London Security Automation Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 05529122

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		275,832		281,536

			275,832		281,536
CURRENT ASSETS
Stocks	5	32,640		30,185
Debtors	6	366,450		332,439
Cash at bank and in hand		865,653		708,043

		1,264,743		1,070,667
Creditors: Amounts Falling Due Within One Year	8	(290,290 )		(219,947 )

NET CURRENT ASSETS (LIABILITIES)			974,453		850,720

TOTAL ASSETS LESS CURRENT LIABILITIES			1,250,285		1,132,256

Creditors: Amounts Falling Due After More Than One Year	9		(310,000 )		(347,000 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(28,365 )		(29,409 )

NET ASSETS			911,920		755,847

CAPITAL AND RESERVES
Called up share capital	10		1,691		1,691
Profit and Loss Account			910,229		754,156

SHAREHOLDERS' FUNDS			911,920		755,847

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London Security Automation Limited

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Dean Smith Director	Mr Leigh Pheby Director
24/10/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

London Security Automation Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05529122 . The registered office is Suite 1 Lower Ground Floor, One George Yard, London, EC3V 9DF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	In accordance with the property
Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	33% on cost

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

...CONTINUED

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London Security Automation Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.5. Taxation - continued

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.6. Pensions

For a defined benefit scheme, the liability recorded in the balance sheet is the present value of the defined obligation at that date. The defined benefit obligation is calculated on an annual basis by independent actuaries.

Actuarial gains and losses are recognised in full in the period in which they occur and are shown in Other Comprehensive Income.

Current and past service costs, along with settlements or curtailments, are charged to the Income Statement. Interest on pension plan liabilities are recognised within finance expense.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2024: 11)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 September 2024	191,447	79,830	201,510	88,441
Additions	-	-	43,378	1,349
Disposals	-	-	(28,333 )	-

As at 31 August 2025	191,447	79,830	216,555	89,790

Depreciation
As at 1 September 2024	27,548	69,826	107,428	79,188
Provided during the period	1,529	2,501	31,377	2,650
Disposals	-	-	(16,380 )	-

As at 31 August 2025	29,077	72,327	122,425	81,838

Net Book Value
As at 31 August 2025	162,370	7,503	94,130	7,952

As at 1 September 2024	163,899	10,004	94,082	9,253


	Computer Equipment	Total
	£	£
Cost
As at 1 September 2024	52,178	613,406
Additions	3,396	48,123
Disposals	-	(28,333 )

As at 31 August 2025	55,574	633,196

...CONTINUED

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London Security Automation Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Depreciation
As at 1 September 2024	47,880	331,870
Provided during the period	3,817	41,874
Disposals	-	(16,380 )

As at 31 August 2025	51,697	357,364

Net Book Value
As at 31 August 2025	3,877	275,832

As at 1 September 2024	4,298	281,536

5. Stocks

	2025	2024
	£	£
Stock	32,640	30,185

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	238,857	203,673
Prepayments and accrued income	127,593	128,766

	366,450	332,439

7. Current Asset Investments

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	66,830	41,696
Corporation tax	82,791	47,807
Other taxes and social security	8,002	5,476
VAT	77,454	79,841
Other creditors (1)	6,563	13,449
Other creditors (2)	1,167	996
Accruals and deferred income	7,483	2,682
Directors' loan accounts	40,000	28,000

	290,290	219,947

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other creditors	310,000	347,000

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,691	1,691

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London Security Automation Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

11. Pension Commitments

The company has agreed to fund a defined benefit scheme in respect of key employees. The most recent actuarial valuation of the obligations of £310,000 (2024 - £347,000) was on 31 August 2025. During the year the expense incurred was £17,000 (2024 - £17,000).

The principal assumptions used are:

Discount rate - 6.2%
Inflation RPI - 3.0%
Inflation CPI - 2.0%
Pre and post-retirement mortality - S4PMA tables with improvements in the CMI 2023 model and a long term rate of improvement of 1%

2025

Present value of defined benefit obligations £310,000 (2024 - £347,000)

Fair value of scheme assets £0 (2024 - £0)

Liability recognised in the balance sheet £310,000 (2024 - £347,000)

Movements in the present value of the defined benefit obligations were as follows:

2025

At the beginning of the year £347,000

Current service cost £0

Interest cost £17,000

Actuarial gains (£54,000)

At the end of the year £310,000

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