REGISTERED NUMBER: 02715533 (England and Wales)

CSE CROSSCOM LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

9

DIRECTORS:

Ms S M Barnes

Mr S J Walker

Mr M J O'Connor

Mr W R Rowe

SECRETARY:

Mr S J Walker

REGISTERED OFFICE:

1 Guards Avenue

Caterham-On-The-Hill

Caterham

Surrey

CR3 5XL

REGISTERED NUMBER:

02715533 (England and Wales)

AUDITORS:

Johnson Tidsall Limited

Chartered Accountants

& Statutory Auditor

81 Burton Road

Derby

Derbyshire

DE1 1TJ

FIXED ASSETS

Tangible assets

4

3,034,545

1,794,023

CURRENT ASSETS

Stocks

1,227,911

848,704

Debtors

5

1,803,726

1,809,663

Cash at bank and in hand

995,468

419,990

4,027,105

3,078,357

CREDITORS

Amounts falling due within one year

6

5,103,560

3,470,627

NET CURRENT LIABILITIES

(1,076,455

)

(392,270

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,958,090

1,401,753

CREDITORS

Amounts falling due after more than one year

7

-

(68,401

)

PROVISIONS FOR LIABILITIES

8

(718,336

)

(365,841

)

NET ASSETS

1,239,754

967,511

CAPITAL AND RESERVES

Called up share capital

9

1,111

1,111

Retained earnings

1,238,643

966,400

SHAREHOLDERS' FUNDS

1,239,754

967,511

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2026 and were signed on its behalf by:

Mr S J Walker - Director

1.	STATUTORY INFORMATION

CSE Crosscom Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Significant judgements and estimates

Employment Law Considerations

UK management have undertaken a review of the group's employment arrangements, with input from both internal HR and independent external employment law advisers. Certain employees who are legally employed by CSE Crosscom Ltd have been recognised within the financial statements of other UK group companies because they perform their duties for those entities.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales elated taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing agreement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from the hire of assets is recognised over the period of the hire as the services are provided, in accordance with the terms of the hire agreement. Hire charges are usually invoiced to customers on a monthly basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset on a straight line basis over its estimated useful life.

Plant and machinery

- at varying rates on cost

Fixtures and fittings

- at varying rates on cost

Motor vehicles

- 25% on cost

Computer equipment

- 20% on cost

Property improvements are to be depreciated at 10% per annum on a straight-line basis. Given that the asset was only in use during the final month of the year, the amount of unrecorded depreciation is considered immaterial.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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 of the asset, and is credited or charged to profit or loss.

Impairment of fixed assets

At each reporting end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indications exist, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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 investment with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Debtors

Short term debtors are measured at transaction price, less impairment.

Creditors

Short term creditors are measured at transaction price.

Financial instruments

The company has elected to apply the provisions of section 11 'Basic Financial Instruments' and section 12 'Other Financial Instruments Issues' of IFRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet 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 statement, when there is 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 the 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 classed 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 classed 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 payments 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. Amounts 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.

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.

Taxation

The tax expense represents the sum of 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 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 to the profit and loss account, 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.

Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is that the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit and loss in the period in which it arises.

Foreign currencies

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Hire purchase and leasing commitments

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

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Employee benefits

The cost 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 the 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2024 - 31 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2025

-

4,512,147

57,574

Additions

137,625

945,439

60,203

Disposals

-

(1,182,141

)

(39,213

)

Reclassification/transfer

-

780,869

19,962

At 31 December 2025

137,625

5,056,314

98,526

DEPRECIATION

At 1 January 2025

-

2,804,698

53,463

Charge for year

-

523,745

8,786

Eliminated on disposal

-

(1,149,650

)

(39,213

)

Reclassification/transfer

-

174,248

5,908

At 31 December 2025

-

2,353,041

28,944

NET BOOK VALUE

At 31 December 2025

137,625

2,703,273

69,582

At 31 December 2024

-

1,707,449

4,111

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

20,375

153,862

4,743,958

Additions

26,890

54,971

1,225,128

Disposals

(22,422

)

(6,399

)

(1,250,175

)

Reclassification/transfer

58,161

-

858,992

At 31 December 2025

83,004

202,434

5,577,903

DEPRECIATION

At 1 January 2025

11,599

80,175

2,949,935

Charge for year

11,026

37,108

580,665

Eliminated on disposal

(22,422

)

(5,071

)

(1,216,356

)

Reclassification/transfer

48,958

-

229,114

At 31 December 2025

49,161

112,212

2,543,358

NET BOOK VALUE

At 31 December 2025

33,843

90,222

3,034,545

At 31 December 2024

8,776

73,687

1,794,023

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,211,537

992,633

Amounts owed by group undertakings

338,696

621,373

Other debtors

253,493

195,657

1,803,726

1,809,663

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

967,988

366,794

Amounts owed to group undertakings

2,569,659

2,559,770

Corporation tax

-

36,648

Social security and other taxes

374,326

322,946

Other creditors

436,587

184,469

Accruals and deferred income

755,000

-

5,103,560

3,470,627

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

-

68,401

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

718,336

365,841

Deferred

tax

£

Balance at 1 January 2025

365,841

Provided during year

207,460

Group transfer

145,035

Balance at 31 December 2025

718,336

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,111

Ordinary

£1

1,111

1,111

10.	AUDITORS’ INFORMATION

The Report of the Auditors was unqualified.

David Mellor FCA (Senior Statutory Auditor)

for and on behalf of Johnson Tidsall Limited

11.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date, the company had outstanding commitments of £426,768 (2024: £75,912) for future minimum lease payments under non-cancellable operating leases. Of this amount, £152,250 is payable within one year and £274,518 after one year.

12.	RELATED PARTY DISCLOSURES

The company has not disclosed its related party transactions as they are all with other companies that are wholly owned within the group.

13.	PARENT ENTITY AND ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of CSE Crosscom UK Limited, a company registered in England and Wales with a registered office of Unit 1 Swanwick Court, Swanwick, Alfreton, Derbyshire, DE55 7AS.

The ultimate holding company is CSE Global Limited, an international technology group registered in Singapore and listed on the Singapore Stock Exchange.