U. S. Securities and Exchange Commission
                     Washington, D. C.  20549

                           FORM 10-KSB

[X]  ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
     OF 1934

     For the fiscal year ended September 30, 2005
                               ------------------

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

     For the transition period from _________________ to __________________

                        Commission File No. 001-10171

                        WESTCOTT PRODUCTS CORPORATION
                        -----------------------------
                (Name of Small Business Issuer in its Charter)


        Delaware                                       80-0000245
        --------                                       ----------
(State or Other Jurisdiction of                  (I.R.S. Employer I.D. No.)
 incorporation or organization)

                             8867 South Capella Way
                               Sandy, Utah 84093
                               -----------------
                   (Address of Principal Executive Offices)

                  Issuer's Telephone Number:  (801) 631-7969

Securities Registered under Section 12(b) of the Exchange Act:

        Common stock, $0.001 par value
        ------------------------------

Securities Registered under Section 12(g) of the Exchange Act:

        None

     Check whether the Issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for
such shorter period that the Registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days.

     (1)   Yes      No  X         (2)   Yes  X    No
              ---      ---                  ---      ---

     Check if there is no disclosure of delinquent filers in response to
Item 405 of Regulation S-B is not contained in this form, and no disclosure
will be contained, to the best of Registrant's knowledge, in definitive
proxy or information statements incorporated by reference in Part III of
this Form 10-KSB or any amendment to this Form 10-KSB.  [ ]

     State Issuer's revenues for its most recent fiscal year: September 30,
2005; None.

     State the aggregate market value of the common voting stock held by
non-affiliates computed by reference to the price at which the stock was
sold, or the average bid and asked prices of such stock, as of a specified
date within the past 60 days.

     December 20, 2005 - $1,565.  There are approximately 1,565,119 shares of
common voting stock of the Registrant held by non-affiliates.  During the
past year, there is no "public market" for shares of common stock of the
Registrant, so the Registrant has arbitrarily valued these shares on the basis
of $0.001 par value per share.

                (ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
                       DURING THE PAST FIVE YEARS)

     None; not applicable.

     Check whether the issuer has filed all documents and reports required to
be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution
of securities under a plan confirmed by a court.   Yes     No
                                                       ---    ---

     None; not applicable.

                (APPLICABLE ONLY TO CORPORATE REGISTRANTS)

     State the number of shares outstanding of each of the Issuer's classes of
common equity, as of the latest practicable date:

     December 20, 2005: 27,527,980 shares of common stock.

     Indicate by check mark whether the registrant is a shell company (as
defined in Rule 12b-2 of the Exchange Act).  Yes X    No
                                                ---     ---

               DOCUMENTS INCORPORATED BY REFERENCE
               -----------------------------------

     A description of "Documents Incorporated by Reference" is contained in
Part III, Item 13.

   Transitional Small Business Issuer Format   Yes  X    No
                                                   ---      ---
                              PART I

Item 1.  Description of Business.
         ------------------------

Business Development.
---------------------

     Organization
     ------------

     Our Company (Westcott Products Corporation, our "Company," "we," "our,"
and "us") was incorporated as Light Tech, Inc. under the laws of the State of
Nevada on May 24, 1984.  At our Company's inception, a total of 1,082,000
shares of our one mill ($0.001) par value common voting stock was issued to
directors, officers and founders for a total consideration of $2,500.
Commencing June 19, 1984, and ending August 8, 1984, we offered and sold
2,500,000 shares of our one mill ($0.001) par value common voting stock to
residents of the State of Utah pursuant to Rule 504 of Regulation D
promulgated under the Securities Act of 1933, as amended (the "Securities
Act"), for a total consideration of $25,000.  Thereafter, we remained inactive
until June 14, 1985, when our stockholders approved an Agreement and Plan of
Reorganization with Lee Building Products, Inc. that is outlined below.

     Westcott Products Corporation was organized by us under the laws of the
State of Delaware on June 24, 1986, for the purpose of changing our name and
domicile of to the State of Delaware.  On June 27, 1986, we merged with the
Delaware corporation, the survivor being Westcott Products Corporation.  Our
Company is now in the development stage as it searches for new business
opportunities.

     We have an authorized capital of 100,000,000 shares divided into
50,000,000 shares of common stock of a par value of $0.001 per share and
50,000,000 shares of preferred stock with a par value of $0.01, with 3,000,000
of the 50,000,000 shares of preferred stock designated as Series A.  Our
Company was formed for the primary purpose of engaging in any and all lawful
business.

     All of our Company's operations were conducted through our wholly owned
subsidiary T. A. Kilgore & Company, ("Kilgore") which owned and operated a
home center in League City, Texas, about 30 miles southeast of downtown
Houston.  Until November 1990, when Kilgore ceased operations and the secured
lenders took possession of all of Kilgore's assets.

     Our Company has been basically dormant since 1990.  On March 11, 2000,
our Board of Directors began the process of bringing our Company current, with
the appointment of new officers and directors.  We also authorized the
issuance of 15,000,000 shares of our common stock for $15,000.  On October 5,
2000, in order to reconcile our Company's transfer records, we authorized the
issuance of 10,955,881 shares of our common stock in the name of ARTCO
Trustee, our transfer agent, for the sole purpose of replacing certificates
presented for transfer that are not reflected on the shareholders list, if
there is reasonable cause to believe that such certificates were issued by
Mellon Securities Transfer, our previous transfer agent, and would have been
represented alphabetically, on pages 269 or 270 of Mellon Securities Transfer
shareholder list dated December 27, 1993.

     Copies of the Certificate of Ownership and Merger and our Articles of
Incorporation, as amended, together with our By-Laws, are attached to our
10KSB for the year ended September 30, 2003 and are herein by reference.  See
Part III, Item 1.

     Business.
     ---------

     Our Company's plan of operation for the next 12 months is to:(i) consider
guidelines of industries in which we may have an interest; (ii) adopt a
business plan regarding engaging in the business of any selected industry;
and (iii) to commence such operations through funding and/or the acquisition
of a "going concern" engaged in any industry selected.  When and if we will
complete an acquisition is presently unknown, and will depend upon various
factors, including but not limited to, funding and its availability; and if
and when any potential acquisition may become available to us on terms
acceptable to us.

     Our Company is not currently engaged in any substantive business
activity, and we have no plans to engage in any such activity in the
foreseeable future.  In our present form, we may be deemed to be a vehicle to
acquire or merge with a business or company.  Regardless, the commencement of
any business opportunity will be preceded by the consideration and adoption of
a business plan by our Board of Directors.  We do not intend to restrict our
search for business opportunities to any particular business or industry, and
the areas in which we will seek out business opportunities or acquisitions,
reorganizations or mergers may include, but will not be limited to, the fields
of high technology, manufacturing, natural resources, service, research and
development, communications, transportation, insurance, brokerage, finance and
all medically related fields, among others.  We recognize that the number of
suitable potential business ventures that may be available to us may be
extremely limited, and may be restricted to entities who desire to avoid
what such entities may deem to be the adverse factors related to an initial
public offering ("IPO").  The most prevalent of these factors include
substantial time requirements, legal and accounting costs, the inability to
obtain an underwriter who is willing to publicly offer and sell shares, the
lack of or the inability to obtain the required financial statements for such
an undertaking, limitations on the amount of dilution to public investors in
comparison to the stockholders of any such entities, along with other
conditions or requirements imposed by various federal and state securities
laws, rules and regulations and federal and state agencies that implement such
laws, rules and regulations.  Any of these types of transactions, regardless
of the particular prospect, would require us to issue a substantial number of
shares of our common stock, that could amount to as much as 95% of our
outstanding securities following the completion of any such transaction;
accordingly, investments in any such private enterprise, if available, would
be much more favorable than any investment in our Company.

     Management intends to consider a number of factors prior to making any
decision as to whether to participate in any specific business endeavor, none
of which may be determinative or provide any assurance of success.  These may
include, but will not be limited to, as applicable, an analysis of the quality
of the particular entity's management personnel; the anticipated acceptability
of any new products or marketing concepts that it may have; the merit of its
technological changes; its present financial condition, projected growth
potential and available technical, financial and managerial resources; its
working capital, history of operations and future prospects; the nature of its
present and expected competition; the quality and experience of its management
services and the depth of its management; its potential for further research,
development or exploration; risk factors specifically related to its business
operations; its potential for growth, expansion and profit; the perceived
public recognition or acceptance of its products, services, trademarks and
name identification; and numerous other factors which are difficult, if not
impossible, to properly or accurately analyze, let alone describe or identify,
without referring to specific objective criteria.

