Registration number: 03174393

C.H. Wood Security (Bradford) Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

C.H. Wood Security (Bradford) Limited

(Registration number: 03174393)
Balance Sheet as at 31 January 2025

	Note	2025 £		2024 £
Fixed assets
Tangible assets	4		189,376		204,064
Investment property	5		225,887		225,887
			415,263		429,951
Current assets
Stocks		18,763		18,287
Debtors	6	247,531		214,663
Cash at bank and in hand		12,306		16,948
		278,600		249,898
Creditors: Amounts falling due within one year	7	(122,809)		(122,267)
Net current assets			155,791		127,631
Total assets less current liabilities			571,054		557,582
Creditors: Amounts falling due after more than one year	7		-		(6,123)
Provisions for liabilities			(29,200)		(32,200)
Net assets			541,854		519,259
Capital and reserves
Called up share capital	8	20,000		20,000
Revaluation reserve		96,423		98,394
Other reserves		120,044		120,044
Retained earnings		305,387		280,821
Shareholders' funds			541,854		519,259

C.H. Wood Security (Bradford) Limited

(Registration number: 03174393)
Balance Sheet as at 31 January 2025

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 August 2025 and signed on its behalf by:

......................................... N A Smith Director

C.H. Wood Security (Bradford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
221 Wakefield Road
Bradford
West Yorkshire
BD4 7PE

These financial statements were authorised for issue by the Board on 8 August 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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 disclosure and presentation requirements of Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentation currency is pound sterling.

Summary of disclosure exemptions

The company has taken advantage of the exemption under Financial Reporting Standard 102 Section 1AC.35 from disclosing transactions and balances with fellow group undertakings that are wholly owned.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the company retains no continuing involvement or control over the goods; the amount of revenue can be measured reliably and it is probable that future economic benefits will flow to the entity.

Tax

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

The current corporation 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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

C.H. Wood Security (Bradford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Where assets are held under the revaluation model and the fair value can be measured reliably they are carried at a revalued amount, being its fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting period.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Buildings	2% straight line basis
Plant and machinery	15% reducing balance basis
Motor vehicles	25% reducing balance basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. Valuations are based on observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

C.H. Wood Security (Bradford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, 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 for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

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 and any subsequent reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, 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 receipts discounted at a market rate of interest for a similar debt instrument.

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

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 9).

C.H. Wood Security (Bradford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4	Tangible assets

	Land and buildings £	Plant and machinery  £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2024	200,000	80,699	109,659	390,358
At 31 January 2025	200,000	80,699	109,659	390,358
Depreciation
At 1 February 2024	44,000	67,416	74,878	186,294
Charge for the year	4,000	1,993	8,695	14,688
At 31 January 2025	48,000	69,409	83,573	200,982
Carrying amount
At 31 January 2025	152,000	11,290	26,086	189,376
At 31 January 2024	156,000	13,283	34,781	204,064

Revaluation

The fair value of the company's land and buildings was revalued on 1 February 2014. An independent valuer was not involved.
The basis of the valuation was existing use.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £30,424 (2024 - £34,483).

5	Investment properties

	2025 £
At 1 February 2024	225,887
At 31 January 2025	225,887

6

Debtors

Current	2025 £	2024 £
Trade debtors	39,292	38,772
Amounts owed by related parties	194,693	162,862
Prepayments	13,546	13,029
	247,531	214,663

C.H. Wood Security (Bradford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Loans and borrowings	6,071	6,751
Trade creditors	22,118	27,099
Taxation and social security	51,223	26,725
Accruals and deferred income	5,178	9,966
Other creditors	38,219	51,726
	122,809	122,267

Creditors include obligations under hire purchase contracts which are secured of £6,071 (2024 £6,751).

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Loans and borrowings	-	6,123

Creditors include obligations under hire purchase contracts which are secured of £nil (2024 £6,123).

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	20,000	20,000	20,000	20,000

9	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £10,618 (2024 - £6,840).

C.H. Wood Security (Bradford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

10	Related party transactions

Expenditure with and payables to related parties

2025	Key management £
Amounts payable to related party	35,052

2024	Key management £
Amounts payable to related party	50,539

11	Parent and ultimate parent undertaking

The company's immediate parent is C. H. Wood Holdings Limited, incorporated in England & Wales.