Daemon Fire & Security Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01905818

Daemon Fire & Security Limited

Filleted Financial Statements

31 August 2025

Daemon Fire & Security Limited

Financial Statements

Year ended 31 August 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

Daemon Fire & Security Limited

Statement of Financial Position

31 August 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	6	42,352	75,295

Current assets

Stocks		119,513	95,148
Debtors	7	8,376,286	9,087,769
Cash at bank and in hand		138,059	276,849
		------------	------------
		8,633,858	9,459,766

Creditors: amounts falling due within one year	8	3,252,116	3,786,414
		------------	------------
Net current assets		5,381,742	5,673,352
		------------	------------
Total assets less current liabilities		5,424,094	5,748,647

Creditors: amounts falling due after more than one year	9	–	371,179

Provisions

Taxation including deferred tax	7,065	7,065
	------------	------------
Net assets	5,417,029	5,370,403
	------------	------------

Capital and reserves

Called up share capital	5,000	5,000
Capital redemption reserve	5,000	5,000
Profit and loss account	5,407,029	5,360,403
	------------	------------
Shareholders funds	5,417,029	5,370,403
	------------	------------

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 income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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 31 March 2026 , and are signed on behalf of the board by:

Mr M A H Kachingwe	MR S R Wootton
Director	Director

Company registration number: 01905818

Daemon Fire & Security Limited

Notes to the Financial Statements

Year ended 31 August 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 Bk5 Business Park, Quartz Close, Tamworth, Staffs, B77 4GR, United Kingdom.

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. The financial statements are prepared in sterling, which is the functional currency of the entity.

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Going concern

The directors have considered going concern with particular reference to the amounts owed to the company by other group companies. The directors have received confirmation of support from the other companies in the group and the group has also received confirmation from the ultimate shareholder that they will continue to support the entity to meet its liabilities as they fall due. The directors have no reason to believe that this will not be received, if required, and continue to prepare the accounts on this basis.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Ilektra Limited as at 31st August 2025 which can be obtained from 27 New Dover Road, Canterbury, England, CT1 3DN. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) Disclosures in respect of share-based payments have not been presented. (d) No disclosure has been given for the aggregate remuneration of key management personnel. These exemptions have been applied on the basis that Ilektra Limited includes equivalent disclosures for Daemon Fire & Security Limited in its consolidated financial statements prepared in accordance with UK GAAP.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

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.

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 development costs	-	20% straight line

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance
Office equipment	-	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.

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. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. 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 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. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 46 (2024: 45 ).

5. Intangible assets

	Development costs
	£
Cost
At 1 September 2024 and 31 August 2025	3,978
	-------
Amortisation
At 1 September 2024 and 31 August 2025	3,978
	-------
Carrying amount
At 31 August 2025	–
	-------
At 31 August 2024	–
	-------

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 September 2024	87,664	58,409	60,444	1,950	208,467
Additions	–	2,300	–	13,723	16,023
Disposals	–	–	( 60,444)	–	( 60,444)
Transfers	–	( 2,241)	–	2,241	–
	--------	--------	--------	--------	---------
At 31 August 2025	87,664	58,468	–	17,914	164,046
	--------	--------	--------	--------	---------
Depreciation
At 1 September 2024	83,142	26,530	23,379	121	133,172
Charge for the year	1,130	8,347	6,585	2,424	18,486
Disposals	–	–	( 29,964)	–	( 29,964)
Transfers	–	( 1,112)	–	1,112	–
	--------	--------	--------	--------	---------
At 31 August 2025	84,272	33,765	–	3,657	121,694
	--------	--------	--------	--------	---------
Carrying amount
At 31 August 2025	3,392	24,703	–	14,257	42,352
	--------	--------	--------	--------	---------
At 31 August 2024	4,522	31,879	37,065	1,829	75,295
	--------	--------	--------	--------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	1,387,038	1,546,970
Amounts owed by group undertakings and undertakings in which the company has a participating interest	5,552,355	6,413,485
Other debtors	1,436,893	1,127,314
	------------	------------
	8,376,286	9,087,769
	------------	------------

Included in trade debtors is £1,167,312 (2024: £1,546,970) of book debts purchased by IGF Business Credit Ltd. The factor has full recourse on the company for unpaid debts.

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	579,108	1,353,750
Trade creditors	871,625	863,454
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,011,151	424,176
Corporation tax	103,118	250,632
Social security and other taxes	248,761	711,050
Other creditors	438,353	183,352
	------------	------------
	3,252,116	3,786,414
	------------	------------

IGF Invoice Finance Limited (Charge number: 0190 5818 0004), a fixed charge over the property owned by Daemon Fire & Security Ltd, all land vested in or charged to the owner including all Fixtures and Fittings and rent receivable, all plant & machinery including any associated warranties and maintenance contracts, all the goodwill of the owner's business, any uncalled capital, all stock, shares and other securities held by the owner or by a subsidiary of the owner, all intellectual property, licenses, claims, insurance policies, proceeds of any insurance and any other legal rights. Charge number 0190 5818 0004 also contains a floating charge over all of the other property, assets and rights of Daemon Fire & Security Ltd which are not subject to a fixed charge by any party. The balance due at the period end is £579,108 (2024: £1,342,522). Prefequity LLP (Charge number: 0190 5818 0006), a fixed charge over the property owned by Daemon Fire & Security Ltd, all estates and interests in freehold, feuhold, leasehold, heritable and other immovable property, all buildings, fixtures (including trade fixtures), fittings, and fixed plant or machinery at any time on that property, all easements, servitudes, rights and agreements in respect of that property, all rents from and proceeds of sale of that property, and the benefit of all covenants given in respect of that property, all intellectual property including; patents, trademarks, service marks, designs, business names, copyrights, database rights, design rights, domain names, moral rights, inventions, confidential information, know-how and other intellectual property rights and interests, the benefits of all applications and rights to use such assets of the Chargors. Charge number 0190 5818 0006 also contains a floating charge over all of the other property, assets and rights of Daemon Fire & & Security Ltd which are not subject to a fixed charge by any party.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	355,556
Other creditors	–	15,623
	----	---------
	–	371,179
	----	---------

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	207,049	272,145
Later than 1 year and not later than 5 years	218,853	576,957
Later than 5 years	–	43,685
	---------	---------
	425,902	892,787
	---------	---------

11. Contingencies

The company has contingent liabilities of £739,752 (2024: £1,304,974) relating to consolidated group debt to the group's factoring providers. The company has contingent liabilities of £7,815,439 (2024: £Nil) relating to consolidated group debt to the group's finance providers.

12. Summary audit opinion

The auditor's report dated 27 August 2026 was unqualified .

The senior statutory auditor was Andrew Collyer MSc ACA , for and on behalf of Burgess Hodgson Audit Limited .

13. Directors' advances, credits and guarantees

At the balance sheet date, the directors owed the company £10,000 (2024: £2,289). During the year, advances were made of £11,539 and repayments were made of £3,828. No interest was charged on the balance.

14. Related party transactions

Related party transactions with group companies have not been disclosed as consolidated accounts are prepared by the parent entity.

15. Controlling party

The immediate parent of the company is Eberbach Limited. The ultimate parent and controlling party, and the parent of both the largest and smallest group for which consolidated accounts are available, is Ilektra Limited . Both companies are registered at 27 New Dover Road, Canterbury, England, CT1 3DN .