IRIS Accounts Production v24.1.0.578 02975037 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh029750372022-10-31029750372023-10-31029750372022-11-012023-10-31029750372021-10-31029750372021-11-012022-10-31029750372022-10-3102975037ns15:EnglandWales2022-11-012023-10-3102975037ns14:PoundSterling2022-11-012023-10-3102975037ns10:Director12022-11-012023-10-3102975037ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3102975037ns10:SmallEntities2022-11-012023-10-3102975037ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3102975037ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3102975037ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3102975037ns10:AbridgedAccounts2022-11-012023-10-310297503712022-11-012023-10-3102975037ns10:Director22022-11-012023-10-3102975037ns10:CompanySecretary12022-11-012023-10-3102975037ns10:RegisteredOffice2022-11-012023-10-3102975037ns5:CurrentFinancialInstruments2023-10-3102975037ns5:CurrentFinancialInstruments2022-10-3102975037ns5:Non-currentFinancialInstruments2023-10-3102975037ns5:Non-currentFinancialInstruments2022-10-3102975037ns5:ShareCapital2023-10-3102975037ns5:ShareCapital2022-10-3102975037ns5:RetainedEarningsAccumulatedLosses2023-10-3102975037ns5:RetainedEarningsAccumulatedLosses2022-10-3102975037ns5:NetGoodwill2022-11-012023-10-3102975037ns5:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3102975037ns5:Secured2023-10-3102975037ns5:Secured2022-10-31029750371ns10:Director12022-10-31029750371ns10:Director12021-10-31029750371ns10:Director12022-11-012023-10-31029750371ns10:Director12021-11-012022-10-31029750371ns10:Director12023-10-31029750371ns10:Director12022-10-3102975037ns10:Director222022-10-3102975037ns10:Director222021-10-3102975037ns10:Director222022-11-012023-10-3102975037ns10:Director222021-11-012022-10-3102975037ns10:Director222023-10-3102975037ns10:Director222022-10-31
REGISTERED NUMBER: 02975037 (England and Wales)













Financial Statements

for the Year Ended 31 October 2023

for

Static Security Services Limited

Static Security Services Limited (Registered number: 02975037)






Contents of the Financial Statements
for the year ended 31 October 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Static Security Services Limited

Company Information
for the year ended 31 October 2023







DIRECTORS: P I Cook
N E Cook





SECRETARY: N E Cook





REGISTERED OFFICE: Greetwell Place
2 Limekiln Way
LINCOLN
LN2 4US





REGISTERED NUMBER: 02975037 (England and Wales)





ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN

Static Security Services Limited (Registered number: 02975037)

Abridged Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 5,700
Tangible assets 5 32,062 48,665
32,062 54,365

CURRENT ASSETS
Debtors 264,146 227,377
Cash at bank and in hand 99,288 88,999
363,434 316,376
CREDITORS
Amounts falling due within one year 355,517 294,631
NET CURRENT ASSETS 7,917 21,745
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,979

76,110

CREDITORS
Amounts falling due after more than
one year

(29,305

)

(57,609

)

PROVISIONS FOR LIABILITIES (6,092 ) (9,246 )
NET ASSETS 4,582 9,255

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 4,578 9,251
4,582 9,255

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Static Security Services Limited (Registered number: 02975037)

Abridged Balance Sheet - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 April 2024 and were signed on its behalf by:





P I Cook - Director


Static Security Services Limited (Registered number: 02975037)

Notes to the Financial Statements
for the year ended 31 October 2023

1. STATUTORY INFORMATION

Static Security Services 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of eight years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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:

Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Motor Vehicles over 5 years

Static Security Services Limited (Registered number: 02975037)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised costs. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments and are measured at amortised costs. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Static Security Services Limited (Registered number: 02975037)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Debtors
The company assigns its trade debts to a factor and receives payments from the factor in respect of the assigned debts but retains all significant risks. Trade debtors and amounts received from the factor are separately disclosed in debtors respectively. All interest and factoring costs are charged to income as they accrue.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 60,000
AMORTISATION
At 1 November 2022 54,300
Amortisation for year 5,700
At 31 October 2023 60,000
NET BOOK VALUE

At 31 October 2023 -
At 31 October 2022 5,700

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022 96,706
Additions 1,164
At 31 October 2023 97,870
DEPRECIATION
At 1 November 2022 48,041
Charge for year 17,767
At 31 October 2023 65,808
NET BOOK VALUE
At 31 October 2023 32,062
At 31 October 2022 48,665

Static Security Services Limited (Registered number: 02975037)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 32,383 50,935
Other Creditors 206,968 -
239,351 50,935

The secured debts of £200,282 (2022: £167,312) relate to the factoring of sales invoices and are secured on the book debts of the company.

Hire purchase contracts are secured against the assets held.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
P I Cook
Balance outstanding at start of year 151 151
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 151 151

N E Cook
Balance outstanding at start of year 1,038 38
Amounts advanced - 1,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,038 1,038

The loan to directors is unsecured and interest free.