SFL MOBILE RADIO HOLDINGS LTD |
Unaudited Financial Statements |
for the Year Ended 31st December 2024 |
SFL MOBILE RADIO HOLDINGS LTD |
Unaudited Financial Statements |
for the Year Ended 31st December 2024 |
SFL MOBILE RADIO HOLDINGS LTD (REGISTERED NUMBER: 03464048) |
Contents of the Financial Statements |
for the year ended 31st December 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
SFL MOBILE RADIO HOLDINGS LTD |
Company Information |
for the year ended 31st December 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
1 Abbots Quay |
Monks Ferry |
Birkenhead |
Merseyside |
CH41 5LH |
SFL MOBILE RADIO HOLDINGS LTD (REGISTERED NUMBER: 03464048) |
Balance Sheet |
31st December 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Capital redemption reserve | 10 |
Retained earnings | 10 |
SHAREHOLDERS' FUNDS |
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. |
SFL MOBILE RADIO HOLDINGS LTD (REGISTERED NUMBER: 03464048) |
Balance Sheet - continued |
31st December 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
SFL MOBILE RADIO HOLDINGS LTD (REGISTERED NUMBER: 03464048) |
Notes to the Financial Statements |
for the year ended 31st December 2024 |
1. | STATUTORY INFORMATION |
SFL Mobile Radio Holdings Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about SFL Mobile Radio Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Significant judgements and estimates |
Preparation of the financial statements requires management to make significant judgements and estimates. |
The areas in the financial statements where these judgements and estimates have been made include: |
The useful economic lives and residual values of fixed assets are assessed by management on a timely basis. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Improvements to property | - |
Office equipment | - |
Radio equipment | - |
Motor vehicles | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
SFL MOBILE RADIO HOLDINGS LTD (REGISTERED NUMBER: 03464048) |
Notes to the Financial Statements - continued |
for the year ended 31st December 2024 |
2. | ACCOUNTING POLICIES - continued |
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. |
Finance costs |
Finance costs are recognised in the period in which they are incurred. |
Debtors |
Short term debtors are measured at transaction price, less any impairment. Loans are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. |
Cash and cash equivalents |
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. |
Creditors |
Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
Financial instruments |
The company enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
Debtors, creditors and directors loans (being repayable on demand) are measured at the undiscounted amount of cash or other consideration expected to be paid. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
SFL MOBILE RADIO HOLDINGS LTD (REGISTERED NUMBER: 03464048) |
Notes to the Financial Statements - continued |
for the year ended 31st December 2024 |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 1st January 2024 |
and 31st December 2024 |
AMORTISATION |
At 1st January 2024 |
Charge for year |
At 31st December 2024 |
NET BOOK VALUE |
At 31st December 2024 |
At 31st December 2023 |
5. | TANGIBLE FIXED ASSETS |
Improvements |
Freehold | to | Office |
property | property | equipment |
£ | £ | £ |
COST |
At 1st January 2024 |
Additions |
Disposals |
At 31st December 2024 |
DEPRECIATION |
At 1st January 2024 |
Charge for year |
Eliminated on disposal |
At 31st December 2024 |
NET BOOK VALUE |
At 31st December 2024 |
At 31st December 2023 |
SFL MOBILE RADIO HOLDINGS LTD (REGISTERED NUMBER: 03464048) |
Notes to the Financial Statements - continued |
for the year ended 31st December 2024 |
5. | TANGIBLE FIXED ASSETS - continued |
Radio | Motor |
equipment | vehicles | Totals |
£ | £ | £ |
COST |
At 1st January 2024 |
Additions |
Disposals | ( |
) | ( |
) |
At 31st December 2024 |
DEPRECIATION |
At 1st January 2024 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31st December 2024 |
NET BOOK VALUE |
At 31st December 2024 |
At 31st December 2023 |
6. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1st January 2024 |
Additions |
Disposals | ( |
) |
At 31st December 2024 |
NET BOOK VALUE |
At 31st December 2024 |
At 31st December 2023 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
SFL MOBILE RADIO HOLDINGS LTD (REGISTERED NUMBER: 03464048) |
Notes to the Financial Statements - continued |
for the year ended 31st December 2024 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Bank loans |
Hire purchase contracts | - | 3,250 |
Hire purchase liabilities are secured by the underlying assets to which it relates. |
10. | RESERVES |
Capital |
Retained | redemption |
earnings | reserve | Totals |
£ | £ | £ |
At 1st January 2024 | 2,483,466 |
Profit for the year |
Dividends | ( |
) | ( |
) |
Purchase of own shares | (1,005,000 | ) | 35 | (1,004,965 | ) |
At 31st December 2024 | 2,417,964 |
SFL MOBILE RADIO HOLDINGS LTD (REGISTERED NUMBER: 03464048) |
Notes to the Financial Statements - continued |
for the year ended 31st December 2024 |
11. | RELATED PARTY DISCLOSURES |
Included in debtors is the sum of £56,720 (2023 - £101,910) owing from Sure Business Ltd, a company in which K K Beach, S Landsbourough and N D Owens are directors and shareholders. |
Included in debtors is the sum of £nil (2023 - £144,982) owing from CAE Services (Northern) Limited, a company in which K K Beach and B W Davin are directors and shareholders. |
Included in creditors is the sum of £75,399 (2023 - £29,340) owing to SFL Mobile Radio Limited, a company in which K K Beach and S Landsbourough are also directors and shareholders. |
Included in creditors is the sum of £476,358 (2023 - £301,985) owing to SFL Radio Bank Ltd, a company in which K K Beach and S Landsbourough are also directors and shareholders. |
Included in creditors is the sum of £5,472 (2023 - £1,506) owing to Sure Antennas Ltd, a company in which K K Beach and S Landsbourough are also directors and shareholders. |
Included in other creditors are the sums of £125,000 (2023 - £nil) and £125,000 (2023 - £nil) owing to K K Beach and S Landsborough, company directors and shareholders, in relation to monies lent to the company. |