Registration number: 06729043

Core Security Systems Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

Core Security Systems Ltd

Company Information

Director

Mr Michael Georgiou Michael

Company secretary

Mrs Nicola Clare Michael

Registered office

Unit 1 Wennington Hall Farm Wennington Road Rainham Essex RM13 9EF

Accountants

Paul Winston Limited Chartered AccountantsSilver Rose, Unit 21 East Lodge Village East Lodge Lane Enfield EN2 8AS

Core Security Systems Ltd

(Registration number: 06729043)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	149,001	177,185
Current assets
Stocks	5	6,000	6,000
Debtors	6	167,238	128,137
Cash at bank and in hand		261,839	219,286
		435,077	353,423
Creditors: Amounts falling due within one year	7	(239,743)	(192,834)
Net current assets		195,334	160,589
Total assets less current liabilities		344,335	337,774
Creditors: Amounts falling due after more than one year	7	(186,642)	(226,536)
Net assets		157,693	111,238
Capital and reserves
Called up share capital	8	102	102
Retained earnings		157,591	111,136
Shareholders' funds		157,693	111,238

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 February 2026
 

......................................... Mr Michael Georgiou Michael Director

Core Security Systems Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 1 Wennington Hall Farm
Wennington Road
Rainham
Essex
RM13 9EF

These financial statements were authorised for issue by the director on 20 February 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Core Security Systems Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% net book value
Fixtures and fittings	25% net book value
Motor vehicles	25% net book value
Office equipment	25% net book value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Core Security Systems Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 12 (2024 - 14).

Core Security Systems Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 June 2024	78,036	303,602	381,638
Additions	-	49,098	49,098
Disposals	-	(49,090)	(49,090)
At 31 May 2025	78,036	303,610	381,646
Depreciation
At 1 June 2024	51,252	152,886	204,138
Charge for the year	6,934	43,050	49,984
Eliminated on disposal	-	(21,477)	(21,477)
At 31 May 2025	58,186	174,459	232,645
Carrying amount
At 31 May 2025	19,850	129,151	149,001
At 31 May 2024	26,469	150,716	177,185

5

Stocks

	2025 £	2024 £
Other inventories	6,000	6,000

6

Debtors

Current	2025 £	2024 £
Trade debtors	167,238	128,118
Other debtors	-	19
	167,238	128,137

Core Security Systems Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		61,846	47,306
Trade creditors		105,468	40,082
Taxation and social security		31,611	67,298
Accruals and deferred income		600	-
Other creditors		40,218	38,148
		239,743	192,834

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		186,642	226,536

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary M of £1 each	50	50	50	50
Ordinary F of £1 each	1	1	1	1
Ordinary H of £1 each	1	1	1	1
Ordinary J of £1 each	1	1	1	1
Ordinary N of £1 each	49	49	49	49
	102	102	102	102

Core Security Systems Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

9

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £10.00 (2024 - £190.00) per each Ordinary M		500		9,500
Interim dividend of £Nil per each Ordinary F		-		-
Interim dividend of £500.00 per each Ordinary H		500		500
Interim dividend of £500.00 per each Ordinary J		500		500
Interim dividend of £500.00 (2024 - £10,204.00) per each Ordinary N		500		500
		2,000		11,000

10	Related party transactions

Core Security Systems Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	11,448	12,502