Company Registration No. 09465866 (England and Wales)
P C Security Ltd
Unaudited accounts
for the year ended 31 March 2024
P C Security Ltd
Unaudited accounts
Contents
P C Security Ltd
Company Information
for the year ended 31 March 2024
Company Number
09465866 (England and Wales)
Registered Office
56 Mitchells Road
Ryde
Isle of Wight
PO33 3JA
UK
Accountants
Vision Accounting
Fortis House
Cothey Way
Ryde
Isle of Wight
PO33 1QT
P C Security Ltd
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
40,632
92,201
Creditors: amounts falling due within one year
(50,644)
(48,069)
Net current assets
91,489
89,362
Called up share capital
1
1
Profit and loss account
101,488
89,361
Shareholders' funds
101,489
89,362
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 July 2024 and were signed on its behalf by
Peter Cambray
Director
Company Registration No. 09465866
P C Security Ltd
Notes to the Accounts
for the year ended 31 March 2024
P C Security Ltd is a private company, limited by shares, registered in England and Wales, registration number 09465866. The registered office is 56 Mitchells Road, Ryde, Isle of Wight, PO33 3JA, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% Straight Line
4
Tangible fixed assets
Plant & machinery
5
Investments
Subsidiary undertakings
Valuation at 1 April 2023
-
Valuation at 31 March 2024
10,000
Investment held at cost in wholly owned subsidiary - Kenny's Newport Ltd
P C Security Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
18,170
3,735
Amounts due from group undertakings etc.
65,271
-
Accrued income and prepayments
18,060
40,995
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
20,141
15,789
Loans from directors
4,592
2,597
8
Transactions with related parties
P C Security Ltd, being the parent company, has provided a loan to Kenny's Newport Ltd, a wholly owned subsidiary within the group. The terms of the loan are not at arm’s length or on commercial terms.
9
Average number of employees
During the year the average number of employees was 19 (2023: 13).