Company Registration No. 02354211 (England and Wales)
BELGRAVIA SECURITY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
Lawfords Consulting Limited
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
BELGRAVIA SECURITY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
BELGRAVIA SECURITY LIMITED
Company Registration No. 02354211
BALANCE SHEET
AS AT
30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
4
828,290
1,537,190
Cash at bank and in hand
522,097
267,092
1,350,387
1,804,282
Creditors: amounts falling due within one year
5
(370,735)
(773,827)
Net current assets
979,652
1,030,455
Capital and reserves
Called up share capital
112,112
112,112
Profit and loss reserves
867,540
918,343
Total equity
979,652
1,030,455

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 5 February 2024 and are signed on its behalf by:
A Scammell
Director
BELGRAVIA SECURITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -
1
Accounting policies
Company information

Belgravia Security Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Old Rectory, Church Street, Weybridge, Surrey, KT13 8DE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern
The company has made a loss of £50,803 and has net assets of £979,652.

The directors are confident about the company's ability to trade as a going concern and meet its financial obligations. The parent company has confirmed its support for the company for the foreseeable future.  Therefore the company continues to adopt the going concern basis of accounting in the preparing of the annual financial statements.
1.3
Turnover

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

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

BELGRAVIA SECURITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022
2,620
Disposals
(2,620)
At 30 June 2023
-
0
Depreciation and impairment
At 1 July 2022
2,620
Eliminated in respect of disposals
(2,620)
At 30 June 2023
-
0
Carrying amount
At 30 June 2023
-
0
At 30 June 2022
-
0
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
828,000
1,468,001
Corporation tax recoverable
-
0
69,189
Other debtors
290
-
0
828,290
1,537,190
BELGRAVIA SECURITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 4 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
366,235
769,327
Other creditors
4,500
4,500
370,735
773,827
6
Related party transactions

The company has taken advantage of exemption, under the terms of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.

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