REGISTERED NUMBER: SC075023 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

THOM MICRO SYSTEMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Thom

R Thom

M Newland

SECRETARY:

A J Thom

REGISTERED OFFICE:

7 Central Park Avenue

Larbert

Falkirk

FK5 4RX

REGISTERED NUMBER:

SC075023 (Scotland)

ACCOUNTANTS:

Robert J Hart & Company

Chartered Accountants

Arran House

15D Skye Road

Prestwick

Ayrshire

KA9 2TA

FIXED ASSETS

Tangible assets

4

137,381

151,742

CURRENT ASSETS

Debtors

5

616,969

430,085

Cash at bank and in hand

2,694,877

2,524,273

3,311,846

2,954,358

CREDITORS

Amounts falling due within one year

6

1,139,826

1,119,521

NET CURRENT ASSETS

2,172,020

1,834,837

TOTAL ASSETS LESS CURRENT LIABILITIES

2,309,401

1,986,579

PROVISIONS FOR LIABILITIES

9,386

8,018

NET ASSETS

2,300,015

1,978,561

CAPITAL AND RESERVES

Called up share capital

5,600

5,600

Share premium

13,600

13,600

Capital redemption reserve

13,000

13,000

Retained earnings

2,267,815

1,946,361

2,300,015

1,978,561

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 22 September 2026 and were signed on its behalf by:

R Thom - Director

1.	STATUTORY INFORMATION

Thom Micro Systems Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax,

returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

Tangible fixed assets

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

Buildings - 4% straight line basis

Plant and machinery etc - 25% on reducing balance, 100% on cost, 50% on cost, and 20% on cost.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost

At 1 January 2025

385,408

345,077

730,485

Additions

-

46,156

46,156

Disposals

-

(58,190

)

(58,190

)

At 31 December 2025

385,408

333,043

718,451

Depreciation

At 1 January 2025

278,162

300,581

578,743

Charge for year

12,671

23,297

35,968

Eliminated on disposal

-

(33,641

)

(33,641

)

At 31 December 2025

290,833

290,237

581,070

Net book value

At 31 December 2025

94,575

42,806

137,381

At 31 December 2024

107,246

44,496

151,742

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

573,469

380,610

Other debtors

43,500

49,475

616,969

430,085

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

243,505

166,490

Taxation and social security

229,616

175,174

Other creditors

666,705

777,857

1,139,826

1,119,521

7.	LEASING AGREEMENTS

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

31.12.25

31.12.24

£

£

Within one year

7,462

-

Between one and five years

16,168

-

23,630

-

8.	RELATED PARTY DISCLOSURES

Other loans included within other creditors of £nil (2024: £100,000) payable to directors and shareholders were interest free and repayable on demand were fully repaid during the year.