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REGISTERED NUMBER: 04935045 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2023

for

KHG Security Limited

KHG Security Limited (Registered number: 04935045)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


KHG Security Limited (Registered number: 04935045)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,000 13,500
Tangible assets 5 1,748 2,969
10,748 16,469

CURRENT ASSETS
Stocks 3,000 4,000
Debtors 6 21,710 34,790
Cash at bank 27,091 65,095
51,801 103,885
CREDITORS
Amounts falling due within one year 7 60,286 71,990
NET CURRENT (LIABILITIES)/ASSETS (8,485 ) 31,895
TOTAL ASSETS LESS CURRENT LIABILITIES 2,263 48,364

PROVISIONS FOR LIABILITIES 437 623
NET ASSETS 1,826 47,741

CAPITAL AND RESERVES
Called up share capital 2 4
Capital redemption reserve 4 2
Retained earnings 1,820 47,735
SHAREHOLDERS' FUNDS 1,826 47,741

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 June 2024 and were signed by:




Mr R Rathbone - Director


KHG Security Limited (Registered number: 04935045)

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

1. STATUTORY INFORMATION

KHG Security Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04935045

Registered office: Ebenezer House
Ryecroft
Newcastle-under-Lyme
Staffordshire
ST5 2BE

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being written off over its estimated useful life of twenty years. The additional goodwill in connection with the acquisition of a business in 2020, is being written off over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

KHG Security Limited (Registered number: 04935045)

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

2. ACCOUNTING POLICIES - continued

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.

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 7 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 75,000
AMORTISATION
At 1 November 2022 61,500
Amortisation for year 4,500
At 31 October 2023 66,000
NET BOOK VALUE
At 31 October 2023 9,000
At 31 October 2022 13,500

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2022 10,563
Additions 707
At 31 October 2023 11,270
DEPRECIATION
At 1 November 2022 7,594
Charge for year 1,928
At 31 October 2023 9,522
NET BOOK VALUE
At 31 October 2023 1,748
At 31 October 2022 2,969

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,652 24,189
Other debtors 8,058 10,601
21,710 34,790

KHG Security Limited (Registered number: 04935045)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 22,676 22,552
Taxation and social security 30,689 36,019
Other creditors 6,921 13,419
60,286 71,990