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Registration number: 06880361

Warrior Assault Systems Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

Warrior Assault Systems Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 13

Warrior Assault Systems Limited

Company Information

Directors | M L Baxtrem M D Dexter

Company secretary | R Dexter

Registered office | Stockton Business Centre, Barkess & Co 70-74 Brunswick Street Stockton on Tees TS18 1DW

Solicitors | Merritt & Co The Manor House 83 High Street Yarm TS15 9BG

Accountants | Barkess & Co Stockton Business Centre 70-74 Brunswick Street Stockton on Tees TS18 1DW

Warrior Assault Systems Limited

(Registration number: 06880361)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 84,804 | 69,917
Investments | 5 | 2 | 2
|  | 84,806 | 69,919
Current assets |  |  |
Stocks | 6 | 981,622 | 1,363,621
Debtors | 7 | 1,585,035 | 1,493,985
Cash at bank and in hand |  | 155,759 | 37,501
|  | 2,722,416 | 2,895,107
Creditors: Amounts falling due within one year | 8 | (1,547,107) | (1,553,679)
Net current assets |  | 1,175,309 | 1,341,428
Total assets less current liabilities |  | 1,260,115 | 1,411,347
Creditors: Amounts falling due after more than one year | 8 | (21,373) | (156,709)
Provisions for liabilities |  | (21,201) | (17,479)
Net assets |  | 1,217,541 | 1,237,159
Capital and reserves |  |  |
Called up share capital | 9 | 10 | 10
Retained earnings |  | 1,217,531 | 1,237,149
Shareholders' funds |  | 1,217,541 | 1,237,159

For the financial year ending 30 April 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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.

Warrior Assault Systems Limited

(Registration number: 06880361)
Balance Sheet as at 30 April 2025

Approved and authorised by the Board on 12 March 2026 and signed on its behalf by:

......................................... M D Dexter Director

Warrior Assault Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

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

The address of its registered office is:
Stockton Business Centre, Barkess & Co
70-74 Brunswick Street
Stockton on Tees
TS18 1DW
England

The principal place of business is:
Unit 2D
9 Opus Park
Lockheed Avenue
Preston Farm Industrial Estate
Stockton-on-Tees
TS18 3BP

These financial statements were authorised for issue by the Board on 12 March 2026.

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.

Going concern

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

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.

Warrior Assault Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable 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.

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
Fixtures & fittings | 15% reducing balance
Office equipment | 25% reducing balance
Leasehold Improvements | 10 year straight line
Plant & machinery | 25% reducing balance

Warrior Assault Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the weighted average method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Warrior Assault Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2024 - 15).

Warrior Assault Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 May 2024 | 73,515 | 116,040 | 189,555
Additions | - | 41,495 | 41,495
At 30 April 2025 | 73,515 | 157,535 | 231,050
Depreciation
At 1 May 2024 | 53,092 | 66,546 | 119,638
Charge for the year | 7,544 | 19,064 | 26,608
At 30 April 2025 | 60,636 | 85,610 | 146,246
Carrying amount
At 30 April 2025 | 12,879 | 71,925 | 84,804
At 30 April 2024 | 20,423 | 49,494 | 69,917

Included within the net book value of land and buildings above is £12,879 (2024 - £20,423) in respect of short leasehold land and buildings.

5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 2 | 2

Subsidiaries | £
Cost or valuation
At 1 May 2024 | 2
Provision
Carrying amount
At 30 April 2025 | 2
At 30 April 2024 | 2

Warrior Assault Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
MBH Property Limited | Stockton Business Centre, Barkess & Co 70-74 Brunswick Street Stockton on Tees, TS18 1DW England | Ordinary Shares | 100% | 100%

Subsidiary undertakings
MBH Property Limited The principal activity of MBH Property Limited is property lettings.

6 | Stocks

| 2025 £ | 2024 £
Raw materials and consumables | 278,737 | 517,082
Other inventories | 702,885 | 846,539
| 981,622 | 1,363,621

7 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 375,642 | 41,611
Amounts owed by related parties | 12 | 251,000 | 331,813
Prepayments |  | 542,931 | 651,326
Other debtors |  | 415,462 | 469,235
|  | 1,585,035 | 1,493,985

Warrior Assault Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | 1,274,525 | 828,199
Trade creditors |  | 131,629 | 472,864
Taxation and social security |  | 130,543 | 225,719
Accruals and deferred income |  | 9,480 | 25,730
Other creditors |  | 930 | 1,167
|  | 1,547,107 | 1,553,679

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | 21,373 | 156,709

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 10 | 10 | 10 | 10

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 18,040 | -
Other borrowings | 3,333 | 156,709
| 21,373 | 156,709

Current loans and borrowings

Warrior Assault Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

| 2025 £ | 2024 £
Bank borrowings | 9,020 | -
Bank overdrafts | 9,943 | 2,182
Other borrowings | 1,255,562 | 826,017
| 1,274,525 | 828,199

11 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £
Interim dividend of £12,500.00 (2024 - £12,500.00) per ordinary share |  | 125,000 |  | 125,000

12 | Related party transactions

Transactions with directors

2025 | At 1 May 2024 £ | Advances to director £ | Repayments by director £ | At 30 April 2025 £
M L Baxtrem
Current account (interest charged at 2.5% pa with effect from 01/04/2023) | 179,314 | 12,573 | (12,573) | 179,314
M D Dexter
Current account, (interest charged at 2.5% pa with effect from 01/04/2023) | 163,717 | 1,245 | (1,245) | 163,717

2024 | At 1 May 2023 £ | Advances to director £ | Repayments by director £ | At 30 April 2024 £
M L Baxtrem
Current account (interest charged at 2.5% pa with effect from 01/04/2023) | 216,818 | 24,996 | (62,500) | 179,314
M D Dexter
Current account, (interest charged at 2.5% pa with effect from 01/04/2023) | 216,818 | 9,399 | (62,500) | 163,717

Warrior Assault Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 22,596 | 22,596
Contributions paid to money purchase schemes | 324 | 194
| 22,920 | 22,790

Dividends paid to directors

|  | 2025 £ |  | 2024 £
M L Baxtrem |  |  |  |
Interim dividend |  | 37,500 |  | 37,500
M D Dexter |  |  |  |
Interim Dividend |  | 37,500 |  | 37,500

Summary of transactions with subsidiaries

MBH Property Limited Loan from the parent company Interest free loan repayable on demand

Summary of transactions with other related parties

Support Logistics (Europe) is a private limited company registered in England and Wales that has common ownership and control to that of Warrior Assault Systems Limited.

Income and receivables from related parties

2025 | Other related parties £
Sale of goods | 1,265,808

2024 | Other related parties £
Sale of goods | 1,640,304

Expenditure with and payables to related parties

Warrior Assault Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

2025 | Other related parties £
Purchase of goods | 133,941

2024 | Other related parties £
Purchase of goods | 46,857

Loans to related parties

2025 | Subsidiary £ | Total £
At start of period | 261,000 | 261,000
Repaid | (10,000) | (10,000)
At end of period | 251,000 | 251,000

2024 | Subsidiary £ | Total £
At start of period | 261,000 | 261,000
At end of period | 261,000 | 261,000

Loans from related parties

2025 | Other related parties £ | Total £
At start of period | 753,616 | 753,616
Advanced | 423,510 | 423,510
At end of period | 1,177,126 | 1,177,126

2024 | Other related parties £ | Total £
At start of period | 953,236 | 953,236
Repaid | (199,620) | (199,620)
At end of period | 753,616 | 753,616

Terms of loans from related parties

Interest free current account repayable upon demand