Registered number
02955043
Reay Security Limited
Filleted Accounts
31 August 2025

Reay Security Limited
Registered number: | 02955043
Balance Sheet
as at 31 August 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
(as restated)
Fixed assets
Tangible assets | 3 |  |  | 1,083,161 |  |  | 1,318,920
Current assets
Stocks |  |  | - |  |  | 25,589
Debtors | 4 |  | 790,205 |  |  | 701,957
Cash at bank and in hand |  |  | 511,561 |  |  | 230,356
|  |  | 1,301,766 |  |  | 957,902
Creditors: amounts falling due within one year | 5 |  | (391,501) |  |  | (318,710)
Net current assets |  |  |  | 910,265 |  |  | 639,192
Total assets less current liabilities |  |  |  | 1,993,426 |  |  | 1,958,112
Provisions for liabilities |  |  |  | (126,000) |  |  | (211,000)
Net assets |  |  |  | 1,867,426 |  |  | 1,747,112
Capital and reserves
Called up share capital |  |  |  | 10,000 |  |  | 10,000
Share premium |  |  |  | 44,000 |  |  | 44,000
Profit and loss account |  |  |  | 1,813,426 |  |  | 1,693,112
Shareholder's funds |  |  |  | 1,867,426 |  |  | 1,747,112
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Daryl Peart
Director
Approved by the board on 12 February 2026

Reay Security Limited
Notes to the Accounts
for the year ended 31 August 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
| Leasehold land and buildings | over the lease term
| Plant and machinery | over 5 years
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Leased assets
| A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
| Pensions
| Contributions to defined contribution plans are expensed in the period to which they relate.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 42 |  | 41
3 | Tangible fixed assets
|  |  |  | Land and buildings |  | Plant and machinery etc |  | Total
£ | £ | £
| Cost
| At 1 September 2024 | 617,354 |  | 6,513,675 |  | 7,131,029
| Additions | - |  | 131,733 |  | 131,733
| Disposals | - |  | (250,000) |  | (250,000)
| At 31 August 2025 | 617,354 |  | 6,395,408 |  | 7,012,762
| Depreciation
| At 1 September 2024 | 176,998 |  | 5,635,111 |  | 5,812,109
| Charge for the year | 23,033 |  | 344,459 |  | 367,492
| On disposals | - |  | (250,000) |  | (250,000)
| At 31 August 2025 | 200,031 |  | 5,729,570 |  | 5,929,601
| Net book value
| At 31 August 2025 | 417,323 |  | 665,838 |  | 1,083,161
| At 31 August 2024 | 440,356 |  | 878,564 |  | 1,318,920
4 | Debtors | 2025 |  | 2024
£ | £
|  |  |  |  |  |  |  | (as restated)
| Trade debtors | 551,607 |  | 640,513
| Amounts owed by group undertakings and undertakings in which the company has a participating interest |  | 238,598 |  | 52,922
| Other debtors | - |  | 8,522
|  |  |  |  |  | 790,205 |  | 701,957
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Trade creditors | 90,837 |  | 210,108
| Taxation and social security costs | 254,418 |  | 91,492
| Other creditors | 46,246 |  | 17,110
|  |  |  |  |  | 391,501 |  | 318,710
6 | Revaluation reserve | 2025 |  | 2024
£ | £
| At 1 September 2024 | - |  | 2,746
| Transfer to profit and loss account | - |  | (2,746)
| At 31 August 2025 | - |  | -
7 | Other financial commitments | 2025 |  | 2024
£ | £
| Total future minimum payments under non-cancellable operating leases |  | 253,974 |  | 279,274
8 | Prior year adjustment
| TimeC 1864 Limited acquired the entire issued share capital of Reay Security Limited on 30 April 2024. As part of this transaction, an intercompany debt from Reay Security Properties Limited to Reay Security Limited was released, with a deed of release signed on 30 April 2024. The release of this debt in the amount of £749,475 was not reflected in the accounts of either TimeC 1864 Limited or Reay Security Limited, for the year ended 31 August 2024.
| The impact of the prior year adjustment required to restate the comparative figures in these accounts is to include an exceptional cost of £749,475 in the profit and loss account and reduce the balance sheet 'Debtors: Amounts owed by group undertakings', and the net assets position at 31 August 2024, by the same amount.
9 | Controlling party
| The company is a wholly owned subsidiary of TimeC 1864 Limited, whose registered address is 32 Time Central, Gallowgate, Newcastle Upon Tyne, Tyne And Wear NE1 4BF.
10 | Other information
| Reay Security Limited is a private company limited by shares and incorporated in England. Its registered office is:
| Arms Evertyne House
| Quay Road, Dun Cow Quay
| Blyth
| Northumberland
| NE24 2AS

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