IRIS Accounts Production v24.2.0.383 05003244 Board of Directors 1.1.23 31.12.23 31.12.23 0 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050032442022-12-31050032442023-12-31050032442023-01-012023-12-31050032442021-12-31050032442022-01-012022-12-31050032442022-12-3105003244ns15:EnglandWales2023-01-012023-12-3105003244ns14:PoundSterling2023-01-012023-12-3105003244ns10:Director12023-01-012023-12-3105003244ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3105003244ns10:SmallEntities2023-01-012023-12-3105003244ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3105003244ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3105003244ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3105003244ns10:FullAccounts2023-01-012023-12-3105003244ns10:EntityNoLongerTradingButTradedInPast2023-01-012023-12-3105003244ns10:OrdinaryShareClass12023-01-012023-12-3105003244ns10:OrdinaryShareClass22023-01-012023-12-3105003244ns10:Director22023-01-012023-12-3105003244ns10:RegisteredOffice2023-01-012023-12-3105003244ns5:CurrentFinancialInstruments2023-12-3105003244ns5:CurrentFinancialInstruments2022-12-3105003244ns5:ShareCapital2023-12-3105003244ns5:ShareCapital2022-12-3105003244ns5:SharePremium2023-12-3105003244ns5:SharePremium2022-12-3105003244ns5:CapitalRedemptionReserve2023-12-3105003244ns5:CapitalRedemptionReserve2022-12-3105003244ns5:RetainedEarningsAccumulatedLosses2023-12-3105003244ns5:RetainedEarningsAccumulatedLosses2022-12-3105003244ns5:CostValuation2022-12-3105003244ns10:OrdinaryShareClass12023-12-3105003244ns10:OrdinaryShareClass22023-12-31
REGISTERED NUMBER: 05003244 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

INTEGRATED SECURITY MANUFACTURING
HOLDINGS LIMITED

INTEGRATED SECURITY MANUFACTURING
HOLDINGS LIMITED (REGISTERED NUMBER: 05003244)

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


INTEGRATED SECURITY MANUFACTURING
HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S Smith
J I M Glen





REGISTERED OFFICE: 6 Warren Court
Park Road
Crowborough
East Sussex
TN6 2QX





REGISTERED NUMBER: 05003244 (England and Wales)





ACCOUNTANTS: Oreka Accounting Limited
3 Juziers Drive
East Hoathly
East Sussex
BN8 6AE

INTEGRATED SECURITY MANUFACTURING
HOLDINGS LIMITED (REGISTERED NUMBER: 05003244)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 10,100 10,100

CURRENT ASSETS
Debtors 5 - 15,295
Cash at bank 320 320
320 15,615
CREDITORS
Amounts falling due within one year 6 100 100
NET CURRENT ASSETS 220 15,515
TOTAL ASSETS LESS CURRENT LIABILITIES 10,320 25,615

CAPITAL AND RESERVES
Called up share capital 7 8,705 8,705
Share premium 8 13,200 13,200
Capital redemption reserve 8 1,235 1,235
Retained earnings 8 (12,820 ) 2,475
SHAREHOLDERS' FUNDS 10,320 25,615

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 17 September 2024 and were signed on its behalf by:





S Smith - Director


INTEGRATED SECURITY MANUFACTURING
HOLDINGS LIMITED (REGISTERED NUMBER: 05003244)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Integrated Security Manufacturing Holdings 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.

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.

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.


The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Investments in subsidiaries
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

INTEGRATED SECURITY MANUFACTURING
HOLDINGS LIMITED (REGISTERED NUMBER: 05003244)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments· of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets
Basic financial assets, which include debtors 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 financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.


Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

INTEGRATED SECURITY MANUFACTURING
HOLDINGS LIMITED (REGISTERED NUMBER: 05003244)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 10,100
NET BOOK VALUE
At 31 December 2023 10,100
At 31 December 2022 10,100

Subsidiary company
These financial statements are separate company financial statements for Integrated Security Manufacturing Holdings Limited.

Details of the company's subsidiaries at 31 December 2023 are as follows:


Name of undertaking


Nature of business
Class of shares
held

% Holding

lntegrated Security Manufacturing
Limited

Security System Manufacture and
Maintenance

Ordinary

100.00

Registered Office address: 6 Warren Court, Park Road, Crowborough, East Sussex, England, TN6 2QX.


Genesys Integrated Systems Ltd Dormant Company Ordinary 100.00

Registered Office address: 6 Warren Court, Park Road, Crowborough, East Sussex, England, TN6 2QX.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings - 15,295

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 100 100

INTEGRATED SECURITY MANUFACTURING
HOLDINGS LIMITED (REGISTERED NUMBER: 05003244)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
6,760 Ordinary A £1 6,760 6,760
3,180 Ordinary B £1 1,945 1,945
8,705 8,705

There are 2 classes of Ordinary shares; Ordinary A and B shares. There are no restrictions on the distribution of dividends and repayment of capital.

8. PROFIT AND LOSS RESERVES

Retained earnings represents accumulated comprehensive income for the year and prior periods less dividends paid and consideration on shares repurchased.