Colt Security Systems Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02765450

Colt Security Systems Limited

Filleted Unaudited Financial Statements

31 March 2025

Colt Security Systems Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Colt Security Systems Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	5	2,800	4,200
Tangible assets	6	12,408	20,607
		--------	--------
		15,208	24,807

Current assets

Stocks		38,000	38,000
Debtors	7	333,316	310,931
Cash at bank and in hand		33,701	–
		---------	---------
		405,017	348,931

Creditors: amounts falling due within one year	8	162,463		124,500
		---------		---------
Net current assets			242,554		224,431
			---------		---------
Total assets less current liabilities			257,762		249,238

Provisions

Taxation including deferred tax	73	1,930
	---------	---------
Net assets	257,689	247,308
	---------	---------

Capital and reserves

Called up share capital	9	200	200
Profit and loss account		257,489	247,108
		---------	---------
Shareholders funds		257,689	247,308
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Colt Security Systems Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 11 October 2025 , and are signed on behalf of the board by:

M D Ockelford	G A Ockelford
Director	Director

Company registration number: 02765450

Colt Security Systems Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and Fittings	-	25% straight line
Motor vehicles	-	25% straight line
Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2024: 12 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	175,624
	---------
Amortisation
At 1 April 2024	171,424
Charge for the year	1,400
	---------
At 31 March 2025	172,824
	---------
Carrying amount
At 31 March 2025	2,800
	---------
At 31 March 2024	4,200
	---------

6. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	14,368	36,912	45,417	96,697
Additions	1,082	–	2,457	3,539
	--------	--------	--------	---------
At 31 March 2025	15,450	36,912	47,874	100,236
	--------	--------	--------	---------
Depreciation
At 1 April 2024	7,327	32,145	36,618	76,090
Charge for the year	2,873	3,575	5,290	11,738
	--------	--------	--------	---------
At 31 March 2025	10,200	35,720	41,908	87,828
	--------	--------	--------	---------
Carrying amount
At 31 March 2025	5,250	1,192	5,966	12,408
	--------	--------	--------	---------
At 31 March 2024	7,041	4,767	8,799	20,607
	--------	--------	--------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	100,904	78,540
Amounts owed by group undertakings	219,365	219,268
Prepayments and accrued income	13,047	11,898
Other debtors	–	1,225
	---------	---------
	333,316	310,931
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	23,242
Trade creditors	73,174	54,141
Accruals and deferred income	3,790	3,455
Corporation tax	16,181	10,993
Social security and other taxes	59,318	22,669
Other creditors	10,000	10,000
	---------	---------
	162,463	124,500
	---------	---------

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary A shares of £ 1 each	100	100	100	100
Ordinary B shares of £ 1 each	100	100	100	100
	----	----	----	----
	200	200	200	200
	----	----	----	----

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	45,753	50,560
Later than 1 year and not later than 5 years	82,296	134,600
	---------	---------
	128,049	185,160
	---------	---------

11. Related party transactions

At the year end the company was owed £219,365 (2024 - £219,268) by a related party which is shown amongst debtors.

12. Controlling party

The company is a subsidiary of Matlau Ltd, registered in England & Wales.