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Registration number: 09461386

Raisny Security Solutions Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2018

Clever Accounts Limited
Brookfield Court
Selby Road
Garforth, Leeds
LS25 1NB

 

Raisny Security Solutions Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 8

 

Raisny Security Solutions Ltd

Company Information

Director

Mr Emmanuel Kpodzro

Registered office

20-22 Wenlock Road
London
N1 7GU

Accountants

Clever Accounts Limited
Brookfield Court
Selby Road
Garforth, Leeds
LS25 1NB

 

Raisny Security Solutions Ltd

(Registration number: 09461386)
Balance Sheet as at 28 February 2018

Note

2018
£

2017
£

Fixed assets

 

Tangible assets

3

-

333

Current assets

 

Debtors

4

79,702

31,611

Cash at bank and in hand

 

751

1,096

 

80,453

32,707

Creditors: Amounts falling due within one year

5

(79,263)

(32,323)

Net current assets

 

1,190

384

Net assets

 

1,190

717

Capital and reserves

 

Called up share capital

6

1

1

Profit and loss account

1,189

716

Total equity

 

1,190

717

For the financial year ending 28 February 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

Raisny Security Solutions Ltd

(Registration number: 09461386)
Balance Sheet as at 28 February 2018

Approved and authorised by the director on 27 September 2018
 

.........................................

Mr Emmanuel Kpodzro
Director

 

Raisny Security Solutions Ltd

Notes to the Financial Statements for the Year Ended 28 February 2018

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
20-22 Wenlock Road
London
N1 7GU
England

The principal place of business is:
20-22 Wenlock Road
London
N1 7GU
England

These financial statements were authorised for issue by the director on 27 September 2018.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Raisny Security Solutions Ltd

Notes to the Financial Statements for the Year Ended 28 February 2018

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Straight line method over 3 years at 33%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Raisny Security Solutions Ltd

Notes to the Financial Statements for the Year Ended 28 February 2018

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Raisny Security Solutions Ltd

Notes to the Financial Statements for the Year Ended 28 February 2018

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2017

999

999

At 28 February 2018

999

999

Depreciation

At 1 March 2017

666

666

Charge for the year

333

333

At 28 February 2018

999

999

Carrying amount

At 28 February 2018

-

-

At 28 February 2017

333

333

4

Debtors

2018
£

2017
£

Other debtors

79,702

31,611

79,702

31,611

5

Creditors

Creditors: amounts falling due within one year

2018
£

2017
£

Due within one year

Taxation and social security

30,091

14,275

Other creditors

49,172

18,048

79,263

32,323

6

Share capital

Allotted, called up and fully paid shares

 

Raisny Security Solutions Ltd

Notes to the Financial Statements for the Year Ended 28 February 2018

 

2018

2017

 

No.

£

No.

£

Ordinary GBP of £1 each

1

1

1

1

         

7

Dividends

   

2018

 

2017

   

£

 

£

Interim dividend of £83,148.10 (2017 - £44,817.00) per ordinary share

 

48,268

 

48,817