Company Registration No. 13459908 (England and Wales)
Core Security Grp Limited
Unaudited accounts
for the year ended 30 June 2023
Core Security Grp Limited
Unaudited accounts
Contents
Core Security Grp Limited
Company Information
for the year ended 30 June 2023
Company Number
13459908 (England and Wales)
Registered Office
Challenge House
616 Mitcham Road
Croydon
Surrey
CR0 3AA
United Kingdom
Core Security Grp Limited
Statement of financial position
as at 30 June 2023
Cash at bank and in hand
183
-
Creditors: amounts falling due within one year
(41,594)
(32,976)
Net current liabilities
(41,299)
(32,832)
Net liabilities
(40,799)
(32,082)
Called up share capital
100
100
Profit and loss account
(40,899)
(32,182)
Shareholders' funds
(40,799)
(32,082)
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 March 2024 and were signed on its behalf by
M Sajid
Director
Company Registration No. 13459908
Core Security Grp Limited
Notes to the Accounts
for the year ended 30 June 2023
Core Security Grp Limited is a private company, limited by shares, registered in England and Wales, registration number 13459908. The registered office is Challenge House , 616 Mitcham Road, Croydon, Surrey, CR0 3AA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Expenditure on research and development is written off in the year in which it is incurred.
Core Security Grp Limited
Notes to the Accounts
for the year ended 30 June 2023
The director believes that with support from the shareholders and creditors continued funding will be provided to support the company and to enable it to meet its day-to-day commitments. As a consequence, the director believes that the company is well placed to manage its business risks successfully. As such, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing the annual report and accounts.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2022
500
500
1,000
At 30 June 2023
500
500
1,000
At 1 July 2022
125
125
250
Charge for the year
125
125
250
At 30 June 2023
250
250
500
At 30 June 2023
250
250
500
At 30 June 2022
375
375
750
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
7,725
Taxes and social security
-
271
Loans from directors
40,295
24,562
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
Included in other creditors is an amount of £40,295 (2022: £24,562) owed to Mr M Sajid, a sole director and majority shareholder of the company.
Core Security Grp Limited
Notes to the Accounts
for the year ended 30 June 2023
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).