IRIS Accounts Production v24.3.2.46 03772881 director 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037728812023-12-31037728812024-12-31037728812024-01-012024-12-31037728812022-12-31037728812023-01-012023-12-31037728812023-12-3103772881ns15:EnglandWales2024-01-012024-12-3103772881ns14:PoundSterling2024-01-012024-12-3103772881ns10:Director12024-01-012024-12-3103772881ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3103772881ns10:SmallEntities2024-01-012024-12-3103772881ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3103772881ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3103772881ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3103772881ns10:FullAccounts2024-01-012024-12-3103772881ns10:RegisteredOffice2024-01-012024-12-3103772881ns5:CurrentFinancialInstruments2024-12-3103772881ns5:CurrentFinancialInstruments2023-12-3103772881ns5:ShareCapital2024-12-3103772881ns5:ShareCapital2023-12-3103772881ns5:RetainedEarningsAccumulatedLosses2024-12-3103772881ns5:RetainedEarningsAccumulatedLosses2023-12-3103772881ns5:LandBuildingsns5:ShortLeaseholdAssets2024-01-012024-12-3103772881ns5:PlantMachinery2024-01-012024-12-3103772881ns5:FurnitureFittings2024-01-012024-12-3103772881ns5:MotorVehicles2024-01-012024-12-3103772881ns5:LandBuildingsns5:ShortLeaseholdAssets2023-12-3103772881ns5:PlantMachinery2023-12-3103772881ns5:FurnitureFittings2023-12-3103772881ns5:MotorVehicles2023-12-3103772881ns5:LandBuildingsns5:ShortLeaseholdAssets2024-12-3103772881ns5:PlantMachinery2024-12-3103772881ns5:FurnitureFittings2024-12-3103772881ns5:MotorVehicles2024-12-3103772881ns5:LandBuildingsns5:ShortLeaseholdAssets2023-12-3103772881ns5:PlantMachinery2023-12-3103772881ns5:FurnitureFittings2023-12-3103772881ns5:MotorVehicles2023-12-3103772881ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3103772881ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 03772881 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

COMTEC ENTERPRISES LIMITED

COMTEC ENTERPRISES LIMITED (REGISTERED NUMBER: 03772881)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COMTEC ENTERPRISES LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: N D Claxson





REGISTERED OFFICE: Comtec House
46a Albert Road North
Reigate
Surrey
RH2 9EL





REGISTERED NUMBER: 03772881 (England and Wales)





ACCOUNTANTS: Galloways Accounting
First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY

COMTEC ENTERPRISES LIMITED (REGISTERED NUMBER: 03772881)

Balance Sheet
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 273,175 299,441

CURRENT ASSETS
Stocks 334,814 341,339
Debtors 4 1,111,749 905,564
Cash at bank 50,170 100,000
1,496,733 1,346,903
CREDITORS
Amounts falling due within one year 5 1,798,370 1,822,817
NET CURRENT LIABILITIES (301,637 ) (475,914 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(28,462

)

(176,473

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (28,464 ) (176,475 )
(28,462 ) (176,473 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 20 March 2025 and were signed by:





N D Claxson - Director


COMTEC ENTERPRISES LIMITED (REGISTERED NUMBER: 03772881)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024


1. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The revenue from support contracts is recognised over the term of the contract.

For contracts that provide services where the company has partially performed its contractual obligations, the company recognises revenue to the extent that it has obtained the right to consideration through its performance.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold Property - Over the term of the lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost

Stocks and work in progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Work in progress relates to costs incurred for long term projects that complete in future periods, valued at the amount deemed recoverable.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over the estimated selling price less costs to complete and sell is recognised as an impairment loss in the profit and loss. Reversals of impairment losses are also recognised in the profit and loss.

Hire purchase and leasing commitments
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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 24 ) .

COMTEC ENTERPRISES LIMITED (REGISTERED NUMBER: 03772881)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Motor
Property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 237,909 165,290 434,003 3,000 840,202
Additions - - 1,752 - 1,752
At 31 December 2024 237,909 165,290 435,755 3,000 841,954
DEPRECIATION
At 1 January 2024 32,460 158,722 346,579 3,000 540,761
Charge for year 2,403 1,818 23,797 - 28,018
At 31 December 2024 34,863 160,540 370,376 3,000 568,779
NET BOOK VALUE
At 31 December 2024 203,046 4,750 65,379 - 273,175
At 31 December 2023 205,449 6,568 87,424 - 299,441

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 545,327 419,277
Amounts owed by group undertakings 498,655 420,226
Other debtors 35,839 32,800
Prepayments 31,928 33,261
1,111,749 905,564

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 869,573 576,180
Tax 89 -
Social security and other taxes 188,294 227,897
Other creditors 268,755 519,963
Directors' current accounts 364,108 384,194
Deferred income 51,604 71,711
Accrued expenses 55,947 42,872
1,798,370 1,822,817

6. RELATED PARTY DISCLOSURES

The following amounts were outstanding at the reporting end date:

2024 2023

Other related parties 44,876 27,062

7. GOING CONCERN

The director has paid particular attention to the likely effects on the business of the current wider economic uncertainty and remains confident that sufficient funding is in place and that the company has adequate resources to enable the company to continue as a going concern for the foreseeable future.