BrightAccountsProduction v1.0.0 v1.0.0 2024-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the supply of feedstock to an anaerobic digestion plant. The company commenced operations on 1 December 2016. 17 September 2025 NI609969 2024-12-31 NI609969 2023-12-31 NI609969 2022-12-31 NI609969 2024-01-01 2024-12-31 NI609969 2023-01-01 2023-12-31 NI609969 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI609969 uk-curr:PoundSterling 2024-01-01 2024-12-31 NI609969 uk-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 NI609969 uk-bus:FullAccounts 2024-01-01 2024-12-31 NI609969 uk-bus:Director1 2024-01-01 2024-12-31 NI609969 uk-bus:RegisteredOffice 2024-01-01 2024-12-31 NI609969 uk-bus:Agent1 2024-01-01 2024-12-31 NI609969 uk-core:ShareCapital 2024-12-31 NI609969 uk-core:ShareCapital 2023-12-31 NI609969 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI609969 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI609969 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-12-31 NI609969 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 NI609969 uk-bus:FRS102 2024-01-01 2024-12-31 NI609969 uk-core:PlantMachinery 2024-01-01 2024-12-31 NI609969 uk-core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 NI609969 uk-core:MotorVehicles 2024-01-01 2024-12-31 NI609969 uk-core:CurrentFinancialInstruments 2024-12-31 NI609969 uk-core:CurrentFinancialInstruments 2023-12-31 NI609969 uk-core:WithinOneYear 2024-12-31 NI609969 uk-core:WithinOneYear 2023-12-31 NI609969 uk-core:WithinOneYear 2024-12-31 NI609969 uk-core:WithinOneYear 2023-12-31 NI609969 uk-core:WithinOneYear 2024-12-31 NI609969 uk-core:WithinOneYear 2023-12-31 NI609969 uk-core:AfterOneYear 2024-12-31 NI609969 uk-core:AfterOneYear 2023-12-31 NI609969 uk-core:AfterOneYear 2024-12-31 NI609969 uk-core:AfterOneYear 2023-12-31 NI609969 uk-core:BetweenOneTwoYears 2024-12-31 NI609969 uk-core:BetweenOneTwoYears 2023-12-31 NI609969 uk-core:BetweenOneFiveYears 2024-12-31 NI609969 uk-core:BetweenOneFiveYears 2023-12-31 NI609969 uk-core:EmployeeBenefits 2023-12-31 NI609969 uk-core:EmployeeBenefits 2024-01-01 2024-12-31 NI609969 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-12-31 NI609969 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-12-31 NI609969 uk-core:OtherDeferredTax 2024-12-31 NI609969 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-12-31 NI609969 uk-core:EmployeeBenefits 2024-12-31 NI609969 2024-01-01 2024-12-31 NI609969 uk-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 xbrli:pure iso4217:GBP xbrli:shares

Company Registration Number: NI609969

Connex Renewables Ltd

Unaudited Financial Statements

for the financial year ended 31 December 2024

Connex Renewables Ltd

DIRECTOR AND OTHER INFORMATION

Director | Brian Lockhart
Company Registration Number | NI609969
Registered Office and Business Address | 21 Searce Lane
| Newry
| Co. Armagh
| BT35 6LY
| Northern Ireland
Accountants | MG accountants
| (Portadown)
| 25-27 Carleton Street
| Portadown
| Co. Armagh
| BT62 3EP
| Northern Ireland
Bankers | Danske Bank
| PO Box 183
| Donegall Square West
| Belfast
| Co. Antrim
| BT1 6JS
| United Kingdom

Connex Renewables Ltd

Company Registration Number: NI609969

BALANCE SHEET

as at 31 December 2024

|  |  | 2024 |  | 2023
|  | Notes | £ |  | £
Fixed Assets

Tangible assets |  | 4 | 272,168 |  | 258,768
|  |  | ───────── |  | ─────────
Current Assets

Debtors |  | 5 | 43,445 |  | 42,783
Cash and cash equivalents |  |  | 3,004 |  | 9,281
|  |  | ───────── |  | ─────────
|  |  | 46,449 |  | 52,064
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  | 6 | (214,189) |  | (190,639)
|  |  | ───────── |  | ─────────
Net Current Liabilities |  |  | (167,740) |  | (138,575)
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | 104,428 |  | 120,193
Creditors:

amounts falling due after more than one year |  | 7 | (45,974) |  | (44,219)
Provisions for liabilities |  | 9 | (51,033) |  | (48,983)
|  |  | ───────── |  | ─────────
Net Assets |  |  | 7,421 |  | 26,991
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 104 |  | 104
Retained earnings |  |  | 7,317 |  | 26,887
|  |  | ───────── |  | ─────────
Equity attributable to owners of the company |  |  | 7,421 |  | 26,991
|  |  | ═════════ |  | ═════════
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Director and authorised for issue on 17 September 2025

________________________________ |  |  |  |  |
Brian Lockhart |  |  |  |  |
Director |  |  |  |  |

Connex Renewables Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 December 2024

1. | General Information
| Connex Renewables Ltd is a company limited by shares incorporated in Northern Ireland. Situated at 21 Searce Lane, Newry, Co. Armagh, BT35 6LY, Northern Ireland which is the registered office, and is also the principal place of business of the company. . The principal activity of the company is the supply of feedstock to an anaerobic digestion plant. The company commenced operations on 1 December 2016. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the year ended 31 December 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Turnover
| Turnover comprises the invoice value of goods and services supplied by the company, exclusive of value added tax. Turnover is measured at the fair value of the consideration received or receivable for goods and services rendered. The company recognises turnover when the goods and service have been provided in full.
| Tangible assets and depreciation
| Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
|  | Plant and machinery | - | 10% Straight Line
|  | Fixtures, fittings and equipment | - | 20% Reducing Balance
|  | Motor vehicles | - | 20% Reducing Balance
| The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
| Leasing and hire purchases
| Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
| Trade and other debtors
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
| Trade and other creditors
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
| Taxation and deferred taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
| Ordinary share capital
| The ordinary share capital of the company is presented as equity.

