REGISTERED NUMBER: 02231601 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Assist Security Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

T Hewitt

C M Howell

REGISTERED OFFICE:

Unit B, Ascensis Tower

Juniper Drive

London

SW18 1AY

REGISTERED NUMBER:

02231601 (England and Wales)

ACCOUNTANTS:

BBK Partnership

Chartered Accountants

& Statutory Auditors

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

CURRENT ASSETS

Stocks

5

281,371

253,451

Debtors

6

2,015,676

1,752,697

Cash at bank and in hand

2,645

35,040

2,299,692

2,041,188

CREDITORS

Amounts falling due within one year

7

(1,122,299

)

(1,928,230

)

NET CURRENT ASSETS

1,177,393

112,958

TOTAL ASSETS LESS CURRENT LIABILITIES

1,177,393

112,958

CREDITORS

Amounts falling due after more than one year

8

(841,956

)

(11,667

)

NET ASSETS

335,437

101,291

CAPITAL AND RESERVES

Called up share capital

10

100

100

Capital redemption reserve

11

(52,000

)

(52,000

)

Retained earnings

11

387,337

153,191

SHAREHOLDERS' FUNDS

335,437

101,291

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

C M Howell - Director

1.	STATUTORY INFORMATION

Assist 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets and depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles

25% straight line

Fixtures & Fittings

25% straight line

Computer Equipment

25% straight line

Stocks and work in progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Hire purchase and leasing commitments

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

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.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 146 (2024 - 82 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

26,422

546

187,859

214,827

DEPRECIATION

At 1 April 2024

and 31 March 2025

26,422

546

187,859

214,827

NET BOOK VALUE

At 31 March 2025

-

-

-

-

At 31 March 2024

-

-

-

-

5.

STOCKS

31.3.25

31.3.24

£

£

Work-in-progress

281,371

253,451

6.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

1,833,342

1,740,222

Amounts owed by group undertakings

172,482

12,702

Prepayments and accrued income

4,439

(227

)

Prepayments

5,056

-

2,015,319

1,752,697

Amounts falling due after more than one year:

Other debtors

357

-

Aggregate amounts

2,015,676

1,752,697

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 9)

10,000

10,000

Trade creditors

40,840

131,086

Amounts owed to group undertakings

-

511,946

Social security and other taxes

248,704

79,517

VAT

370,922

116,776

Other creditors

28,405

929,358

Net wages

412,885

135,877

Deferred income

7,083

-

Accrued expenses

3,460

13,670

1,122,299

1,928,230

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 9)

1,663

11,667

Other creditors

840,293

-

841,956

11,667

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank loans

10,000

10,000

Amounts falling due between two and five years:

Bounce Back Loan

1,663

11,667

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary Shares

£1

100

100

11.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 April 2024

153,191

(52,000

)

101,191

Profit for the year

391,146

391,146

Dividends

(157,000

)

(157,000

)

At 31 March 2025

387,337

(52,000

)

335,337

12.	RELATED PARTY TRANSACTIONS

The company has taken advantage of the exemption in the requirements of paragraph 17 and 18 of IAS 24 "Related Party Disclosures" from disclosing related party transactions within a 100% owned group.

No compensation was paid to key management personnel during the year.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T Hewitt, a director of the company.

The smallest and the largest group in which the results of the Company are consolidated is Assist Security Group Limited, whose financial statement are publicly available at its respective registered offices or at Companies House.

The company has taken advantage of the exemption from audit under s. 479A - 479C of the Companies Act 2006.

14.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £54,691. (2024: £25,780)