Company No:
Contents
DIRECTORS | G A Allison |
P J Clark (Appointed 21 September 2023) | |
H J Cooper | |
P M Hay-Plumb OBE | |
A J Parker (Resigned 31 July 2023) | |
D I Wooldridge |
SECRETARY | D I Wooldridge |
REGISTERED OFFICE | 76 Hagley Road |
Edgbaston | |
Birmingham | |
B16 8LU | |
United Kingdom |
COMPANY NUMBER | 03682048 (England and Wales) |
CHARTERED ACCOUNTANTS | Dixon Wilson |
22 Chancery Lane | |
London | |
WC2A 1LS |
BANKERS | Lloyds Bank Plc |
X+why Foundry | |
6 Brindley Place | |
Birmingham | |
B1 2JB | |
United Kingdom |
The directors present their annual report and the unaudited financial statements of the Company for the financial year ended 05 April 2024.
DIRECTORS
The directors, who served during the financial year and to the date of this report except as noted, were as follows:
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(Appointed 21 September 2023) |
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(Resigned 31 July 2023) |
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Approved by the Board of Directors and signed on its behalf by:
D I Wooldridge
Director |
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 at www.icaew.com/regulation.
It is your duty to ensure that Edgbaston Estates 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 Edgbaston Estates Security Limited. You consider that Edgbaston Estates Security Limited is exempt from the statutory audit requirement for the financial year.
We have not been instructed to carry out an audit or a review of the financial statements of Edgbaston Estates 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.
Chartered Accountants
London
WC2A 1LS
Note | 2024 | 2023 | ||
£ | £ | |||
Turnover |
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Cost of sales | (
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Gross profit |
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Administrative expenses | (
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Operating profit |
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Interest receivable and similar income |
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Profit before taxation | 3 |
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Tax on profit | (
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Profit for the financial year |
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Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 4 |
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13,635 | 17,046 | |||
Current assets | ||||
Debtors | 5 |
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Cash at bank and in hand |
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438,103 | 297,862 | |||
Creditors: amounts falling due within one year | 6 | (
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Net current assets | 198,453 | 186,042 | ||
Total assets less current liabilities | 212,088 | 203,088 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Edgbaston Estates Security Limited (registered number:
D I Wooldridge
Director |
Called-up share capital | Profit and loss account | Total | |||
£ | £ | £ | |||
At 06 April 2022 |
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Profit for the financial year |
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Total comprehensive income |
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At 05 April 2023 |
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At 06 April 2023 |
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Profit for the financial year |
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Total comprehensive income |
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At 05 April 2024 |
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The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Edgbaston Estates Security Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 76 Hagley Road, Edgbaston, Birmingham, B16 8LU, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax
Provision is made for deferred tax liabilities in respect of all timing differences arising from the different treatment of items for accounting and taxation purposes without discounting.
Deferred tax assets in respect of such timing differences are recognised to the extent that they are regarded as being, more likely than not, recoverable in the short to medium term, and are not discounted.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Plant and machinery etc. |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Profit before taxation is stated after charging/(crediting):
2024 | 2023 | ||
£ | £ | ||
Depreciation expense |
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Plant and machinery etc. | Total | ||
£ | £ | ||
Cost | |||
At 06 April 2023 |
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At 05 April 2024 |
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Accumulated depreciation | |||
At 06 April 2023 |
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Charge for the financial year |
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At 05 April 2024 |
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Net book value | |||
At 05 April 2024 |
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At 05 April 2023 |
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2024 | 2023 | ||
£ | £ | ||
Trade debtors |
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Deferred tax asset |
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Other taxation and social security |
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Other debtors |
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2024 | 2023 | ||
£ | £ | ||
Trade creditors |
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Accruals and deferred income |
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Other taxation and social security |
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Other creditors |
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Commitments
Total future minimum lease payments under non-cancellable operating leases are as follows:
2024 | 2023 | ||
£ | £ | ||
within one year |
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between one and five years |
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The amount of non-cancellable operating lease payments recognised as an expense during the year was £28,775 (2023 - £44,777).