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REGISTERED NUMBER: 02211667 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

SECUREBASE LIMITED

SECUREBASE LIMITED (REGISTERED NUMBER: 02211667)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


SECUREBASE LIMITED

Company Information
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr H Hekmatpanah
Mrs P A Hekmatpanah





REGISTERED OFFICE: 112 High Road
East Finchley
London
N2 9EB





REGISTERED NUMBER: 02211667 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

SECUREBASE LIMITED (REGISTERED NUMBER: 02211667)

Statement of Financial Position
30 JUNE 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 7,190 9,151

CURRENT ASSETS
Inventories 7,430 7,490
Debtors 5 139,636 64,257
Investments 6 32,941 32,941
Cash at bank and in hand 1,197,475 1,179,467
1,377,482 1,284,155
CREDITORS
Amounts falling due within one year 7 (500,954 ) (420,959 )
NET CURRENT ASSETS 876,528 863,196
TOTAL ASSETS LESS CURRENT
LIABILITIES

883,718

872,347

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 882,718 871,347
SHAREHOLDERS' FUNDS 883,718 872,347

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 23 November 2023 and were signed on its behalf by:




Mr H Hekmatpanah - Director


SECUREBASE LIMITED (REGISTERED NUMBER: 02211667)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Securebase 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
Revenue 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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Inventories 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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

SECUREBASE LIMITED (REGISTERED NUMBER: 02211667)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 10 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 July 2022
and 30 June 2023 25,933 88,068 105,471
DEPRECIATION
At 1 July 2022 25,933 88,068 101,432
Charge for year - - 808
At 30 June 2023 25,933 88,068 102,240
NET BOOK VALUE
At 30 June 2023 - - 3,231
At 30 June 2022 - - 4,039

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 7,847 12,095 239,414
DEPRECIATION
At 1 July 2022 5,229 9,601 230,263
Charge for year 654 499 1,961
At 30 June 2023 5,883 10,100 232,224
NET BOOK VALUE
At 30 June 2023 1,964 1,995 7,190
At 30 June 2022 2,618 2,494 9,151

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 137,855 64,257
Other debtors 1,781 -
139,636 64,257

SECUREBASE LIMITED (REGISTERED NUMBER: 02211667)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023


6. CURRENT ASSET INVESTMENTS
30.6.23 30.6.22
£    £   
Unlisted investments 32,941 32,941

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 321,243 220,828
Taxation and social security 10,569 26,231
Other creditors 169,142 173,900
500,954 420,959

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
1,000 Ordinary share £1 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 July 2022 871,347
Profit for the year 15,371
Dividends (4,000 )
At 30 June 2023 882,718

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,000 (2022 - £4,000) were paid to the directors .

Included in the creditors is a balance of £163,971 (2022 :£105,835) owed to the director of the company. This loan is interest free and payable on demand.