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Company Registration No. 07128682 (England and Wales)
Expedient Security Limited Unaudited accounts for the year ended 31 January 2023
Expedient Security Limited Unaudited accounts Contents
Page
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Expedient Security Limited Company Information for the year ended 31 January 2023
Directors
P Harris N J Harris
Company Number
07128682 (England and Wales)
Registered Office
The Courtyard 30 Worthing Road Horsham West Sussex RH12 1SL United Kingdom
Accountants
Richard Matthew Accountancy Ltd The Courtyard 30 Worthing Road Horsham West Sussex RH12 1SL
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Expedient Security Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
109,257 
46,059 
Investment property
298,803 
298,803 
408,060 
344,862 
Current assets
Debtors
283,025 
478,203 
Cash at bank and in hand
406,008 
135,268 
689,033 
613,471 
Creditors: amounts falling due within one year
(425,390)
(344,272)
Net current assets
263,643 
269,199 
Net assets
671,703 
614,061 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
671,701 
614,059 
Shareholders' funds
671,703 
614,061 
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2023 and were signed on its behalf by
P Harris Director Company Registration No. 07128682
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Expedient Security Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Expedient Security Limited is a private company, limited by shares, registered in England and Wales, registration number 07128682. The registered office is The Courtyard, 30 Worthing Road, Horsham, West Sussex, RH12 1SL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
30% reducing balance
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Expedient Security Limited Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2022
64,527 
91,019 
26,951 
182,497 
Additions
108,372 
- 
5,352 
113,724 
Disposals
- 
(36,250)
- 
(36,250)
At 31 January 2023
172,899 
54,769 
32,303 
259,971 
Depreciation
At 1 February 2022
46,788 
68,219 
21,431 
136,438 
Charge for the year
31,528 
- 
1,606 
33,134 
On disposals
- 
(18,858)
- 
(18,858)
At 31 January 2023
78,316 
49,361 
23,037 
150,714 
Net book value
At 31 January 2023
94,583 
5,408 
9,266 
109,257 
At 31 January 2022
17,739 
22,800 
5,520 
46,059 
5
Investment property
2023 
£ 
Fair value at 1 February 2022
298,803 
At 31 January 2023
298,803 
The investment property is included on the balance sheet at purchase price in January 2019 together with associated fees. Depreciation is not provided on the investment property as would have usually been expected. The directors consider that the property is held for investment purposes and that annual depreciation would be inappropriate for the accounts to show a true and fair view.
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
283,025 
476,854 
Other debtors
- 
1,349 
283,025 
478,203 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
141,165 
18,068 
Trade creditors
107,252 
195,082 
Taxes and social security
45,124 
66,748 
Loans from directors
5,008 
3,958 
Accruals
126,841 
60,416 
425,390 
344,272 
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Expedient Security Limited Notes to the Accounts for the year ended 31 January 2023
8
Average number of employees
During the year the average number of employees was 102 (2022: 12).
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