RFMW UK LTD. - Accounts to registrar (filleted)

REGISTERED NUMBER: 03735878 (England and Wales)

RFMW UK LTD.

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

6

DIRECTORS:

B J Skipper

J I Levine

P F Saxby

S W Takaki

C Murton

W Carroll

SECRETARY:

C Murton

REGISTERED OFFICE:

Marlin Building

4 Sadler Road

Lincoln

Lincolnshire

LN6 3RS

REGISTERED NUMBER:

03735878 (England and Wales)

SENIOR STATUTORY AUDITOR:

Tara Bellamy FCA

AUDITORS:

Duncan & Toplis Audit Limited, Statutory Auditor

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Investments

4

1,184,522

CURRENT ASSETS

Inventories

613,304

352,598

Debtors

5

4,633,944

4,491,775

Cash at bank and in hand

793,519

1,338,439

6,040,767

6,182,812

CREDITORS

Amounts falling due within one year

6

2,600,715

3,141,199

NET CURRENT ASSETS

3,440,052

3,041,613

TOTAL ASSETS LESS CURRENT LIABILITIES

4,624,574

4,226,135

CAPITAL AND RESERVES

Called up share capital

8

1,875

Share premium

9

45,990

Capital redemption reserve

9

1,190

Retained earnings

9

4,575,519

4,177,080

SHAREHOLDERS' FUNDS

4,624,574

4,226,135

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 19 September 2025 and were signed on its behalf by:

C Murton - Director

1.	STATUTORY INFORMATION

RFMW UK 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 RFMW UK LTD. as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, TTI Inc, 2441 Northeast Parkway, Fort Worth, Texas, 76106-1816.

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.

Revenue recognition

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

Sale of goods

Revenue from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Interest receivable

Interest income is recognised upon the date on which it is received.

Other Income

Other income is management charges to a related party which is recognised in the period to which they relate to.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each statement of financial position date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the income statement.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

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 the income statement in the period to which they relate.

Leasing commitments

Rentals paid under operating leases are charged to income statement on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 28 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

1,184,522

NET BOOK VALUE

At 31 December 2024

1,184,522

At 31 December 2023

1,184,522

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Braemac Limited

Registered office: Braemac House, 1 Mandarin Court, Centre Park, Warrington, Cheshire, WA1 1GG

Nature of business: Sale of telecommunications parts

%

Class of shares:

holding

Ordinary

100.00

The shares in Braemac Ltd were acquired by RFMW UK on 1 January 2023.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

904,307

1,853,202

Amounts owed by group undertakings

3,658,105

2,632,176

Other debtors

71,532

6,397

4,633,944

4,491,775

Amounts owed by group undertakings that are due within one year are unsecured and are repayable on demand.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

168,221

343,861

Amounts owed to group undertakings

1,941,468

1,934,947

Taxation and social security

358,822

590,170

Other creditors

132,204

272,221

2,600,715

3,141,199

Amounts owed to group undertakings that are due within one year are unsecured and are repayable on demand.

7.	LEASING AGREEMENTS

As at 31 December 2024 the company had a total liability of £72,500 (2023: £102,500) in respect of the rental due on the remaining period of it's office lease.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

1,875

Ordinary shares

£1

1,875

9.

RESERVES

Capital

Retained

Share

redemption

earnings

premium

reserve

Totals

£

At 1 January 2024

4,177,080

45,990

1,190

4,224,260

Profit for the year

398,439

At 31 December 2024

4,575,519

45,990

1,190

4,622,699

a) Retained earnings

The retained earnings account represents cumulative profits and losses net of dividends and other adjustments.

b) Share premium

The share premium account represents the premium arising on the issue of shares net of issue costs.

c) Capital redemption reserve

The capital redemption reserve is a non-distributable reserve into which amounts are paid following a redemption or share buyback.

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

The Report of the Auditors was unqualified.

Tara Bellamy FCA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

11.	ULTIMATE PARENT COMPANY

The ultimate parent company is TTI Inc, a company incorporated in the United States of America.

Consolidated accounts are prepared for TTI Inc and its registered address is:

2441 Northeast Parkway

Fort Worth

Texas

76106-1816