REGISTERED NUMBER: SC434425 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2024 TO 31 JANUARY 2026

FOR

Commwire Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Mclaughlin

Miss L Thomson

REGISTERED OFFICE:

Admiral House

Montgomery Place

East Kilbride

Glasgow

G74 4BF

REGISTERED NUMBER:

SC434425 (Scotland)

ACCOUNTANTS:

R.A.M.

Admiral House

Montgomery Place

East Kilbride

South Lanarkshire

G74 4BF

FIXED ASSETS

Tangible assets

4

32,078

31,363

CURRENT ASSETS

Stocks

70,164

1,199

Debtors

5

93,760

195,099

Cash at bank and in hand

95,007

45,858

258,931

242,156

CREDITORS

Amounts falling due within one year

6

161,832

82,308

NET CURRENT ASSETS

97,099

159,848

TOTAL ASSETS LESS CURRENT LIABILITIES

129,177

191,211

CREDITORS

Amounts falling due after more than one year

7

28,676

41,477

NET ASSETS

100,501

149,734

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

100,499

149,732

SHAREHOLDERS' FUNDS

100,501

149,734

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2026 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 13 April 2026 and were signed on its behalf by:

Mr J Mclaughlin - Director

1.	STATUTORY INFORMATION

Commwire Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the period 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 period 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.

Hire purchase and leasing commitments

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 21 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 November 2024

3,067

49,700

52,767

Additions

9,286

6,980

16,266

At 31 January 2026

12,353

56,680

69,033

DEPRECIATION

At 1 November 2024

2,097

19,307

21,404

Charge for period

3,872

11,679

15,551

At 31 January 2026

5,969

30,986

36,955

NET BOOK VALUE

At 31 January 2026

6,384

25,694

32,078

At 31 October 2024

970

30,393

31,363

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.10.24

£

£

Trade debtors

93,760

195,099

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.10.24

£

£

Bank loans and overdrafts

18,411

17,002

Hire purchase contracts

14,909

9,487

Trade creditors

13,155

12,643

Taxation and social security

103,162

28,323

Other creditors

12,195

14,853

161,832

82,308

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.10.24

£

£

Hire purchase contracts

14,409

20,458

Other creditors

14,267

21,019

28,676

41,477