REGISTERED NUMBER: 08667108 (England and Wales)

BASTION SECURITY PRODUCTS LTD

FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2025 TO 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T E Beaver

R J Beaver

REGISTERED OFFICE:

The Old Mill Farm

Walkmills

Church Stretton

Shropshire

SY6 6NJ

REGISTERED NUMBER:

08667108 (England and Wales)

AUDITORS:

Clarke Nicklin LLP

Chartered Accountants and

Statutory Auditors

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

117,486

193,574

117,486

193,574

CURRENT ASSETS

Stocks

495,816

176,998

Debtors

6

885,655

524,021

Cash at bank and in hand

125,413

79,283

1,506,884

780,302

CREDITORS

Amounts falling due within one year

7

1,363,541

354,559

NET CURRENT ASSETS

143,343

425,743

TOTAL ASSETS LESS CURRENT LIABILITIES

260,829

619,317

CREDITORS

Amounts falling due after more than one year

8

-

(76,716

)

PROVISIONS FOR LIABILITIES

(29,372

)

(28,400

)

NET ASSETS

231,457

514,201

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

231,357

514,101

SHAREHOLDERS' FUNDS

231,457

514,201

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2026 and were signed on its behalf by:

T E Beaver - Director

1.	STATUTORY INFORMATION

Bastion Security Products Ltd 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.

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 presented in Sterling (£).

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

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.

Turnover is recognised upon the delivery of goods, the performance of services, or by reference to the stage of completion for long-term contracts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of four years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Long leasehold

-

20% on cost

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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 period was 11 (2025 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

27,324

Disposals

(27,324

)

At 31 December 2025

-

AMORTISATION

At 1 April 2025

27,324

Eliminated on disposal

(27,324

)

At 31 December 2025

-

NET BOOK VALUE

At 31 December 2025

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Long

Plant and

Motor

Computer

leasehold

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

10,525

126,373

253,346

38,497

428,741

Additions

-

12,203

-

719

12,922

Disposals

-

(7,927

)

(68,995

)

-

(76,922

)

At 31 December 2025

10,525

130,649

184,351

39,216

364,741

DEPRECIATION

At 1 April 2025

6,666

74,976

117,869

35,657

235,168

Charge for period

1,579

15,715

34,734

1,650

53,678

Eliminated on disposal

-

(7,927

)

(33,664

)

-

(41,591

)

At 31 December 2025

8,245

82,764

118,939

37,307

247,255

NET BOOK VALUE

At 31 December 2025

2,280

47,885

65,412

1,909

117,486

At 31 March 2025

3,859

51,397

135,477

2,840

193,573

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2025

41,388

175,856

217,244

Disposals

-

(19,995

)

(19,995

)

At 31 December 2025

41,388

155,861

197,249

DEPRECIATION

At 1 April 2025

14,486

73,273

87,759

Charge for period

6,208

30,057

36,265

Eliminated on disposal

-

(9,164

)

(9,164

)

At 31 December 2025

20,694

94,166

114,860

NET BOOK VALUE

At 31 December 2025

20,694

61,695

82,389

At 31 March 2025

26,902

102,583

129,485

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2025

£

£

Trade debtors

39,655

221,674

Amounts owed by group undertakings

148,800

-

Amounts recoverable on contract

554,989

-

Other debtors

-

188,619

Tax

9,061

-

Prepayments

133,150

113,728

885,655

524,021

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2025

£

£

Bank loans and overdrafts

-

50,000

Hire purchase contracts

37,214

77,400

Trade creditors

134,445

82,477

Social security and other taxes

13,996

15,022

VAT

46,501

8,801

Other creditors

5,695

3,501

Accrued expenses

1,125,690

117,358

1,363,541

354,559

Included in other creditors are unpaid pension contributions of £5,695 (2025: £3,501).

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2025

£

£

Bank loans - 1-2 years

-

54,167

Hire purchase contracts

-

22,549

-

76,716

Bank loans are secured by a fixed and floating charge over the assets of the company. Obligations under hire purchase contracts are secured on the specific assets to which they relate.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2025

value:

£

£

500

Ordinary

10p

50

50

50

Ordinary

£1

50

50

100

100

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kerry Burr FCA (Senior Statutory Auditor)

for and on behalf of Clarke Nicklin LLP

11.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Beaverfit LLC, a company incorporated in the United States of America, by virtue of its 100% ownership of the share capital of the Beaverfit Ltd. Beaverfit Ltd acquired 100% of the shareholding during the year. The registered office of the ultimate parent company is 120 Woodland Ave, Suite D, Reno, Nevada, 89523, United States of America.

There is no ultimate controlling party.