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Registered number: 08270042
Securodoor Ltd
Financial Statements
For The Year Ended 31 October 2023
ADC Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08270042
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 154 192
154 192
CURRENT ASSETS
Debtors 5 30,800 26,015
30,800 26,015
Creditors: Amounts Falling Due Within One Year 6 (38,899 ) (34,078 )
NET CURRENT ASSETS (LIABILITIES) (8,099 ) (8,063 )
TOTAL ASSETS LESS CURRENT LIABILITIES (7,945 ) (7,871 )
NET LIABILITIES (7,945 ) (7,871 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (7,946 ) (7,872 )
SHAREHOLDERS' FUNDS (7,945) (7,871)
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For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jonathan Kenyon
Director
22/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Securodoor Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08270042 . The registered office is 79 Squires Wood, Fulwood, Preston, PR2 9QA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% Reducing balance
Computer Equipment 25% Reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 502 955 1,457
As at 31 October 2023 502 955 1,457
Depreciation
As at 1 November 2022 402 863 1,265
Provided during the period 15 23 38
As at 31 October 2023 417 886 1,303
Net Book Value
As at 31 October 2023 85 69 154
As at 1 November 2022 100 92 192
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 22,104 12,279
Other debtors 997 997
Other taxes and social security 3,972 7,253
Director's loan account - 1,759
27,073 22,288
Due after more than one year
Corporation tax recoverable assets 3,727 3,727
30,800 26,015
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 19,395 22,520
Corporation tax (9 ) 4,332
VAT 6,825 5,347
Other creditors 547 547
Accruals and deferred income 1,900 1,332
Director's loan account 10,241 -
38,899 34,078
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7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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