IRIS Accounts Production v24.1.9.2 06385994 director 1.11.22 31.10.23 31.10.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh063859942022-10-31063859942023-10-31063859942022-11-012023-10-31063859942021-10-31063859942021-11-012022-10-31063859942022-10-3106385994ns15:EnglandWales2022-11-012023-10-3106385994ns14:PoundSterling2022-11-012023-10-3106385994ns10:Director12022-11-012023-10-3106385994ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3106385994ns10:SmallEntities2022-11-012023-10-3106385994ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3106385994ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3106385994ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3106385994ns10:AbridgedAccounts2022-11-012023-10-310638599412022-11-012023-10-3106385994ns10:RegisteredOffice2022-11-012023-10-3106385994ns5:CurrentFinancialInstruments2023-10-3106385994ns5:CurrentFinancialInstruments2022-10-3106385994ns5:Non-currentFinancialInstruments2023-10-3106385994ns5:Non-currentFinancialInstruments2022-10-3106385994ns5:ShareCapital2023-10-3106385994ns5:ShareCapital2022-10-3106385994ns5:RetainedEarningsAccumulatedLosses2023-10-3106385994ns5:RetainedEarningsAccumulatedLosses2022-10-3106385994ns5:NetGoodwill2022-11-012023-10-3106385994ns5:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3106385994ns5:PlantMachinery2022-11-012023-10-31
REGISTERED NUMBER: 06385994 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

RADIUS SECURITY LTD

RADIUS SECURITY LTD (REGISTERED NUMBER: 06385994)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


RADIUS SECURITY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: G Hartigan





REGISTERED OFFICE: 207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL





REGISTERED NUMBER: 06385994 (England and Wales)





ACCOUNTANTS: Walker Begley Limited
Chartered Accountants
207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL

RADIUS SECURITY LTD (REGISTERED NUMBER: 06385994)

ABRIDGED BALANCE SHEET
31 OCTOBER 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,095 8,730
4,095 8,730

CURRENT ASSETS
Debtors 698,772 613,002
Cash at bank and in hand 15,423 321,603
714,195 934,605
CREDITORS
Amounts falling due within one year 646,311 863,818
NET CURRENT ASSETS 67,884 70,787
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,979

79,517

CREDITORS
Amounts falling due after more than one
year

20,834

30,833
NET ASSETS 51,145 48,684

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 50,145 47,684
SHAREHOLDERS' FUNDS 51,145 48,684

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.

RADIUS SECURITY LTD (REGISTERED NUMBER: 06385994)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





G Hartigan - Director


RADIUS SECURITY LTD (REGISTERED NUMBER: 06385994)

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

1. STATUTORY INFORMATION

Radius Security Ltd 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 represent net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 50% on cost, 33% on cost and 25% on reducing balance

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
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.

RADIUS SECURITY LTD (REGISTERED NUMBER: 06385994)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 38 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 94,000
AMORTISATION
At 1 November 2022
and 31 October 2023 94,000
NET BOOK VALUE

At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 123,687
DEPRECIATION
At 1 November 2022 114,957
Charge for year 4,635
At 31 October 2023 119,592
NET BOOK VALUE
At 31 October 2023 4,095
At 31 October 2022 8,730

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director has made an unsecured interest free loan available to the company. There are no fixed repayment terms. The balance at the year end was £89,218 (2022: £45,378).

7. RELATED PARTY DISCLOSURES

Included within debtors are balance to related companies, as follows:

Radius Properties Limited - £345,013 (2022 - £81,013)
Radius Care Limited - £42,284 (2022 - £42,616)
Radius Cleaning Limited - £4,908 (2022 - £47,523)
Radius Training Limited - £47 (2022 - £NIL)

These companies are under the common control of the director, G Hartigan.

RADIUS SECURITY LTD (REGISTERED NUMBER: 06385994)

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

8. ULTIMATE CONTROLLING PARTY

The controlling party is G Hartigan.

The ultimate controlling party is G Hartigan.