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REGISTERED NUMBER: 04021566 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

SYPLEX LIMITED

SYPLEX LIMITED (REGISTERED NUMBER: 04021566)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

SYPLEX LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JULY 2025

| DIRECTORS: | S R Foote

| C A Tedman

| A D Mitchell

| N L Francis

| SECRETARY: | S R Foote

| REGISTERED OFFICE: | 4 Stow Court

| Stow Road

| Stow cum Quy

| Cambridge

| CB25 9AS

| REGISTERED NUMBER: | 04021566 (England and Wales)

| ACCOUNTANTS: | Prentis & Co LLP

| Chartered Accountants

| 115c Milton Road

| Cambridge

| CB4 1XE

SYPLEX LIMITED (REGISTERED NUMBER: 04021566)

BALANCE SHEET

31 JULY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 150,886 |  | 128,483 |  |

Investments | 5 | 20 |  | 20 |  |

150,906 |  | 128,503 |  |

CURRENT ASSETS

Stocks | 500 |  | 500 |  |

Debtors | 6 | 741,524 |  | 331,746 |  |

Cash at bank | 392,617 |  | 710,229 |  |

1,134,641 |  | 1,042,475 |  |

CREDITORS

Amounts falling due within one year | 7 | 247,507 |  | 256,579 |  |

NET CURRENT ASSETS | 887,134 |  | 785,896 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,038,040 |  | 914,399 |  |

CREDITORS

Amounts falling due after more than one year | 8 | - |  | (11,534 | ) |

PROVISIONS FOR LIABILITIES | (8,112 | ) | (10,347 | ) |

NET ASSETS | 1,029,928 |  | 892,518 |  |

CAPITAL AND RESERVES

Called up share capital | 55 |  | 55 |  |

Capital redemption reserve | 45 |  | 45 |  |

Retained earnings | 1,029,828 |  | 892,418 |  |

SHAREHOLDERS' FUNDS | 1,029,928 |  | 892,518 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

SYPLEX LIMITED (REGISTERED NUMBER: 04021566)

BALANCE SHEET - continued

31 JULY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2026 and were signed on its behalf by:

S R Foote - Director

SYPLEX LIMITED (REGISTERED NUMBER: 04021566)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1. | STATUTORY INFORMATION

| Syplex 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 as modified by the revaluation of certain assets.

| 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

| Equipment | - | 20% on cost

| Motor vehicles | - | 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 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 21 (2024 - 20 ) .

SYPLEX LIMITED (REGISTERED NUMBER: 04021566)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

4. | TANGIBLE FIXED ASSETS

| Motor |

| Equipment |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 August 2024 | 72,479 |  | 184,744 |  | 257,223 |  |

| Additions | 6,007 |  | 54,000 |  | 60,007 |  |

| At 31 July 2025 | 78,486 |  | 238,744 |  | 317,230 |  |

| DEPRECIATION

| At 1 August 2024 | 51,740 |  | 77,000 |  | 128,740 |  |

| Charge for year | 8,419 |  | 29,185 |  | 37,604 |  |

| At 31 July 2025 | 60,159 |  | 106,185 |  | 166,344 |  |

| NET BOOK VALUE

| At 31 July 2025 | 18,327 |  | 132,559 |  | 150,886 |  |

| At 31 July 2024 | 20,739 |  | 107,744 |  | 128,483 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 August 2024

| and 31 July 2025 | 32,791 |  |

| DEPRECIATION

| At 1 August 2024 | 21,831 |  |

| Charge for year | 2,740 |  |

| At 31 July 2025 | 24,571 |  |

| NET BOOK VALUE

| At 31 July 2025 | 8,220 |  |

| At 31 July 2024 | 10,960 |  |

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 August 2024

| and 31 July 2025 | 20 |  |

| NET BOOK VALUE

| At 31 July 2025 | 20 |  |

| At 31 July 2024 | 20 |  |

| Two companies were incorporated in July 2024 in which Syplex Limited owns 100% of the issued share capital.

SYPLEX LIMITED (REGISTERED NUMBER: 04021566)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

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

2025 | 2024 |

£ | £ |

| Trade debtors | 177,937 |  | 172,032 |  |

| Intercompany loans | 423,080 |  | - |  |

| Directors' current accounts | 95,235 |  | 110,235 |  |

| Tax | 35,694 |  | 45,639 |  |

| Prepayments | 9,578 |  | 3,840 |  |

741,524 |  | 331,746 |  |

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 292 |  | 3,510 |  |

| Trade creditors | 72,957 |  | 93,130 |  |

| Tax | 94,368 |  | 82,840 |  |

| Social security and other taxes | 36,128 |  | 20,460 |  |

| VAT | 33,396 |  | 48,370 |  |

| Other creditors | 2,727 |  | 2,037 |  |

| Accruals and deferred income | 7,639 |  | 6,232 |  |

247,507 |  | 256,579 |  |

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts | - |  | 11,534 |  |

9. | OTHER FINANCIAL COMMITMENTS

| At 31 July 2025 the company was committed to making the following total payments under non-cancellable operating leases:

|  | 2025 |  | 2024 |

| £ |  | £ |  |

| Operating leases which expire: |  |

| Between two and five years |  | 24,792 |  | 24,792 |

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 July 2025 and 31 July 2024:

2025 | 2024 |

£ | £ |

| S R Foote

| Balance outstanding at start of year | 110,235 |  | 135,235 |  |

| Amounts repaid | (15,000 | ) | (25,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 95,235 |  | 110,235 |  |

SYPLEX LIMITED (REGISTERED NUMBER: 04021566)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

11. | RELATED PARTY DISCLOSURES

| During the year the company paid rent of £14,462 (2024 - £12,396) to Stow Partners, a partnership of which S Foote is a partner. The company also paid a service charge of £1,166 (2024 - £1,702) to Stow Court Management Company Limited, a company in which S Foote is a shareholder.

12. | ULTIMATE CONTROLLING PARTY

| At the date of signing the immediate parent was Syplex Cambridge Limited. The ultimate controlling party is S Foote .

13. | ASSOCIATED COMPANIES

| Two companies were incorporated in July 2024 in which Syplex Limited owns 100% of the issued share capital. The value of these investments is disclosed at note 5.