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REGISTERED NUMBER: 02057095 (England and Wales)
















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

TASK SECURITY LIMITED

TASK SECURITY LIMITED (REGISTERED NUMBER: 02057095)

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


TASK SECURITY LIMITED

COMPANY INFORMATION
For The Year Ended 31 October 2023







DIRECTORS: S A Brown
J Brown
J A Brown





SECRETARY: S A Brown





REGISTERED OFFICE: 1 Locks Court
429 Crofton Road
Locksbottom
Kent
BR6 8NL





REGISTERED NUMBER: 02057095 (England and Wales)





ACCOUNTANTS: Crane & Partners
Chartered Accountants
Leonard House
5 - 7 Newman Road
Bromley
Kent
BR1 1RJ

TASK SECURITY LIMITED (REGISTERED NUMBER: 02057095)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 289,944 292,037
Investments 5 540 540
290,484 292,577

CURRENT ASSETS
Stocks 6,862 7,717
Debtors 6 23,883 49,071
Cash at bank 139,423 202,802
170,168 259,590
CREDITORS
Amounts falling due within one year 7 16,090 37,246
NET CURRENT ASSETS 154,078 222,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

444,562

514,921

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 443,562 513,921
SHAREHOLDERS' FUNDS 444,562 514,921

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 directors acknowledge their 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 Income Statement has not been delivered.

TASK SECURITY LIMITED (REGISTERED NUMBER: 02057095)

BALANCE SHEET - continued
31 October 2023



The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





J Brown - Director


TASK SECURITY LIMITED (REGISTERED NUMBER: 02057095)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2023


1. STATUTORY INFORMATION

Task Security 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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at 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 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.

3. EMPLOYEES AND DIRECTORS

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

TASK SECURITY LIMITED (REGISTERED NUMBER: 02057095)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 350,000 75,536 425,536
DEPRECIATION
At 1 November 2022 58,231 75,268 133,499
Charge for year 2,052 41 2,093
At 31 October 2023 60,283 75,309 135,592
NET BOOK VALUE
At 31 October 2023 289,717 227 289,944
At 31 October 2022 291,769 268 292,037

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 November 2022
and 31 October 2023 540
NET BOOK VALUE
At 31 October 2023 540
At 31 October 2022 540

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 23,883 49,071

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 3,713
Taxation and social security 13,799 29,444
Other creditors 2,291 4,089
16,090 37,246

8. RELATED PARTY DISCLOSURES

By virtue of their shareholding in Selectamark Security Systems Plc, the directors have a material interest in transactions with that company. At the end of the year, Selectamark Security Systems Plc owed the company £5,173 (2022: £49,071).

TASK SECURITY LIMITED (REGISTERED NUMBER: 02057095)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2023


9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs S Brown, a director of Task Security Limited.