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REGISTERED NUMBER: 09754583 (England and Wales)









UK PROTECTION LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2021 TO 31 JANUARY 2023






UK PROTECTION LTD (REGISTERED NUMBER: 09754583)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2021 TO 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


UK PROTECTION LTD

COMPANY INFORMATION
FOR THE PERIOD 1 SEPTEMBER 2021 TO 31 JANUARY 2023







DIRECTOR: A P W Fairbanks





REGISTERED OFFICE: Belvedere House
Pynes Hill
EXETER
Devon
EX2 5WS





REGISTERED NUMBER: 09754583 (England and Wales)





ACCOUNTANTS: Mark Holt & Co Limited
Chartered Accountants
7 Sandy Court
Ashleigh Way
Langage Business Park
Plymouth
Devon
PL7 5JX

UK PROTECTION LTD (REGISTERED NUMBER: 09754583)

BALANCE SHEET
31 JANUARY 2023

2023 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 130,472 182,979

CURRENT ASSETS
Debtors 6 3,380,903 2,815,072
Cash at bank 100,361 219,310
3,481,264 3,034,382
CREDITORS
Amounts falling due within one year 7 1,841,929 2,293,748
NET CURRENT ASSETS 1,639,335 740,634
TOTAL ASSETS LESS CURRENT LIABILITIES 1,769,807 923,613

CREDITORS
Amounts falling due after more than one year 8 (1,028,105 ) (350,809 )

PROVISIONS FOR LIABILITIES (33,000 ) (35,000 )
NET ASSETS 708,702 537,804

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 707,702 536,804
SHAREHOLDERS' FUNDS 708,702 537,804

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2023 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 19 October 2023 and were signed by:





A P W Fairbanks - Director


UK PROTECTION LTD (REGISTERED NUMBER: 09754583)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2021 TO 31 JANUARY 2023

1. STATUTORY INFORMATION

Uk Protection Ltd 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned members within the group.

Turnover
Turnover represents revenue earned from the provision of security services. Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

Income received in advance of providing the service is deferred until that service has been provided. Where a service has been provided but it has not been invoiced at the Balance Sheet date, the amount is recognised as accrued income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.


UK PROTECTION LTD (REGISTERED NUMBER: 09754583)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2021 TO 31 JANUARY 2023

3. ACCOUNTING POLICIES - continued
Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated.

Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.

Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

The tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the transaction that resulted in the tax expense (income).

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

At inception the Company assesses agreements that transfer the right to use assets. The assessment considers whether the arrangement is a hire purchase, finance lease or an operating lease based on the substances of the arrangement.

Hire Purchase
Leases of assets that transfer substantially all the risks and rewards of ownership to the Company and allow a nominal fee for purchase at the end of the lease, are classified as hire purchase assets.

Assets held under hire purchase arrangements are recognized initially at the fair value of the leased asset (or, if lower, the present value of minimum lease payments) at the inception of the lease. The corresponding liability to the lessor is included in the statement of financial position as a hire purchase obligation. Lease payments are apportioned between finance charges and reduction of the lease obligation using the effective interest method so as to achieve a constant rate of interest on the remaining balance of the liability. Finance charges are deducted in measuring profit or loss.

Assets held under hire purchase arrangements are included in tangible fixed assets and depreciated over the estimated useful life of the asset. Assets are assessed for impairment at each reporting date.

Operating leases
Leases that do no transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Pension costs and other post-retirement benefits
Short- term employee benefits and contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.

UK PROTECTION LTD (REGISTERED NUMBER: 09754583)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2021 TO 31 JANUARY 2023

3. ACCOUNTING POLICIES - continued

Provisions for liabilities
Provisions are recognised when the Company has a present (legal or constructive) obligation as a result of a past event; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

The amount recognised as a provision is the best estimate of the consideration required to settle the present recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance costs in profit or loss in the period it arises.

The Company recognises a provision for annual leave accrued by employees for services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months, measured at the salary costs payable for the period of absence.

Grant income
Income received in relation to grants are classified either as relating to revenue or to assets.

Grants relating to revenue are recognised in other income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Where a timing difference arises, the income is held on the balance sheet. When received in arrears the expected income is recognises as a debtor so long as the relevant conditions have been satisfied. When received in advance of costs, the income is held as deferred income and systematically released to the profit and loss in the periods the cost is incurred.

Grants relating to assets are recognised initially as deferred income and released to other income on a systematic basis over the expected useful life of the asset.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 12 (2021 - 26 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 September 2021 80,462 117,691 138,984 112,303 449,440
Additions - 34,666 - - 34,666
At 31 January 2023 80,462 152,357 138,984 112,303 484,106
DEPRECIATION
At 1 September 2021 37,291 85,420 82,871 60,879 266,461
Charge for period 11,400 25,948 30,881 18,944 87,173
At 31 January 2023 48,691 111,368 113,752 79,823 353,634
NET BOOK VALUE
At 31 January 2023 31,771 40,989 25,232 32,480 130,472
At 31 August 2021 43,171 32,271 56,113 51,424 182,979

UK PROTECTION LTD (REGISTERED NUMBER: 09754583)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2021 TO 31 JANUARY 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2021
and 31 January 2023 49,990
DEPRECIATION
At 1 September 2021 1,042
Charge for period 17,706
At 31 January 2023 18,748
NET BOOK VALUE
At 31 January 2023 31,242
At 31 August 2021 48,948

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Trade debtors 299,413 75,277
Amounts owed by group undertakings 2,752,762 2,430,185
Other debtors 328,728 309,610
3,380,903 2,815,072

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Bank loans and overdrafts 50,000 33,333
Hire purchase contracts (see note 9) 255,163 31,288
Trade creditors 208,821 133,067
Amounts owed to group undertakings 33,944 -
Taxation and social security 376,074 596,126
Other creditors 917,927 1,499,934
1,841,929 2,293,748

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2021
£    £   
Bank loans 145,833 216,667
Hire purchase contracts (see note 9) 882,272 134,142
1,028,105 350,809

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 16,667

UK PROTECTION LTD (REGISTERED NUMBER: 09754583)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2021 TO 31 JANUARY 2023

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2021
£    £   
Net obligations repayable:
Within one year 255,163 31,288
Between one and five years 882,272 134,142
1,137,435 165,430

Non-cancellable operating leases
2023 2021
£    £   
Within one year 11,398 16,519
Between one and five years 1,513 17,542
12,911 34,061

Leases included above comprise vehicle operating leases.

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2021
£    £   
Hire purchase contracts 1,137,435 165,430

Hire purchase liabilities are secured over the assets which they have financed.

Some of the assets financed have been transferred to other companies within the group, to reflect where the asset is being utilised.

11. RELATED PARTY DISCLOSURES

At the year end there are amounts owed from an associate company totalling £182,666 (2021: £227,509). These amounts are shown within other debtors and are interest free, unsecured and have no set terms of repayment. In addition, there are amounts shown as owed by the same associate within trade debtors totalling £42,877.

The ultimate parent company is Westwoods Holdings Limited, who owns 100% of the share capital in the company.