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Company No: 13006583 (England and Wales)

ROMAN SECURITY GROUP LTD

Unaudited Financial Statements
For the financial year ended 30 November 2023
Pages for filing with the registrar

ROMAN SECURITY GROUP LTD

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

ROMAN SECURITY GROUP LTD

COMPANY INFORMATION

For the financial year ended 30 November 2023
ROMAN SECURITY GROUP LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 November 2023
DIRECTORS Jordan Kons
Justin Merrick Walshe
REGISTERED OFFICE 2 Fountain Court
Victoria Square
St. Albans
AL1 3TF
England
United Kingdom
COMPANY NUMBER 13006583 (England and Wales)
CHARTERED ACCOUNTANTS Mercer & Hole LLP
72 London Road
St Albans
Hertfordshire
AL1 1NS
ROMAN SECURITY GROUP LTD

BALANCE SHEET

As at 30 November 2023
ROMAN SECURITY GROUP LTD

BALANCE SHEET (continued)

As at 30 November 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 59,556 56,569
59,556 56,569
Current assets
Stocks 4 13,000 13,000
Debtors 5 70,422 23,718
Cash at bank and in hand 121,973 108,019
205,395 144,737
Creditors: amounts falling due within one year 6 ( 104,004) ( 71,969)
Net current assets 101,391 72,768
Total assets less current liabilities 160,947 129,337
Creditors: amounts falling due after more than one year 7 ( 38,803) ( 46,137)
Provision for liabilities 8, 9 ( 14,847) ( 10,740)
Net assets 107,297 72,460
Capital and reserves
Called-up share capital 10 2 2
Profit and loss account 107,295 72,458
Total shareholders' funds 107,297 72,460

For the financial year ending 30 November 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Roman Security Group Ltd (registered number: 13006583) were approved and authorised for issue by the Board of Directors on 06 September 2024. They were signed on its behalf by:

Jordan Kons
Director
ROMAN SECURITY GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
ROMAN SECURITY GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Roman Security Group Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Fountain Court, Victoria Square, St. Albans, AL1 3TF, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 20 % reducing balance
Plant and machinery etc. 15 - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 December 2022 1,075 61,144 62,219
Additions 0 12,555 12,555
Disposals 0 ( 328) ( 328)
At 30 November 2023 1,075 73,371 74,446
Accumulated depreciation
At 01 December 2022 301 5,349 5,650
Charge for the financial year 155 9,099 9,254
Disposals 0 ( 14) ( 14)
At 30 November 2023 456 14,434 14,890
Net book value
At 30 November 2023 619 58,937 59,556
At 30 November 2022 774 55,795 56,569

4. Stocks

2023 2022
£ £
Stocks (secured) 13,000 13,000

5. Debtors

2023 2022
£ £
Trade debtors 58,463 19,499
Other debtors 11,959 4,219
70,422 23,718

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 45,768 30,278
Taxation and social security 19,742 9,802
Obligations under finance leases and hire purchase contracts 7,335 7,024
Other creditors 31,159 24,865
104,004 71,969

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Obligations under finance leases and hire purchase contracts 38,803 46,137

There are no amounts included above in respect of which any security has been given by the small entity.

8. Provision for liabilities

2023 2022
£ £
Deferred tax 14,847 10,740

9. Deferred tax

2023 2022
£ £
At the beginning of financial year ( 10,740) 0
Charged to the Profit and Loss Account ( 4,107) ( 10,740)
At the end of financial year ( 14,847) ( 10,740)

10. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2