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REGISTERED NUMBER: 09347284 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2021

for

GDC Security Limited

GDC Security Limited (Registered number: 09347284)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GDC Security Limited

Company Information
for the Year Ended 31 December 2021







DIRECTOR: J Robey





REGISTERED OFFICE: 4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX





REGISTERED NUMBER: 09347284 (England and Wales)





ACCOUNTANTS: Bristow Burrell
4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX

GDC Security Limited (Registered number: 09347284)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 15,714 15,077

CURRENT ASSETS
Debtors 6 3,853 1,776
Cash at bank 50 6,063
3,903 7,839
CREDITORS
Amounts falling due within one
year

7

14,617

8,671
NET CURRENT LIABILITIES (10,714 ) (832 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,000

14,245

CREDITORS
Amounts falling due after more
than one year

8

41,291

45,000
NET LIABILITIES (36,291 ) (30,755 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (36,391 ) (30,855 )
SHAREHOLDERS' FUNDS (36,291 ) (30,755 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 August 2022 and were signed by:





J Robey - Director


GDC Security Limited (Registered number: 09347284)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

GDC Security 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

GDC Security Limited (Registered number: 09347284)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2021 1,198 2,501 18,745 7,984 30,428
Additions - - 11,990 251 12,241
Disposals - - (10,495 ) - (10,495 )
At 31 December 2021 1,198 2,501 20,240 8,235 32,174
DEPRECIATION
At 1 January 2021 1,198 2,501 4,056 7,596 15,351
Charge for year - - 3,458 225 3,683
Eliminated on disposal - - (2,574 ) - (2,574 )
At 31 December 2021 1,198 2,501 4,940 7,821 16,460
NET BOOK VALUE
At 31 December 2021 - - 15,300 414 15,714
At 31 December 2020 - - 14,689 388 15,077

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 366 1,776
Other debtors 3,487 -
3,853 1,776

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 10,381 5,000
Hire purchase contracts 1,090 -
Trade creditors 1,706 2,585
Taxation and social security - (2,522 )
Other creditors 1,440 3,608
14,617 8,671

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans 35,393 45,000
Hire purchase contracts 5,898 -
41,291 45,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 5,000

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary 1 100 100

GDC Security Limited (Registered number: 09347284)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J Robey by virtue of his 100% interest in the ordinary share capital of the company.