REGISTERED NUMBER: 02823838 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

WEST TECHNOLOGY SYSTEMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

I A Harris

R Houghton

SECRETARY:

I A Harris

REGISTERED OFFICE:

Dalton House

Armstrong Way

Yate

Bristol

BS37 5NG

REGISTERED NUMBER:

02823838 (England and Wales)

SENIOR STATUTORY AUDITOR:

Paul Freeman BA FCA FCCA

AUDITORS:

Lawes & Co UK Limited (Statutory Auditor)

Boyce's Building

Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Intangible assets

4

5,463

12,747

Tangible assets

5

122,396

140,091

Investments

6

762

802

128,621

153,640

CURRENT ASSETS

Stocks

1,553,614

2,291,665

Debtors

7

2,761,209

2,612,369

Cash at bank and in hand

518,925

427,222

4,833,748

5,331,256

CREDITORS

Amounts falling due within one year

8

186,307

886,894

NET CURRENT ASSETS

4,647,441

4,444,362

TOTAL ASSETS LESS CURRENT LIABILITIES

4,776,062

4,598,002

PROVISIONS FOR LIABILITIES

26,151

31,224

NET ASSETS

4,749,911

4,566,778

CAPITAL AND RESERVES

Called up share capital

10

2,400

2,400

Share premium

19,976

19,976

Capital redemption reserve

1,644

1,644

Retained earnings

4,725,891

4,542,758

SHAREHOLDERS' FUNDS

4,749,911

4,566,778

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 22 September 2026 and were signed on its behalf by:

I A Harris - Director

1.	STATUTORY INFORMATION

West Technology Systems 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 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.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

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

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stock and work-in-progress is 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

and 31 December 2025

36,420

AMORTISATION

At 1 January 2025

23,673

Charge for year

7,284

At 31 December 2025

30,957

NET BOOK VALUE

At 31 December 2025

5,463

At 31 December 2024

12,747

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

63,705

335,847

81,399

62,626

543,577

Additions

20,750

25,882

-

1,425

48,057

Disposals

-

(9,000

)

(30,000

)

-

(39,000

)

At 31 December 2025

84,455

352,729

51,399

64,051

552,634

DEPRECIATION

At 1 January 2025

32,234

269,816

43,866

57,570

403,486

Charge for year

10,896

19,966

8,632

3,721

43,215

Eliminated on disposal

-

(750

)

(15,713

)

-

(16,463

)

At 31 December 2025

43,130

289,032

36,785

61,291

430,238

NET BOOK VALUE

At 31 December 2025

41,325

63,697

14,614

2,760

122,396

At 31 December 2024

31,471

66,031

37,533

5,056

140,091

6.	FIXED ASSET INVESTMENTS

Included in the cost of fixed asset investments above is the cost of an investment in a company incorporated in the State of Indiana, USA, which is a wholly-owned subsidiary of West Technology Systems Limited.

7.

DEBTORS

31.12.25

31.12.24

£

£

Amounts falling due within one year:

Trade debtors

355,062

638,178

Other debtors

654,227

222,271

1,009,289

860,449

Amounts falling due after more than one year:

Other debtors

1,751,920

1,751,920

Aggregate amounts

2,761,209

2,612,369

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

300,881

411,867

Taxation and social security

(148,060

)

394,590

Other creditors

33,486

80,437

186,307

886,894

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

£

Within one year

133,000

133,000

Between one and five years

328,310

460,945

461,310

593,945

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

2,000

Ordinary 'A' Shares

£1

2,000

2,000

400

Ordinary 'B' Shares

£1

400

400

2,400

2,400

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

The Report of the Auditors was unqualified.

Paul Freeman BA FCA FCCA (Senior Statutory Auditor)

for and on behalf of Lawes & Co UK Limited (Statutory Auditor)

12.	PENSION COMMITMENTS

The company makes contributions to the West Technology Systems Limited Retirement Benefits Scheme, a defined contribution scheme for the directors. The assets of the scheme are being held separately from the assets of the company. The company's liability is limited to the amount of the contribution. The pension charge represents contributions paid by the company and amounts to £60,441 (2024 - £57,485).

For employees, the company operates a separate defined contribution scheme. Included in

the balance sheet is £13,077 (2024: £13,225) relating to employee and employer pension

contributions payable under this scheme.

13.	ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party is InduTrade UK Limited.

The registered office is Ellard House, Floats Road, Roundthorn Industrial Estate, Wythenshawe, M23 9WB.

14.	PARENT COMPANY

The parent company is Vacuum Engineering Services Limited.

Registered office: St Mowden Road, Stretford, Manchester, M32 0ZE.