Company registration number 14981602 (England and Wales)
CANON BUSINESS CENTRE SOS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
CANON BUSINESS CENTRE SOS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
CANON BUSINESS CENTRE SOS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
page 1
2024
2023
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
4
12,400
19,102
Current assets
Stocks
176,674
139,233
Debtors
5
189,227
479,034
Cash at bank and in hand
100,988
102,877
466,889
721,144
Creditors: amounts falling due within one year
6
(336,383)
(390,057)
Net current assets
130,506
331,087
Total assets less current liabilities
142,906
350,189
Creditors: amounts falling due after more than one year
7
(629,323)
(525,121)
Provisions for liabilities
(2,604)
(638)
Net liabilities
(489,021)
(175,570)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(489,121)
(175,670)
Total equity
(489,021)
(175,570)
CANON BUSINESS CENTRE SOS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
page 2

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 18 November 2025 and are signed on its behalf by:
Mr C Sills
Mr A Evans
Director
Director
Company registration number 14981602 (England and Wales)
CANON BUSINESS CENTRE SOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
page 3
1
Accounting policies
Company information

Canon Business Centre SOS Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5/6 The Merlin Centre, County Oak Way, Crawley, West Sussex, RH11 7XA.

1.1
Reporting period

The comparative figures presented in these financial statements are for the period from 5 July 2023 (date of incorporation) to 31 December 2023, which was a first accounting period of less than one year. As a result, the amounts presented in the financial statements are not entirely comparable between periods.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
33% Straight line
Computers
33% Straight line
Motor vehicles
33% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

CANON BUSINESS CENTRE SOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
page 4

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

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

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

CANON BUSINESS CENTRE SOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
page 5
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

The company operates a defined contribution pension scheme for its employees. Contributions to the scheme are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. The company has no further payment obligations once the contributions have been paid.

CANON BUSINESS CENTRE SOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
page 6
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
10
10
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024
19,740
Disposals
(200)
At 31 December 2024
19,540
Depreciation and impairment
At 1 January 2024
638
Depreciation charged in the year
6,580
Eliminated in respect of disposals
(78)
At 31 December 2024
7,140
Carrying amount
At 31 December 2024
12,400
At 31 December 2023
19,102
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
119,418
244,202
Other debtors
19,809
1,040
139,227
245,242
CANON BUSINESS CENTRE SOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
5
Debtors
(Continued)
page 7
2024
2023
Amounts falling due after more than one year:
£
£
Other debtors
50,000
233,792
Total debtors
189,227
479,034
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
273,577
221,999
Taxation and social security
9,525
59,709
Other creditors
53,281
108,349
336,383
390,057
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
629,323
525,121

Included within creditors due after more than one year is a balance in respect of negative goodwill of £38,384 (2023: £59,321). This amount represents deferred income arising from the recognition of negative goodwill on acquisition, which is being released to the profit and loss account over the expected useful life of the related assets.

8
Related Party

During the year, S O S Systems Limited provided loans to the company to support its operations. The balance outstanding on these loans at 31 December 2024 was £590,939 (2023: £465,800). The loans are unsecured, interest free, and recognised as a long term loan in these accounts.

9
Parent Company

The company is a wholly owned subsidiary of S O S Systems Limited, a company incorporated in England and Wales, its registered office is 5/6 The Merlin Centre, County Oak Way, Crawley, West Sussex, RH11 7XA.

10
Prior period adjustment
Adjustments to equity
The prior period adjustments do not give rise to any effect upon equity.
CANON BUSINESS CENTRE SOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
10
Prior period adjustment
(Continued)
page 8
Adjustments to loss for the previous financial period
2023
£
Total adjustments
-
Notes to adjustments

During the year, the company restated its balance sheet comparatives to reclassify negative goodwill, which had previously been reported as a negative fixed asset, as non-current deferred income. This adjustment has no impact on retained earnings or the reported loss for the prior period. The negative goodwill is now being unwound to the profit and loss account over the period expected to benefit from the underlying business combination. Comparative figures have been restated accordingly.

2024-12-31 2024-01-01 false false false 19 November 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr C Sills Mr A Evans 14981602 2024-01-01 2024-12-31 14981602 2024-12-31 14981602 2023-12-31 14981602 core:OtherPropertyPlantEquipment 2024-12-31 14981602 core:OtherPropertyPlantEquipment 2023-12-31 14981602 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 14981602 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 14981602 core:WithinOneYear 2024-12-31 14981602 core:WithinOneYear 2023-12-31 14981602 core:AfterOneYear 2024-12-31 14981602 core:AfterOneYear 2023-12-31 14981602 core:CurrentFinancialInstruments 2024-12-31 14981602 core:CurrentFinancialInstruments 2023-12-31 14981602 core:ShareCapital 2024-12-31 14981602 core:ShareCapital 2023-12-31 14981602 core:RetainedEarningsAccumulatedLosses 2024-12-31 14981602 core:RetainedEarningsAccumulatedLosses 2023-12-31 14981602 bus:Director1 2024-01-01 2024-12-31 14981602 bus:Director2 2024-01-01 2024-12-31 14981602 core:FurnitureFittings 2024-01-01 2024-12-31 14981602 core:ComputerEquipment 2024-01-01 2024-12-31 14981602 core:MotorVehicles 2024-01-01 2024-12-31 14981602 2023-07-05 2023-12-31 14981602 core:OtherPropertyPlantEquipment 2023-12-31 14981602 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 14981602 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 14981602 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 14981602 core:Non-currentFinancialInstruments 2024-12-31 14981602 core:Non-currentFinancialInstruments 2023-12-31 14981602 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14981602 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14981602 bus:FRS102 2024-01-01 2024-12-31 14981602 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 14981602 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP