Applied VWS Limited Group accounts (Group and Company)

COMPANY REGISTRATION NUMBER: 16198200

Applied VWS Limited

Financial Statements

30 September 2025

Applied VWS Limited

Financial Statements

Period from 21 January 2025 to 30 September 2025

Contents	Page

Strategic report	1

Director's report	3

Independent auditor's report to the members	5

Consolidated statement of comprehensive income	9

Consolidated statement of financial position	10

Company statement of financial position	11

Consolidated statement of changes in equity	12

Company statement of changes in equity	13

Consolidated statement of cash flows	14

Notes to the financial statements	15

Applied VWS Limited

Strategic Report

Period from 21 January 2025 to 30 September 2025

The director presents their strategic report for the initial period ended 30 September 2025. Overview and Strategy Applied VWS is a collaborative group combining Vehicle Weighing Solutions Ltd (VWS) and Applied Weighing International Limited (AWI). The group specialises in on-board vehicle weighing and industrial weighing systems, which are all proudly manufactured in Great Britain, Vehicle Weighing Solutions Ltd (VWS) specialises in design, manufacture, installation and service of on-board weighing, bin weighing, overload protection system and waste management software. Widely regarded as the UK market leader, VWS designs and manufactures load cells here in the UK to BS ISO9001 at their facility in Reading and have a service hub as well as extensive installation workshops in Chesterfield. Designed for high accuracy and reliability, their solutions are used across a range of of sectors, from local authorities and private waste management operators to highways, haulage and quarrying companies. Applied Weighing International Limited (AWI) offers a complete range of Industrial Weighing Systems and Services. Applied Weighing International Limited is an ISO 9001.2015 registered Company, certified for manufacturing of ATEX compliant products. Being a manufacturer we are able to supply tailor made solutions to your weighing requirements on a very fast turnaround. Summary of key performance indicators

		2025
		£
	Turnover	10,705,149
	Gross profit	3,657,142
	Profit before tax	1,785,418

The balance sheet at the year end shows shareholders funds of £8,767,976 and demonstrates the director's intention to continue to retain significant working capital within the business to support the ongoing advancement of the company. Future Development The management team aim to continue working to their upmost potential and be leading innovators in the field by constantly adapting and improving their technology to suit new openings in the market. Applied VWS seeks to continue to be the UK's industry leaders for vehicle and industrial weighing solutions. Applied VWS has strong partnerships with group and associated companies including VWS Software Solutions, which offers complementary products and services, enabling them to deliver best class systems. Risks and uncertainties The Director has considered various relevant market and economic risks that may materially impact the business including supplier and customer credit terms, changes in interest rates, cashflow, pricing, market competition and current business trading trends to understand and model the financial impact. Taking into account the above risks collectively and the options available to mitigate them, the Director is satisfied that the financial statements should continue to be prepared on a going concern basis and that there are no material foreseeable risks to the business that haven't been assessed or disclosed. Environmental concerns Applied VWS is fully aware of the environmental impact of road transport, which is a matter it takes very seriously, and is always seeking wherever possible to mitigate this. Global activities The directors have considered the impact of the events happening on global scale with particular reference to how this may disrupt their business model, strategy and operations. The directors have liaised with suppliers and customers, and similarly they have no dealings that will impact the company's supply chain, recoverability of debt and credit. There has been a worldwide impact on the cost of particular goods, including fuel, which in turn has increased the costs of the business. The directors have calculated the effect and believe that this will not significantly impact its ability to trade or going concern.

This report was approved by the board of directors on 19 October 2026 and signed on behalf of the board by:

Mr J Glasspole
Director

Registered office:

Unit 5 Southview Park Marsack Street

Caversham

Reading

Berkshire

United Kingdom

RG4 5AF

Applied VWS Limited

Director's Report

Period from 21 January 2025 to 30 September 2025

The director presents his report and the financial statements of the group for the period ended 30 September 2025 .

