Britox Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 15966791

		30 September 2025
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		28,567

			28,567
CURRENT ASSETS
Debtors	5	4,219
Cash at bank and in hand		3,548

		7,767
Creditors: Amounts Falling Due Within One Year	6	(39,745 )

NET CURRENT ASSETS (LIABILITIES)			(31,978 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(3,411 )

NET LIABILITIES			(3,411 )

CAPITAL AND RESERVES
Called up share capital	7		1
Profit and Loss Account			(3,412 )

SHAREHOLDERS' FUNDS			(3,411)

For the period ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his 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

Mr P F Bassett

Director

8 September 2026

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Britox Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15966791 . The registered office is 28 Boscobel Drive, Shrewsbury, Shropshire, SY1 3DR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared 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.

The financial statements have been prepared under the historical cost convention and on a going concern basis.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

2.2. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to nil on a straight line basis over their expected useful economic life of 10 years. Tangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the company will keep the asset and use it as a jig, or a working prototype that is deployed, rented or demonstrated for testing on an ongoing basis.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

2.3. 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:

Plant & Machinery	25% reducing balance
Computer Equipment	33% straight line

3. Average Number of Employees

Average number of employees, including directors, during the period was: NIL

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 19 September 2024	-	-	-
Additions	28,010	607	28,617

As at 30 September 2025	28,010	607	28,617

Depreciation
As at 19 September 2024	-	-	-
Provided during the period	-	50	50

As at 30 September 2025	-	50	50

Net Book Value
As at 30 September 2025	28,010	557	28,567

As at 19 September 2024	-	-	-

Page 2

Page 3

Britox Ltd

Notes to the Financial Statements (continued)

For the Period 19 September 2024 to 30 September 2025

Plant and Machinery includes development costs of a physical prototype product which was in development, a water hyper-oxygenation system for a number of applications. The costs have been capitalised because this prototype is a piece of equipment the company will keep and use for testing and demonstrating on an ongoing basis.

The costs can be measured reliably from project records.

The prototype went into testing during the next accounting period.

At this year end the asset was still in development and as such no depreciation has been recognised this period.

5. Debtors

	30 September 2025
	£
Due within one year
Other debtors	4,219

6. Creditors: Amounts Falling Due Within One Year

	30 September 2025
	£
Trade creditors	135
Other creditors	39,610

	39,745

7. Share Capital

	30 September 2025
	£
Allotted, Called up and fully paid	1

8. Financial Instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

9. Related Party Transactions

During the period Mr P F Bassett, director, invoiced the company and was paid £14,601 in respect of works undertaken to develop the prototype asset. During the period Mr P F Bassett, director, was also paid £299 in respect of out of pocket expenses.

During the period Ms F E Mitford-Slade, secretary, invoiced the company and was paid £3,600 in respect of works undertaken to develop the prototype asset.

Page 3

Page 4

Britox Ltd

Notes to the Financial Statements (continued)

For the Period 19 September 2024 to 30 September 2025

10. Going Concern

The financial statements have been prepared on a going concern basis. At the balance sheet date the company had net liabilities of £3,411.

The company has historically relied on financial support from an investor to meet its liabilities as they fall due. The company is currently seeking further investment to fund the continued development of its prototype product(s) through to market, and discussions with potential investors are ongoing at the date of approval of these financial statements.

The director has a reasonable expectation, based on ongoing negotiations, that adequate funding will be secured to enable the company to continue operating for the foreseeable future, and for this reason continue to adopt the going concern basis in preparing these financial statements.

Page 4