Registration number: 10890217

Covert Antenna Systems Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Covert Antenna Systems Limited

Company Information

Directors

Mr Andrew Addy Mr Michael S Badcott

Registered office

5 Lower Collins Road Totnes Devon TQ9 5PS

Accountants

Neil Wilson Accountancy Limited Bank Chambers 260-262 Union Street Torquay Devon TQ2 5QU

Covert Antenna Systems Limited

(Registration number: 10890217)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	28,470	31,633
Current assets
Debtors	5	4,400	4,400
Cash at bank and in hand		4,163	6,540
		8,563	10,940
Creditors: Amounts falling due within one year	6	(42,140)	(42,542)
Net current liabilities		(33,577)	(31,602)
Total assets less current liabilities		(5,107)	31
Provisions for liabilities		(4,495)	(4,495)
Net liabilities		(9,602)	(4,464)
Capital and reserves
Called up share capital	7	150	150
Retained earnings		(9,752)	(4,614)
Shareholders' deficit		(9,602)	(4,464)

For the financial year ending 31 January 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 November 2025 and signed on its behalf by:
 

......................................... Mr Andrew Addy Director

Covert Antenna Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 Lower Collins Road
Totnes
Devon
TQ9 5PS

These financial statements were authorised for issue by the Board on 14 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Covert Antenna Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	10% reducing balance
Fixtures and Fittings	10% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 3).

Covert Antenna Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 February 2024	1,276	43,762	45,038
At 31 January 2025	1,276	43,762	45,038
Depreciation
At 1 February 2024	373	13,032	13,405
Charge for the year	90	3,073	3,163
At 31 January 2025	463	16,105	16,568
Carrying amount
At 31 January 2025	813	27,657	28,470
At 31 January 2024	903	30,730	31,633

5

Debtors

	Note	2025 £	2024 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest	9	1,530	1,530
Other debtors		2,870	2,870
		4,400	4,400

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	1,249	1,009
Accruals and deferred income	500	1,750
Other creditors	40,391	39,783
	42,140	42,542

7	Share capital

Allotted, called up and fully paid shares

Covert Antenna Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	150	150	150	150

8

Dividends

9	Related party transactions

Transactions with directors

2025	At 1 February 2024 £	Repayments by director £	At 31 January 2025 £
Mr Andrew Addy
Loan from director	(39,783)	(608)	(40,391)

2024	At 1 February 2023 £	Repayments by director £	At 31 January 2024 £
Mr Andrew Addy
Loan from director	(39,159)	(624)	(39,783)