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REGISTERED NUMBER: 04573096 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 October 2025

for

KPEC Ltd

KPEC Ltd (Registered number: 04573096)

Contents of the Financial Statements

for the Year Ended 31 October 2025

Page |

Company Information | 1 |

Chartered Accountants' Report | 2 |

Balance Sheet | 3 |

Notes to the Financial Statements | 5 |

KPEC Ltd

Company Information

for the Year Ended 31 October 2025

| DIRECTORS: | P Faulkner

| A L Faulkner

| A Morrall-Faulkner

| D Faulkner

| REGISTERED OFFICE: | Barlow Road

| Aldermans Green Industrial Estate

| Coventry

| Warwickshire

| CV2 2LD

| REGISTERED NUMBER: | 04573096 (England and Wales)

| ACCOUNTANTS: | The Rowleys Partnership Ltd

| Chartered Accountants

| Charnwood House

| Harcourt Way

| Meridian Business Park

| Leicester

| Leicestershire

| LE19 1WP

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

KPEC Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of KPEC Ltd for the year ended 31 October 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of KPEC Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of KPEC Ltd and state those matters that we have agreed to state to the Board of Directors of KPEC Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KPEC Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that KPEC Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of KPEC Ltd. You consider that KPEC Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of KPEC Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

10 July 2026

KPEC Ltd (Registered number: 04573096)

Balance Sheet

31 October 2025

| 31.10.25 | 31.10.24 |

| as restated |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 755,715 |  | 796,177 |  |

CURRENT ASSETS

Stocks | 78,880 |  | 74,841 |  |

Debtors | 5 | 1,326,624 |  | 1,445,201 |  |

Cash at bank and in hand | 507,241 |  | 379,731 |  |

1,912,745 |  | 1,899,773 |  |

CREDITORS

Amounts falling due within one year | 6 | 325,291 |  | 382,598 |  |

NET CURRENT ASSETS | 1,587,454 |  | 1,517,175 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,343,169 |  | 2,313,352 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (191,151 | ) | (206,381 | ) |

PROVISIONS FOR LIABILITIES | (39,609 | ) | (46,215 | ) |

NET ASSETS | 2,112,409 |  | 2,060,756 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 100,002 |  | 100,002 |  |

Retained earnings | 2,012,407 |  | 1,960,754 |  |

SHAREHOLDERS' FUNDS | 2,112,409 |  | 2,060,756 |  |

KPEC Ltd (Registered number: 04573096)

Balance Sheet - continued

31 October 2025

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 10 July 2026 and were signed on its behalf by:

P Faulkner - Director

KPEC Ltd (Registered number: 04573096)

Notes to the Financial Statements

for the Year Ended 31 October 2025

1. | STATUTORY INFORMATION

| KPEC Ltd 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.

| Preparation of consolidated financial statements

| The financial statements contain information about KPEC Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Turnover

| Turnover represents the value of goods and services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion.

| 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 | - | No depreciation charged

| Plant and machinery | - | 15% reducing balance

| Fixtures and fittings | - | 15% reducing balance

| Motor vehicles | - | 25% reducing balance

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.Provision is made for damaged, obsolete and slow-moving stock where appropriate.

| 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.

KPEC Ltd (Registered number: 04573096)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 26 (2024 - 25 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | Plant and |  | and |  | Motor |

| property |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 November 2024 | 518,775 |  | 435,114 |  | 83,001 |  | 59,600 |  | 1,096,490 |  |

| Additions | - |  | 5,000 |  | - |  | - |  | 5,000 |  |

| At 31 October 2025 | 518,775 |  | 440,114 |  | 83,001 |  | 59,600 |  | 1,101,490 |  |

| DEPRECIATION

| At 1 November 2024 | - |  | 216,346 |  | 55,382 |  | 28,585 |  | 300,313 |  |

| Charge for year | - |  | 33,565 |  | 4,143 |  | 7,754 |  | 45,462 |  |

| At 31 October 2025 | - |  | 249,911 |  | 59,525 |  | 36,339 |  | 345,775 |  |

| NET BOOK VALUE

| At 31 October 2025 | 518,775 |  | 190,203 |  | 23,476 |  | 23,261 |  | 755,715 |  |

| At 31 October 2024 | 518,775 |  | 218,768 |  | 27,619 |  | 31,015 |  | 796,177 |  |

KPEC Ltd (Registered number: 04573096)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

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

| 31.10.25 |  | 31.10.24

| as | restated |

£ | £ |

| Trade debtors | 411,935 |  | 548,863 |  |

| Other trade debtors | 36,705 |  | 56,787 |  |

| Amounts owed by group undertakings | 315,859 |  | 314,481 |  |

| Other debtors | 558,880 |  | 523,552 |  |

| Prepayments and accrued income | 3,245 |  | 1,518 |  |

1,326,624 |  | 1,445,201 |  |

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

| 31.10.25 |  | 31.10.24

| as | restated |

£ | £ |

| Bank loans and overdrafts | 28,999 |  | 42,768 |  |

| Trade creditors | 163,643 |  | 196,402 |  |

| Corporation tax | 30,771 |  | 14,749 |  |

| Social security and other taxes | 15,959 |  | 17,617 |  |

| VAT | 65,885 |  | 82,348 |  |

| Other creditors | 10,426 |  | 7,050 |  |

| Directors' current accounts | 1,153 |  | 1,153 |  |

| Accruals and deferred income | 8,455 |  | 20,511 |  |

325,291 |  | 382,598 |  |

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

| 31.10.25 |  | 31.10.24

| as | restated |

£ | £ |

| Bank loans - 1-2 years | 28,999 |  | 42,768 |  |

| Bank loans - 2-5 years | 86,997 |  | 128,304 |  |

| Bank loans more 5 yr by instal | 75,155 |  | 35,309 |  |

191,151 |  | 206,381 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 75,155 |  | 35,309 |  |

KPEC Ltd (Registered number: 04573096)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.10.25 |  | 31.10.24

| as | restated |

£ | £ |

| Bank loans | 220,150 |  | 249,149 |  |

| The bank loan is secured against the freehold property owned by the company.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.10.25 |  | 31.10.24

| value: |  | as restated |

£ | £ |

| 100,002 | Ordinary | £1 | 100,002 |  | 100,002 |  |

10. | OTHER FINANCIAL COMMITMENTS

| The company has the following financial commitments with its bankers :

| Cross guarantee in favour of the company's bankers relating to the following group companies

| Faulkner 2012 Limited

| The company's director, Mr P Faulkner, has given a personal guarantee to the company's bankers.

11. | ULTIMATE CONTROLLING PARTY

| The ultimate holding company of KPEC Limited is Faulkner 2012 Ltd.