REGISTERED NUMBER: 08685676 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

PELA SYSTEMS LIMITED

Page

Balance sheet

1

Notes to the financial statements

2

Fixed assets

Tangible assets

4

69

3,167

Current assets

Debtors

5

6,376

6,352

Cash at bank

263

301

6,639

6,653

Creditors

Amounts falling due within one year

6

129,438

119,803

Net current liabilities

(122,799

)

(113,150

)

Total assets less current liabilities

(122,730

)

(109,983

)

Provisions for liabilities

7

-

545

Net liabilities

(122,730

)

(110,528

)

Capital and reserves

Called up share capital

8

1

1

Retained earnings

(122,731

)

(110,529

)

Shareholders' funds

(122,730

)

(110,528

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2026 and were signed by:

Mr P J P Lashbrook - Director

1.	Statutory information

Pela Systems Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 08685676. The registered office and business address is Unit 302, Bridge House, Station Road, Westbury, Wiltshire, BA13 4HR.

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 Company has made a loss during the year and has a deficiency of assets at the year end of £122,730. The Company is dependent upon the continued support of its parent company. The director has confirmed his support of the Company over the next 12 months, in order that it can meet its day to day working capital requirements.

Preparation of consolidated financial statements

The company is a wholly owned subsidiary and the parent company has taken the option under S399 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents income receivable from the supply of IT security, net of VAT and discounts.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year 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 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 1 (2024 - 1 ) .

4.	Tangible fixed assets

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 November 2024

108

8,850

1,193

10,151

Disposals

-

(8,850

)

-

(8,850

)

At 31 October 2025

108

-

1,193

1,301

Depreciation

At 1 November 2024

22

5,769

1,193

6,984

Charge for year

17

-

-

17

Eliminated on disposal

-

(5,769

)

-

(5,769

)

At 31 October 2025

39

-

1,193

1,232

Net book value

At 31 October 2025

69

-

-

69

At 31 October 2024

86

3,081

-

3,167

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

6,376

6,352

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

3,930

2,292

Amounts owed to group undertakings

123,813

115,974

VAT

435

229

Accruals and deferred income

1,260

1,308

129,438

119,803

7.	Provisions for liabilities

2025

2024

£

£

Deferred tax

-

545

Deferred

tax

£

Balance at 1 November 2024

545

Provided during year

(545

)

Balance at 31 October 2025

-

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

9.	Ultimate controlling party

The ultimate parent company and controlling party is Pelatech Group Limited. A company incorporated in England. The parent company is under the control of the Director, Mr Peter Lashbrook, by virtue of his 100% holding of the issued voting share capital of the company.