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SFL MOBILE RADIO LTD

Unaudited Financial Statements

for the Year Ended 31st December 2024






SFL MOBILE RADIO LTD (REGISTERED NUMBER: 12950300)






Contents of the Financial Statements
for the year ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SFL MOBILE RADIO LTD

Company Information
for the year ended 31st December 2024







DIRECTORS: K K Beach
S Landsborough





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





REGISTERED NUMBER: 12950300 (England and Wales)





ACCOUNTANTS: Haines Watts Wirral Limited
1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH

SFL MOBILE RADIO LTD (REGISTERED NUMBER: 12950300)

Balance Sheet
31st December 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 276,477 212,323
Debtors 4 82,160 29,841
Cash at bank 5,680 71,889
364,317 314,053
CREDITORS
Amounts falling due within one year 5 10,959 29,821
NET CURRENT ASSETS 353,358 284,232
TOTAL ASSETS LESS CURRENT LIABILITIES 353,358 284,232

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 353,258 284,132
353,358 284,232

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.

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 Statement of Income and Retained Earnings 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 LTD (REGISTERED NUMBER: 12950300)

Notes to the Financial Statements
for the year ended 31st December 2024

1. STATUTORY INFORMATION

SFL Mobile Radio 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.

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.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

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.

SFL MOBILE RADIO LTD (REGISTERED NUMBER: 12950300)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transition 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 only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to/from related parties.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,900 -
Amounts owed by group undertakings 75,399 29,341
Other debtors 3,861 500
82,160 29,841

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,453 1,703
Trade creditors 110 1,618
Amounts owed to group undertakings - 13,363
Taxation and social security 7,396 11,206
Other creditors - 1,931
10,959 29,821

6. RELATED PARTY DISCLOSURES

Included in debtors is the sum of £75,399 (2023 - £29,340) owing from SFL Mobile Radio Holdings Ltd, the ultimate holding company.

Included in creditors is the sum of £nil (2023 - £13,362) owing to SFL Radio Bank Limited, a company in which Mr K K Beach is also directors.

SFL MOBILE RADIO LTD (REGISTERED NUMBER: 12950300)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

7. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of SFL Mobile Radio Holdings Ltd (company no 03464048 registered in England and Wales).