REGISTERED NUMBER: 00644778 (England and Wales)

Financial Statements

for the Year Ended 30 September 2025

for

M.F.C. International Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

M B Simpson

A Burt

G Walker

J R Southwell

SECRETARY:

M B Simpson

REGISTERED OFFICE:

Shadwell House

65 Lower Green Road

Rusthall

Tunbridge Wells

Kent

TN4 8TW

REGISTERED NUMBER:

00644778 (England and Wales)

SENIOR STATUTORY AUDITOR:

Aidan Smyth

AUDITORS:

Peter Hodgson & Co. Ltd. (Statutory Auditor)

Chartered Accountants

Shadwell House

65 Lower Green Road

Tunbridge Wells

Kent

TN4 8TW

FIXED ASSETS

Intangible assets

4

2,177

2,451

Property, plant and equipment

5

1,351,159

1,490,782

1,353,336

1,493,233

CURRENT ASSETS

Inventories

6

1,154,850

1,226,357

Debtors

7

781,713

711,464

Cash at bank

254,572

125,609

2,191,135

2,063,430

CREDITORS

Amounts falling due within one year

8

359,708

341,346

NET CURRENT ASSETS

1,831,427

1,722,084

TOTAL ASSETS LESS CURRENT LIABILITIES

3,184,763

3,215,317

CREDITORS

Amounts falling due after more than one year

9

(6,279,257

)

(6,139,988

)

PROVISIONS FOR LIABILITIES

10

(45,727

)

(71,966

)

NET LIABILITIES

(3,140,221

)

(2,996,637

)

CAPITAL AND RESERVES

Called up share capital

11

5,397

5,397

Revaluation reserve

12

53,262

53,262

Retained earnings

12

(3,198,880

)

(3,055,296

)

SHAREHOLDERS' FUNDS

(3,140,221

)

(2,996,637

)

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 18 June 2026 and were signed on its behalf by:

M B Simpson - Director

1.	STATUTORY INFORMATION

M.F.C. International 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.

Significant judgements and estimates

There are no specific significant judgements or estimates pertaining to these accounts.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets

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

Freehold property

-

2% on cost (buildings only)

Plant & equipment

-

15% on reducing balance

Fixtures and fittings

-

25% straight line

Motor vehicles

-

25% straight line

Stocks

Inventories 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 written off 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 statement of financial position 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.

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.

Financial instruments

Basic financial instruments comprising debtors, bank and cash balances are recorded at fair value.

Functional currency

The functional currency of the company is £ Sterling.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2024 - 34 ) .

4.	INTANGIBLE FIXED ASSETS

Trademarks

£

COST

At 1 October 2024

9,588

Additions

616

At 30 September 2025

10,204

AMORTISATION

At 1 October 2024

7,137

Amortisation for year

890

At 30 September 2025

8,027

NET BOOK VALUE

At 30 September 2025

2,177

At 30 September 2024

2,451

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

Plant &

and

Motor

property

equipment

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 October 2024

1,306,972

1,083,218

157,543

9,249

2,556,982

Additions

-

-

-

14,995

14,995

Disposals

-

-

-

(9,249

)

(9,249

)

At 30 September 2025

1,306,972

1,083,218

157,543

14,995

2,562,728

DEPRECIATION

At 1 October 2024

169,365

738,647

148,939

9,249

1,066,200

Charge for year

22,139

124,516

5,464

2,499

154,618

Eliminated on disposal

-

-

-

(9,249

)

(9,249

)

At 30 September 2025

191,504

863,163

154,403

2,499

1,211,569

NET BOOK VALUE

At 30 September 2025

1,115,468

220,055

3,140

12,496

1,351,159

At 30 September 2024

1,137,607

344,571

8,604

-

1,490,782

6.	INVENTORIES

2025

2024

£

£

Stock & work in progress

1,154,850

1,226,357

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

591,885

477,709

Corporation tax repayable

51,616

-

Prepayments & other debtors

138,212

233,755

781,713

711,464

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,763

10,000

Trade creditors

132,381

106,145

VAT

2,107

25,498

PAYE & social security

16,430

23,224

Accruals & others

200,027

176,479

359,708

341,346

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

9,052

Amounts owed to group undertakings

6,279,257

6,130,936

6,279,257

6,139,988

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

45,727

71,966

Deferred

tax

£

Balance at 1 October 2024

71,966

Provided during year

(26,239

)

Balance at 30 September 2025

45,727

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

5,397

Ordinary

£1

5,397

5,397

12.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 October 2024

(3,055,296

)

53,262

(3,002,034

)

Deficit for the year

(143,584

)

(143,584

)

At 30 September 2025

(3,198,880

)

53,262

(3,145,618

)

13.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Aidan Smyth (Senior Statutory Auditor)

for and on behalf of Peter Hodgson & Co. Ltd. (Statutory Auditor)

14.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

15.	POST BALANCE SHEET EVENTS

The results for the year include £70,807 impairment charge in respect of fixed assets that were used in a now discontinued activity and disposed of after the year end for £20,000.

16.	ULTIMATE CONTROLLING PARTY

Respirex International Limited owns 100% of the share capital in the company.

M B Simpson is the ultimate controlling party by virtue of his majority shareholding in Respirex International Limited.

17.	GOING CONCERN

The directors consider the company to be a going concern and have confirmed that it has the continued financial support of its holding company Respirex International Limited.