REGISTERED NUMBER: 12107148 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Assist Security (Retail) Ltd

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:

12107148 (England and Wales)

ACCOUNTANTS:

BBK Partnership

Chartered Accountants

& Statutory Auditors

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

FIXED ASSETS

Intangible assets

4

-

4,878

CURRENT ASSETS

Stocks

5

-

10,288

Debtors

6

538,588

883,359

Cash at bank

12,180

4,267

550,768

897,914

CREDITORS

Amounts falling due within one year

7

(411,050

)

(895,144

)

NET CURRENT ASSETS

139,718

2,770

TOTAL ASSETS LESS CURRENT LIABILITIES

139,718

7,648

CREDITORS

Amounts falling due after more than one year

8

(228,785

)

-

NET (LIABILITIES)/ASSETS

(89,067

)

7,648

CAPITAL AND RESERVES

Called up share capital

9

1,002

1,000

Retained earnings

10

(90,069

)

6,648

SHAREHOLDERS' FUNDS

(89,067

)

7,648

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 (Retail) Ltd 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.

Intangible fixed assets and amortisation - intellectual property

Intellectual property assets relate to technical know how purchased from the previous owner. It is amortised to the profit and loss account over its estimated economic life of 5 years.

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.

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.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2024 - 50 ) .

4.	INTANGIBLE FIXED ASSETS

Intellectual

Property

£

COST

At 1 April 2024

and 31 March 2025

73,184

AMORTISATION

At 1 April 2024

68,306

Amortisation for year

4,878

At 31 March 2025

73,184

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

4,878

5.

STOCKS

31.3.25

31.3.24

£

£

Work-in-progress

-

10,288

6.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

538,586

831,344

Prepayments

-

52,015

538,586

883,359

Amounts falling due after more than one year:

Other debtors

2

-

Aggregate amounts

538,588

883,359

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

121,643

35,482

Amounts owed to group undertakings

172,482

231,220

Tax

-

(2,375

)

Social security and other taxes

27,247

56,101

VAT

64,034

68,285

Other creditors

9,537

496,431

Accrued expenses

16,107

10,000

411,050

895,144

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

228,785

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1,000

Ordinary Shares

£1

1,000

1,000

2

Preference Shares

£1

2

-

1,002

1,000

10.

RESERVES

Retained

earnings

£

At 1 April 2024

6,648

Deficit for the year

(96,717

)

At 31 March 2025

(90,069

)

11.	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.

12.	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.