     Regardless, the results of operations of any specific entity may not
necessarily be indicative of what may occur in the future, by reason of
changing market strategies, plant or product expansion, changes in product
emphasis, future management personnel and changes in innumerable other
factors.  Further, in the case of a new business venture or one that is in a
research and development mode, the risks will be substantial, and there will
be no objective criteria to examine the effectiveness or the abilities of its
management or its business objectives.  Also, a firm market for its products
or services may yet need to be established, and with no past track record, the
profitability of any such entity will be unproven and cannot be predicted with
any certainty.

     Management will attempt to meet personally with management and key
personnel of the entity providing any potential business opportunity afforded
to our Company, visit and inspect material facilities, obtain independent
analysis or verification of information provided and gathered, check
references of management and key personnel and conduct other reasonably
prudent measures calculated to ensure a reasonably thorough review of any
particular business opportunity; however, due to time constraints of
management, these activities may be limited.  See the heading "Business
Experience," Part III, Item 9.

     We are unable to predict the time as to when and if we may actually
participate in any specific business endeavor.  Our Company anticipates that
proposed business ventures will be made available to us through personal
contacts of directors, executive officers and principal stockholders,
professional advisors, broker dealers in securities, venture capital
personnel, members of the financial community and others who may present
unsolicited proposals.  In certain cases, we may agree to pay a finder's fee
or to otherwise compensate the persons who submit a potential business
endeavor in which our Company eventually participates.  Such persons
may include our directors, executive officers and beneficial owners our
securities or their affiliates.  In this event, such fees may become a factor
in negotiations regarding any potential venture and, accordingly, may present
a conflict of interest for such individuals.  Management does not presently
intend to acquire or merge with any business enterprise in which any member
has a prior ownership interest.

     Our Company's directors and executive officers have not used any
particular consultants, advisors or finders on a regular basis.

     Although we currently have no plans to do so, depending on the nature and
extent of services rendered, we may compensate members of management in the
future for services that they may perform for our Company.  Because we
currently have extremely limited resources, and we are unlikely to have any
significant resources until we have determined a business or enterprise
to engage in or have completed a merger or acquisition, management expects
that any such compensation would take the form of an issuance of our Company's
common stock to these persons; this would have the effect of further diluting
the holdings of our other stockholders.  There are presently no preliminary
agreements or understandings between us and members of management respecting
such compensation.

     Substantial fees are often paid in connection with the completion of all
types of acquisitions, reorganizations or mergers, ranging from a small amount
to as much as $400,000.  These fees are usually divided among promoters or
founders, after deduction of legal, accounting and other related expenses, and
it is not unusual for a portion of these fees to be paid to members of
management or to principal stockholders as consideration for their agreement
to retire a portion of the shares of common stock owned by them.  Management
may actively negotiate or otherwise consent to the purchase of all or any
portion of their common stock as a condition to, or in connection with, a
proposed reorganization, merger or acquisition.  It is not anticipated that
any such opportunity will be afforded to other stockholders or that such other
stockholders will be afforded the opportunity to approve or consent to any
particular stock buy-out transaction.  In the event that any such fees are
paid, they may become a factor in negotiations regarding any potential
acquisition or merger by our Company and, accordingly, may also present a
conflict of interest for such individuals.  We have no present arrangements or
understandings respecting any of these types of fees or opportunities.

     None of our directors, executive officers, founders or their affiliates
or associates has had any negotiations with any representatives of the owners
of any business or company regarding the possibility of an acquisition,
reorganization, merger or other business opportunity for our Company; nor are
there any similar arrangements with us.

Risk Factors
------------

     In any business venture, there are substantial risks specific to the
particular enterprise which cannot be ascertained until a potential
acquisition, reorganization or merger candidate has been identified; however,
at a minimum, our Company's present and proposed business operations will be
highly speculative and be subject to the same types of risks inherent in any
new or unproven venture, and will include those types of risk factors outlined
below.

Extremely Limited Assets; No Source of Revenue.
-----------------------------------------------

     Our Company has minimal assets and has had no profitable operations since
inception.   We will not receive additional revenues until we select an
industry in which to commence business or  complete an acquisition,
reorganization or merger, at the earliest.  We can provide no assurance that
any selected or acquired business will produce any material revenues for our
Company or our stockholders or that any such business will operate on a
profitable basis.

Our Company May Be Deemed to Be a "Blank Check" Company Until We Adopt a
Business Plan.
--------------

     The limited business operations of our Company, as now contemplated,
involve those of a "blank check" company.  The only activities to be conducted
by our Company are winding down the business and to manage our current limited
assets and to seek out and investigate the commencement or the acquisition of
any viable business opportunity by purchase and exchange for securities of our
Company or pursuant to a reorganization or merger through which securities of
our Company will be issued or exchanged.

Discretionary Use of Proceeds; "Blank Check" Company.
-----------------------------------------------------

     Because our Company is not currently engaged in any substantive business
activities, as well as management's broad discretion with respect to selecting
a business or industry for commencement of operations or completing an
acquisition of assets, property or business, our Company may be deemed to be a
"blank check" company.  Although management intends to apply any proceeds we
may receive through the issuance of stock or debt to a suitable business
enterprise, subject to the criteria identified above, such proceeds will not
otherwise be designated for any more specific purpose.  Our Company can
provide no assurance that any use or allocation of such proceeds will allow us
to achieve our business objectives.  We will comply with Rule 419 of
Regulation C of the Securities and Exchange Commission if we issue stock or
debt in a public offering, by depositing proceeds promptly into an escrow
account or trust account and that the funds would not be released until we
provide the purchaser with information regarding the business combination and
also receive in writing a confirmation regarding his or her decision to
invest.

Our Company is not currently engaged in any substantive business activity, and
we have not plans to engage in any such activity in the foreseeable future.
---------------------------------------------------------------------------

     When and if we will complete an acquisition is presently unknown, and
will depend upon various factors, including but not limited to, funding and
its availability; and if and when any potential acquisition may become
available to us on terms acceptable to us.

Our Company Will Seek Out Business Opportunities.
-------------------------------------------------

     Management will seek out and investigate business opportunities through
every reasonably available fashion, including personal contacts,
professionals, securities broker dealers, venture capital personnel, members
of the financial community and others who may present unsolicited proposals;
our Company may also advertise our availability as a vehicle to bring a
company to the public market through a "reverse" reorganization or merger.

Absence of Substantive Disclosure Relating to Prospective Acquisitions.
-----------------------------------------------------------------------

     Because our Company has not yet identified any industry or assets,
property or business that we may engage in or acquire, potential investors in
our Company will have virtually no substantive information upon which to base
a decision whether to invest in our Company.  Potential investors would have
access to significantly more information if our Company had already identified
a potential acquisition or if the acquisition target had made an offering of
its securities directly to the public.  Our Company can provide no assurance
that any investment in our Company will not ultimately prove to be less
favorable than such a direct investment.

Unspecified Industry and Acquired Business; Unascertainable Risks.
------------------------------------------------------------------

     To date, our Company has not identified any particular industry or
business in which to concentrate our potential interests.  Accordingly,
prospective investors currently have no basis to evaluate the comparative
risks and merits of investing in the industry or business in which our Company
may acquire.  To the extent that our Company may acquire a business in a high
risk industry, our Company will become subject to those risks.  Similarly, if
our Company acquires a financially unstable business or a business that is in
the early stages of development, our Company will become subject to the
numerous risks to which such businesses are subject.  Although management
intends to consider the risks inherent in any industry and business in which
we may become involved, there can be no assurance that we will correctly
assess such risks.

Uncertain Structure of Acquisition.
-----------------------------------

     Management has had no preliminary contact or discussions regarding, and
there are no present plans, proposals or arrangements to engage in or acquire
any specific business, assets, property or business.   Accordingly, it is
unclear whether such an acquisition would take the form of an exchange of
capital stock, a merger or an asset acquisition.  However, because our Company
has virtually no resources as of the date of this Annual Report, management
expects that any such acquisition would take the form of an exchange of
capital stock.

Auditor's 'Going Concern' Opinion.
----------------------------------

     The Independent Auditor's Report issued in connection with the audited
financial statements of our Company for the fiscal year ended September 30,
2005 and 2004, expresses "substantial doubt about its ability to continue as a
going concern," due to our Company's status as a start up and our lack of
profitable operations.  See Part II, Item 7, of this Annual Report.

Losses Associated With Startup.
-------------------------------

     Our Company has not had a profitable operating history.  We cannot
guarantee that we will become profitable.

