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Registered number: 12247978














CYBERLUMENEER LIMITED
AUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

 
CYBERLUMENEER LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 8


 
CYBERLUMENEER LIMITED
REGISTERED NUMBER:12247978

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
980,852
479,295

Tangible assets
 5 
430
644

  
981,282
479,939

Current assets
  

Debtors: amounts falling due within one year
 6 
230,188
100,738

Bank and cash balances
  
6,417
3,404

  
236,605
104,142

Creditors: amounts falling due within one year
 7 
(1,122,150)
(539,447)

Net current liabilities
  
 
 
(885,545)
 
 
(435,305)

Total assets less current liabilities
  
95,737
44,634

  

Net assets
  
95,737
44,634


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
95,637
44,534

  
95,737
44,634


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 November 2023.




T Collins
Director

The notes on pages 2 to 8 form part of these financial statements.

Page 1

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

1.


General information

Cyberlumeneer Limited is a private limited liability company registered in England and Wales. Its registered office is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire WD6 1JD. The principal place of business is at St Cloud Gate, St Cloud Way, Maidenhead, Buckinghamshire SL6 8XD.
The principal activity of the company during the period continued to be the provision of information security and risk management solutions.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the reporting date the company has net current liabilities. The directors have obtained assurance from its parent company and other group entities that funds will be made available to the company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. Therefore the accounts have been prepared under the going concern basis.

 
2.3

Turnover

Turnover is measured at the fair value of amounts receivable in respect of services provided during the period, net of trade discounts and excluding value added tax.
Turnover from services are recognised when the risks and rewards have passed to the customer and a right to receive consideration has been established.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 2

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

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
20%
Straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Financial instruments

The company only enters into transactions that result in the recognition of basic financial assets and basic financial liabilities.
Basic financial assets, such as trade and other debtors, are initially recognised at the transaction price less attributable transaction costs. Basic financial liabilities, such as trade and other creditors, are initially recognised at the transaction price plus attributable transaction costs. Subsequently, they are measured at amortised cost using the effective interest method, less any impairment losses in the case of basic financial assets.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is an 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.

 
2.6

Foreign currency translation

The company's functional and presentational currency is £ sterling.
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income.

Page 3

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

2.Accounting policies (continued)

 
2.7

Taxation

Tax is recognised in the Statement of Comprehensive Income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
1) The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
2) Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 5).

Page 4

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

4.


Intangible assets




Software development costs

£



Cost


At 1 March 2022
625,167


Additions
704,129



At 28 February 2023

1,329,296



Amortisation


At 1 March 2022
145,872


Charge for the year on owned assets
202,572



At 28 February 2023

348,444



Net book value



At 28 February 2023
980,852



At 28 February 2022
479,295


Capitalised computer software development costs are amortised over 5 years, which is estimated to be their useful economic life.


Page 5

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

5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 March 2022
1,072



At 28 February 2023

1,072



Depreciation


At 1 March 2022
428


Charge for the year on owned assets
214



At 28 February 2023

642



Net book value



At 28 February 2023
430



At 28 February 2022
644

Page 6

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

6.


Debtors

2023
2022
£
£


Trade debtors
1,328
1,328

Amounts owed by group undertakings
205,465
75,209

Other debtors
23,395
24,201

230,188
100,738



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
1,097,934
459,735

Other taxation and social security
10
1,624

Other creditors
-
3,718

Accruals and deferred income
24,206
74,370

1,122,150
539,447


There are fixed and floating charges over the assets of the company in relation to loan notes of £20,249,433 and other related liabilities of £3,402,603 that have been provided to an intermediate parent company of the group by a majority shareholder of the ultimate parent. No creditors in relation to these charges are included within these financial statements.

Page 7

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

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10,000  Ordinary shares of £0.01 each
100
100





9.


Controlling party

The company's immediate parent undertaking is Performanta Limited, a company registered in England and Wales whose registered office address is 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire WD6 1JD.
The company's ultimate parent company is Securitas Topco Limited, a company registered in England and Wales whose registered office address is 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire WD6 1JD. Copies of the Securitas Topco Limited consolidated financial statements can be obtained from Companies House.


10.


Auditors' information

The auditors' report on the financial statements for the year ended 28 February 2023 was unqualified.

The audit report was signed on 28 November 2023 by Martyn Atkinson FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

 
Page 8