REGISTERED NUMBER: 08316710 (England and Wales)

BRIDGEGATE SECURITY (UK) LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2025

Page

Company Information

1

Strategic Report

2

to

3

Report of the Directors

4

Report of the Independent Auditors

5

to

8

Income Statement

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Notes to the Financial Statements

13

to

19

DIRECTORS:

D J Fullerton

T M Evans

REGISTERED OFFICE:

14 Mayflower House

Pontefract Road

Leeds

LS10 1TB

REGISTERED NUMBER:

08316710 (England and Wales)

AUDITORS:

Thomas Coombs Limited

Statutory Auditor

Chartered Accountants

3365 The Pentagon

Century Way

Thorpe Park

Leeds

West Yorkshire

LS15 8ZB

The directors present their strategic report for the year ended 28th February 2025.

REVIEW OF BUSINESS

Several key performance indicators are used as measures to ensure the company grows and remains financially strong to enable it to invest in the future.

12 months

14 months

12 months

1/3/2024 - 28/2/2025

1/1/2023 - 29/2/2024

1/1/22 - 31/12/2022

£

£

£

Turnover

7,972,757

12,372,226

13,458,352

Gross profit

1,589,146

2,299,443

2,562,064

Gross profit %

19.9%

18.6%

19%

Shareholder funds

30,719

149,388

943,626

The hospitality industry has been under pressure for several years due to the ongoing cost of living crisis, successive National minimum wage increases, general cost inflation, and changing consumer habits. As a result, the business has seen softening demand for security from venues and reduced security specifications. Nevertheless, Bridgegate Security's underlying revenue has proved relatively resilient. The primary driver for the reduction in annualised revenue was the withdrawal of revenue from a leading customer to satisfy their policy of reducing reliance on a single supplier for services. The year-on-year gross margin improvement is because of favourable customer mix changes and ongoing cost efficiencies and diligence. The business is well placed to capitalize on the investment made in corporate processes and governance over the last 12 months.

PRINCIPAL RISKS AND UNCERTAINTIES

The Director continually assesses the key risks that could impact on the successful execution of the company's strategy. The key business risks affecting the company are:

People

Our employees and workers are central to our operations and the company is reliant on its ability to recruit, develop and retain employees and workers. The company is committed to training and supporting employees and workers to reach their full potential and encourages employee involvement throughout the business to ensure that the workforce remain motivated and committed.

The company is also committed to treating all employees and workers fairly and to prohibit discrimination on the grounds of race, gender, religion, sexual orientation or ethnic origin.

Financial risks

The company's objective when managing capital is to safeguard the company's ability to continue as a going concern to provide returns for shareholders and benefits for other stakeholders. To maintain or adjust the capital structure, the company may adjust the amount of dividend.

The company monitors credit risks closely and considers that its current policy of credit checks meets its objectives of managing such exposure.

General

Other than factors outside the company's control, the directors are not aware of any significant risk, which may adversely impact on the company during the forthcoming financial year.

KEY PERFORMANCE INDICATORS

Revenue

The primary driver for the reduction in annualised revenue of c£2.6M was the withdrawal of approximately c£2.0M revenue from a leading customer to satisfy their policy of reducing reliance on a single supplier for services.

Margin

Gross margin was 19.9% in the period compared to 18.6% in the prior period. The improvement in gross profit is principally a result of the extraction of the aforementioned leading customer, which featured relatively low unit pricing. In addition, the business has benefitted from efficiencies of scale through its management as part of of a wider group of companies.

Cash management

The company manages it resources to ensure it can continue as a going concern whilst controlling costs and liquidity risk. The company benefits from invoice discounting facility which helps manage the working capital requirements in line with industry practices. The company maintains a rolling 18-month Cashflow forecast to ensure continuing adequacy of funding.

FUTURE DEVELOPMENTS

The Directors intend to continue strengthening the company's position within the security services sector by focusing on the following key areas:

- Leverage existing strengths: Continue to develop our late-night hospitality service offering and customer base since that's what we're famous for.

- Service Expansion: Broadening the range of security solutions offered to meet evolving client needs, including technology-driven services such as remote monitoring and integrated security systems.

- Market Growth: Targeting new geographic regions to diversify the client base and reduce reliance on existing markets.

- Operational Efficiency: Investing in staff training, digital tools, and process improvements to enhance service delivery and maintain compliance with industry standards.

- Sustainability and Compliance: Continuing to align operations with environmental and security industry regulatory requirements, ensuring long-term resilience and responsible business practices.

