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Company Registration No. 10175904 (England and Wales)
SECURE IP SOLUTIONS LTD Unaudited accounts for the year ended 31 May 2023
SECURE IP SOLUTIONS LTD Unaudited accounts Contents
Page
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SECURE IP SOLUTIONS LTD Company Information for the year ended 31 May 2023
Director
Mahmood Ali
Company Number
10175904 (England and Wales)
Registered Office
66 Newtown Road Eastleigh Hampshire SO50 9BW
Accountants
Capital Accounting Solutions Limited 1st Floor 277-279 Bethnal Green Road London E2 6AH
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SECURE IP SOLUTIONS LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,081 
8,203 
Current assets
Cash at bank and in hand
14,393 
80,981 
Creditors: amounts falling due within one year
(54,856)
(86,383)
Net current liabilities
(40,463)
(5,402)
Net (liabilities)/assets
(34,382)
2,801 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(34,384)
2,799 
Shareholders' funds
(34,382)
2,801 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 January 2024 and were signed on its behalf by
Mahmood Ali Director Company Registration No. 10175904
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SECURE IP SOLUTIONS LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
SECURE IP SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 10175904. The registered office is 66 Newtown Road, Eastleigh, Hampshire, SO50 9BW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Straight Line
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 June 2022
18,455 
Additions
2,660 
At 31 May 2023
21,115 
Depreciation
At 1 June 2022
10,252 
Charge for the year
4,782 
At 31 May 2023
15,034 
Net book value
At 31 May 2023
6,081 
At 31 May 2022
8,203 
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SECURE IP SOLUTIONS LTD Notes to the Accounts for the year ended 31 May 2023
5
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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