REGISTERED NUMBER: 08857422 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

SECURITY MANAGEMENT INSTALLATIONS

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

7

DIRECTOR:

Mr J J Bingham

REGISTERED OFFICE:

10 St Ann Street

Salisbury

Wiltshire

SP1 2DN

REGISTERED NUMBER:

08857422 (England and Wales)

ACCOUNTANTS:

Rothmans LLP

Chartered Accountants

Ground Floor

Unit 6 Pullman Business Park

Bridge House, Pullman Way

Ringwood

Hampshire

BH24 1EX

FIXED ASSETS

Tangible assets

4

56,870

43,867

CURRENT ASSETS

Debtors

5

467,836

334,374

Cash at bank

35,300

121,131

503,136

455,505

CREDITORS

Amounts falling due within one year

6

262,607

188,235

NET CURRENT ASSETS

240,529

267,270

TOTAL ASSETS LESS CURRENT LIABILITIES

297,399

311,137

CREDITORS

Amounts falling due after more than one year

7

(861

)

(15,845

)

PROVISIONS FOR LIABILITIES

(35,246

)

(22,125

)

NET ASSETS

261,292

273,167

CAPITAL AND RESERVES

Called up share capital

113

113

Share premium

983

983

Retained earnings

260,196

272,071

SHAREHOLDERS' FUNDS

261,292

273,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2026 and were signed by:

Mr J J Bingham - Director

1.	STATUTORY INFORMATION

Security Management Installations Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable for the provision of fencing work.

Revenue for the provision of services is recognised when the client approve the services at which time the risks and rewards associated with the services pass to the client

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors

Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Cash and cash equivalents

These comprise cash at bank and other short-term highly liquid bank deposits.

Creditors

Creditors are not interest bearing and are stated at their nominal value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2025

17,554

63,745

4,157

85,456

Additions

4,525

17,100

5,038

26,663

At 31 January 2026

22,079

80,845

9,195

112,119

DEPRECIATION

At 1 February 2025

14,156

25,322

2,111

41,589

Charge for year

1,474

11,011

1,175

13,660

At 31 January 2026

15,630

36,333

3,286

55,249

NET BOOK VALUE

At 31 January 2026

6,449

44,512

5,909

56,870

At 31 January 2025

3,398

38,423

2,046

43,867

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 February 2025

and 31 January 2026

50,695

DEPRECIATION

At 1 February 2025

22,059

Charge for year

7,159

At 31 January 2026

29,218

NET BOOK VALUE

At 31 January 2026

21,477

At 31 January 2025

28,636

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

326,316

137,063

Amounts recoverable on contract

120,272

159,857

Other debtors

7,839

2,969

Tax

-

13,083

VAT

590

17,268

Prepayments

12,819

4,134

467,836

334,374

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

4,666

8,000

Hire purchase contracts (see note 8)

10,318

10,318

Trade creditors

158,787

73,930

Tax

61,246

90,957

Social security and other taxes

15,014

-

Other creditors

8,324

835

Directors' current accounts

134

425

Accrued expenses

4,118

3,770

262,607

188,235

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

-

4,666

Hire purchase contracts (see note 8)

861

11,179

861

15,845

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

10,318

10,318

Between one and five years

861

11,179

11,179

21,497

Non-cancellable

operating leases

2026

2025

£

£

Within one year

7,022

8,546

Between one and five years

18,725

-

25,747

8,546

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to the director subsisted during the years ended 31 January 2026 and

31 January 2025:

2026

2025

£

£

Balance outstanding at the start of the year

-

-

Amounts advanced

(18,165

)

(10,124

)

Amount repaid

18,165

10,124

Balance outstanding at the end of the year

-

-

The loans were repayable on demand and subject to interest at commercial rates.

10.	SHARE-BASED PAYMENT TRANSACTIONS

Enterprise Management Incentive (EMI) Employee Share Option Scheme

Key employees participate in the Enterprise Management Incentive employee share option scheme which provides the employees the right to purchase shares.

The options are granted with an exercise price of £76.64. Vesting of the options is subject to the employee continuing to work for the company for at least 25 hours a week or 75% of their working time.

The company is unable to directly measured the fair value of employee services rendered. The fair value of the share options are therefore measured at the market value of the shares.

Share Option Movements during the years ended 31 January 2026 and 31 January 2025.

Number

Weighted average exercise price

£

Outstanding and exercisable at 31.01.25

20

76.64

Outstanding and exercisable at 31.01.26

20

76.64

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Security Management Installations Limited for the year ended 31 January 2026 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Security Management Installations Limited in accordance with the terms of our engagement letter dated 16 October 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Security Management Installations Limited and state those matters that we have agreed to state to the director of Security Management Installations Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Security Management Installations Limited and its director for our work or for this report.

It is your duty to ensure that Security Management Installations Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Security Management Installations Limited. You consider that Security Management Installations Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Security Management Installations Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothmans LLP

Chartered Accountants

Ground Floor

Unit 6 Pullman Business Park

Bridge House, Pullman Way

Ringwood

Hampshire

BH24 1EX

30 October 2026