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REGISTERED NUMBER: 01880807 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

VIDECOM SECURITY LIMITED

VIDECOM SECURITY LIMITED (REGISTERED NUMBER: 01880807)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


VIDECOM SECURITY LIMITED

COMPANY INFORMATION
for the year ended 31 January 2024







DIRECTORS: Mr R W Johnson
Mr W J Mead





REGISTERED OFFICE: Fordoun House
Rue de St Lawrence
Waltham Abbey
Essex
EN9 1PF





REGISTERED NUMBER: 01880807 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

VIDECOM SECURITY LIMITED (REGISTERED NUMBER: 01880807)

ABRIDGED BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 400,747 445,930
Investments 5 1 1
400,748 445,931

CURRENT ASSETS
Stocks 40,503 50,629
Debtors 370,727 499,088
Cash at bank and in hand 1,222,463 1,002,346
1,633,693 1,552,063
CREDITORS
Amounts falling due within one year 882,947 974,610
NET CURRENT ASSETS 750,746 577,453
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,151,494

1,023,384

CREDITORS
Amounts falling due after more than one year (15,538 ) (25,152 )

PROVISIONS FOR LIABILITIES (75,844 ) (50,013 )
NET ASSETS 1,060,112 948,219

VIDECOM SECURITY LIMITED (REGISTERED NUMBER: 01880807)

ABRIDGED BALANCE SHEET - continued
31 January 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 42,500 42,500
Capital redemption reserve 7,500 7,500
Retained earnings 1,010,112 898,219
SHAREHOLDERS' FUNDS 1,060,112 948,219

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

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

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 August 2024 and were signed on its behalf by:





Mr W J Mead - Director


VIDECOM SECURITY LIMITED (REGISTERED NUMBER: 01880807)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Videcom 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - over the period of the leases
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Government grants
Government grants, including non-monetary grants shall not be recognised until there is reasonable assurance that:
(a) the entity will comply with the conditions attaching to them; and
(b) the grants will be received.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.


VIDECOM SECURITY LIMITED (REGISTERED NUMBER: 01880807)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 27 ) .

VIDECOM SECURITY LIMITED (REGISTERED NUMBER: 01880807)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 788,555
Additions 10,668
At 31 January 2024 799,223
DEPRECIATION
At 1 February 2023 342,625
Charge for year 55,851
At 31 January 2024 398,476
NET BOOK VALUE
At 31 January 2024 400,747
At 31 January 2023 445,930

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 February 2023
and 31 January 2024 143,993
DEPRECIATION
At 1 February 2023 62,077
Charge for year 20,479
At 31 January 2024 82,556
NET BOOK VALUE
At 31 January 2024 61,437
At 31 January 2023 81,916

VIDECOM SECURITY LIMITED (REGISTERED NUMBER: 01880807)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 February 2023
and 31 January 2024 1
NET BOOK VALUE
At 31 January 2024 1
At 31 January 2023 1

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 25,152 46,540

Hire purchase creditors are secured over the assets to which they relate.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr W J Mead
Balance outstanding at start of year - 6,719
Amounts advanced 20,000 -
Amounts repaid - (6,719 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,000 -

Mr R W Johnson
Balance outstanding at start of year - -
Amounts advanced 20,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,000 -