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REGISTERED NUMBER: 02210324 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

SAFEGUARD SECURITY CONSULTANTS LTD

SAFEGUARD SECURITY CONSULTANTS LTD (REGISTERED NUMBER: 02210324)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Balance sheet 1

Notes to the financial statements 2


SAFEGUARD SECURITY CONSULTANTS LTD (REGISTERED NUMBER: 02210324)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 2,366 2,524
2,366 2,524

Current assets
Debtors 6 13,967 15,839
Cash at bank 57,648 43,621
71,615 59,460
Creditors
Amounts falling due within one year 7 23,052 22,287
Net current assets 48,563 37,173
Total assets less current liabilities 50,929 39,697

Provisions for liabilities 8 450 523
Net assets 50,479 39,174

Capital and reserves
Called up share capital 9 100 100
Share premium 1,674 1,674
Retained earnings 48,705 37,400
Shareholders' funds 50,479 39,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 27 September 2023 and were signed on its behalf by:



Mrs S J Cadec - Director


SAFEGUARD SECURITY CONSULTANTS LTD (REGISTERED NUMBER: 02210324)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. Statutory information

Safeguard Security Consultants Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02210324. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is P.O Box 4999, Blandford, Dorset, DT11 9WB.

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 represents amounts receivable, excluding value added tax, for the sale of services provided in the ordinary course of business. Turnover is recognised as soon as the service has been provided to the customer.

Goodwill
Acquired goodwill was written off in equal instalments over its estimated useful economic life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

SAFEGUARD SECURITY CONSULTANTS LTD (REGISTERED NUMBER: 02210324)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


3. Employees and directors

The average number of employees during the year was 4 (2022 - 4 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 June 2022
and 31 May 2023 66,975
Amortisation
At 1 June 2022
and 31 May 2023 66,975
Net book value
At 31 May 2023 -
At 31 May 2022 -

5. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 June 2022 7,579 4,183 11,762
Additions - 732 732
Disposals (5,754 ) - (5,754 )
At 31 May 2023 1,825 4,915 6,740
Depreciation
At 1 June 2022 7,434 1,804 9,238
Charge for year 10 778 788
Eliminated on disposal (5,652 ) - (5,652 )
At 31 May 2023 1,792 2,582 4,374
Net book value
At 31 May 2023 33 2,333 2,366
At 31 May 2022 145 2,379 2,524

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 13,967 15,839

SAFEGUARD SECURITY CONSULTANTS LTD (REGISTERED NUMBER: 02210324)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 6,958 7,500
Tax 4,975 2,561
VAT 9,249 5,742
Accruals and deferred income 1,870 6,484
23,052 22,287

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 450 523

Deferred
tax
£   
Balance at 1 June 2022 523
Provided during year (73 )
Balance at 31 May 2023 450

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. Ultimate controlling party

The company is controlled by the directors who hold 100% of the issued share capital between them.