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REGISTERED NUMBER: 00982587 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Kenex (Electro-Medical) Limited

Kenex (Electro-Medical) Limited (Registered number: 00982587)

Contents of the Financial Statements

for the Year Ended 30 June 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Kenex (Electro-Medical) Limited

Company Information

for the Year Ended 30 June 2025

| DIRECTORS: | KC Hunt

| Mrs SK Hunt

| PA Hunt

| SECRETARY: | Mrs S Hunt

| REGISTERED OFFICE: | Unit 17

| RO24 Greenway

| Harlow Business Park

| Harlow

| Essex

| CM19 5QB

| REGISTERED NUMBER: | 00982587 (England and Wales)

| ACCOUNTANTS: | Lawrence & Company

| 26 Bell Street

| Sawbridgeworth

| Hertfordshire

| CM21 9AN

Kenex (Electro-Medical) Limited (Registered number: 00982587)

Balance Sheet

30 June 2025

| 30.6.25 | 30.6.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 339,701 |  | 377,642 |  |

CURRENT ASSETS

Stocks | 1,338,216 |  | 1,325,833 |  |

Debtors | 5 | 1,694,319 |  | 1,729,239 |  |

Investments | 6 | 92,094 |  | 86,211 |  |

Cash at bank and in hand | 2,458,016 |  | 3,368,196 |  |

5,582,645 |  | 6,509,479 |  |

CREDITORS

Amounts falling due within one year | 7 | 820,729 |  | 743,516 |  |

NET CURRENT ASSETS | 4,761,916 |  | 5,765,963 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,101,617 |  | 6,143,605 |  |

PROVISIONS FOR LIABILITIES | 8 | 7,201 |  | 9,115 |  |

NET ASSETS | 5,094,416 |  | 6,134,490 |  |

CAPITAL AND RESERVES

Called up share capital | 3,500 |  | 3,500 |  |

Retained earnings | 9 | 5,090,916 |  | 6,130,990 |  |

SHAREHOLDERS' FUNDS | 5,094,416 |  | 6,134,490 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Kenex (Electro-Medical) Limited (Registered number: 00982587)

Balance Sheet - continued

30 June 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 Board of Directors and authorised for issue on 20 August 2025 and were signed on its behalf by:

KC Hunt - Director

Kenex (Electro-Medical) Limited (Registered number: 00982587)

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| Kenex (Electro-Medical) 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.

| 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.

| Improvements to property | - | Straight line over 20 years

| Plant and machinery | - | 20% on reducing balance

| Fixtures and fittings | - | 15% on reducing balance

| Computer equipment | - | 33% on reducing balance and 25% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| 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.

| 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.

| Foreign currencies

| Assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. Tranactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account.

Kenex (Electro-Medical) Limited (Registered number: 00982587)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 24 (2024 - 23 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| to |  | Plant and |  | and |  | Computer |

| property |  | machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 July 2024 |

| and 30 June 2025 | 559,281 |  | 26,426 |  | 132,260 |  | 88,353 |  | 806,320 |  |

| DEPRECIATION

| At 1 July 2024 | 225,377 |  | 21,760 |  | 97,649 |  | 83,892 |  | 428,678 |  |

| Charge for year | 28,970 |  | 933 |  | 6,922 |  | 1,116 |  | 37,941 |  |

| At 30 June 2025 | 254,347 |  | 22,693 |  | 104,571 |  | 85,008 |  | 466,619 |  |

| NET BOOK VALUE

| At 30 June 2025 | 304,934 |  | 3,733 |  | 27,689 |  | 3,345 |  | 339,701 |  |

| At 30 June 2024 | 333,904 |  | 4,666 |  | 34,611 |  | 4,461 |  | 377,642 |  |

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

| 30.6.25 |  | 30.6.24

£ | £ |

| Trade debtors | 1,488,770 |  | 1,578,210 |  |

| Other debtors | 164,281 |  | 105,866 |  |

| Prepayments | 41,268 |  | 45,163 |  |

1,694,319 |  | 1,729,239 |  |

6. | CURRENT ASSET INVESTMENTS

| 30.6.25 |  | 30.6.24

£ | £ |

| Listed investments | 92,094 |  | 86,211 |  |

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

| 30.6.25 |  | 30.6.24

£ | £ |

| Trade creditors | 315,403 |  | 164,179 |  |

| Tax | 459,599 |  | 512,308 |  |

| Social security and other taxes | 22,200 |  | 42,423 |  |

| Directors' current accounts | 1,167 |  | 1,715 |  |

| Accrued expenses | 22,360 |  | 22,891 |  |

820,729 |  | 743,516 |  |

8. | PROVISIONS FOR LIABILITIES

| 30.6.25 |  | 30.6.24

£ | £ |

| Deferred tax | 7,201 |  | 9,115 |  |

Kenex (Electro-Medical) Limited (Registered number: 00982587)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

8. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 July 2024 | 9,115 |  |

| Transfer from deferred tax | (1,914 | ) |

| Balance at 30 June 2025 | 7,201 |  |

9. | RESERVES

| Retained

| earnings

£ |

| At 1 July 2024 | 6,130,990 |  |

| Profit for the year | 2,033,224 |  |

| Dividends | (3,079,181 | ) |

| Gain on listed investment | 5,883 |  |

| At 30 June 2025 | 5,090,916 |  |

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 30 June 2025 and 30 June 2024:

| 30.6.25 |  | 30.6.24

£ | £ |

| KC Hunt and Mrs SK Hunt

| Balance outstanding at start of year | (26 | ) | (73 | ) |

| Amounts advanced | (82,109 | ) | (48,090 | ) |

| Amounts repaid | 80,968 |  | 48,137 |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (1,167 | ) | (26 | ) |

| PA Hunt

| Balance outstanding at start of year | (1,689 | ) | (3,755 | ) |

| Amounts advanced | (1,648,888 | ) | - |  |

| Amounts repaid | 1,650,577 |  | 2,066 |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | (1,689 | ) |

11. | RELATED PARTY DISCLOSURES

| During the year, total dividends of £3,079,181 (2024 - £942,403) were paid to the directors .

| The ultimate controlling parties are Mr KC & Mrs SK Hunt, the two directors who own 100% of the voting share capital, as with similar organisations of this size and nature, they have a directors loan account that funds flow in and out of, the movements during the year are summarised above.