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REGISTERED NUMBER: 12325446 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

INNOVATIVE SPECIALIZED SECURITY
SOLUTIONS LIMITED

INNOVATIVE SPECIALIZED SECURITY
SOLUTIONS LIMITED (REGISTERED NUMBER: 12325446)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INNOVATIVE SPECIALIZED SECURITY
SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: R Dardas
G Sayegh





REGISTERED OFFICE: Sutherland House
1759 London Road
Leigh on Sea
Essex
SS9 2RZ





REGISTERED NUMBER: 12325446 (England and Wales)





ACCOUNTANTS: Platt Rushton LLP
Chartered Accountants
Sutherland House
1759 London Road
Leigh on Sea
Essex
SS9 2RZ

INNOVATIVE SPECIALIZED SECURITY
SOLUTIONS LIMITED (REGISTERED NUMBER: 12325446)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 76,500 102,000

CURRENT ASSETS
Debtors 5 686,192 600,020

CREDITORS
Amounts falling due within one year 6 263,606 460,826
NET CURRENT ASSETS 422,586 139,194
TOTAL ASSETS LESS CURRENT
LIABILITIES

499,086

241,194

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 498,986 241,094
SHAREHOLDERS' FUNDS 499,086 241,194

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by:





G Sayegh - Director


INNOVATIVE SPECIALIZED SECURITY
SOLUTIONS LIMITED (REGISTERED NUMBER: 12325446)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Innovative Specialized Security Solutions 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over it's estimate useful life of five years.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2022
and 31 December 2022 127,500
AMORTISATION
At 1 January 2022 25,500
Charge for year 25,500
At 31 December 2022 51,000
NET BOOK VALUE
At 31 December 2022 76,500
At 31 December 2021 102,000

INNOVATIVE SPECIALIZED SECURITY
SOLUTIONS LIMITED (REGISTERED NUMBER: 12325446)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 520,810 600,000
Amounts owed by group undertakings 106,029 -
Other debtors 59,353 20
686,192 600,020

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 22,301 -
Amounts owed to group undertakings - 177,487
Taxation and social security 133,071 56,553
Other creditors 108,234 226,786
263,606 460,826

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary shares £1 100 100

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

2022 2021
£    £   
R Dardas
Balance outstanding at start of year - -
Amounts advanced 44,376 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 44,376 -

9. RELATED PARTY DISCLOSURES

Included within amounts owed to group undertakings is a loan from the company's immediate parent totalling £Nil (2021: £177,487). The loan is interest free and repayable on demand.

Included within amounts owed by group undertakings is a loan to the company's immediate parent totalling £106,029 (2021:Nil). The loan is interest free and repayable on demand.

As at 31st December 2022 other creditors due within one year includes loans from two companies under the control of the director G Sayegh. The loans totalled £78,500 (2021: £214,200). The loans are interest free and repayable on demand.

INNOVATIVE SPECIALIZED SECURITY
SOLUTIONS LIMITED (REGISTERED NUMBER: 12325446)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

10. ULTIMATE CONTROLLING PARTY

Techno Ampex Group Limited ("TAG") is the company's immediate and ultimate parent undertaking. TAG's registered office is 2nd Floor, Berkeley Square House, Berkeley Square, Mayfair, London, England, W1J 6BD and TAG does not prepare consolidated financial statements.