Company No: 01869439 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Directors	S J Hodges
	S S C Smith
	R Trollope

Secretary

S S C Smith

Registered office	2nd Floor
	Maritime Place Quayside
	Chatham Maritime
	Chatham
	ME4 4QZ
	United Kingdom

Company number

01869439 (England and Wales)

Accountant	Kreston Reeves LLP
	2nd Floor, Maritime Place
	Quayside
	Chatham Maritime
	Chatham
	Kent
	ME4 4QZ

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Astro Communications Limited for the financial year ended 31 December 2025 which comprise the Balance Sheet and the related notes 1 to 11 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

This report is made solely to the Board of Directors of Astro Communications Limited, as a body, in accordance with the terms of our engagement letter dated 23 May 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Astro Communications Limited and state those matters that we have agreed to state to the Board of Directors of Astro Communications Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Astro Communications Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Astro Communications Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Astro Communications Limited. You consider that Astro Communications Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Astro Communications Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kreston Reeves LLP

2nd Floor, Maritime Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QZ

20 May 2026

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	70,357		89,038
		70,357		89,038
Current assets
Stocks		123,563		144,000
Debtors	5	695,209		943,585
Cash at bank and in hand		501,832		588,895
		1,320,604		1,676,480
Creditors: amounts falling due within one year	6	( 600,111)		( 961,819)
Net current assets		720,493		714,661
Total assets less current liabilities		790,850		803,699
Creditors: amounts falling due after more than one year	7	( 13,476)		( 39,959)
Provision for liabilities	8	( 13,684)		( 18,537)
Net assets		763,690		745,203
Capital and reserves
Called-up share capital		125		125
Profit and loss account		763,565		745,078
Total shareholder's funds		763,690		745,203

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has 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 Astro Communications Limited (registered number: 01869439) were approved and authorised for issue by the Board of Directors on 20 May 2026. They were signed on its behalf by:

S J Hodges Director

R Trollope 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

Astro Communications Limited (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 2nd Floor, Maritime Place Quayside, Chatham Maritime, Chatham, ME4 4QZ, 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.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

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

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Development costs

5 years straight line

Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the directors are satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is capitalised as an intangible asset and amortised over the period during which the Company is expected to benefit. This period is between three and five years. Provision is made for any impairment.

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 or reducing balance basis over its expected useful life, as follows:

Plant and machinery	3 - 5 years straight line
	15 - 25 % reducing balance
Vehicles	25 % reducing balance

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

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 includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	32		39

3. Intangible assets

	Development costs		Total
	£		£
Cost
At 01 January 2025	136,403		136,403
At 31 December 2025	136,403		136,403
Accumulated amortisation
At 01 January 2025	136,403		136,403
At 31 December 2025	136,403		136,403
Net book value
At 31 December 2025	0		0
At 31 December 2024	0		0

4. Tangible assets

	Plant and machinery		Vehicles		Total
	£		£		£
Cost
At 01 January 2025	81,197		93,153		174,350
Additions	13,732		6,000		19,732
Disposals	0		( 6,000)		( 6,000)
At 31 December 2025	94,929		93,153		188,082
Accumulated depreciation
At 01 January 2025	41,213		44,099		85,312
Charge for the financial year	20,150		12,388		32,538
Disposals	0		( 125)		( 125)
Charge for the year on financed assets	0		0		0
At 31 December 2025	61,363		56,362		117,725
Net book value
At 31 December 2025	33,566		36,791		70,357
At 31 December 2024	39,984		49,054		89,038
Leased assets included above:
Net book value
At 31 December 2025	0		28,878		28,878
At 31 December 2024	0		39,114		39,114

5. Debtors

	2025		2024
	£		£
Trade debtors	588,746		766,081
Prepayments	96,263		168,179
Other debtors	10,200		9,325
	695,209		943,585

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	23,334		70,026
Trade creditors	294,569		483,861
Amounts owed to Group undertakings	0		30,000
Accruals and deferred income	76,529		137,204
Corporation tax	68,905		78,431
Other taxation and social security	119,819		109,944
Obligations under finance leases and hire purchase contracts	12,511		22,510
Other creditors	4,444		29,843
	600,111		961,819

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	0		23,333
Obligations under finance leases and hire purchase contracts	13,476		16,626
	13,476		39,959

8. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 18,537)		( 17,617)
Credited/(charged) to the Statement of Income and Retained Earnings	4,853		( 920)
At the end of financial year	( 13,684)		( 18,537)

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	293		3,521
between one and five years	0		293
Total future minimum lease payments under non-cancellable operating leases	293		3,814

Pensions

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £49,302 (2024 - £63,183). Contributions totalling £4,444 (2024 - £3,532) were payable to the fund at the balance sheet date and are included in creditors.

10. Related party transactions

Other related party transactions

The company has taken advantage of the exemptions available under FRS102, section 33.5, not to disclose details of its transactions with members of the group headed by Astro Technology Group Ltd.

All other transactions with related parties that arose during the current and prior years, including any directors' remuneration payable, were done so under normal market conditions.

11. Ultimate controlling party

Parent Company:

Astro Technology Group Ltd

The ultimate parent undertaking of the company is Astro Technology Group Ltd, a company incorporated in England and Wales, where the ultimate controlling party is S Smith and R Trollope by virtue of
shareholding.