53 false false false false false false false false false false true false false false false false false No description of principal activity 2025-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 8,200 5,605 649 6,254 1,946 2,595 xbrli:pure xbrli:shares iso4217:GBP 02138473 2025-01-01 2025-12-31 02138473 2025-12-31 02138473 2024-12-31 02138473 2024-01-01 2024-12-31 02138473 2024-12-31 02138473 2023-12-31 02138473 core:PlantMachinery 2025-01-01 2025-12-31 02138473 core:FurnitureFittings 2025-01-01 2025-12-31 02138473 core:MotorVehicles 2025-01-01 2025-12-31 02138473 bus:Director2 2025-01-01 2025-12-31 02138473 core:LandBuildings core:LongLeaseholdAssets 2024-12-31 02138473 core:PlantMachinery 2024-12-31 02138473 core:FurnitureFittings 2024-12-31 02138473 core:MotorVehicles 2024-12-31 02138473 core:LandBuildings core:LongLeaseholdAssets 2025-12-31 02138473 core:PlantMachinery 2025-12-31 02138473 core:FurnitureFittings 2025-12-31 02138473 core:MotorVehicles 2025-12-31 02138473 core:LandBuildings core:LongLeaseholdAssets 2025-01-01 2025-12-31 02138473 core:WithinOneYear 2025-12-31 02138473 core:WithinOneYear 2024-12-31 02138473 core:AfterOneYear 2025-12-31 02138473 core:AfterOneYear 2024-12-31 02138473 core:ShareCapital 2025-12-31 02138473 core:ShareCapital 2024-12-31 02138473 core:CapitalRedemptionReserve 2025-12-31 02138473 core:CapitalRedemptionReserve 2024-12-31 02138473 core:RetainedEarningsAccumulatedLosses 2025-12-31 02138473 core:RetainedEarningsAccumulatedLosses 2024-12-31 02138473 core:BetweenOneFiveYears 2025-12-31 02138473 core:BetweenOneFiveYears 2024-12-31 02138473 core:LandBuildings core:LongLeaseholdAssets 2024-12-31 02138473 core:PlantMachinery 2024-12-31 02138473 core:FurnitureFittings 2024-12-31 02138473 core:MotorVehicles 2024-12-31 02138473 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2025-12-31 02138473 core:LeasedAssetsHeldAsLessee core:MotorVehicles 2025-12-31 02138473 core:LeasedAssetsHeldAsLessee 2025-12-31 02138473 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-12-31 02138473 core:LeasedAssetsHeldAsLessee core:MotorVehicles 2024-12-31 02138473 core:LeasedAssetsHeldAsLessee 2024-12-31 02138473 bus:Director1 2025-01-01 2025-12-31 02138473 bus:SmallEntities 2025-01-01 2025-12-31 02138473 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 02138473 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 02138473 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 02138473 bus:FullAccounts 2025-01-01 2025-12-31 02138473 core:ComputerSoftware 2025-01-01 2025-12-31 02138473 core:ComputerSoftware 2025-12-31 02138473 core:ComputerSoftware 2024-12-31
COMPANY REGISTRATION NUMBER: 02138473

LINCOLN SECURITY LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2025

LINCOLN SECURITY LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Intangible assets | 5 | 1,946 | 2,595
Tangible assets | 6 | 221,843 | 196,673
| ---------- | ----------
| 223,789 | 199,268

Current assets

Stocks | 450,052 | 417,333
Debtors | 7 | 646,831 | 869,125
Cash at bank and in hand | 847,855 | 717,030
| ------------- | -------------
| 1,944,738 | 2,003,488

Creditors: amounts falling due within one year | 8 | ( 794,738) | ( 917,473)
| ------------- | -------------
Net current assets | 1,150,000 | 1,086,015
| ------------- | -------------
Total assets less current liabilities | 1,373,789 | 1,285,283

Creditors: amounts falling due after more than one year | 9 | ( 30,390) | ( 17,365)

Provisions | ( 45,199) | ( 38,444)
| ------------- | -------------
Net assets | 1,298,200 | 1,229,474
| ------------- | -------------

Capital and reserves

Called up share capital | 590 | 634
Capital redemption reserve | 410 | 324
Profit and loss account | 1,297,200 | 1,228,516
| ------------- | -------------
Shareholders funds | 1,298,200 | 1,229,474
| ------------- | -------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

