Registration number: 04824597

C-Probe Systems Limited

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 11

C-Probe Systems Limited

(Registration number: 04824597)
Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	14,449	16,857
Tangible assets	5	14,386	49,848
		28,835	66,705
Current assets
Stocks	6	32,481	33,003
Debtors	7	947,926	817,983
Cash at bank and in hand		41	55
		980,448	851,041
Creditors: Amounts falling due within one year	8	(1,156,178)	(1,057,276)
Net current liabilities		(175,730)	(206,235)
Total assets less current liabilities		(146,895)	(139,530)
Creditors: Amounts falling due after more than one year	8	(47,804)	(108,103)
Provisions for liabilities		(12,887)	(12,887)
Net liabilities		(207,586)	(260,520)
Capital and reserves
Called up share capital		100	100
Retained earnings		(207,686)	(260,620)
Shareholders' deficit		(207,586)	(260,520)

C-Probe Systems Limited

(Registration number: 04824597)
Statement of Financial Position as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 29 September 2025 and signed on its behalf by:
 

......................................... Mr G Jones Director

......................................... Mr S C Davis Director

C-Probe Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2
Sherdley Road Industrial Estate
Wharton Street
St Helens
Lancashire
WA9 5AA

These financial statements were authorised for issue by the Board on 29 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has a good working relationship with its creditors and received assurances from the parent company that it will continue to give financial support to the company for twelve months from the date of signing these financial statements.

On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. However, should the financial support mentioned above not be forthcoming the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants receivable are released to the profit and loss account on the accruals basis.

C-Probe Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Other grants

Grants receivable are released to the profit and loss account on the accruals basis.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office Equipment	25% Straight line
Plant and test equipment	25% Straight line
Furniture and fixtures	25% Straight line

Development costs

Development expenditure incurred on an individual project is carried forward when it's future recoverability can reasonably be regarded as assured. Any expenditure carried forward is amortised in line with the expected future sales from the related project.

License fees are capitalised on the balance sheet and amortised over the period of each license.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Licence fee	10% Straight line
Development costs	50% Straight line

C-Probe Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

C-Probe Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the statement of financial position. The corresponding dividends relating to the liability component are charged as interest expense in the income statement,
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 5).

C-Probe Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Intangible assets

	Internally generated software development costs  £	Total £
Cost or valuation
At 1 January 2024	179,175	179,175
At 31 December 2024	179,175	179,175
Amortisation
At 1 January 2024	162,318	162,318
Amortisation charge	2,408	2,408
At 31 December 2024	164,726	164,726
Carrying amount
At 31 December 2024	14,449	14,449
At 31 December 2023	16,857	16,857

5	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 January 2024	2,586	193,231	30,133	225,950
At 31 December 2024	2,586	193,231	30,133	225,950
Depreciation
At 1 January 2024	2,586	143,568	29,948	176,102
Charge for the year	-	35,277	185	35,462
At 31 December 2024	2,586	178,845	30,133	211,564
Carrying amount
At 31 December 2024	-	14,386	-	14,386
At 31 December 2023	-	49,663	185	49,848

6

Stocks

	2024 £	2023 £
Other inventories	32,481	33,003

C-Probe Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Debtors

Current	Note	2024 £	2023 £
Trade debtors		82,336	81,813
Amounts owed by related parties	10	125	125
Prepayments		231,064	232,917
Other debtors		634,401	503,128
		947,926	817,983

C-Probe Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	65,852	66,550
Trade creditors		95,565	115,294
Amounts owed to group undertakings and undertakings in which the company has a participating interest	10	575,677	496,697
Taxation and social security		326,073	248,296
Accruals and deferred income		-	53,003
Other creditors		93,011	77,436
		1,156,178	1,057,276

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	9	47,804	108,103

9	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	33,983	70,650
Hire purchase contracts	13,821	37,453
	47,804	108,103

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	40,229	40,229
Bank overdrafts	1,990	2,688
Hire purchase contracts	23,633	23,633
	65,852	66,550

C-Probe Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

10	Related party transactions

Transactions with directors

2024	At 1 January 2024 £	Advances to director £	At 31 December 2024 £
Mr G Jones
Amounts advanced	342,121	42,769	384,890
Interest charged	37,209	9,016	46,225
	-	-	-
	379,330	51,785	431,115
Mr S C Davis
Amounts advanced	50,512	35,034	85,546
Interest charged	4,325	1,628	5,953
	-	-	-
	54,837	36,662	91,499

2023	At 1 January 2023 £	Advances to director £	At 31 December 2023 £
Mr G Jones
Amounts advanced	308,277	33,844	342,121
Interest charged	30,103	7,106	37,209
	-	-	-
	338,380	40,950	379,330
Mr S C Davis
Amounts advanced	45,684	4,828	50,512
Interest charged	3,297	1,028	4,325
	-	-	-
	48,981	5,856	54,837

C-Probe Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

11	Parent and ultimate parent undertaking

The company's immediate parent is C-Probe Group Limited, incorporated in England and Wales.

  These financial statements are available upon request from Unit 2 Sherdley Road Industrial Estate, Wharton Street, St Helens, Lancashire, England, WA9 5AA