IRIS Accounts Production v23.3.1.45 05364227 Board of Directors Board of Directors 1.3.22 28.2.23 28.2.23 false true false false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure053642272022-02-28053642272023-02-28053642272022-03-012023-02-28053642272021-02-28053642272021-03-012022-02-28053642272022-02-2805364227ns16:EnglandWales2022-03-012023-02-2805364227ns15:PoundSterling2022-03-012023-02-2805364227ns11:Director12022-03-012023-02-2805364227ns11:Director22022-03-012023-02-2805364227ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2805364227ns11:SmallEntities2022-03-012023-02-2805364227ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-2805364227ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2805364227ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2805364227ns11:FullAccounts2022-03-012023-02-280536422712022-03-012023-02-2805364227ns11:OrdinaryShareClass12022-03-012023-02-2805364227ns11:OrdinaryShareClass22022-03-012023-02-2805364227ns6:CurrentFinancialInstruments2023-02-2805364227ns6:CurrentFinancialInstruments2022-02-2805364227ns6:ShareCapital2023-02-2805364227ns6:ShareCapital2022-02-2805364227ns6:RevaluationReserve2023-02-2805364227ns6:RevaluationReserve2022-02-2805364227ns6:CapitalRedemptionReserve2023-02-2805364227ns6:CapitalRedemptionReserve2022-02-2805364227ns6:RetainedEarningsAccumulatedLosses2023-02-2805364227ns6:RetainedEarningsAccumulatedLosses2022-02-2805364227ns6:NetGoodwill2022-03-012023-02-2805364227ns6:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2805364227ns6:PlantMachinery2022-03-012023-02-2805364227ns6:FurnitureFittings2022-03-012023-02-2805364227ns6:MotorVehicles2022-03-012023-02-2805364227ns6:ComputerEquipment2022-03-012023-02-2805364227ns6:NetGoodwill2022-02-2805364227ns6:NetGoodwill2023-02-2805364227ns6:NetGoodwill2022-02-2805364227ns6:LandBuildings2022-02-2805364227ns6:PlantMachinery2022-02-2805364227ns6:FurnitureFittings2022-02-2805364227ns6:LandBuildings2022-03-012023-02-2805364227ns6:LandBuildings2023-02-2805364227ns6:PlantMachinery2023-02-2805364227ns6:FurnitureFittings2023-02-2805364227ns6:LandBuildings2022-02-2805364227ns6:PlantMachinery2022-02-2805364227ns6:FurnitureFittings2022-02-2805364227ns6:MotorVehicles2022-02-2805364227ns6:ComputerEquipment2022-02-2805364227ns6:MotorVehicles2023-02-2805364227ns6:ComputerEquipment2023-02-2805364227ns6:MotorVehicles2022-02-2805364227ns6:ComputerEquipment2022-02-2805364227ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-2805364227ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-2805364227ns6:DeferredTaxation2022-02-2805364227ns6:DeferredTaxation2022-03-012023-02-2805364227ns6:DeferredTaxation2023-02-2805364227ns11:OrdinaryShareClass12023-02-2805364227ns11:OrdinaryShareClass22023-02-2805364227ns6:RevaluationReserve2022-02-28
REGISTERED NUMBER: 05364227 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

C S G (FIRE & SECURITY) LTD.

C S G (FIRE & SECURITY) LTD. (REGISTERED NUMBER: 05364227)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Balance sheet 1

Notes to the financial statements 3


C S G (FIRE & SECURITY) LTD. (REGISTERED NUMBER: 05364227)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 468,076 459,909
468,076 459,909

Current assets
Stocks 7,000 7,000
Debtors 6 325,570 489,342
Cash at bank and in hand 1,113,091 793,064
1,445,661 1,289,406
Creditors
Amounts falling due within one year 7 665,863 602,586
Net current assets 779,798 686,820
Total assets less current liabilities 1,247,874 1,146,729

Provisions for liabilities 8 50,157 47,898
Net assets 1,197,717 1,098,831

Capital and reserves
Called up share capital 9 280 280
Revaluation reserve 10 128,329 128,329
Capital redemption reserve 90 90
Retained earnings 1,069,018 970,132
Shareholders' funds 1,197,717 1,098,831

