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Registration number: 11881343

Entertainment Security Solutions Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Entertainment Security Solutions Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Entertainment Security Solutions Ltd

Company Information

Directors

Mr M P Stinchcombe

Mr W G Bassett

Mr G S Gonzalez

Registered office

46-47 The Strand
Walmer
Deal
Kent
CT14 7DX

Accountants

Burgess Accountancy Services
46-47 The Strand
Walmer
Deal
Kent
CT14 7DX

 

Entertainment Security Solutions Ltd

(Registration number: 11881343)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

22,517

16,177

Current assets

 

Debtors

5

312,432

315,708

Cash at bank and in hand

 

491,140

392,839

 

803,572

708,547

Creditors: Amounts falling due within one year

6

(313,279)

(268,526)

Net current assets

 

490,293

440,021

Total assets less current liabilities

 

512,810

456,198

Provisions for liabilities

(5,215)

(3,630)

Net assets

 

507,595

452,568

Capital and reserves

 

Called up share capital

7

90

90

Retained earnings

507,505

452,478

Shareholders' funds

 

507,595

452,568

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 August 2024 and signed on its behalf by:
 

.........................................
Mr M P Stinchcombe
Director

 

Entertainment Security Solutions Ltd

(Registration number: 11881343)
Balance Sheet as at 31 March 2024

.........................................
Mr W G Bassett
Director

.........................................
Mr G S Gonzalez
Director

 

Entertainment Security Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
46-47 The Strand
Walmer
Deal
Kent
CT14 7DX

These financial statements were authorised for issue by the Board on 9 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income 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.

 

Entertainment Security Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

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:

Asset class

Depreciation method and rate

Plant and machinery

20% written down allowance

Office equipment

20% written down allowance

Motor vehicles

20% written down allowance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Entertainment Security Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 57 (2023 - 62).

 

Entertainment Security Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

1,132

6,995

14,792

22,919

Additions

1,058

-

10,910

11,968

At 31 March 2024

2,190

6,995

25,702

34,887

Depreciation

At 1 April 2023

448

2,518

3,775

6,741

Charge for the year

348

896

4,385

5,629

At 31 March 2024

796

3,414

8,160

12,370

Carrying amount

At 31 March 2024

1,394

3,581

17,542

22,517

At 31 March 2023

684

4,477

11,016

16,177

5

Debtors

Current

2024
£

2023
£

Trade debtors

296,127

302,388

Prepayments

16,168

12,820

Other debtors

137

500

 

312,432

315,708

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

29,469

23,014

Taxation and social security

193,574

165,315

Accruals and deferred income

7,275

7,066

Other creditors

82,961

73,131

313,279

268,526

 

Entertainment Security Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

90

90

90

90

       

8

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £2,539.7333 (2023 - £2,223.5333) per each Ordinary

228,576

200,118

 

 

9

Related party transactions

 

Entertainment Security Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

75,031

57,416

Contributions paid to money purchase schemes

17,133

91,605

92,164

149,021