Company No: 09572986 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

T G Ingram

REGISTERED OFFICE	Vittlefields Technology Centre
	Forest Road
	Newport
	PO30 4LY
	United Kingdom

COMPANY NUMBER

09572986 (England and Wales)

ACCOUNTANT	S&W Partners LLP
	4th Floor Cumberland House
	15-17 Cumberland Place
	Southampton
	Hampshire
	SO15 2BG

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	2,500		5,000
Tangible assets	4	48,709		0
		51,209		5,000
Current assets
Stocks	5	77,442		74,911
Debtors	6	56,501		63,401
Cash at bank and in hand		132,205		84,683
		266,148		222,995
Creditors: amounts falling due within one year	7	( 289,106)		( 255,522)
Net current liabilities		(22,958)		(32,527)
Total assets less current liabilities		28,251		(27,527)
Creditors: amounts falling due after more than one year	8	( 1,667)		( 11,667)
Provision for liabilities		( 12,802)		( 1,250)
Net assets/(liabilities)		13,782		( 40,444)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		13,682		( 40,544 )
Total shareholder's funds/(deficit)		13,782		( 40,444)

For the financial 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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Comar Systems Ltd (registered number: 09572986) were approved and authorised for issue by the Director on 12 December 2025. They were signed on its behalf by:

T G Ingram Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Comar Systems Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Vittlefields Technology Centre, Forest Road, Newport, PO30 4LY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Comar Systems Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses, Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Research and development

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

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	10 years straight line
Plant and machinery etc.	10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2024	25,000		25,000
At 31 March 2025	25,000		25,000
Accumulated amortisation
At 01 April 2024	20,000		20,000
Charge for the financial year	2,500		2,500
At 31 March 2025	22,500		22,500
Net book value
At 31 March 2025	2,500		2,500
At 31 March 2024	5,000		5,000

4. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 April 2024	30,299		0		30,299
Additions	0		54,121		54,121
At 31 March 2025	30,299		54,121		84,420
Accumulated depreciation
At 01 April 2024	30,299		0		30,299
Charge for the financial year	0		5,412		5,412
At 31 March 2025	30,299		5,412		35,711
Net book value
At 31 March 2025	0		48,709		48,709
At 31 March 2024	0		0		0

5. Stocks

	2025		2024
	£		£
Stocks	36,427		44,018
Work in progress	15,295		0
Finished goods	25,720		30,893
	77,442		74,911

6. Debtors

	2025		2024
	£		£
Trade debtors	45,218		55,805
Amounts owed by Group undertakings	100		100
Other debtors	11,183		7,496
	56,501		63,401

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	10,000		10,000
Trade creditors	65,124		22,746
Amounts owed to Group undertakings	181,345		181,345
Taxation and social security	10,236		17,332
Other creditors	22,401		24,099
	289,106		255,522

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	1,667		11,667

There are no amounts included above in respect of which any security has been given by the small entity.

9. Ultimate controlling party

Parent Company:

Katon Ingram Holdings IW Limited

Vittlefields Technology Centre, Forest Road, Newport, Isle Of Wight, PO30 4LY

The ultimate controlling party is T G Ingram, by virtue of his shareholding and directorship in the ultimate parent undertaking.