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REGISTERED NUMBER: 05329450 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Goldeneye Security Ltd.

Goldeneye Security Ltd. (Registered number: 05329450)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Goldeneye Security Ltd. (Registered number: 05329450)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,709 9,736

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 93,182 65,688
Cash at bank 23,527 36,332
117,709 103,020
CREDITORS
Amounts falling due within one year 6 56,756 51,023
NET CURRENT ASSETS 60,953 51,997
TOTAL ASSETS LESS CURRENT LIABILITIES 70,662 61,733

CREDITORS
Amounts falling due after more than one
year

7

(370

)

(1,690

)

PROVISIONS FOR LIABILITIES (2,032 ) (1,850 )
NET ASSETS 68,260 58,193

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 68,160 58,093
SHAREHOLDERS' FUNDS 68,260 58,193

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

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

Goldeneye Security Ltd. (Registered number: 05329450)

Balance Sheet - continued
31 August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2023 and were signed on its behalf by:




Mr D Hart - Director



Mrs J L Hart - Director


Goldeneye Security Ltd. (Registered number: 05329450)

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

1. STATUTORY INFORMATION

Goldeneye Security Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05329450

Registered office: Springfields
Newcastle Road
Congleton
Cheshire
CW12 4HS

The presentation currency of the financial statements is the Pound Sterling (£).


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 net invoiced sales of goods and services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer and office equipment - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Goldeneye Security Ltd. (Registered number: 05329450)

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

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
Fixtures and
Plant and and Motor office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 12,759 2,652 4,500 11,777 31,688
Additions 250 - - 2,032 2,282
At 31 August 2023 13,009 2,652 4,500 13,809 33,970
DEPRECIATION
At 1 September 2022 6,724 1,989 3,699 9,540 21,952
Charge for year 943 99 200 1,067 2,309
At 31 August 2023 7,667 2,088 3,899 10,607 24,261
NET BOOK VALUE
At 31 August 2023 5,342 564 601 3,202 9,709
At 31 August 2022 6,035 663 801 2,237 9,736

Goldeneye Security Ltd. (Registered number: 05329450)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 September 2022
and 31 August 2023 7,500
DEPRECIATION
At 1 September 2022 2,894
Charge for year 691
At 31 August 2023 3,585
NET BOOK VALUE
At 31 August 2023 3,915
At 31 August 2022 4,606

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 56,754 29,266
Other debtors 36,428 36,422
93,182 65,688

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 1,320 1,320
Trade creditors 594 -
Taxation and social security 15,909 14,412
Other creditors 38,933 35,291
56,756 51,023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 370 1,690

Goldeneye Security Ltd. (Registered number: 05329450)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 1,690 3,010

The hire purchase is secured against the asset to which it relates.