SECURE SYSTEMS & TECHNOLOGIES LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In determining that the Company's financial statements should be prepared on a going concern basis, the Directors considered all the factors likely to affect the future development, performance and financial position including funding and the risks and uncertainties applicable to its business and manufacturing activities and assessed the company's forecasts and projections, taking account of reasonably possible changes in trading performance. The Company continues to see government contracts being updated and renewed in line with national defence programmes. The directors considered the Ukraine /Russia conflict and concluded they had a minimal adverse impact on the Company. The company has received confirmation from API Holdings II LLC, the company's intermediate parent company, that financial support will be provided for a period of twelve months from the date of approval of these financial statements such as to enable the company to meet its obligations as they fall due. Having regard to the company's financial position, its forecast and after making enquiries about the parent company's financial position, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of twelve months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the report and financial statements.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +13.7%

  £7,381,071 → £8,391,214

• Cash

  -35.4%

  £1,032,335 → £666,997

• Net assets

  +16.7%

  £2,735,668 → £3,191,637

• Employees

  0%

  43 → 43

• Operating profit

  +197.3%

  £230,375 → £685,012

• Profit before tax

  +197.4%

  £230,363 → £685,012

• Wages

  -0.3%

  £1,617,842 → £1,613,488

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers