Company Registration No. 07513225 (England and Wales)
Security Nation Ltd
Unaudited accounts
for the year ended 29 February 2024
Security Nation Ltd
Unaudited accounts
Contents
Security Nation Ltd
Company Information
for the year ended 29 February 2024
Directors
Marcel Cullers
Dannielle Cullers
Company Number
07513225 (England and Wales)
Registered Office
UNIT 5 LIMEKILN LANE
HOLBURY
SOUTHAMPTON
SO45 2QL
ENGLAND
Accountants
Thyme Accounting Services Limited
Flat 10 Leighton Lodge
15 Branksome Wood Road
Bournemouth
Dorset
BH2 6BX
Security Nation Ltd
Accountants' report
Accountants' report to the board of directors of Security Nation Ltd on the preparation of the unaudited statutory accounts for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Security Nation Ltd for the year ended
29 February 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Security Nation Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Security Nation Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Security Nation Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Security Nation Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Security Nation Ltd. You consider that Security Nation Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Security Nation Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Thyme Accounting Services Limited
Flat 10 Leighton Lodge
15 Branksome Wood Road
Bournemouth
Dorset
BH2 6BX
27 July 2024
Security Nation Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
50,652
47,936
Cash at bank and in hand
224,638
284,181
Creditors: amounts falling due within one year
(276,097)
(266,181)
Net current assets
492,709
365,980
Total assets less current liabilities
543,361
413,916
Creditors: amounts falling due after more than one year
(22,455)
(32,504)
Net assets
520,906
381,412
Called up share capital
100
100
Profit and loss account
520,806
381,312
Shareholders' funds
520,906
381,412
For the year ending 29 February 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 27 July 2024 and were signed on its behalf by
Dannielle Cullers
Director
Company Registration No. 07513225
Security Nation Ltd
Notes to the Accounts
for the year ended 29 February 2024
Security Nation Ltd is a private company, limited by shares, registered in England and Wales, registration number 07513225. The registered office is UNIT 5 LIMEKILN LANE, HOLBURY, SOUTHAMPTON, SO45 2QL, ENGLAND.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% per annum on a reducing balance basis
Motor vehicles
25% per annum on a reducing balance basis
Fixtures & fittings
25% per annum on a reducing balance basis
Computer equipment
25% per annum on a reducing balance basis
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2023
26,782
108,350
20,567
36,107
191,806
Additions
-
18,000
-
1,600
19,600
At 29 February 2024
26,782
126,350
20,567
37,707
211,406
At 1 March 2023
24,339
81,864
15,568
22,099
143,870
Charge for the year
611
11,121
1,250
3,902
16,884
At 29 February 2024
24,950
92,985
16,818
26,001
160,754
At 29 February 2024
1,832
33,365
3,749
11,706
50,652
At 28 February 2023
2,443
26,486
4,999
14,008
47,936
Security Nation Ltd
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
543,120
347,545
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
61,046
97,661
Other creditors
13,014
7,557
Loans from directors
113
-
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 91 (2023: 88).