Company registration number 01933481 (England and Wales)
CONSTANT SECURITY SERVICES LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
CONSTANT SECURITY SERVICES LIMITED
COMPANY INFORMATION
Directors
Mr M Lee
Mrs C Lee
Mr A Lee
Mrs S Hill
Secretary
Mrs C Lee
Company number
01933481
Registered office
Constant House
Cliff Street
Mexborough
South Yorkshire
S64 9HU
Auditor
Nuvo Audit Limited
First Floor, Sterling House
Outrams Wharf
Little Eaton
Derbyshire
DE21 5EL
Business address
Constant House
Cliff Street
Mexborough
South Yorkshire
S64 9HU
Bankers
HSBC Bank
CONSTANT SECURITY SERVICES LIMITED
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3
Directors' responsibilities statement
4
Independent auditor's report
5 - 6
Profit and loss account
7
Statement of comprehensive income
8
Balance sheet
9
Statement of changes in equity
10
Statement of cash flows
11
Notes to the financial statements
12 - 24
CONSTANT SECURITY SERVICES LIMITED
STRATEGIC REPORT
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 1 -

The directors present the strategic report for the Period ended 31 December 2024.

Review of the business

The directors are pleased to announce another strong financial period for the company with turnover increasing again on the previous period, generating excellent profitability, but this is comparing a current 17 month period with the comparatives being a 12 month period. Cash flow has also been solid all the period and remains a key priority for our business as we go into 2025.

 

It has also been a strong period in terms of performance, strategic achievements and particularly in terms of internal investment and capital for technological innovation in the business.

 

Our profitability as a business has enabled us to complete several major projects including major structural changes and alterations at Head Office to provide our colleagues with improved facilities and a better environment, whilst also improving our environmental performance. We have also continued to invest strongly in training to ensure our colleagues have access to the best programmes in the industry and to ensure all employees can achieve their full potential. Our training platform includes specific security and customer service programmes and a growing number of personal development and wellbeing modules.

 

Several new management, supervisory, training and support colleagues have been appointed who are geographically spread to enhance our support for our dispersed workforce and provide local employment and opportunities. Local knowledge is also incredibly important to us in our growth areas, and this provides a platform for future development and further progression opportunities.

 

This period has seen continued disciplined pricing in guarding and response service, and we have continued to protect a positive and professional price and wage balance in a highly inflationary and volatile environment.

 

One of our main strengths as a business is our partnership and collaborative approach with our customers and we continually remain agile to immediately adapt our service offering to match evolving requirements, even if these come at little or no notice.

 

This financial period also saw us take major steps in terms of our social value, environmental, sustainability and wellbeing agenda as a business and significant investments were made in all areas.

 

During this period, we have met or exceeded all our strategic targets as a business as identified during Management Review. We have maintained financial profitability and exceeded our growth targets, continued to provide a highly bespoke and innovative service to our customers and consequently retain clients, we have been able to maintain effective and motivated staff and reduce staff turnover and we have maintained our standing as a highly respected operator through active involvement with several significant external groups and committees.

 

 

We approach the coming financial year with confidence and enthusiasm, and we consider the strategic and wide-ranging investments we have made in infrastructure, technology, and training to be paramount to continued growth.

 

 

 

 

 

 

 

CONSTANT SECURITY SERVICES LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 2 -
Principal risks and uncertainties

The economic environment remains uncertain with significant increases again to the Real Living Wage and National Minimum Wage. However, we are continuously working with all clients to ensure our cost-effectiveness and innovation to ensure we are prepared to manage any challenging times to come.

 

As always, the security market remains volatile and there is evidence of companies cutting back on training, quality of services, and profitability in order to maintain market share. This scenario can always create both risks and opportunities.

 

The most significant risk we will continue to face for the foreseeable future is the difficulty of recruiting suitable good quality staff.

 

 

Key performance indicators

Results for the financial 17 month period have increased from the previous 12 month period, with key figures below.

 

Turnover has increased by 68%, from £18,484,077 to £31,054,969.

 

Gross profit has increased from that of the previous year, from £3,198,268 to £4,807,833 with the percentage decreasing from 17.30% to 15.48%.

 

Net Profit before tax has increased from £339,660 to £580,651.

 

Shareholders funds have increased from £2,009,761 to £2,152,955.

By order of the board

Mrs C Lee
Secretary
13 August 2025
CONSTANT SECURITY SERVICES LIMITED
DIRECTORS' REPORT
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 3 -

The directors present their report and financial statements for the Period ended 31 December 2024.

Principal activities

The principal activity of the company continued to be that of security services.

 

Directors

The directors who held office during the Period and up to the date of signature of the financial statements were as follows:

Mr M Lee
Mrs C Lee
Mr A Lee
Mrs S Hill
Results and dividends

The results for the year are set out on page 20.

 

Ordinary dividends were paid amounting to £283,375. The directors do not recommend payment of a final dividend.

Disabled persons

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the company continues and that the appropriate training is arranged. It is the policy of the company that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

Employee involvement
The company's policy is to consult and discuss with employees, through unions, focus groups and at meetings, matters likely to affect employees' interests and the companys mission and values.

Information of matters of concern to employees is given through news letters and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the company's performance.

There is no employee share scheme at present, but the directors are considering the introduction of such a scheme as a means of further encouraging the involvement of employees in the company's performance.
Future developments

This year has seen continued investment in technology to bring efficiencies to all key processes within the company for the coming years.

Constant Security Services limited has and will continue to prioritise the development of middle management both to improve the overall service, delivery and performance but also to provide for growth within the company.

Over the year there has been significant development of the Quality Management System which continues to drive the performance of the services to be provided in the future.

Auditor

Nuvo Audit Limited were appointed auditor to the company and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

Statement of disclosure to auditor
So far as the directors are aware, there is no relevant audit information (as defined by section 418 of the Companies Act 2006) of which the company's auditor are unaware. Additionally, the directors have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company's auditors are aware of that information.
By order of the board
Mrs C Lee
Secretary
13 August 2025
CONSTANT SECURITY SERVICES LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 4 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

CONSTANT SECURITY SERVICES LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF CONSTANT SECURITY SERVICES LIMITED
- 5 -
Opinion

We have audited the financial statements of Constant Security Services Limited (the 'company') for the Period ended 31 December 2024 which comprise the profit and loss account, the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

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 opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

CONSTANT SECURITY SERVICES LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF CONSTANT SECURITY SERVICES LIMITED
- 6 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report.

 

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

 

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. - Discussions held with management and those charged with governance around any legal claim.

- Audit work performed over key risks areas identified such as management override and reviewing accounting estimates for bias.

- Review of financial statements disclosures to ensure accounting policies have been correctly followed.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

 

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Senior statutory auditor
Mr Daniel Johnson FCCA
for and on behalf of Nuvo Audit Limited, Statutory Auditor
13 August 2025
Nuvo Audit Limited
First Floor, Sterling House
Outrams Wharf
Little Eaton
Derbyshire
DE21 5EL
CONSTANT SECURITY SERVICES LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 7 -
Period
Year
ended
ended
31 December
31 July
2024
2023
Notes
£
£
Turnover
3
31,054,969
18,484,077
Cost of sales
(26,247,136)
(15,285,809)
Gross profit
4,807,833
3,198,268
Administrative expenses
(4,257,477)
(2,847,501)
Operating profit
4
550,356
350,767
Interest receivable and similar income
8
53,925
13,935
Interest payable and similar expenses
9
(36,130)
(25,042)
Profit before taxation
568,151
339,660
Tax on profit
10
(150,957)
(66,605)
Profit for the financial Period
417,194
273,055

The profit and loss account has been prepared on the basis that all operations are continuing operations.

CONSTANT SECURITY SERVICES LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 8 -
Period
Year
ended
ended
31 December
31 July
2024
2023
£
£
Profit for the Period
417,194
273,055
Other comprehensive income
-
-
Total comprehensive income for the Period
417,194
273,055
CONSTANT SECURITY SERVICES LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 9 -
31 December 2024
31 July 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
12
18,011
62,613
Current assets
Stocks
14
8,000
8,000
Debtors
15
4,384,751
4,236,075
Cash at bank and in hand
1,507,815
1,122,197
5,900,566
5,366,272
Creditors: amounts falling due within one year
16
(3,770,494)
(3,407,524)
Net current assets
2,130,072
1,958,748
Total assets less current liabilities
2,148,083
2,021,361
Provisions for liabilities
Deferred tax liability
18
4,503
11,600
(4,503)
(11,600)
Net assets
2,143,580
2,009,761
Capital and reserves
Called up share capital
20
25,110
25,110
Profit and loss reserves
2,118,470
1,984,651
Total equity
2,143,580
2,009,761
The financial statements were approved by the board of directors and authorised for issue on 13 August 2025 and are signed on its behalf by:
Mr M Lee
Mrs C Lee
Director
Director
Company registration number 01933481 (England and Wales)
CONSTANT SECURITY SERVICES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 10 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 August 2022
25,110
1,912,596
1,937,706
Year ended 31 July 2023:
Profit and total comprehensive income
-
273,055
273,055
Dividends
11
-
(201,000)
(201,000)
Balance at 31 July 2023
25,110
1,984,651
2,009,761
Period ended 31 December 2024:
Profit and total comprehensive income
-
417,194
417,194
Dividends
11
-
(283,375)
(283,375)
Balance at 31 December 2024
25,110
2,118,470
2,143,580
CONSTANT SECURITY SERVICES LIMITED
STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 11 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
24
739,436
432,917
Income taxes paid
(77,515)
(72,917)
Net cash inflow from operating activities
661,921
360,000
Investing activities
Proceeds from disposal of tangible fixed assets
10,529
9,884
Interest received
53,925
13,935
Net cash generated from investing activities
64,454
23,819
Financing activities
Payment of finance leases obligations
(21,252)
(38,870)
Interest paid
(36,130)
(25,042)
Dividends paid
(283,375)
(201,000)
Net cash used in financing activities
(340,757)
(264,912)
Net increase in cash and cash equivalents
385,618
118,907
Cash and cash equivalents at beginning of Period
1,122,197
1,003,290
Cash and cash equivalents at end of Period
1,507,815
1,122,197
CONSTANT SECURITY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 12 -
1
Accounting policies
Company information

Constant Security Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Constant House, Cliff Street, Mexborough, South Yorkshire, S64 9HU.

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.

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

The financial statements have been prepared under the historical cost convention.

1.2
Going concern

Atruet 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. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Reporting period

The companies financial statements are presented for a period longer than one year, to bring the financial statements in line with the calendar year, therefore the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

1.4
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. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

CONSTANT SECURITY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 13 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
Straight line over 5 years
Plant and machinery
15% Reducing balance
Fixtures, fittings & equipment
15% Reducing balance
Motor vehicles
25% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
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.

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.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

CONSTANT SECURITY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 14 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

 

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

 

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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 payments 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.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

 

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

CONSTANT SECURITY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 15 -
Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.9
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.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.10
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.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

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

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

The company operates a defined contribution scheme for the benefit of its staff and directors. Contributions payable are charged to the profit and loss account in the year they are payable.

CONSTANT SECURITY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 16 -
1.13
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.14

Grants

 

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

 

In the opinion of the directors there are no judgements and key sources of estimation uncertainty.

