REGISTERED NUMBER: 02039243 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Security Wise Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

495,080

417,333

495,080

417,333

CURRENT ASSETS

Stocks

6

36,063

35,808

Debtors

7

467,895

342,557

Cash at bank and in hand

1,335,444

1,405,819

1,839,402

1,784,184

CREDITORS

Amounts falling due within one year

8

888,878

586,853

NET CURRENT ASSETS

950,524

1,197,331

TOTAL ASSETS LESS CURRENT LIABILITIES

1,445,604

1,614,664

PROVISIONS FOR LIABILITIES

68,070

52,185

NET ASSETS

1,377,534

1,562,479

CAPITAL AND RESERVES

Called up share capital

4,890

4,890

Other reserves

210

210

Retained earnings

1,372,434

1,557,379

SHAREHOLDERS' FUNDS

1,377,534

1,562,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2025 and were signed on its behalf by:

Mr A McLaughlin - Director

1.	STATUTORY INFORMATION

Security Wise Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02039243

Registered office:

Marches House

March Way

Battlefield Enterprise Park

Shewsbury

Shropshire

SY1 3JE

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

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.

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 as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Goodwill

Goodwill has been fully amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Improvements to property

-

NIL % per annum

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

204,143

AMORTISATION

At 1 May 2024

and 30 April 2025

204,143

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 May 2024

186,659

49,160

152,691

395,954

784,464

Additions

28,839

24,051

2,564

121,730

177,184

Disposals

-

-

-

(50,335

)

(50,335

)

At 30 April 2025

215,498

73,211

155,255

467,349

911,313

DEPRECIATION

At 1 May 2024

-

42,889

127,792

196,450

367,131

Charge for year

-

4,548

4,119

76,823

85,490

Eliminated on disposal

-

-

-

(36,388

)

(36,388

)

At 30 April 2025

-

47,437

131,911

236,885

416,233

NET BOOK VALUE

At 30 April 2025

215,498

25,774

23,344

230,464

495,080

At 30 April 2024

186,659

6,271

24,899

199,504

417,333

6.

STOCKS

2025

2024

£

£

Stocks

36,063

35,808

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

403,946

282,667

Other debtors

63,949

59,890

467,895

342,557

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

106,621

112,858

Taxation and social security

147,058

72,317

Other creditors

635,199

401,678

888,878

586,853

9.	FINANCIAL COMMITMENTS

Financial commitments not included in the balance sheet amount to £64,661 (2024 : £45,230).

These financial commitments represent the total amount of payments remaining for various leases ending in several years between 2025 and 2029.

10.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current period by the directors of Sprink Holdings Ltd.