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REGISTERED NUMBER: 07048512 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

South West Security Services Limited

South West Security Services Limited (Registered number: 07048512)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


South West Security Services Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr R Jones





REGISTERED OFFICE: Shepherds Hay
Christon Road
Loxton
Somerset
BS26 2XG





REGISTERED NUMBER: 07048512 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

South West Security Services Limited (Registered number: 07048512)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 175,665 225,886

CURRENT ASSETS
Debtors 5 162,578 425,742
Cash at bank 60,589 57,050
223,167 482,792
CREDITORS
Amounts falling due within one year 6 158,135 305,491
NET CURRENT ASSETS 65,032 177,301
TOTAL ASSETS LESS CURRENT
LIABILITIES

240,697

403,187

CREDITORS
Amounts falling due after more than one
year

7

(14,206

)

(30,394

)

PROVISIONS FOR LIABILITIES 9 (33,376 ) (35,133 )
NET ASSETS 193,115 337,660

CAPITAL AND RESERVES
Called up share capital 10 4 4
Retained earnings 11 193,111 337,656
SHAREHOLDERS' FUNDS 193,115 337,660

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 director acknowledges his 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.

South West Security Services Limited (Registered number: 07048512)

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 April 2024 and were signed by:





Mr R Jones - Director


South West Security Services Limited (Registered number: 07048512)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

South West 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

South West Security Services Limited (Registered number: 07048512)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 28 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 66,417 358,042 6,559 431,018
Additions 5,000 12,216 - 17,216
Disposals - (47,306 ) - (47,306 )
At 31 October 2023 71,417 322,952 6,559 400,928
DEPRECIATION
At 1 November 2022 39,445 164,047 1,640 205,132
Charge for year 7,055 51,553 1,640 60,248
Eliminated on disposal - (40,117 ) - (40,117 )
At 31 October 2023 46,500 175,483 3,280 225,263
NET BOOK VALUE
At 31 October 2023 24,917 147,469 3,279 175,665
At 31 October 2022 26,972 193,995 4,919 225,886

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022
and 31 October 2023 91,859
DEPRECIATION
At 1 November 2022 53,106
Charge for year 9,688
At 31 October 2023 62,794
NET BOOK VALUE
At 31 October 2023 29,065
At 31 October 2022 38,753

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 162,578 425,742

South West Security Services Limited (Registered number: 07048512)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 16,189 14,598
Trade creditors 13,616 94,296
Social security and other taxes 7,471 18,827
VAT 99,372 152,920
Net wages control 12,509 14,338
Pensions control 1,337 2,426
Directors' current accounts 3,641 3,586
Accrued expenses 4,000 4,500
158,135 305,491

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 14,206 30,394

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Hire purchase contracts 30,395 44,992

The hire purchase contracts are secured upon the assets to which they relate.

9. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax 33,376 35,133

Deferred
tax
£   
Balance at 1 November 2022 35,133
Credit to Income Statement during year (1,757 )
Balance at 31 October 2023 33,376

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
4 Ordinary £1 4 4

South West Security Services Limited (Registered number: 07048512)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

11. RESERVES
Retained
earnings
£   

At 1 November 2022 337,656
Deficit for the year (140,545 )
Dividends (4,000 )
At 31 October 2023 193,111

12. RELATED PARTY DISCLOSURES

During the year the director, Mr R Jones, made net deposits to his account of £55. The balance on his account at 31 October 2023 was £3,641 in credit (2022 - £3,586).

Also during the year, Mr Jones received dividends from the company of £2,000 (2022 - £6,000).

13. ULTIMATE CONTROLLING PARTY

The director acknowledges that there is no ultimate controlling party as no individual holds a majority of the company's issued share capital.