Kore Technology Solutions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC435662 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

KORE TECHNOLOGY SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D E Booth

R Pirie

D Booth

REGISTERED OFFICE:

6 Peregrine Road

Westhill Business Park

Westhill

Aberdeenshire

AB32 6JL

REGISTERED NUMBER:

SC435662 (Scotland)

ACCOUNTANTS:

Fyfe Moir & Associates

1st Floor, 5 Abercrombie Crt

Prospect Road,

Westhill

Aberdeenshire

Grampian

AB32 6FE

FIXED ASSETS

Tangible assets

4

69,101

90,644

CURRENT ASSETS

Stocks

5

2,552

2,850

Debtors

6

833,410

829,745

Cash at bank and in hand

44,034

15,693

879,996

848,288

CREDITORS

Amounts falling due within one year

7

324,296

353,020

NET CURRENT ASSETS

555,700

495,268

TOTAL ASSETS LESS CURRENT
LIABILITIES

624,801

585,912

CREDITORS

Amounts falling due after more than one year

8

(57,383

)

(82,266

)

PROVISIONS FOR LIABILITIES

11

(17,275

)

(22,661

)

NET ASSETS

550,143

480,985

CAPITAL AND RESERVES

Called up share capital

125,000

Share premium

65,000

Retained earnings

360,143

290,985

SHAREHOLDERS' FUNDS

550,143

480,985

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 8 June 2026 and were signed on its behalf by:

D E Booth - Director

1.	STATUTORY INFORMATION

Kore Technology Solutions 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.

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.

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.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 18 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

COST

At 1 January 2025

3,300

32,349

42,494

Additions

-

Disposals

-

At 31 December 2025

3,300

32,349

42,494

DEPRECIATION

At 1 January 2025

1,132

29,023

41,962

Charge for year

331

831

410

Eliminated on disposal

-

At 31 December 2025

1,463

29,854

42,372

NET BOOK VALUE

At 31 December 2025

1,837

2,495

122

At 31 December 2024

2,168

3,326

532

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 January 2025

143,145

19,970

241,258

Additions

-

2,243

Disposals

-

(324

)

(324

)

At 31 December 2025

143,145

21,889

243,177

DEPRECIATION

At 1 January 2025

60,021

18,476

150,614

Charge for year

20,782

1,432

23,786

Eliminated on disposal

-

(324

)

(324

)

At 31 December 2025

80,803

19,584

174,076

NET BOOK VALUE

At 31 December 2025

62,342

2,305

69,101

At 31 December 2024

83,124

1,494

90,644

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

Motor

vehicles

£

COST

At 1 January 2025

and 31 December 2025

143,145

DEPRECIATION

At 1 January 2025

60,021

Charge for year

20,782

At 31 December 2025

80,803

NET BOOK VALUE

At 31 December 2025

62,342

At 31 December 2024

83,124

5.

STOCKS

31.12.25

31.12.24

£

Work-in-progress

2,552

2,850

6.

DEBTORS

31.12.25

31.12.24

£

Amounts falling due within one year:

Trade debtors

308,220

305,534

Other debtors

370,943

371,043

Prepayments

26,079

25,000

705,242

701,577

Amounts falling due after more than one year:

Other debtors

127,500

Tax

668

128,168

Aggregate amounts

833,410

829,745

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Bank loans and overdrafts (see note 9)

4,167

70,901

Hire purchase contracts

21,815

20,705

Trade creditors

74,240

55,189

Tax

57,717

45,525

Social security and other taxes

20,998

20,690

VAT

94,561

95,372

Other creditors

31,314

39,287

Directors' current accounts

185

-

Accrued expenses

19,299

5,351

324,296

353,020

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.25

31.12.24

£

Bank loans (see note 9)

-

3,067

Hire purchase contracts

57,383

79,199

57,383

82,266

9.

LOANS

An analysis of the maturity of loans is given below:

31.12.25

31.12.24

£

Amounts falling due within one year or on demand:

Bank overdrafts

-

59,801

Bank loans

4,167

11,100

4,167

70,901

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

3,067

10.	SECURED DEBTS

A Bond & Floating charge was created on the 19th December 2012 in favour of Lloyds TSB Commercial Finance Ltd, Undertaking & all property & assets present & future, including uncalled capital.

Contains floating charge.

A charge was created on 21st October 2020 in favour of Bank of Scotland Plc, Floating charge covers all the property or undertaking of the company.

11.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

Deferred tax

17,275

22,661

Deferred

tax

£

Balance at 1 January 2025

22,661

Movement

(5,386

)

Balance at 31 December 2025

17,275

12.	ULTIMATE CONTROLLING PARTY

Karab Ltd owns 80% of the shares in Kore Technology Solutions Ltd. Duncan Booth is a director of both Karab Ltd and Kore Technology Solutions Ltd.