State Restrictions on "Blank Check" Companies.
----------------------------------------------

     A total of 36 states prohibit or substantially restrict the registration
and sale of "blank check" companies within their borders.  Additionally, 36
states use "merit review powers" to exclude securities offerings from their
borders in an effort to screen out offerings of highly dubious quality.  See
paragraph 8221, NASAA Reports, CCH Topical Law Reports, 1990.  Our Company
intends to comply fully with all state securities laws, and plans to take the
steps necessary to ensure that any future offering of our securities is
limited to those states in which such offerings are allowed.  However, while
our Company has no substantive business operations and is deemed to a "blank
check" Company, these legal restrictions may have a material adverse impact on
the Company's ability to raise capital because potential purchasers of the
Company's securities must be residents of states that permit the purchase of
such securities.  These restrictions may also limit or prohibit stockholders
from reselling shares of our Company's common stock within the borders of
regulating states.

     By regulation or policy statement, eight states (Idaho, Maryland,
Missouri, Nevada, New Mexico, Pennsylvania, Utah and Washington), some of
which are included in the group of 36 states mentioned above, place various
restrictions on the sale or resale of equity securities of "blank check" or
"blind pool" companies.  These restrictions include, but are not limited to,
heightened disclosure requirements, exclusion from "manual listing"
registration exemptions for secondary trading privileges and outright
prohibition of public offerings of such companies.

     In most jurisdictions, "blank check" and "blind pool" companies are not
eligible for participation in the Small Corporate Offering Registration
("SCOR") program, which permits an issuer to notify the Securities and
Exchange Commission of certain offerings registered in such states by filing a
Form D under Regulation D of the Securities and Exchange Commission.  All
states (with the exception of Alabama, Delaware, Florida, Hawaii, Minnesota,
Nebraska and New York) have adopted some form of SCOR.  States participating
in the SCOR program also allow applications for registration of securities by
qualification by filing a Form U-7 with the states' securities commissions.
Nevertheless, our Company does not anticipate making any SCOR offering or
other public offering in the foreseeable future, even in any jurisdiction
where it may be eligible for participation in SCOR, despite our status as a
"blank check" or "blind pool" company.

     The net effect of the above-referenced laws, rules and regulations will
be to place significant restrictions on our Company's ability to register,
offer and sell and/or to develop a secondary market for shares of our
Company's common stock in virtually every jurisdiction in the United States.
These restrictions should cease once and if our Company acquires a venture by
purchase, reorganization or merger, so long as the business operations
succeeded to involve sufficient activities of a specific nature.

Management to Devote Insignificant Time to Activities of Our Company.
---------------------------------------------------------------------

     Members of our Company's management are not required to devote their full
time to the affairs of our Company.  Because of their time commitments, as
well as the fact that our Company has no business operations, the members of
management currently devote one hour a week to the activities of our Company,
until such time as our Company has identified a suitable acquisition target.

No Market for Common Stock; No Market for Shares.
-------------------------------------------------

     Although our Company intends to submit for quotation of our common stock
on the OTC Bulletin Board of the NASD before any selection of a business
opportunity or a merger or acquisition transaction, and to seek a
broker-dealer to act as market-maker for our securities (without the use of
any consultant), there is currently no market for such shares, there have been
no discussions with any broker-dealer or any other person in this regard, and
no market maker has been identified; there can be no assurance that such a
market will ever develop or be maintained or that we will have any success in
having our securities quoted on the OTC Bulletin Board.  Any market price for
shares of common stock of our Company is likely to be very volatile, and
numerous factors beyond the control of our Company may have a significant
effect.  In addition, the stock markets generally have experienced, and
continue to experience, extreme price and volume fluctuations which have
affected the market price of many small capital companies and which have often
been unrelated to the operating performance of these companies.  These broad
market fluctuations, as well as general economic and political conditions, may
adversely affect the market price of our Company's common stock in any market
that may develop.  Sales of "restricted securities" under Rule 144 may also
have an adverse effect on any market that may develop.  See Part II, Item 5.

Risks of "Penny Stock."
-----------------------

     Our Company's common stock may be deemed to be "penny stock" as that term
is defined in Rule 3a51-1 of the Securities and Exchange Commission.  Penny
stocks are stocks (i) with a price of less than five dollars per share;
(ii) that are not traded on a "recognized" national exchange; (iii) whose
prices are not quoted on the NASDAQ automated quotation system (NASDAQ- listed
stocks must still meet requirement (i) above); or (iv) in issuers with net
tangible assets less than $2,000,000 (if the issuer has been in continuous
operation for at least three years) or $5,000,000 (if in continuous operation
for less than three years), or with average revenues of less than $6,000,000
for the last three years.

     Section 15(g) of the Exchange Act and Rule 15g-2 of the Securities and
Exchange Commission require broker- dealers dealing in penny stocks to provide
potential investors with a document disclosing the risks of penny stocks and
to obtain a manually signed and dated written receipt of the document before
effecting any transaction in a penny stock for the investor's account.
Potential investors in our Company's common stock are urged to obtain and read
such disclosure carefully before purchasing any shares that are deemed to be
"penny stock."

     Moreover, Rule 15g-9 of the Securities and Exchange Commission requires
broker-dealers in penny stocks to approve the account of any investor
for transactions in such stocks before selling any penny stock to that
investor.  This procedure requires the broker-dealer to (i) obtain from the
investor information concerning his or her financial situation, investment
experience and investment objectives; (ii) reasonably determine, based on that
information, that transactions in penny stocks are suitable for the investor
and that the investor has sufficient knowledge and experience as to be
reasonably capable of evaluating the risks of penny stock transactions; (iii)
provide the investor with a written statement setting forth the basis on which
the broker-dealer made the determination in (ii) above; and (iv) receive a
signed and dated copy of such statement from the investor, confirming that it
accurately reflects the investor's financial situation, investment experience
and investment objectives.  Compliance with these requirements may make it
more difficult for investors in our Company's common stock to resell their
shares to third parties or to otherwise dispose of them.

There Has Been No "Established Public Market" for Our Company's Common Stock
Since Inception.
----------------

     At such time as our Company identifies a business opportunity or
completes a merger or acquisition transaction, if at all, we may attempt to
qualify for quotation on either NASDAQ or a national securities exchange.
However, at least initially, any trading in our common stock will most likely
be conducted in the over-the-counter market in the "pink sheets" or the OTC
Bulletin Board of the NASD.  Management intends to submit our securities for
quotations on a national medium as soon as is reasonably practicable.

Principal Products or Services and Their Markets
------------------------------------------------

     None; not applicable.

Distribution Methods of the Products or Services
------------------------------------------------

     None; not applicable.

Status of any Publicly Announced New Product or Service
-------------------------------------------------------

     None; not applicable.

Competitive Business Conditions
-------------------------------

     Management believes that there are literally thousands of "blank check"
companies engaged in endeavors similar to those engaged in by our Company;
many of these companies have substantial current assets and cash reserves.
Competitors also include thousands of other publicly-held companies whose
business operations have proven unsuccessful, and whose only viable business
opportunity is that of providing a publicly-held vehicle through which a
private entity may have access to the public capital markets.  There is no
reasonable way to predict the competitive position of our Company or any other
entity in the strata of these endeavors; however, our Company, having limited
assets and cash reserves, will no doubt be at a competitive disadvantage in
competing with entities which have recently completed IPO's, have significant
cash resources and have recent operating histories when compared with the
complete lack of any substantive operations by our Company for the past
several years.

Sources and Availability of Raw Materials and Names of Principal Suppliers
--------------------------------------------------------------------------

     None; not applicable.

Dependence on One or a Few Major Customers
------------------------------------------

     None; not applicable.

Patents, Trademarks, Licenses, Franchises, Concessions, Royalty Agreements or
Labor Contracts
---------------

     None; not applicable.

Need for any Governmental Approval of Principal Products or Services
--------------------------------------------------------------------

     Because our Company currently produces no products or services, we are
not presently subject to any governmental regulation in this regard.  However,
in the event that our Company engages in a merger or acquisition transaction
with an entity that engages in such activities, we will become subject to all
governmental approval requirements to which the merged or acquired entity is
subject.

Effect of Existing or Probable Governmental Regulations on Business
-------------------------------------------------------------------

     The integrated disclosure system for small business issuers adopted by
the Securities and Exchange Commission in Release No.  34-30968 and effective
as of August 13, 1992, substantially modified the information and financial
requirements of a "Small Business Issuer," defined to be an issuer that has
revenues of less than $25 million; is a U.S.  or Canadian issuer; is not an
investment company; and if a majority-owned subsidiary, the parent is also a
small business issuer; provided, however, an entity is not a small business
issuer if it has a public float (the aggregate market value of the issuer's
outstanding securities held by non- affiliates) of $25 million or more.

