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REGISTERED NUMBER: 02187609 (England and Wales)

Financial Statements for the Year Ended 30 November 2024

for

Smith Myers Communications Limited

Smith Myers Communications Limited (Registered number: 02187609)

Contents of the Financial Statements

for the Year Ended 30 November 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

Smith Myers Communications Limited

Company Information

for the Year Ended 30 November 2024

| DIRECTORS: | Mr P J Myers

| Mr A Munro

| Mr N Herbert

| Mr J Gillespie

| Mr S Alford

| SECRETARY: | Mr P J Myers

| REGISTERED OFFICE: | The Omega Centre

| Stratton Business Park

| London Road

| Biggleswade

| Bedfordshire

| SG18 8QB

| REGISTERED NUMBER: | 02187609 (England and Wales)

| AUDITORS: | GH Audit Limited

| Brigham House

| 93 High Street

| Biggleswade

| Bedfordshire

| SG18 0LD

Smith Myers Communications Limited (Registered number: 02187609)

Balance Sheet

30 November 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 59,424 |  | 19,059 |  |

CURRENT ASSETS

Stocks | 3,657,628 |  | 3,762,919 |  |

Debtors | 6 | 2,385,510 |  | 784,314 |  |

Cash at bank and in hand | 1,475,638 |  | 3,087,195 |  |

7,518,776 |  | 7,634,428 |  |

CREDITORS

Amounts falling due within one year | 7 | 328,055 |  | 857,427 |  |

NET CURRENT ASSETS | 7,190,721 |  | 6,777,001 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 7,250,145 |  | 6,796,060 |  |

PROVISIONS FOR LIABILITIES | 14,019 |  | 3,744 |  |

NET ASSETS | 7,236,126 |  | 6,792,316 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 94 |  | 94 |  |

Share premium | 5,394 |  | 5,394 |  |

Retained earnings | 7,230,638 |  | 6,786,828 |  |

SHAREHOLDERS' FUNDS | 7,236,126 |  | 6,792,316 |  |

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 31 October 2025 and were signed on its behalf by:

Mr S Alford - Director

Smith Myers Communications Limited (Registered number: 02187609)

Notes to the Financial Statements

for the Year Ended 30 November 2024

1. | STATUTORY INFORMATION

| Smith Myers Communications 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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

| Sale of goods

| Turnover from the sale of products, being both cellular test equipment and search and rescue equipment, 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 or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

| 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 and 20% on cost

| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Stocks

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

| Debtors and creditors receivable / payable within one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

| 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.

Smith Myers Communications Limited (Registered number: 02187609)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2024

3. | 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.

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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 profit or loss in the period to which they relate.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 29 (2023 - 28 ) .

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 December 2023 | 125,683 |  | 598,424 |  | 724,107 |  |

| Additions | 35,833 |  | 15,178 |  | 51,011 |  |

| At 30 November 2024 | 161,516 |  | 613,602 |  | 775,118 |  |

| DEPRECIATION

| At 1 December 2023 | 125,683 |  | 579,365 |  | 705,048 |  |

| Charge for year | 2,821 |  | 7,825 |  | 10,646 |  |

| At 30 November 2024 | 128,504 |  | 587,190 |  | 715,694 |  |

| NET BOOK VALUE

| At 30 November 2024 | 33,012 |  | 26,412 |  | 59,424 |  |

| At 30 November 2023 | - |  | 19,059 |  | 19,059 |  |

Smith Myers Communications Limited (Registered number: 02187609)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2024

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 2,174,259 |  | 713,157 |  |

| Other debtors | 211,251 |  | 71,157 |  |

2,385,510 |  | 784,314 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | - |  | 56,739 |  |

| Trade creditors | 64,233 |  | 175,490 |  |

| Taxation and social security | 212,650 |  | 572,877 |  |

| Other creditors | 51,172 |  | 52,321 |  |

328,055 |  | 857,427 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2024 | 2023 |

£ | £ |

| Within one year | 56,000 |  | 56,000 |  |

| Between one and five years | 126,000 |  | 182,000 |  |

182,000 |  | 238,000 |  |

9. | SECURED DEBTS

| The company's bank has a fixed and floating charge over the assets of the company.

10. | CALLED UP SHARE CAPITAL

| Allotted and issued:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 94 | Share capital 1 | £1 | 94 |  | 94 |  |

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

| The Report of the Auditors was unqualified.

| Colin Airey FCCA (Senior Statutory Auditor)

| for and on behalf of GH Audit Limited