Company registration number 09404589 (England and Wales)
INVUE SECURITY PRODUCTS UK LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
Tavistock House South
Tavistock Square
Rayner Essex LLP
London
Chartered Accountants
WC1H 9LG
INVUE SECURITY PRODUCTS UK LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
INVUE SECURITY PRODUCTS UK LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
607,477
497,996
Cash at bank and in hand
4,683
44,973
612,160
542,969
Creditors: amounts falling due within one year
5
(49,996)
(32,416)
Net current assets
562,164
510,553
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
562,064
510,453
Total equity
562,164
510,553

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 21 May 2025 and are signed on its behalf by:
Mr D Glenn
Director
Company registration number 09404589 (England and Wales)
INVUE SECURITY PRODUCTS UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Invue Security Products UK Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 27 Greville Street, London, England, EC1N 8SU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The true company is dependent upon continued support from the ultimate parent company, InVue Security Products Inc., who have provided written confirmation of their willingness to provide continued support to the company for the foreseeable future, defined as at least 12 months from the date of signing the InVue Security Products UK Limited financial statements for the period ended 31 December 2024. InVue Security Products Inc. has prepared group forecasts covering a period of at least 12 months from the date of approval of these financial statements. These forecasts indicate that the group has sufficient funding and resources available to it to enable the entity to meet its forecasted operating expenditure for at least 12 months from the date of the signing of these financial statements. Based on this support and forecasts, the directors consider it appropriate to prepare these financial statements on the going concern basis.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Turnover in respect of services provided to the immediate parent undertaking is calculated as attributable costs plus a mark up in accordance with an intercompany agreement between InVue Security Products UK Limited and the immediate parent company, InVue Security Products B.V.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

INVUE SECURITY PRODUCTS UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

INVUE SECURITY PRODUCTS UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.8
Retirement benefits

For defined contribution schemes the amount charged to profit or loss is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
3
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
17,204
8,130
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
604,413
491,075
Other debtors
3,064
6,921
607,477
497,996
INVUE SECURITY PRODUCTS UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
555
2,241
Corporation tax
17,204
8,130
Other creditors
32,237
22,045
49,996
32,416
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
7
Parent company

InVue Security Products B.V. (Registered office: Zuidtoren, Taurusavenue 13a, 2132 LS Hoofddorp), a company incorporated in the Netherlands, is the immediate parent company and the smallest group to prepare consolidated financial statements which include the company.

8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Lucy Kate Ghawss FCA
Statutory Auditor:
Rayner Essex LLP
Date of audit report:
21 May 2025
2024-12-31 2024-01-01 false false false 21 May 2025 CCH Software CCH Accounts Production 2025.100 No description of principal activity Mr J Sankey Ms S Bergstroem Mr D Glenn Mr K Trent Canute Secretaries Limited 09404589 2024-01-01 2024-12-31 09404589 2024-12-31 09404589 2023-12-31 09404589 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 09404589 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09404589 core:CurrentFinancialInstruments 2024-12-31 09404589 core:CurrentFinancialInstruments 2023-12-31 09404589 core:ShareCapital 2024-12-31 09404589 core:ShareCapital 2023-12-31 09404589 core:RetainedEarningsAccumulatedLosses 2024-12-31 09404589 core:RetainedEarningsAccumulatedLosses 2023-12-31 09404589 core:ShareCapitalOrdinaryShareClass1 2024-12-31 09404589 core:ShareCapitalOrdinaryShareClass1 2023-12-31 09404589 bus:Director3 2024-01-01 2024-12-31 09404589 2023-01-01 2023-12-31 09404589 core:UKTax 2024-01-01 2024-12-31 09404589 core:UKTax 2023-01-01 2023-12-31 09404589 core:WithinOneYear 2024-12-31 09404589 core:WithinOneYear 2023-12-31 09404589 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 09404589 bus:OrdinaryShareClass1 2024-12-31 09404589 bus:OrdinaryShareClass1 2023-12-31 09404589 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09404589 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09404589 bus:FRS102 2024-01-01 2024-12-31 09404589 bus:Audited 2024-01-01 2024-12-31 09404589 bus:Director1 2024-01-01 2024-12-31 09404589 bus:Director2 2024-01-01 2024-12-31 09404589 bus:Director4 2024-01-01 2024-12-31 09404589 bus:CompanySecretary1 2024-01-01 2024-12-31 09404589 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP