Submex Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 1240117

Submex Limited

Filleted Unaudited Financial Statements

31 March 2025

Submex Limited

Financial Statements

Year ended 31 March 2025

Contents	Pages

Statement of financial position	1

Notes to the financial statements	2 to 5

Submex Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	210,182	215,222
Unlisted investments	5	1	1
		---------	---------
		210,183	215,223

Current assets

Stocks		9,565	4,800
Debtors	6	943	647
Cash at bank and in hand		870	1,296
		--------	-------
		11,378	6,743

Creditors: amounts falling due within one year	7	( 52,555)	( 50,935)
		--------	--------
Net current liabilities		( 41,177)	( 44,192)
		---------	---------
Total assets less current liabilities		169,006	171,031
		---------	---------

Capital and reserves

Called up share capital	8	4,475	4,475
Profit and loss account		164,531	166,556
		---------	---------
Shareholders funds		169,006	171,031
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 11 September 2025 , and are signed on behalf of the board by:

Mrs E.A. Bevan
Director

Company registration number: 1240117

Submex Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 49 Hill Court, 13-17 Putney Hill, Putney, London, SW15 6BB, England.

2. Statement of compliance

These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The director has a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced during the year, excluding VAT.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Land & Buildings	-	2% straight line
Plant & Equipment	-	20% reducing balance
Furnishings	-	20% reducing balance
Office Equipment	-	20% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Tangible assets

	Leasehold Land & Buildings	Plant & Equipment	Furnishings	Office Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	294,633	6,600	22,998	117,104	441,335
Additions	–	1,837	–	–	1,837
	---------	-------	--------	---------	---------
At 31 March 2025	294,633	8,437	22,998	117,104	443,172
	---------	-------	--------	---------	---------
Depreciation
At 1 April 2024	82,497	6,516	22,744	114,356	226,113
Charge for the year	5,893	384	51	549	6,877
	---------	-------	--------	---------	---------
At 31 March 2025	88,390	6,900	22,795	114,905	232,990
	---------	-------	--------	---------	---------
Carrying amount
At 31 March 2025	206,243	1,537	203	2,199	210,182
	---------	-------	--------	---------	---------
At 31 March 2024	212,136	84	254	2,748	215,222
	---------	-------	--------	---------	---------

5. Unlisted investments

	Other investments other than loans
	£
Cost
At 1 April 2024 and 31 March 2025	1
	----
Impairment
At 1 April 2024 and 31 March 2025	–
	----

Carrying amount
At 31 March 2025	1
	----
At 31 March 2024	1
	----

6. Debtors

	2025	2024
	£	£
Other debtors	943	647
	----	----

Other debtors include an amount of £nil (2024 - £nil) falling due after more than one year.

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	4,232	2,549
Other creditors	48,323	48,386
	--------	--------
	52,555	50,935
	--------	--------

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	4,475	4,475	4,475	4,475
	-------	-------	-------	-------

9. Related party transactions

The company was under the control of Mrs E.A. Bevan , the director, during the current and previous year due to her controlling interest of the issued ordinary share capital. During the year the company paid dividends totalling £500 (2024 - £1,000) to Mrs E.A. Bevan .