REGISTERED NUMBER: 02508504 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 December 2025

for

Security Systems And Alarms Inspection

Board

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Income Statement

10

Other Comprehensive Income

11

Balance Sheet

12

Statement of Changes in Equity

13

Cash Flow Statement

14

Notes to the Cash Flow Statement

15

Notes to the Financial Statements

16

DIRECTORS:

Mr M R Peretti

Mr G Tate

Mr P F P Phillips

SECRETARY:

Mr A Fidler

REGISTERED OFFICE:

7-9 Earsdon Road

West Monkseaton

Whitley Bay

Tyne and Wear

NE25 9SX

REGISTERED NUMBER:

02508504 (England and Wales)

AUDITORS:

Douglas Shaw Limited, Statutory Auditor

7 Brenkley Way

Blezard Business Park

Seaton Burn

Tyne and Wear

NE13 6DS

The directors present their strategic report for the year ended 31 December 2025.

REVIEW OF BUSINESS

The business has continued to perform well in 2025 with turnover up 7.4%. The number of clients has remained at a similar level as in 2024 but the certification schemes that new clients are seeking attract higher fees due to the longer audits thereby resulting in increased turnover. The increasing length of audits has meant more auditors were needed which has increased costs, but the business now has greater capacity to fulfil clients' needs in the future, and this will no longer act as a brake on growth.

Fire safety related certification schemes continue to see the most growth resulting in the business becoming more diversified.

During 2025, SSAIB successfully retained a contract for the performance of assessments of organisations seeking approval for the Security Industry Authority's Approved Contractor Scheme (ACS).

The senior management team was strengthened during 2025 and additional audit and administration staff recruited to deal with the increased volumes and the increasing complexities of certain schemes

KEY PERFORMANCE INDICATORS

The company uses a number of performance measures to monitor and manage the business

effectively. The most significant of these are the key performance indicators.

The key performance indicators for the year ended 31 December 2025, with comparatives for the

year ended 31 December 2024 are as follows :

2025

2024

Turnover £

5,757

5,362

Profit Before Tax £

534

872

EBITDA £

582

909

Turnover and other associated metrics as described above.

In addition to core financial indicators the company also monitors :

Changes to the roll of registered firms: Noting the numbers of new clients in each market sector and the numbers of clients lost together with the reasons for each. Client turnover remains low.

During the accounting period,despite the withdrawal of support by the government for one minor scheme, there was still an increase in the client base. The closure of the government scheme had been foreseen and had no financial impact. Disregarding this loss there was still an increase of 43 in the number of clients.

To ensure operational efficiency and adequate resourcing the numbers of audits/assessments performed are continuously monitored.

PRINCIPAL RISKS AND UNCERTAINTIES

The SSAIB is managed using a risk-based approach which is reflected in its quality management system which, in turn, is assessed by the United Kingdom Accreditation Service (UKAS).

The core source of income is from the provision of certification and assessment services. These services are based on several schemes reflecting various market areas from the security and fire safety industries.

The continued success of these schemes is reliant on their appeal, which is often determined by the scheme owners and requirement setters. SSAIB has mitigated against this risk by ensuring diversification such that no single scheme controlled by external scheme owners predominates.

Continued accreditation by UKAS is considered vital to the business and the necessary activities to ensure this are monitored by senior management and a dedicated compliance manager.

A monthly meeting considers the management accounts in detail and monitors the gains and losses of clients in each market sector.

The nature of the size of SSAIB's clients is such that the loss of a single client cannot significantly impact the financial viability of the company.

As a not-for-profit organisation, SSAIB prefers low-risk financial investments and maintains easily accessible funds to cover foreseeable cash flow needs with surplus funds distributed to reduce risks associated with a financial crisis.

The company is certificated in accordance with the requirements of the Cyber Essential Plus scheme developed by the National Cyber Security Centre (NCSC)intended to help organizations protect against common cyber threats. Previously recognised risks involving IT provision have been reduced in the 18 months to the end of 2025 by greater control and expansion of the resource.

The implementation of a business continuity management system meeting ISO 22301 was begun in 2025 with an intent to complete in 2026.

ON BEHALF OF THE BOARD:

Mr A Fidler - Secretary

22 May 2026

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

Mr M R Peretti

Mr G Tate

Mr P F P Phillips

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements, the directors are 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 directors are 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 them to ensure that the financial statements comply with the Companies Act 2006. They are 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 directors are 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 each director 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, Douglas Shaw Limited, Statutory Auditor, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr A Fidler - Secretary

22 May 2026

Opinion

We have audited the financial statements of Security Systems And Alarms Inspection Board (the 'company') for the year ended 31 December 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, 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 December 2025 and of its surplus 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 directors' 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 directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, 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 Directors 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 Directors 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 Directors.

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 directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are 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 directors determine 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 directors are 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 directors either intend to liquidate the company or to cease operations, or have 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:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge;

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation;

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management; and

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- reading the minutes of meetings of those charged with governance;

- enquiring of management as to actual and potential litigation and claims; and

- reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they 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.

