IRIS Accounts Production v22.2.0.402 10529897 director 1.1.21 31.12.21 31.12.21 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure105298972020-12-31105298972021-12-31105298972021-01-012021-12-31105298972019-12-31105298972020-01-012020-12-31105298972020-12-3110529897ns16:EnglandWales2021-01-012021-12-3110529897ns15:PoundSterling2021-01-012021-12-3110529897ns11:Director12021-01-012021-12-3110529897ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3110529897ns11:SmallEntities2021-01-012021-12-3110529897ns11:AuditExempt-NoAccountantsReport2021-01-012021-12-3110529897ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-3110529897ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-3110529897ns11:FullAccounts2021-01-012021-12-3110529897ns11:OrdinaryShareClass12021-01-012021-12-3110529897ns11:RegisteredOffice2021-01-012021-12-3110529897ns6:CurrentFinancialInstruments2021-12-3110529897ns6:CurrentFinancialInstruments2020-12-3110529897ns6:ShareCapital2021-12-3110529897ns6:ShareCapital2020-12-3110529897ns6:RetainedEarningsAccumulatedLosses2021-12-3110529897ns6:RetainedEarningsAccumulatedLosses2020-12-3110529897ns11:OrdinaryShareClass12021-12-3110529897ns6:RetainedEarningsAccumulatedLosses2020-12-3110529897ns6:RetainedEarningsAccumulatedLosses2021-01-012021-12-31
REGISTERED NUMBER: 10529897 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

VICTORY SECURITY GROUP LIMITED

VICTORY SECURITY GROUP LIMITED (REGISTERED NUMBER: 10529897)






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


VICTORY SECURITY GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: J K Kissiedu





REGISTERED OFFICE: Room 73 Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR





REGISTERED NUMBER: 10529897 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

VICTORY SECURITY GROUP LIMITED (REGISTERED NUMBER: 10529897)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £   
CURRENT ASSETS
Debtors 4 5,773 3,053
Cash at bank 9,100 2,739
14,873 5,792
CREDITORS
Amounts falling due within one year 5 19,523 9,574
NET CURRENT LIABILITIES (4,650 ) (3,782 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,650

)

(3,782

)

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Retained earnings 7 (5,650 ) (4,782 )
SHAREHOLDERS' FUNDS (4,650 ) (3,782 )

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2022 and were signed by:




J K Kissiedu - Director


VICTORY SECURITY GROUP LIMITED (REGISTERED NUMBER: 10529897)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Victory Security Group 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.

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

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.

Coronavirus job retention scheme
The Coronavirus Job Retention Scheme (CJRS) is a government wage support measure. It is designed to protect jobs in the wake of the economic impacts of the COVID-19 pandemic, and to support employers to continue paying wages. The CJRS allows employers to reclaim up to 80% of the wage costs of 'furloughed employees,' being those directly impacted by the pandemic, up to a cap of £2,500 per month per employee.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 1 ) .

VICTORY SECURITY GROUP LIMITED (REGISTERED NUMBER: 10529897)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 5,773 3,053

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 2,202 -
Director's loan account 61 8,314
Accruals and deferred income 17,260 1,260
19,523 9,574

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
1,000 Ordinary £1 1,000 1,000

7. RESERVES
Retained
earnings
£   

At 1 January 2021 (4,782 )
Profit for the year 1,132
Dividends (2,000 )
At 31 December 2021 (5,650 )

8. RELATED PARTY DISCLOSURES

At 31st December 2021 an amount of £61 (2020: £8,314) was due from the company to J K Kissiedu,
director. The loan is interest free (2020: £Nil). No set repayment terms are in place.