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REGISTERED NUMBER: 08990149 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

Securex Manufacturing Limited

Securex Manufacturing Limited (Registered number: 08990149)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Securex Manufacturing Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: P P Mulvey





SECRETARY: Mrs M Mulvey





REGISTERED OFFICE: Unit 1 Albert Works
Off Water Street
Radcliffe
Manchester
M26 4DF





REGISTERED NUMBER: 08990149 (England and Wales)





ACCOUNTANTS: Aldred Consultancy
Chartered Management Accountants
27 Palmerston Close
Ramsbottom
Bury
Lancashire
BL0 9YN

Securex Manufacturing Limited

Report of the Accountants to the Director of
Securex Manufacturing Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

This report is made to the Company's Board of Directors, as a body, in accordance with the
terms of our engagement. Our work has been undertaken so that we might compile the financial
statements that we have been engaged to compile, report to the Company's Board of Directors
that we have done so, and state those matters that we have agreed to state to them in this
report and for no other purpose. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the Company and the Company's Board of
Directors, as a body, for our work or for this report.

You have acknowledged on the balance sheet as at 31 July 2023 your duty to ensure that
the company has kept proper accounting records and to prepare financial statements that give a
true and fair view under the Companies Act 2006. You consider that the company is exempt
from the statutory requirement for an audit for the year.






Aldred Consultancy
Chartered Management Accountants
27 Palmerston Close
Ramsbottom
Bury
Lancashire
BL0 9YN


9 November 2023

Securex Manufacturing Limited (Registered number: 08990149)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,560 3,448
1,560 3,448

CURRENT ASSETS
Stocks 125,000 125,000
Debtors 6 138,731 221,475
Prepayments and accrued income 583 810
Cash at bank 31,794 43,607
296,108 390,892
CREDITORS
Amounts falling due within one year 7 323,262 426,939
NET CURRENT LIABILITIES (27,154 ) (36,047 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(25,594

)

(32,599

)

PROVISIONS FOR LIABILITIES 296 655
NET LIABILITIES (25,890 ) (33,254 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (25,990 ) (33,354 )
SHAREHOLDERS' FUNDS (25,890 ) (33,254 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Securex Manufacturing Limited (Registered number: 08990149)

Balance Sheet - continued
31 July 2023


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 November 2023 and were signed by:





P P Mulvey - Director


Securex Manufacturing Limited (Registered number: 08990149)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Securex Manufacturing 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

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.
Plant and machinery etc - 20% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Securex Manufacturing Limited (Registered number: 08990149)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 291,000
AMORTISATION
At 1 August 2022
and 31 July 2023 291,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2022 32,857 9,900 42,757
Additions 6,381 - 6,381
At 31 July 2023 39,238 9,900 49,138
DEPRECIATION
At 1 August 2022 29,830 9,479 39,309
Charge for year 7,848 421 8,269
At 31 July 2023 37,678 9,900 47,578
NET BOOK VALUE
At 31 July 2023 1,560 - 1,560
At 31 July 2022 3,027 421 3,448

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 138,731 221,475

Securex Manufacturing Limited (Registered number: 08990149)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 147,146 191,277
Taxation and social security 1,868 2,057
Other creditors 174,248 233,605
323,262 426,939

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.23 31.7.22
£    £   
Between one and five years 21,666 41,666

9. RELATED PARTY DISCLOSURES

During the period the Company sold goods and services to the value of £1,095,195 (£1,093,567) to a business in which the Director is a partner.
At the balance sheet date £ 138,730 (£221,475) was owed to the Company from a business in which the Director is a partner.