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REGISTERED NUMBER: 12325446 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

INNOVATIVE SPECIALIZED SECURITY
SOLUTIONS LIMITED

INNOVATIVE SPECIALIZED SECURITY
SOLUTIONS LIMITED (REGISTERED NUMBER: 12325446)






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


INNOVATIVE SPECIALIZED SECURITY
SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: R Dardas
G Sayegh
S M M Mahran





REGISTERED OFFICE: Sutherland House
1759 London Road
Leigh on Sea
Essex
SS9 2RZ





REGISTERED NUMBER: 12325446 (England and Wales)





ACCOUNTANTS: Platt Rushton LLP
Chartered Accountants
Sutherland House
1759 London Road
Leigh on Sea
Essex
SS9 2RZ

INNOVATIVE SPECIALIZED SECURITY
SOLUTIONS LIMITED (REGISTERED NUMBER: 12325446)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 25,500 51,000
Investments 5 1,068 1,068
26,568 52,068

CURRENT ASSETS
Debtors 6 372,920 785,787

CREDITORS
Amounts falling due within one year 7 257,890 455,805
NET CURRENT ASSETS 115,030 329,982
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,598

382,050

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 141,498 381,950
SHAREHOLDERS' FUNDS 141,598 382,050

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 18 March 2025 and were signed on its behalf by:





R Dardas - Director


INNOVATIVE SPECIALIZED SECURITY
SOLUTIONS LIMITED (REGISTERED NUMBER: 12325446)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Innovative Specialized Security Solutions 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

3. EMPLOYEES AND DIRECTORS

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

INNOVATIVE SPECIALIZED SECURITY
SOLUTIONS LIMITED (REGISTERED NUMBER: 12325446)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 127,500
AMORTISATION
At 1 January 2024 76,500
Charge for year 25,500
At 31 December 2024 102,000
NET BOOK VALUE
At 31 December 2024 25,500
At 31 December 2023 51,000

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 1,068
NET BOOK VALUE
At 31 December 2024 1,068
At 31 December 2023 1,068

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 347,820 770,810
Other debtors 25,100 14,977
372,920 785,787

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 72 71
Amounts owed to group undertakings 157,006 248,832
Taxation and social security - 105,658
Other creditors 100,812 101,244
257,890 455,805

INNOVATIVE SPECIALIZED SECURITY
SOLUTIONS LIMITED (REGISTERED NUMBER: 12325446)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
R Dardas
Balance outstanding at start of year - 44,376
Amounts repaid - (44,376 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

10. RELATED PARTY DISCLOSURES

Included within amounts owed to group undertakings are loans from the company's immediate parent totalling £155,938 (2023: £247,764) and a subsidiary in which the company holds a minority interest of £1,068 (2023: £1,068). Both loans are interest free and repayable on demand.

As at 31st December 2024, other creditors due within one year include loans from two companies under the control of a director. The loans totalled £96,894 (2023: £96,894). The loans are interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

Techno Ampex Group Limited ("TAG") is the company's immediate and ultimate parent undertaking. TAG's registered office is 2nd Floor, Berkeley Square House, Berkeley Square, Mayfair, London, England, W1J 6BD and TAG does not prepare consolidated financial statements.