REGISTERED NUMBER: 10988628 (England and Wales)

Secur-IT Integrated Services Ltd

Strategic Report, Report of the Director and

Financial Statements

for the Year Ended 30 September 2024

Page

Company Information

1

Strategic Report

2

Report of the Director

3

Report of the Independent Auditors

5

Income Statement

10

Other Comprehensive Income

11

Balance Sheet

12

Statement of Changes in Equity

13

Cash Flow Statement

14

Notes to the Cash Flow Statement

15

Notes to the Financial Statements

16

DIRECTOR:

R Cooke

REGISTERED OFFICE:

17 Maisies Way

South Normanton

Alfreton

DE55 2DS

REGISTERED NUMBER:

10988628 (England and Wales)

AUDITORS:

UHY Hacker Young (Birmingham) LLP

Statutory Auditor

9-11 Vittoria Street

Birmingham

B1 3ND

The director presents his strategic report for the year ended 30 September 2024.

REVIEW OF BUSINESS

Secur-IT Integrated's principal activity is to provide a single service for all security related systems including security, fire safety and access control. The company has done this successfully throughout 2024 by increasing investments into CCTV equipment.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risk and uncertainty is the macro-environment where if this was to take a significant downturn, then this would potentially have an impact on our customer base.

FINANCIAL PERFORMANCE

Revenue increased by 14% from £15.4m in 2023 to £17.6m in 2024 showing strong year-on-year growth.

ON BEHALF OF THE BOARD:

R Cooke - Director

29 December 2025

The director presents his report with the financial statements of the company for the year ended 30 September 2024.

PRINCIPAL ACTIVITY

The principle activity of the company in the year under review was that of providing specialised security services.

DIVIDENDS

No dividends will be distributed for the year ended 30 September 2024.

DIRECTOR

R Cooke held office during the whole of the period from 1 October 2023 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is 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 director is 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 director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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 director is 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 he 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, UHY Hacker Young (Birmingham) LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

R Cooke - Director

29 December 2025

Qualified opinion

We have audited the financial statements of Secur-IT Integrated Services Ltd (the 'company') for the year ended 30 September 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, 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, except for the possible effects of the matter described in the basis for qualified opinion section of our report, the financial statements:

- give a true and fair view of the state of the company’s affairs as at 30th September 2024 and of the company’s loss 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 qualified opinion

We were unable to obtain sufficient and appropriate audit evidence to confirm ownership of CCTV equipment installed at customer sites. We were unable to satisfy ourselves by alternatives means concerning the ownership of the equipment, which are included in the balance sheet at £8,639,880 alongside the current depreciation charge of £2,753,698. Consequently we were unable to determine whether any adjustment to these amounts was necessary.

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 Auditor’s 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 qualified opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's 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 director with respect to going concern are described in the relevant sections of this report.

Key audit matters

Except for the matter described in the basis for qualified opinion section, we have determined that there are no key audit matters to be communicated in our report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report.

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.

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.

As described in the basis for qualified opinion section of our report, we were unable to satisfy ourselves concerning the ownership of CCTV equipment held at 30 September 2024. We have concluded that where the other information refers to the CCTV equipment balance or related balances such as depreciation, it may be materially misstated for the same reason.

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 Director 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 Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

Except for the matter described in the basis for qualified opinion section of our report, 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 directors’ report.

Arising solely from the limitation on the scope of our work relating to CCTV equipment, referred to above:

- we have not obtained all the information and explanations that we considered necessary for the purpose of our audit; and

- we were unable to determine whether adequate accounting records have been kept.

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

- 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

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 director's remuneration specified by law are not made; or

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

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is 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 director determines 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 director is 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 director either intends to liquidate the company or to cease operations, or has 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the sector; and

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

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

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions; and

- investigated the rationale behind significant or unusual transactions.

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

- agreeing financial statement disclosures to underlying supporting documentation;

- reading the minutes of meetings of those charged with governance; and

- enquiring of management as to actual and potential litigation and claims.

There are inherent limitations in the audit procedures described above; any instance of non-compliance with laws and regulations and fraud which is far removed from transactions reflected in the financial statements would diminish the likelihood of detection. Furthermore, the risk of not detecting a material misstatement due to fraud is greater than the risk of not detecting one resulting from error. Fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentation, or through an act of collusion that would mitigate internal controls.

