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REGISTERED NUMBER: 05396972 (England and Wales)















PTI Integrated Systems (UK)
Limited

Financial Statements for the Period 1 May 2023 to 31 December 2023






PTI Integrated Systems (UK)
Limited (Registered number: 05396972)






Contents of the Financial Statements
for the Period 1 May 2023 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PTI Integrated Systems (UK)
Limited

Company Information
for the Period 1 May 2023 to 31 December 2023







DIRECTORS: Mr D Shaw
Ms S M Bergström
Mr M I Whittaker





REGISTERED OFFICE: Unit 3
57 Windsor Avenue
Wimbledon
London
SW19 2RR





REGISTERED NUMBER: 05396972 (England and Wales)





AUDITORS: Swindells LLP
Chartered Accountants
and Statutory Auditor
Atlantic House
8 Bell Lane
Bellbrook Industrial Estate
Uckfield
East Sussex
TN22 1QL

PTI Integrated Systems (UK)
Limited (Registered number: 05396972)

Balance Sheet
31 December 2023

2023 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 98,826 97,826
Investments 6 200 200
Cash at bank 6,925 8,426
105,951 106,452
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

1,749

508
NET CURRENT ASSETS 104,202 105,944
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,202

105,944

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 104,102 105,844
SHAREHOLDERS' FUNDS 104,202 105,944

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 26 July 2024 and were signed on its behalf by:





Mr D Shaw - Director


PTI Integrated Systems (UK)
Limited (Registered number: 05396972)

Notes to the Financial Statements
for the Period 1 May 2023 to 31 December 2023

1. STATUTORY INFORMATION

PTI Integrated Systems (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

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 - 25% on cost
Computer equipment - 20% on cost

Taxation
Taxation for the period 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.


PTI Integrated Systems (UK)
Limited (Registered number: 05396972)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
We have assessed whether the going concern basis of preparation continues to be appropriate, based on whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. At the time of approving the financial statements the directors believe that all appropriate measures have been or will be taken to ensure that the company will be able to continue its operations for at least the next twelve months and thus conclude that the going concern basis remains appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 1 ) .

PTI Integrated Systems (UK)
Limited (Registered number: 05396972)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 19,044 8,711 27,755
Disposals (19,044 ) (8,711 ) (27,755 )
At 31 December 2023 - - -
DEPRECIATION
At 1 May 2023 19,044 8,711 27,755
Eliminated on disposal (19,044 ) (8,711 ) (27,755 )
At 31 December 2023 - - -
NET BOOK VALUE
At 31 December 2023 - - -
At 30 April 2023 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Other debtors 98,826 97,826

6. CURRENT ASSET INVESTMENTS
2023 2023
£    £   
Unlisted investments 200 200

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Taxation and social security - 75
Other creditors 1,749 433
1,749 508

PTI Integrated Systems (UK)
Limited (Registered number: 05396972)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 December 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 May 2023 105,844
Profit for the period 198,258
Dividends (200,000 )
At 31 December 2023 104,102

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

The Report of the Auditors was unqualified.

Joanna Green BSc FCA (Senior Statutory Auditor)
for and on behalf of Swindells LLP

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Assa Abloy AB Sweden.

The immediate parent company is DS Security Group Ltd.