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REGISTERED NUMBER: 08388835 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

SECURE RECOGNITION LIMITED

SECURE RECOGNITION LIMITED (REGISTERED NUMBER: 08388835)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SECURE RECOGNITION LIMITED

COMPANY INFORMATION
for the Year Ended 28 February 2023







DIRECTOR: E Fernandes





REGISTERED OFFICE: Unit 4
GMS House
Boundary Road
Woking
Surrey
GU21 5BX





REGISTERED NUMBER: 08388835 (England and Wales)





ACCOUNTANTS: Pesters
2 Park Court
Pyrford Road
West Byfleet
Surrey
KT14 6SD

SECURE RECOGNITION LIMITED (REGISTERED NUMBER: 08388835)

STATEMENT OF FINANCIAL POSITION
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,750 2,334

CURRENT ASSETS
Stocks 1,653 1,653
Debtors 5 12,761 61,460
Cash at bank 48,932 46,617
63,346 109,730
CREDITORS
Amounts falling due within one year 6 79,004 133,169
NET CURRENT LIABILITIES (15,658 ) (23,439 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(13,908

)

(21,105

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (14,008 ) (21,205 )
SHAREHOLDERS' FUNDS (13,908 ) (21,105 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 23 October 2023 and were signed by:





E Fernandes - Director


SECURE RECOGNITION LIMITED (REGISTERED NUMBER: 08388835)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Secure Recognition 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.

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.

At 28 February 2023 the company's liabilities exceeded its' assets by £13,908. However included within creditors are sums owed to directors totalling £57,637 and the director will continue to provide financial support to the company. The accounts have therefore been prepared on a going concern basis.

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.
Plant and machinery etc - 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.

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 17,477
DEPRECIATION
At 1 March 2022 15,143
Charge for year 584
At 28 February 2023 15,727
NET BOOK VALUE
At 28 February 2023 1,750
At 28 February 2022 2,334

SECURE RECOGNITION LIMITED (REGISTERED NUMBER: 08388835)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 9,714 56,620
Other debtors 3,047 4,840
12,761 61,460

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 7,660 7,285
Taxation and social security 11,632 18,874
Other creditors 59,712 107,010
79,004 133,169

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the Company owed the Director the sum of £57,637 (2022 - £98,510). This amount is interest free and repayable on demand.