REGISTERED NUMBER: 01446539 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Radio Systems Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A J Matthews

Mrs J Thilo

Mr A R Thilo

SECRETARY:

Mrs J Thilo

REGISTERED OFFICE:

Unit 1

Highlode Industrial Estate

Stocking Fen Road, Ramsey

Huntingdon

PE26 2RB

REGISTERED NUMBER:

01446539 (England and Wales)

AUDITORS:

GH Audit Limited

St George's House

George Street

Huntingdon

Cambridgeshire

PE29 3GH

FIXED ASSETS

Tangible assets

5

582,679

374,088

CURRENT ASSETS

Stocks

286,988

339,772

Debtors

6

253,617

449,644

Cash at bank and in hand

992,086

777,327

1,532,691

1,566,743

CREDITORS

Amounts falling due within one year

7

585,341

309,133

NET CURRENT ASSETS

947,350

1,257,610

TOTAL ASSETS LESS CURRENT LIABILITIES

1,530,029

1,631,698

CAPITAL AND RESERVES

Called up share capital

22,400

22,400

Share redemption account

9,600

9,600

Fair value reserve

8

3,000

3,000

Retained earnings

1,495,029

1,596,698

SHAREHOLDERS' FUNDS

1,530,029

1,631,698

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 19 December 2025 and were signed on its behalf by:

Mr A J Matthews - Director

1.	STATUTORY INFORMATION

Radio Systems 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 as modified by the revaluation of certain assets.

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 radio 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 the dispatch of goods.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from system projects is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by milestones set out in the contract.

Hire of equipment

Turnover from the hire of radio equipment is recognised when the end user has had use of the equipment for the contracted period of time usually a one month rolling, 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.

Tangible fixed assets

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

Land and buildings

-

Straight line over 15 years

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and 10% on reducing balance

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.

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.

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.

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 19 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

130,000

556,884

686,884

Additions

-

303,436

303,436

Disposals

-

(72,433

)

(72,433

)

At 31 March 2025

130,000

787,887

917,887

DEPRECIATION

At 1 April 2024

15,557

297,239

312,796

Charge for year

1,872

75,015

76,887

Eliminated on disposal

-

(54,475

)

(54,475

)

At 31 March 2025

17,429

317,779

335,208

NET BOOK VALUE

At 31 March 2025

112,571

470,108

582,679

At 31 March 2024

114,443

259,645

374,088

Cost or valuation at 31 March 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 1995

3,000

-

3,000

Cost

127,000

787,887

914,887

130,000

787,887

917,887

If Freehold Property had not been revalued it would have been included at the following historical cost:

31/3/25

31/3/24

£

£

Cost

127,000

127,000

On transition to FRS 102 (Section 1A), the revaluation in 1995 became part of the deemed cost of the property.

The properties are held at cost less accumulated depreciation. The land element is not depreciated.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

214,276

431,077

Other debtors

39,341

18,567

253,617

449,644

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade creditors

290,026

44,218

Taxation and social security

139,772

122,598

Other creditors

155,543

142,317

585,341

309,133

8.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

3,000

9.	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

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31/3/25

31/3/24

£

£

Mr A R Thilo

Balance outstanding at start of year

-

4,900

Amounts repaid

-

(4,900

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Mr A J Matthews

Balance outstanding at start of year

-

-

Amounts advanced

10,000

-

Amounts repaid

(5,350

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,650

-