1 false false false false false false false false false true false false false false false false No description of principal activity 2022-06-01 Sage Accounts Production Advanced 2021 - FRS102_2021 2,738 2,901 5,639 1,100 952 2,052 3,587 1,638 xbrli:pure xbrli:shares iso4217:GBP 11349848 2022-06-01 2023-05-31 11349848 2023-05-31 11349848 2022-05-31 11349848 2021-06-01 2022-05-31 11349848 2022-05-31 11349848 bus:Director1 2022-06-01 2023-05-31 11349848 core:WithinOneYear 2023-05-31 11349848 core:WithinOneYear 2022-05-31 11349848 core:ShareCapital 2023-05-31 11349848 core:ShareCapital 2022-05-31 11349848 core:RetainedEarningsAccumulatedLosses 2023-05-31 11349848 core:RetainedEarningsAccumulatedLosses 2022-05-31 11349848 bus:SmallEntities 2022-06-01 2023-05-31 11349848 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 11349848 bus:FullAccounts 2022-06-01 2023-05-31 11349848 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 11349848 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 11349848 core:OfficeEquipment 2022-06-01 2023-05-31 11349848 core:OfficeEquipment 2022-05-31 11349848 core:OfficeEquipment 2023-05-31
COMPANY REGISTRATION NUMBER: 11349848
Secure Platform Solutions Ltd
Filleted Unaudited Financial Statements
For the period ended
31 May 2023
Secure Platform Solutions Ltd
Balance Sheet
31 May 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
3,587
1,638
Current assets
Debtors
6
892
417
Cash at bank and in hand
46,834
23,937
--------
--------
47,726
24,354
Creditors: amounts falling due within one year
7
31,597
23,203
--------
--------
Net current assets
16,129
1,151
--------
-------
Total assets less current liabilities
19,716
2,789
Provisions
Taxation including deferred tax
897
311
--------
-------
Net assets
18,819
2,478
--------
-------
Capital and reserves
Called up share capital
5
5
Profit and loss account
18,814
2,473
--------
-------
Shareholders funds
18,819
2,478
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Secure Platform Solutions Ltd
Balance Sheet (continued)
31 May 2023
These financial statements were approved by the board of directors and authorised for issue on 21 February 2024 , and are signed on behalf of the board by:
G R Leech
Director
Company registration number: 11349848
Secure Platform Solutions Ltd
Notes to the Financial Statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 25 Ridings Way, Lofthouse Gate, Wakefield, WF3 3SJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements under FRS 102 requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts. These estimates and judgements are continually evaluated and are based on historical experience and other factors including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.
Revenue recognition
Turnover comprises the sales value net of attributable VAT of work done in the period under contracts to supply goods and services to third parties.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% reducing balance
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Equipment
£
Cost
At 1 June 2022
2,738
Additions
2,901
-------
At 31 May 2023
5,639
-------
Depreciation
At 1 June 2022
1,100
Charge for the year
952
-------
At 31 May 2023
2,052
-------
Carrying amount
At 31 May 2023
3,587
-------
At 31 May 2022
1,638
-------
6. Debtors
2023
2022
£
£
Trade debtors
64
417
Other debtors
828
----
----
892
417
----
----
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
324
49
Corporation tax
29,494
19,639
Social security and other taxes
913
2,031
Other creditors
866
1,484
--------
--------
31,597
23,203
--------
--------
8. Director's advances, credits and guarantees
There are no transactions with the director that require disclosure under section 413 of the Companies Act 2006.