REGISTERED NUMBER: 05315236 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

HEAVEY RF UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Michael Heavey

Ronan Clinton

Ciaran Lavelle

Andrew Moloney

Gerard Butler

S I Watson

REGISTERED OFFICE:

Unit 2 Lancaster Court

Coronation Road

Cressex Business Park

High Wycombe

Buckinghamshire

HP12 3TD

REGISTERED NUMBER:

05315236 (England and Wales)

ACCOUNTANTS:

RAA Cansdales Business Advisers Ltd

St Mary's Court

The Broadway

Old Amersham

Buckinghamshire

HP7 0UT

FIXED ASSETS

Tangible assets

3

18,657

17,546

CURRENT ASSETS

Stocks

4

6,673

7,678

Debtors

5

2,161,722

2,012,498

Cash at bank

6

330,896

38,141

2,499,291

2,058,317

CREDITORS

Amounts falling due within one year

7

(1,284,366

)

(1,491,591

)

NET CURRENT ASSETS

1,214,925

566,726

TOTAL ASSETS LESS CURRENT LIABILITIES

1,233,582

584,272

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,232,582

583,272

SHAREHOLDERS' FUNDS

1,233,582

584,272

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 25 June 2026 and were signed on its behalf by:

S I Watson - Director

Ronan Clinton - Director

1.	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

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Computer equipment - 20% Straight line

Fixtures, fittings and equipment - 20% Straight line

Plant & Machinery - 20% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

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 not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date which are immaterial.

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.

FINANCIAL INSTRUMENTS

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

BASIC FINANCIAL ASSETS

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

CLASSIFICATION OF FINANCIAL LIABILITIES

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

BASIC FINANCIAL LIABILITIES

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ousts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

EMPLOYEE BENEFITS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

64,181

42,794

524

107,499

Additions

1,697

-

5,961

7,658

At 31 December 2025

65,878

42,794

6,485

115,157

DEPRECIATION

At 1 January 2025

47,651

41,778

524

89,953

Charge for year

4,605

750

1,192

6,547

At 31 December 2025

52,256

42,528

1,716

96,500

NET BOOK VALUE

At 31 December 2025

13,622

266

4,769

18,657

At 31 December 2024

16,530

1,016

-

17,546

4.

STOCKS

2025

2024

£

£

Finished goods

6,673

7,678

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

650,623

371,086

Directors' current accounts

129,711

133,023

CT Repayable - Section 455 tax

on director debit balance

43,421

43,421

Prepayments

14,531

15,997

Service Support Prepayment

1,131,608

1,263,563

1,969,894

1,827,090

Amounts falling due after more than one year:

Amounts owed by group undertakings

191,828

185,408

Aggregate amounts

2,161,722

2,012,498

6.	CASH AT BANK

2025

2024

£

£

HSBC Current Account

330,896

38,141

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

356,540

253,636

Corporation tax

96,661

395,639

Social security and other tax

30,933

18,699

VAT

95,584

7,286

Other creditors

1,393

-

Accruals and deferred income

700,012

811,421

Accrued expenses

3,243

4,910

1,284,366

1,491,591

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

23,333

28,000

Between one and five years

-

23,333

23,333

51,333

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

£

S I Watson

Balance outstanding at start of year

133,023

130,096

Amounts advanced

-

2,927

Amounts repaid

(3,312

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

129,711

133,023

The director, Steven Watson, received a loan from the company over two years. At the reporting date, the total loan repayable by the director to the company amounted to £129,711 (2024:133,023), and Interest of 3.75% has been charged on this loan.

10.	RELATED PARTY DISCLOSURES

Heavey RF UK Limited had purchases from Alton Future Technologies Limited during the year ended 31st December 2025 to the value of £21,368 (2024: 31,710) and there was no outstanding balance owed by Heavey RF UK Limited to Alton Future Technologies Limited at the 31st December 2025 (2024 : £NIL).

The directors of Heavey RF UK Limited are also the directors of Heavey Radio Frequency Data Systems Limited and Heavey Radio Frequency Data Systems Limited is also a shareholder of Heavey RF UK Limited. The owner of Alton Future Technologies Limited is a director and shareholder of Heavey RF UK Limited.

In the opinion of the directors these amounts arise in the ordinary course of business and the terms of the amounts due are in accordance with the terms ordinarily offered by the company.

Transactions and balances with group company:

Heavey Radio Frequency Data Systems Limited

During the year, Heavey RF UK Limited had sales of £398,964 (2024: £467,332) to Heavey Radio Frequency Data Systems Limited and purchases of £71,610 (2024: 146,388) from Heavey Radio Frequency Data Systems Limited.

2025

2024

£

£

Amount due from/(owed to) Heavey Radio Frequency Data Systems Limited

191,828

185,408

11.	ULTIMATE CONTROLLING PARTY

The company regards Heavey Radio Frequency Data Systems Limited as its parent company.