     The Securities and Exchange Commission, state securities commissions and
the North American Securities Administrators Association, Inc.  ("NASAA") have
expressed an interest in adopting policies that will streamline the
registration process and make it easier for a small business issuer to have
access to the public capital markets.  The present laws, rules and regulations
designed to promote availability to the small business issuer of these capital
markets and similar laws, rules and regulations that may be adopted in the
future will substantially limit the demand for "blank check" companies like
our Company, and may make the use of these companies obsolete.

     We are also subject to the Sarbanes-Oxley Act of 2002.  This Act creates
a strong and independent accounting oversight board to oversee the conduct of
auditors of public companies and strengthens auditor independence.  It also
requires steps to enhance the direct responsibility of senior members of
management for financial reporting and for the quality of financial
disclosures made by public companies; establishes clear statutory rules to
limit, and to expose to public view, possible conflicts of interest affecting
securities analysts; creates guidelines for audit committee members'
appointment, compensation and oversight of the work of public companies'
auditors; prohibits certain insider trading during pension bund blackout
periods; and establishes a federal crime of securities fraud, among other
provisions.

     Section 14(a) of the Exchange Act requires all companies with securities
registered pursuant to Section 12(g) of the Exchange Act to comply
with the rules and regulations of the Securities and Exchange Commission
regarding proxy solicitations, as outlined in Regulation 14A.  Matters
submitted to stockholders of our Company at a special or annual meeting
thereof or pursuant to a written consent will require our Company to provide
our stockholders with the information outlined in Schedules 14A or 14C of
Regulation 14; preliminary copies of this information must be submitted to the
Securities and Exchange Commission at least 10 days prior to the date that
definitive copies of this information are forwarded to our stockholders.

     We are also required to file annual reports on Form 10-KSB and quarterly
reports on Form 10-QSB with the Securities Exchange Commission on a regular
basis, and will be required to timely disclose certain material events (e.g.,
changes in corporate control; acquisitions or dispositions of a significant
amount of assets other than in the ordinary course of business; and
bankruptcy) in a Current Report on Form 8-K12G3.

     If we are acquired by a non-"reporting issuer" under the Exchange Act, we
will be subject to the "back-door registration" requirements of the Securities
and Exchange Commission that will require us to file a Current Report on Form
8-K12G3 that will include all information about such non-"reporting issuer" as
would have been required to be filed by that entity had it filed a Form 10 or
Form 10SB Registration Statement with the Securities and Exchange Commission.
The Securities and Exchange Commission proposed on April 13, 2004, that any
acquisition that will result in our Company no longer being a "blank check" or
"blind pool" company will require us to include all information about the
acquired company as would have been required to be filed by that entity had it
filed a Form 10 or Form 10SB Registration Statement with the Securities and
Exchange Commission.

Research and Development
------------------------

     None; not applicable.

Cost and Effects of Compliance with Environmental Laws
------------------------------------------------------

     None; not applicable.  However, environmental laws, rules and regulations
may have an adverse effect on any business venture viewed by our Company as an
attractive acquisition, reorganization or merger candidate, and these factors
may further limit the number of potential candidates available to our Company
for acquisition, reorganization or merger.

Number of Employees
-------------------

     None.

Item 2.  Description of Property.
---------------------------------

     Our Company has no property or assets; its principal executive office
address and telephone number are the business office address and telephone
number of Wayne Bassham, our Company's President, which are provided at no
cost to the Company.  See Part I, Item 1.

Item 3.  Legal Proceedings.
---------------------------

     Our Company is not the subject of any pending legal proceedings; and to
the knowledge of management, no proceedings are presently contemplated against
our Company by any federal, state or local governmental agency.

     Further, to the knowledge of management, no director or executive officer
is party to any action in which any has an interest adverse to our Company.

Item 4.  Submission of Matters to a Vote of Security Holders.
-------------------------------------------------------------

     No matter was submitted to a vote of our Company's security holders
during the fourth quarter of the period covered by this Annual Report or
during the previous two calendar years.

                         PART II

Item 5.  Market for Common Equity, Related Stockholder Matters and Small
Business Purchases of Equity Securities.
----------------------------------------

Market Information.
-------------------

     There has been an established public market for shares of common
stock of our Company on the Boston Stock Exchange.  However, our Company
intends to submit for listing on the OTC Bulletin Board of the NASD.  We can
not ensure that we will be successful in obtaining quotations on the OTC
Bulletin Board of the National Association of Securities Dealers, Inc. and no
assurance can be given that any market for our Company's common stock will
develop or be maintained.  For any market that develops for our Company's
common stock, the sale of "restricted securities" (common stock) pursuant to
Rule 144 of the Securities and Exchange Commission by members of management or
any other person to whom any such securities may be issued in the future may
have a substantial adverse impact on any such public market.  Present members
of management have already satisfied the one year holding period of Rule 144
for public sales of their respective holdings in our Company in accordance
with Rule 144.

     A minimum holding period of one year is required for resales under Rule
144, along with other pertinent provisions, including publicly available
information concerning our Company; limitations on the volume of restricted
securities which can be sold in any ninety (90) day period; the requirement of
unsolicited broker's transactions; and the filing of a Notice of Sale on Form
144.

Holders.
--------

     The number of record holders of our Company's common stock as of the
year ended September 30, 2005 was approximately 555; these numbers do not
include an indeterminate number of stockholders whose shares are held by
brokers in street name.  As of December 20, 2005 there were approximately 555
stockholders.

Dividends.
----------

     There are no present material restrictions that limit the ability of
our Company to pay dividends on common stock or that are likely to do so in
the future.  Our Company has not paid any dividends with respect to its
common stock, and does not intend to pay dividends in the foreseeable
future.

Equity Compensation Plan Information
------------------------------------

     We do not have any Equity Compensation Plans.

Recent Sales of Unregistered Securities; Use of Proceeds from Registered
Securities.
-----------

     On March 11, 2000, we authorized the issuance of 15,000,000 shares of our
common stock for $15,000.

     On October 5, 2000, in order to reconcile our Company's transfer records,
we authorized the issuance of 10,955,881 shares of our common stock in the
name of ARTCO Trustee, our transfer agent, for the sole purpose of replacing
certificates presented for transfer that are not reflected on the shareholders
list, if there is reasonable cause to believe that such certificates were
issued by Mellon Securities Transfer, our previous transfer agent, and would
have been represented alphabetically, on pages 269 or 270 of Mellon Securities
Transfer shareholder list dated December 27, 1993.

     There have been no other sales of "restricted securities" or other
securities by us during the past three years.

Purchases of Equity Securities by Us and Affiliated Purchasers.
---------------------------------------------------------------

     There were no purchases of our equity securities by us or any affiliated
purchasers during the calendar year ended September 30, 2005.

Item 6.  Management's Discussion and Analysis or Plan of Operation.
-------------------------------------------------------------------

Plan of Operation.
------------------

     Our Company has not engaged in any material operations during the year
end September 30, 2005 or since 1990.

     Our Company's plan of operation for the next 12 months is to:(i)
consider guidelines of industries in which our Company may have an interest;
(ii) adopt a business plan regarding engaging in business in any selected
industry; and (iii) to commence such operations through funding and/or the
acquisition of a "going concern" engaged in any industry selected.

     Our Company's only foreseeable cash requirements during the next 12
months will relate to maintaining our Company in good standing in the State
of Utah, as well as legal and accounting fees.  Management does not anticipate
that our Company will have to raise additional funds during the next 12
months.

     When and if an acquisition is made is presently unknown, and will depend
upon various factors, including but not limited to, funding and its
availability; and if and when any potential acquisition may become available
to us at terms acceptable to us.  The estimated costs associated with
investigating a potential business venture would be mainly for due diligence
and the legal process and could cost between $5,000 to $25,000, which
management has agreed to loan the Company.

Item 7.  Financial Statements.
------------------------------

<PAGE>
                   Westcott Products Corporation
                   [A Development Stage Company]
Financial Statements and Report of Independent Registered Public Accounting
                               Firm
                         September 30, 2005
<PAGE>
                   Westcott Products Corporation
                   [A Development Stage Company]
                         TABLE OF CONTENTS

                                                                      Page

Report of Independent Registered Public Accounting Firm                 1

Balance Sheet -- September 30, 2005                                     2

Statements of Operations for the years ended September 30, 2005
and 2004 and for the period from Reactivation [October 1999] through
September 30, 2005                                                      3

Statements of Stockholders' Deficit for the period from Reactivation
[October 1999] through September 30, 2005                               4

Statements of Cash Flows for the years ended September 30, 2005 and
2004 and for the period from Reactivation [October 1999] through
September 30, 2005                                                      5

Notes to Financial Statements                                        6 -- 11

<PAGE>
     REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


The Board of Directors and Shareholders
Westcott Products Corporation [a development stage company]


We have audited the accompanying balance sheet of Westcott Products
Corporation [a development stage company] as of September 30, 2005, and the
related statements of operations, stockholders' deficit, and cash flows for
the periods ended September 30, 2005 and 2004, and for the period from
Reactivation [October 1999] through September 30, 2005.  These financial
statements are the responsibility of the Company's management.  Our
responsibility is to express an opinion on these financial statements based on
our audit.

