Company No: 08008869 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	40,559		51,407
		40,559		51,407
Current assets
Stocks	5	43,000		38,000
Debtors	6	439,280		244,737
Cash at bank and in hand		387,095		302,261
		869,375		584,998
Creditors: amounts falling due within one year	7	( 341,593)		( 97,655)
Net current assets		527,782		487,343
Total assets less current liabilities		568,341		538,750
Net assets		568,341		538,750
Capital and reserves
Called-up share capital	8	2		2
Profit and loss account		568,339		538,748
Total shareholders' funds		568,341		538,750

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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge 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 Borg Transmissions Ltd (registered number: 08008869) were approved and authorised for issue by the Board of Directors on 23 December 2025. They were signed on its behalf by:

S J White 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

Borg Transmissions 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 43 Azura Close, Wools Bridge Industrial Estate, Wimborne, BH21 6SZ, 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 Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

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.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

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

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 arising on the acquisition of subsidiary undertakings and business, representing any excess of the fair value of the consideration given over the fair value of the identifiable assets and liabilities acquired, is capitalised and written off on a straight line basis over its useful economic life, which is 10 years. Provision is made for any impairment.

Other intangible assets

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life.

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 basis over its expected useful life, as follows:

Plant and machinery	4 years straight line
Vehicles	4 years straight line
Office equipment	4 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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

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 is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	7		6

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2024	110,000		110,000
At 31 March 2025	110,000		110,000
Accumulated amortisation
At 01 April 2024	110,000		110,000
At 31 March 2025	110,000		110,000
Net book value
At 31 March 2025	0		0
At 31 March 2024	0		0

4. Tangible assets

	Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£
Cost
At 01 April 2024	35,199		80,150		6,666		122,015
Additions	5,299		0		4,064		9,363
At 31 March 2025	40,498		80,150		10,730		131,378
Accumulated depreciation
At 01 April 2024	27,037		40,737		2,834		70,608
Charge for the financial year	3,906		14,913		1,392		20,211
At 31 March 2025	30,943		55,650		4,226		90,819
Net book value
At 31 March 2025	9,555		24,500		6,504		40,559
At 31 March 2024	8,162		39,413		3,832		51,407

5. Stocks

	2025		2024
	£		£
Stocks	33,000		28,000
Work in progress	10,000		10,000
	43,000		38,000

6. Debtors

	2025		2024
	£		£
Trade debtors	186,982		212,350
Other debtors	252,298		32,387
	439,280		244,737

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	300,913		51,789
Corporation tax	27,664		25,097
Other taxation and social security	3,014		15,972
Other creditors	10,002		4,797
	341,593		97,655

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each	2		2

9. Related party transactions

Transactions with entities in which the entity itself has a participating interest

	2025		2024
	£		£
Borg Automation Ltd	(5,124)		6,440

R D M Woods and S-J White are shareholders of Borg Automation Ltd. Borg Transmissions Ltd traded with Borg Automation Ltd on an arms length basis during the year as follows:

At the balance sheet date £1,607 (2024 - £7,640) was due to/from Borg Automation Ltd and is included within trade debtors. Also £3,517 (2024 - £1,200) was due to Borg Automation Ltd and is included within trade creditors. At the balance sheet date the amount due to/from Borg Automation Ltd was £5,124 (2024- £6,440).