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

C S G (FIRE & SECURITY) LTD. (REGISTERED NUMBER: 05364227)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 November 2023 and were signed on its behalf by:




Mrs R Rowland - Director



Mr J Rowland - Director


C S G (FIRE & SECURITY) LTD. (REGISTERED NUMBER: 05364227)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. Statutory information

CSG (Fire & Security) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05364227. The registered office address and business address is Unit 10 Old Forge Road, Ferndown Industrial Estate, Wimborne, Dorset, BH21 7RR.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents income generated from the installation and maintenance of security systems, net of VAT where applicable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in both 2013 and 2016 has been fully amortised in the year of acquisition.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 25% on reducing balance

Freehold property is revalued with sufficient regularity to ensure a true and fair view.

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

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.

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.

C S G (FIRE & SECURITY) LTD. (REGISTERED NUMBER: 05364227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. Accounting policies - continued

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.

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.

Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its parent comprise a small-sized group. The group has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

3. Employees and directors

The average number of employees during the year was 14 (2022 - 14 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 March 2022
and 28 February 2023 45,000
Amortisation
At 1 March 2022
and 28 February 2023 45,000
Net book value
At 28 February 2023 -
At 28 February 2022 -

C S G (FIRE & SECURITY) LTD. (REGISTERED NUMBER: 05364227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


5. Tangible fixed assets
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Cost or valuation
At 1 March 2022 425,000 8,936 8,127
Additions - 1,566 250
Disposals - - -
At 28 February 2023 425,000 10,502 8,377
Depreciation
At 1 March 2022 - 8,780 7,283
Charge for year - 431 273
Eliminated on disposal - - -
At 28 February 2023 - 9,211 7,556
Net book value
At 28 February 2023 425,000 1,291 821
At 28 February 2022 425,000 156 844

Motor Computer
vehicles equipment Totals
£    £    £   
Cost or valuation
At 1 March 2022 167,852 2,889 612,804
Additions 24,349 3,918 30,083
Disposals (15,373 ) - (15,373 )
At 28 February 2023 176,828 6,807 627,514
Depreciation
At 1 March 2022 135,111 1,721 152,895
Charge for year 19,940 1,272 21,916
Eliminated on disposal (15,373 ) - (15,373 )
At 28 February 2023 139,678 2,993 159,438
Net book value
At 28 February 2023 37,150 3,814 468,076
At 28 February 2022 32,741 1,168 459,909

C S G (FIRE & SECURITY) LTD. (REGISTERED NUMBER: 05364227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


5. Tangible fixed assets - continued

Cost or valuation at 28 February 2023 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2014 146,172 - -
Valuation in 2021 25,000 - -
Cost 253,828 10,502 8,377
425,000 10,502 8,377

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2014 - - 146,172
Valuation in 2021 - - 25,000
Cost 176,828 6,807 456,342
176,828 6,807 627,514

If freehold property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 253,828 253,828

Value of land in freehold land and buildings 253,828 253,828

Freehold property was valued on an open market basis on 28 February 2023 by the directors .

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 315,284 453,326
Other debtors 2,360 2,360
VAT - 26,219
Prepayments and accrued income 7,926 7,437
325,570 489,342

C S G (FIRE & SECURITY) LTD. (REGISTERED NUMBER: 05364227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 91,833 79,789
Amounts owed to group undertakings 474,730 474,275
Tax 50,077 43,788
VAT 44,095 -
Other creditors 1,445 1,196
Accruals and deferred income 3,683 3,538
665,863 602,586

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 50,157 47,898

Deferred
tax
£   
Balance at 1 March 2022 47,898
Charge to Income statement during year 2,259
Balance at 28 February 2023 50,157

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary A £1 100 100
180 Ordinary B £1 180 180
280 280

10. Reserves
Revaluation
reserve
£   
At 1 March 2022
and 28 February 2023 128,329

11. Ultimate controlling party

The company is controlled by the directors, Mr J & Mrs R Rowland, by virtue of their combined 100% holding of the issued share capital of the parent company, Code Group Holdings Limited, registered at Unit 10 Old Forge Road, Ferndown Industrial Estate, Wimborne, Dorset, BH21 7RR.