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REGISTERED NUMBER: 03054349 (England and Wales)

NIPRO LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

NIPRO LIMITED (REGISTERED NUMBER: 03054349)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

NIPRO LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JANUARY 2025

| DIRECTOR: | A Brooks

| SECRETARY: | Mrs C Brooks

| REGISTERED OFFICE: | Unit 31 Oakhill Trading Estate

| Devonshire Road

| Worsley

| Manchester

| Lancashire

| M28 3PT

| REGISTERED NUMBER: | 03054349 (England and Wales)

| ACCOUNTANTS: | Murray Smith LLP

| Chartered Accountants

| Darland House

| 44 Winnington Hill

| Northwich

| Cheshire

| CW8 1AU

NIPRO LIMITED (REGISTERED NUMBER: 03054349)

BALANCE SHEET

31 JANUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 125,873 |  | 94,273 |  |

CURRENT ASSETS

Stocks | 5 | 12,574 |  | 48,734 |  |

Debtors | 6 | 193,702 |  | 183,600 |  |

Cash at bank and in hand | 161,470 |  | 14,703 |  |

367,746 |  | 247,037 |  |

CREDITORS

Amounts falling due within one year | 7 | 189,208 |  | 189,862 |  |

NET CURRENT ASSETS | 178,538 |  | 57,175 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 304,411 |  | 151,448 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (37,509 | ) | - |  |

PROVISIONS FOR LIABILITIES | (30,861 | ) | (22,828 | ) |

NET ASSETS | 236,041 |  | 128,620 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 10,000 |  | 10,000 |  |

Capital redemption reserve | 10,000 |  | 10,000 |  |

Retained earnings | 216,041 |  | 108,620 |  |

SHAREHOLDERS' FUNDS | 236,041 |  | 128,620 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

NIPRO LIMITED (REGISTERED NUMBER: 03054349)

BALANCE SHEET - continued

31 JANUARY 2025

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 October 2025 and were signed by:

A Brooks - Director

NIPRO LIMITED (REGISTERED NUMBER: 03054349)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1. | STATUTORY INFORMATION

| Nipro 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| Plant and machinery | - | 10% on cost

| Fixtures and fittings | - | 20% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Office equipment | - | 25% on reducing balance

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

| When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

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

NIPRO LIMITED (REGISTERED NUMBER: 03054349)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

| Trade debtors

| Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of the business.

| Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

| Trade creditors

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

| Share capital

| Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on the present value basis.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 11 (2024 - 12 ) .

NIPRO LIMITED (REGISTERED NUMBER: 03054349)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |  | Office |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 February 2024 | 381,597 |  | 4,720 |  | 16,500 |  | 15,195 |  | 418,012 |  |

| Additions | - |  | - |  | 54,050 |  | - |  | 54,050 |  |

| At 31 January 2025 | 381,597 |  | 4,720 |  | 70,550 |  | 15,195 |  | 472,062 |  |

| DEPRECIATION

| At 1 February 2024 | 300,422 |  | 4,524 |  | 7,500 |  | 11,293 |  | 323,739 |  |

| Charge for year | 11,844 |  | 39 |  | 9,591 |  | 976 |  | 22,450 |  |

| At 31 January 2025 | 312,266 |  | 4,563 |  | 17,091 |  | 12,269 |  | 346,189 |  |

| NET BOOK VALUE

| At 31 January 2025 | 69,331 |  | 157 |  | 53,459 |  | 2,926 |  | 125,873 |  |

| At 31 January 2024 | 81,175 |  | 196 |  | 9,000 |  | 3,902 |  | 94,273 |  |

5. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 12,574 |  | 48,734 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 170,893 |  | 158,109 |  |

| Other debtors | - |  | 9,474 |  |

| Prepayments and accrued income | 22,809 |  | 16,017 |  |

193,702 |  | 183,600 |  |

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 5,449 |  | - |  |

| Trade creditors | 53,310 |  | 91,283 |  |

| Corporation tax | 63,904 |  | 12,604 |  |

| Social security and other taxes | 41,834 |  | 28,025 |  |

| Amounts due to related parties | 21,531 |  | 51,450 |  |

| Accrued expenses | 3,180 |  | 6,500 |  |

189,208 |  | 189,862 |  |

NIPRO LIMITED (REGISTERED NUMBER: 03054349)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 37,509 |  | - |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 10,000 | Ordinary | £1 | 10,000 |  | 10,000 |  |

10. | ULTIMATE CONTROLLING PARTY

| Nipro Holdings Limited is the ultimate controlling party which is controlled by the shareholders, A Brooks and C Brooks.

| At the year end £nil was owed from Nipro Holdings Limited.