CCSS Fire & Security Ltd 03543850 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is installation of security products Digita Accounts Production Advanced 6.30.9574.0 true true true Class 1 Class 2 Class 3 true false 03543850 2022-10-01 2023-09-30 03543850 2023-09-30 03543850 bus:Director1 2023-09-30 03543850 bus:OrdinaryShareClass1 bus:CumulativeRedeemableShares 2023-09-30 03543850 bus:OrdinaryShareClass2 bus:CumulativeRedeemableShares 2023-09-30 03543850 core:AcceleratedTaxDepreciationDeferredTax 2023-09-30 03543850 core:OtherDeferredTax 2023-09-30 03543850 core:RetainedEarningsAccumulatedLosses 2023-09-30 03543850 core:ShareCapital 2023-09-30 03543850 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-09-30 03543850 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-09-30 03543850 core:CurrentFinancialInstruments 2023-09-30 03543850 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 03543850 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 03543850 core:BetweenTwoFiveYears 2023-09-30 03543850 core:WithinOneYear 2023-09-30 03543850 core:FurnitureFittings 2023-09-30 03543850 core:LandBuildings 2023-09-30 03543850 core:LandBuildings core:LongLeaseholdAssets 2023-09-30 03543850 core:MotorVehicles 2023-09-30 03543850 core:OfficeEquipment 2023-09-30 03543850 core:PlantMachinery 2023-09-30 03543850 core:DeferredTaxation 2023-09-30 03543850 bus:FRS102 2022-10-01 2023-09-30 03543850 bus:Audited 2022-10-01 2023-09-30 03543850 bus:FullAccounts 2022-10-01 2023-09-30 03543850 bus:RegisteredOffice 2022-10-01 2023-09-30 03543850 bus:Director1 2022-10-01 2023-09-30 03543850 bus:Director2 2022-10-01 2023-09-30 03543850 bus:Director3 2022-10-01 2023-09-30 03543850 bus:HighestPaidDirector 2022-10-01 2023-09-30 03543850 bus:OrdinaryShareClass1 bus:CumulativeRedeemableShares 2022-10-01 2023-09-30 03543850 bus:OrdinaryShareClass2 bus:CumulativeRedeemableShares 2022-10-01 2023-09-30 03543850 bus:Consolidated 2022-10-01 2023-09-30 03543850 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 03543850 core:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 03543850 core:ShareCapital 2022-10-01 2023-09-30 03543850 countries:UnitedKingdom 2022-10-01 2023-09-30 03543850 core:PlantEquipmentUnderOperatingLeases 2022-10-01 2023-09-30 03543850 core:ReportableOperatingSegment1 2022-10-01 2023-09-30 03543850 core:ReportableOperatingSegment2 2022-10-01 2023-09-30 03543850 core:ReportableOperatingSegment3 2022-10-01 2023-09-30 03543850 core:ComputerEquipment 2022-10-01 2023-09-30 03543850 core:FurnitureFittings 2022-10-01 2023-09-30 03543850 core:LandBuildings 2022-10-01 2023-09-30 03543850 core:LandBuildings core:LongLeaseholdAssets 2022-10-01 2023-09-30 03543850 core:MotorVehicles 2022-10-01 2023-09-30 03543850 core:OfficeEquipment 2022-10-01 2023-09-30 03543850 core:PlantMachinery 2022-10-01 2023-09-30 03543850 core:DeferredTaxation 2022-10-01 2023-09-30 03543850 core:UKTax 2022-10-01 2023-09-30 03543850 1 2022-10-01 2023-09-30 03543850 countries:AllCountries 2022-10-01 2023-09-30 03543850 2022-09-30 03543850 core:RetainedEarningsAccumulatedLosses 2022-09-30 03543850 core:ShareCapital 2022-09-30 03543850 core:FurnitureFittings 2022-09-30 03543850 core:LandBuildings core:LongLeaseholdAssets 2022-09-30 03543850 core:MotorVehicles 2022-09-30 03543850 core:OfficeEquipment 2022-09-30 03543850 core:PlantMachinery 2022-09-30 03543850 core:DeferredTaxation 2022-09-30 03543850 2021-10-01 2022-09-30 03543850 2022-09-30 03543850 bus:OrdinaryShareClass1 bus:CumulativeRedeemableShares 2022-09-30 03543850 bus:OrdinaryShareClass2 bus:CumulativeRedeemableShares 2022-09-30 03543850 core:AcceleratedTaxDepreciationDeferredTax 2022-09-30 03543850 core:HirePurchaseContracts core:CurrentFinancialInstruments 2022-09-30 03543850 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2022-09-30 03543850 core:CurrentFinancialInstruments 2022-09-30 03543850 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 03543850 core:Non-currentFinancialInstruments core:AfterOneYear 2022-09-30 03543850 core:BetweenTwoFiveYears 2022-09-30 03543850 core:WithinOneYear 2022-09-30 03543850 core:FurnitureFittings 2022-09-30 03543850 core:LandBuildings 2022-09-30 03543850 core:LandBuildings core:LongLeaseholdAssets 2022-09-30 03543850 core:MotorVehicles 2022-09-30 03543850 core:OfficeEquipment 2022-09-30 03543850 core:PlantMachinery 2022-09-30 03543850 bus:HighestPaidDirector 2021-10-01 2022-09-30 03543850 core:RetainedEarningsAccumulatedLosses 2021-10-01 2022-09-30 03543850 core:ShareCapital 2021-10-01 2022-09-30 03543850 countries:UnitedKingdom 2021-10-01 2022-09-30 03543850 core:PlantEquipmentUnderOperatingLeases 2021-10-01 2022-09-30 03543850 core:ReportableOperatingSegment1 2021-10-01 2022-09-30 03543850 core:UKTax 2021-10-01 2022-09-30 03543850 2021-09-30 03543850 core:RetainedEarningsAccumulatedLosses 2021-09-30 03543850 core:ShareCapital 2021-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03543850

