Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-302024-12-30true2023-12-31falseNo description of principal activity1616trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01149927 2023-12-31 2024-12-30 01149927 2022-12-31 2023-12-30 01149927 2024-12-30 01149927 2023-12-30 01149927 c:Director2 2023-12-31 2024-12-30 01149927 d:PlantMachinery 2023-12-31 2024-12-30 01149927 d:PlantMachinery 2024-12-30 01149927 d:PlantMachinery 2023-12-30 01149927 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-12-31 2024-12-30 01149927 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-12-31 2024-12-30 01149927 d:MotorVehicles 2023-12-31 2024-12-30 01149927 d:MotorVehicles 2024-12-30 01149927 d:MotorVehicles 2023-12-30 01149927 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-12-31 2024-12-30 01149927 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-31 2024-12-30 01149927 d:ComputerEquipment 2023-12-31 2024-12-30 01149927 d:ComputerEquipment 2024-12-30 01149927 d:ComputerEquipment 2023-12-30 01149927 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-12-31 2024-12-30 01149927 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2023-12-31 2024-12-30 01149927 d:OwnedOrFreeholdAssets 2023-12-31 2024-12-30 01149927 d:LeasedAssetsHeldAsLessee 2023-12-31 2024-12-30 01149927 d:CurrentFinancialInstruments 2024-12-30 01149927 d:CurrentFinancialInstruments 2023-12-30 01149927 d:Non-currentFinancialInstruments 2024-12-30 01149927 d:Non-currentFinancialInstruments 2023-12-30 01149927 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-30 01149927 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-30 01149927 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-30 01149927 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-30 01149927 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-30 01149927 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-30 01149927 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-30 01149927 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-30 01149927 d:ShareCapital 2024-12-30 01149927 d:ShareCapital 2023-12-30 01149927 d:RetainedEarningsAccumulatedLosses 2024-12-30 01149927 d:RetainedEarningsAccumulatedLosses 2023-12-30 01149927 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-12-30 01149927 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-30 01149927 c:FRS102 2023-12-31 2024-12-30 01149927 c:AuditExempt-NoAccountantsReport 2023-12-31 2024-12-30 01149927 c:FullAccounts 2023-12-31 2024-12-30 01149927 c:PrivateLimitedCompanyLtd 2023-12-31 2024-12-30 01149927 d:HirePurchaseContracts d:WithinOneYear 2024-12-30 01149927 d:HirePurchaseContracts d:WithinOneYear 2023-12-30 01149927 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-12-30 01149927 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-30 01149927 2 2023-12-31 2024-12-30 01149927 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2024-12-30 01149927 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-12-30 01149927 d:LeasedAssetsHeldAsLessee 2024-12-30 01149927 d:LeasedAssetsHeldAsLessee 2023-12-30 01149927 e:PoundSterling 2023-12-31 2024-12-30 iso4217:GBP xbrli:pure

Registered number:  01149927














ABM FIRE AND SECURITY SYSTEMS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2024


 
ABM FIRE AND SECURITY SYSTEMS LIMITED
REGISTERED NUMBER: 01149927

BALANCE SHEET
AS AT 30 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
16,856
17,921

  
16,856
17,921

Current assets
  

Stocks
  
8,404
11,979

Debtors: amounts falling due within one year
 5 
559,644
603,237

Cash at bank and in hand
 6 
269,711
222,052

  
837,759
837,268

Creditors: amounts falling due within one year
 7 
(317,758)
(362,472)

Net current assets
  
 
 
520,001
 
 
474,796

Total assets less current liabilities
  
536,857
492,717

Creditors: amounts falling due after more than one year
 8 
(4,167)
(15,843)

Provisions for liabilities
  

Deferred tax
  
(3,882)
(4,075)

  
 
 
(3,882)
 
 
(4,075)

Net assets
  
528,808
472,799


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
528,708
472,699

  
528,808
472,799


Page 1

 
ABM FIRE AND SECURITY SYSTEMS LIMITED
REGISTERED NUMBER: 01149927
    
BALANCE SHEET (CONTINUED)
AS AT 30 DECEMBER 2024

The director considers 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 director acknowledges his 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 20 August 2025.




