REGISTERED NUMBER: 03550567 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

30 SEPTEMBER 2023 TO 31 DECEMBER 2024

FOR

BRODEX LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T Tviberg

REGISTERED OFFICE:

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

REGISTERED NUMBER:

03550567 (England and Wales)

AUDITORS:

Philip Barnes & Co Limited

Chartered Accountants

Statutory Auditors

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

FIXED ASSETS

Investments

4

340,593

340,593

CURRENT ASSETS

Debtors

5

412,768

328,258

Cash at bank

24,700

75,540

437,468

403,798

CREDITORS

Amounts falling due within one year

6

4,250

2,090

NET CURRENT ASSETS

433,218

401,708

TOTAL ASSETS LESS CURRENT LIABILITIES

773,811

742,301

CAPITAL AND RESERVES

Called up share capital

7

390

390

Share premium

1,189,205

1,189,205

Retained earnings

(415,784

)

(447,294

)

SHAREHOLDERS' FUNDS

773,811

742,301

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

T Tviberg - Director

1.	STATUTORY INFORMATION

Brodex Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Preparation of consolidated financial statements

The financial statements contain information about Brodex Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3.

EMPLOYEES

The average number of employees during the period was 1 (2023 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 30 September 2023

and 31 December 2024

340,593

NET BOOK VALUE

At 31 December 2024

340,593

At 29 September 2023

340,593

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

412,768

328,258

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other creditors

4,250

2,090

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

390

Ordinary

£1

390

390

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher Humphreys FCA (Senior Statutory Auditor)

for and on behalf of Philip Barnes & Co Limited

9.	RELATED PARTY DISCLOSURES

The amount due from and to group undertakings represents loans from and to subsidiaries. Interest of 7% per annum has been charged on the loan.

10.	ULTIMATE HOLDING COMPANY

The company's ultimate holding company is Meditek Capital AS, a company registered in Norway.