IRIS Accounts Production v26.1.10.61 05705233 Board of Directors 1.1.25 31.12.25 31.12.25 false true false false true false Ordinary A 0.0100 Ordinary B 0.0100 Ordinary C 0.0100 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 05705233 2024-12-31 05705233 2025-12-31 05705233 2025-01-01 2025-12-31 05705233 2023-12-31 05705233 2024-01-01 2024-12-31 05705233 2024-12-31 05705233 ns15:EnglandWales 2025-01-01 2025-12-31 05705233 ns14:PoundSterling 2025-01-01 2025-12-31 05705233 ns10:Director1 2025-01-01 2025-12-31 05705233 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 05705233 ns10:SmallEntities 2025-01-01 2025-12-31 05705233 ns10:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 05705233 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 05705233 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 05705233 ns10:FullAccounts 2025-01-01 2025-12-31 05705233 ns10:OrdinaryShareClass1 2025-01-01 2025-12-31 05705233 ns10:OrdinaryShareClass2 2025-01-01 2025-12-31 05705233 ns10:OrdinaryShareClass3 2025-01-01 2025-12-31 05705233 ns10:Director2 2025-01-01 2025-12-31 05705233 ns10:Director3 2025-01-01 2025-12-31 05705233 ns10:Director4 2025-01-01 2025-12-31 05705233 ns10:Director5 2025-01-01 2025-12-31 05705233 ns10:Director6 2025-01-01 2025-12-31 05705233 ns10:Director7 2025-01-01 2025-12-31 05705233 ns10:Director8 2025-01-01 2025-12-31 05705233 ns10:CompanySecretary1 2025-01-01 2025-12-31 05705233 ns10:RegisteredOffice 2025-01-01 2025-12-31 05705233 ns5:CurrentFinancialInstruments 2025-12-31 05705233 ns5:CurrentFinancialInstruments 2024-12-31 05705233 ns5:Non-currentFinancialInstruments 2025-12-31 05705233 ns5:Non-currentFinancialInstruments 2024-12-31 05705233 ns5:ShareCapital 2025-12-31 05705233 ns5:ShareCapital 2024-12-31 05705233 ns5:SharePremium 2025-12-31 05705233 ns5:SharePremium 2024-12-31 05705233 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 05705233 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 05705233 ns5:PlantMachinery 2025-01-01 2025-12-31 05705233 ns5:FurnitureFittings 2025-01-01 2025-12-31 05705233 ns5:PlantMachinery 2024-12-31 05705233 ns5:FurnitureFittings 2024-12-31 05705233 ns5:PlantMachinery 2025-12-31 05705233 ns5:FurnitureFittings 2025-12-31 05705233 ns5:PlantMachinery 2024-12-31 05705233 ns5:FurnitureFittings 2024-12-31 05705233 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-12-31 05705233 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2025-01-01 2025-12-31 05705233 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2025-12-31 05705233 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-12-31 05705233 ns5:CostValuation 2024-12-31 05705233 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 05705233 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 05705233 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2025-12-31 05705233 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2024-12-31 05705233 ns5:HirePurchaseContracts ns5:BetweenOneFiveYears 2025-12-31 05705233 ns5:HirePurchaseContracts ns5:BetweenOneFiveYears 2024-12-31 05705233 ns5:HirePurchaseContracts 2025-12-31 05705233 ns5:HirePurchaseContracts 2024-12-31 05705233 ns5:WithinOneYear 2025-12-31 05705233 ns5:WithinOneYear 2024-12-31 05705233 ns10:OrdinaryShareClass1 2025-12-31 05705233 ns10:OrdinaryShareClass2 2025-12-31 05705233 ns10:OrdinaryShareClass3 2025-12-31

REGISTERED NUMBER: 05705233 (England and Wales)

Apodi Limited

Financial Statements for the Year Ended 31 December 2025

| Apodi Limited (Registered number: 05705233) |

Contents of the Financial Statements

for the year ended 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Apodi Limited |

Company Information

for the year ended 31 December 2025

| DIRECTORS: | G A Fachiri

| L Jeggo

| S Kerridge

| M Murphy

| S M Sunley

| A H Swift

| L R Swift

| H L Thomas

| SECRETARY: | L R Swift

| REGISTERED OFFICE: | One St Peters Road

| Maidenhead

| Berkshire

| SL6 7QU

| REGISTERED NUMBER: | 05705233 (England and Wales)

| ACCOUNTANTS: | Webb & Co Ltd

| Accountants and Business Advisers

| One New Street

| Wells

| Somerset

| BA5 2LA

| Apodi Limited (Registered number: 05705233) |

Balance Sheet

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 3 | 99,922 |  | 76,301 |  |

Investments | 4 | 2 |  | 2 |  |

99,924 |  | 76,303 |  |

CURRENT ASSETS

Stocks | 2,000 |  | 2,000 |  |

Debtors | 5 | 2,660,103 |  | 2,330,762 |  |

Cash at bank and in hand | 2,537,912 |  | 982,722 |  |

5,200,015 |  | 3,315,484 |  |

CREDITORS

Amounts falling due within one year | 6 | 3,564,085 |  | 2,237,225 |  |

NET CURRENT ASSETS | 1,635,930 |  | 1,078,259 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,735,854 |  | 1,154,562 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (27,575 | ) | (15,763 | ) |

PROVISIONS FOR LIABILITIES | (24,980 | ) | (19,075 | ) |

NET ASSETS | 1,683,299 |  | 1,119,724 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 259 |  | 259 |  |

