ID Integrated Security Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06713907

ID Integrated Security Limited

Filleted Financial Statements

31 August 2024

ID Integrated Security Limited

Financial Statements

Year ended 31 August 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

ID Integrated Security Limited

Statement of Financial Position

31 August 2024

	2024	2023
Note	£	£

Current assets

Debtors	5	1,052,763	393,415
Cash at bank and in hand		12,578	3,351
		------------	---------
		1,065,341	396,766

Creditors: amounts falling due within one year	6	758,134	138,954
		------------	---------
Net current assets		307,207	257,812
		---------	---------
Total assets less current liabilities		307,207	257,812
		---------	---------
Net assets		307,207	257,812
		---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	307,205	257,810
	---------	---------
Shareholders funds	307,207	257,812
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

These financial statements were approved by the board of directors and authorised for issue on 1 September 2025 , and are signed on behalf of the board by:

Mr M A H Kachingwe	Mr S R Wootton
Director	Director

Company registration number: 06713907

ID Integrated Security Limited

Notes to the Financial Statements

Year ended 31 August 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Sovereign Park, Cleveland Way, Hemel Hempstead Industrial Estate, Hemel Hempstead, HP2 7DA, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Borrowing costs

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

Going concern

The directors have considered going concern with particular reference to the amounts owed to the company by other group companies. The directors have received confirmation of support from the other companies in the group and the group has also received confirmation from the ultimate shareholder that they will continue to support the entity to meet it's liabilities as they fall due. The dirtectors have no reason to believe that this will not be received, if required, and continue to prepare the accounts on this basis.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Ilektra Limited as at 31st August 2024 which can be obtained from 27 New Dover Road, Canterbury, Kent, United Kingdom, CT1 3DN. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) Disclosures in respect of share-based payments have not been presented. (d) No disclosure has been given for the aggregate remuneration of key management personnel. These exemptions have been applied on the basis that Ilektra Limited includes equivalent disclosures for ID Intergrated Security Limited in it's consolidated financial statements prepared in accordance with UK GAAP.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2023: 1 ).

5. Debtors

	2024	2023
	£	£
Trade debtors	176,789	84,241
Amounts owed by group undertakings and undertakings in which the company has a participating interest	755,079	–
Other debtors	120,895	309,174
	------------	---------
	1,052,763	393,415
	------------	---------

Included in trade debtors is £176,789 (2023: £78,110) of book debts purchased by IGF Business Credit Ltd. The factor has full recourse on the company for unpaid debts.

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	64,018	78,111
Trade creditors	58,877	39,297
Amounts owed to group undertakings and undertakings in which the company has a participating interest	4,320	–
Social security and other taxes	81,789	8,856
Other creditors	549,130	12,690
	---------	---------
	758,134	138,954
	---------	---------

The company has a charge, both fixed and floating, as security against its liabilities. IGF Invoice Finance Limited (Charge number: 0671 3907 0001), a fixed charge over the property owned by ID Intergrated Security Ltd, all land vested in or charged to the owner including all Fixtures and Fittings and rents receivable, all plant & machinery including any associated warranties and maintenance contracts, all the goodwill of the owner's business, any uncalled capital, all stock, shares and other securities held by the owner or by a subsidiary of the owner all intellectual property, licenses, claims, insurance policies, proceeds of any insurance and any other legal rights. Charge number 06713907 0001 also contains a floating charge over all of the other property, assets and right of ID Intergrated Security Limited which are not subject to a fixed charge by any party. The balance due at the period end is £64,018 (2023: £78,111),of which £64,018 is due within one year.

7. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Not later than 1 year	98,500	70,000
Later than 1 year and not later than 5 years	124,628	157,500
	---------	---------
	223,128	227,500
	---------	---------

8. Contingencies

The company has a contingent liability of £2,583,479 relating to consolidated group debt to the group's factoring providers.

9. Summary audit opinion

The auditor's report dated 1 September 2025 was unqualified .

The senior statutory auditor was Richard Stewart FCA , for and on behalf of Burgess Hodgson Audit Limited .

10. Related party transactions

Related party transactions with group companies have not been disclosed as consolidated accounts are prepared by the parent entity.

11. Controlling party

The immediate parent of the company is Network Security and Alarms Limited. This company is registered at Unit 1, Sovereign Park, Cleveland Way, Hemel Hempstead Industrial Estate, Hemel Hemstead, England,HP2 7DA. The ultimate parent and controlling party, and the parent of both the largest and the smallest group for which consolidated accounts are available, is Ilektra Limited. This company is registered at Camburgh House, 27 New Dover Road, Canterbury, England,CT1 3DN.

12. Post balance sheet events

In November 2024, the group refinanced all of it's cashflow loan facilities, resulting in a simplified capital structure, with capacity to draw on additional funding to support future acquisitions.