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COMPANY REGISTRATION NUMBER: 01255413
CUSTODIAN TOTAL SECURITY SERVICES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 October 2023
CUSTODIAN TOTAL SECURITY SERVICES LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31st OCTOBER 2023
CONTENTS
PAGES
Statement of financial position
1 to 2
Notes to the financial statements
3 to 6
CUSTODIAN TOTAL SECURITY SERVICES LIMITED
STATEMENT OF FINANCIAL POSITION
31 October 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
18,068
3,050
CURRENT ASSETS
Stocks
6
13,867
16,660
Debtors
7
33,072
39,041
Cash at bank and in hand
74,959
104,895
----------
----------
121,898
160,596
CREDITORS: amounts falling due within one year
8
142,503
159,733
----------
----------
NET CURRENT (LIABILITIES)/ASSETS
( 20,605)
863
---------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 2,537)
3,913
-------
-------
NET (LIABILITIES)/ASSETS
( 2,537)
3,913
-------
-------
CAPITAL AND RESERVES
Called up share capital
9
10,000
10,000
Profit and loss account
( 12,537)
( 6,087)
---------
---------
SHAREHOLDERS (DEFICIT)/FUNDS
( 2,537)
3,913
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
CUSTODIAN TOTAL SECURITY SERVICES LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 October 2023
These financial statements were approved by the board of directors and authorised for issue on 19 July 2024 , and are signed on behalf of the board by:
D. R. Nef
Director
Company registration number: 01255413
CUSTODIAN TOTAL SECURITY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31st OCTOBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is East Percy Street, North Shields, Tyne and Wear, NE30 1DT.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The financial statements have been prepared on the going concern basis. The directors consider that this basis is appropriate following due consideration of the present financial position, the expected prospects of the company during the twelve months from the date of approval of these financial statements and the continued support of the company's directors, bankers and other lending agents during this time.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Lease income
Lease income is recognised in the income statement on a straight line basis over the lease term.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment
-
15%/25% straight line
Motor vehicles
-
25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 7 (2022: 8 ).
5. TANGIBLE ASSETS
Fixtures, fittings and equipment
Motor vehicles
Total
£
£
£
Cost
At 1st November 2022
9,516
59,617
69,133
Additions
18,945
18,945
-------
---------
---------
At 31st October 2023
9,516
78,562
88,078
-------
---------
---------
Depreciation
At 1st November 2022
8,898
57,185
66,083
Charge for the year
310
3,617
3,927
-------
---------
---------
At 31st October 2023
9,208
60,802
70,010
-------
---------
---------
Carrying amount
At 31st October 2023
308
17,760
18,068
-------
---------
---------
At 31st October 2022
618
2,432
3,050
-------
---------
---------
6. STOCKS
2023
2022
£
£
Stock
13,867
16,660
---------
---------
7. DEBTORS
2023
2022
£
£
Trade debtors
27,533
35,140
Prepayments
4,505
3,855
Corporation tax repayable
602
46
Other debtors
432
---------
---------
33,072
39,041
---------
---------
8. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
33,968
38,827
Accruals
3,030
2,550
Social security and other taxes
9,527
13,454
Director loan accounts
95,978
104,902
----------
----------
142,503
159,733
----------
----------
9. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2023
2022
No.
£
No.
£
'A' Ordinary shares of £ 1 each
6,000
6,000
6,000
6,000
'B' Ordinary shares of £ 1 each
4,000
4,000
4,000
4,000
---------
---------
---------
---------
10,000
10,000
10,000
10,000
---------
---------
---------
---------
10. RELATED PARTY TRANSACTIONS
No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A small entities.