J G Jamieson
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
ABM FIRE AND SECURITY SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2024

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England and Wales (no. 01149927). The address of the registered office is Masters House, 6b Vesty Business Park, Vesty Road, Bootle, Merseyside, L30 1NY.
These financial statements present information about the company as an individual undertaking. It is a subsidiary of ABM Security Holdings Limited. The principal activity of the company is that of installation and maintenance of security systems.

2.Accounting policies

 
2.1

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 following principal accounting policies have been applied:

 
2.2

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.

Page 3

 
ABM FIRE AND SECURITY SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Interest income

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

 
2.6

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.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
ABM FIRE AND SECURITY SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

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 balance sheet 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 balance sheet 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 balance sheet date.


 
2.10

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 & machinery
-
20% & 33% on reducing balance
Computer equipment
-
33% on 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.

Page 5

 
ABM FIRE AND SECURITY SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2024

2.Accounting policies (continued)

 
2.11

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 balance sheet 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.

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

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.

 
2.16

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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 trade and other debtors, cash and bank balances, are initially
Page 6

 
ABM FIRE AND SECURITY SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2024

2.Accounting policies (continued)


2.16
Financial instruments (continued)

measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. 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. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic 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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

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

Page 7

 
ABM FIRE AND SECURITY SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2024

2.Accounting policies (continued)


2.16
Financial instruments (continued)

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

 
2.17

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2023 - 16).


4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Computer equipment
Total

£
£
£
£



Cost or valuation


At 31 December 2023
25,337
-
103,804
129,141


Additions
-
15,907
3,642
19,549


Disposals
-
(15,907)
-
(15,907)



At 30 December 2024

25,337
-
107,446
132,783



Depreciation


At 31 December 2023
22,573
-
88,648
111,221


Charge for the year on owned assets
553
-
2,266
2,819


Charge for the year on financed assets
-
-
1,887
1,887



At 30 December 2024

23,126
-
92,801
115,927



Net book value



At 30 December 2024
2,211
-
14,645
16,856



At 30 December 2023
2,764
-
15,157
17,921

Page 8

 
ABM FIRE AND SECURITY SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2024

           4.Tangible fixed assets (continued)

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


2024
2023
£
£



Computer equipment
7,547
9,433

7,547
9,433


5.


Debtors

2024
2023
£
£


Trade debtors
170,202
187,821

Amounts owed by group undertakings
375,769
405,769

Prepayments and accrued income
13,673
9,647

559,644
603,237



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
269,711
222,052

269,711
222,052


Page 9

 
ABM FIRE AND SECURITY SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
121,895
148,069

Corporation tax
69,684
64,650

Other taxation and social security
29,184
51,923

Obligations under finance lease and hire purchase contracts
1,676
4,020

Other creditors
2,670
3,358

Accruals and deferred income
82,649
80,452

317,758
362,472



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
4,167
14,167

Net obligations under finance leases and hire purchase contracts
-
1,676

4,167
15,843


The following liabilities were secured:

2024
2023
£
£



Net obligations under finance leases and hire purchase contracts
1,676
5,696

1,676
5,696

Details of security provided:

Net obligations under finance leases and hire purchase contracts are secured on the assets concerned.

Page 10

 
ABM FIRE AND SECURITY SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
4,167
10,000

Amounts falling due 2-5 years

Bank loans
-
4,167


14,167
24,167



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
2,131
5,113

Between 1-5 years
-
2,131

2,131
7,244


11.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
269,711
222,052




Financial assets measured at fair value through profit or loss comprises of cash at bank and in hand.

Page 11

 
ABM FIRE AND SECURITY SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2024

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 £18,290 (2023 £19,143). 
Contributions totalling £2,670 (2023 £3,358) were payable to the fund at the reporting date and are included in creditors.


13.


Related party transactions


2024
2023
£
£

Amount due from parent company
164,505
314,505
Amount due from ultimate parent undertaking
211,264
91,264


14.


Controlling party

The company is a wholly owned subsidiary of ABM Security Holdings Limited, a company incorporated in England and Wales (no. 07942075). The address of its registered office is Masters House, 6b Vesty Business Park, Vesty Road, Bootle, L30 1NY.
The ultimate parent undertaking is Jamieson Holdings Limited. 
The ultimate controlling party is J G Jamieson, by virtue of his shareholding in the company's ultimate parent undertaking.

 
Page 12