IRIS Accounts Production v25.4.0.155 SC640916 Board of Directors 1.10.24 30.9.25 30.9.25 false true false false true false Ordinary Shares 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC640916 2024-09-30 SC640916 2025-09-30 SC640916 2024-10-01 2025-09-30 SC640916 2023-09-30 SC640916 2023-10-01 2024-09-30 SC640916 2024-09-30 SC640916 ns15:Scotland 2024-10-01 2025-09-30 SC640916 ns14:PoundSterling 2024-10-01 2025-09-30 SC640916 ns10:Director1 2024-10-01 2025-09-30 SC640916 ns10:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 SC640916 ns10:SmallEntities 2024-10-01 2025-09-30 SC640916 ns10:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 SC640916 ns10:SmallCompaniesRegimeForDirectorsReport 2024-10-01 2025-09-30 SC640916 ns10:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 SC640916 ns10:AbridgedAccounts 2024-10-01 2025-09-30 SC640916 ns10:OrdinaryShareClass1 2024-10-01 2025-09-30 SC640916 ns10:Director2 2024-10-01 2025-09-30 SC640916 ns10:Director3 2024-10-01 2025-09-30 SC640916 ns10:Director4 2024-10-01 2025-09-30 SC640916 ns10:RegisteredOffice 2024-10-01 2025-09-30 SC640916 ns5:CurrentFinancialInstruments 2025-09-30 SC640916 ns5:CurrentFinancialInstruments 2024-09-30 SC640916 ns5:Non-currentFinancialInstruments 2025-09-30 SC640916 ns5:Non-currentFinancialInstruments 2024-09-30 SC640916 ns5:ShareCapital 2025-09-30 SC640916 ns5:ShareCapital 2024-09-30 SC640916 ns5:RetainedEarningsAccumulatedLosses 2025-09-30 SC640916 ns5:RetainedEarningsAccumulatedLosses 2024-09-30 SC640916 ns5:Secured 2025-09-30 SC640916 ns5:Secured 2024-09-30 SC640916 ns10:OrdinaryShareClass1 2025-09-30 SC640916 ns10:Director2 2 2024-09-30 SC640916 ns10:Director2 2 2023-09-30 SC640916 ns10:Director2 2 2024-10-01 2025-09-30 SC640916 ns10:Director2 2 2023-10-01 2024-09-30 SC640916 ns10:Director2 2 2025-09-30 SC640916 ns10:Director2 2 2024-09-30 SC640916 1 ns10:Director1 2024-09-30 SC640916 1 ns10:Director1 2023-09-30 SC640916 1 ns10:Director1 2024-10-01 2025-09-30 SC640916 1 ns10:Director1 2023-10-01 2024-09-30 SC640916 1 ns10:Director1 2025-09-30 SC640916 1 ns10:Director1 2024-09-30

REGISTERED NUMBER: SC640916 (Scotland)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

CORE TIMBER SYSTEMS LIMITED

CORE TIMBER SYSTEMS LIMITED (REGISTERED NUMBER: SC640916)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page |

Company Information | 1 |

Abridged Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Chartered Accountants' Report | 8 |

CORE TIMBER SYSTEMS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| DIRECTORS: | M R Campbell

| T O'Moore

| Mrs K Campbell

| Mrs L R O'Moore

| REGISTERED OFFICE: | 37 Portland Road

| Kilmarnock

| KA1 2DJ

| REGISTERED NUMBER: | SC640916 (Scotland)

| ACCOUNTANTS: | Gilmour Hamilton LLP

| Chartered Accountants

| 37 Portland Road

| KILMARNOCK

| Ayrshire

| KA1 2DJ

CORE TIMBER SYSTEMS LIMITED (REGISTERED NUMBER: SC640916)

ABRIDGED BALANCE SHEET

30 SEPTEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 595,549 |  | 717,494 |  |

CURRENT ASSETS

Stocks | 599,357 |  | 356,410 |  |

Debtors | 1,069,777 |  | 682,513 |  |

Cash at bank and in hand | 797,620 |  | 981,577 |  |

2,466,754 |  | 2,020,500 |  |

CREDITORS

Amounts falling due within one year | 1,363,770 |  | 1,123,187 |  |

NET CURRENT ASSETS | 1,102,984 |  | 897,313 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,698,533 |  | 1,614,807 |  |

