REGISTERED NUMBER: NI627234 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

KES Group Inc Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C McCrossan

Mr M Maguire

Mr D Loughran

Mr M Loughran

REGISTERED OFFICE:

Strabane Business Park

Melmount Road

STRABANE

Co. Tyrone

BT82 9GU

REGISTERED NUMBER:

NI627234 (Northern Ireland)

ACCOUNTANTS:

Gildernew & Co Ltd

Six Northland Row

DUNGANNON

Co. Tyrone

BT71 6AW

FIXED ASSETS

Intangible assets

4

2,109,119

10,815

Tangible assets

5

12,568,817

7,757,913

14,677,936

7,768,728

CURRENT ASSETS

Stocks

6

1,636,670

767,599

Debtors

7

1,588,847

736,139

Cash at bank and in hand

103,487

2,236,700

3,329,004

3,740,438

CREDITORS

Amounts falling due within one year

8

4,118,608

1,068,200

NET CURRENT (LIABILITIES)/ASSETS

(789,604

)

2,672,238

TOTAL ASSETS LESS CURRENT LIABILITIES

13,888,332

10,440,966

CREDITORS

Amounts falling due after more than one year

9

10,666,807

7,242,673

NET ASSETS

3,221,525

3,198,293

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

3,221,524

3,198,292

3,221,525

3,198,293

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 24 June 2026 and were signed on its behalf by:

Mr C McCrossan - Director

1.	STATUTORY INFORMATION

KES Group Inc Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

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.

Development costs are to be amortised evenly over their estimated useful life, beginning once the asset becomes available for use.

Computer software is being amortised evenly over its estimated useful life of five 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

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

20% reducing balance

Motor vehicles

-

25% reducing balance and 10% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 54 (2024 - 45 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 October 2024

36,997

Additions

2,100,467

At 30 September 2025

2,137,464

AMORTISATION

At 1 October 2024

26,182

Charge for year

2,163

At 30 September 2025

28,345

NET BOOK VALUE

At 30 September 2025

2,109,119

At 30 September 2024

10,815

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 October 2024

6,018,381

2,170,978

134,622

428,065

8,752,046

Additions

2,354,824

2,443,048

74,896

379,900

5,252,668

At 30 September 2025

8,373,205

4,614,026

209,518

807,965

14,004,714

DEPRECIATION

At 1 October 2024

233,611

673,068

58,000

29,454

994,133

Charge for year

77,042

235,356

22,571

106,795

441,764

At 30 September 2025

310,653

908,424

80,571

136,249

1,435,897

NET BOOK VALUE

At 30 September 2025

8,062,552

3,705,602

128,947

671,716

12,568,817

At 30 September 2024

5,784,770

1,497,910

76,622

398,611

7,757,913

6.

STOCKS

2025

2024

£

£

Stocks

1,636,670

767,599

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

112,968

460,113

Other debtors

1,475,879

276,026

1,588,847

736,139

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1,338,496

57,213

Hire purchase contracts

64,400

29,765

Trade creditors

2,055,077

809,619

Taxation and social security

49,470

29,360

Other creditors

611,165

142,243

4,118,608

1,068,200

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

4,190

1,339,736

Hire purchase contracts

170,548

46,748

Amounts owed to group undertakings

10,340,243

5,529,763

Other creditors

151,826

326,426

10,666,807

7,242,673

10.	ULTIMATE CONTROLLING PARTY

KES Group Holdings Limited, a company established in Northern Ireland, holds 100% of the equity share capital in KES Group (Inc) Ltd, and is the ultimate parent undertaking.

The ultimate controlling parties are the directors who control the entire equity share capital in KES Group Holdings Limited.