Company registration number 14981602 (England and Wales)
CANON BUSINESS CENTRE SOS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
CANON BUSINESS CENTRE SOS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
CANON BUSINESS CENTRE SOS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
4
-
0
12,400
Current assets
Stocks
-
176,674
Debtors
5
9,811
189,227
Cash at bank and in hand
4,975
100,988
14,786
466,889
Creditors: amounts falling due within one year
6
(298,010)
(336,383)
Net current (liabilities)/assets
(283,224)
130,506
Total assets less current liabilities
(283,224)
142,906
Creditors: amounts falling due after more than one year
7
-
0
(629,323)
Provisions for liabilities
-
(2,604)
Net liabilities
(283,224)
(489,021)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(283,324)
(489,121)
Total equity
(283,224)
(489,021)
CANON BUSINESS CENTRE SOS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
page 2

For the financial year ended 31 December 2025 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 24 March 2026 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 2025
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
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.

1.2
Going concern

The company ceased trading on 1 July 2025 and has no intention to recommence trading. Accordingly, the directors have prepared the financial statements on a break‑up basis, as the going concern basis is no longer appropriate.

Under this basis, assets and liabilities are measured at amounts expected to be realised or settled in the course of the company’s orderly wind‑down. The directors believe this basis of preparation provides a true and fair view of the company’s financial position at the reporting date.

1.3
Turnover

Turnover represents the fair value of consideration receivable for goods supplied and services rendered in the ordinary course of the company’s activities, net of value added tax and other sales taxes.

Revenue is recognised when the company has transferred control of the goods or services to the customer, in accordance with the terms of the relevant contract.

The company ceased trading on 1 July 2025 and, accordingly, turnover recognised in the year relates only to transactions arising prior to that date.

1.4
Tangible fixed assets

Tangible fixed assets were depreciated over their estimated useful lives until disposal. All tangible fixed assets were disposed of during the year following the cessation of trading on 1 July 2025.

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
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.

CANON BUSINESS CENTRE SOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
page 4
1.6
Financial instruments

The company has only basic financial instruments, being trade debtors, cash balances and amounts owed to its parent company. These are initially recognised at transaction price and subsequently measured at amortised cost.

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.

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.

1.7
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.

1.8
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.

CANON BUSINESS CENTRE SOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
page 5
1.9
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.

1.10
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.

2
Judgements and key sources of estimation uncertainty

The key judgement made by the directors relates to the preparation of the financial statements on a break‑up basis following the cessation of trading during the year.

3
Employees

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

2025
2024
Number
Number
Total
6
10
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2025
19,540
Disposals
(19,540)
At 31 December 2025
-
0
Depreciation and impairment
At 1 January 2025
7,140
Depreciation charged in the year
3,206
Eliminated in respect of disposals
(10,346)
At 31 December 2025
-
0
Carrying amount
At 31 December 2025
-
0
At 31 December 2024
12,400
CANON BUSINESS CENTRE SOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
page 6
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
9,811
119,418
Other debtors
-
0
19,809
9,811
139,227
2025
2024
Amounts falling due after more than one year:
£
£
Other debtors
-
0
50,000
Total debtors
9,811
189,227
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
10,143
273,577
Taxation and social security
4,529
9,525
Other creditors
283,338
53,281
298,010
336,383
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
-
0
629,323
8
Related Party

The company is a wholly owned subsidiary of S O S Systems Limited.

During the year, S O S Systems Limited provided financial support to the company in the form of unsecured, interest‑free loans to fund its operations and working capital requirements prior to the cessation of trade.

At 31 December 2025, the balance outstanding in respect of these loans amounted to £280,127 (2024: £590,939), which is included within creditors falling due within one year. (prior year was noted as creditors due in more than one year).

At the balance sheet date, the company held a small trade debtor balance and amounts payable to its parent company. The directors expect these balances to be settled in full during early 2026, following which the company will have no material assets or liabilities.

CANON BUSINESS CENTRE SOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
page 7
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
Cessation of trading and basis of preparation

The company ceased trading on 1 July 2025, at which point all ongoing trade and business activities were transferred to its parent company, S O S Systems Limited. From that date the company has not carried on any trading activities.

As a result, the directors have prepared these financial statements on a break‑up basis rather than a going concern basis. Under this basis, assets and liabilities are stated at amounts expected to be realised or settled in the course of winding down the company’s activities.

The directors consider that the use of the break‑up basis is appropriate as the company has permanently ceased trading and does not intend to recommence operations.

Following the cessation of trading on 1 July 2025, the company transferred its trading activities to its parent company, S O S Systems Limited. As part of this process, all remaining tangible fixed assets were sold to the parent company at arm’s length during the financial year.

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