Network Security and Alarms Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02792940

Network Security and Alarms Limited

Filleted Financial Statements

31 August 2025

Network Security and Alarms Limited

Financial Statements

Year ended 31 August 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Network Security and Alarms Limited

Statement of Financial Position

31 August 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	8,127	19,624

Current assets

Stocks		–	44,475
Debtors	7	69,276	89,473
Cash at bank and in hand		6,569	37,618
		--------	---------
		75,845	171,566

Creditors: amounts falling due within one year	8	2,282,472	2,184,509
		------------	------------
Net current liabilities		2,206,627	2,012,943
		------------	------------
Total assets less current liabilities		( 2,198,500)	( 1,993,319)

Creditors: amounts falling due after more than one year	9	–	128,100

Provisions

Taxation including deferred tax	437	3,065
	------------	------------
Net liabilities	( 2,198,937)	( 2,124,484)
	------------	------------

Capital and reserves

Called up share capital	40,000	40,000
Share premium account	–	( 4,971)
Capital redemption reserve	20,000	20,000
Profit and loss account	( 2,258,937)	( 2,179,513)
	------------	------------
Shareholders deficit	( 2,198,937)	( 2,124,484)
	------------	------------

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.

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.

Network Security and Alarms Limited

Statement of Financial Position (continued)

31 August 2025

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: 02792940

Network Security and Alarms 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 Unit 1 Sovereign Park, Cleveland Way, Hemel Hempstead Industrial Estate, Hemel Hempstead, HP2 7DA, England.

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 Network Security and Alarms 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.

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.

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% straight line
Fixtures and fittings	-	25% straight line
Equipment	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

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.

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

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. 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 2 (2024: 2 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 September 2024 and 31 August 2025	87,114	41,891	95,837	224,842
	--------	--------	--------	---------
Depreciation
At 1 September 2024	85,709	31,959	87,550	205,218
Charge for the year	936	5,377	5,184	11,497
	--------	--------	--------	---------
At 31 August 2025	86,645	37,336	92,734	216,715
	--------	--------	--------	---------
Carrying amount
At 31 August 2025	469	4,555	3,103	8,127
	--------	--------	--------	---------
At 31 August 2024	1,405	9,932	8,287	19,624
	--------	--------	--------	---------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 September 2024 and 31 August 2025	1,519,710
	------------
Impairment
At 1 September 2024 and 31 August 2025	1,519,710
	------------

Carrying amount
At 31 August 2025	–
	------------
At 31 August 2024	–
	------------

7. Debtors

	2025	2024
	£	£
Trade debtors	11,529	71,254
Amounts owed by group undertakings and undertakings in which the company has a participating interest	47,699	17,602
Other debtors	10,048	617
	--------	--------
	69,276	89,473
	--------	--------

Included in trade debtors is £nil (2024: £71,254) of book debts secured by IGF Business Credit Ltd.

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	17,956
Trade creditors	36,821	128,214
Amounts owed to group undertakings and undertakings in which the company has a participating interest	2,134,662	1,696,051
Corporation tax	6,928	6,800
Social security and other taxes	2,618	95,621
Other creditors	101,443	239,867
	------------	------------
	2,282,472	2,184,509
	------------	------------

IGF Invoice Finance Limited (Charge number: 0279 2940 0003), a fixed charge over the property owned by Network Security and Alarms Limited , all land vested in or charged to the owner including all fixtures and fittings and rents receivable, all plant and 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 0279 2940 0003 also contains a floating charge over all of the other property, assets and rights of Network Security and Alarms Limited which are not subject to a fixed charge by any party. The balance due at the period end is £nill (2024: £146,056). The liabilities owed to IGF Invoice Finance Limited are supported by a personal guarantee from the director. Prefequity LLP (Charge number: 0279 2940 0004), a fixed charge over the property owned by Network Security and Alarms Limited , all estates and interests in freehold, 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 Chargers. Charge number 0279 2940 0004 also contains a floating charge over all of the other property, assets and rights of Network Security and Alarms Limited 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	–	128,100
	----	---------

10. Analysis of other comprehensive income

	Share premium account	Profit and loss account	Total
	£	£	£
Year ended 31 August 2025
Transfers between reserves	4,971	( 4,971)	–
	-------	-------	----

Transfers between reserves relates to the incorrect usage of share premium within a prior period in relation to a bonus issue of shares.

11. Operating leases

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

	2025	2024
	£	£
Not later than 1 year	–	12,791
Later than 1 year and not later than 5 years	–	23,451
	----	--------
	–	36,242
	----	--------

Network Security and Alarms Limited

Notes to the Financial Statements (continued)

Year ended 31 August 2025

12. Contingencies

The company has contingent liabilities of £1,318,860 (2024: £2,501,441) 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.

13. Summary audit opinion

The auditor's report dated 27 August 2026 was unqualified , however, the auditor drew attention to the following by way of emphasis.

We draw attention to the going concern policy shown in note 3 of the financial statements, which outlines the directors' consideration of the company's ability to continue as a going concern. As stated in the note, the company is reliant on the ongoing support from other companies in the group, as well as the ultimate shareholder, to meet its liabilities as they fall due. Without this support, there would be material uncertainty regarding the company's ability to continue as a going concern. The directors have received confirmation from the ultimate shareholder of their intention to provide such support, and therefore the financial statements have been prepared on a going concern basis. Our opinion is not modified in respect of this matter.

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

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 Wiesloch 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, Kent, CT1 3DN .