REGISTERED NUMBER: 05454802 (England and Wales)

CODE SECURITY SYSTEMS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J A Oliver

Mrs S A Oliver

SECRETARY:

Mrs S A Oliver

REGISTERED OFFICE:

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

REGISTERED NUMBER:

05454802 (England and Wales)

ACCOUNTANTS:

Andreas Kounnis Limited

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Tangible assets

4

272,721

270,676

CURRENT ASSETS

Stocks

119,785

133,252

Debtors

5

357,259

463,731

Cash at bank and in hand

147,308

113,572

624,352

710,555

CREDITORS

Amounts falling due within one year

6

338,649

336,707

NET CURRENT ASSETS

285,703

373,848

TOTAL ASSETS LESS CURRENT LIABILITIES

558,424

644,524

CREDITORS

Amounts falling due after more than one year

7

(109,661

)

(116,371

)

PROVISIONS FOR LIABILITIES

(7,523

)

(7,824

)

NET ASSETS

441,240

520,329

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Fair value reserve

9

60,448

60,448

Retained earnings

370,792

449,881

SHAREHOLDERS' FUNDS

441,240

520,329

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 11 December 2025 and were signed on its behalf by:

Mr J A Oliver - Director

1.	STATUTORY INFORMATION

Code Security Systems 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.	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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on cost and 15% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 21 (2024 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 May 2024

300,000

139,445

32,374

72,423

544,242

Additions

-

21,328

190

1,529

23,047

Disposals

-

(27,358

)

-

-

(27,358

)

Transfer to ownership

-

13,595

-

-

13,595

Reclassification/transfer

-

(13,595

)

-

-

(13,595

)

At 30 April 2025

300,000

133,415

32,564

73,952

539,931

DEPRECIATION

At 1 May 2024

64,598

110,872

29,058

69,038

273,566

Charge for year

6,000

6,456

916

1,609

14,981

Eliminated on disposal

-

(21,337

)

-

-

(21,337

)

At 30 April 2025

70,598

95,991

29,974

70,647

267,210

NET BOOK VALUE

At 30 April 2025

229,402

37,424

2,590

3,305

272,721

At 30 April 2024

235,402

28,573

3,316

3,385

270,676

Cost or valuation at 30 April 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2018

68,400

-

68,400

Cost

231,600

239,931

471,531

300,000

239,931

539,931

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST OR VALUATION

At 1 May 2024

60,221

Additions

20,761

Disposals

(15,053

)

At 30 April 2025

65,929

DEPRECIATION

At 1 May 2024

31,396

Charge for year

8,332

Eliminated on disposal

(9,032

)

Transfer to ownership

(8,157

)

At 30 April 2025

22,539

NET BOOK VALUE

At 30 April 2025

43,390

At 30 April 2024

28,825

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

300,356

422,750

Other debtors

56,903

40,981

357,259

463,731

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

40,304

27,491

Hire purchase contracts

8,653

9,518

Trade creditors

187,513

184,151

Taxation and social security

50,257

72,664

Other creditors

51,922

42,883

338,649

336,707

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

99,846

112,321

Hire purchase contracts

9,815

4,050

109,661

116,371

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

45,010

61,579

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

27,829

15,055

Bank loans

112,321

124,757

Hire purchase contracts

18,468

13,568

158,618

153,380

The bank loan is secured by a fixed and floating charge over all of the assets of the company.

9.

RESERVES

Fair

value

reserve

£

At 1 May 2024

and 30 April 2025

60,448

10.	CONTROLLING PARTY

The company is not under the control of any one person.