We conducted our audit in accordance with standards of the Public Company
Accounting Oversight Board (United States).  Those standards require that we
plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement.  The Company has
determined that it is not required to have, nor were we engaged to perform, an
audit of its internal control over financial reporting.  Our audit included
consideration of internal control over financial reporting as a basis for
designing audit procedures that are appropriate in the circumstances, but not
for the purpose of expressing an opinion on the effectiveness of the Company's
internal controls over financial reporting.  Accordingly, we express no such
opinion.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also
includes assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial statement
presentation.  We believe that our audit provides a reasonable basis for our
opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Westcott Products Corporation
[a development stage company] as of September 30, 2005, and the results of
operations and cash flows for the years ended September 30, 2005 and 2004 and
for the period from Reactivation [October 1999] through September 30, 2005, in
conformity with accounting principles generally accepted in the United States
of America.

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern.  As discussed in Note 2 to the
financial statements, the Company has accumulated losses from operations,
minimal assets, and a net working capital deficiency that raise substantial
doubt about its ability to continue as a going concern.  Management plans in
regard to these matters are also described in Note 2.  The financial
statements do not include any adjustments that might result from the outcome
of this uncertainty.

/s/Mantyla McReynolds, LLC
Mantyla McReynolds,LLC
Salt Lake City, Utah
November 14, 2005
<PAGE>
                         Westcott Products Corporation
                         [A Development Stage Company]
                                Balance Sheet
                             September 30, 2005

                                    ASSETS

Assets
  Current Assets
     Cash                                                $   3,684
     Prepaid Expenses                                          160
                                                         ---------
           Total Current Assets                              3,844
                                                         ---------
                            Total Assets                 $   3,844
                                                         =========
               LIABILITIES AND STOCKHOLDERS' DEFICIT

Liabilities:
  Current Liabilities:
  Accrued liabilities - Note 5                           $       0
  Payable to shareholders - Note 6                          14,456
                                                         ---------
           Total Current Liabilities                        14,456
                                                         ---------
                         Total Liabilities                  14,456

Stockholders' Deficit:
  Preferred Stock   50,000,000 shares authorized having
  a par value of $.01, $1.00 liquidation value; 3,000,000
  issued and outstanding                                    30,000
  Capital Stock   50,000,000 shares authorized having a
   par value of $.001 per share; 27,527,980 shares issued
   and outstanding - Note 4                                 27,528
  Additional Paid-in Capital                             2,758,685
  Accumulated Deficit                                   (2,867,932)
  Deficit accumulated in development stage                  41,107
                                                        ----------
                    Total Stockholders' Deficit            (10,612)
                                                        ----------
            Total Liabilities and Stockholders' Deficit $    3,844
                                                        ==========

          See accompanying notes to financial statements.
                               F-2
<PAGE>
                   Westcott Products Corporation
                   [A Development Stage Company]
                      Statements of Operations
   For the periods ended September 30, 2005 and 2004 and for the
 period from Reactivation [October 1999] through September 30, 2005


                                                                  Period from
                                                                  Reactivation
                                                                     through
                                          2005           2004       9/30/2005
                                      ---------        -------       --------
Revenues                              $       0        $     0       $      0

General & Administrative Expenses         4,154          2,170         15,612
                                      ---------        -------       --------
        Operating Income (Loss)          (4,154)        (2,170)       (15,612)
                                      ---------        -------       --------
Other Income                             56,719              0         56,719
                                      ---------        -------       --------
    Net (Loss) Before Income Taxes       52,565         (2,170)        41,107

Current Year Provision for Income Taxes       0              0              0
                                      ---------        -------       --------
Net Income (Loss)                     $  52,565        $(2,170)      $ 41,107
                                      =========        =======       ========
Loss Per Common Share                 $     .00        $  (.01)      $    .00
                                      =========        =======       ========
Weighted Average Shares Outstanding  27,527,980     27,527,980     26,188,988
                                     ==========     ==========     ==========


          See accompanying notes to financial statements.
                               F-3
<PAGE>
                   Westcott Products Corporation
                   [A Development Stage Company]
                Statements of Stockholders' Deficit
For the period from Reactivation [October 1999] through September 30, 2005

                          Preferred      Preferred       Common      Common
                           Shares          Stock         Shares      Stock

Balance, October 1, 1999  3,000,000      $ 30,000     12,527,980   $  12,528

Issued common stock for
cash at par, $.001,
March 11, 2000                                        15,000,000      15,000

Net income for the period
ended September 30, 2000
                         ----------      --------     ----------   ---------
Balance,
September 30, 2000        3,000,000        30,000     27,527,980      27,528

Net income for the period
ended September 30, 2001
                         ----------     ---------     ----------   ---------
Balance,
September 30, 2001        3,000,000        30,000     27,527,980      27,528

Net income for the period
ended September 30, 2002
                          ---------     ---------     ----------   ---------
Balance,
September 30, 2002        3,000,000        30,000     27,527,980      27,528

Net income for the period
ended September 30, 2003
                          ---------     ---------     ----------   ---------
Balance,
September 30, 2003        3,000,000        30,000     27,527,980      27,528

Net income for the period
ended September 30, 2004
                          ---------     ---------     ----------   ---------
Balance,
September 30, 2004        3,000,000        30,000     27,527,980      27,528

Net income for the period
ended September 30, 2005
                          ---------     ---------     ----------   ---------
Balance,
September 30, 2005        3,000,000        30,000     27,527,980      27,528
                          =========     =========     ==========   =========

[Continued]
                   Westcott Products Corporation
                   [A Development Stage Company]
                Statements of Stockholders' Deficit
For the period from Reactivation [October 1999] through September 30, 2005

                                                     Deficit
                           Additional              Accumulated       Net
                            Paid-in   Accumulated in development Stockholders'
                            Capital     Deficit        stage       Deficit

Balance, October 1, 1999  $ 2,758,685 $(2,867,932)  $         0    $ (66,719)

Issued common stock for
cash at par, $.001, March
11, 2000                                                              15,000

Net income for the period
ended September 30, 2000                                   (992)        (992)

                          ----------- -----------   -----------    ---------
Balance,
September 30, 2000          2,758,685  (2,867,932)         (992)     (52,711)

Net income for the period
ended September 30, 2001                                 (3,181)      (3,181)
                          ----------- -----------   -----------    ---------
Balance,
September 30, 2001          2,758,685  (2,867,932)       (4,173)     (55,892)

Net income for the period
ended September 30, 2002                                 (2,733)      (2,733)
                          ----------- -----------   -----------    ---------
Balance,
September 30, 2002          2,758,685  (2,867,932)       (6,906)     (58,625)

Net income for the period
ended September 30, 2003                                 (2,382)      (2,382)
                          ----------- -----------   -----------    ---------
Balance,
September 30, 2003          2,758,685  (2,867,932)       (9,288)     (61,007)

Net income for the period
ended September 30, 2004                                 (2,170)      (2,170)
                          ----------- -----------   -----------    ---------
Balance,
September 30, 2004          2,758,685  (2,867,932)      (11,458)     (63,177)

Net income for the period
ended September 30, 2005                                 52,565       52,565
                          ----------- -----------   -----------    ---------
Balance,
September 30, 2005        $ 2,758,685 $(2,867,932)  $    41,107    $ (10,612)
                          =========== ===========   ===========    =========

          See accompanying notes to financial statements.
                               F-4
<PAGE>

                   Westcott Products Corporation
                   [A Development Stage Company]
                      Statements of Cash Flows
   For the periods ended September 30, 2005 and 2004 and for the
 period from Reactivation [October 1999] through September 30, 2005


                                                                  Period from
                                                                  Reactivation
                                                                     through
                                          2005           2004       9/30/2005
                                      ---------        -------       --------
Cash Flows from Operating Activities
Net Income (Loss)                     $  52,565        $(2,170)      $ 41,107
Adjustments to reconcile net loss to
net cash provided by operating
activities:
     (Increase) decrease in current
      assets                               (160)             0           (160)
     Increase (decrease) in current
      liabilities                       (53,610)         2,170        (42,263)
                                      ---------        -------       --------
         Net Cash (Used in) Operating
         Activities                      (1,205)             0         (1,316)

Cash Flows from Financing Activities
Proceeds from issuance of common stock        0              0         15,000
Principal payments on loans                   0              0        (10,000)
                                      ---------        -------       --------
         Net Cash Provided by Financing
         Activities                           0              0          5,000
                                      ---------        -------       --------
       Net Increase/(Decrease) in Cash   (1,205)             0          3,684

Beginning Cash Balance                    4,889          4,899              0
                                      ---------        -------       --------
Ending Cash Balance                   $   3,684        $ 4,889       $  3,684
                                      =========        =======       ========

Supplemental Disclosure of Cash Flow Information:
  Cash paid during the year for
  interest                            $       0        $     0       $      0
  Cash paid during the year for income
  taxes                                       0              0              0



          See accompanying notes to financial statements.
                               F-5
<PAGE>
                   Westcott Products Corporation
                   [A Development Stage Company]
                   Notes to Financial Statements
                         September 30, 2005

NOTE 1    ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     (a)  Organization

     Westcott Products Corporation was chartered in the State of Delaware on
     June 24, 1986 as the surviving entity in a merger with Lee Building
     Products, Inc.  The Company had been dormant for many years but began
     the process of reactivation in October 1999 and is now in the process of
     seeking new business opportunities.

