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REGISTERED NUMBER: 06589257 (England and Wales)















SRG SECURITY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






SRG SECURITY LTD (REGISTERED NUMBER: 06589257)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SRG SECURITY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: N Burns
M Pask





SECRETARY: M Pask





REGISTERED OFFICE: Suite 28
8 Shepherd Market
Mayfair
London
W1J 7JY





REGISTERED NUMBER: 06589257 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

SRG SECURITY LTD (REGISTERED NUMBER: 06589257)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 46,531 32,985

CURRENT ASSETS
Debtors 5 603,191 484,332
Cash at bank and in hand 167,984 235,677
771,175 720,009
CREDITORS
Amounts falling due within one year 6 (813,852 ) (900,556 )
NET CURRENT LIABILITIES (42,677 ) (180,547 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,854

(147,562

)

CREDITORS
Amounts falling due after more than one
year

7

-

(5,094

)
NET ASSETS/(LIABILITIES) 3,854 (152,656 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,754 (152,756 )
3,854 (152,656 )

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.

SRG SECURITY LTD (REGISTERED NUMBER: 06589257)

BALANCE SHEET - continued
31 MAY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2023 and were signed on its behalf by:




N Burns - Director



M Pask - Director


SRG SECURITY LTD (REGISTERED NUMBER: 06589257)

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

1. STATUTORY INFORMATION

SRG Security 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.

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.

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

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.

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 60 (2022 - 60 ) .

SRG SECURITY LTD (REGISTERED NUMBER: 06589257)

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

4. TANGIBLE FIXED ASSETS
Plant and Fixture & Motor
machinery Fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2022 26,289 41,672 47,339 115,300
Additions 215 2,062 23,950 26,227
At 31 May 2023 26,504 43,734 71,289 141,527
DEPRECIATION
At 1 June 2022 19,752 29,068 33,495 82,315
Charge for year 1,013 2,220 9,448 12,681
At 31 May 2023 20,765 31,288 42,943 94,996
NET BOOK VALUE
At 31 May 2023 5,739 12,446 28,346 46,531
At 31 May 2022 6,537 12,604 13,844 32,985

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 176,530 382,730
Other debtors 426,661 101,602
603,191 484,332

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 5,390
Trade creditors 174,490 149,310
Taxation and social security 394,896 320,544
Other creditors 244,466 425,312
813,852 900,556

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts - 5,094