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REGISTERED NUMBER: 03305648 (England and Wales)










SHIELD SECURITY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






SHIELD SECURITY LIMITED (REGISTERED NUMBER: 03305648)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

SHIELD SECURITY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: A Evans





REGISTERED OFFICE: Crown House
Mardon Park
Central Avenue
Baglan Energy Park
Port Talbot
SA12 7AX





REGISTERED NUMBER: 03305648 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA

SHIELD SECURITY LIMITED (REGISTERED NUMBER: 03305648)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,080 35,751

CURRENT ASSETS
Debtors 5 207,041 197,656
Cash at bank and in hand 37,805 60,547
244,846 258,203
CREDITORS
Amounts falling due within one year 6 220,354 238,993
NET CURRENT ASSETS 24,492 19,210
TOTAL ASSETS LESS CURRENT LIABILITIES 52,572 54,961

CREDITORS
Amounts falling due after more than one year 7 (47,442 ) (51,605 )

PROVISIONS FOR LIABILITIES (5,505 ) (3,121 )
NET (LIABILITIES)/ASSETS (375 ) 235

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (475 ) 135
(375 ) 235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

SHIELD SECURITY LIMITED (REGISTERED NUMBER: 03305648)

BALANCE SHEET - continued
31 JULY 2023



The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:





A Evans - Director


SHIELD SECURITY LIMITED (REGISTERED NUMBER: 03305648)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Shield 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue to provide services is recognised in the period in which the services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% straight line
Plant and Machinery - 25% straight line and 15% straight line
Fixtures and fittings - 15% straight line
Motor vehicles - 10% on cost

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

SHIELD SECURITY LIMITED (REGISTERED NUMBER: 03305648)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

2. ACCOUNTING POLICIES - continued

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.

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation (legal and constructive) resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 21 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property Machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 August 2022 32,168 34,159 8,215 48,066 122,608
Additions - - 454 8,640 9,094
Disposals - - - (21,554 ) (21,554 )
At 31 July 2023 32,168 34,159 8,669 35,152 110,148
DEPRECIATION
At 1 August 2022 31,801 30,744 7,146 17,166 86,857
Charge for year 73 2,181 301 3,433 5,988
Eliminated on disposal - - - (10,777 ) (10,777 )
At 31 July 2023 31,874 32,925 7,447 9,822 82,068
NET BOOK VALUE
At 31 July 2023 294 1,234 1,222 25,330 28,080
At 31 July 2022 367 3,415 1,069 30,900 35,751

SHIELD SECURITY LIMITED (REGISTERED NUMBER: 03305648)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022
and 31 July 2023 38,453
DEPRECIATION
At 1 August 2022
and 31 July 2023 16,312
NET BOOK VALUE
At 31 July 2023 22,141
At 31 July 2022 22,141

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 173,284 180,043
Amounts owed by group undertakings 31,841 15,860
Other debtors 1,916 1,753
207,041 197,656

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,556 5,556
Hire purchase contracts 4,481 12,411
Trade creditors 13,847 10,266
Taxation and social security 36,842 57,458
Other creditors 159,628 153,302
220,354 238,993

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 32,408 37,964
Hire purchase contracts 15,034 13,641
47,442 51,605

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,185 15,741

SHIELD SECURITY LIMITED (REGISTERED NUMBER: 03305648)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 19,515 26,052

The hire purchase agreements are secured upon the assets to which they relate.

9. ULTIMATE PARENT COMPANY

Crown Group Solutions Limited is considered the ultimate parent company.
Its registered office and principal place of buisness is Crown House, Mardon Park, Central Avenue, Baglan Energy Park, Port Talbot. SA12 7AX.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SHIELD SECURITY LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shield Security Limited for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Shield Security Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shield Security Limited and state those matters that we have agreed to state to the director of Shield Security Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shield Security Limited and its director for our work or for this report.

It is your duty to ensure that Shield Security Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Shield Security Limited. You consider that Shield Security Limited 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 financial statements of Shield Security Limited. 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 financial statements.






Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA


30 July 2024