REGISTERED NUMBER: 02508504 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Security Systems And Alarms Inspection

Board

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M R Peretti

Mr G Tate

Mr P F P Phillips

SECRETARY:

Mr A Fidler

REGISTERED OFFICE:

7-9 Earsdon Road

West Monkseaton

Whitley Bay

Tyne and Wear

NE25 9SX

REGISTERED NUMBER:

02508504 (England and Wales)

AUDITORS:

Douglas Shaw Limited, Statutory Auditor

7 Brenkley Way

Blezard Business Park

Seaton Burn

Tyne and Wear

NE13 6DS

FIXED ASSETS

Tangible assets

4

572,518

573,620

CURRENT ASSETS

Debtors

5

139,831

109,765

Cash at bank and in hand

4,500,306

3,881,860

4,640,137

3,991,625

CREDITORS

Amounts falling due within one year

6

881,077

882,294

NET CURRENT ASSETS

3,759,060

3,109,331

TOTAL ASSETS LESS CURRENT LIABILITIES

4,331,578

3,682,951

PROVISIONS FOR LIABILITIES

7,734

9,574

NET ASSETS

4,323,844

3,673,377

RESERVES

Income and expenditure account

4,323,844

3,673,377

4,323,844

3,673,377

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2025 and were signed on its behalf by:

Mr G Tate - Director

1.	STATUTORY INFORMATION

Security Systems And Alarms Inspection Board is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors believe that the company is experiencing good levels of sales and profitability, and that it is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover consists of the invoiced value of goods and services supplied. It is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes and is recognised in the accounting period in which the goods and services were supplied.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures and fittings

-

33% and 20% on cost

Motor vehicles

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 54 (2023 - 50 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

703,057

364,904

-

1,067,961

Additions

-

11,242

25,000

36,242

At 31 December 2024

703,057

376,146

25,000

1,104,203

DEPRECIATION

At 1 January 2024

168,734

325,607

-

494,341

Charge for year

14,061

21,200

2,083

37,344

At 31 December 2024

182,795

346,807

2,083

531,685

NET BOOK VALUE

At 31 December 2024

520,262

29,339

22,917

572,518

At 31 December 2023

534,323

39,297

-

573,620

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

55,526

39,235

Other debtors

84,305

70,530

139,831

109,765

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

135,899

135,924

Tax

223,455

199,545

Social security and other taxes

204,331

198,354

Other creditors

317,392

348,471

881,077

882,294

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

164,068

109,493

Between one and five years

202,411

366,479

366,479

475,972

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Graham Douglas (Senior Statutory Auditor)

for and on behalf of Douglas Shaw Limited, Statutory Auditor

9.	ULTIMATE CONTROLLING PARTY

The company is limited by guarantee and ultimate control is with the members.