REGISTERED NUMBER: SC452134 (Scotland)

Financial Statements for the Period 1 October 2024 to 31 December 2025

for

Woollard & Henry Engineering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

F J Bowden

SECRETARY:

F J Bowden

REGISTERED OFFICE:

Stoneywood Park

Dyce

Aberdeen

AB21 7DZ

REGISTERED NUMBER:

SC452134 (Scotland)

AUDITORS:

Tawse & Partners

Statutory Auditors

18 North Silver Street

Aberdeen

AB10 1JU

FIXED ASSETS

Investments

4

163,720

255,220

CREDITORS

Amounts falling due within one year

5

274,826

274,826

NET CURRENT LIABILITIES

(274,826

)

(274,826

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(111,106

)

(19,606

)

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

(111,108

)

(19,608

)

SHAREHOLDERS' FUNDS

(111,106

)

(19,606

)

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 director and authorised for issue on 23 September 2026 and were signed by:

F J Bowden - Director

1.	STATUTORY INFORMATION

Woollard & Henry Engineering 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound (£).

The principal accounting policies are set out below.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in associates

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the income statement.

As associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Taxation

Taxation for the period 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 period 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.

Going concern

The company incurred a loss during the 15 month period of £91,500 (year to 30 September 2024: £nil), and as at 31 December 2025 had net current liabilities of £274,826 (30 September 2024: £274,826) and net liabilities of £111,106 (30 September 2024: £19,606).

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least the next 12 months following the approval of these financial statements.

In reaching this conclusion, fellow group company, Woollard & Henry Limited has confirmed that it will continue to make available such funding as is required to enable Woollard & Henry Engineering Limited to meet its liabilities, as they fall due, for a period of at least twelve months from the date of signing these financial statements, and has agreed to defer repayment of amounts due from Woollard & Henry Engineering Limited until all other liabilities have been settled in full. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expenses.

Financial instruments

The company has elected to apply the provisions of section 11 'Basic financial instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of Financial Assets

Financial Assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the profit and loss account.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in the profit and loss account.

Derecognition of financial assets

Financial Assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of Financial Liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Equity Instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

and

participating

interests

£

COST

At 1 October 2024

255,220

Impairments

(91,500

)

At 31 December 2025

163,720

NET BOOK VALUE

At 31 December 2025

163,720

At 30 September 2024

255,220

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

OGV XL Limited

Registered office: Xl House Woodburn Road, Blackburn, Aberdeen, Scotland, AB21 0PS

Nature of business: Manufacture of tools

%

Class of shares:

holding

Ordinary

33.33

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

30.9.24

£

£

Amounts owed to group undertakings

274,824

274,824

Other creditors

2

2

274,826

274,826

Amounts owed to group undertakings are interest free and repayable on demand.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

30.9.24

value:

£

£

2

Ordinary shares

£1

2

2

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

The Report of the Auditors was unqualified.

Hazel Neilson (Senior Statutory Auditor)

for and on behalf of Tawse & Partners

8.	ULTIMATE CONTROLLING PARTY

The parent company is Woollard & Henry Holdings Limited, a company registered in Scotland. The registered office of Woollard & Henry Holdings Limited is Stoneywood Park, Dyce, Aberdeen, AB21 7DZ. The financial statements of Woollard & Henry Holdings Limited are available from Companies House. Woollard & Henry Holdings Limited is controlled by the shareholders.

9.	CHANGE IN ACCOUNTING REFERENCE DATE

By decision of the director, the company has extended its accounting reference date from 30 September 2025 to 31 December 2025. Consequently, these financial statements are prepared for a period of 15 months, covering 1 October 2024 to 31 December 2025. The comparative figures shown in these financial statements are for the 12 months ended 30 September 2024 and are therefore not entirely comparable. The reason for the change was to align the year end of all group companies.