| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2025 |
| FOR |
| CIRCUIT SOLUTIONS (CAMBRIDGE) LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2025 |
| FOR |
| CIRCUIT SOLUTIONS (CAMBRIDGE) LIMITED |
| CIRCUIT SOLUTIONS (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 03875762) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| CIRCUIT SOLUTIONS (CAMBRIDGE) LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 OCTOBER 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1st Floor |
| 5-7 Portugal Place |
| Cambridge |
| Cambridgeshire |
| CB5 8AF |
| CIRCUIT SOLUTIONS (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 03875762) |
| BALANCE SHEET |
| 31 OCTOBER 2025 |
| 2025 | 2024 |
| as restated |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash and cash equivalents |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Retained earnings | 960,106 |
| SHAREHOLDERS' FUNDS |
| 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. |
| CIRCUIT SOLUTIONS (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 03875762) |
| BALANCE SHEET - continued |
| 31 OCTOBER 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| CIRCUIT SOLUTIONS (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 03875762) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2025 |
| 1. | STATUTORY INFORMATION |
| Circuit Solutions (Cambridge) Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Critical accounting judgements and key sources of estimation uncertainty |
| Useful economic lives of tangible fixed assets: |
| Tangible fixed assets are depreciated over their expected useful lives taking into consideration residual values, where appropriate. The actual lives of the assets and residual values are assessed and amended when necessary to reflect the current estimates based on economic utilisation and physical condition of the assets. |
| Recoverability of trade debtors: |
| The recoverability of trade debtors requires judgement in assessing whether amounts outstanding at the year end are recoverable. Management reviews the ageing profile of debtors, post year-end receipts, known disputes, customer-specific circumstances and wider economic factors when determining whether any impairment provision is required. |
| Valuation of stock: |
| The valuation of stock requires estimation in determining whether stock is carried at the lower of cost and net realisable value. Management considers the nature and age of stock held, recent and expected selling prices, stock turnover, customer demand and the existence of any obsolete or slow-moving items when assessing whether a provision is required. |
| Turnover |
| Turnover is derived from the design, manufacture and assembly of printed circuit boards in the United Kingdom and represents credit sales in respect of the year excluding value added tax. |
| Revenue is recognised when significant risk and rewards have been transferred to the customer, which is usually when the company has dispatched goods to the customer. Where revenue is received in advance of completion this is recognised as deferred income within creditors. |
| CIRCUIT SOLUTIONS (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 03875762) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2025 |
| 3. | ACCOUNTING POLICIES - continued |
| Tangible fixed assets |
| Plant and machinery | - |
| Office equipment | - |
| Computer equipment | - |
| Stocks |
| Stocks are measured at the lower of average cost and net realisable value, after making due allowance for obsolete and slow-moving items. Average cost is determined by reference to the weighted average cost of stock held during the period. |
| Financial instruments |
| Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, 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. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 material 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. |
| CIRCUIT SOLUTIONS (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 03875762) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2025 |
| 3. | ACCOUNTING POLICIES - continued |
| 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. |
| 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. |
| Going concern |
| The directors have considered the company's forecasts and projections, taking account of reasonably possible changes in trading performance, expected cash flows, available cash resources and the company's financing arrangements. After making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements. Accordingly, the directors continue to adopt the going concern basis of accounting in preparing the financial statements. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and | Office | Computer |
| machinery | equipment | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 November 2024 |
| Additions |
| At 31 October 2025 |
| DEPRECIATION |
| At 1 November 2024 |
| Charge for year |
| At 31 October 2025 |
| NET BOOK VALUE |
| At 31 October 2025 |
| At 31 October 2024 |
| CIRCUIT SOLUTIONS (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 03875762) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2025 |
| 5. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and | Computer |
| machinery | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 November 2024 |
| Additions |
| Transfer to ownership | (58,561 | ) | - | (58,561 | ) |
| At 31 October 2025 |
| DEPRECIATION |
| At 1 November 2024 |
| Charge for year |
| Transfer to ownership | (103,186 | ) | - | (103,186 | ) |
| At 31 October 2025 |
| NET BOOK VALUE |
| At 31 October 2025 |
| At 31 October 2024 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| as restated |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| as restated |
| £ | £ |
| Hire purchase contracts (see note 9) |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| as restated |
| £ | £ |
| Hire purchase contracts (see note 9) |
| CIRCUIT SOLUTIONS (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 03875762) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2025 |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments under hire purchase fall due as follows: |
| 2025 | 2024 |
| as restated |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| as restated |
| £ | £ |
| Hire purchase contracts | 55,495 | 69,648 |
| Liabilities held under hire purchase agreements are secured against the assets to which they relate. |
| On 25th January 2023 NatWest Bank PLC registered a fixed and floating charge by way of a debenture over the assets of the business. |
| 11. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| as restated |
| £ | £ |
| Deferred tax | 36,176 | 61,429 |
| Deferred |
| tax |
| £ |
| Balance at 1 November 2024 |
| Credit to Profit and loss account during year | ( |
) |
| Accelerated capital allowances |
| Balance at 31 October 2025 |
| Deferred tax has been recognised in respect of the excess of capital allowances over depreciation. |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | as restated |
| £ | £ |
| Ordinary | £1 | 300 | 300 |
| CIRCUIT SOLUTIONS (CAMBRIDGE) LIMITED (REGISTERED NUMBER: 03875762) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2025 |
| 13. | OTHER FINANCIAL COMMITMENTS |
| The company has financial commitments amounting to £96,989.This represents an annual commitment of £90,000 per year on a rolling 12 month basis, in respect of the rental of the company's commercial premises and a further £6,989 in relation to plant and equipment. |
| 14. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 October 2025 and 31 October 2024: |
| 2025 | 2024 |
| as restated |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| The above advances were unsecured, interest free and repayable on demand. No amounts were written off or waived during the year. |
| 15. | RELATED PARTY DISCLOSURES |
| During the year under review the company was charged £10,500 (2024:£10,500) in respect of vehicle costs by an unincorporated entity controlled by the directors. |
| As disclosed at note 16, under Section 413 of the Companies Act 2006 the company advanced the directors a total of £69,209 (2024: £56,895). The balance owed to the directors at the year end is £12,361 (2024: £1,821) and is interest free and disclosed within other creditors due in less than one year. |