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REGISTERED NUMBER: 03793798 (England and Wales)















ARGUS SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024






ARGUS SERVICES LTD (REGISTERED NUMBER: 03793798)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARGUS SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: J A Matthews
A J Matthews





SECRETARY: J A Matthews





REGISTERED OFFICE: 19 Chelmsley Wood Industrial Estate
Waterloo Avenue
Birmingham
B37 6QQ





REGISTERED NUMBER: 03793798 (England and Wales)





ACCOUNTANTS: Sephton & Company LLP
Chartered Certified Accountants
Marston House
5 Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL

ARGUS SERVICES LTD (REGISTERED NUMBER: 03793798)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 89,508 48,021

CURRENT ASSETS
Stocks 14,827 14,186
Debtors 5 325,914 195,115
Cash at bank and in hand 345,079 287,670
685,820 496,971
CREDITORS
Amounts falling due within one year 6 395,942 254,158
NET CURRENT ASSETS 289,878 242,813
TOTAL ASSETS LESS CURRENT
LIABILITIES

379,386

290,834

CREDITORS
Amounts falling due after more than one
year

7

(16,800

)

(26,400

)

PROVISIONS FOR LIABILITIES (191 ) (1,752 )
NET ASSETS 362,395 262,682

CAPITAL AND RESERVES
Called up share capital 760 760
Capital redemption reserve 9 808 808
Retained earnings 9 360,827 261,114
362,395 262,682

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ARGUS SERVICES LTD (REGISTERED NUMBER: 03793798)

BALANCE SHEET - continued
30 JUNE 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 Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:





A J Matthews - Director


ARGUS SERVICES LTD (REGISTERED NUMBER: 03793798)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Argus Services Ltd 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 each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

ARGUS SERVICES LTD (REGISTERED NUMBER: 03793798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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 11 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 159,827
Additions 94,551
Disposals (102,725 )
At 30 June 2024 151,653
DEPRECIATION
At 1 July 2023 111,806
Charge for year 29,837
Eliminated on disposal (79,498 )
At 30 June 2024 62,145
NET BOOK VALUE
At 30 June 2024 89,508
At 30 June 2023 48,021

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 286,663 151,856
Other debtors 39,251 43,259
325,914 195,115

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,600 9,600
Trade creditors 128,315 40,680
Taxation and social security 81,086 55,729
Other creditors 176,941 148,149
395,942 254,158

ARGUS SERVICES LTD (REGISTERED NUMBER: 03793798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 16,800 26,400

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 27,346 33,391
Between one and five years - 27,346
27,346 60,737

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 July 2023 261,114 808 261,922
Profit for the year 99,713 99,713
At 30 June 2024 360,827 808 361,635

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
J A Matthews
Balance outstanding at start of year - 5,000
Amounts advanced 6,393 -
Amounts repaid - (5,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,393 -

A J Matthews
Balance outstanding at start of year - -
Amounts advanced 8,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,000 -