Company registration number 04119865 (England and Wales)
Tate Security Technology Limited
Unaudited Financial Statements
For the year ended 31 August 2025
Tate Security Technology Limited
Company Information
Directors
Mr J L Strickland
Mr P D Eaton
(Appointed 1 July 2025)
Mr C D Swift
Secretary
Mr J L Strickland
Company number
04119865
Registered office
Systems House
Little Lane Goose Green
Wigan
Lancashire
WN3 6PX
Accountants
DJH Bury Limited
The Exchange
5 Bank St
Bury
BL9 0DN
Bankers
Barclays Bank PLC
6 Market Place
Wigan
Lancashire
WN1 1QS
Tate Security Technology Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 8
Tate Security Technology Limited
Statement Of Financial Position
As at 31 August 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
31,678
40,848
Current assets
Stocks
772,886
313,422
Debtors
5
1,775,245
2,445,606
Cash at bank and in hand
31,788
1,512
2,579,919
2,760,540
Creditors: amounts falling due within one year
6
(1,269,247)
(1,360,796)
Net current assets
1,310,672
1,399,744
Total assets less current liabilities
1,342,350
1,440,592
Creditors: amounts falling due after more than one year
7
(55,042)
(120,102)
Net assets
1,287,308
1,320,490
Capital and reserves
Called up share capital
1
1
Capital redemption reserve
1
1
Profit and loss reserves
1,287,306
1,320,488
Total equity
1,287,308
1,320,490
Tate Security Technology Limited
Statement Of Financial Position (continued)
As at 31 August 2025
31 August 2025
- 2 -

For the financial year ended 31 August 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 income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 25 August 2026 and are signed on its behalf by:
Mr J L Strickland
Director
Company registration number 04119865 (England and Wales)
Tate Security Technology Limited
Notes to the financial statements
For the year ended 31 August 2025
- 3 -
1
Accounting policies
Company information

Tate Security Technology Limited is a private company limited by shares incorporated in England and Wales. The registered office is Systems House, Little Lane Goose Green, Wigan, Lancashire, WN3 6PX.

1.1
Basis of preparation

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 current order book is extremely healthy and there are no concerns regarding achieving turnover targets.true

Having taken all relevant factors into account, the directors are confident that the company is well placed to manage all current business risks and has sufficient reserves to continue as a going concern.

1.3
Turnover

Turnover is recogni s ed when a right to consideration has been obtained through performance under each contract. Consideration accrues as contract activity progresses by reference to the value of work performed. The turnover recogni s ed is valued at the fair value of consideration expected to be received on contracts. Retentions on contracts are recogni s ed in accordance with Financial Reporting Standard 102 and are included in turnover upon completion of the work. Turnover is not recogni s ed where the right to receive payment is contingent on events outside the control of the company.

Unbilled turnover is included in debtors as 'Amounts recoverable on contracts'

1.4
Tangible fixed assets

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:

Demonstration room
33% on cost
Leasehold improvements
2% on cost
Plant and equipment
25% on reducing balance
Fixtures and fittings
15% on reducing balance
Computers
33% on cost
Motor vehicles
25% on reducing balance

The residual values, estimated useful lives and depreciation method of tangible fixed assets are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognized in the income statement when the change arises

Tate Security Technology Limited
Notes to the financial statements (continued)
For the year ended 31 August 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stock and work in progress are valued at the lower of cost and net realizable value, after making due allowance for obsolete and slow moving items.

Cost is defined as the actual purchase price and includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Tate Security Technology Limited
Notes to the financial statements (continued)
For the year ended 31 August 2025
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
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.

1.9
Retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

1.10
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.11
Foreign exchange

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Tate Security Technology Limited
Notes to the financial statements (continued)
For the year ended 31 August 2025
- 6 -
2
Judgements and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on management's best knowledge of the amount, events or actions, actual results ultimately may differ from those estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognized in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below:-

Determining the expected outcome of long-term contracts prior to their conclusion and calculating the attributable profit that should be recognized in a manner appropriate to the stage of completion.

3
Employees

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

2025
2024
Number
Number
Total
28
34
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 September 2024
43,631
160,152
203,783
Additions
-
0
412
412
At 31 August 2025
43,631
160,564
204,195
Depreciation and impairment
At 1 September 2024
30,103
132,832
162,935
Depreciation charged in the year
341
9,241
9,582
At 31 August 2025
30,444
142,073
172,517
Carrying amount
At 31 August 2025
13,187
18,491
31,678
At 31 August 2024
13,528
27,320
40,848
Tate Security Technology Limited
Notes to the financial statements (continued)
For the year ended 31 August 2025
- 7 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
190,875
409,777
Other debtors
1,144,975
1,596,434
1,335,850
2,006,211
Deferred tax asset
439,395
439,395
1,775,245
2,445,606
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
565,802
714,930
Taxation and social security
279,356
72,157
Other creditors
424,089
573,709
1,269,247
1,360,796
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other borrowings
55,042
120,102
8
Secured Debts

Included within other creditors are invoice discounting facilities of £1 39,368 (2024 - £1 77,311), which are secured by fixed charges over the assets to which they relate.

9
Directors' Advances. Credits and Guarantees

Included within debtors falling due within one year is a director's current account balance of £725,993 (202 4 - £678,181) owed by J L Strickland. This advance is unsecured, interest free and repayable upon demand.

The maximum overdrawn balance during the year was £725,993 (2024 - £678,181).

No individual advances during the current or prior year were considered material.

Tate Security Technology Limited
Notes to the financial statements (continued)
For the year ended 31 August 2025
- 8 -
10
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
150,030
174,261
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