REGISTERED NUMBER: 02187609 (England and Wales)

Financial Statements for the Year Ended 30 November 2025

for

Smith Myers Communications Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr P J Myers

Mr A Munro

Mr N Herbert

Mr J Gillespie

Mr S Alford

SECRETARY:

Mr P J Myers

REGISTERED OFFICE:

The Omega Centre

Stratton Business Park

London Road

Biggleswade

Bedfordshire

SG18 8QB

REGISTERED NUMBER:

02187609 (England and Wales)

AUDITORS:

GH Audit Limited

Brigham House

93 High Street

Biggleswade

Bedfordshire

SG18 0LD

FIXED ASSETS

Tangible assets

5

72,568

59,424

CURRENT ASSETS

Stocks

3,415,072

3,657,628

Debtors

6

1,338,457

2,385,510

Cash at bank and in hand

5,834,915

1,475,638

10,588,444

7,518,776

CREDITORS

Amounts falling due within one year

7

653,855

328,055

NET CURRENT ASSETS

9,934,589

7,190,721

TOTAL ASSETS LESS CURRENT LIABILITIES

10,007,157

7,250,145

PROVISIONS FOR LIABILITIES

17,456

14,019

NET ASSETS

9,989,701

7,236,126

CAPITAL AND RESERVES

Called up share capital

10

94

94

Share premium

5,394

5,394

Retained earnings

9,984,213

7,230,638

SHAREHOLDERS' FUNDS

9,989,701

7,236,126

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 28 July 2026 and were signed on its behalf by:

Mr S Alford - Director

1.	STATUTORY INFORMATION

Smith Myers Communications 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of products, being both cellular test equipment and search and rescue equipment, is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 20% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

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

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2024 - 29 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2024

161,516

613,602

775,118

Additions

-

33,758

33,758

At 30 November 2025

161,516

647,360

808,876

DEPRECIATION

At 1 December 2024

128,504

587,190

715,694

Charge for year

7,166

13,448

20,614

At 30 November 2025

135,670

600,638

736,308

NET BOOK VALUE

At 30 November 2025

25,846

46,722

72,568

At 30 November 2024

33,012

26,412

59,424

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Trade debtors

681,894

2,174,259

Other debtors

656,563

211,251

1,338,457

2,385,510

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Trade creditors

330,439

64,233

Taxation and social security

253,317

212,650

Other creditors

70,099

51,172

653,855

328,055

8.	LEASING AGREEMENTS

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

30/11/25

30/11/24

£

£

Within one year

56,000

56,000

Between one and five years

70,000

126,000

126,000

182,000

9.	SECURED DEBTS

The company's bank has a fixed and floating charge over the assets of the company.

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30/11/25

30/11/24

value:

£

£

94

Share capital 1

£1

94

94

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Colin Airey FCCA (Senior Statutory Auditor)

for and on behalf of GH Audit Limited