CREDITORS

Amounts falling due after more than one year | 5 | (298,337 | ) | (371,514 | ) |

PROVISIONS FOR LIABILITIES | (61,335 | ) | (89,716 | ) |

NET ASSETS | 1,338,861 |  | 1,153,577 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 100 |  | 100 |  |

Retained earnings | 1,338,761 |  | 1,153,477 |  |

SHAREHOLDERS' FUNDS | 1,338,861 |  | 1,153,577 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

CORE TIMBER SYSTEMS LIMITED (REGISTERED NUMBER: SC640916)

ABRIDGED BALANCE SHEET - continued

30 SEPTEMBER 2025

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 December 2025 and were signed on its behalf by:

M R Campbell - Director

CORE TIMBER SYSTEMS LIMITED (REGISTERED NUMBER: SC640916)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. | STATUTORY INFORMATION

| Core Timber Systems Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

| The financial statements are presented in pounds sterling (£) which is the functional currency of the company and rounded to the nearest £.

| The company's place of business is Unit 1, Capital Business Park, Drakemyre, Dalry, KA24 5JD.

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.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| 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 :

| Freehold property - 2% on cost

| Plant and machinery etc. - 20% on cost

| Stocks

| Stocks and work-in-progress (except long-term contract balances) are stated at the lower of cost and net realisable value. Cost is calculated using the first-in-first out method and consists of material and direct labour costs, together with an appropriate proportion of production overheads.

| Long-term contracts are assessed on a contract by contract basis and are reflected in the company's performance by recording turnover and related costs as contract activity progresses. Where the outcome of each long- term contract can be assessed with reasonable certainty before it's conclusion, the attributable profit is recognised in the profit and loss account as the difference between the reported turnover and related costs for that contract.

| Financial instruments

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

CORE TIMBER SYSTEMS LIMITED (REGISTERED NUMBER: SC640916)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| 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 that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences.

| 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 the income statement 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.

| Employee benefits

| When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 35 (2024 - 28 ) .

CORE TIMBER SYSTEMS LIMITED (REGISTERED NUMBER: SC640916)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 October 2024 | 1,103,634 |  |

| Additions | 5,598 |  |

| Disposals | (10,610 | ) |

| At 30 September 2025 | 1,098,622 |  |

| DEPRECIATION

| At 1 October 2024 | 386,140 |  |

| Charge for year | 119,543 |  |

| Eliminated on disposal | (2,610 | ) |

| At 30 September 2025 | 503,073 |  |

| NET BOOK VALUE

| At 30 September 2025 | 595,549 |  |

| At 30 September 2024 | 717,494 |  |

5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |

2025 | 2024 |

£ | £ |

| Repayable by instalments

| Bank loans | 120,901 |  | 136,227 |  |

| Other loans | - |  | 166 |  |

120,901 |  | 136,393 |  |

6. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loan | 205,351 |  | 216,573 |  |

| Other loans | - |  | 10,243 |  |

205,351 |  | 226,816 |  |

| The bank loan is secured by a standard security in favour of the Royal Bank of Scotland plc.

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ordinary Shares | 1 | 100 |  | 100 |  |

8. | LEASE COMMITMENTS

| The company has total future lease commitments of £785.

CORE TIMBER SYSTEMS LIMITED (REGISTERED NUMBER: SC640916)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 30 September 2025 and 30 September 2024:

2025 | 2024 |

£ | £ |

| T O'Moore

| Balance outstanding at start of year | 1,287 |  | (47,523 | ) |

| Amounts advanced | 24,314 |  | 48,810 |  |

| Amounts repaid | (19,616 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 5,985 |  | 1,287 |  |

| M R Campbell

| Balance outstanding at start of year | (818 | ) | (47,712 | ) |

| Amounts advanced | 2,298 |  | 46,894 |  |

| Amounts repaid | (451 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 1,029 |  | (818 | ) |

10. | CONTROLLING PARTY

| The controlling party is Core Systems Holdings Limited.

| The Directors of the parent company are considered to be the ultimate controlling party by virtue of their ability to act in concert in respect of the operational and financial policies of the company.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

CORE TIMBER SYSTEMS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Core Timber Systems Limited for the year ended 30 September 2025 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Core Timber Systems Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Core Timber Systems Limited and state those matters that we have agreed to state to the Board of Directors of Core Timber Systems Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Core Timber Systems Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Core Timber Systems Limited. You consider that Core Timber Systems Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Core Timber Systems Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Gilmour Hamilton LLP

Chartered Accountants

37 Portland Road

KILMARNOCK

Ayrshire

KA1 2DJ

17 December 2025