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REGISTERED NUMBER: 04652959 (England and Wales)















Financial Statements

for the Year Ended 31 December 2024

for

LiSec (UK and Ireland) Limited

LiSec (UK and Ireland) Limited (Registered number: 04652959)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LiSec (UK and Ireland) Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: G R Mair



REGISTERED OFFICE: Unit 200 Queensway Business Park
Telford
Shropshire
TF1 7UL



REGISTERED NUMBER: 04652959 (England and Wales)



SENIOR STATUTORY AUDITOR: Caroline Peverett BA FCA



AUDITORS: Tuerner Audit Limited
Bridge House
Old Grantham Road
Whatton
Nottingham
NG13 9FG

LiSec (UK and Ireland) Limited (Registered number: 04652959)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 105,816 89,548

CURRENT ASSETS
Stocks 571,138 581,297
Debtors 6 19,287,795 10,521,077
Cash at bank and in hand 3,133,530 1,810,435
22,992,463 12,912,809
CREDITORS
Amounts falling due within one year 7 19,861,803 9,718,456
NET CURRENT ASSETS 3,130,660 3,194,353
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,236,476

3,283,901

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 3,236,376 3,283,801
SHAREHOLDERS' FUNDS 3,236,476 3,283,901

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 director and authorised for issue on 7 March 2025 and were signed by:





G R Mair - Director


LiSec (UK and Ireland) Limited (Registered number: 04652959)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

LiSec (UK and Ireland) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue is recognised when the amount of revenue and related costs can be reliably measured, it is probable that the collectability of the related receivables is reasonably assured and when the specific criteria for each activity is met:

a. Complex machinery project revenue is recognised when the buyer accepts delivery, and installation
and inspection are complete.
b. Standard machinery project revenue is recognised when the buyer accepts delivery.
c. Spare parts revenue is recognised when the buyer accepts delivery.
d. Service contract revenue is recognised over the period of the contract.
e. Software licences and project revenue is recognised when the services are rendered, using a
percentage of completion method based on the actual service provided as a proportion of the total
services to be performed.

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 - 33% on cost and 10% on cost
Motor vehicles - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


LiSec (UK and Ireland) Limited (Registered number: 04652959)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


3. 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 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 543,707
Additions 57,947
Disposals (50,034 )
At 31 December 2024 551,620
DEPRECIATION
At 1 January 2024 454,159
Charge for year 35,406
Eliminated on disposal (43,761 )
At 31 December 2024 445,804
NET BOOK VALUE
At 31 December 2024 105,816
At 31 December 2023 89,548

LiSec (UK and Ireland) Limited (Registered number: 04652959)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 2,045,583 2,170,833
Amounts owed by group undertakings 17,058,384 6,963,514
Other debtors 183,828 1,386,730
19,287,795 10,521,077

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 39,112 40,551
Amounts owed to group undertakings 129,781 133,294
Taxation and social security 816,306 588,127
Other creditors 18,876,604 8,956,484
19,861,803 9,718,456

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 126,992 80,287
Between one and five years 30,979 13,025
157,971 93,312

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary 1 100 100

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

The Report of the Auditors was unqualified.

Caroline Peverett BA FCA (Senior Statutory Auditor)
for and on behalf of Tuerner Audit Limited

11. CONTROLLING PARTY

The smallest and largest group in which the results of the company are consolidated is that headed by Lisec Holding GmbH. The registered office of Lisec Holding GmbH is Peter Lisec Strasse 1, 3353 Seitenstetten, Austria.