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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: K K Beach
S Landsborough





REGISTERED OFFICE: 1 Abbots Quay
Monks Ferry
Birkenhead
Wirral
CH41 5LH





REGISTERED NUMBER: 03464048 (England and Wales)





ACCOUNTANTS: Haines Watts Wirral Limited
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 1,144 2,287
Tangible assets 5 1,466,148 1,362,134
Investments 6 1,200,400 982,400
2,667,692 2,346,821

CURRENT ASSETS
Debtors 7 1,027,015 1,184,670
Cash at bank and in hand 953,335 536,124
1,980,350 1,720,794
CREDITORS
Amounts falling due within one year 8 2,018,563 1,439,130
NET CURRENT (LIABILITIES)/ASSETS (38,213 ) 281,664
TOTAL ASSETS LESS CURRENT LIABILITIES 2,629,479 2,628,485

PROVISIONS FOR LIABILITIES 211,450 144,919
NET ASSETS 2,418,029 2,483,566

CAPITAL AND RESERVES
Called up share capital 65 100
Capital redemption reserve 10 65 30
Retained earnings 10 2,417,899 2,483,436
SHAREHOLDERS' FUNDS 2,418,029 2,483,566

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

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

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 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 25th June 2025 and were signed on its behalf by:





K K Beach - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. 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.

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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 15% on cost
Office equipment - 15% on cost
Radio equipment - 15% on cost
Motor vehicles - 15% on cost

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 3 (2023 - 3 ) .

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 5,716
AMORTISATION
At 1st January 2024 3,429
Charge for year 1,143
At 31st December 2024 4,572
NET BOOK VALUE
At 31st December 2024 1,144
At 31st December 2023 2,287

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Office
property property equipment
£    £    £   
COST
At 1st January 2024 466,349 296,046 356,277
Additions - - 49,647
Disposals - - -
At 31st December 2024 466,349 296,046 405,924
DEPRECIATION
At 1st January 2024 2,317 201,119 254,388
Charge for year 9,327 34,402 45,363
Eliminated on disposal - - -
At 31st December 2024 11,644 235,521 299,751
NET BOOK VALUE
At 31st December 2024 454,705 60,525 106,173
At 31st December 2023 464,032 94,927 101,889

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 1,871,708 60,030 3,050,410
Additions 339,888 34,340 423,875
Disposals (84,474 ) - (84,474 )
At 31st December 2024 2,127,122 94,370 3,389,811
DEPRECIATION
At 1st January 2024 1,184,016 46,436 1,688,276
Charge for year 199,304 8,497 296,893
Eliminated on disposal (61,506 ) - (61,506 )
At 31st December 2024 1,321,814 54,933 1,923,663
NET BOOK VALUE
At 31st December 2024 805,308 39,437 1,466,148
At 31st December 2023 687,692 13,594 1,362,134

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2024 982,400
Additions 250,000
Disposals (32,000 )
At 31st December 2024 1,200,400
NET BOOK VALUE
At 31st December 2024 1,200,400
At 31st December 2023 982,400

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 914,776 895,622
Amounts owed by group undertakings - 144,982
Other debtors 112,239 144,066
1,027,015 1,184,670

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 - 131,186
Hire purchase contracts - 3,250
Trade creditors 1,048,321 804,362
Amounts owed to group undertakings 557,229 332,833
Taxation and social security 125,947 132,063
Other creditors 287,066 35,436
2,018,563 1,439,130

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 131,186
Hire purchase contracts - 3,250
- 134,436

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 2,483,436 30 2,483,466
Profit for the year 942,463 942,463
Dividends (3,000 ) (3,000 )
Purchase of own shares (1,005,000 ) 35 (1,004,965 )
At 31st December 2024 2,417,899 65 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.