Registered number
10894935
Cotswold Security Group Ltd
Filleted Accounts
31 August 2023
Cotswold Security Group Ltd
Registered number: 10894935
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 20,794 25,352
Current assets
Debtors 4 159,515 154,540
Cash at bank and in hand 64,679 62,839
224,194 217,379
Creditors: amounts falling due within one year 5 (173,725) (161,770)
Net current assets 50,469 55,609
Total assets less current liabilities 71,263 80,961
Creditors: amounts falling due after more than one year 6 (32,021) (43,334)
Net assets 39,242 37,627
Capital and reserves
Called up share capital 100 100
Profit and loss account 39,142 37,527
Shareholder's funds 39,242 37,627
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kay Clifton
Director
Approved by the board on 12 January 2024
Cotswold Security Group Ltd
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 19 13
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2022 11,848 31,627 43,475
Additions 2,373 - 2,373
At 31 August 2023 14,221 31,627 45,848
Depreciation
At 1 September 2022 6,119 12,004 18,123
Charge for the year 2,025 4,906 6,931
At 31 August 2023 8,144 16,910 25,054
Net book value
At 31 August 2023 6,077 14,717 20,794
At 31 August 2022 5,729 19,623 25,352
4 Debtors 2023 2022
£ £
Trade debtors 159,515 154,540
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3,333 3,333
Trade creditors 10,087 56,320
Taxation and social security costs 95,097 62,021
Other creditors 65,208 40,096
173,725 161,770
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 32,021 43,334
7 Other information
Cotswold Security Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
De Montfort House
Enterprise Way
Evesham
Worcs
WR11 1GS
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