CCSS Fire & Security Ltd

Annual Report and Financial Statements

for the Year Ended 30 September 2023

 

CCSS Fire & Security Ltd

Contents

Company Information

1

Strategic Report

2 to 3

Directors' Report

4

Statement of Directors' Responsibilities

5

Independent Auditor's Report

6 to 8

Profit and Loss Account

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12 to 23

 

CCSS Fire & Security Ltd

Company Information

Directors

M L Wheeler

A J Wheal

Registered office

4 Swanbridge Industrial Estate
Blackcroft Road
Witham
Essex
CM8 3YN

Auditors

Clement Rabjohns Limited
Registered Auditors and Chartered Accountants
111/113 High Street
Evesham
Worcestershire
WR11 4XP

 

CCSS Fire & Security Ltd

Strategic Report for the Year Ended 30 September 2023

The directors present their strategic report for the year ended 30 September 2023.

Principal activity

The principal activity of the company is installation of security products

Fair review of the business

CCSS Fire & Security is a specialist provider in fire, security and electrical servicing, reactive repairs and installations. The business predominantly serves the housing market. The business promotes quality, integrity and reliability in its teams to deliver an excellent service to all customers.
During the year, the company has grown organically. This growth has seen Turnover increase by 3.5% to £15.1M. Despite challenging market conditions, the company has maintained strong Operating Profit and EBITDA, the key indicators by which the directors measure the business.
The company traded well throughout the year generating EBITDA of £1.43M and holding cash balances of £225K. Improvements in working capital management during the year have seen Net Current Assets increase by £680K. See reconciliation of EBITDA below:

Note

2023
 £

2022
 £

Operating profit

 

283,872

714,950

Interest payable

 

9,548

11,097

Depreciation and Amortisation

 

71,905

120,556

Non-recurring exceptional costs

 

642,499

-

Gain on disposal of assets

 

(51,758)

(55,930)

Other non-operating costs

 

176,458

-

Group management recharge

 

295,442

386,750

 

1,427,966

1,177,423

The company uses a range of performance measures to effectively monitor and manage its business. The Directors and senior management review these KPI’s and financial performance monthly and these are discussed at the monthly board meetings. The financial KPI’s used to manage the business are disclosed below:

Financial KPIs

Unit

2023

2022

Turnover

£

15,069,121

14,555,949

Turnover growth

%

4

30

Gross profit

£

4,294,725

4,412,991

EBITDA before non-recurring costs

£

1,427,966

1,177,423

EBITDA growth

%

21

3

Non-recurring costs

£

642,499

173

EBITDA after non-recurring costs

£

785,466

1,177,423

Principal risks and uncertainties

 

CCSS Fire & Security Ltd

Strategic Report for the Year Ended 30 September 2023

The principle risks to the business are;

- To mis-manage the life safety and security equipment at a client site resulting in a claim for contractual damages.
- To provide defective design services to a client resulting in inadequate fire or security protection.

The group has significant technical expertise and systems of management control and supervision borne out by its industry accreditations. these, combined with our unblemished track record over many years of trading provides comfort that the above risks are being properly mitigated.

Approved and authorised by the Board on 30 August 2024 and signed on its behalf by:
 

.........................................
M L Wheeler
Director

 

CCSS Fire & Security Ltd

Directors' Report for the Year Ended 30 September 2023

The directors present their report and the financial statements for the year ended 30 September 2023.

Directors of the company

The directors who held office during the year were as follows:

D R Pugh (appointed 1 March 2023 and ceased 21 June 2024)

M L Wheeler

A J Wheal

Financial instruments

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Approved and authorised by the Board on 30 August 2024 and signed on its behalf by:
 

.........................................
M L Wheeler
Director

 

CCSS Fire & Security Ltd

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

CCSS Fire & Security Ltd

Independent Auditor's Report to the Members of CCSS Fire & Security Ltd

Opinion

We have audited the financial statements of CCSS Fire & Security Ltd (the 'company') for the year ended 30 September 2023, which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 30 September 2023 and of its profit for the year then ended;

have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

 

CCSS Fire & Security Ltd

Independent Auditor's Report to the Members of CCSS Fire & Security Ltd

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

the financial statements are not in agreement with the accounting records and returns; or

certain disclosures of directors' remuneration specified by law are not made; or

we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities [set out on page 5], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Due to the inherent limitations of an audit, there is a risk that we will not detect all irregularities even though the audit has been properly planned and performed in accordance with the ISAs (UK). The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

 

CCSS Fire & Security Ltd

Independent Auditor's Report to the Members of CCSS Fire & Security Ltd

We obtained an understanding of the legal and regulatory frameworks that are applicable to the company, and the industry in which it operates. These include but are not limited to compliance with the Companies Act 2006, UK Generally Accepted Accounting Principles and the relevant tax compliance regulations for the company.

We obtained an understanding of how the company is complying with these frameworks through discussions with management.

We enquired with management whether there were any instances of non-compliance with laws and regulations or whether they had knowledge of actual or suspected fraud. These enquiries are corroborated through follow-up audit procedures including but not limited to a review of legal and professional costs and correspondence.

We assessed the susceptibility of the company's financial statements to material misstatement, including the risk of fraud and management override of controls. We designed our audit procedures to respond to this assessment, including the identification and testing of any related party transactions and the testing of journal transactions that arise from management estimates, that are determined to be of significant value or unusual in their nature.

We assessed the appropriateness of the collective competence and capabilities of the engagement team, including consideration of the engagement team's knowledge and understanding of the industry in which the company operates in, and their practical experience through training and participation with audit engagements of a similar nature.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

......................................
Philip Parsons FCA (Senior Statutory Auditor)
For and on behalf of Clement Rabjohns Limited, Statutory Auditor

111/113 High Street
Evesham
Worcestershire
WR11 4XP

30 August 2024

 

CCSS Fire & Security Ltd

Profit and Loss Account for the Year Ended 30 September 2023

Note

2023
£

2022
£

Turnover

3

15,069,121

14,555,949

Cost of sales

 

(10,774,396)

(10,142,958)

Gross profit

 