CONSTANT SECURITY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 17 -
3
Turnover and other revenue

An analysis of the company's turnover is as follows:

2024
2023
£
£
Turnover analysed by class of business
Sales - chargeable hours
27,429,257
16,047,887
Sales - events
1,740,144
1,279,820
Sales - patrols
465,402
333,117
Sales - key holding
239,563
162,799
Sales - alarm activations
122,372
73,330
Sales - other
538,700
328,008
Sales - contracted outwork
301,095
106,512
Sales - cctv monitoring
218,436
152,604
31,054,969
18,484,077
2024
2023
£
£
Turnover analysed by geographical market
United Kingdom
31,054,969
18,484,077
2024
2023
£
£
Other revenue
Interest income
53,925
13,935
4
Operating profit
2024
2023
Operating profit for the period is stated after charging:
£
£
Depreciation of owned tangible fixed assets
17,837
24,716
Loss on disposal of tangible fixed assets
16,236
5,886
Bad and doubtful debts
11,576
3,450
Operating lease charges
386,938
221,798
5
Auditor's remuneration
2024
2023
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
12,500
3,975
CONSTANT SECURITY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 18 -
6
Employees and staff costs

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

2024
2023
Number
Number
Static and patrol guards
760
760
Administration staff
50
48
Total
810
808

Their aggregate remuneration comprised:

2024
2023
£
£
Wages and salaries
24,606,968
14,500,125
Social security costs
2,053,655
1,155,475
Pension costs
712,087
514,567
27,372,710
16,170,167
7
Directors' remuneration
2024
2023
£
£
Remuneration for qualifying services
65,167
45,956
Company pension contributions to defined contribution schemes
246,000
240,000
311,167
285,956

The number of directors for whom retirement benefits are accruing under money purchase pension schemes amounted to 4 (2023 - 4).

8
Interest receivable and similar income
2024
2023
£
£
Interest income
Interest on bank deposits
51,225
-
0
Other interest income
2,700
13,935
Total income
53,925
13,935
CONSTANT SECURITY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
8
Interest receivable and similar income
(Continued)
- 19 -
2024
2023
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
51,225
-
0
9
Interest payable and similar expenses
2024
2023
£
£
Interest on financial liabilities measured at amortised cost:
Interest on invoice finance arrangements
33,862
21,003
Other finance costs:
Interest on finance leases and hire purchase contracts
2,268
4,039
36,130
25,042
10
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
151,546
71,007
Adjustments in respect of prior periods
6,508
-
0
Total current tax
158,054
71,007
Deferred tax
Origination and reversal of timing differences
(7,097)
(4,402)
Total tax charge
150,957
66,605
Tax rate
2024
2023
25%
21%
CONSTANT SECURITY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
10
Taxation
(Continued)
- 20 -

The actual charge for the Period can be reconciled to the expected charge for the Period based on the profit or loss and the standard rate of tax as follows:

2024
2023
£
£
Profit before taxation
568,151
339,660
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2023: 21.00%)
142,038
71,329
Effect of change in corporation tax rate
-
0
(9,178)
Depreciation on assets not qualifying for tax allowances
4,459
5,106
Under/(over) provided in prior years
6,508
-
0
Balancing charge
990
(652)
Other adjustments
(3,038)
-
0
Taxation charge for the period
150,957
66,605
11
Dividends
2024
2023
Total
Total
£
£
Interim paid
283,375
201,000
Total dividends
Interim paid
283,375
201,000
CONSTANT SECURITY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 21 -
12
Tangible fixed assets
Land and buildings Leasehold
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 August 2023
17,200
310,107
232,419
78,674
638,400
Disposals
-
0
-
0
-
0
(78,674)
(78,674)
At 31 December 2024
17,200
310,107
232,419
-
0
559,726
Depreciation and impairment
At 1 August 2023
17,200
307,134
212,790
38,663
575,787
Depreciation charged in the Period
-
0
604
3,987
13,246
17,837
Eliminated in respect of disposals
-
0
-
0
-
0
(51,909)
(51,909)
At 31 December 2024
17,200
307,738
216,777
-
0
541,715
Carrying amount
At 31 December 2024
-
0
2,369
15,642
-
0
18,011
At 31 July 2023
-
0
2,973
19,629
40,011
62,613

The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts.