Director

The director who served the company during the period was as follows:

Mr J Glasspole	(Appointed 21 January 2025)

Dividends

The director does not recommend the payment of a dividend.

Director's responsibilities statement

The director is responsible for preparing the strategic report, director's report and the financial statements in accordance with applicable law and regulations. Company law requires the director to prepare financial statements for each financial period. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the group and the company and the profit or loss of the group for that period. In preparing these financial statements, the director is required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the group and the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the group and the company's auditor is aware of that information.

This report was approved by the board of directors on 19 October 2026 and signed on behalf of the board by:

Mr J Glasspole
Director

Registered office:

Unit 5 Southview Park Marsack Street

Caversham

Reading

Berkshire

United Kingdom

RG4 5AF

Applied VWS Limited

Independent Auditor's Report to the Members of Applied VWS Limited

Period from 21 January 2025 to 30 September 2025

Qualified opinion

We have audited the financial statements of Applied VWS Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 30 September 2025 which comprise the consolidated statement of comprehensive income, consolidated statement of financial position, company statement of financial position, consolidated statement of changes in equity, company statement of changes in equity, consolidated statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, except for the effects of the matter described in the basis for qualified opinion section of our report, the financial statements: - give a true and fair view of the state of the group's and of the parent company's affairs as at 30 September 2025 and of the group's profit for the period then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for qualified opinion

We were not appointed as the auditor of the group until after the acquisition of companies during the year, and thus did not observe the counting of physical inventories at the values these were introduced in to the financial statements. We undertook other testing of stock to test valuation including a review of slow moving stock, and reviewing sales of finished goods in the year to confirm stock items were being sold and the price exceeded the cost value held at the previous yearend. Despite this testing, we cannot completely satisfy ourselves by alternative means concerning the inventory quantities held at 31 March 2025, which were included in the balance sheet at £3,277,386. Although, from our alternate testing, we have no reason to believe that the value in the accounts for inventory is incorrect, we were unable to determine whether any adjustment to this amount was necessary with regards to existence.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The director is responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the director's report for the financial period for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the director's report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the director's report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or - the parent company financial statements are not in agreement with the accounting records and returns; or - certain disclosures of director's remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of the director

As explained more fully in the director's responsibilities statement, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the director is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we have considered; the nature of the industry, control environment and business performance. We also consider the results of our enquiries of management, relating to their own identification and assessment of the risks of irregularities and possible related fraud. This includes reviewing available documentation on their policies and procedures and performing tests of controls to evidence their effectiveness. Throughout the audit testing we are considering the incentives that may exist within the organisation for fraud. Key areas include timing of recognising income around the year end, posting of unusual journals and manipulating the Company's performance measures to meet remuneration targets and bank covenants. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. We ensure we have an understanding of the relevant laws and regulations and remain alert to possible non-compliance throughout the audit. Despite proper planning and audit work in accordance with auditing standards there are inherent limitations and unavoidable risk that we may not detect some irregularities and material misstatements in the financial statements. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the group's internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the director. - Conclude on the appropriateness of the director's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group's or the parent company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the group or the parent company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. - Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report

This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Andrew Collyer FCA

(Senior Statutory Auditor)

For and on behalf of

Burgess Hodgson Audit Limited

Chartered accountants & statutory auditor

Camburgh House

27 New Dover Road

Canterbury

Kent

CT1 3DN

20 October 2026

Applied VWS Limited

Consolidated Statement of Comprehensive Income

Period from 21 January 2025 to 30 September 2025

		Period from
		21 Jan 25 to
		30 Sep 25
Note		£
Turnover	4	10,705,149

Cost of sales	7,048,007
	-------------
Gross profit	3,657,142

Administrative expenses		1,905,204
Other operating income	5	17,520
		------------
Operating profit	6	1,769,458

Other interest receivable and similar income	10	44,629
Interest payable and similar expenses	11	28,669
		------------
Profit before taxation		1,785,418