Share premium | 493,598 |  | 493,598 |  |

Retained earnings | 1,189,442 |  | 625,867 |  |

SHAREHOLDERS' FUNDS | 1,683,299 |  | 1,119,724 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

| Apodi Limited (Registered number: 05705233) |

Balance Sheet - continued

31 December 2025

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 August 2026 and were signed on its behalf by:

L R Swift - Director

| Apodi Limited (Registered number: 05705233) |

Notes to the Financial Statements

for the year ended 31 December 2025

1. | ACCOUNTING POLICIES

| General information and 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.

| The company is a private company limited by shares, registered in England and Wales. The

| address of the registered office is One St Peter's Road, Maidenhead, Berkshire, SL6 7QU.

| The financial statements have been prepared on a going concern basis under the historical cost convention. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

| The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

| Significant judgements and estimates

| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future period where the revision affects both current and future periods.

| Critical Judgements

| The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

| Impairment of assets

| The tangible fixed assets are periodically reviewed for impairment by the directors based on their knowledge and judgements.

| Key sources of estimation uncertainty

| The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows;

| Depreciation and amortisation

| The directors use their knowledge of the business and the industry to estimate the useful life and residual value of tangible assets in order to arrive at applicable deprecation and amortisation rates. In accordance with section 17 of FRS 102, the directors review and update these estimates if there are indicators that current estimates should change.

| It must be noted that there is inherent uncertainty within these estimates as factors such as unexpected wear and tear, technological advancement and changes in market prices may result in future changes to the appropriate rate of deprecation.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

| Apodi Limited (Registered number: 05705233) |

Notes to the Financial Statements - continued

for the year ended 31 December 2025

| Turnover is recognised in the accounts based on one of the following criteria: retainers are recognised in the month to which they relates, placements are recognised in the month the placement starts and 12 month contracts are spread evenly over 12 months.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Work in progress

| Work in progress is valued at the costs incurred to date for projects not yet completed.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

| Foreign currencies

| 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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

| 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.

| Apodi Limited (Registered number: 05705233) |

Notes to the Financial Statements - continued

for the year ended 31 December 2025

2. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 106 (2024 - 98 ) .

3. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |

| machinery |  | fittings |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 160,283 |  | 8,312 |  | 168,595 |  |

| Additions | 56,541 |  | 1,662 |  | 58,203 |  |

| Disposals | (54,003 | ) | - |  | (54,003 | ) |

| At 31 December 2025 | 162,821 |  | 9,974 |  | 172,795 |  |

| DEPRECIATION

| At 1 January 2025 | 88,572 |  | 3,722 |  | 92,294 |  |

| Charge for year | 25,294 |  | 1,355 |  | 26,649 |  |

| Eliminated on disposal | (46,070 | ) | - |  | (46,070 | ) |

| At 31 December 2025 | 67,796 |  | 5,077 |  | 72,873 |  |

| NET BOOK VALUE

| At 31 December 2025 | 95,025 |  | 4,897 |  | 99,922 |  |

| At 31 December 2024 | 71,711 |  | 4,590 |  | 76,301 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

£ |

| COST

| At 1 January 2025 | 41,973 |  |

| Additions | 45,531 |  |

| Disposals | (10,476 | ) |

| At 31 December 2025 | 77,028 |  |

| DEPRECIATION

| At 1 January 2025 | 19,306 |  |

| Charge for year | 16,966 |  |

| Eliminated on disposal | (10,145 | ) |

| At 31 December 2025 | 26,127 |  |

| NET BOOK VALUE

| At 31 December 2025 | 50,901 |  |

| At 31 December 2024 | 22,667 |  |

| Apodi Limited (Registered number: 05705233) |

Notes to the Financial Statements - continued

for the year ended 31 December 2025

4. | FIXED ASSET INVESTMENTS

| Shares in

| group

| under-

| takings

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 2 |  |

| NET BOOK VALUE

| At 31 December 2025 | 2 |  |

| At 31 December 2024 | 2 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 2,596,460 |  | 2,249,207 |  |

| Other debtors | 63,643 |  | 81,555 |  |

2,660,103 |  | 2,330,762 |  |

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 8) | 22,490 |  | 15,681 |  |

| Trade creditors | 1,594,274 |  | 983,693 |  |

| Amounts owed to group undertakings | 106,956 |  | 19,413 |  |

| Taxation and social security | 1,485,906 |  | 846,695 |  |

| Other creditors | 354,459 |  | 371,743 |  |

3,564,085 |  | 2,237,225 |  |

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 8) | 27,575 |  | 15,763 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 22,490 |  | 15,681 |  |

| Between one and five years | 27,575 |  | 15,763 |  |

50,065 |  | 31,444 |  |

| Apodi Limited (Registered number: 05705233) |

Notes to the Financial Statements - continued

for the year ended 31 December 2025

8. | LEASING AGREEMENTS - continued

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 104,604 |  | 104,604 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 50,065 |  | 31,444 |  |

| A debenture is held with HSBC including a Fixed Charge over all present freehold and leasehold

| property; First Fixed Charge over book and other debts, chattels, goodwill and uncalled capital,

| both present and future; and First Floating Charge over all assets and undertaking both present

| and future dated 7 March 2008.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 102,000 | Ordinary A | 0.1p | 102 |  | 102 |  |

| 153,297 | Ordinary B | 0.1p | 153 |  | 153 |  |

| 4,000 | Ordinary C | 0.1p | 4 |  | 4 |  |

259 |  | 259 |  |