BrightAccountsProduction v1.0.0 v1.0.0 2025-01-01 The company was not dormant during the period The company was trading for the entire period Wholesale of agricultural machinery, equipment and supplies. 10 July 2026 0 0 06763872 2025-12-31 06763872 2024-12-31 06763872 2023-12-31 06763872 2025-01-01 2025-12-31 06763872 2024-01-01 2024-12-31 06763872 uk-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 06763872 uk-curr:PoundSterling 2025-01-01 2025-12-31 06763872 uk-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 06763872 uk-bus:FullAccounts 2025-01-01 2025-12-31 06763872 uk-core:ShareCapital 2025-12-31 06763872 uk-core:ShareCapital 2024-12-31 06763872 uk-core:RetainedEarningsAccumulatedLosses 2025-12-31 06763872 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 06763872 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-12-31 06763872 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-12-31 06763872 uk-bus:FRS102 2025-01-01 2025-12-31 06763872 uk-core:FurnitureFittingsToolsEquipment 2025-01-01 2025-12-31 06763872 uk-core:MotorVehicles 2025-01-01 2025-12-31 06763872 uk-bus:Audited 2025-01-01 2025-12-31 06763872 uk-core:CurrentFinancialInstruments 2025-12-31 06763872 uk-core:CurrentFinancialInstruments 2024-12-31 06763872 uk-core:CurrentFinancialInstruments 2025-12-31 06763872 uk-core:CurrentFinancialInstruments 2024-12-31 06763872 uk-core:WithinOneYear 2025-12-31 06763872 uk-core:WithinOneYear 2024-12-31 06763872 2025-01-01 2025-12-31 06763872 uk-bus:Director2 2025-01-01 2025-12-31 xbrli:pure iso4217:GBP xbrli:shares

Company Registration Number: 06763872

Cordex UK Limited

Financial Statements

for the financial year ended 31 December 2025

Cordex UK Limited

Company Registration Number: 06763872

STATEMENT OF FINANCIAL POSITION

as at 31 December 2025

|  |  | 2025 |  | 2024
|  | Notes | £ |  | £
Fixed Assets

Tangible assets |  | 5 | 4,432 |  | -
|  |  | ───────── |  | ─────────
Current Assets

Stocks |  | 6 | 602,020 |  | 344,906
Debtors |  | 7 | 1,174,543 |  | 1,885,525
Cash and cash equivalents |  |  | 1,439,062 |  | 716,917
|  |  | ───────── |  | ─────────
|  |  | 3,215,625 |  | 2,947,348
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  | 8 | (2,782,339) |  | (2,538,819)
|  |  | ───────── |  | ─────────
Net Current Assets |  |  | 433,286 |  | 408,529
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | 437,718 |  | 408,529
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 1,000 |  | 1,000
Statement of income and retained earnings |  |  | 436,718 |  | 407,529
|  |  | ───────── |  | ─────────
Shareholders' Funds |  |  | 437,718 |  | 408,529
|  |  | ═════════ |  | ═════════
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 company has taken advantage of the exemption under section 444 not to file the Statement of Income and Retained Earnings and Directors' Report.

Approved by the Board and authorised for issue on 8 July 2026 and signed on its behalf by

________________________________ |  |  |  |  |
Mr M A R Pereira |  |  |  |  |
Director |  |  |  |  |

Cordex UK Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 December 2025

1. | General Information
| Cordex UK Limited (Company number 06763872) is a private company limited by shares, registered in England & Wales. The address of the registered office is Vulcan House, Priory Road, Strood, Kent, ME2 2BD.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the financial year ended 31 December 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity, and to the nearest ?1.
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax. Turnover is largely in the form of agricultural twines and stretch film sales. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods), when the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
| Provisions
| Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is possible that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwriting of the discount is recognised in finance costs in profit or loss in the period it arises.
| Impairment
| A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
| Tangible assets and depreciation
| Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation is calculated so as to write off the costs or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|  | Fixtures, fittings and equipment | - | 12.5% Straight line
|  | Motor vehicles | - | 25% Straight line
| If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the deprecation is revised prospectively to reflect the new estimates.
| Stocks
| Stocks are measured 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 the stocks to their present location and condition.
| Taxation and deferred taxation
| The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted of subsequently enacted at the reporting date.
| Financial Instruments
| The company only enters in to basic financial instrument transactions that result in the recognition of financial assets and liabilities, such as trade and other debtors and creditors, and loans from third parties.
| Ordinary share capital
| The ordinary share capital of the company is presented as equity.

