REGISTERED NUMBER: 09663987 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Celkom Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr L Komarnicki

Mrs C Komarnicka

SECRETARY:

Mrs C Komarnicka

REGISTERED OFFICE:

Unit 8

Brockett Industrial Estate

Acaster Malbis

York

North Yorkshire

YO23 2PT

REGISTERED NUMBER:

09663987 (England and Wales)

ACCOUNTANTS:

The Sanders Partnership

Chartered Accountants

19 King Street

The Civic Quarter

Wakefield

West Yorkshire

WF1 2SQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

816,230

982,936

Investments

6

10,122

10,122

826,352

993,058

CURRENT ASSETS

Debtors

7

1,224,603

937,967

Cash at bank

12,239

12,322

1,236,842

950,289

CREDITORS

Amounts falling due within one year

8

1,502,280

1,269,398

NET CURRENT LIABILITIES

(265,438

)

(319,109

)

TOTAL ASSETS LESS CURRENT LIABILITIES

560,914

673,949

CREDITORS

Amounts falling due after more than one year

9

(156,721

)

(272,160

)

PROVISIONS FOR LIABILITIES

(177,111

)

(188,805

)

NET ASSETS

227,082

212,984

CAPITAL AND RESERVES

Called up share capital

122

122

Retained earnings

226,960

212,862

227,082

212,984

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2026 and were signed on its behalf by:

Mr L Komarnicki - Director

Mrs C Komarnicka - Director

1.	STATUTORY INFORMATION

Celkom Limited 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.

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.

The accounts have been prepared on a going concern basis because although the business has struggled with the cashflow to meet HMRC obligations when they fall due, arrangements have been put in place with HMRC and continue ongoing to be put in place. In addition the directors continue with plans to financially support the business ongoing. Although these conditions indicate the existence of material uncertainty the likely trading conditions have been considered for a period over the next 12 months including the impact of the war in Iran on fuel prices and the directors have concluded that it is appropriate to continue to prepare the accounts on a going concern basis.

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

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five 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.

Short leasehold

-

at varying rates on cost

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Provisions

Provisions are only set up where it is probable that a present obligation exists as a result of an event prior to the balance sheet and that a payment will be required in settlement that can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2024 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2024

and 31 July 2025

10,000

AMORTISATION

At 1 August 2024

and 31 July 2025

10,000

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 August 2024

15,831

41,636

16,097

Additions

20,842

1,965

-

Disposals

-

-

-

Impairments

-

-

-

At 31 July 2025

36,673

43,601

16,097

DEPRECIATION

At 1 August 2024

12,577

6,001

5,902

Charge for year

5,124

4,237

1,600

Eliminated on disposal

-

-

-

At 31 July 2025

17,701

10,238

7,502

NET BOOK VALUE

At 31 July 2025

18,972

33,363

8,595

At 31 July 2024

3,254

35,635

10,195

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 August 2024

1,491,884

3,726

1,569,174

Additions

74,899

-

97,706

Disposals

(75,825

)

-

(75,825

)

Impairments

(5,793

)

-

(5,793

)

At 31 July 2025

1,485,165

3,726

1,585,262

DEPRECIATION

At 1 August 2024

559,653

2,105

586,238

Charge for year

235,789

851

247,601

Eliminated on disposal

(64,807

)

-

(64,807

)

At 31 July 2025

730,635

2,956

769,032

NET BOOK VALUE

At 31 July 2025

754,530

770

816,230

At 31 July 2024

932,231

1,621

982,936

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 August 2024

25,000

914,280

939,280

Additions

-

48,750

48,750

Transfer to ownership

-

(138,340

)

(138,340

)

At 31 July 2025

25,000

824,690

849,690

DEPRECIATION

At 1 August 2024

417

248,481

248,898

Charge for year

2,500

166,450

168,950

Transfer to ownership

-

(73,489

)

(73,489

)

At 31 July 2025

2,917

341,442

344,359

NET BOOK VALUE

At 31 July 2025

22,083

483,248

505,331

At 31 July 2024

24,583

665,799

690,382

6.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 August 2024

and 31 July 2025

122

10,000

10,122

NET BOOK VALUE

At 31 July 2025

122

10,000

10,122

At 31 July 2024

122

10,000

10,122

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,020,794

891,620

Amounts owed by group undertakings

142,517

2,378

Other debtors

13,998

5,455

Directors' current accounts

11,962

-

Prepayments

35,332

38,514

1,224,603

937,967

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

633,332

423,398

Hire purchase contracts

188,560

282,705

Trade creditors

333,598

348,949

Taxation and social security

284,159

132,780

Other creditors

62,631

81,566

1,502,280

1,269,398

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

8,169

8,333

Hire purchase contracts

148,552

263,827

156,721

272,160

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

337,112

546,532

Bank loan

609,996

392,369

947,108

938,901

The hire purchase contract debt is secured against the asset to which it relates and personal guarantee by the director Mr L Komarnicki

The bank loan debt is secured by the way of an all asset debenture and by a personal guarantee limited to £50,000 by the director Mr L Komarnicki.

11.	OTHER FINANCIAL COMMITMENTS

On 1st October 2024 Celkom Limited signed a guarantee on behalf of a subsidiary company, Celkom Warehousing Limited, in relation to a lease agreement for a warehouse at Acaster Airfield for £17,060 per month plus VAT for 10 years to 30 September 2034. This is subject to a rent review in October 2029.

On 1st November 2024 Celkom Limited signed a guarantee on behalf of a subsidiary company, Celkom Warehousing Limited, in relation to a hire purchase agreement for £1,012 per month to December 2029.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2025 and 31 July 2024:

2025

2024

£

£

Mrs C Komarnicka

Balance outstanding at start of year

-

2,465

Amounts advanced

4,126

-

Amounts repaid

-

(2,465

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,126

-

Mr L Komarnicki

Balance outstanding at start of year

-

-

Amounts advanced

7,836

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,836

-

The loan is repayable on demand and interest of 3.75% has been charged on the loan (2024: 2.25%).

13.	RELATED PARTY DISCLOSURES