  | 4,750 |  |

| Trade creditors | 1,304 |  | 479 |  |

| Social security and other taxes | 270 |  | 300 |  |

| VAT | 10,933 |  | 11,821 |  |

| Other creditors | 1,038 |  | 2,910 |  |

| Directors' current accounts | 70,589 |  | 69,781 |  |

| Accrued expenses | 1,709 |  | 2,034 |  |

99,432 |  | 94,714 |  |

8. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mr & Mrs Montgomery.