     The financial statements of the Company have been prepared in accordance
     with accounting principles generally accepted in the United States of
     America.  The following summarizes the more significant of such
     policies:

          (b)  Income Taxes

     The Company applies the provisions of Statement of Financial Accounting
     Standards No. 109 [the Statement], Accounting for Income Taxes.  The
     Statement requires an asset and liability approach for financial
     accounting and reporting for income taxes, and the recognition of
     deferred tax assets and liabilities for the temporary differences
     between the financial reporting basis and tax basis of the Company's
     assets and liabilities at enacted tax rates expected to be in effect
     when such amounts are realized or settled.

          (c)  Net Loss Per Common Share

     In accordance with Statement of Financial Accounting Standards No. 128,
     "Earnings per Share," basic loss per common share is based on the
     weighted-average number of shares outstanding.  Diluted income or loss
     per share is computed using weighted average number of common shares
     plus dilutive common share equivalents outstanding during the period
     using the treasury stock method.  There are no common stock equivalents
     outstanding, thus, basic and diluted income or loss per share
     calculations are the same.

     (d)  Statement of Cash Flows

     For purposes of the statements of cash flows, the Company considers cash
     on deposit in the bank to be cash.  The Company had $3,684 in cash as of
     September 30, 2005.

                               F-6
<PAGE>
                 Westcott Products Corporation
                 [A Development Stage Company]
                 Notes to Financial Statements
                       September 30, 2005
                          [Continued]

NOTE 1  ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
[continued]

          (e)  Use of Estimates in Preparation of Financial Statements

     The preparation of financial statements in conformity with U. S.
     generally accepted accounting principles requires management to make
     estimates and assumptions that affect the reported amounts of assets and
     liabilities, and disclosure of contingent assets and liabilities at the
     date of the financial statements, and the reported amounts of revenues
     and expenses during the reporting period.  Actual results could differ
     from those estimates.

     (f)  Revenue Recognition

     The Company recognizes revenues in accordance with the Securities and
     Exchange Commission, Staff Accounting Bulletin (SAB) No. 104, "Revenue
     Recognition" SAB 104 clarifies application of U. S. generally accepted
     accounting principles to revenue transactions.  Revenue is recognized as
     earned.

     (g)  Impact of New Accounting Standards

     In November 2004, FASB issued SFAS 151, "Inventory Costs."  SFAS 151
     amends the accounting for abnormal amounts of idle facility expense,
     freight, handling costs, and wasted material (spoilage) under the
     guidance in ARB 43, Chapter 4, "Inventory Pricing."  SFAS 151 requires
     that items be recognized as current-period charges regardless of whether
     they meet the criterion of "so abnormal."  In addition, SFAS 151
     requires that allocation of fixed production overhead to the costs of
     conversion be based on the normal capacity of the production facilities.
     This statement is effective for inventory costs incurred during fiscal
     years beginning after June 15, 2005.  Management does not expect
     adoption of SFAS 151 to have a material impact on the Company's
     financial statements.

                               F-7
<PAGE>
                 Westcott Products Corporation
                 [A Development Stage Company]
                 Notes to Financial Statements
                       September 30, 2005
                          [Continued]

NOTE 1    ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
     [continued]

     (g)  Impact of New Accounting Standards [continued]

     In December 2004, the FASB issued SFAS 123 (R), "Share-Based Payment."
     SFAS 123 (R) amends SFAS 123, "Accounting for Stock-Based Compensation,"
     and APB Opinion 25, "Accounting for Stock Issued to Employees."  SFAS
     123 (R) requires that the cost of share-based payment transactions
     (including those with employees and non-employees) be recognized in the
     financial statements.  SFAS 123 (R) applies to all share-based payment
     transactions in which an entity acquires goods or services by issuing
     (or offering to issue) its shares, share options, or other equity
     instruments (except for those held by an ESOP) or by incurring
     liabilities (1) in amounts based (even in part) on the price of the
     Company's shares or other equity instruments, or (2) that require (or
     may require) settlement by the issuance of a company's shares or other
     equity instruments.  This statement is effective for public companies
     qualifying as SEC small business issuers or nonpublic entities, as of
     the first interim period or fiscal year beginning after December 15,
     2005.  For all other public companies, the statement is effective as of
     the first interim period or fiscal year beginning after June 15, 2005.
     Management is currently assessing the effect of SFAS No. 123 (R) on the
     Company's financial statements.

     In December 2004, the FASB issued SFAS 153, "Exchanges of Nonmonetary
     Assets," an amendment to APB Opinion No. 29, "Accounting for Nonmonetary
     Transactions."  Statement 153 eliminates certain differences in the
     guidance in Opinion No. 29 as compared to the guidance contained in
     standards issued by the International Accounting Standards Board.  The
     amendment to Opinion No. 29 eliminates the fair value exception for
     nonmonetary exchanges of similar productive assets and replaces it with
     a general exception for exchanges of nonmonetary assets that do not have
     commercial substance.  Such an exchange has commercial substance if the
     future cash flows of the entity are expected to change significantly as
     a result of the exchange.  SFAS 153 is effective for nonmonetary asset
     exchanges occurring in periods beginning after June 15, 2005.  Earlier
     application is permitted.  Management does not expect adoption of SFAS
     153 to have a material impact on the Company's financial statements.

                               F-8
<PAGE>
                 Westcott Products Corporation
                 [A Development Stage Company]
                 Notes to Financial Statements
                       September 30, 2005
                          [Continued]


NOTE 1    ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
     [continued]

     (g)  Impact of New Accounting Standards [continued]

     In May 2005, the FASB issued SFAS 154, "Accounting Changes and Error
     Corrections." This statement replaces APB Opinion No. 20, "Accounting
     Changes," and FASB Statement No. 3, "Reporting Accounting Changes in
     Interim Financial Statements." Statement 154 changes the requirements
     for the accounting for and reporting of a change in accounting
     principle. This statement requires retrospective application to prior
     periods' financial statements of changes in accounting principle, unless
     it is impracticable to determine the period-specific effects or the
     cumulative effect of the change. Such an exchange has commercial
     substance if the future cash flows of the entity are expected to change
     significantly as a result of accounting changes and corrections of
     error.  SFAS 154 is effective for accounting changes and corrections of
     errors made in fiscal years beginning after December 15, 2005.  Earlier
     application is permitted.  Management does not expect adoption of SFAS
     154 to have a material impact on the Company's financial statements.

NOTE 2    LIQUIDITY/GOING CONCERN

     The Company has accumulated losses from reactivation through September
     30, 2005 amounting to $15,612 prior to the forgiveness of debt of
     $56,719, has minimal assets, and no operations at September 30, 2005.
     These factors raise substantial doubt about the Company's ability to
     continue as a going concern.

     Management plans include raising capital to commence business
     operations, or seeking a well capitalized merger candidate.  The
     financial statements do not include any adjustments that might result
     from the outcome of this uncertainty.


NOTE 3    INCOME TAXES

     The provision for income taxes consists of the following:

      Current taxes        $     -
                           -------
                           $     -
                           =======

     Below is a summary of deferred tax asset calculations on net operating
     loss carry forward amounts.  Loss carry forward amounts expire at
     various times through 2025.  A valuation allowance is provided when it
     is more likely than not that some portion of the deferred tax asset will
     not be realized.