4,294,725

4,412,991

Administrative expenses

 

(4,106,253)

(3,698,041)

Other operating income

4

95,400

-

Operating profit

6

283,872

714,950

Interest payable and similar expenses

7

(9,548)

(11,097)

Profit before tax

 

274,324

703,853

Tax on profit

11

364,603

77,279

Profit for the financial year

 

638,927

781,132

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

CCSS Fire & Security Ltd

(Registration number: 03543850)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

12

503,246

602,752

Current assets

 

Stocks

13

549,872

365,304

Debtors

14

6,062,587

5,720,308

Cash at bank and in hand

 

225,544

1,069,833

 

6,838,003

7,155,445

Creditors: Amounts falling due within one year

16

(2,467,687)

(3,464,743)

Net current assets

 

4,370,316

3,690,702

Total assets less current liabilities

 

4,873,562

4,293,454

Creditors: Amounts falling due after more than one year

16

-

(10,688)

Provisions for liabilities

17

(25,742)

(73,873)

Net assets

 

4,847,820

4,208,893

Capital and reserves

 

Called up share capital

125

125

Retained earnings

4,847,695

4,208,768

Shareholders' funds

 

4,847,820

4,208,893

Approved and authorised by the Board on 30 August 2024 and signed on its behalf by:
 

.........................................
M L Wheeler
Director

 

CCSS Fire & Security Ltd

Statement of Changes in Equity for the Year Ended 30 September 2023

Share capital
£

Retained earnings
£

Total
£

At 1 October 2022

125

4,208,768

4,208,893

Profit for the year

-

638,927

638,927

At 30 September 2023

125

4,847,695

4,847,820

Share capital
£

Retained earnings
£

Total
£

At 1 October 2021

125

3,427,636

3,427,761

Profit for the year

-

781,132

781,132

At 30 September 2022

125

4,208,768

4,208,893

 

CCSS Fire & Security Ltd

Notes to the Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
4 Swanbridge Industrial Estate
Blackcroft Road
Witham
Essex
CM8 3YN
United Kingdom

The principal place of business is:
Stuart House
Valepits Road
Garretts Green
Birmingham
West Midlands
B33 0TD
United Kingdom

These financial statements were authorised for issue by the Board on 30 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Departure from requirements of FRS 102

The company has taken advantage of the disclosure exemption to not report Section 7 Statement of Cash Flows.

Summary of disclosure exemptions

CCSS Fire and Security Limited meets the definition of a qualifying entity under FRS 102 and is therefore exempt from certain disclosure requirements in respect of its financial statements. Exemptions have been taken in relation to the preparation of a statement of cash flows, financial instruments and key management compensation.

Name of parent of group

These financial statements are consolidated in the financial statements of EA-RS Fire Engineering Group Limited.

 

CCSS Fire & Security Ltd

Notes to the Financial Statements for the Year Ended 30 September 2023

The financial statements of EA-RS Fire Engineering Group Limited may be obtained from 4 Swanbridge Industrial Park, Black Croft Road, Witham, Essex, CM8 3YN.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

Revenue recognition and accrued contract costs:
The turnover policy and financial instrument policies below set out the company's policies with regards to revenue recognition and recognition of accrued contract costs which affects turnover, cost of sales, gross profit, debtors and creditors. This is necessarily based on assumptions and estimates in relation to the degree of contract completion and the expected profitability of each contract. The main estimates this year are the sum of £200,000 (2022: £272,645) included in debtors in respect of gross amounts due from contract customers..

