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REGISTERED NUMBER: 03185130 (England and Wales)















DS Security Group Limited

Financial Statements for the Year Ended 31 December 2024






DS Security Group Limited (Registered number: 03185130)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DS Security Group Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr D Shaw
Ms S M Bergström
Mr M I Whittaker





REGISTERED OFFICE: Unit 3
57 Windsor Avenue
Wimbledon
London
SW19 2RR





REGISTERED NUMBER: 03185130 (England and Wales)





AUDITORS: Swindells LLP
Chartered Accountants
and Statutory Auditor
Atlantic House
8 Bell Lane
Bellbrook Industrial Estate
Uckfield
East Sussex
TN22 1QL

DS Security Group Limited (Registered number: 03185130)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 48,176 45,172
48,176 45,172

CURRENT ASSETS
Stocks 381,421 127,562
Debtors 6 790,096 257,391
Investments 7 100 183,046
Cash at bank and in hand 1,029,154 490,531
2,200,771 1,058,530
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

8

810,586

225,911
NET CURRENT ASSETS 1,390,185 832,619
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,438,361

877,791

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

9

5,884

25,012
NET ASSETS 1,432,477 852,779

CAPITAL AND RESERVES
Called up share capital 10 90 90
Capital redemption reserve 10 10
Retained earnings 1,432,377 852,679
SHAREHOLDERS' FUNDS 1,432,477 852,779

DS Security Group Limited (Registered number: 03185130)

Balance Sheet - continued
31 December 2024


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 30 April 2025 and were signed on its behalf by:





Mr M I Whittaker - Director


DS Security Group Limited (Registered number: 03185130)

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

1. STATUTORY INFORMATION

DS Security Group 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 (£).


The company changed its accounting period in the prior year to align its year end date with its new parent company following its acquisition. Therefore the comparative figures are for a period of 8 months only.

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.

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, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in PTI Integrated Systems (UK) Limited, is being amortised evenly over is estimated useful life of three years.

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.

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 - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 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.


DS Security Group Limited (Registered number: 03185130)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 24 ) .

DS Security Group Limited (Registered number: 03185130)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024 458,772
Disposals (458,772 )
At 31 December 2024 -
AMORTISATION
At 1 January 2024 458,772
Eliminated on disposal (458,772 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 5,264 55,125 5,975 66,364
Additions 5,645 24,433 - 30,078
Disposals - (4,100 ) (2,683 ) (6,783 )
At 31 December 2024 10,909 75,458 3,292 89,659
DEPRECIATION
At 1 January 2024 5,264 10,042 5,886 21,192
Charge for year 847 24,259 89 25,195
Eliminated on disposal - (2,221 ) (2,683 ) (4,904 )
At 31 December 2024 6,111 32,080 3,292 41,483
NET BOOK VALUE
At 31 December 2024 4,798 43,378 - 48,176
At 31 December 2023 - 45,083 89 45,172

DS Security Group Limited (Registered number: 03185130)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 642,928 234,945
Other debtors 147,168 22,446
790,096 257,391

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 100 183,046

On 1 January 2024, the operations of PTI Security Systems Europe Limited were merged with that of DS Security Group Limited, with the trade and net assets being hived up into DS Security Group LImited. This resulted in the writing off of the £182,946 investment held in PTI Security Systems Europe Limited.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 17,656 17,656
Trade creditors 402,450 117,431
Amounts owed to group undertakings 1,175 -
Taxation and social security 78,407 54,084
Other creditors 310,898 36,740
810,586 225,911

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,884 25,012

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
90 Ordinary A £1 90 90

DS Security Group Limited (Registered number: 03185130)

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

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

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion
We did not observe the physical counting of stock as at 31 December 2023, as this was prior to our appointment as auditor. The value of stock of £127,562 was material to the financial statements and we were unable to satisfy ourselves by alternative means concerning the stock quantities held. Consequently we were unable to determine whether any adjustment to this valuation at 31 December 2023 was necessary, or whether there was any consequential effect on the cost of sales for the year ended 31 December 2024.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Joanna Green BSc FCA (Senior Statutory Auditor)
for and on behalf of Swindells LLP

12. OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £186,502 (2023: £nil) and are all in respect of operating leases.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Assa Abloy AB Sweden.

The immediate parent company is Assa Abloy Global Solutions UK Ltd.