                               F-9
<PAGE>
                 Westcott Products Corporation
                 [A Development Stage Company]
                 Notes to Financial Statements
                       September 30, 2005
                          [Continued]

NOTE 3    INCOME TAXES [continued]

     The tax provision differs from amounts that would be calculated by
     applying federal statutory rates to income before income taxes
     primarily because the valuation allowance for deferred tax assets
     increased by $623 from $1,719 as of Sept. 30, 2004.  Deferred tax
     assets recognized for deductible temporary difference and loss carry
     forwards total $0, net of a valuation allowance of $2,342, as
     detailed below.


                                 Deductible
      Deferred Tax Asset            Amount          Rate         Tax

      Net Operating Loss
      Carryforward Federal         15,612            15.00%    $2,342

      Valuation Allowance                                      (2,342)
                                                               ------
      Deferred Tax Asset                                       $    -
                                                               ======

     Reconciliation between income taxes at the statutory tax rate (15%) and
     actual income tax provision for continuing operations follows:

          Expected Provision (Based on statutory rates)        $ (623)
          Effect of:
          Increase/(Decrease) in valuation allowance            623
                                                               ------
          Total actual provision                                  0
                                                               ======

NOTE 4 PREFERRED/COMMON STOCK

     In October of 1999 the Company began raising money in an effort to
     reactivate.  On March 11, 2000, the Company issued 15,000,000 shares of
     common stock at par ($.001) for $15,000 cash.

NOTE 5 ACCRUED LIABILITIES

     The Company has been relieved of both its Federal Tax lien of $1,046 and
     its Judgment lien of $55,673.

                               F-10
<PAGE>
                 Westcott Products Corporation
                 [A Development Stage Company]
                 Notes to Financial Statements
                       September 30, 2005
                          [Continued]

NOTE 6 RELATED PARTY TRANSACTIONS

     A stockholder has paid expenses on behalf of the Company in the amount
     of $4,314 and $2,170 during the periods ending September 30, 2005 and
     2004, respectively.  The Company has recorded a liability of $14,456 as
     of September 30, 2005.  The unsecured loan bears no interest and is due
     on demand.

                               F-11
<PAGE>

Item 8.  Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure.
---------------------

     No independent accountant of our Company has resigned, declined to stand
for re-election or was dismissed during our Company's two most recent fiscal
years or any interim period.

Item 8(a).  Controls and Procedures.
            ------------------------

     As of the end of the period covered by this Annual Report, we carried out
an evaluation, under the supervision and with the participation of our
President and Secretary, of the effectiveness of our disclosure controls and
procedures.  Based on this evaluation, our President and Secretary concluded
that our disclosure controls and procedures are effectively designed to ensure
that information required to be disclosed or filed by us is recorded,
processed or summarized, within the time periods specified in the rules and
regulations of the Securities and Exchange Commission.  It should be noted
that the design of any system of controls is based in part upon certain
assumptions about the likelihood of future events, and there can be no
assurance that any design will succeed in achieving its stated goals under all
potential future conditions, regardless of how remote.  In addition, we
reviewed our internal controls over financial reporting, and there have been
no changes in our internal controls or in other factors in the last fiscal
quarter that has materially affected or is reasonably likely to materially
affect our internal control over financial reporting.

Item 8(b).  Other Information.
            ------------------

     None.

                             PART III

Item 9.  Directors, Executive Officers, Promoters and Control Persons;
Compliance with Section 16(a) of the Exchange Act.
--------------------------------------------------

Identification of Directors and Executive Officers.
---------------------------------------------------

     The following table sets forth the names and the nature of all
positions and offices held by all directors and executive officers of our
Company for the fiscal years ending September 30, 2005 and 2004, and to the
date hereof, and the period or periods during which each such director or
executive officer served in his or her respective positions.

                                           Date of           Date of
                     Positions            Election or       Termination
   Name                 Held             Designation       Resignation
   ----                 ----             -----------       -----------
Wayne Bassham       President               3/00                *
                    Director                2/00                *

Todd Albiston       Vice President          3/00                *
                    Director                3/00                *

Kent Faulkner       Director                3/00                *
                    Secretary               3/00                *

          *    These persons presently serve in the capacities
               indicated opposite their respective names.

Term of Office.
---------------

     The term of office of the current directors shall continue until the
annual meeting of stockholders, which has been scheduled by the Board of
Directors to be held in February of each year.  The annual meeting of the
Board of Directors immediately follows the annual meeting of stockholders, at
which officers for the coming year are elected.

Business Experience.
--------------------

     Wayne Bassham, our President and director is 46 years of age.  He has
been employed as a manager for Harley-Davidson of Salt Lake City for the past
fifteen years.

     Todd Albiston, our Vice President and director is 46 years of age.  Mr.
Albiston has been employed as an account manager for Physician Sales and
Service, Inc. for the past year.  For the preceeding thirteen years, Mr.
Albiston was an account manager for Cardinal Medical Corporation, a medical
device company.

     Kent Faulkner, our Secretary and director is 44 years of age.  Mr.
Faulkner is employed by BMW of Murray located in Salt Lake City.  He was
previously a sales manager for Intermountain Harley Davidson for the past two
years.  Mr. Faulkner had also been a district manager for Ecolab, Inc. for 18
years.

Family Relationships.
---------------------

     There are no family relationships between our officers and directors.

Involvement in Certain Legal Proceedings.
-----------------------------------------

     Except as indicated below and to the knowledge of management, during the
past five years, no present or former director, person nominated
to become a director, executive officer, promoter or control person of our
Company:

          (1)  Was a general partner or executive officer of any business
               by or against which any bankruptcy petition was filed,
               whether at the time of such filing or two years prior
               thereto;

          (2)  Was convicted in a criminal proceeding or named the
               subject of a pending criminal proceeding (excluding
               traffic violations and other minor offenses);

          (3)  Was the subject of any order, judgment or decree, not
               subsequently reversed, suspended or vacated, of any court
               of competent jurisdiction, permanently or temporarily
               enjoining him from or otherwise limiting, the following
               activities:

               (i)  Acting as a futures commission merchant, introducing
                    broker, commodity trading advisor, commodity pool
                    operator, floor broker, leverage transaction
                    merchant, associated person of any of the foregoing,
                    or as an investment adviser, underwriter, broker or
                    dealer in securities, or as an affiliated person,
                    director or employee of any investment company,
                    bank, savings and loan association or insurance
                    company, or engaging in or continuing any conduct or
                    practice in connection with such activity;

              (ii)  Engaging in any type of business practice; or

              (iii) Engaging in any activity in connection with the
                    purchase or sale of any security or commodity or in
                    connection with any violation of federal or state
                    securities laws or federal commodities laws;

          (4)  Was the subject of any order, judgment or decree, not
               subsequently reversed, suspended or vacated, of any
               federal or state authority barring, suspending or
               otherwise limiting for more than 60 days the right of such
               person to engage in any activity described above under
               this Item, or to be associated with persons engaged in any
               such activity;

          (5)  Was found by a court of competent jurisdiction in a civil
               action or by the Securities and Exchange Commission to
               have violated any federal or state securities law, and the
               judgment in such civil action or finding by the Securities
               and Exchange Commission has not been subsequently
               reversed, suspended, or vacated; or

          (6)  Was found by a court of competent jurisdiction in a civil
               action or by the Commodity Futures Trading Commission to
               have violated any federal commodities law, and the
               judgment in such civil action or finding by the Commodity
               Futures Trading Commission has not been subsequently
               reversed, suspended or vacated.

Compliance with Section 16(a) of the Exchange Act.
--------------------------------------------------

     To our knowledge, during our past fiscal year and since then, all filings
required to be made by members of management or others pursuant to Section
16(a) of the Exchange Act have been duly filed with the Securities and
Exchange Commission.

Audit Committee.
----------------

     We have not appointed an Audit Committee because of the lack of
operations.

Code of Ethics.
---------------

     We have adopted a Code of Ethics and have attached a copy as Exhibit 14
to our 2003 10KSB Annual Report.

Item 10. Executive Compensation.
--------------------------------

Cash Compensation.
------------------

     The following table sets forth the aggregate compensation paid by the
Company for services rendered during the periods indicated:

                        SUMMARY COMPENSATION TABLE

                                             Long Term Compensation
          Annual Compensation             Awards     Payouts
  (a)           (b)      (c)    (d)   (e)     (f)          (g)    (h)   (i)

Name and     Years or              other                               all
principal    periods               Annual   restricted option/  LTIP   other
position     Ended       $     $   Compen-  Stock      SAR's  PayoutsCompen-
                      Salary Bonus sation awards$    #       $       sation$
----------------------------------------------------------------------------
Wayne Bassham  9/30/05   0     0     0         0        0      0       0
Director       9/30/04   0     0     0         0        0      0       0
President      9/30/03   0     0     0         0        0      0       0

Todd Albiston  9/30/05   0     0     0         0        0      0       0
Director       9/30/04   0     0     0         0        0      0       0
Vice Pres.     9/30/03   0     0     0         0        0      0       0

Kent Faulkner  9/30/05   0     0     0         0        0      0       0
Secretary      9/30/04   0     0     0         0        0      0       0
Director       9/30/03   0     0     0         0        0      0       0

Stock Option Plans.
-------------------

     No cash compensation, deferred compensation or long-term incentive
plan awards were issued or granted to our Company's management during the
fiscal years ending September 30, 2005 and 2004, or the period ending
on the date of this Annual Report.  Further, no member of our Company's
management has been granted any option or stock appreciation right;
accordingly, no tables relating to such items have been included within this
Item.

