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REGISTERED NUMBER: 02508504 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Security Systems And Alarms Inspection
Board

Security Systems And Alarms Inspection
Board (Registered number: 02508504)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Security Systems And Alarms Inspection
Board

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr M R Peretti
Mr G Tate
Mr P F P Phillips





SECRETARY: Mr A Fidler





REGISTERED OFFICE: 7-9 Earsdon Road
West Monkseaton
Whitley Bay
Tyne and Wear
NE25 9SX





REGISTERED NUMBER: 02508504 (England and Wales)





AUDITORS: Douglas Shaw Limited
7 Brenkley Way
Blezard Business Park
Seaton Burn
Tyne and Wear
NE13 6DS

Security Systems And Alarms Inspection
Board (Registered number: 02508504)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 573,620 581,321

CURRENT ASSETS
Debtors 5 109,765 102,128
Cash at bank and in hand 3,881,860 3,083,103
3,991,625 3,185,231
CREDITORS
Amounts falling due within one year 6 882,294 723,797
NET CURRENT ASSETS 3,109,331 2,461,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,682,951

3,042,755

PROVISIONS FOR LIABILITIES 9,574 6,026
NET ASSETS 3,673,377 3,036,729

RESERVES
Income and expenditure account 3,673,377 3,036,729
3,673,377 3,036,729

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 28 May 2024 and were signed on its behalf by:





Mr G Tate - Director


Security Systems And Alarms Inspection
Board (Registered number: 02508504)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Security Systems And Alarms Inspection Board is a private company, limited by guarantee , 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.

The directors believe that the company is experiencing good levels of sales and profitability, and that it is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 33% and 20% on cost

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
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.

Security Systems And Alarms Inspection
Board (Registered number: 02508504)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

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.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2022 - 49 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 January 2023 703,057 343,347 1,046,404
Additions - 21,557 21,557
At 31 December 2023 703,057 364,904 1,067,961
DEPRECIATION
At 1 January 2023 154,673 310,410 465,083
Charge for year 14,061 15,197 29,258
At 31 December 2023 168,734 325,607 494,341
NET BOOK VALUE
At 31 December 2023 534,323 39,297 573,620
At 31 December 2022 548,384 32,937 581,321

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 39,235 73,390
Other debtors 70,530 28,738
109,765 102,128

Security Systems And Alarms Inspection
Board (Registered number: 02508504)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 135,924 107,583
Tax 199,545 109,463
Social security and other taxes 198,354 163,571
Other creditors 348,471 343,180
882,294 723,797

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

The Report of the Auditors was unqualified.

Graham Douglas (Senior Statutory Auditor)
for and on behalf of Douglas Shaw Limited

8. ULTIMATE CONTROLLING PARTY

The company is limited by guarantee and ultimate control is with the members.