2024
2023
£
£
Motor vehicles
-
0
40,011
13
Financial instruments
2024
2023
£
£
Financial assets
Financial assets measured at amortised cost
5,645,263
1,148,273
Financial liabilities
Financial liabilities measured at amortised cost
3,618,948
3,336,517

Financial assets measured at amortised cost through profit or loss comprise of cash at bank, trade debtors and other debtors.

 

Financial liabilities measured at amortised cost through profit or loss comprise of trade creditors, other taxation and social security, other creditors, accruals and obligations due under finance leases.

14
Stocks
2024
2023
£
£
Stock
8,000
8,000
CONSTANT SECURITY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 22 -
15
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
4,124,439
3,937,106
Other debtors
13,009
13,038
Prepayments and accrued income
247,303
285,931
4,384,751
4,236,075
16
Creditors: amounts falling due within one year
2024
2023
Notes
£
£
Obligations under finance leases
17
-
0
21,252
Trade creditors
211,850
184,440
Corporation tax
151,546
71,007
Other taxation and social security
1,364,502
1,361,775
Other creditors
1,258,346
1,039,165
Accruals and deferred income
784,250
729,885
3,770,494
3,407,524
17
Finance lease obligations
2024
2023
Future minimum lease payments due under finance leases:
£
£
Within one year
-
0
21,252

Finance lease payments represent rentals payable by the company for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 4 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

18
Deferred taxation

Deferred tax assets and liabilities are offset where the company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:

Liabilities
Liabilities
2024
2023
Balances:
£
£
Accelerated capital allowances
4,503
11,600
CONSTANT SECURITY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
18
Deferred taxation
(Continued)
- 23 -
2024
Movements in the Period:
£
Liability at 1 August 2023
11,600
Credit to profit or loss
(7,097)
Liability at 31 December 2024
4,503

The deferred tax liability set out above is expected to reverse within 12 months and relates to accelerated capital allowances that are expected to mature within the same period.

19
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
684,819
498,551

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

20
Share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
25,000
25,000
25,000
25,000
Ordinary B shares of £1 each
100
100
100
100
Ordinary C shares of £1 each
10
10
10
10
25,110
25,110
25,110
25,110
21
Operating lease commitments
Lessee

Amounts recognised in profit or loss as an expense during the period in respect of operating lease arrangements are as follows:

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2024
2023
£
£
Within one year
234,318
98,856
Between two and five years
135,103
126,178
369,421
225,034
CONSTANT SECURITY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 24 -
22
Related party transactions
Transactions with related parties

During the Period the company entered into the following transactions with related parties:

Rents paid
2024
2023
£
£
Entities with control, joint control or significant influence over the company
113,346
76,750

Constant Security Services Limited pay rents to AMSL Properties Ltd. Mr M Lee & Mrs C Lee are also directors of AMSL Properties Ltd.

 

The above transactions are made at arms length.

 

23
Ultimate controlling party

The company is controlled by the directors by virtue of their shareholdings and management roles. There is no single ultimate controlling party.

24
Cash generated from operations
2024
2023
£
£
Profit after taxation
417,194
273,055
Adjustments for:
Taxation charged
150,957
66,605
Finance costs
36,130
25,042
Investment income
(53,925)
(13,935)
Loss on disposal of tangible fixed assets
16,236
5,886
Depreciation and impairment of tangible fixed assets
17,837
24,716
Movements in working capital:
Increase in debtors
(148,676)
(213,662)
Increase in creditors
303,683
265,210
Cash generated from operations
739,436
432,917
25
Analysis of changes in net funds
1 August 2023
Cash flows
31 December 2024
£
£
£
Cash at bank and in hand
1,122,197
385,618
1,507,815
Obligations under finance leases
(21,252)
21,252
-
1,100,945
406,870
1,507,815
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