Chris Lewis Fire & Security Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04387273 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

CHRIS LEWIS FIRE & SECURITY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C M S Lewis

L Lewis-Rippington

SECRETARY:

C M S Lewis

REGISTERED OFFICE:

Units 3 and 4

Isis Business Centre

Pony Road

Oxford

OX4 2RD

REGISTERED NUMBER:

04387273 (England and Wales)

ACCOUNTANTS:

Astral Accountancy Services Limited

Astral House

Granville Way

Bicester

Oxfordshire

OX26 4JT

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

29,143

45,458

Investments

6

100

29,243

45,558

CURRENT ASSETS

Stocks

144,108

155,085

Debtors

7

3,336,985

2,793,072

Cash at bank

517,593

293,680

3,998,686

3,241,837

CREDITORS

Amounts falling due within one year

8

2,267,454

1,519,385

NET CURRENT ASSETS

1,731,232

1,722,452

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,760,475

1,768,010

CREDITORS

Amounts falling due after more than one year

9

114,186

165,948

NET ASSETS

1,646,289

1,602,062

CAPITAL AND RESERVES

Called up share capital

11

1,000

Revaluation reserve

134,167

Retained earnings

1,511,122

1,466,895

SHAREHOLDERS' FUNDS

1,646,289

1,602,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 30 October 2025 and were signed on its behalf by:

C M S Lewis - Director

1.	STATUTORY INFORMATION

Chris Lewis Fire & Security Limited is a private company, limited by shares , 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 as modified by the revaluation of certain assets.

Significant judgements and estimates

The preparation of financial statements requires the use od certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised for the provision of services when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Goodwill

The company capitalises goodwill, being the excess of the fair value of purchase consideration over the fair value of the net assets of acquired businesses. Goodwill is amortised on a straight line basis over the period considered appropriate by the directors by reference to the estimated period in which future economic benefit will be derived.

Goodwill arising from the acquisition of Chris Lewis Security Services is being amortised evenly over ten years.

Development costs

Expenditure incurred in respect of development where the outcome is assessed as being reasonably certain regarding viability is capitalised and will be amortised against the revenue streams produced over the next 4 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold Property

-

10% on cost

Plant & Machinery

-

25% on cost

Fixtures & Fittings

-

10% on cost

Motor vehicles

-

25% on cost

Office Equipment

-

33% on cost

Depreciation has not been provided in respect of Leasehold Property since the estimated residual value is considered to be higher than the net book value at 31 August 2016.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks and long term contracts

Stocks comprise components for electronic security systems, fire detection systems and associated building management systems, and are stated at the lower of costs or estimated net realisable value.

On contracts, turnover and margins are recognised progressively in proportion to the stage of completion of the individual contracts measured on a cost incurred to total forecast cost basis such that income is recognised to the extent that a right to consideration has been obtained.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2024 - 37 ) .

4.	INTANGIBLE FIXED ASSETS

Development

Goodwill

costs

Totals

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

709,167

653,102

1,362,269

AMORTISATION

At 1 April 2024

and 31 March 2025

709,167

653,102

1,362,269

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

Cost or valuation at 31 March 2025 is represented by:

Other

intangible

Goodwill

assets

Totals

£

Valuation in 2010

134,167

653,102

787,269

Cost

575,000

-

575,000

709,167

653,102

1,362,269

5.	TANGIBLE FIXED ASSETS

Leasehold

Plant &

Fixtures

Property

Machinery

& Fittings

£

COST

At 1 April 2024

5,776

1,295

20,697

Additions

-

At 31 March 2025

5,776

1,295

20,697

DEPRECIATION

At 1 April 2024

4,553

1,295

15,986

Charge for year

-

1,457

At 31 March 2025

4,553

1,295

17,443

NET BOOK VALUE

At 31 March 2025

1,223

-

3,254

At 31 March 2024

1,223

-

4,711

Motor

Office

vehicles

Equipment

Totals

£

COST

At 1 April 2024

104,259

58,444

190,471

Additions

-

1,225

At 31 March 2025

104,259

59,669

191,696

DEPRECIATION

At 1 April 2024

67,560

55,619

145,013

Charge for year

13,121

2,962

17,540

At 31 March 2025

80,681

58,581

162,553

NET BOOK VALUE

At 31 March 2025

23,578

1,088

29,143

At 31 March 2024

36,699

2,825

45,458

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

95,394

DEPRECIATION

At 1 April 2024

58,695

Charge for year

13,121

At 31 March 2025

71,816

NET BOOK VALUE

At 31 March 2025

23,578

At 31 March 2024

36,699

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

At 31 March 2024

100

7.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Trade Debtors

1,021,269

718,806

Amounts recoverable on contract

76,447

244,140

Other Debtors

281,209

183,769

Director's current account

729,508

440,798

Prepayments & Accrued Income

120,900

97,907

2,229,333

1,685,420

Amounts falling due after more than one year:

Amounts owed by group undertakings

1,107,652

Aggregate amounts

3,336,985

2,793,072

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

151,962

118,753

Hire purchase contracts

7,245

8,747

Trade Creditors

793,307

728,369

Corporation Tax

339,572

255,557

Other Taxes & Social Security

40,984

116,216

VAT

216,399

115,347

Other Creditors

135,174

80,362

Accruals and deferred income

582,811

96,034

2,267,454

1,519,385

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank Loans

94,042

141,569

Hire purchase contracts

20,144

24,379

114,186

165,948

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

222,893

217,888

Hire purchase contracts

27,389

33,126

250,282

251,014

C M S Lewis has provided a guarantee supported by his personal assets in respect of the bank loans.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

900

Ordinary

£1

900

100

Ordinary 'A' Non-Voting

£1

100

1,000

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The director's loan owed by C M S Lewis amounted to £516,754 (2024: £335,798). There is no fixed settlement date. The director's loan owed by L Lewis-Rippington amounted to £157,500 (2024: £105,000).

C M S Lewis has also provided a guarantee supported by his personal assets in respect of a bank loan.