Tax on profit	12	482,119
		------------
Profit for the financial period		1,303,299
		------------

Capital contribution on interest free loan	564,241
	------------
Total comprehensive income for the period	1,867,540
	------------

Profit for the financial period attributable to:

The owners of the parent company	1,302,378
Non-controlling interests	921
	------------
	1,303,299
	------------

Total comprehensive income for the period attributable to:

The owners of the parent company	1,866,619
Non-controlling interests	921
	------------
	1,867,540
	------------

All the activities of the group are from continuing operations.

Applied VWS Limited

Consolidated Statement of Financial Position

30 September 2025

	30 Sep 25
Note	£

Fixed assets

Intangible assets	13	2,339,971
Tangible assets	14	2,240,507
		------------
		4,580,478

Current assets

Stocks	16	3,317,970
Debtors	17	4,011,415
Cash at bank and in hand		4,179,088
		-------------
		11,508,473

Creditors: amounts falling due within one year	18	4,949,172
		-------------
Net current assets		6,559,301
		-------------
Total assets less current liabilities		11,139,779

Creditors: amounts falling due after more than one year	19	2,203,920

Provisions	20	167,883
		-------------
Net assets		8,767,976
		-------------

Capital and reserves

Called up share capital	22	100
Share premium account	23	6,896,316
Other reserves, including the fair value reserve	23	564,241
Profit and loss account	23	1,302,378
		------------
Equity attributable to the owners of the parent company		8,763,035

Non-controlling interests	4,941
	------------
	8,767,976
	------------

These financial statements were approved by the board of directors and authorised for issue on 19 October 2026 , and are signed on behalf of the board by:

Mr J Glasspole
Director

Company registration number: 16198200

Applied VWS Limited

Company Statement of Financial Position

30 September 2025

	30 Sep 25
Note	£

Fixed assets

Investments	15	12,073,457

Current assets

Cash at bank and in hand	100

Creditors: amounts falling due within one year	18	1,058,980
		------------
Net current liabilities		1,058,880
		-------------
Total assets less current liabilities		11,014,577

Creditors: amounts falling due after more than one year	19	2,203,920
		-------------
Net assets		8,810,657
		-------------

Capital and reserves

Called up share capital	22	100
Share premium account	23	6,896,316
Other reserves, including the fair value reserve	23	564,241
Profit and loss account	23	1,350,000
		------------
Shareholders funds		8,810,657
		------------

The profit for the financial period of the parent company was £ 1,350,000 .

These financial statements were approved by the board of directors and authorised for issue on 19 October 2026 , and are signed on behalf of the board by:

Mr J Glasspole
Director

Company registration number: 16198200

Applied VWS Limited

Consolidated Statement of Changes in Equity

Period from 21 January 2025 to 30 September 2025

		Called up share capital	Share premium account	Other reserves, including the fair value reserve	Profit and loss account	Equity attributable to the owners of the parent company	Non-controlling interests	Total
		£	£	£	£	£	£	£
At 21 January 2025		–	–	–	–	–	–	–

Profit for the period					1,302,378	1,302,378	921	1,303,299
Other comprehensive income for the period:
	Capital contribution on interest free loan	–	–	564,241	–	564,241	–	564,241
		----	----	---------	------------	------------	----	------------
Total comprehensive income for the period		–	–	564,241	1,302,378	1,866,619	921	1,867,540

Issue of shares		100	6,896,316	–	–	6,896,416	–	6,896,416
Acquisition of subsidiary with minority interest		–	–	–	–	–	4,020	4,020
		----	------------	----	----	------------	-------	------------
Total investments by and distributions to owners		100	6,896,316	–	–	6,896,416	4,020	6,900,436

		----	------------	---------	------------	------------	-------	------------
At 30 September 2025		100	6,896,316	564,241	1,302,378	8,763,035	4,941	8,767,976
		----	------------	---------	------------	------------	-------	------------

