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Registered Number: 02866447
England and Wales

 

 

 

KINGFISHER SECURITY (UK) LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Director Ian David Blacker
Registered Number 02866447
Registered Office 2 Riverside Park Industrial Estate
Dogflud Way
Farnham
Surrey
GU9 7UG
Secretary Ian David Blacker
1
Director's report and financial statements
The director presents his annual report and the financial statements for the year ended 31 December 2023.
Principal activities
Principal activity of the company during the financial year was of supply, installation and servicing of Fire Detection and Security Systems.
Director
The director who served the company throughout the year was as follows:
Ian David Blacker

On behalf of the board.


----------------------------------
Ian David Blacker
Director

Date approved: 02 February 2024
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 168,254    113,041 
168,254    113,041 
Current assets      
Stocks 4 113,691    118,100 
Debtors 5 695,876    475,370 
Cash at bank and in hand 60,699    262,355 
870,266    855,825 
Creditors: amount falling due within one year 6 (645,539)   (475,599)
Net current assets 224,727    380,226 
 
Total assets less current liabilities 392,981    493,267 
Provisions for liabilities 7 (21,998)   (10,143)
Net assets 370,983    483,124 
 

Capital and reserves
     
Called up share capital 900    900 
Profit and loss account 370,083    482,224 
Shareholder's funds 370,983    483,124 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 02 February 2024 and were signed by:


-------------------------------
Ian David Blacker
Director
3
General Information
Kingfisher Security (Uk) Limited is a private company, limited by shares, registered in England and Wales, registration number 02866447, registration address 2 Riverside Park Industrial Estate, Dogflud Way, Farnham, Surrey, GU9 7UG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102.1A The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.

Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 33% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 16 (2022 : 17).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 January 2023 59,962    304,284    24,018    388,264 
Additions   98,195    333    98,528 
Disposals   (45,370)     (45,370)
At 31 December 2023 59,962    357,109    24,351    441,422 
Depreciation
At 01 January 2023 50,791    200,775    23,657    275,223 
Charge for year 2,292    35,259    206    37,757 
On disposals   (39,812)     (39,812)
At 31 December 2023 53,083    196,222    23,863    273,168 
Net book values
Closing balance as at 31 December 2023 6,879    160,887    488    168,254 
Opening balance as at 01 January 2023 9,171    103,509    361    113,041 


4.

Stocks

2023
£
  2022
£
Stocks 113,691    118,100 
113,691    118,100 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 530,764    310,078 
Prepayments & Accrued Income 18,611    17,715 
Amounts Recoverable on Contracts 143,551    145,077 
Other Debtors 2,950    2,500 
695,876    475,370 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 71,518    71,468 
Social Security and Other Tax 162,407    116,200 
Accrued Expenses 4,750    4,750 
Other Creditors 271,864    263,181 
Directors' Current Accounts 135,000    20,000 
645,539    475,599 

7.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 21,998    10,143 
21,998    10,143 

8.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2023
£
 2022
£
 2023
£
 2022
£
IBOS Interactive Ltd30,000 32,500 1,920 1,920 

During the financial year under review, there has been an intercompany loan to another limited company under the control of the same director totaling £1,920. During the financial year the company made a sponsorship payment of £30,000 towards the running costs of a powerboat owned by IBOS Interactive Ltd of which the director is also a director and 100% shareholder.
4