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REGISTERED NUMBER: SC520013 (Scotland)

| A J Mitchell Limited |

| Unaudited Financial Statements |

| for the Year Ended 30 November 2025 |

| A J Mitchell Limited (Registered number: SC520013) |

Contents of the Financial Statements

for the Year Ended 30 November 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| A J Mitchell Limited |

Company Information

for the Year Ended 30 November 2025

| DIRECTORS: | A J Mitchell

| J L Mitchell

| REGISTERED OFFICE: | The Lighthouse

| Heugh Road

| North Berwick

| East Lothian

| EH39 5PX

| REGISTERED NUMBER: | SC520013 (Scotland)

| ACCOUNTANTS: | Whitelaw Wells

| 9 Ainslie Place

| Edinburgh

| Midlothian

| EH3 6AT

| A J Mitchell Limited (Registered number: SC520013) |

Balance Sheet

30 November 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 44,540 |  | 66,488 |  |

CURRENT ASSETS

Debtors | 5 | 5,548 |  | 4,602 |  |

Cash at bank | 4,266 |  | 2,810 |  |

9,814 |  | 7,412 |  |

CREDITORS

Amounts falling due within one year | 6 | 23,412 |  | 59,455 |  |

NET CURRENT LIABILITIES | (13,598 | ) | (52,043 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 30,942 |  | 14,445 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (23,085 | ) | (23,095 | ) |

PROVISIONS FOR LIABILITIES | (8,463 | ) | (12,633 | ) |

NET LIABILITIES | (606 | ) | (21,283 | ) |

| A J Mitchell Limited (Registered number: SC520013) |

Balance Sheet - continued

30 November 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Retained earnings | (607 | ) | (21,284 | ) |

SHAREHOLDERS' FUNDS | (606 | ) | (21,283 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 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 6 July 2026 and were signed on its behalf by:

A J Mitchell - Director

| A J Mitchell Limited (Registered number: SC520013) |

Notes to the Financial Statements

for the Year Ended 30 November 2025

1. | STATUTORY INFORMATION

| A J Mitchell 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.

| Critical accounting judgements and key sources of estimation uncertainty

| In the application of the businesses 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.

| Turnover

| Turnover represents income received for the installation and maintenance of motorised gates. Revenue is recognised when the company obtains the right to consideration.

| 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 | - | 25% on cost and 15% on reducing balance

| Financial instruments

| Financial instruments comprise financial assets and financial liabilities which are recognised when the company becomes a party to the contractual provisions of the instrument. Financial instruments are classified as "basic" in accordance with FRS 102 and are accounted for at amortised cost using the effective interest method. The effective interest rate is the rate that exactly discounts estimated future cash flows over the life of the financial assets or liability to the net carrying amount on initial recognition. Discounting is not applied to short-term receivables and payables, where the effect is immaterial.

| Financial assets at cost comprise cash trade debtors and other debtors. Financial liabilities comprise bank and other loans, trade creditors, accruals and other creditors.

| A J Mitchell Limited (Registered number: SC520013) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Going concern

| The financial statements have been prepared on the going concern principle, which assumes that the company will continue to trade in the foreseeable future. In order to do so the company will require the continued support of its directors and lenders. The directors and lenders will continue to support the company and are confident of the continued support of the creditors.

| A J Mitchell Limited (Registered number: SC520013) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

2. | ACCOUNTING POLICIES - continued

| Provisions

| Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 December 2024

| and 30 November 2025 | 90,582 |  |

| DEPRECIATION

| At 1 December 2024 | 24,094 |  |

| Charge for year | 21,948 |  |

| At 30 November 2025 | 46,042 |  |

| NET BOOK VALUE

| At 30 November 2025 | 44,540 |  |

| At 30 November 2024 | 66,488 |  |

| A J Mitchell Limited (Registered number: SC520013) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

4. | TANGIBLE FIXED ASSETS - continued

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

| Plant and

| machinery

| etc

£ |

| COST

| At 1 December 2024

| and 30 November 2025 | 56,715 |  |

| DEPRECIATION

| At 1 December 2024 | 14,179 |  |

| Charge for year | 14,179 |  |

| At 30 November 2025 | 28,358 |  |

| NET BOOK VALUE

| At 30 November 2025 | 28,357 |  |

| At 30 November 2024 | 42,536 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 5,548 |  | 185 |  |

| Other debtors | - |  | 4,417 |  |

5,548 |  | 4,602 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 10 |  | 10 |  |

| Trade creditors | 163 |  | 1,245 |  |

| Taxation and social security | 724 |  | 5,211 |  |

| Other creditors | 22,515 |  | 52,989 |  |

23,412 |  | 59,455 |  |

| Included within other creditors is a loan from a director totalling £19,752 (2024: £51,674). This loan is unsecured, interest-free and repayable on demand.

| A J Mitchell Limited (Registered number: SC520013) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 23,085 |  | 23,095 |  |