REGISTERED NUMBER: SC440892 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

FOR

BIOSUS ENERGY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Paterson

G P W Way

SECRETARY:

D J Paterson

REGISTERED OFFICE:

Burnhead Croft

Kingswells

Aberdeen

AB15 8RA

REGISTERED NUMBER:

SC440892 (Scotland)

FIXED ASSETS

Intangible assets

5

100,451

103,724

Tangible assets

6

565,438

679,322

Investments

7

50,862

50,862

716,751

833,908

CURRENT ASSETS

Stocks

26,300

35,415

Debtors

8

1,461,463

632,036

Cash at bank and in hand

457,176

536,317

1,944,939

1,203,768

CREDITORS

Amounts falling due within one year

9

1,444,339

783,393

NET CURRENT ASSETS

500,600

420,375

TOTAL ASSETS LESS CURRENT LIABILITIES

1,217,351

1,254,283

CREDITORS

Amounts falling due after more than one year

10

(36,807

)

(126,771

)

PROVISIONS FOR LIABILITIES

(129,307

)

(157,376

)

NET ASSETS

1,051,237

970,136

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,051,235

970,134

SHAREHOLDERS' FUNDS

1,051,237

970,136

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 14 July 2026 and were signed on its behalf by:

D J Paterson - Director

G P W Way - Director

1.	STATUTORY INFORMATION

Biosus Energy 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

Going Concern

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 the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The directors consider that there are no estimates and underlying assumptions which have a significant risk of causing a material adjustment to the carrying amount of the assets and liabilities.

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.

Licences are being amortised evenly over their estimated useful life of twelve years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

50% on cost, 33% on cost, 25% on reducing balance and 10% on cost

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held in call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2025 - 15 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 February 2025

120,000

Additions

7,082

At 31 January 2026

127,082

AMORTISATION

At 1 February 2025

16,276

Charge for year

10,355

At 31 January 2026

26,631

NET BOOK VALUE

At 31 January 2026

100,451

At 31 January 2025

103,724

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2025

1,239,895

Additions

53,058

Disposals

(17,500

)

At 31 January 2026

1,275,453

DEPRECIATION

At 1 February 2025

560,573

Charge for year

163,855

Eliminated on disposal

(14,413

)

At 31 January 2026

710,015

NET BOOK VALUE

At 31 January 2026

565,438

At 31 January 2025

679,322

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 February 2025

637,658

Transfer to ownership

(240,000

)

At 31 January 2026

397,658

DEPRECIATION

At 1 February 2025

356,836

Charge for year

56,808

Transfer to ownership

(171,429

)

At 31 January 2026

242,215

NET BOOK VALUE

At 31 January 2026

155,443

At 31 January 2025

280,822

7.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 February 2025

and 31 January 2026

75,862

PROVISIONS

At 1 February 2025

and 31 January 2026

25,000

NET BOOK VALUE

At 31 January 2026

50,862

At 31 January 2025

50,862

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

633,155

264,922

Amounts owed by group undertakings

610,739

70,265

Other debtors

217,569

296,849

1,461,463

632,036

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

15,000

20,000

Hire purchase contracts

74,965

97,172

Trade creditors

399,778

275,014

Amounts owed to group undertakings

600,000

-

Taxation and social security

168,164

156,349

Other creditors

186,432

234,858

1,444,339

783,393

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

15,000

Hire purchase contracts

36,807

111,771

36,807

126,771

11.	RELATED PARTY DISCLOSURES

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.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Biosus Energy Holdings Ltd.