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other 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 reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

CCSS Fire & Security Ltd

Notes to the Financial Statements for the Year Ended 30 September 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Long leasehold

2% straight line

Plant and machinery

20% reducing balance

Fixtures and fittings

20% straight line

Motor vehicles

25% reducing balance

Computer equipment

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

CCSS Fire & Security Ltd

Notes to the Financial Statements for the Year Ended 30 September 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

CCSS Fire & Security Ltd

Notes to the Financial Statements for the Year Ended 30 September 2023

Financial instruments

Classification
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
 Recognition and measurement
Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 

3

Turnover

The analysis of the company's turnover for the year from continuing operations is as follows:

2023
£

2022
£

Sale of goods

15,069,121

14,555,949

The analysis of the company's turnover for the year by class of business is as follows:

2023
£

2022
£

Fire and security services

15,069,121

14,555,949

The analysis of the company's turnover for the year by market is as follows:

2023
£

2022
£

UK

15,069,121

14,555,949

4

Other operating income

The analysis of the company's other operating income for the year is as follows:

2023
£

2022
£

Miscellaneous other operating income

95,400

-

5

Other gains and losses

The analysis of the company's other gains and losses for the year is as follows:

 

CCSS Fire & Security Ltd

Notes to the Financial Statements for the Year Ended 30 September 2023

2023
£

2022
£

Gain on disposal of tangible assets

51,758

55,930

6

Operating profit

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

71,904

120,556

Operating lease expense - plant and machinery

213,189

31,915

Profit on disposal of property, plant and equipment

(51,758)

(55,930)

7

Interest payable and similar expenses

2023
£

2022
£

Interest on obligations under finance leases and hire purchase contracts

9,548

11,097

8

Staff costs

The aggregate payroll costs (including directors' remuneration) were as follows:

2023
£

2022
£

Wages and salaries

3,948,657

3,414,446

Social security costs

428,031

390,063

Pension costs, defined contribution scheme

78,761

66,815

Other employee expense

57,710

131,527

4,513,159

4,002,851

The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:

2023
No.

2022
No.

Staff

116

109

Directors

3

1

119

110

9

Directors' remuneration

The directors' remuneration for the year was as follows:

 

CCSS Fire & Security Ltd

Notes to the Financial Statements for the Year Ended 30 September 2023

2023
£

2022
£

Remuneration

67,643

90,000

Contributions paid to money purchase schemes

593

661

68,236

90,661

During the year the number of directors who were receiving benefits and share incentives was as follows:

2023
No.

2022
No.

Accruing benefits under money purchase pension scheme

1

1

In respect of the highest paid director:

2023
£

2022
£

Remuneration

140,161

90,000

Company contributions to money purchase pension schemes

593

661

Remuneration for the highest paid director is in part included in exceptional costs; £72,518 (£nil - 2022).

10

Auditors' remuneration

2023
£

2022
£

Audit of the financial statements

19,700

16,600


 

11

Taxation

Tax charged/(credited) in the profit and loss account

2023
£

2022
£

Current taxation

UK corporation tax

-

146,467

UK corporation tax adjustment to prior periods

(316,472)

(206,637)

(316,472)

(60,170)

Deferred taxation

Arising from origination and reversal of timing differences

(48,131)

(17,109)

Tax receipt in the income statement

(364,603)

(77,279)

 

CCSS Fire & Security Ltd

Notes to the Financial Statements for the Year Ended 30 September 2023

The tax on profit before tax for the year is lower than the standard rate of corporation tax in the UK (2022 - the same as the standard rate of corporation tax in the UK) of 22.01% (2022 - 19%).

The differences are reconciled below:

2023
£

2022
£

Profit before tax

274,324

703,853

Corporation tax at standard rate

60,379

133,732

Decrease from effect of different UK tax rates on some earnings

(5,760)

-

Effect of revenues exempt from taxation

-

(10,627)

Effect of expense not deductible in determining taxable profit (tax loss)

2,193

118

Deferred tax credit from unrecognised tax loss or credit

-

(17,109)

Decrease in UK and foreign current tax from adjustment for prior periods

(75,065)

-

Tax (decrease)/increase from effect of capital allowances and depreciation

(554)

23,244

Tax decrease arising from group relief

(104,894)

-

Tax decrease from effect of adjustment in research and development tax credit

(240,902)

(206,637)

Total tax credit

(364,603)

(77,279)

Deferred tax

Deferred tax assets and liabilities

2023

Asset
£

Liability
£

Accelerated tax depreciaton

-

52,257

Short term timing differences - trading

26,514

-

26,514

52,257

2022

Asset
£

Liability
£

Accelerated tax depreciaton

-

73,873

-

73,873

 