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.

Jack Wilkinson (Senior Statutory Auditor)

for and on behalf of UHY Hacker Young (Birmingham) LLP

Statutory Auditor

9-11 Vittoria Street

Birmingham

B1 3ND

29 December 2025

TURNOVER

3

17,554,592

15,407,731

Cost of sales

11,397,999

8,909,857

GROSS PROFIT

6,156,593

6,497,874

Administrative expenses

6,229,006

5,932,411

OPERATING (LOSS)/PROFIT and

(LOSS)/PROFIT BEFORE TAXATION

(72,413

)

565,463

Tax on (loss)/profit

6

546,438

1,132,026

LOSS FOR THE FINANCIAL YEAR

(618,851

)

(566,563

)

LOSS FOR THE YEAR

(618,851

)

(566,563

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(618,851

)

(566,563

)

FIXED ASSETS

Tangible assets

8

9,136,026

9,455,152

CURRENT ASSETS

Debtors

9

3,593,146

3,995,223

Cash at bank

28,545

97,911

3,621,691

4,093,134

CREDITORS

Amounts falling due within one year

10

5,245,250

5,371,669

NET CURRENT LIABILITIES

(1,623,559

)

(1,278,535

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,512,467

8,176,617

CREDITORS

Amounts falling due after more than one year

11

(707,017

)

(1,298,753

)

PROVISIONS FOR LIABILITIES

12

(1,485,861

)

(939,424

)

NET ASSETS

5,319,589

5,938,440

CAPITAL AND RESERVES

Called up share capital

13

100

100

Retained earnings

14

5,319,489

5,938,340

SHAREHOLDERS' FUNDS

5,319,589

5,938,440

The financial statements were approved by the director and authorised for issue on 29 December 2025 and were signed by:

R Cooke - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 October 2022

100

6,504,903

6,505,003

Changes in equity

Total comprehensive income

-

(566,563

)

(566,563

)

Balance at 30 September 2023

100

5,938,340

5,938,440

Changes in equity

Total comprehensive income

-

(618,851

)

(618,851

)

Balance at 30 September 2024

100

5,319,489

5,319,589

Cash flows from operating activities

Cash generated from operations

1

3,373,448

3,556,822

Tax paid

(274,456

)

-

Net cash from operating activities

3,098,992

3,556,822

Cash flows from investing activities

Purchase of tangible fixed assets

(2,733,373

)

(3,845,483

)

Sale of tangible fixed assets

156,751

44,234

Net cash from investing activities

(2,576,622

)

(3,801,249

)

Cash flows from financing activities

Amount introduced by directors

-

242,362

Amount withdrawn by directors

(591,736

)

-

Net cash from financing activities

(591,736

)

242,362

Decrease in cash and cash equivalents

(69,366

)

(2,065

)

Cash and cash equivalents at beginning of year

2

97,911

99,976

Cash and cash equivalents at end of year

2

28,545

97,911

1.	RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024

2023

as

restated

£

£

(Loss)/profit before taxation

(72,413

)

565,463

Depreciation charges

2,874,331

2,246,507

Loss on disposal of fixed assets

21,416

10,627

2,823,334

2,822,597

Decrease in trade and other debtors

402,077

1,265,870

Increase/(decrease) in trade and other creditors

148,037

(531,645

)

Cash generated from operations

3,373,448

3,556,822

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 September 2024

30.9.24

1.10.23

£

£

Cash and cash equivalents

28,545

97,911

Year ended 30 September 2023

30.9.23

1.10.22

as restated

£

£

Cash and cash equivalents

97,911

99,976

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.10.23

Cash flow

At 30.9.24

£

£

£

Net cash

Cash at bank

97,911

(69,366

)

28,545

97,911

(69,366

)

28,545

Total

97,911

(69,366

)

28,545

1.	STATUTORY INFORMATION

Secur-IT Integrated Services 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue recognition policy

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

Turnover from the sale of services is recognised when the significant risks and rewards have been transferred to the buyer.

Tangible fixed assets

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

Plant and machinery - 15% on reducing balance

CCTV equipment - 20% straight line

Motor vehicles - 25% on reducing balance

Computer equipment - 15% reducing balance

Assets costing £3,000 or more are capitalised as tangible fixed assets and are carried at cost, net of depreciation and any provision for impairment.

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.

