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Registered number: 01565562
Sentinel Security Limited
Unaudited Financial Statements
For the Period 1 January 2023 to 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 01565562
31 March 2024 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 559,083 650,333
Tangible Assets 5 16,507 24,010
575,590 674,343
CURRENT ASSETS
Stocks 6 - 30,950
Debtors 7 353,458 350,798
Cash at bank and in hand 312,191 137,245
665,649 518,993
Creditors: Amounts Falling Due Within One Year 8 (720,931 ) (669,691 )
NET CURRENT ASSETS (LIABILITIES) (55,282 ) (150,698 )
TOTAL ASSETS LESS CURRENT LIABILITIES 520,308 523,645
Creditors: Amounts Falling Due After More Than One Year 9 (177,708 ) (277,708 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,757 ) (4,041 )
NET ASSETS 339,843 241,896
CAPITAL AND RESERVES
Called up share capital 11 270 240
Income Statement 339,573 241,656
SHAREHOLDERS' FUNDS 339,843 241,896
Page 1
Page 2
For the period 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 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 Income Statement.
On behalf of the board
Mr Lee Oldaker
Director
09/08/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sentinel Security Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01565562 . The registered office is Unit 2 Premier Business Park, Faraday Road, Hereford, HR4 9NZ.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of 10 years.
2.4. 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:
Leasehold 25% Reducing Balance
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.7. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
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 period was: 19 (2022: 16)
19 16
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 730,000
As at 31 March 2024 730,000
Amortisation
As at 1 January 2023 79,667
Provided during the period 91,250
As at 31 March 2024 170,917
Net Book Value
As at 31 March 2024 559,083
As at 1 January 2023 650,333
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 6,898 6,161 71,465 43,189 127,713
As at 31 March 2024 6,898 6,161 71,465 43,189 127,713
Depreciation
As at 1 January 2023 6,525 5,984 50,388 40,806 103,703
Provided during the period 117 55 6,586 745 7,503
As at 31 March 2024 6,642 6,039 56,974 41,551 111,206
Net Book Value
As at 31 March 2024 256 122 14,491 1,638 16,507
As at 1 January 2023 373 177 21,077 2,383 24,010
Page 4
Page 5
6. Stocks
31 March 2024 31 December 2022
£ £
Finished goods - 30,950
7. Debtors
31 March 2024 31 December 2022
£ £
Due within one year
Trade debtors 348,841 344,570
Other debtors 4,587 6,228
Other debtors (1) 30 -
353,458 350,798
8. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 December 2022
£ £
Trade creditors 320,688 191,902
Bank loans and overdrafts 685 -
Other loans 190,000 300,000
Corporation tax 61,083 10,750
Other taxes and social security - 6,728
VAT 81,791 19,788
Other creditors 2,295 1,555
Accruals and deferred income 54,522 23,822
Director's loan account 7,354 10,258
Amounts owed to parent undertaking 2,513 104,888
720,931 669,691
9. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 December 2022
£ £
Net obligations under finance lease and hire purchase contracts 11,041 11,041
Other loans 166,667 266,667
177,708 277,708
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10. Obligations Under Finance Leases and Hire Purchase
31 March 2024 31 December 2022
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 11,041 11,041
11. Share Capital
31 March 2024 31 December 2022
£ £
Allotted, Called up and fully paid 270 240
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