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Registration number: 06386639

Nationwide Fire & Security (UK) Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 31 October 2025

Nationwide Fire & Security (UK) Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Financial Statements | 4 to 11

Nationwide Fire & Security (UK) Ltd

Company Information

Directors | Mrs J A Small Mr N J Small Mr S Small

Registered office | 10 Centre Court Vine Lane Halesowen West Midlands B63 3EB

Accountants | Rotherham Taylor Limited Chartered Accountants21 Navigation Business Village Navigation Way Ashton-on-Ribble Preston PR2 2YP

Nationwide Fire & Security (UK) Ltd

(Registration number: 06386639)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 208,852 | 197,885
Current assets |  |  |
Stocks | 5 | 63,206 | 86,376
Debtors | 6 | 851,139 | 641,912
Cash at bank and in hand |  | 464,852 | 596,616
|  | 1,379,197 | 1,324,904
Creditors: Amounts falling due within one year | 7 | (524,762) | (562,072)
Net current assets |  | 854,435 | 762,832
Total assets less current liabilities |  | 1,063,287 | 960,717
Creditors: Amounts falling due after more than one year | 7 | (93,579) | (115,269)
Provisions for liabilities |  | (49,857) | (47,036)
Net assets |  | 919,851 | 798,412
Capital and reserves |  |  |
Called up share capital |  | 200 | 200
Retained earnings |  | 919,651 | 798,212
Shareholders' funds |  | 919,851 | 798,412

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Nationwide Fire & Security (UK) Ltd

(Registration number: 06386639)
Balance Sheet as at 31 October 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 April 2026 and signed on its behalf by:

......................................... Mr N J Small Director

Nationwide Fire & Security (UK) Ltd

Notes to the Financial Statements for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
10 Centre Court
Vine Lane
Halesowen
West Midlands
B63 3EB

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when: the amount of revenue can be reliably measured;it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Nationwide Fire & Security (UK) Ltd

Notes to the Financial Statements for the Year Ended 31 October 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 20% on cost
Plant and machinery | 25% on cost
Motor vehicles | 20% on cost
Office equipment | 25% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Nationwide Fire & Security (UK) Ltd

Notes to the Financial Statements for the Year Ended 31 October 2025

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Nationwide Fire & Security (UK) Ltd

Notes to the Financial Statements for the Year Ended 31 October 2025

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 28 (2024 - 23).

Nationwide Fire & Security (UK) Ltd

Notes to the Financial Statements for the Year Ended 31 October 2025

4 | tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £
Cost or valuation
At 1 November 2024 | 2,902 | 83,727 | 20,599 | 287,959
Additions | 1,687 | 9,150 | 5,304 | 71,841
Disposals | (334) | - | - | (30,770)
At 31 October 2025 | 4,255 | 92,877 | 25,903 | 329,030
Depreciation
At 1 November 2024 | 912 | 55,998 | 14,031 | 126,361
Charge for the year | 797 | 12,952 | 3,888 | 59,110
Eliminated on disposal | (66) | - | - | (30,770)
At 31 October 2025 | 1,643 | 68,950 | 17,919 | 154,701
Carrying amount
At 31 October 2025 | 2,612 | 23,927 | 7,984 | 174,329
At 31 October 2024 | 1,990 | 27,729 | 6,568 | 161,598

| Total £
Cost or valuation
At 1 November 2024 | 395,187
Additions | 87,982
Disposals | (31,104)
At 31 October 2025 | 452,065
Depreciation
At 1 November 2024 | 197,302
Charge for the year | 76,747
Eliminated on disposal | (30,836)
At 31 October 2025 | 243,213
Carrying amount
At 31 October 2025 | 208,852
At 31 October 2024 | 197,885

Nationwide Fire & Security (UK) Ltd

Notes to the Financial Statements for the Year Ended 31 October 2025

5 | stocks

| 2025 £ | 2024 £
Stocks | 63,206 | 86,376

6 | debtors

Current | 2025 £ | 2024 £
Trade debtors | 815,206 | 580,840
Prepayments | 31,533 | 16,355
Other debtors | 4,400 | 44,717
| 851,139 | 641,912

Nationwide Fire & Security (UK) Ltd

Notes to the Financial Statements for the Year Ended 31 October 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Bank loans and borrowings | 8 | 82,927 | 66,672
Trade creditors |  | 161,473 | 232,242
Taxation and social security |  | 169,463 | 122,678
Other creditors |  | 110,899 | 140,480
|  | 524,762 | 562,072
Due after one year |  |  |
Loans and borrowings | 8 | 93,579 | 115,269

8 | Loans and borrowings

| 2025 £ | 2024 £
Non-current loans and borrowings
Bank borrowings | - | 5,833
Hire purchase contracts | 93,579 | 109,436
| 93,579 | 115,269

| 2025 £ | 2024 £
Current loans and borrowings
Bank borrowings | 5,833 | 10,000
HP and finance lease liabilities | 77,093 | 56,671
Director's current account | 1 | 1
| 82,927 | 66,672

The Director's current account is non-interest bearing and has no formal repayment terms.

9 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £63,914 (2024 - £48,717).

Nationwide Fire & Security (UK) Ltd

Notes to the Financial Statements for the Year Ended 31 October 2025

10 | Off-balance sheet arrangements

Employee benefit trust
On the 7 May 2019 70% of the issued share capital of the company was sold, by virtue of this transaction the company is now "employee owned". To facilitate the change in ownership a new trustee company named Nationwide F & S Trustees Limited was incorporated which acts as a trustee of the Nationwide Fire & Security (UK) Limited Employee Ownership Trust ("EOT").
On the 20th May 2024 the remaining 30% of the issued share capital of the company was sold to the EOT.
The funding of these transactions was achieved through a loan from the previous majority shareholders. The loan is held within the EOT however the funding for the repayments of this loan are made by Nationwide Fire & Security (UK) Limited.
Payments made to the EOT have been disclosed as a gift of profits from the company, disclosure is made via the Statement of Changes in Equity.
It has been determined that the EOT has the legal and beneficial ownership of the shares in Nationwide Fire & Security (UK) Limited as a result of the influence it has over the future decisions of the company. As a result of this, the above loan has not been recognised as a liability within the accounts.