REGISTERED NUMBER: 05527150 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

GMS SECURITY SERVICES LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Director

3

Report of the Independent Auditors

5

Statement of Income and Retained Earnings

8

Balance Sheet

9

Notes to the Financial Statements

10

DIRECTOR:

N J Male

REGISTERED OFFICE:

Admiral House

Waterfront East

Brierley Hill

West Midlands

DY5 1XG

REGISTERED NUMBER:

05527150 (England and Wales)

AUDITORS:

Blackthorns

Chartered Accountants

and Registered Auditors

Admiral House

Waterfront East

Brierley Hill

West Midlands

DY5 1XG

The director presents his strategic report for the year ended 31 August 2025.

REVIEW OF BUSINESS

The company provides, on a national basis, security services encompassing licensed activities such as manned guarding, mobile patrols, key holding and security reviews.

The company's statement of income and retained earnings is shown on page 8. The profit for the year is £543,828 (2024 - £230,478).

PRINCIPAL RISKS AND UNCERTAINTIES

The key principal risk and uncertainty facing the company is a rising cost base which is driven by factors outside their control. This predominantly relates to employment law legislation and the company's policy to provide competitive employment contracts to its workforce.

The director does not believe there to be any other significant risks.

FINANCIAL KEY PERFORMANCE INDICATORS

The company manages all of its functions centrally with key performance indicators outlined as below:

- Turnover, Gross Profit, ACS Audit Scoring etc.

- Operations: Client satisfaction, customer complaints etc.

- Officer: Annual Appraisal, 360 feedback etc.

- Environment: ISO14001, management

ON BEHALF OF THE BOARD:

N J Male - Director

15 January 2026

The director presents his report with the financial statements of the company for the year ended 31 August 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the provision of security services.

DIVIDENDS

Dividends of £156,816 (2024 - £172,214) were payable during the year.

FUTURE DEVELOPMENTS

The director expects the general level of activity to increase in the forthcoming year. This is as a result of key account growth and contract wins as well as diversifying into other niche areas.

The director does not foresee any changes to the principal activity of the company.

DIRECTOR

N J Male held office during the whole of the period from 1 September 2024 to the date of this report.

DISABLED EMPLOYEES

The company's policy in respect of disabled persons is that their applications for employment are always fully and fairly considered, bearing in mind the aptitudes and abilities of the applicant concerned. In the event of a member of staff becoming disabled, every effort is made to ensure that employment within the company continues and where necessary, appropriate training is arranged. It is the company's policy that training, career development and promotion of disabled persons should, as far as possible, be identical with that of all other employees in a similar position.

EMPLOYEE INVOLVEMENT

The company's policy is to consult and discuss with employees, through unions, staff councils and at meetings, matters likely to affect employees' interests.

Information on matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the company's performance.

DISCLOSURE IN THE STRATEGIC REPORT

The director has opted to disclose the results of the business within the strategic report as he considers these items to be of sufficient strategic importance to the financial statements.

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). 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, Blackthorns, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

N J Male - Director

15 January 2026

Opinion

We have audited the financial statements of GMS Security Services Limited (the 'company') for the year ended 31 August 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 31 August 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 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.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, 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 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

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 Director.

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 pages three and four, 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:

Based on our understanding of the company and industry we did not identify any risks of non compliance with laws and regulations that would impact on the company's ability to trade or have a material impact on the financial statements. 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 and UK tax legislation. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risk was regarding completeness of income. Audit procedures performed included:

-

discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud;

-

reviewing correspondence for any issues of non-compliance;

-

identifying and testing journal entries both at the year end and during the year, in particular any journal entries posted with unusual account combinations or posted by senior management; and

-

challenging assumptions and judgements made by management in their significant accounting estimates and judgements.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with 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 due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment or collusion.

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.

