These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

B.S.T. Supplies & Co Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Zenith, Ford House Road, Bushbury, Wolverhampton, West Midlands, WV10 9ED.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of fixed assets and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

• Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

• Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

• Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

• Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of EBC Group (UK) Ltd. These consolidated financial statements are available from its registered office, Cedar Court 221 Hagley Road, Hayley Green, Halesowen, West Midlands, United Kingdom, B63 1ED.

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.

After making enquiries and preparing integrated profit and loss and cash flow forecasts for one year from the date the financial statements are signed the directors have formed a judgement that, as at the date of approving the financial statements, there is a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future, taking into account the negative retained earnings and continuing support of the group.

The company will continue to seek support from the group for the period of 12 months from the approval date of the accounts with such support having been confirmed in writing and as such the going concern basis of preparing the accounts is deemed appropriate.

Turnover represents the total invoice value, excluding value added tax, of sales made during the period.

The company recognised revenue from the following major sources:

• Manufacturing and supply of industrial fasteners.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Manufacture and supply of industrial fasteners

Revenue from the manufacturing and supplying of industrial fasteners is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of goods). When the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Inventories are valued at the lower of costs and net realisable value, after making due allowance for obsolete and slow moving items.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

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.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows:

Stage of completion of work in progress

In determining the amounts of income and profits/losses on work in progress to be recognised in the financial year, the directors consider factors such as costs incurred to date, estimated costs to complete, labour hours and any associated risks and pasts experiences of similar contracts. The total amount of work in progress recognised at 31 December 2025 is £197,526 (2024: £301,920).

Stock provisions

Stock is shown in these financial statements at cost less a provision for slow moving or obsolete stock. This provision for obsolete stock of raw materials for 31 December 2025 was £71,077 (2024 : £114,575) The provision of slow moving stock as at 31 December 2025 was £458,495 (2024 : £405,952)

Useful lives and residual values of depreciable assets

The annual depreciation charge depends primarily on the estimated useful life of the asset, and the residual value of the asset at the end of its useful life. The directors annually review the asset life and adjust as necessary to reflect current thinking on the remaining life in light of technological change, prospective economic utilisation and physical condition of the asset concerned. Changes in asset lives or residual values can have a significant impact on depreciation charges for the period. It is not practical to quantify the impact of changes to asset lives or residual values on an overall basis, as they are all individually determined.

A provision for dilapidations recognised in prior periods has been fully reversed during the year following finalisation of new leasehold agreements. The reversal of £237,600 has been recognised as a credit within administrative expenses. This item has been disclosed separately as an exceptional item on the basis that it is material and non-recurring in nature.

The average monthly number of persons (including directors) employed by the company during the year was:

The plant and machinery and motor vehicles have been subject to an independent valuation in October 2022 by Tallon & Associates Limited, the value of plant and machinery was £975,500 and the value of motor vehicles was £28,500.

If plant and equipment and motor vehicles were stated on a historical cost basis rather than their revalued amounts, the costs would have been included as follows;

A debenture was created on the 15th June 2023 in favour of Barclays Bank Plc by way of a fixed and floating charge over all the assets in the company.

Finance lease payments represent rentals payable by the company for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 3 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

Hire purchase commitments are secured on the assets to which they relate.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

The ultimate parent undertaking of the company is EBC Group (UK) Ltd. The company is registered in England and Wales.

The registered office of the ultimate parent undertaking is Cedar Court 221 Hagley Road, Hayley Green, Halesowen, West Midlands, United Kingdom, B63 1ED.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.