LINCOLN SECURITY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2025
For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 5 May 2026 , and are signed on behalf of the board by:

J B Froggatt
Director

Company registration number: 02138473

LINCOLN SECURITY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Whisby Way, Lincoln, Lincolnshire, LN6 3LQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in sterling which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. No significant judgements or estimates have been made by management in the process of applying the entity's accounting policies that would have a significant effect on the amounts recognised in the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Website | - | 25% reducing balance

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Research and development
Research expenditure is written off in the period in which it is incurred.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Long leasehold property | - | straight line basis over the life of the lease
| Plant and machinery | - | 25% reducing balance
| Fixtures and fittings | - | 25% reducing balance
| Motor vehicles | - | 25% reducing balance

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 53 (2024: 53 ).
5. Intangible assets

| Website
| £
Cost |
At 1 January 2025 and 31 December 2025 | 8,200
| -------
Amortisation |
At 1 January 2025 | 5,605
Charge for the year | 649
| -------
At 31 December 2025 | 6,254
| -------
Carrying amount |
At 31 December 2025 | 1,946
| -------
At 31 December 2024 | 2,595
| -------

6. Tangible assets

| Long leasehold property | Plant and machinery | Fixtures and fittings | Motor vehicles | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 January 2025 | 9,881 | 66,511 | 71,710 | 313,241 | 461,343
Additions | – | 24,316 | 10,889 | 65,146 | 100,351
Disposals | – | – | – | ( 35,990) | ( 35,990)
| ------- | --------- | --------- | ---------- | ----------
At 31 December 2025 | 9,881 | 90,827 | 82,599 | 342,397 | 525,704
| ------- | --------- | --------- | ---------- | ----------
Depreciation |  |  |  |  |
At 1 January 2025 | 8,994 | 32,739 | 41,388 | 181,549 | 264,670
Charge for the year | 222 | 12,089 | 9,896 | 39,015 | 61,222
Disposals | – | – | – | ( 22,031) | ( 22,031)
| ------- | --------- | --------- | ---------- | ----------
At 31 December 2025 | 9,216 | 44,828 | 51,284 | 198,533 | 303,861
| ------- | --------- | --------- | ---------- | ----------
Carrying amount |  |  |  |  |
At 31 December 2025 | 665 | 45,999 | 31,315 | 143,864 | 221,843
| ------- | --------- | --------- | ---------- | ----------
At 31 December 2024 | 887 | 33,772 | 30,322 | 131,692 | 196,673
| ------- | --------- | --------- | ---------- | ----------

Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

| Plant and machinery | Motor vehicles | Total
| £ | £ | £
At 31 December 2025 | 10,544 | 101,420 | 111,964
| --------- | ---------- | ----------
At 31 December 2024 | 14,059 | 60,616 | 74,675
| --------- | ---------- | ----------

7. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 522,756 | 827,310
Other debtors | 124,075 | 41,815
| ---------- | ----------
| 646,831 | 869,125
| ---------- | ----------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 8,334 | 10,000
Trade creditors | 514,639 | 602,086
Corporation tax | 39,903 | 53,931
Social security and other taxes | 86,236 | 97,766
Other creditors | 145,626 | 153,690
| ---------- | ----------
| 794,738 | 917,473
| ---------- | ----------

Included within other creditors are hire purchase agreements of £22,040 (2024: £25,533) which are secured against the assets to which they relate.
9. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | – | 8,333
Other creditors | 30,390 | 9,032
| --------- | ---------
| 30,390 | 17,365
| --------- | ---------

Other creditors are hire purchase agreements which are secured against the assets to which they relate.
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 | 2024
| £ | £
Not later than 1 year | 145,284 | 144,205
Later than 1 year and not later than 5 years | 96,480 | 218,842
| ---------- | ----------
| 241,764 | 363,047
| ---------- | ----------

11. Directors' advances, credits and guarantees
The Directors owed the company £636 at the year end (2024 - £802). There is no interest charged on the balance which was cleared in 2026.
12. Related party transactions
There are no material related party transactions to be disclosed.
13. Controlling party
The company was under the control of the directors in the current and prior year.