Applied VWS Limited

Company Statement of Changes in Equity

Period from 21 January 2025 to 30 September 2025

		Called up share capital	Share premium account	Other reserves, including the fair value reserve	Profit and loss account	Total
		£	£	£	£	£
At 21 January 2025		–	–	–	–	–

Profit for the period					1,350,000	1,350,000
Other comprehensive income for the period:
	Capital contribution on interest free loan	–	–	564,241	–	564,241
		----	----	---------	------------	------------
Total comprehensive income for the period		–	–	564,241	1,350,000	1,914,241

Issue of shares		100	6,896,316	–	–	6,896,416
		----	------------	----	----	------------
Total investments by and distributions to owners		100	6,896,316	–	–	6,896,416

		----	------------	---------	------------	------------
At 30 September 2025		100	6,896,316	564,241	1,350,000	8,810,657
		----	------------	---------	------------	------------

Applied VWS Limited

Consolidated Statement of Cash Flows

Period from 21 January 2025 to 30 September 2025

	30 Sep 25
	£

Cash flows from operating activities

Profit for the financial period	1,303,299

Adjustments for:
Depreciation of tangible assets	177,342
Amortisation of intangible assets	259,997
Tax on profit	482,119
Accrued expenses	434,495

Changes in:
Stocks	( 40,584)
Trade and other debtors	2,029,775
Trade and other creditors	( 1,068,249)
	------------
Cash generated from operations	3,578,194

Tax paid	( 639,729)
	------------
Net cash from operating activities	2,938,465
	------------

Cash flows from investing activities

Purchase of tangible assets	( 260,261)
Acquisition of subsidiaries	( 1,684,875)
	------------
Net cash used in investing activities	( 1,945,136)
	------------

Cash flows from financing activities

Proceeds from borrowings	3,185,759
	------------
Net cash from financing activities	3,185,759
	------------

Net increase in cash and cash equivalents	4,179,088
Cash and cash equivalents at beginning of period	–
	------------
Cash and cash equivalents at end of period	4,179,088
	------------

Applied VWS Limited

Notes to the Financial Statements

Period from 21 January 2025 to 30 September 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 5 Southview Park Marsack Street, Caversham, Reading, Berkshire, RG4 5AF, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102:

(a) Disclosures in respect of each class of share capital have not been presented.

(b) No cash flow statement has been presented for the company.

(c) Disclosures in respect of financial instruments have not been presented.

(d) No disclosure has been given for the aggregate remuneration of key management personnel.

Consolidation

The financial statements consolidate the financial statements of Applied VWS Limited and all of its subsidiary undertakings.

The results of subsidiaries acquired or disposed of during the period are included from or to the date that control passes.

The parent company has applied the exemption contained in section 408 of the Companies Act 2006 and has not presented its individual profit and loss account.

Non-controlling interests

Minority interests in the net assets of consolidated subsidiaries are identified separately from the Group’s equity. Minority interests consist of the amount of those interests at the date of the original business combination and the minority’s share of changes in equity since the date of the combination.

The proportions of profit or loss and changes in equity allocated to the owners of the parent and to the minority interests are determined on the basis of existing ownership interests and do not reflect the possible exercise or conversion of options or convertible instruments.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

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

	Goodwill	-	5 years straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

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

Land and buildings	-	50 years straight line
Plant and machinery	-	1-10 years straight line
Fixtures and fittings	-	1-5 years straight line
Motor vehicles	-	1-4 years straight line
Equipment	-	1-3 years straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial liabilities and equity instruments are classified and accounted for according to the substance of the contractual arrangements entered into. 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. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Turnover

Turnover arises from:

	Period from
	21 Jan 25 to
	30 Sep 25
	£
Sale of goods	10,705,149
	-------------

The whole of the turnover is attributable to the principal activity of the group wholly undertaken in the United Kingdom.