3. | Employees
| The average monthly number of employees, including director, during the financial year was 3, (2023 - 3).
|  | 2024 | 2023
|  | Number | Number
| Director | 1 | 1
| Employee | 2 | 2
|  | ───────── | ─────────
|  | 3 | 3
|  | ═════════ | ═════════

4. | Tangible assets
|  | Plant and | Fixtures, | Motor | Total
|  | machinery | fittings and | vehicles |
|  |  | equipment |  |
|  | £ | £ | £ | £
| Cost
| At 1 January 2024 | 454,996 | 2,856 | 23,975 | 481,827
| Additions | 43,750 | - | 18,700 | 62,450
|  | ───────── | ───────── | ───────── | ─────────
| At 31 December 2024 | 498,746 | 2,856 | 42,675 | 544,277
|  | ───────── | ───────── | ───────── | ─────────
| Depreciation
| At 1 January 2024 | 216,016 | 1,894 | 5,149 | 223,059
| Charge for the financial year | 45,266 | 19 | 3,765 | 49,050
|  | ───────── | ───────── | ───────── | ─────────
| At 31 December 2024 | 261,282 | 1,913 | 8,914 | 272,109
|  | ───────── | ───────── | ───────── | ─────────
| Net book value
| At 31 December 2024 | 237,464 | 943 | 33,761 | 272,168
|  | ═════════ | ═════════ | ═════════ | ═════════
| At 31 December 2023 | 238,980 | 962 | 18,826 | 258,768
|  | ═════════ | ═════════ | ═════════ | ═════════

5. | Debtors | 2024 | 2023
|  | £ | £
| Trade debtors | - | 2,346
| Amounts owed by connected parties (Note 11) | 2,877 | 1,352
| Other debtors | 2,000 | 2,000
| Director's current account | - | 12
| Taxation (Note 8) | 691 | 323
| Prepayments and accrued income | 37,877 | 36,750
|  | ───────── | ─────────
|  | 43,445 | 42,783
|  | ═════════ | ═════════

6. | Creditors | 2024 | 2023
| Amounts falling due within one year | £ | £
| Bank loan | 10,232 | 10,232
| Net obligations under finance leases
| and hire purchase contracts | 38,234 | 24,936
| Trade creditors | 138,427 | 121,526
| Taxation (Note 8) | 5,182 | 12,678
| Director's current account | 20,289 | 19,545
| Accruals | 1,825 | 1,722
|  | ───────── | ─────────
|  | 214,189 | 190,639
|  | ═════════ | ═════════

7. | Creditors | 2024 | 2023
| Amounts falling due after more than one year | £ | £
| Bank loan | 2,690 | 13,189
| Finance leases and hire purchase contracts | 43,284 | 31,030
|  | ───────── | ─────────
|  | 45,974 | 44,219
|  | ═════════ | ═════════
| Loans
| Repayable in one year or less, or on demand (Note 6) | 10,232 | 10,232
| Repayable between one and two years | 2,690 | 13,189
|  | ───────── | ─────────
|  | 12,922 | 23,421
|  | ═════════ | ═════════
| Net obligations under finance leases
| and hire purchase contracts
| Repayable within one year | 38,234 | 24,936
| Repayable between one and five years | 43,284 | 31,030
|  | ───────── | ─────────
|  | 81,518 | 55,966
|  | ═════════ | ═════════

8. | Taxation | 2024 | 2023
|  | £ | £
| Debtors:
| VAT | 691 | -
| PAYE / NI | - | 323
|  | ───────── | ─────────
|  | 691 | 323
|  | ═════════ | ═════════
| Creditors:
| VAT | - | 6,537
| Corporation tax | 5,182 | 6,141
|  | ───────── | ─────────
|  | 5,182 | 12,678
|  | ═════════ | ═════════

9. | Provisions for liabilities
| The amounts provided for deferred taxation are analysed below:
|  | Capital | Total | Total
|  | allowances |  |
|  |  | 2024 | 2023
|  | £ | £ | £
| At financial year start | 48,983 | 48,983 | 34,096
| Charged to profit and loss | 2,050 | 2,050 | 14,887
|  | ───────── | ───────── | ─────────
| At financial year end | 51,033 | 51,033 | 48,983
|  | ═════════ | ═════════ | ═════════

10. | Capital commitments
| The company had no material capital commitments at the financial year-ended 31 December 2024.

11. | Related party transactions
|  | Balance | Movement | Balance | Maximum
|  | 2024 | in year | 2023 | in year
|  | £ | £ | £ | £
| Lock-hart Environmental Limited | 2,877 | 1,525 | 1,352 | -
|  | ═════════ | ═════════ | ═════════ | ═════════

12. | Post-Balance Sheet Events
| There have been no significant events affecting the company since the financial year-end.