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REGISTERED NUMBER: 07389856 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Security Roots Ltd

Security Roots Ltd (Registered number: 07389856)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Security Roots Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTOR: D Martin





SECRETARY:





REGISTERED OFFICE: 10 Portfleet Place
De Beauvoir Road
London
N1 5SZ





REGISTERED NUMBER: 07389856 (England and Wales)





ACCOUNTANTS: Death and Taxes Limited
10 Portfleet Place
De Beauvoir Road
London
N1 5SZ

Security Roots Ltd (Registered number: 07389856)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,086 -
Tangible assets 5 1,054 916
16,140 916

CURRENT ASSETS
Debtors 6 925,979 861,002
Investments 7 295,598 74,325
Cash at bank 602,628 768,113
1,824,205 1,703,440
CREDITORS
Amounts falling due within one year 8 1,608,173 1,442,802
NET CURRENT ASSETS 216,032 260,638
TOTAL ASSETS LESS CURRENT
LIABILITIES

232,172

261,554

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 232,072 261,454
SHAREHOLDERS' FUNDS 232,172 261,554

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Security Roots Ltd (Registered number: 07389856)

Balance Sheet - continued
30 September 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 17 April 2024 and were signed by:





D Martin - Director


Security Roots Ltd (Registered number: 07389856)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Security Roots Ltd 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Security Roots Ltd (Registered number: 07389856)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 16,758
At 30 September 2023 16,758
AMORTISATION
Charge for year 1,672
At 30 September 2023 1,672
NET BOOK VALUE
At 30 September 2023 15,086

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 7,440
Additions 1,191
Disposals (958 )
At 30 September 2023 7,673
DEPRECIATION
At 1 October 2022 6,524
Charge for year 1,053
Eliminated on disposal (958 )
At 30 September 2023 6,619
NET BOOK VALUE
At 30 September 2023 1,054
At 30 September 2022 916

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 111,257 48,179
Other debtors 814,722 812,823
925,979 861,002

Security Roots Ltd (Registered number: 07389856)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. CURRENT ASSET INVESTMENTS
30.9.23 30.9.22
£    £   
Listed investments 295,598 74,325

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors (23 ) 415
Taxation and social security 258,596 205,830
Other creditors 1,349,600 1,236,557
1,608,173 1,442,802

9. RELATED PARTY DISCLOSURES

Security Roots Ltd is wholly owned by ETD InfoSec Ltd. In the year to 30 September 2023 the following transactions took place between the company and its parent:

Subcontractor costs; Paid £147,893 for contracted services

Loan interest: Received £8,234 in interest on an intercompany loan (represented in the accounts as Other Debtors). This amount has been excluded from the corporation tax calculation.

Dividends: £898,019 has been paid in dividends to the parent company.