Meteor Communications (Europe) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01995610 (England and Wales)

Directors' Report and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Meteor Communications (Europe) Limited

Page

Company Information

1

Directors' Report

2

Chartered Accountants' Report

3

Statement of Financial Position

4

Notes to the Financial Statements

6

DIRECTORS:

M Dibbs

T P Wilson

A J Scott

SECRETARY:

M Dibbs

REGISTERED OFFICE:

Orion House

Alban Park

Hatfield Road

St. Albans

Hretfordshire

AL4 0JJ

REGISTERED NUMBER:

01995610 (England and Wales)

ACCOUNTANTS:

DUX Advisory Limited

Chartered Accountants

Kennel Club House

Gatehouse Way

Aylesbury

Buckinghamshire

HP19 8DB

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

M Dibbs

T P Wilson

A J Scott

CHARITABLE DONATIONS AND EXPENDITURE

The Company has made charitable donations in the year totalling £6,460 (24 - £2,436)

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

M Dibbs - Director

27 October 2025

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Meteor Communications (Europe) Limited for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Meteor Communications (Europe) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Meteor Communications (Europe) Limited and state those matters that we have agreed to state to the Board of Directors of Meteor Communications (Europe) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Meteor Communications (Europe) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Meteor Communications (Europe) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Meteor Communications (Europe) Limited. You consider that Meteor Communications (Europe) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Meteor Communications (Europe) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

DUX Advisory Limited

Chartered Accountants

Kennel Club House

Gatehouse Way

Aylesbury

Buckinghamshire

HP19 8DB

27 October 2025

FIXED ASSETS

Tangible assets

5

4,578,863

4,750,966

Investments

6

24,295

4,603,158

4,775,261

CURRENT ASSETS

Stocks

322,403

234,774

Debtors

7

2,276,948

1,831,544

Cash at bank and in hand

3,454,882

2,123,630

6,054,233

4,189,948

CREDITORS

Amounts falling due within one year

8

3,714,691

3,345,767

NET CURRENT ASSETS

2,339,542

844,181

TOTAL ASSETS LESS CURRENT LIABILITIES

6,942,700

5,619,442

CREDITORS

Amounts falling due after more than one year

9

1,020,556

1,093,889

NET ASSETS

5,922,144

4,525,553

CAPITAL AND RESERVES

Called up share capital

237,308

Capital redemption reserve

70,694

Retained earnings

5,614,142

4,217,551

SHAREHOLDERS' FUNDS

5,922,144

4,525,553

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 27 October 2025 and were signed on its behalf by:

M Dibbs - Director

1.	GENERAL INFORMATION

Meteor Communications (Europe) Limited 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on cost, 25% on reducing balance, 20% straight line and 10% on cost

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 statement of financial position date.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2024 - 20 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2024

4,038,013

1,974,740

6,012,753

Additions

-

928,860

Disposals

(580,660

)

(71,379

)

(652,039

)

At 31 March 2025

3,457,353

2,832,221

6,289,574

DEPRECIATION

At 1 April 2024

112,756

1,149,031

1,261,787

Charge for year

47,946

495,772

543,718

Eliminated on disposal

(50,492

)

(44,302

)

(94,794

)

At 31 March 2025

110,210

1,600,501

1,710,711

NET BOOK VALUE

At 31 March 2025

3,347,143

1,231,720

4,578,863

At 31 March 2024

3,925,257

825,709

4,750,966

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

24,295

NET BOOK VALUE

At 31 March 2025

24,295

At 31 March 2024

24,295

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

MTRComs GmbH

Registered office: Albert-Einstein-Strasse 1, 49076 Osnabrück, GERMANY

Nature of business: Sales & development of remote monitoring systems

%

Class of shares:

holding

Ordinary

100.00

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

2,050,787

1,403,449

Amounts owed by group undertakings

55,789

Other debtors

170,372

372,306

2,276,948

1,831,544

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

563,183

112,200

Taxation and social security

681,142

311,260

Other creditors

2,470,366

2,922,307

3,714,691

3,345,767

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Bank loans

1,020,556

1,093,889

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,020,556

1,093,889

10.	OFF-BALANCE SHEET ARRANGEMENTS

Handelsbanken PLC holds a fixed charge over land at Alban Park, Hatfield Road, St Albans AL4 0JJ. The charge contains a negative pledge.