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REGISTERED NUMBER: 02481608 (England and Wales)















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: Mr D Barnes
Mr A Wood





SECRETARY: Mr A Wood





REGISTERED OFFICE: 1A Chorley North Industrial Park
Drumhead Road
Chorley
Lancashire
PR6 7BX





REGISTERED NUMBER: 02481608 (England and Wales)





AUDITORS: RFM Audit Services LLP, Statutory Auditor
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 56,825 61,902
Tangible assets 6 643,007 259,663
699,832 321,565

CURRENT ASSETS
Stocks 7 207,395 155,548
Debtors 8 2,834,826 2,455,445
Cash at bank and in hand 142,837 592
3,185,058 2,611,585
CREDITORS
Amounts falling due within one year 9 2,361,503 1,656,114
NET CURRENT ASSETS 823,555 955,471
TOTAL ASSETS LESS CURRENT LIABILITIES 1,523,387 1,277,036

PROVISIONS FOR LIABILITIES 12 119,477 38,249
NET ASSETS 1,403,910 1,238,787

CAPITAL AND RESERVES
Called up share capital 13 180 180
Share premium 67,752 67,752
Retained earnings 1,335,978 1,170,855
SHAREHOLDERS' FUNDS 1,403,910 1,238,787

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 25 April 2025 and were signed on its behalf by:





Mr A Wood - Director


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 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.

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 85 (2023 - 61 ) .

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 325,500 22,264 347,764
Additions - 11,319 11,319
At 31 October 2024 325,500 33,583 359,083
AMORTISATION
At 1 November 2023 279,989 5,873 285,862
Amortisation for year 11,000 5,396 16,396
At 31 October 2024 290,989 11,269 302,258
NET BOOK VALUE
At 31 October 2024 34,511 22,314 56,825
At 31 October 2023 45,511 16,391 61,902

6. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2023 - 46,188 136,977 464,690 647,855
Additions 22,510 2,707 67,870 420,262 513,349
Disposals - - - (22,167 ) (22,167 )
At 31 October 2024 22,510 48,895 204,847 862,785 1,139,037
DEPRECIATION
At 1 November 2023 - 42,362 102,589 243,241 388,192
Charge for year 2,311 4,061 27,665 92,131 126,168
Eliminated on disposal - - - (18,330 ) (18,330 )
At 31 October 2024 2,311 46,423 130,254 317,042 496,030
NET BOOK VALUE
At 31 October 2024 20,199 2,472 74,593 545,743 643,007
At 31 October 2023 - 3,826 34,388 221,449 259,663

7. STOCKS
2024 2023
£    £   
Goods for resale 207,395 155,548

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 1,434,191 1,454,277
Amounts owed by group undertakings 1,133,833 903,881
Prepayments and accrued income 266,802 97,287
2,834,826 2,455,445

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 138,196
Trade creditors 710,133 331,259
Corporation tax 83,791 90,464
Social security and other taxes 321,015 249,953
Other creditors 15,016 14,740
Accruals and deferred income 1,231,548 831,502
2,361,503 1,656,114

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 97,503 96,737
Between one and five years 198,402 281,888
295,905 378,625

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft - 138,196

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 38,249
Accelerated capital allowances 81,228
Balance at 31 October 2024 119,477

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
102 A Ordinary 1 102 102
60 B Ordinary 1 60 60
18 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.

Sarah Flynn FCA (Senior Statutory Auditor)
for and on behalf of RFM Audit Services LLP, Statutory Auditor

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.