Victoria Brassington BA FCA (Senior Statutory Auditor)

for and on behalf of Blackthorns

Chartered Accountants

and Registered Auditors

Admiral House

Waterfront East

Brierley Hill

West Midlands

DY5 1XG

16 January 2026

TURNOVER

3

21,815,797

19,744,694

Cost of sales

19,020,230

17,266,452

GROSS PROFIT

2,795,567

2,478,242

Administrative expenses

1,858,793

1,919,589

OPERATING PROFIT

936,774

558,653

Interest receivable and similar income

-

887

936,774

559,540

Interest payable and similar expenses

5

176,817

213,062

PROFIT BEFORE TAXATION

6

759,957

346,478

Tax on profit

7

216,129

116,000

PROFIT FOR THE FINANCIAL YEAR

543,828

230,478

Retained earnings at beginning of year

792,387

734,123

Dividends

8

(156,816

)

(172,214

)

RETAINED EARNINGS AT END OF YEAR

1,179,399

792,387

FIXED ASSETS

Tangible assets

9

43,679

100,287

CURRENT ASSETS

Debtors

10

7,594,093

5,557,160

Cash at bank

111,333

97,844

7,705,426

5,655,004

CREDITORS

Amounts falling due within one year

11

6,567,526

4,950,991

NET CURRENT ASSETS

1,137,900

704,013

TOTAL ASSETS LESS CURRENT LIABILITIES

1,181,579

804,300

CREDITORS

Amounts falling due after more than one year

12

-

(6,733

)

PROVISIONS FOR LIABILITIES

16

(2,000

)

(5,000

)

NET ASSETS

1,179,579

792,567

CAPITAL AND RESERVES

Called up share capital

17

99

99

Share premium

18

81

81

Retained earnings

18

1,179,399

792,387

SHAREHOLDERS' FUNDS

1,179,579

792,567

The financial statements were approved by the director and authorised for issue on 15 January 2026 and were signed by:

N J Male - Director

1.	STATUTORY INFORMATION

GMS Security Services Limited is a private company, limited by shares, registered in England and Wales, registered number 05527150. Its registered office is Admiral House, Waterfront East, Brierley Hill, West Midlands, England, DY5 1XG.

The financial statements are presented in Sterling, which is the functional currency of the company.

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.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions 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;

•

the requirement of paragraph 33.7.

Critical accounting judgements and key sources of estimation uncertainty

The company makes estimates and assumptions concerning the future. The directors are also required to exercise judgement in the process of applying the company's accounting policies. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

In preparing these financial statements the director has made the following judgements:

Recoverability of trade debtors

Trade and other debtors are recognised to the extent that they are judged recoverable. The director review is performed to estimate the level of reserves required for irrecoverable debt. Provisions are made specifically against invoices where recoverability is uncertain.

The director makes allowances for doubtful debts based on an assessment of the recoverability of debtors. Allowances are applied to debtors where events or changes inc circumstances indicate that the carrying amounts may not be recoverable. The director specifically analyses historical bad debts, customer creditworthiness, current economic trends and changes in customer payment terms when making a judgement to evaluate the adequacy of the provision for doubtful debts. Where the expectation is different from the original estimate, such differences will impact the carrying value of debtors and the charge in the statement of income and retained earnings.

Leasing

The company determines whether leases entered into by the company as a lessee are operating or finance leases. These decisions depend on the assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis based on an evaluation of the terms and conditions of the arrangements, and accordingly whether the lease requires an asset and liability to be recognised in the balance sheet.

Provisions

A provision is recognised when the company has a present legal or constructive obligation as a result of a past event for which it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated. Whether a present obligation is probable or not requires judgement. The nature and type of risks for these provisions differ and management's judgement is applied regarding the nature and extent of obligations in deciding if an outflow of resources is probable or not.

Taxation

There are many transactions and calculations for which the ultimate tax determination is uncertain. The company recognises liabilities for anticipated tax issues based on estimates of whether additional taxes will be due.

The director's estimation is required to determine the amount of deferred tax assets that cab be recognised, based upon likely timing and level of future taxable profits together with an assessment of the effect of future tax planning strategies.

Turnover

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

The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised when all of the following conditions are satisfied:

-

the company has transferred the significant risks and rewards of ownership to the buyer;

-

the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the services provided;

-

the amount of revenue can be measured reliably;

-

it is probable that the company will receive consideration due under the transaction;

-

the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

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

Improvements to property

-

25% on cost and 20% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

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.

