REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 |
FOR |
BLACK BOX SECURITY ALARM SYSTEMS LTD |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 |
FOR |
BLACK BOX SECURITY ALARM SYSTEMS LTD |
BLACK BOX SECURITY ALARM SYSTEMS LTD (REGISTERED NUMBER: 02481608) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 October 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
BLACK BOX SECURITY ALARM SYSTEMS LTD |
COMPANY INFORMATION |
for the Year Ended 31 October 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Unit 1, Guest House Farm |
Runshaw Lane |
Euxton |
Chorley |
Lancashire |
PR7 6HD |
BLACK BOX SECURITY ALARM SYSTEMS LTD (REGISTERED NUMBER: 02481608) |
BALANCE SHEET |
31 October 2024 |
2024 | 2023 |
Notes | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
Tangible assets | 6 |
CURRENT ASSETS |
Stocks | 7 |
Debtors | 8 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 9 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 12 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 13 |
Share premium |
Retained earnings |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the Board of Directors and authorised for issue on |
BLACK BOX SECURITY ALARM SYSTEMS LTD (REGISTERED NUMBER: 02481608) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 October 2024 |
1. | STATUTORY INFORMATION |
Black Box Security Alarm Systems Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
SIGNIFICANT JUDGEMENTS AND ESTIMATES |
Significant judgements and estimates made by management in preparing these financial statements include: |
- Amortisation |
- Depreciation |
- Deferred Income |
- Accrued Income |
- Provision for obsolete stock |
- Financial instruments |
TURNOVER |
Turnover represents: |
- The invoiced value of supply and installation of alarm systems, net of value added tax; and |
- The income arising from service and maintenance contracts, which is recognised evenly over the period of the contracts. Service and maintenance contracts invoiced in advance of the year end, but where the work has not yet been performed in accordance with the policy in the preceding sentence, is included in deferred income. |
GOODWILL |
Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is 20 years. Provision is made for any impairment. |
TANGIBLE FIXED ASSETS |
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. |
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its useful economic life. |
Plant and machinery - 20% on cost |
Fixtures and fittings - 10% or 20% on cost |
Motor vehicles - 20% reducing balance |
BLACK BOX SECURITY ALARM SYSTEMS LTD (REGISTERED NUMBER: 02481608) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 October 2024 |
3. | ACCOUNTING POLICIES - continued |
STOCKS |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition |
FINANCIAL INSTRUMENTS |
The following assets and liabilities are classified as financial instruments - trade debtors and trade creditors. |
Trade debtors, trade creditors, are measured at the undiscounted amount of the cash or consideration expected to be paid or received. |
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. |
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. |
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. |
MANAGEMENT FEES |
Management fees are payable by the company to its Parent, Black Box Investments Ltd. These are calculated at operating costs incurred by the Parent company plus a 25% uplift. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
BLACK BOX SECURITY ALARM SYSTEMS LTD (REGISTERED NUMBER: 02481608) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 October 2024 |
5. | INTANGIBLE FIXED ASSETS |
Computer |
Goodwill | software | Totals |
£ | £ | £ |
COST |
At 1 November 2023 |
Additions |
At 31 October 2024 |
AMORTISATION |
At 1 November 2023 |
Amortisation for year |
At 31 October 2024 |
NET BOOK VALUE |
At 31 October 2024 |
At 31 October 2023 |
6. | TANGIBLE FIXED ASSETS |
Fixtures |
Short | Plant and | and | Motor |
leasehold | machinery | fittings | vehicles | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 November 2023 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 October 2024 |
DEPRECIATION |
At 1 November 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 October 2024 |
NET BOOK VALUE |
At 31 October 2024 |
At 31 October 2023 |
7. | STOCKS |
2024 | 2023 |
£ | £ |
Goods for resale |
BLACK BOX SECURITY ALARM SYSTEMS LTD (REGISTERED NUMBER: 02481608) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 October 2024 |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Prepayments and accrued income |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Corporation tax |
Social security and other taxes |
Other creditors |
Accruals and deferred income |
10. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2024 | 2023 |
£ | £ |
Within one year |
Between one and five years |
11. | SECURED DEBTS |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Bank overdraft |
Handelsbanken plc holds a debenture incorporating a fixed & floating charge over all of the assets of the company.There is also an unlimited cross guarantee in place between Black Box Security Alarm Systems Ltd and Black Box investments Limited. |
12. | PROVISIONS FOR LIABILITIES |
2024 | 2023 |
£ | £ |
Deferred tax | 119,477 | 38,249 |
BLACK BOX SECURITY ALARM SYSTEMS LTD (REGISTERED NUMBER: 02481608) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 October 2024 |
12. | PROVISIONS FOR LIABILITIES - continued |
Deferred |
tax |
£ |
Balance at 1 November 2023 |
Accelerated capital allowances | 81,228 |
Balance at 31 October 2024 |
13. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
A Ordinary | 1 | 102 | 102 |
B Ordinary | 1 | 60 | 60 |
C Ordinary | 1 | 18 | 18 |
180 | 180 |
14. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
15. | ULTIMATE CONTROLLING PARTY |
The controlling party is the parent company, Black Box Investments Limited. |
Registered office address; Poplar Court, 1a Chorley North Industrial Park, Chorley, England, PR6 7BX. Group accounts have not been prepared by the parent company, being a small group. |