5. Other operating income

	Period from
	21 Jan 25 to
	30 Sep 25
	£
Management charges receivable	17,520
	--------

6. Operating profit

Operating profit or loss is stated after charging/crediting:

	Period from
	21 Jan 25 to
	30 Sep 25
	£
Amortisation of intangible assets	259,997
Depreciation of tangible assets	177,342
Impairment of trade debtors	(16,088)
Foreign exchange differences	1,203
	---------

7. Auditor's remuneration

	Period from
	21 Jan 25 to
	30 Sep 25
	£
Fees payable for the audit of the financial statements	30,000
	--------

8. Staff costs

The average number of persons employed by the group during the period, including the director, amounted to:

	30 Sep 25
	No.
Production staff	119
Management staff	3
	----
	122
	----

The aggregate payroll costs incurred during the period, relating to the above, were:

	Period from
	21 Jan 25 to
	30 Sep 25
	£
Wages and salaries	3,446,726
	------------

9. Director's remuneration

The director's aggregate remuneration in respect of qualifying services was:

	Period from
	21 Jan 25 to
	30 Sep 25
	£
Remuneration	44,250
	--------

10. Other interest receivable and similar income

	Period from
	21 Jan 25 to
	30 Sep 25
	£
Interest on cash and cash equivalents	44,629
	--------

11. Interest payable and similar expenses

	Period from
	21 Jan 25 to
	30 Sep 25
	£
Interest on banks loans and overdrafts	28,669
	--------

12. Tax on profit

Major components of tax expense

	Period from
	21 Jan 25 to
	30 Sep 25
	£

Current tax:

UK current tax income	491,848
Adjustments in respect of prior periods	9
	---------
Total current tax	491,857
	---------

Deferred tax:

Origination and reversal of timing differences	( 9,738)
	---------
Tax on profit	482,119
	---------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the period is higher than the standard rate of corporation tax in the UK of 25 %.

	Period from
	21 Jan 25 to
	30 Sep 25
	£
Profit on ordinary activities before taxation	1,785,418
	------------
Profit on ordinary activities by rate of tax	446,354
Effect of expenses not deductible for tax purposes	7,152
Effect of capital allowances and depreciation	28,613
	------------
Tax on profit	482,119
	------------

13. Intangible assets

Group	Goodwill
	£
Cost
At 21 January 2025	–
Acquisitions through business combinations	2,599,968
	------------
At 30 September 2025	2,599,968
	------------
Amortisation
At 21 January 2025	–
Charge for the period	259,997
	------------
At 30 September 2025	259,997
	------------
Carrying amount
At 30 September 2025	2,339,971
	------------

The company has no intangible assets.

14. Tangible assets

Group	Freehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 21 Jan 2025	1,728,911	988,533	138,278	828,922	45,682	3,730,326
Additions	–	865	–	259,396	–	260,261
Disposals	–	–	( 8,247)	( 39,475)	( 12,425)	( 60,147)
	------------	---------	---------	------------	--------	------------
At 30 Sep 2025	1,728,911	989,398	130,031	1,048,843	33,257	3,930,440
	------------	---------	---------	------------	--------	------------
Depreciation
At 21 Jan 2025	180,236	686,805	137,700	522,781	45,216	1,572,738
Charge for the period	12,645	55,785	578	107,969	365	177,342
Disposals	–	–	( 8,247)	( 39,475)	( 12,425)	( 60,147)
	------------	---------	---------	------------	--------	------------
At 30 Sep 2025	192,881	742,590	130,031	591,275	33,156	1,689,933
	------------	---------	---------	------------	--------	------------
Carrying amount
At 30 Sep 2025	1,536,030	246,808	–	457,568	101	2,240,507
	------------	---------	---------	------------	--------	------------

The company has no tangible assets.

15. Investments

The group has no investments.