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.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such arrangements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the statement of income and retained earnings so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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

At the time of approving the financial statements,the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Financial instruments

Basic financial liabilities, including trade and other debtors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

3.

TURNOVER

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

An analysis of turnover by class of business is given below:

31.8.25

31.8.24

£

£

Supply of services

21,815,797

19,744,694

21,815,797

19,744,694

4.	EMPLOYEES AND DIRECTORS

31.8.25

31.8.24

£

£

Wages and salaries

14,047,394

12,409,371

Social security costs

1,515,691

1,118,095

Other pension costs

210,552

198,225

15,773,637

13,725,691

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

31.8.25

31.8.24

Administrative

15

15

Guards and security

433

418

448

433

31.8.25

31.8.24

£

£

Director's remuneration

-

-

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.8.25

31.8.24

£

£

Interest payable

175,212

211,457

Hire purchase

1,605

1,605

176,817

213,062

6.	PROFIT BEFORE TAXATION

The profit is stated after charging:

31.8.25

31.8.24

£

£

Hire of plant and machinery

1,788

3,359

Other operating leases

178,577

186,863

Depreciation - owned assets

65,396

64,782

Auditors' remuneration

9,800

9,800

Donations

23,973

18,909

Auditors' remuneration for non-audit and other compliance work

7,870

19,264

7.

TAXATION

Analysis of the tax charge

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

31.8.25

31.8.24

£

£

Current tax:

UK corporation tax

220,000

117,000

Over/under provision

(871

)

-

Total current tax

219,129

117,000

Deferred tax

(3,000

)

(1,000

)

Tax on profit

216,129

116,000

Reconciliation of total tax charge included in profit and loss

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

31.8.25

31.8.24

£

£

Profit before tax

759,957

346,478

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

189,989

86,620

Effects of:

Expenses not deductible for tax purposes

18,754

17,104

Depreciation in excess of capital allowances

13,371

14,917

Adjustments to tax charge in respect of previous periods

(871

)

-

Other sundry tax adjustments

(2,114

)

(1,641

)

Deferred tax

(3,000

)

(1,000

)

Total tax charge

216,129

116,000

8.

DIVIDENDS

31.8.25

31.8.24

£

£

Ordinary shares of £1 each

Final

156,816

172,214

9.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 September 2024

248,446

115,431

128,784

492,661

Additions

-

-

8,788

8,788

At 31 August 2025

248,446

115,431

137,572

501,449

DEPRECIATION

At 1 September 2024

164,041

105,612

122,721

392,374

Charge for year

53,225

8,416

3,755

65,396

At 31 August 2025

217,266

114,028

126,476

457,770

NET BOOK VALUE

At 31 August 2025

31,180

1,403

11,096

43,679

At 31 August 2024

84,405

9,819

6,063

100,287

The net book value of assets held under finance leases or hire purchase contracts included above was fixtures and fittings £1,403 (2024 - £9,819).

10.

DEBTORS

31.8.25

31.8.24

£

£

Amounts falling due within one year:

Trade debtors

6,481,124

4,249,276

Amounts owed by group undertakings

661,608

554,970

Other debtors

21,642

6,109

Tax

30,000

30,000

Prepayments and accrued income

159,214

469,961

Prepayments

3,243

-

7,356,831

5,310,316

Amounts falling due after more than one year:

Other debtors

237,262

246,844

Aggregate amounts

7,594,093

5,557,160

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts (see note 13)

2,692,219

1,683,184

Hire purchase contracts (see note 14)

6,733

6,733

Trade creditors

1,274,346

1,328,031

Tax

110,000

117,000

Social security and other taxes

543,036

286,142

VAT

376,886

232,783

Other creditors

1,298,839

876,325

Directors' current accounts

28,624

48,111

Accruals and deferred income

236,843

372,682

6,567,526

4,950,991

12.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts (see note 14)

-

6,733

13.

LOANS

An analysis of the maturity of loans is given below:

31.8.25

31.8.24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

2,692,219

1,642,443

Bank loans

-

40,741

2,692,219

1,683,184

14.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.8.25

31.8.24

£

£

Net obligations repayable:

Within one year

6,733

6,733

Between one and five years

-

6,733

6,733

13,466