Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31true2024-04-01falseNo description of principal activity98trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03045135 2024-04-01 2025-03-31 03045135 2023-04-01 2024-03-31 03045135 2025-03-31 03045135 2024-03-31 03045135 c:Director1 2024-04-01 2025-03-31 03045135 d:PlantMachinery 2024-04-01 2025-03-31 03045135 d:PlantMachinery 2025-03-31 03045135 d:PlantMachinery 2024-03-31 03045135 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03045135 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 03045135 d:MotorVehicles 2024-04-01 2025-03-31 03045135 d:MotorVehicles 2025-03-31 03045135 d:MotorVehicles 2024-03-31 03045135 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03045135 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 03045135 d:FurnitureFittings 2024-04-01 2025-03-31 03045135 d:FurnitureFittings 2025-03-31 03045135 d:FurnitureFittings 2024-03-31 03045135 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03045135 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 03045135 d:OfficeEquipment 2024-04-01 2025-03-31 03045135 d:OfficeEquipment 2025-03-31 03045135 d:OfficeEquipment 2024-03-31 03045135 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03045135 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 03045135 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03045135 d:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 03045135 d:Goodwill 2024-04-01 2025-03-31 03045135 d:Goodwill 2025-03-31 03045135 d:Goodwill 2024-03-31 03045135 d:CurrentFinancialInstruments 2025-03-31 03045135 d:CurrentFinancialInstruments 2024-03-31 03045135 d:Non-currentFinancialInstruments 2025-03-31 03045135 d:Non-currentFinancialInstruments 2024-03-31 03045135 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 03045135 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03045135 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 03045135 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 03045135 d:ShareCapital 2025-03-31 03045135 d:ShareCapital 2024-03-31 03045135 d:RetainedEarningsAccumulatedLosses 2025-03-31 03045135 d:RetainedEarningsAccumulatedLosses 2024-03-31 03045135 c:OrdinaryShareClass1 2024-04-01 2025-03-31 03045135 c:OrdinaryShareClass1 2025-03-31 03045135 c:OrdinaryShareClass1 2024-03-31 03045135 c:OrdinaryShareClass2 2024-04-01 2025-03-31 03045135 c:OrdinaryShareClass2 2025-03-31 03045135 c:OrdinaryShareClass3 2024-04-01 2025-03-31 03045135 c:OrdinaryShareClass3 2025-03-31 03045135 c:FRS102 2024-04-01 2025-03-31 03045135 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03045135 c:FullAccounts 2024-04-01 2025-03-31 03045135 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03045135 d:HirePurchaseContracts d:WithinOneYear 2025-03-31 03045135 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 03045135 d:HirePurchaseContracts d:MoreThanFiveYears 2025-03-31 03045135 d:HirePurchaseContracts d:MoreThanFiveYears 2024-03-31 03045135 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-03-31 03045135 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 03045135 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 03045135 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 03045135 2 2024-04-01 2025-03-31 03045135 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2025-03-31 03045135 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-03-31 03045135 d:LeasedAssetsHeldAsLessee 2025-03-31 03045135 d:LeasedAssetsHeldAsLessee 2024-03-31 03045135 d:Goodwill d:OwnedIntangibleAssets 2024-04-01 2025-03-31 03045135 e:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03045135










LEXICON FIRE SYSTEMS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
LEXICON FIRE SYSTEMS LIMITED
REGISTERED NUMBER: 03045135

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
26,000

Tangible assets
 5 
127,491
143,869

  
127,491
169,869

Current assets
  

Stocks
  
26,940
6,100

Debtors: amounts falling due within one year
 6 
211,814
202,859

Cash at bank and in hand
  
249,035
289,336

  
487,789
498,295

Creditors: amounts falling due within one year
 7 
(233,792)
(285,726)

Net current assets
  
 
 
253,997
 
 
212,569

Total assets less current liabilities
  
381,488
382,438

Creditors: amounts falling due after more than one year
 8 
(41,732)
(48,410)

Provisions for liabilities
  

Deferred tax
 10 
(27,113)
(27,872)

  
 
 
(27,113)
 
 
(27,872)

Net assets
  
312,643
306,156


Capital and reserves
  

Called up share capital 
 11 
1,000
1,000

Profit and loss account
  
311,643
305,156

  
312,643
306,156


Page 1

 
LEXICON FIRE SYSTEMS LIMITED
REGISTERED NUMBER: 03045135
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 July 2025.




K J Goggins
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
LEXICON FIRE SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 presentational currency of the Company is GBP.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
1.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
LEXICON FIRE SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.Accounting policies (continued)

 
1.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
1.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 4

 
LEXICON FIRE SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.Accounting policies (continued)

 
1.8

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
1.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
reducing balance
Motor vehicles
-
25%
reducing balance
Office equipment
-
33%
reducing balance
Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

 
LEXICON FIRE SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.Accounting policies (continued)

 
1.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
1.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


2.


General information

Lexicon Fire Systems Limited is a private company, limited by shares and incorporated in England.
Its registered number is: 03045135
The address of its registered office is: 
Invision House
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2024 -8).

Page 6

 
LEXICON FIRE SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2024
400,000



At 31 March 2025

400,000



Amortisation


At 1 April 2024
374,000


Charge for the year on owned assets
26,000



At 31 March 2025

400,000



Net book value



At 31 March 2025
-



At 31 March 2024
26,000



Page 7

 
LEXICON FIRE SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Tangible fixed assets





Plant & machinery
Motor vehicles
Fixtures & fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2024
1,424
269,315
4,053
28,634
303,426


Additions
-
36,536
162
709
37,407


Disposals
-
(14,800)
-
-
(14,800)



At 31 March 2025

1,424
291,051
4,215
29,343
326,033



Depreciation


At 1 April 2024
472
128,940
3,775
26,369
159,556


Charge for the year on owned assets
143
5,399
110
981
6,633


Charge for the year on financed assets
-
36,053
-
-
36,053


Disposals
-
(3,700)
-
-
(3,700)



At 31 March 2025

615
166,692
3,885
27,350
198,542



Net book value



At 31 March 2025
809
124,359
330
1,993
127,491



At 31 March 2024
952
140,375
278
2,264
143,869

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2025
2024
£
£



Motor vehicles
108,160
134,576

108,160
134,576

Page 8

 
LEXICON FIRE SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Debtors

2025
2024
£
£


Trade debtors
211,814
202,859

211,814
202,859



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
25,360
58,930

Corporation tax
30,391
34,648

Other taxation and social security
63,711
48,164

Obligations under finance lease and hire purchase contracts
26,897
30,434

Other creditors
84,133
110,325

Accruals and deferred income
3,300
3,225

233,792
285,726



8.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Net obligations under finance leases and hire purchase contracts
41,732
48,410

41,732
48,410



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2025
2024
£
£


Within one year
26,897
30,434

Between 1-2 years
21,321
23,066

Between 2- 5 years
20,410
25,345

68,628
78,845

Page 9

 
LEXICON FIRE SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

10.


Deferred taxation




2025


£






At beginning of year
(27,872)


Charged to profit or loss
759



At end of year
(27,113)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(27,113)
(27,872)

(27,113)
(27,872)


11.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



500 (2024 -500) A Ordinary shares of £1.00 each
500
500
400 B Ordinary shares of £1.00 each
400
500
100 (2024 -) C Ordinary shares of £1.00 each
100
-

1,000

1,000


During the year. the Company has converted 100 Ordinary B shares into 100 Ordinary C shares at £1 each.


12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £15,768 (2024 - £16,893).

 
Page 10