REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 December 2024 |
for |
CELLULAR TECHNOLOGY EUROPE LIMITED |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 December 2024 |
for |
CELLULAR TECHNOLOGY EUROPE LIMITED |
CELLULAR TECHNOLOGY EUROPE LIMITED (REGISTERED NUMBER: 05591371) |
Contents of the Financial Statements |
for the Year Ended 31 December 2024 |
Page |
Statement of Financial Position | 1 |
Notes to the Financial Statements | 2 |
CELLULAR TECHNOLOGY EUROPE LIMITED (REGISTERED NUMBER: 05591371) |
Statement of Financial Position |
31 December 2024 |
31.12.24 | 31.12.23 |
Notes | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the Board of Directors and authorised for issue on |
CELLULAR TECHNOLOGY EUROPE LIMITED (REGISTERED NUMBER: 05591371) |
Notes to the Financial Statements |
for the Year Ended 31 December 2024 |
1. | STATUTORY INFORMATION |
Cellular Technology Europe Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05591371 and the registered office address is 7 Marconi Gate, Staffordshire Technology Park, Stafford, Staffordshire, ST18 0FZ. The business trading address is Suite 6, 35 Lonsdale Road, Harborne, Birmingham. B17 9RA. |
The presentation of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on the going concern basis and under the historical cost convention. |
Significant judgements and estimates |
The preparation of the financial statements in conformity with generally accepted accounting principles requires the Directors to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results in the future could differ from those estimates. Management considers that certain accounting assumptions relating to revenue, taxation, stock and provisions are its critical accounting policies. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised when the goods are physically delivered to the customer. |
Tangible fixed assets |
Improvements to property | - |
Plant and machinery | - |
Computer equipment | - |
Stocks |
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete to sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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 |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
CELLULAR TECHNOLOGY EUROPE LIMITED (REGISTERED NUMBER: 05591371) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
3. | ACCOUNTING POLICIES - continued |
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. |
Going concern |
Brexit continues to have only minor impact on the business, as stock is based in The Netherlands (Rapid Logistics) and UK customer base is very small. |
The 2024 results for Cellular Technology Europe were solid without major supply of goods issues. Order levels remain steady in 2025, with sufficient material to service this. |
The directors do not consider that a material uncertainty about the going concern status exists. The company has continued to prepare the accounts on a going concern basis and deem this to be appropriate. |
In making this assessment the directors have considered the likely trading conditions for a period of twelve months from approval of these accounts. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
5. | TANGIBLE FIXED ASSETS |
Improvements |
to | Plant and | Computer |
property | machinery | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 January 2024 |
Disposals | ( |
) | ( |
) | ( |
) |
At 31 December 2024 |
DEPRECIATION |
At 1 January 2024 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
At 31 December 2023 |
CELLULAR TECHNOLOGY EUROPE LIMITED (REGISTERED NUMBER: 05591371) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.12.23 |
£ | £ |
Trade debtors |
Other debtors |
VAT |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.12.23 |
£ | £ |
Parent company loan | - | 23,566 |
Trade creditors |
Social security and other taxes |
Accrued expenses |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.24 | 31.12.23 |
value: | £ | £ |
Ordinary | £1 | 1,000 | 1,000 |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
10. | OTHER FINANCIAL COMMITMENTS |
The company has future operating lease commitments of £13,416.67 (2023: £Nil) of which £11,500 (2023: |
£Nil) is due within one year. |
11. | RELATED PARTY DISCLOSURES |
During the year, the company sold goods totalling £Nil (2023 - £Nil) and purchased goods totalling £192,495.26 (2023 - £202,866) from Cellular Technology International Inc (incorporated in the USA), the parent company. As at the 31 December 2024 £28,226 (2023 - £61,463) was due to Cellular Technology International Inc, the parent company. |
Transactions between Cellular Technology Europe Limited and Cellular Technology International Inc are conducted on commercial terms at arms length prices. |
CELLULAR TECHNOLOGY EUROPE LIMITED (REGISTERED NUMBER: 05591371) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
12. | ULTIMATE CONTROLLING PARTY |
The controlling party is Cellular Technology International Inc. |
Cellular Technology International Inc, is the parent company and is registered in the USA. The registered office and principal place of business is 1690 Roberts Blvd, Suite 118 Kennesaw, Georgia 30144, USA. |