ANTARES DEFENCE SYSTEMS LTD


Directors	P B Deacon
	B T Fullerton


Registered Address	Unit 5 Alton Road Industrial Estate
	Alton Road
	Ross-On-Wye
	HR9 5NB


Registered Number	07171625 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		750,703		751,401
Tangible assets	4		249,381		161,704
			1,000,084		913,105
Current assets
Stocks	5	2,545,657		1,196,977
Debtors		5,525,285		3,029,173
Cash at bank and on hand		145,976		867,408
		8,216,918		5,093,558
Creditors amounts falling due within one year	6	(3,941,483)		(2,493,509)
Net current assets (liabilities)			4,275,435		2,600,049
Total assets less current liabilities			5,275,519		3,513,154
Provisions for liabilities	7		(38,827)		(29,705)
Net assets			5,236,692		3,483,449
Capital and reserves
Called up share capital			200		200
Profit and loss account			5,236,492		3,483,249
Shareholders' funds			5,236,692		3,483,449

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 19 December 2025, and are signed on its behalf by:

B T Fullerton
Director
Registered Company No. 07171625

ANTARES DEFENCE SYSTEMS LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	As part of the directors' consideration of the appropriateness of adopting the going concern basis in preparing these financial statements, a range of scenarios have been reviewed. These scenarios consider the impact of Covid-19 restrictions and regulations, along with our proposed responses over the course of the next 18 months. On the basis of these reviews the directors consider it appropriate for the going concern basis to be adopted in the preparation of these financial statements.

Going concern

As part of the directors' consideration of the appropriateness of adopting the going concern basis in preparing these financial statements, a range of scenarios have been reviewed.  These scenarios consider the impact of Covid-19 restrictions and regulations, along with our proposed responses over the course of the next 18 months.  On the basis of these reviews the directors consider it appropriate for the going concern basis to be adopted in the preparation of these financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	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
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Intellectual property rights are being fully amortised in the current year. Development costs are being amortised evenly over their estimated useful life of five years.

	Research and development
	Research expenditure is written off to the profit and loss accounting the year in which it is incurred. Development expenditure is written off in the same year, unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period from which the company is expected to benefit.

	Tangible fixed assets and depreciation
	Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Note: Short Leasehold - in accordance with the property Fixture and fittings - at varying rates on cost

	Finance leases and hire purchase contracts
	Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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

2.	Average number of employees


		2025		2024
	Average number of employees during the year	28		23

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 April 24	3,357,719	3,357,719
Additions	350,074	350,074
At 31 March 25	3,707,793	3,707,793
Amortisation and impairment
At 01 April 24	2,606,318	2,606,318
Charge for year	350,772	350,772
At 31 March 25	2,957,090	2,957,090
Net book value
At 31 March 25	750,703	750,703
At 31 March 24	751,401	751,401

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£	£
Cost or valuation
At 01 April 24	133,123	423,501	11,995	155,264	723,883
Additions	88,508	4,109	21,799	29,008	143,424
Disposals	-	-	(11,995)	-	(11,995)
At 31 March 25	221,631	427,610	21,799	184,272	855,312
Depreciation and impairment
At 01 April 24	133,123	294,083	11,994	122,979	562,179
Charge for year	2,282	35,503	2,952	15,010	55,747
On disposals	-	-	(11,995)	-	(11,995)
At 31 March 25	135,405	329,586	2,951	137,989	605,931
Net book value
At 31 March 25	86,226	98,024	18,848	46,283	249,381
At 31 March 24	-	129,418	1	32,285	161,704

5.	Stocks

	2025	2024
	£	£
Other stocks	2,545,657	1,196,977
Total	2,545,657	1,196,977

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	2,120,268	1,613,425
Taxation and social security	1,677,750	841,697
Other creditors	143,465	38,387
Total	3,941,483	2,493,509

7.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	38,827	29,705
Total	38,827	29,705

8.	Other commitments
	Minimum lease payments under non- cancellable operating leases fall due as follows: Due between one and five years - £205,680 (2024 - £217,252)

9.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
P B Deacon	60,990	0	0	60,990
B T Fullerton	95,234	0	0	95,234
	156,224	0	0	156,224


	The loans outstanding at the balance sheet date have interest charged on them and are repayable on demand.