IRIS Accounts Production v25.1.0.734 07234035 Board of Directors 1.1.24 31.12.24 31.12.24 30/4/2025 0 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072340352023-12-31072340352024-12-31072340352024-01-012024-12-31072340352023-04-30072340352023-05-012023-12-31072340352023-12-3107234035ns15:EnglandWales2024-01-012024-12-3107234035ns14:PoundSterling2024-01-012024-12-3107234035ns10:Director12024-01-012024-12-3107234035ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3107234035ns10:SmallEntities2024-01-012024-12-3107234035ns10:Audited2024-01-012024-12-3107234035ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3107234035ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3107234035ns10:FullAccounts2024-01-012024-12-3107234035ns10:OrdinaryShareClass12024-01-012024-12-3107234035ns10:Director32024-01-012024-12-3107234035ns10:Director52024-01-012024-12-3107234035ns10:RegisteredOffice2024-01-012024-12-3107234035ns5:CurrentFinancialInstruments2024-12-3107234035ns5:CurrentFinancialInstruments2023-12-3107234035ns5:ShareCapital2024-12-3107234035ns5:ShareCapital2023-12-3107234035ns5:CapitalRedemptionReserve2024-12-3107234035ns5:CapitalRedemptionReserve2023-12-3107234035ns5:RetainedEarningsAccumulatedLosses2024-12-3107234035ns5:RetainedEarningsAccumulatedLosses2023-12-3107234035ns5:FurnitureFittings2024-01-012024-12-3107234035ns5:MotorVehicles2024-01-012024-12-3107234035ns5:FurnitureFittings2023-12-3107234035ns5:MotorVehicles2023-12-3107234035ns5:FurnitureFittings2024-12-3107234035ns5:MotorVehicles2024-12-3107234035ns5:FurnitureFittings2023-12-3107234035ns5:MotorVehicles2023-12-3107234035ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3107234035ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3107234035ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 07234035 (England and Wales)















PTI Security Systems Europe Limited

Financial Statements for the Year Ended 31 December 2024






PTI Security Systems Europe Limited (Registered number: 07234035)






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


PTI Security Systems Europe 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: 07234035 (England and Wales)





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

PTI Security Systems Europe Limited (Registered number: 07234035)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - 24,433

CURRENT ASSETS
Stocks - 87,839
Debtors 5 - 599,188
Cash at bank - 693,163
- 1,380,190
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

-

689,627
NET CURRENT ASSETS - 690,563
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

714,996

CAPITAL AND RESERVES
Called up share capital 7 100 100
Capital redemption reserve 25 25
Retained earnings (125 ) 714,871
SHAREHOLDERS' FUNDS - 714,996

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


PTI Security Systems Europe Limited (Registered number: 07234035)

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

1. STATUTORY INFORMATION

PTI Security Systems Europe 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. 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.

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 - 25% on cost
Motor vehicles - 25% on reducing balance

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.


PTI Security Systems Europe Limited (Registered number: 07234035)

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

2. 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.

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.

Going concern
We have assessed whether the going concern basis of preparation continues to be appropriate, based on whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. At the time of approving the financial statements the directors believe that all appropriate measures have been or will be taken to ensure that the company will be able to continue its operations for at least the next twelve months and thus conclude that the going concern basis remains appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 7 ).

PTI Security Systems Europe Limited (Registered number: 07234035)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2024 16,697 43,277 59,974
Disposals (16,697 ) (43,277 ) (59,974 )
At 31 December 2024 - - -
DEPRECIATION
At 1 January 2024 16,697 18,844 35,541
Eliminated on disposal (16,697 ) (18,844 ) (35,541 )
At 31 December 2024 - - -
NET BOOK VALUE
At 31 December 2024 - - -
At 31 December 2023 - 24,433 24,433

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 540,419
Other debtors - 58,769
- 599,188

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 319,022
Taxation and social security - 155,839
Other creditors - 214,766
- 689,627

7. CALLED UP SHARE CAPITAL

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

PTI Security Systems Europe Limited (Registered number: 07234035)

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

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

The Report of the Auditors was unqualified.

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

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Assa Abloy AB Sweden.

The immediate parent company is PTI Integrated Systems (UK) Ltd.