Caseware UK (AP4) 2023.0.135 2023.0.135 true492023-05-01falseNo description of principal activity49falsefalse 03246838 2023-05-01 2024-04-30 03246838 2022-05-01 2023-04-30 03246838 2024-04-30 03246838 2023-04-30 03246838 c:Director3 2023-05-01 2024-04-30 03246838 d:PlantMachinery 2023-05-01 2024-04-30 03246838 d:PlantMachinery 2024-04-30 03246838 d:PlantMachinery 2023-04-30 03246838 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03246838 d:MotorVehicles 2023-05-01 2024-04-30 03246838 d:MotorVehicles 2024-04-30 03246838 d:MotorVehicles 2023-04-30 03246838 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03246838 d:FurnitureFittings 2023-05-01 2024-04-30 03246838 d:FurnitureFittings 2024-04-30 03246838 d:FurnitureFittings 2023-04-30 03246838 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03246838 d:OfficeEquipment 2023-05-01 2024-04-30 03246838 d:OfficeEquipment 2024-04-30 03246838 d:OfficeEquipment 2023-04-30 03246838 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03246838 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03246838 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-30 03246838 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-30 03246838 d:CurrentFinancialInstruments 2024-04-30 03246838 d:CurrentFinancialInstruments 2023-04-30 03246838 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 03246838 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 03246838 d:ShareCapital 2024-04-30 03246838 d:ShareCapital 2023-04-30 03246838 d:CapitalRedemptionReserve 2024-04-30 03246838 d:CapitalRedemptionReserve 2023-04-30 03246838 d:RetainedEarningsAccumulatedLosses 2024-04-30 03246838 d:RetainedEarningsAccumulatedLosses 2023-04-30 03246838 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-04-30 03246838 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-04-30 03246838 c:FRS102 2023-05-01 2024-04-30 03246838 c:Audited 2023-05-01 2024-04-30 03246838 c:FullAccounts 2023-05-01 2024-04-30 03246838 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03246838 c:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 03246838 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2023-05-01 2024-04-30 03246838 2 2023-05-01 2024-04-30 03246838 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 03246838










Guide Security Services Limited










Financial statements

For the year ended 30 April 2024

 
Guide Security Services Limited
Registered number: 03246838

Balance sheet
As at 30 April 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
3,255
-

Tangible assets
 5 
90,413
82,538

  
93,668
82,538

Current assets
  

Stocks
  
315,535
423,665

Debtors: amounts falling due within one year
 6 
6,279,128
1,109,616

Cash at bank and in hand
 7 
1,535,435
6,070,151

  
8,130,098
7,603,432

Creditors: amounts falling due within one year
 8 
(2,009,829)
(2,754,131)

Net current assets
  
 
 
6,120,269
 
 
4,849,301

Total assets less current liabilities
  
6,213,937
4,931,839

Provisions for liabilities
  

Other provisions
 9 
(80,000)
(80,000)

Net assets
  
6,133,937
4,851,839


Capital and reserves
  

Called up share capital 
  
150,000
150,000

Capital redemption reserve
  
350,000
350,000

Profit and loss account
  
5,633,937
4,351,839

  
6,133,937
4,851,839


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 income and retained earnings 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 27 January 2025.




S Butler
Director

The notes on pages 2 to 9 form part of these financial statements.

Page 1

 
Guide Security Services Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

1.


General information

Guide Security Services Limited is a limited liability company incorporated in England and Wales, company number 03246838. The address of the company's registered office and principal place of business is 6b Ambley Green, Gillingham Business Park, Gillingham, ME8 0NJ. The company's principal operations relate to the provision of remote monitoring services, namely CCTV and alarm monitoring, plus key holding and alarm response services.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

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

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 
Guide Security Services Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
Guide Security Services Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
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
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 except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

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.

 
2.10

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.

Page 4

 
Guide Security Services Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

2.Accounting policies (continued)


2.10
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:

Plant and machinery
-
5%
- 25% Straight line
Motor vehicles
-
25%
Straight line
Fixtures and fittings
-
25%
Straight line
Computers
-
25%
Straight line

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.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
Guide Security Services Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

2.Accounting policies (continued)

 
2.16

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 Balance sheet 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 trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest, discounting is omitted, where the effect of discounting is immaterial.

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

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.17

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.


3.


Employees

The average monthly number of employees, including directors, during the year was 49 (2023 - 49).

Page 6

 
Guide Security Services Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

4.


Intangible assets




Development costs

£



Cost


Additions
3,255



At 30 April 2024

3,255






Net book value



At 30 April 2024
3,255



At 30 April 2023
-




5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Computers
Total

£
£
£
£
£



Cost or valuation


At 1 May 2023
266,481
96,274
142,895
69,790
575,440


Additions
11,067
21,100
408
14,612
47,187


Disposals
-
(22,274)
-
-
(22,274)



At 30 April 2024

277,548
95,100
143,303
84,402
600,353



Depreciation


At 1 May 2023
266,133
22,927
137,311
66,531
492,902


Charge for the year
2,391
23,970
1,618
2,980
30,959


Disposals
-
(13,921)
-
-
(13,921)



At 30 April 2024

268,524
32,976
138,929
69,511
509,940



Net book value



At 30 April 2024
9,024
62,124
4,374
14,891
90,413



At 30 April 2023
348
73,347
5,584
3,259
82,538

Page 7

 
Guide Security Services Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024


6.


Debtors

As restated
2024
2023
£
£


Trade debtors
632,782
972,933

Amounts owed by group undertakings
5,530,175
-

Other debtors
27,611
20,721

Prepayments and accrued income
54,297
42,623

Deferred taxation
34,263
73,339

6,279,128
1,109,616



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,535,435
6,070,151



8.


Creditors: Amounts falling due within one year

As restated
2024
2023
£
£

Trade creditors
176,025
186,156

Amounts owed to group undertakings
107,789
-

Corporation tax
19,685
254,445

Other taxation and social security
210,543
272,317

Other creditors
174,442
614,561

Accruals and deferred income
1,321,345
1,426,652

2,009,829
2,754,131



9.


Provisions





Dilapidations

£





At 1 May 2023
80,000



At 30 April 2024
80,000

The dilapidation provision was previously included within other creditors and reclassified to provisions.

Page 8

 
Guide Security Services Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

10.


Commitments under operating leases

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £50,000 (2023: £204,208).


11.


Prior year adjustment

Resulting from the acquisition by the Fire and Security Holdings Limited group, the allocation of codings have been aligned with other group entities.  This has resulted in a £103,502 reduction in work in progress, £578,281 increase in trade debtors, £394,779 increase in deferred income and £80,000 increase in provisions.


12.


Related party transactions

The Company has taken advantage of the exemption from disclosing related party transactions with its fellow group members provided by Section 33 Related Party Disclosures paragraph 33.1A.


13.


Controlling party

The company's immediate parent company is Senseco Systems Limited, a company incorporated in England and Wales.
The ultimate parent undertaking of the company is Foundation Investment Partners II (GP) LLP.
The company is not under control of any one individual. 


14.


Auditor's information

The auditor's report on the financial statements for the year ended 30 April 2024 was unqualified.

The audit report was signed on 27 January 2025 by Rodney Sutton BA FCA FCCA CA (SA) (Senior statutory auditor) on behalf of Kreston Reeves LLP.


Page 9