Company	Shares in group undertakings
	£
Cost
At 21 January 2025	–
Additions	12,073,457
	-------------
At 30 September 2025	12,073,457
	-------------
Impairment
At 21 January 2025 and 30 September 2025	–
	-------------

Carrying amount
At 30 September 2025	12,073,457
	-------------

On 31 March 2025, Applied VWS Limited acquired control of three subsidiaries. The group acquired 100% of the share capital in Applied Weighing International Limited, 100% of the share capital in VWS Holdings Limited, and 95% of the share capital in Applied Traffic Limited. The acquisitions have been accounted for using the purchase method in accordance with Section 19 of FRS 102.

The consideration transferred comprised £12m.

The fair value of the identifiable net assets acquired at the date of acquisition was £9.5 million. The resulting goodwill arising on acquisition was £2.5 million, after recognising a non-controlling interest of £4k in respect of the 5% interest in Applied Traffic Limited.

Subsidiaries, associates and other investments

Details of the investments in which the parent company has an interest of 20% or more are as follows:

	Class of share	Percentage of shares held
Subsidiary undertakings
VWS Holdings Limited	Ordinary	100
Applied Weighing International Limited	Ordinary	100
Applied Traffic Limited	Ordinary	95

16. Stocks

	Group	Company
	30 Sep 25	30 Sep 25
	£	£
Raw materials and consumables	1,582,728	–
Work in progress	1,735,242	–
	------------	----
	3,317,970	–
	------------	----

17. Debtors

	Group	Company
	30 Sep 25	30 Sep 25
	£	£
Trade debtors	3,001,432	–
Amounts owed by group undertakings	56,336	–
Prepayments and accrued income	426,875	–
Other debtors	526,772	–
	------------	----
	4,011,415	–
	------------	----

18. Creditors: amounts falling due within one year

	Group	Company
	30 Sep 25	30 Sep 25
	£	£
Trade creditors	1,065,517	–
Amounts owed to group undertakings	–	77,141
Accruals and deferred income	1,290,922	–
Corporation tax	624,004	–
Social security and other taxes	810,970	–
Director loan accounts	74,630	–
Other creditors	1,083,129	981,839
	------------	------------
	4,949,172	1,058,980
	------------	------------

19. Creditors: amounts falling due after more than one year

	Group	Company
	30 Sep 25	30 Sep 25
	£	£
Other creditors	2,203,920	2,203,920
	------------	------------

20. Provisions

Group	Deferred tax (note 21)
	£
At 21 January 2025	177,621
Additions	( 9,738)
	---------
At 30 September 2025	167,883
	---------

The company does not have any provisions.

21. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	Group	Company
	30 Sep 25	30 Sep 25
	£	£
Included in provisions (note 20)	167,883	–
	---------	----

The deferred tax account consists of the tax effect of timing differences in respect of:

	Group	Company
	30 Sep 25	30 Sep 25
	£	£
Accelerated capital allowances	167,883	–
	---------	----

22. Called up share capital

Issued, called up and fully paid

		30 Sep 25
	No.	£
Ordinary shares of £ 1 each	100	100
	----	----

23. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses. Share premium account - This reserve records the amount above the nominal value received for shares sold, less transaction costs. Other reserves, including the fair value reserve - This reserve reflects a capital contributions reserve arising from an interest-free loan. The loan was recognised at fair value by discounting the future cash flows using a market rate of interest. The difference between the amount received and the fair value of the loan was recognised as a capital contribution and credited to the capital contribution reserve. Non-controlling interests - This reserve represents the share of the net assets of the Group’s subsidiaries attributable to non-controlling interests.

24. Analysis of changes in net debt

	At 21 Jan 2025	Cash flows	At 30 Sep 2025
	£	£	£
Cash at bank and in hand	–	4,179,088	4,179,088
Debt due within one year	–	(74,630)	(74,630)
	----	------------	------------
	–	4,104,458	4,104,458
	----	------------	------------