The Directors believe these initiatives will support sustainable growth and reinforce the company's reputation for reliability and innovation.

ON BEHALF OF THE BOARD:

D J Fullerton - Director

26th November 2025

The directors present their report with the financial statements of the company for the year ended 28th February 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of private security services and provision of door supervision and guarding security services.

DIVIDENDS

The total distribution of dividends for the period was £275,000 (2024: £1,369,749).

DIRECTORS

The directors shown below have held office during the whole of the period from 1st March 2024 to the date of this report.

D J Fullerton

T M Evans

FINANCIAL INSTRUMENTS

The company's financial statements comprise of advance receipts in respect of the ordinary activities of the company, cash and liquid resources and various other items such as trade debtors and trade creditors that also arise directly from its operations.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Thomas Coombs Limited, were appointed during the period and will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

D J Fullerton - Director

26th November 2025

Opinion

We have audited the financial statements of Bridgegate Security (UK) Limited (the 'company') for the year ended 28th February 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 28th February 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the entity and industries in which it operates, we identified the principal risks of non-compliance with laws and regulations related to security industry authority, employment law and data protection. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, tax legislation and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

We assessed the susceptibility of the company's financial statements to material misstatement and how fraud might occur, including through discussions with the directors, discussions within our audit team planning meeting, updating our record of internal controls, and ensuring these controls operated as intended. We determined the principal risks were related to posting journal entries to manipulate profits, and management bias in accounting estimates.

To address the risk of fraud through management bias and override of controls, we:

- Performed analytical procedures to identify any unusual or unexpected relationships.

- Identified and tested journal entries and identified any significant transactions that were unusual or outside the normal course of business.

- Investigated the rationale behind significant or unusual transactions.

- Challenged assumptions and judgements made by management in determining significant accounting estimates.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed audit procedures which included, but were not limited to:

- Agreeing financial statements disclosures to underlying supporting documentation.

- Discussions with management of known or suspected instances of non-compliance with laws and regulations.

- Reviewing relevant available correspondence.

At the completion stage of the audit, the engagement partner's review included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non-compliance with laws and regulations and fraud.

There are inherent limitations in the audit procedures described above and the further removed non-compliance of laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement relating to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Jordan Mitchell ACA (Senior Statutory Auditor)

for and on behalf of Thomas Coombs Limited

Statutory Auditor

Chartered Accountants

3365 The Pentagon

Century Way

Thorpe Park

Leeds

West Yorkshire

LS15 8ZB

26th November 2025

TURNOVER

3

7,972,757

12,372,226

Cost of sales

6,383,611

10,072,783

GROSS PROFIT

1,589,146

2,299,443

Administrative expenses

1,371,873

1,545,932

OPERATING PROFIT

5

217,273

753,511

Interest receivable and similar income

189

3,901

217,462

757,412

Interest payable and similar expenses

6

10,307

4,313

PROFIT BEFORE TAXATION

207,155

753,099

Tax on profit

7

50,824

177,588

PROFIT FOR THE FINANCIAL YEAR

156,331

575,511

PROFIT FOR THE YEAR

156,331

575,511

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

156,331

575,511

FIXED ASSETS

Tangible assets

9

13,052

9,194

CURRENT ASSETS

Debtors

10

1,027,540

826,825

Cash at bank and in hand

81,656

283,330

1,109,196

1,110,155

CREDITORS

Amounts falling due within one year

11

1,091,529

969,961

NET CURRENT ASSETS

17,667

140,194

TOTAL ASSETS LESS CURRENT LIABILITIES

30,719

149,388

CAPITAL AND RESERVES

Called up share capital

13

500

500

Retained earnings

14

30,219

148,888

SHAREHOLDERS' FUNDS

30,719

149,388

The financial statements were approved by the Board of Directors and authorised for issue on 26th November 2025 and were signed on its behalf by:

D J Fullerton - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st January 2023

500

943,126

943,626

Changes in equity

Dividends

-

(1,369,749

)

(1,369,749

)

Total comprehensive income

-

575,511

575,511

Balance at 29th February 2024

500

148,888

149,388

Changes in equity

Dividends

-

(275,000

)

(275,000

)

Total comprehensive income

-

156,331

156,331

Balance at 28th February 2025

500

30,219

30,719

1.	STATUTORY INFORMATION

Bridgegate Security (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The nature of the company's operations and principal activities is that of private security and providing door supervision and guarding security services throughout the United Kingdom.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Bridgegate Security UK Limited is a private company limited by shares incorporated in England.