3. | INFORMATION RELATING TO THE AUDITOR'S REPORT
| The Audit Report was unqualified. There were no matters to which the auditor was required to refer by way of emphasis.
| The financial statements were audited by Henry Reeves & Co Limited.
| The Auditor's Report was signed by Michael Fanning FCCA (Senior Statutory Auditor) for and on behalf of Henry Reeves & Co Limited on 10th July 2026.

4. | Employees
| The average monthly number of employees, including directors, during the financial year was 6, (2024 - 5).

5. | Tangible assets
|  | Fixtures, | Motor | Total
|  | fittings and | vehicles |
|  | equipment |  |
|  | £ | £ | £
| Cost
| At 1 January 2025 | 8,446 | 44,005 | 52,451
| Additions | 4,693 | - | 4,693
|  | ───────── | ───────── | ─────────
| At 31 December 2025 | 13,139 | 44,005 | 57,144
|  | ───────── | ───────── | ─────────
| Depreciation
| At 1 January 2025 | 8,446 | 44,005 | 52,451
| Charge for the financial year | 261 | - | 261
|  | ───────── | ───────── | ─────────
| At 31 December 2025 | 8,707 | 44,005 | 52,712
|  | ───────── | ───────── | ─────────
| Net book value
| At 31 December 2025 | 4,432 | - | 4,432
|  | ═════════ | ═════════ | ═════════

6. | Stocks | 2025 | 2024
|  | £ | £
| Finished goods and goods for resale | 602,020 | 344,906
|  | ═════════ | ═════════

7. | Debtors | 2025 | 2024
|  | £ | £
| Trade debtors | 1,045,551 | 1,522,706
| Amounts owed by group undertakings | 118,349 | 71,985
| Taxation | 4,314 | 284,388
| Prepayments and accrued income | 6,329 | 6,446
|  | ───────── | ─────────
|  | 1,174,543 | 1,885,525
|  | ═════════ | ═════════

8. | Creditors | 2025 | 2024
| Amounts falling due within one year | £ | £
| Trade creditors | 28,277 | 4,093
| Amounts owed to group undertakings | 2,715,389 | 2,464,255
| Taxation | 14,161 | 25,114
| Other creditors | (6,344) | (5,313)
| Accruals:
| Pension accrual | 576 | 500
| Other accruals | 30,280 | 50,170
|  | ───────── | ─────────
|  | 2,782,339 | 2,538,819
|  | ═════════ | ═════════

9. | Related party transactions
| During the year the company entered into the following transactions with related parties:
|  | 2025 | 2024
|  | £ | £
| Cordex Companhia Industrial Textil SA (Trade Debtors) | 118,349 | 71,985
| Cordex Companhia Industrial Textil SA (Commissions) | 118,349 | 71,985
| Cordex Companhia Industrial Textil SA (Trade Creditors) | (2,688,879) | (2,464,255)
| Cordex Companhia Industrial Textil SA (Purchases) | 7,627,257 | 7,774,824
| Cordex Sociedade Gestora de Participacoes Sociais SA (Trade Creditors) | (26,510) | -
| Cordex Sociedade Gestora de Participacoes Sociais SA (Purchases) | 26,510 | -
|  | ───────── | ─────────
|  | 5,175,076 | 5,454,539
|  | ═════════ | ═════════
| Cordex Companhia Industrial Textil SA and Cordex UK Ltd are subsidiaries of the parent company, Cordex Sociedade Gestora de Participacoes Socais SA.

10. | Controlling party
| The company's immediate parent is Cordex Sociedade Gestora de Participacoes Socias SA, a company incorporated in Portugal and whose accounts are available from No. 785, PO Box 15, 3885-909 Esmoriz, Portugal.