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Registered number: 08688605 KLADEX LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
KLADEX LIMITED REGISTERED NUMBER: 08688605 BALANCE SHEET AS AT 30 SEPTEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
FIXED ASSETS |  |  |  |  |
Tangible assets | 4 |  | 30,812 |  | 76,643
|  |  | 30,812 |  | 76,643
CURRENT ASSETS |  |  |  |  |
Stocks |  | 171,679 |  | 152,727 |
Debtors: amounts falling due after more than one year | 5 | - |  | 44,005 |
Debtors: amounts falling due within one year | 5 | 866,900 |  | 552,708 |
Cash at bank and in hand |  | 345 |  | 6,801 |
|  | 1,038,924 |  | 756,241 |
Creditors: amounts falling due within one year | 6 | (610,784) |  | (399,358) |
NET CURRENT ASSETS |  |  | 428,140 |  | 356,883
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 458,952 |  | 433,526
Creditors: amounts falling due after more than one year | 7 |  | (33,333) |  | (83,333)
PROVISIONS FOR LIABILITIES |  |  |  |  |
Deferred tax | 8 | (6,877) |  | (18,737) |
|  |  | (6,877) |  | (18,737)
NET ASSETS |  |  | 418,742 |  | 331,456
CAPITAL AND RESERVES |  |  |  |  |
Called up share capital | 9 |  | 51 |  | 51
Share premium account |  |  | 58,681 |  | 58,681
Profit and loss account |  |  | 360,010 |  | 272,724
|  |  | 418,742 |  | 331,456
Page 1
KLADEX LIMITED REGISTERED NUMBER: 08688605 BALANCE SHEET (CONTINUED) AS AT 30 SEPTEMBER 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Dr S Atamert
Director
Date: 1 June 2026
The notes on pages 3 to 9 form part of these financial statements. Page 2
KLADEX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
1. | GENERAL INFORMATION
Kladex Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Unit 4 Burlington Park, Foxton, Cambridge, Cambridgeshire, CB22 6SA. The Company's functional and presentational currency is GBP. 2.ACCOUNTING POLICIES
| 2.1 | BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
| 2.2 | TURNOVER
Turnover comprises revenue recognised when goods are sold and an invoice raised, exclusive of Value Added Tax and discounts. It also includes licence fees in respect of the use of the company brand, logo and technology rights which is invoiced on a quarterly basis.
| 2.3 | TANGIBLE FIXED ASSETS
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Short-term leasehold property | - | 20% | straight line
|  |  |  | Plant and machinery | - | 20% | straight line
|  |  |  | Fixtures and fittings | - | 20% | straight line
|  |  |  | Office equipment | - | 33% | straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Page 3
KLADEX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.4 | STOCKS
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.5 | DEBTORS
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.6 | CASH AND CASH EQUIVALENTS
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.7 | CREDITORS
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.8 | FOREIGN CURRENCY TRANSLATION
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
| 2.9 | FINANCE COSTS
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 4
KLADEX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.10 | OPERATING LEASES: THE COMPANY AS LESSOR
Rental income is credited to profit or loss on a straight-line basis.
| 2.11 | OPERATING LEASES: THE COMPANY AS LESSEE
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
| 2.12 | PENSIONS
DEFINED CONTRIBUTION PENSION PLAN The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.13 | CURRENT AND DEFERRED TAXATION
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
3. | EMPLOYEES
| The average monthly number of employees, including directors, during the year was 9 (2024 - 9).
Page 5
KLADEX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
4. | TANGIBLE FIXED ASSETS
|  | Short-term leasehold property | Plant and machinery | Fixtures and fittings | Office equipment | Total
|  | £ | £ | £ | £ | £
| COST OR VALUATION |  |  |  |  |
| At 1 October 2024 | 5,837 | 444,302 | 4,197 | 5,647 | 459,983
| Additions | - | - | - | 416 | 416
| At 30 September 2025 | 5,837 | 444,302 | 4,197 | 6,063 | 460,399
| DEPRECIATION |  |  |  |  |
| At 1 October 2024 | 4,008 | 371,457 | 2,647 | 5,228 | 383,340
| Charge for the year on owned assets | 1,169 | 43,919 | 839 | 320 | 46,247
| At 30 September 2025 | 5,177 | 415,376 | 3,486 | 5,548 | 429,587
| NET BOOK VALUE |  |  |  |  |
| At 30 September 2025 | 660 | 28,926 | 711 | 515 | 30,812
| At 30 September 2024 | 1,829 | 72,845 | 1,550 | 419 | 76,643
Page 6
KLADEX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
5. | DEBTORS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| DUE AFTER MORE THAN ONE YEAR |  |
| Other debtors | - | 44,005
|  | - | 44,005
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| DUE WITHIN ONE YEAR |  |
| Trade debtors | 800,782 | 527,135
| Other debtors | 4,251 | 693
| Prepayments and accrued income | 61,867 | 24,880
|  | 866,900 | 552,708
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdrafts | 39,286 | 24,077
| Bank loans | 50,000 | 50,000
| Trade creditors | 294,049 | 220,744
| Corporation tax | 39,216 | 14,835
| Other taxation and social security | 38,553 | 23,384
| Other creditors | 52,292 | 27,965
| Accruals and deferred income | 97,388 | 38,353
|  | 610,784 | 399,358
| Bank loans comprises a Coronavirus Business Interruption Scheme (CBILS) loan which was drawn down in May 2021. This loan is 100% guaranteed by the Government. Interest is charged at 2.81% per annum over Base Rate (Base rate minimum of 0.1% per annum).
Page 7
KLADEX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 33,333 | 83,333
|  | 33,333 | 83,333
| Bank loans comprises a Coronavirus Business Interruption Scheme (CBILS) loan which was drawn down in May 2021. This loan is 100% guaranteed by the Government. Interest is charged at 2.81% per annum over Base Rate (Base rate minimum of 0.1% per annum).
8. | DEFERRED TAXATION
|  | 2025
|  | £
| At beginning of year | (18,737)
| Charged to profit or loss | 11,860
| AT END OF YEAR | (6,877)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (6,877) | (18,737)
|  | (6,877) | (18,737)
Page 8
KLADEX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
9. | SHARE CAPITAL
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | ALLOTTED, CALLED UP AND FULLY PAID |  |
|  | 51 (2024 - 26) Ordinary shares of £1.00 each | 51 | 26
|  | ALLOTTED, CALLED UP AND PARTLY PAID |  |
|  | Nil (2024 - 25) Ordinary shares of £1.00 each | - | 25
10. | PENSION COMMITMENTS
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The contributions payable to the fund in the year amounted to £7,412 (2024: £7,683). The amounts outstanding at the year end totalled £1,696 (2024: £1,465).
Page 9