Naddirect UK Ltd

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Report to the director on the preparation of the unaudited statutory accounts of Naddirect UK Ltd for the period 1 June 2024 to 31 July 2025

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Naddirect UK Ltd which comprise the Profit and Loss Account, the 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made to the director of Naddirect UK Ltd , as a body, in accordance with the terms of our engagement letter dated 15/07/2025. Our work has been undertaken solely to prepare for your approval the accounts of Naddirect UK Ltd and state those matters that we have agreed to state to the director of Naddirect UK Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Naddirect UK Ltd and its director as a body for our work or for this report.

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

We have not been instructed to carry out an audit or a review of the accounts of Naddirect UK 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 financial statements.

31st July 2026

Ascendis Accountants, Business & Tax Advisors Ltd

Chartered Certified Accountants, Taxation and Business Advisors

First Floor, East Wing, Sandfield House

Kings Close, Water Lane

Wilmslow

Cheshire

SK9 5AR

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Naddirect UK Ltd

Balance Sheet

As At 31 July 2025

Balance Sheet

Registered number: 12000410

		31 July 2025		31 May 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		154,345		173,991
Tangible Assets	5		26,106		22,391

			180,451		196,382
CURRENT ASSETS
Stocks	6	74,994		70,855
Debtors	7	161,541		69,841
Cash at bank and in hand		53,966		5,985

		290,501		146,681
Creditors: Amounts Falling Due Within One Year	8	(194,262 )		(117,038 )

NET CURRENT ASSETS (LIABILITIES)			96,239		29,643

TOTAL ASSETS LESS CURRENT LIABILITIES			276,690		226,025

Creditors: Amounts Falling Due After More Than One Year	9		(336,617 )		(87,695 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,303 )		(37,312 )

NET (LIABILITIES)/ASSETS			(61,230 )		101,018

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			(61,330 )		100,918

SHAREHOLDERS' FUNDS			(61,230)		101,018

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Naddirect UK Ltd

Balance Sheet (continued)

As At 31 July 2025

For the period ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ms Yuqi Feng

Director

31st July 2026

The notes on pages 4 to 7 form part of these financial statements.

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Naddirect UK Ltd

Notes to the Financial Statements

For the Period 1 June 2024 to 31 July 2025

Notes to the Financial Statements

1. General Information

Naddirect UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12000410 . The registered office is Floor 1 27 Wimpole Street, London, W1G 8GN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The accounts have been prepared on a going concern basis. This assumption may not be valid at the balance sheet date the company has net liabilities of £61,230. The validity of the going concern assumption therefore depends on the continued support of the directors , suppliers and the companies bankers and other providers of finance.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Intellectual Property

Intellectual property assets are computer software and development It is amortised to the profit and loss account over its estimated economic life of 4 yearsand 10 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	25% Reducing balance
Fixtures & Fittings	25% Reducing balance
Computer Equipment	25% On cost

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Naddirect UK Ltd

Notes to the Financial Statements (continued)

For the Period 1 June 2024 to 31 July 2025

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 1 (2024: 1)

4. Intangible Assets

	Development Costs	Intellectual Property	Total
	£	£	£
Cost
As at 1 June 2024	189,751	22,544	212,295
Additions	9,356	-	9,356

As at 31 July 2025	199,107	22,544	221,651

Amortisation
As at 1 June 2024	24,673	13,631	38,304
Provided during the period	23,193	5,809	29,002

As at 31 July 2025	47,866	19,440	67,306

Net Book Value
As at 31 July 2025	151,241	3,104	154,345

As at 1 June 2024	165,078	8,913	173,991

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Naddirect UK Ltd

Notes to the Financial Statements (continued)

For the Period 1 June 2024 to 31 July 2025

5. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 June 2024	10,991	5,938	10,478	27,407
Additions	-	8,406	4,084	12,490

As at 31 July 2025	10,991	14,344	14,562	39,897

Depreciation
As at 1 June 2024	1,098	768	3,150	5,016
Provided during the period	2,886	2,179	3,710	8,775

As at 31 July 2025	3,984	2,947	6,860	13,791

Net Book Value
As at 31 July 2025	7,007	11,397	7,702	26,106

As at 1 June 2024	9,893	5,170	7,328	22,391

6. Stocks

	31 July 2025	31 May 2024
	£	£
Materials	74,994	70,855

7. Debtors

	31 July 2025	31 May 2024
	£	£
Due within one year
Trade debtors	57,298	36,204
Other debtors	86,423	16,206

	143,721	52,410
Due after more than one year
Amounts owed by participating interests	17,820	17,431

	161,541	69,841

8. Creditors: Amounts Falling Due Within One Year

	31 July 2025	31 May 2024
	£	£
Trade creditors	146,555	87,577
Bank loans and overdrafts	6,111	6,035
Other creditors	41,596	23,426

	194,262	117,038

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Naddirect UK Ltd

Notes to the Financial Statements (continued)

For the Period 1 June 2024 to 31 July 2025

9. Creditors: Amounts Falling Due After More Than One Year

	31 July 2025	31 May 2024
	£	£
Bank loans	20,765	27,716
Amounts owed to group undertakings	315,852	59,979

	336,617	87,695

10. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 June 2024	37,312	37,312
Deferred taxation	(36,009 )	(36,009 )

Balance at 31 July 2025	1,303	1,303

11. Share Capital

	31 July 2025	31 May 2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1 each	100	100

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