Graham Douglas (Senior Statutory Auditor)

for and on behalf of Douglas Shaw Limited, Statutory Auditor

7 Brenkley Way

Blezard Business Park

Seaton Burn

Tyne and Wear

NE13 6DS

23 September 2026

TURNOVER

3

5,757,824

5,362,076

Administrative expenses

5,252,326

4,515,144

OPERATING SURPLUS

5

505,498

846,932

Interest receivable and similar income

29,304

25,150

SURPLUS BEFORE TAXATION

534,802

872,082

Tax on surplus

6

137,268

221,615

SURPLUS FOR THE FINANCIAL YEAR

397,534

650,467

SURPLUS FOR THE YEAR

397,534

650,467

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

397,534

650,467

FIXED ASSETS

Tangible assets

7

572,128

572,518

CURRENT ASSETS

Debtors

8

157,075

139,831

Cash at bank and in hand

4,754,193

4,500,306

4,911,268

4,640,137

CREDITORS

Amounts falling due within one year

9

749,907

881,077

NET CURRENT ASSETS

4,161,361

3,759,060

TOTAL ASSETS LESS CURRENT LIABILITIES

4,733,489

4,331,578

PROVISIONS FOR LIABILITIES

11

12,111

7,734

NET ASSETS

4,721,378

4,323,844

RESERVES

Income and expenditure account

12

4,721,378

4,323,844

4,721,378

4,323,844

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2026 and were signed on its behalf by:

Mr G Tate - Director

Retained

Total

earnings

equity

£

£

Balance at 1 January 2024

3,673,377

3,673,377

Changes in equity

Total comprehensive income

650,467

650,467

Balance at 31 December 2024

4,323,844

4,323,844

Changes in equity

Total comprehensive income

397,534

397,534

Balance at 31 December 2025

4,721,378

4,721,378

Cash flows from operating activities

Cash generated from operations

1

494,836

829,083

Tax paid

(223,455

)

(199,545

)

Net cash from operating activities

271,381

629,538

Cash flows from investing activities

Purchase of tangible fixed assets

(46,798

)

(36,242

)

Interest received

29,304

25,150

Net cash from investing activities

(17,494

)

(11,092

)

Increase in cash and cash equivalents

253,887

618,446

Cash and cash equivalents at beginning of year

2

4,500,306

3,881,860

Cash and cash equivalents at end of year

2

4,754,193

4,500,306

1.	RECONCILIATION OF SURPLUS BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.12.25

31.12.24

£

£

Surplus before taxation

534,802

872,082

Depreciation charges

47,187

37,344

Finance income

(29,304

)

(25,150

)

552,685

884,276

Increase in trade and other debtors

(17,244

)

(30,066

)

Decrease in trade and other creditors

(40,605

)

(25,127

)

Cash generated from operations

494,836

829,083

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2025

31.12.25

1.1.25

£

£

Cash and cash equivalents

4,754,193

4,500,306

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

4,500,306

3,881,860

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.25

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank and in hand

4,500,306

253,887

4,754,193

4,500,306

253,887

4,754,193

Total

4,500,306

253,887

4,754,193

1.	STATUTORY INFORMATION

Security Systems And Alarms Inspection Board is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The directors believe that the company is experiencing good levels of sales and profitability, and that it is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover consists of the invoiced value of goods and services supplied. It is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes and is recognised in the accounting period in which the goods and services were supplied.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

33% and 20% on cost

Motor vehicles

-

33% 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3.

TURNOVER

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

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

31.12.25

31.12.24

£

£

Assessment fees

710,214

787,903

Subscriptions

3,710,098

3,299,145

Certificates

964,783

933,691

Other sales

372,729

341,337

5,757,824

5,362,076

An analysis of turnover by geographical market is given below:

31.12.25

31.12.24

£

£

United Kingdom

5,672,048

5,280,865

Europe

85,776

81,211

5,757,824

5,362,076

4.	EMPLOYEES AND DIRECTORS

31.12.25

31.12.24

£

£

Wages and salaries

2,635,659

2,259,281

Social security costs

12,056

10,475

Other pension costs

140,674

117,014

2,788,389

2,386,770

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

31.12.25

31.12.24

Management

9

7

Auditing / Technical

29

27

Administration

18

18

Other

2

2

58

54

31.12.25

31.12.24

£

£

Directors' remuneration

87,975

85,000

5.	OPERATING SURPLUS

The operating surplus is stated after charging/(crediting):

31.12.25

31.12.24

£

£

Depreciation - owned assets

47,188

37,344

Auditors' remuneration

5,595

14,900

Exchange rate variation

(834

)

1,264

Other operating leases

184,686

107,227

6.

TAXATION

Analysis of the tax charge

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

31.12.25

31.12.24

£

£

Current tax:

UK corporation tax

132,890

223,455

Deferred tax

4,378

(1,840

)

Tax on surplus

137,268

221,615

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:

31.12.25

31.12.24

£

£

Surplus before tax

534,802

872,082

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

133,701

218,021

Effects of:

Expenses not deductible for tax purposes

51

79

Capital allowances in excess of depreciation

(862

)

-

Depreciation in excess of capital allowances

-

5,355

Deferred tax movement

4,378

(1,840

)

Total tax charge

137,268

221,615

7.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

703,057

376,146

25,000

1,104,203

Additions

-

46,798

-

46,798

At 31 December 2025

703,057

422,944

25,000

1,151,001

DEPRECIATION

At 1 January 2025

182,795

346,807

2,083

531,685

Charge for year

14,061

24,793

8,334

47,188

At 31 December 2025

196,856

371,600

10,417

578,873

NET BOOK VALUE

At 31 December 2025

506,201

51,344

14,583

572,128

At 31 December 2024

520,262

29,339

22,917

572,518

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

104,828

55,526

Other debtors

52,247

84,305

157,075

139,831

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

160,084

135,899

Tax

132,890

223,455

Social security and other taxes

213,899

204,331

Other creditors

243,034

317,392

749,907

881,077