CCSS Fire & Security Ltd

Notes to the Financial Statements for the Year Ended 30 September 2023

12

Tangible assets

Long leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2022

351,901

125,166

35,396

216,409

771,459

1,500,331

Additions

-

8,779

11,370

8,313

-

28,462

Disposals

-

-

-

-

(267,050)

(267,050)

At 30 September 2023

351,901

133,945

46,766

224,722

504,409

1,261,743

Depreciation

At 1 October 2022

77,600

124,977

26,862

162,833

505,307

897,579

Charge for the year

6,800

726

1,707

10,830

52,779

72,842

Eliminated on disposal

-

-

-

-

(211,924)

(211,924)

At 30 September 2023

84,400

125,703

28,569

173,663

346,162

758,497

Carrying amount

At 30 September 2023

267,501

8,242

18,197

51,059

158,247

503,246

At 30 September 2022

274,301

189

8,534

53,576

266,152

602,752

Included within the net book value of land and buildings above is £267,501 (2022 - £274,301) in respect of long leasehold land and buildings.
 

 

CCSS Fire & Security Ltd

Notes to the Financial Statements for the Year Ended 30 September 2023

Assets held under finance leases and hire purchase contracts

The net carrying amount of tangible assets includes the following amounts in respect of assets held under finance leases and hire purchase contracts:

 

2023
£

2022
£

Motor vehicles

61,484

232,934

     

Restriction on title and pledged as security

Long leasehold building with a carrying amount of £267,501 (2022 - £274,301) has been pledged as security for group debt financed by Ares Management Ltd.

13

Stocks

2023
£

2022
£

Other inventories

549,872

365,304

14

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

2,523,894

2,651,279

Amounts owed by related parties

2,461,258

2,267,769

Other debtors

 

169,973

71,402

Prepayments

 

707,462

457,213

Gross amount due from customers for contract work

 

200,000

272,645

   

6,062,587

5,720,308

15

Cash and cash equivalents

2023
£

2022
£

Cash on hand

276

470

Cash at bank

225,268

1,069,363

225,544

1,069,833

 

CCSS Fire & Security Ltd

Notes to the Financial Statements for the Year Ended 30 September 2023

16

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

20

10,689

73,943

Trade creditors

 

1,636,102

2,540,999

Social security and other taxes

 

533,630

572,973

Other payables

 

34,002

14,263

Accruals

 

253,190

116,098

Income tax liability

11

74

146,467

 

2,467,687

3,464,743

Due after one year

 

Loans and borrowings

20

-

10,688

17

Provisions for liabilities

Deferred tax
£

Total
£

At 1 October 2022

73,873

73,873

Increase (decrease) in existing provisions

(48,131)

(48,131)

At 30 September 2023

25,742

25,742

18

Pension and other schemes

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £78,761 (2022 - £66,815).

19

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A of £1 each

100

100

100

100

Ordinary B of £1 each

25

25

25

25

 

125

125

125

125

 

CCSS Fire & Security Ltd

Notes to the Financial Statements for the Year Ended 30 September 2023

20

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Hire purchase contracts

-

10,688

2023
£

2022
£

Current loans and borrowings

Hire purchase contracts

10,689

73,943

21

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2023
£

2022
£

Not later than one year

237,003

96,106

Later than one year and not later than five years

210,444

328,418

447,447

424,524

22

Commitments

Other financial commitments

The Company's assets have been pledged as security for a debenture given by Rockpool (Security Trustee) Limited to an intermediate subsidiary company in the Group.

The Company's asset have secondly been pledged as security for a debenture given by Ares Management Limited to an intermediate subsidiary company in the Group.

23

Parent and ultimate parent undertaking

The company's immediate parent is EA-RS Group Limited, incorporated in the United Kingdom.

 The ultimate parent is EA-RS Fire Engineering Group Limited, incorporated in the United Kingdom.

  These financial statements are available upon request from 4 Swanbridge Industrial Park, Black Croft Road, Witham, Essex, CM8 3YN