REGISTERED NUMBER: SC393144 (Scotland)

BAUTEIL ENGINEERING LTD.

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2026

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

G Kennedy

L Kennedy

SECRETARY:

L Kennedy

REGISTERED OFFICE:

15 Ledcameroch Crescent

Bearsden

Glasgow

G61 4AD

REGISTERED NUMBER:

SC393144 (Scotland)

ACCOUNTANTS:

russell + russell

Chartered Certified Accountants

4 Royal Crescent

Glasgow

G3 7SL

BANKERS:

Royal Bank of Scotland

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bauteil Engineering Ltd. for the year ended 28th February 2026 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Bauteil Engineering Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bauteil Engineering Ltd. and state those matters that we have agreed to state to the Board of Directors of Bauteil Engineering Ltd., as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bauteil Engineering Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bauteil Engineering Ltd.. You consider that Bauteil Engineering Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bauteil Engineering Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

russell + russell

Chartered Certified Accountants

4 Royal Crescent

Glasgow

G3 7SL

26th August 2026

FIXED ASSETS

Tangible assets

4

10,825

8,044

CURRENT ASSETS

Stocks

8,392

12,436

Debtors

5

2,545,830

2,264,658

Cash at bank

118,324

286,255

2,672,546

2,563,349

CREDITORS

Amounts falling due within one year

6

72,410

53,796

NET CURRENT ASSETS

2,600,136

2,509,553

TOTAL ASSETS LESS CURRENT LIABILITIES

2,610,961

2,517,597

PROVISIONS FOR LIABILITIES

2,706

2,011

NET ASSETS

2,608,255

2,515,586

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

2,608,155

2,515,486

SHAREHOLDERS' FUNDS

2,608,255

2,515,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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.

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 25th August 2026 and were signed on its behalf by:

L Kennedy - Director

1.	STATUTORY INFORMATION

Bauteil 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.

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.

Going Concern

The financial statements have been prepared on the going concern basis. The directors believe that the company has adequate resources and support to continue to operate for the foreseeable future.

Turnover

The turnover shown in the profit and loss account represents the sales invoice value of goods and services supplied to the oil and gas industry, during the period, exclusive of Value Added Tax.

Tangible fixed assets

All fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Asset type

Depreciation rate

Fixtures & fittings

20% straight line

Computer equipment

33% straight line

Motor vehicles

0% - 25% straight line

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating leases

Rentals paid under operating leases are charged to the profit and loss account 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 for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st March 2025

2,358

29,259

16,172

47,789

Additions

-

-

6,334

6,334

At 28th February 2026

2,358

29,259

22,506

54,123

DEPRECIATION

At 1st March 2025

2,264

24,858

12,623

39,745

Charge for year

94

1,463

1,996

3,553

At 28th February 2026

2,358

26,321

14,619

43,298

NET BOOK VALUE

At 28th February 2026

-

2,938

7,887

10,825

At 28th February 2025

94

4,401

3,549

8,044

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade debtors

61,690

73,946

Other debtors

2,484,140

2,190,712

2,545,830

2,264,658

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade creditors

8,074

2,786

Taxation and social security

55,897

47,233

Other creditors

8,439

3,777

72,410

53,796

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.26

28.2.25

value:

£

£

20

Ordinary

£1

20

20

60

A Ordinary

£1

60

60

20

B Ordinary

£1

20

20

100

100

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28th February 2026 and 28th February 2025:

28.2.26

28.2.25

£

£

L Kennedy

Balance outstanding at start of year

2,409

(1,292

)

Amounts advanced

-

5,000

Amounts repaid

(4,642

)

(1,299

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,233

)

2,409

G Kennedy

Balance outstanding at start of year

30,549

(969

)

Amounts advanced

-

32,500

Amounts repaid

(32,782

)

(982

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,233

)

30,549

9.	RELATED PARTY DISCLOSURES

Included in debtors is an amount owed by Bauteil Property Services Ltd of £2,481,252 (2025 - £2,157,752) This amount bears no interest and has no fixed repayment terms.

10.	ULTIMATE CONTROLLING PARTY

The company is under the control of G. Kennedy and, his wife, L. Kennedy.