Core Fire Protection Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: SC507231

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		149,102		27,913
Tangible Fixed Assets	5		80,430		65,412
Investments	6		-		138,100

			229,532		231,425
CURRENT ASSETS
Debtors	7	52,538		-
Investments	8	500		502
Cash at bank and in hand		122		100

		53,160		602
Creditors: Amounts Falling Due Within One Year	9	(246,504 )		(213,309 )

NET CURRENT ASSETS (LIABILITIES)			(193,344 )		(212,707 )

TOTAL ASSETS LESS CURRENT LIABILITIES			36,188		18,718

PROVISIONS FOR LIABILITIES
Deferred Taxation			(15,281 )		(12,429 )

NET ASSETS			20,907		6,289

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			20,807		6,189

SHAREHOLDERS' FUNDS			20,907		6,289

Page 1

Page 2

Core Fire Protection Ltd

Balance Sheet (continued)

As At 30 June 2025

For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

Mr R M Bonthrone

Director

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Core Fire Protection Ltd is a private company, limited by shares, registered in Scotland, company registration number SC507231 . The registered office is Unit 4 Woodville Park Industrial Estate, Woodville Street, Glasgow, G51 2RL.

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

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Significant judgements and estimations

Judgements

The company considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements. The directors consider there to be no such significant judgements.

Provisions

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

2.4. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recognised when the significant risks and rewards of ownership of the goods and services have transferred to the buyer

2.5. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of eight years.

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.

2.6. Tangible Fixed Assets and Depreciation

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

Leashold improvements	20% on cost
Plant and machinery etc	25% on reducing balance, 25% and 20% on cost

Tangible fixed assets are included at cost less accumulated depreciation and impairment.

Impairment of tangible fixed assets

At each reporting date non-financial assets not carried at fair value, like plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount which is the higher of value in use and fair value less cost to sell, is estimated and compared with the carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.

2.7. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

Page 3

Page 4

Core Fire Protection Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

2.8. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and investments in non-puttable ordinary shares.

Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

2.9. Taxation

Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors considers that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

With the exception of changes arising on the initial recognition of a business combination, the tax expense is

presented either in profit or loss, other comprehensive income or statement of changes in equity depending on the transaction that resulted in the tax expense.

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 1)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 July 2024	27,913
Transfers	138,100

As at 30 June 2025	166,013

Amortisation
As at 1 July 2024	-
Provided during the period	16,911

As at 30 June 2025	16,911

Net Book Value
As at 30 June 2025	149,102

As at 1 July 2024	27,913

Page 4

Page 5

Core Fire Protection Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

5. Tangible Fixed Assets

	Land & Buildings	Plant & Machinery etc.	Total
	£	£	£
Cost
As at 1 July 2024	37,773	179,326	217,099
Additions	32,204	15,076	47,280
Transfers	-	208	208

As at 30 June 2025	69,977	194,610	264,587

Depreciation
As at 1 July 2024	28,219	123,468	151,687
Provided during the period	5,815	26,655	32,470

As at 30 June 2025	34,034	150,123	184,157

Net Book Value
As at 30 June 2025	35,943	44,487	80,430

As at 1 July 2024	9,554	55,858	65,412

6. Investments

	Other
	£
Cost or Valuation
As at 1 July 2024	138,100
Transfers	(138,100 )

As at 30 June 2025	-

Provision
As at 1 July 2024	-

As at 30 June 2025	-

Net Book Value
As at 30 June 2025	-

As at 1 July 2024	138,100

7. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	42,030	-
Due after more than one year
Other debtors	10,508	-

	52,538	-

Debtors include amounts receivable in respect of the disposal of Argyll Fire Limited. At the balance sheet date, £31,523 had been received, with the remaining balance of £52,538 included within debtors. Of this balance, £42,030 is due within one year and £10,508 is due after more than one year.

Page 5

Page 6

Core Fire Protection Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

8. Current Asset Investments

	2025	2024
	£	£
Shares in subsidiaries	500	502

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Amounts owed to group undertakings	245,804	212,507
Other creditors	700	802

	246,504	213,309

Page 6