REGISTERED NUMBER: 07117560 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BRODEXTRIDENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Megji

M P Lea

Miss S L Gower

REGISTERED OFFICE:

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

REGISTERED NUMBER:

07117560 (England and Wales)

SENIOR STATUTORY AUDITOR:

Christopher Humphreys FCA

AUDITORS:

Philip Barnes & Co Limited

Chartered Accountants

Statutory Auditors

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

FIXED ASSETS

Intangible assets

4

86,817

118,017

Tangible assets

5

194,575

140,307

281,392

258,324

CURRENT ASSETS

Stocks

11,984

11,455

Debtors

6

515,115

564,777

Cash at bank and in hand

192,457

147,547

719,556

723,779

CREDITORS

Amounts falling due within one year

7

321,233

339,051

NET CURRENT ASSETS

398,323

384,728

TOTAL ASSETS LESS CURRENT LIABILITIES

679,715

643,052

CREDITORS

Amounts falling due after more than one year

8

508,833

432,508

NET ASSETS

170,882

210,544

CAPITAL AND RESERVES

Called up share capital

9

500

500

Share premium

249,605

249,605

Retained earnings

(79,223

)

(39,561

)

SHAREHOLDERS' FUNDS

170,882

210,544

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 Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

S Megji - Director

1.	STATUTORY INFORMATION

BrodexTrident 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.

These accounts have been prepared on a going concern basis. This is subject to the continued support of the holding company, Brodex Limited.

Turnover

Turnover represents revenue recognised by the company in respect of goods and services supplied during the period, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses in 2017, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold property improvements

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to sell.

Taxation

Taxation for the year 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development

Expenditure on research and development is charged to the profit and loss in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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 year was 38 (2023 - 40 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

312,000

AMORTISATION

At 1 January 2024

193,983

Charge for year

31,200

At 31 December 2024

225,183

NET BOOK VALUE

At 31 December 2024

86,817

At 31 December 2023

118,017

5.	TANGIBLE FIXED ASSETS

Leasehold

Fixtures

property

Plant and

and

Motor

improvements

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

32,557

56,727

14,624

304,779

408,687

Additions

-

-

-

118,475

118,475

Disposals

-

-

-

(5,147

)

(5,147

)

At 31 December 2024

32,557

56,727

14,624

418,107

522,015

DEPRECIATION

At 1 January 2024

10,923

54,985

14,624

187,848

268,380

Charge for year

3,255

483

-

60,469

64,207

Eliminated on disposal

-

-

-

(5,147

)

(5,147

)

At 31 December 2024

14,178

55,468

14,624

243,170

327,440

NET BOOK VALUE

At 31 December 2024

18,379

1,259

-

174,937

194,575

At 31 December 2023

21,634

1,742

-

116,931

140,307

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

414,582

474,728

Other debtors

100,533

90,049

515,115

564,777

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

60,948

39,527

Trade creditors

188,668

166,594

Taxation and social security

56,622

72,041

Other creditors

14,995

60,889

321,233

339,051

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

104,405

55,527

Amounts owed to group undertakings

404,428

376,981

508,833

432,508

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

500

Ordinary

£1

500

500

10.	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

11.	OTHER FINANCIAL COMMITMENTS

The company had total operating lease commitments at the balance sheet date of approximately 2024 £302,595 (2023: £66,685).

12.	RELATED PARTY DISCLOSURES

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

13.	ULTIMATE HOLDING COMPANY

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