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REGISTERED NUMBER: 05591371 (England and Wales)















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 1,796 2,528

CURRENT ASSETS
Stocks 315,310 631,945
Debtors 6 143,698 113,312
Cash at bank 75,106 9,822
534,114 755,079
CREDITORS
Amounts falling due within one year 7 156,938 340,846
NET CURRENT ASSETS 377,176 414,233
TOTAL ASSETS LESS CURRENT
LIABILITIES

378,972

416,761

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 377,972 415,761
SHAREHOLDERS' FUNDS 378,972 416,761

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 Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by:




J Hickl - Director



Mr D Spicher - Director


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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 50% on cost
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on reducing balance

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 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 January 2024 4,199 14,174 6,324 24,697
Disposals (4,199 ) - (995 ) (5,194 )
At 31 December 2024 - 14,174 5,329 19,503
DEPRECIATION
At 1 January 2024 4,199 12,758 5,212 22,169
Charge for year - 354 368 722
Eliminated on disposal (4,199 ) - (985 ) (5,184 )
At 31 December 2024 - 13,112 4,595 17,707
NET BOOK VALUE
At 31 December 2024 - 1,062 734 1,796
At 31 December 2023 - 1,416 1,112 2,528

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 135,114 104,963
Other debtors 7,020 4,337
VAT 542 2,156
Prepayments 1,022 1,856
143,698 113,312

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Parent company loan - 23,566
Trade creditors 110,447 261,329
Social security and other taxes 3,421 3,360
Accrued expenses 43,070 52,591
156,938 340,846

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Adele Lawton (Senior Statutory Auditor)
for and on behalf of Lawton Bradford Accountants Ltd

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.