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REGISTERED NUMBER: 07263202 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

DEMI SEC LIMITED

DEMI SEC LIMITED (REGISTERED NUMBER: 07263202)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DEMI SEC LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2023







DIRECTORS: C Greenhalgh
Mrs S Greenhalgh





SECRETARY: Mrs S Greenhalgh





REGISTERED OFFICE: 10 London Mews
Paddington
London
W2 1HY





REGISTERED NUMBER: 07263202 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

DEMI SEC LIMITED (REGISTERED NUMBER: 07263202)

BALANCE SHEET
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62 74

CURRENT ASSETS
Stocks 5 5,000 5,000
Debtors 6 115,463 109,382
Cash at bank 58,084 41,710
178,547 156,092
CREDITORS
Amounts falling due within one year 7 160,458 128,469
NET CURRENT ASSETS 18,089 27,623
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,151

27,697

CREDITORS
Amounts falling due after more than one
year

8

18,084

27,625
NET ASSETS 67 72

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (33 ) (28 )
SHAREHOLDERS' FUNDS 67 72

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

DEMI SEC LIMITED (REGISTERED NUMBER: 07263202)

BALANCE SHEET - continued
31 August 2023


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 23 August 2024 and were signed on its behalf by:





C Greenhalgh - Director


DEMI SEC LIMITED (REGISTERED NUMBER: 07263202)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Demi Sec 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.

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 represents net invoiced services, excluding value added tax.

Rendering of services

Revenue for providing services are recognised when the service has been completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% reducing balance

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

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

DEMI SEC LIMITED (REGISTERED NUMBER: 07263202)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2022
and 31 August 2023 1,541
DEPRECIATION
At 1 September 2022 1,467
Charge for year 12
At 31 August 2023 1,479
NET BOOK VALUE
At 31 August 2023 62
At 31 August 2022 74

5. STOCKS
31.8.23 31.8.22
£    £   
Stocks 5,000 5,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Directors' current accounts 87,342 82,796
Tax 28,121 26,586
115,463 109,382

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 9,542 9,307
Trade creditors 6,127 3,769
Tax 60,211 48,487
Social security and other taxes 16,491 9,773
VAT 35,313 26,233
Other creditors 22,979 22,805
Accrued expenses 9,795 8,095
160,458 128,469

DEMI SEC LIMITED (REGISTERED NUMBER: 07263202)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans - 1-2 years 9,784 9,541
Bank loans - 2-5 years 8,300 18,084
18,084 27,625

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
100 Ordinary 1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
C Greenhalgh and Mrs S Greenhalgh
Balance outstanding at start of year 82,796 63,621
Amounts advanced 4,546 19,175
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 87,342 82,796