The address of the registered office is given in the company information on page 1 of these financial statements. The nature of the company’s operations and principal activities are providing private security services and provision of door supervision and guarding security services.

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention.

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

Going concern

In accordance with accounting standards by adopting the going concern basis of accounting in preparing the annual financial statements the directors have considered a period of 12 months from the date of approval of the accounts.

Within those considerations the directors have noted the following:

- With strong levels of trading and a strong growth pipeline, the business is well placed to capitalize on the investments made and opportunities available.

- Cashflow forecasts which indicate a positive cash balance for at least the next 12 months.

Accordingly, at the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future, and therefore they continue to adopt the going concern basis of accounting in preparing the financial statements.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

In the application of the company's accounting policies, the directors are required to make estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant and so actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis and revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

In preparing these financial statements, the directors have considered the following key sources of estimation uncertainty:

Bad debt provision -

Where the company believes that unpaid debtors may result in a bad debt, provision is calculated. This calculation considers the payment history of the relevant customers and the ageing of the debt.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from securoty services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to delivery of service.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Computer equipment - 25% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

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.

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.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3.

TURNOVER

The turnover and profit before taxation are attributable to the principal activity of the company.

The company operates wholly within the United Kingdom.

4.	EMPLOYEES AND DIRECTORS

Period

1/1/23

Year Ended

to

28/2/25

29/2/24

£

£

Wages and salaries

874,325

875,302

Social security costs

83,257

63,308

Other pension costs

10,230

7,837

967,812

946,447

The average number of employees during the year was as follows:

Period

1/1/23

Year Ended

to

28/2/25

29/2/24

Employees

12

17

Directors

2

2

14

19

There were also 569 (2024: 538) average number of contractors engaged during the period. They are not included in the numbers above as they are not considered to be full-time employees of the company. Costs incurred in relation to such workers during the period totalled £6,273,147 (2024: £6,099,031).

Period

1/1/23

Year Ended

to

28/2/25

29/2/24

£

£

Directors' remuneration

175,000

167,238

Directors' pension contributions to money purchase schemes

1,321

1,046

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

1

1

5.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

Period

1/1/23

Year Ended

to

28/2/25

29/2/24

£

£

Depreciation - owned assets

3,739

2,940

Profit on disposal of fixed assets

-

(769

)

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

1/1/23

Year Ended

to

28/2/25

29/2/24

£

£

Interest payable

10,087

-

Invoice discounting charges

220

4,313

10,307

4,313

7.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

Period

1/1/23

Year Ended

to

28/2/25

29/2/24

£

£

Current tax:

UK corporation tax

50,824

177,588

Tax on profit

50,824

177,588

UK corporation tax has been charged at 25% (2024 - 25%).

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

Period

1/1/23

Year Ended

to

28/2/25

29/2/24

£

£

Profit before tax

207,155

753,099

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 23.710%)

51,789

178,560

Effects of:

Capital allowances in excess of depreciation

(965

)

(1,157

)

Tax effect on profit on disposal of assets

-

185

Total tax charge

50,824

177,588

8.

DIVIDENDS

Period

1/1/23

Year Ended

to

28/2/25

29/2/24

£

£

Interim

275,000

1,369,749

9.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st March 2024

16,854

Additions

7,597

At 28th February 2025

24,451

DEPRECIATION

At 1st March 2024

7,660

Charge for year

3,739

At 28th February 2025

11,399

NET BOOK VALUE

At 28th February 2025

13,052

At 29th February 2024

9,194

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

768,730

682,529

Amounts owed by group undertakings

2,298

-

Prepayments and accrued income

256,512

144,296

1,027,540

826,825

Included in trade debtors are debts of £745,380 (2024: £626,970) subject to an invoice discounting arrangement.

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

4,745

76,166

Amounts owed to group undertakings

306,971

208,347

Corporation Tax

228,219

177,395

Social security and other taxes

66,066

44,165

VAT

175,927

180,065

Other creditors

112,909

6,808

Accruals and deferred income

196,692

277,015

1,091,529

969,961

12.	SECURED DEBTS

Invoice financing liabilities are secured under a fixed and floating charge over the assets and undertakings of the company. As at the year end there are no such outstanding liabilities (2024: £Nil).

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

500

Ordinary

£1

500

500

14.

RESERVES

Retained

earnings

£

At 1st March 2024

148,888

Profit for the year

156,331

Dividends

(275,000

)

At 28th February 2025

30,219

15.	ULTIMATE PARENT COMPANY

The directors regard the immediate parent company as ESS Bidco Limited and the ultimate parent company as Effective Security Holdings Limited.