Compensation of Directors.
--------------------------

     There are no standard arrangements pursuant to which our Company's
directors are compensated for any services provided as director.  No
additional amounts are payable to our Company's directors for committee
participation or special assignments.

     There are no arrangements pursuant to which any of our Company's
directors was compensated during our Company's last completed fiscal year or
the previous two fiscal years for any service provided as director.  See the
Summary Compensation Table of this Item.

Termination of Employment and Change of Control Arrangement.
------------------------------------------------------------

     There are no compensatory plans or arrangements, including payments to
be received from our Company, with respect to any person named in the
Summary Compensation Table set out above which would in any way result in
payments to any such person because of his or her resignation, retirement or
other termination of such person's employment with our Company or its
subsidiaries, or any change in control of our Company, or a change in the
person's responsibilities following a change in control of our Company.

Item 11. Security Ownership of Certain Beneficial Owners and Management.
------------------------------------------------------------------------

Security Ownership of Certain Beneficial Owners.
------------------------------------------------

     The following table sets forth the shareholdings of those persons who
own more than five percent of our Company's common stock as of September 30,
2004 and 2003, and to the date hereof:

                                         Number and Percentage
                                      of Shares Beneficially Owned
                                         ----------------------------

Name and Address                     9/30/04      9/30/05        Currently
----------------                    --------     --------      --------------

ARTCO Trustee*            10,955,881 39.8%  10,955,881 39.8%  10,955,881 39.8%

Leonard W. Burningham      5,000,000 18.2%   5,000,000 18.2%   5,000,000 18.2%

Duane S. Jenson            5,006,980 18.2%   5,006,980 18.2%   5,006,980 18.2%

Jeff D. Jenson             5,000,000 18.2%   5,000,000 18.2%   5,000,000 18.2%

TOTALS                    25,962,861 94.3%  25,962,861 94.3%  25,962,861 94.3%

*     On October 5, 2000, in order to reconcile our Company's transfer
records, we authorized the issuance of 10,955,881 shares of our common stock
in the name of ARTCO Trustee, our transfer agent, for the sole purpose of
replacing certificates presented for transfer that are not reflected on the
shareholders list, if there is reasonable cause to believe that such
certificates were issued by Mellon Securities Transfer, our previous transfer
agent, and would have been represented alphabetically, on pages 269 or 270 of
Mellon Securities Transfer shareholder list dated December 27, 1993.

Security Ownership of Management.
---------------------------------

     The following table sets forth the shareholdings of management of our
Company as of September 30, 2005 and 2004, and to the date hereof:

                                         Number and Percentage
                                      of Shares Beneficially Owned
                                         ----------------------------

Name and Address                     9/30/04      9/30/05        Currently
----------------                    --------     --------      --------------
Wayne Bassham                       -0-            -0-            -0-

Todd Albiston                       -0-            -0-            -0-

Kent Faulkner                       -0-            -0-            -0-
Totals                              -0-            -0-            -0-

Changes in Control.
-------------------

     To the knowledge of management, there are no present arrangements or
pledges of our Company's securities which may result in a change in control.

Item 12. Certain Relationships and Related Transactions.
--------------------------------------------------------

Transactions with Management and Others.
----------------------------------------

     There were no material transactions, or series of similar transactions,
during our Company's last three fiscal years, or any currently proposed
transactions, or series of similar transactions, to which we or any of our
subsidiaries was or is to be a party, in which the amount involved exceeded
$60,000 and in which any director, executive officer or any security holder
who is known to our Company to own of record or beneficially more than five
percent of any class of our Company's common stock, or any member of the
immediate family of any of the foregoing persons, had an interest.

Certain Business Relationships.
-------------------------------

     There were no material transactions, or series of similar transactions,
during our Company's last three fiscal years, or any currently proposed
transactions, or series of similar transactions, to which we or any of our
subsidiaries was or is to be a party, in which the amount involved exceeded
$60,000 and in which any director, executive officer or any security holder
who is known to our Company to own of record or beneficially more than five
percent of any class of our common stock, or any member of the immediate
family of any of the foregoing persons, had an interest.

Indebtedness of Management.
---------------------------

     There were no material transactions, or series of similar transactions,
during our Company's last three fiscal years, or any currently proposed
transactions, or series of similar transactions, to which we or any of our
subsidiaries was or is to be a party, in which the amount involved exceeded
$60,000 and in which any director, executive officer or any security holder
who is known to our Company to own of record or beneficially more than five
percent of any class of our common stock, or any member of the immediate
family of any of the foregoing persons, had an interest.

Transactions with Promoters.
----------------------------

     There were no material transactions, or series of similar transactions,
during our Company's last three fiscal years, or any currently proposed
transactions, or series of similar transactions, to which we or any of our
subsidiaries was or is to be a party, in which the amount involved exceeded
$60,000 and in which any promoter or founder or any member of the immediate
family of any of the foregoing persons, had an interest.

Item 13. Exhibits and Reports on Form 8-K.
------------------------------------------

Reports on Form 8-K.
--------------------

     None.
                                                  Exhibit
Exhibits*                                         Number
Number                                            ------
------
          (i)

3.1       Articles of Incorporation dated June 24, 1986*

3.2       Certificate of Ownership and Merger dated June 26, 1986*

3.3       Certificate of Designation of Preferred Series A dated August 6,
          1986*

3.4       By-laws*

14        Code of Conduct*

31.1      Certification of Wayne Bassham

31.2      Certification of Kent Faulkner

32        906 Certification

*  These exhibits were attached to our 2003 10KSB Annual Report and are
incorporated herein by reference.

          (ii)

          None.

Item 14.  Principal Accountant Fees and Services.
          ---------------------------------------

     The following is a summary of the fees billed to Westcott Products
Corporation by its principal accountants during the calendar years ended
September 30, 2005, and September 30, 2004:

     Fee category                      2004           2005
     ------------                      ----           ----

     Audit fees                        $1,643         $1,392

     Audit-related fees                $    0         $  619

     Tax fees                          $  200         $  279

     All other fees                    $    0         $    0

     Total fees                        $1,843         $2,290

     Audit fees.  Consists of fees for professional services rendered by our
principal accountants for the audit of our annual financial statements and the
review of financial statements included in our Forms 10-QSB or services that
are normally provided by our principal accountants in connection with
statutory and regulatory filings or engagements.

     Audit-related fees.  Consists of fees for assurance and related services
by our principal accountants that are reasonably related to the performance of
the audit or review of our financial statements and are not reported under
"Audit fees."

     Tax fees.  Consists of fees for professional services rendered by our
principal accountants for tax compliance, tax advice and tax planning.

     All other fees.  Consists of fees for products and services provided by
our principal accountants, other than the services reported under "Audit
fees," "Audit-related fees" and "Tax fees" above.

                              SIGNATURES

     In accordance with Section 13 or 15(d) of the Exchange Act, the
Registrant caused this Report to be signed on its behalf by the undersigned,
thereunto duly authorized.

                                   WESTCOTT PRODUCTS CORPORATION


Date: 12/26/2005                   By/s/Wayne Bassham
                                     Wayne Bassham, President and
                                     Director



Date: 12/26/2005                   By/s/Todd Albiston
                                     Todd Albiston, Vice President and
                                     Director


Date: 12/28/2005                   By/s/Kent Faulkner
                                     Kent Faulkner, Secretary and
                                     Director


     In accordance with the Exchange Act, this Report has been signed below by
the following persons on behalf of the Registrant and in the capacities and on
the dates indicated:

                                   WESTCOTT PRODUCTS CORPORATION


Date: 12/26/2005                   By/s/Wayne Bassham
                                     Wayne Bassham, President and
                                     Director


Date: 12/26/2005                   By/s/Todd Albiston
                                     Todd Albiston, Vice President and
                                     Director


Date: 12/28/2005                   By/s/Kent Faulkner
                                     Kent Faulkner, Secretary and
                                     Director

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