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REGISTERED NUMBER: 05668775 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

I2 SECURITY LIMITED

I2 SECURITY LIMITED (REGISTERED NUMBER: 05668775)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


I2 SECURITY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: A K Beesley





REGISTERED OFFICE: Unit C7
New Yatt Business Centre
New Yatt
Witney
Oxfordshire
OX29 6TJ





REGISTERED NUMBER: 05668775 (England and Wales)





ACCOUNTANTS: Jamesons Limited
Jamesons House
Compton Way
Witney
OX28 3AB

I2 SECURITY LIMITED (REGISTERED NUMBER: 05668775)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 108,922 49,997

CURRENT ASSETS
Stocks 16,416 30,593
Debtors 5 373,431 374,285
Cash at bank 163,458 155,839
553,305 560,717
CREDITORS
Amounts falling due within one year 6 223,978 177,545
NET CURRENT ASSETS 329,327 383,172
TOTAL ASSETS LESS CURRENT LIABILITIES 438,249 433,169

CREDITORS
Amounts falling due after more than one
year

7

(242,915

)

(252,003

)

PROVISIONS FOR LIABILITIES (18,810 ) (7,913 )
NET ASSETS 176,524 173,253

CAPITAL AND RESERVES
Called up share capital 10 10,000 10,000
Retained earnings 166,524 163,253
SHAREHOLDERS' FUNDS 176,524 173,253

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

I2 SECURITY LIMITED (REGISTERED NUMBER: 05668775)

BALANCE SHEET - continued
31 MARCH 2024


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

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 13 August 2024 and were signed by:





A K Beesley - Director


I2 SECURITY LIMITED (REGISTERED NUMBER: 05668775)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

i2 Security Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

I2 SECURITY LIMITED (REGISTERED NUMBER: 05668775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 99,329
Additions 95,847
Disposals (34,386 )
At 31 March 2024 160,790
DEPRECIATION
At 1 April 2023 49,332
Charge for year 24,680
Eliminated on disposal (22,144 )
At 31 March 2024 51,868
NET BOOK VALUE
At 31 March 2024 108,922
At 31 March 2023 49,997

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 167,314 160,474
Amounts owed by group undertakings 198,970 197,050
Other debtors 7,147 16,761
373,431 374,285

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 64,034 60,656
Hire purchase contracts (see note 8) 17,279 3,949
Trade creditors 56,856 68,566
Taxation and social security 63,937 40,929
Other creditors 21,872 3,445
223,978 177,545

I2 SECURITY LIMITED (REGISTERED NUMBER: 05668775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 179,633 243,509
Hire purchase contracts (see note 8) 63,282 8,494
242,915 252,003

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 17,279 3,949
Between one and five years 63,282 8,494
80,561 12,443

Non-cancellable operating leases
2024 2023
£    £   
Within one year 13,924 18,125
Between one and five years 8,475 13,160
22,399 31,285

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 243,667 304,165

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary shares 1 10,000 10,000

I2 SECURITY LIMITED (REGISTERED NUMBER: 05668775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors' subsisted during the years ended 31 March 2024 and
31 March 2023:

20242023
££

Balance outstanding at start of year10,000-
Amounts advanced38710,000
Amounts repaid(10,000)-
Amounts written off--
Amounts waived--
Balance outstanding at end of the year38710,000