REGISTERED NUMBER: 04300468 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2025

for

Comtek Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G E Dixon

M A Grossman

SECRETARY:

G E Dixon

REGISTERED OFFICE:

41 Saint Helens Court

Fison Way Industrial Estate

Thetford

Norfolk

IP24 1HG

REGISTERED NUMBER:

04300468 (England and Wales)

ACCOUNTANTS:

Knights Lowe

The Barn

11 Bury Road

Thetford

Norfolk

IP24 3PJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

38,648

1,273

38,648

1,273

CURRENT ASSETS

Stocks

342,313

356,860

Debtors

6

292,822

234,220

Cash at bank and in hand

4,058

20,169

639,193

611,249

CREDITORS

Amounts falling due within one year

7

376,700

304,263

NET CURRENT ASSETS

262,493

306,986

TOTAL ASSETS LESS CURRENT LIABILITIES

301,141

308,259

CREDITORS

Amounts falling due after more than one year

8

(43,709

)

(48,656

)

PROVISIONS FOR LIABILITIES

10

(8,597

)

(318

)

NET ASSETS

248,835

259,285

CAPITAL AND RESERVES

Called up share capital

11

50

50

Retained earnings

248,785

259,235

SHAREHOLDERS' FUNDS

248,835

259,285

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 4 March 2026 and were signed on its behalf by:

G E Dixon - Director

M A Grossman - Director

1.	STATUTORY INFORMATION

Comtek Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Amortisation is calculated so as to write off the cost of an asset, less it's estimated residual value, over the useful economic life of that asset as follows;

Goodwill - over 5 years

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance, 5 years straight line, 4 years straight line and 3 years straight line

Fixtures and fittings

-

25% on reducing balance, 4 years straight line and 3 years straight line

Motor vehicles

-

4 years straight line and 3 years straight line

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Financial instruments

The company only enters into basic financial instruments transactions that result in recognition of financial assets and liabilities. Basic financial instruments are recognised at amortised cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2024

and 31 July 2025

3,500

AMORTISATION

At 1 August 2024

and 31 July 2025

3,500

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2024

221,886

Additions

47,663

Disposals

(30,831

)

At 31 July 2025

238,718

DEPRECIATION

At 1 August 2024

220,613

Charge for year

10,288

Eliminated on disposal

(30,831

)

At 31 July 2025

200,070

NET BOOK VALUE

At 31 July 2025

38,648

At 31 July 2024

1,273

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

Additions

47,663

At 31 July 2025

47,663

DEPRECIATION

Charge for year

9,267

At 31 July 2025

9,267

NET BOOK VALUE

At 31 July 2025

38,396

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

269,178

210,009

Other debtors

23,644

24,211

292,822

234,220

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

63,897

58,484

Hire purchase contracts

10,602

-

Trade creditors

176,849

156,289

Amounts owed to group undertakings

78,500

62,500

Taxation and social security

12,481

22,650

Other creditors

34,371

4,340

376,700

304,263

Other creditors includes an amount due to the directors £396 and £30,000 due to a connected company.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

27,820

48,656

Hire purchase contracts

15,889

-

43,709

48,656

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

45,889

38,484

Hire purchase contracts

26,491

-

72,380

38,484

The bank overdraft is secured by a fixed and floating charge over the assets of the company.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

8,597

318

Deferred

tax

£

Balance at 1 August 2024

318

Provided during year

8,279

Balance at 31 July 2025

8,597

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50

Ordinary

£1

50

50

12.	ULTIMATE CONTROLLING PARTY

The company is a subsidiary of Comtek Holdings (UK) Limited.

St Helens Way

Thetford

Norfolk

England

IP24 1HG