Foreign currencies

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit and loss.

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.

Going concern

The Director has undertaken a thorough assessment of the Company's financial forecasts to June 2026. The Directors have reviewed the financial strength of the company, its financial forecasts and the stress testing of those forecasts, concluding that the company has sufficient resources to meet its obligations as they fall due. It is therefore appropriate to prepare the Company's financial statements on a going concern basis. The Directors therefore continue to adopt the going concern basis of accounting in preparing these financial statements.

3.

TURNOVER

The turnover and loss (2023 - profit) before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market for the year ended 30 September 2024 is given below:

£

United Kingdom

16,648,964

Europe

905,628

17,554,592

This analysis is not considered to be applicable to the year ended 30 September 2023.

4.	EMPLOYEES AND DIRECTORS

2024

2023

as

restated

£

£

Wages and salaries

11,982,376

9,511,388

Social security costs

202,192

244,791

Other pension costs

46,323

50,001

12,230,891

9,806,180

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

2024

2023

as

restated

Management

1

1

Admin

2

2

Engineers/Guards

121

131

124

134

2024

2023

as

restated

£

£

Director's remuneration

-

-

5.	OPERATING (LOSS)/PROFIT

The operating loss (2023 - operating profit) is stated after charging:

2024

2023

as

restated

£

£

Depreciation - owned assets

2,874,331

2,246,507

Loss on disposal of fixed assets

21,417

10,627

6.

TAXATION

Analysis of the tax charge

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

2024

2023

as

restated

£

£

Current tax:

UK corporation tax

-

192,602

Deferred tax

546,438

939,424

Tax on (loss)/profit

546,438

1,132,026

7.	PRIOR YEAR ADJUSTMENT

During the year, it was identified that certain CCTV equipment had been depreciated on a reducing balance basis at 20% per annum, rather than in accordance with the Company’s stated accounting policy of straight-line depreciation at 20% per annum.

This has been treated as a prior period error, and the comparative amounts have been restated in accordance with FRS 102.

The impact of the restatement is summarised as follows:

As at 1 October 2022, retained earnings increased by £258,807 as a result of a higher net book value of fixed assets.

For the year ended 30 September 2023, depreciation expense increased by £380,611, resulting in a reduction in the net book value of fixed assets and a corresponding decrease in closing reserves.

The total impact on prior year retained earnings as at 30th September 2023 a decrease of £121,804

The correction has been reflected through adjustments to accumulated depreciation and retained earnings, and the comparative financial information has been restated accordingly.

8.	TANGIBLE FIXED ASSETS

Plant and

CCTV

Motor

Computer

machinery

equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2023

258,850

13,077,416

636,657

78,968

14,051,891

Additions

17,814

2,522,896

192,663

-

2,733,373

Disposals

-

-

(259,825

)

-

(259,825

)

At 30 September 2024

276,664

15,600,312

569,495

78,968

16,525,439

DEPRECIATION

At 1 October 2023

80,163

4,206,734

248,647

61,195

4,596,739

Charge for year

29,453

2,753,698

85,315

5,865

2,874,331

Eliminated on disposal

-

-

(81,657

)

-

(81,657

)

At 30 September 2024

109,616

6,960,432

252,305

67,060

7,389,413

NET BOOK VALUE

At 30 September 2024

167,048

8,639,880

317,190

11,908

9,136,026

At 30 September 2023

178,687

8,870,682

388,010

17,773

9,455,152

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as

restated

£

£

Trade debtors

3,389,520

3,972,443

Other debtors

177,796

7,079

Prepayments

25,830

15,701

3,593,146

3,995,223

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as

restated

£

£

Trade creditors

2,724,811

1,306,812

Factoring account

1,800,716

2,526,821

Corporation tax

-

274,456

Social security and other taxes

218,196

226,397

VAT

442,110

361,953

Other creditors

6,767

654,443

Accrued expenses

52,650

20,787

5,245,250

5,371,669

11.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

as

restated

£

£

Directors' loan accounts

707,017

1,298,753

12.	PROVISIONS FOR LIABILITIES

2024

2023

as

restated

£

£

Deferred tax

1,485,861

939,424

Deferred

tax

£

Balance at 1 October 2023

939,424

Deferred Tax Charge

669,109

Tax on Loss in year

(122,672

)

Balance at 30 September 2024

1,485,861