Universal Commercial Guarding Limited 02899949 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of private security activities. Digita Accounts Production Advanced 6.30.9574.0 true 02899949 2023-04-01 2024-03-31 02899949 2024-03-31 02899949 2 2024-03-31 02899949 core:RetainedEarningsAccumulatedLosses 2024-03-31 02899949 core:ShareCapital 2024-03-31 02899949 core:CurrentFinancialInstruments 2024-03-31 02899949 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 02899949 core:FurnitureFittings 2024-03-31 02899949 core:LandBuildings core:ShortLeaseholdAssets 2024-03-31 02899949 core:MotorVehicles 2024-03-31 02899949 core:OfficeEquipment 2024-03-31 02899949 1 2024-03-31 02899949 bus:SmallEntities 2023-04-01 2024-03-31 02899949 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02899949 bus:FilletedAccounts 2023-04-01 2024-03-31 02899949 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02899949 bus:RegisteredOffice 2023-04-01 2024-03-31 02899949 bus:Director1 2023-04-01 2024-03-31 02899949 bus:Director2 2023-04-01 2024-03-31 02899949 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02899949 core:FurnitureFittings 2023-04-01 2024-03-31 02899949 core:LandBuildings 2023-04-01 2024-03-31 02899949 core:LandBuildings core:ShortLeaseholdAssets 2023-04-01 2024-03-31 02899949 core:MotorVehicles 2023-04-01 2024-03-31 02899949 core:OfficeEquipment 2023-04-01 2024-03-31 02899949 countries:EnglandWales 2023-04-01 2024-03-31 02899949 1 2023-04-01 2024-03-31 02899949 2023-03-31 02899949 core:FurnitureFittings 2023-03-31 02899949 core:LandBuildings core:ShortLeaseholdAssets 2023-03-31 02899949 core:MotorVehicles 2023-03-31 02899949 core:OfficeEquipment 2023-03-31 02899949 1 2023-03-31 02899949 2022-04-01 2023-03-31 02899949 2023-03-31 02899949 2 2023-03-31 02899949 core:RetainedEarningsAccumulatedLosses 2023-03-31 02899949 core:ShareCapital 2023-03-31 02899949 core:CurrentFinancialInstruments 2023-03-31 02899949 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 02899949 core:FurnitureFittings 2023-03-31 02899949 core:LandBuildings core:ShortLeaseholdAssets 2023-03-31 02899949 core:MotorVehicles 2023-03-31 02899949 core:OfficeEquipment 2023-03-31 02899949 1 2023-03-31 02899949 1 2022-04-01 2023-03-31 02899949 1 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 02899949

Universal Commercial Guarding Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Universal Commercial Guarding Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

Universal Commercial Guarding Limited

Company Information

Directors

Mr J Blake-Baldwin

Mr A P Baldwin

Registered office

70 White Lion Street
London
N1 9PP

Accountants

Landmark Accountants Limited
Chartered Accountants
Leavesden Park
5 Hercules Way
Watford
Hertfordshire
WD25 7GS

 

Universal Commercial Guarding Limited

(Registration number: 02899949)
Balance Sheet as at 31 March 2024

Note

2024

2023

   

£

£

£

£

Fixed assets

   

 

Tangible assets

4

 

13,391

 

14,677

Current assets

   

 

Debtors

5

1,208,766

 

1,141,159

 

Cash at bank and in hand

 

572,549

 

357,928

 

 

1,781,315

 

1,499,087

 

Creditors: Amounts falling due within one year

6

(1,276,299)

 

(1,069,869)

 

Net current assets

   

505,016

 

429,218

Net assets

   

518,407

 

443,895

Capital and reserves

   

 

Called up share capital

1,200

 

1,200

 

Retained earnings

517,207

 

442,695

 

Shareholders' funds

   

518,407

 

443,895

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 12 September 2024 and signed on its behalf by:
 

.........................................
Mr J Blake-Baldwin
Director

 

Universal Commercial Guarding Limited

Notes to the 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 and Wales.

The address of its registered office is:
70 White Lion Street
London
N1 9PP

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.

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 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.

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.

 

Universal Commercial Guarding Limited

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

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

Short Leasehold

10% on cost & 33% on cost

Office Equipment

33% on reducing balance

Motor vehicles

33% on cost and 100% on cost

Fixtures & Fittings

10% on reducing balance or over lease term

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

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.

 

Universal Commercial Guarding Limited

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

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.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.
 Recognition and measurement
Basic financial instruments are recognised at amortised cost.
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 152 (2023 - 125).

4

Tangible assets

Short leasehold land and buildings
£

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

8,149

14,208

77,979

80,520

180,856

Additions

-

-

9,485

-

9,485

At 31 March 2024

8,149

14,208

87,464

80,520

190,341

Depreciation

At 1 April 2023

4,301

13,003

69,342

79,533

166,179

Charge for the year

2,716

851

6,217

987

10,771

At 31 March 2024

7,017

13,854

75,559

80,520

176,950

Carrying amount

At 31 March 2024

1,132

354

11,905

-

13,391

At 31 March 2023

3,848

1,205

8,637

987

14,677

 

Universal Commercial Guarding Limited

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

5

Debtors

Note

2024
£

2023
£

Trade debtors

 

750,489

681,963

Other debtors

 

228,669

269,843

Prepayments

 

159,956

132,292

Income tax asset

69,652

57,061

 

1,208,766

1,141,159

6

Creditors

2024
£

2023
£

Due within one year

Trade creditors

280,964

259,131

Taxation and social security

540,020

373,307

Accruals and deferred income

73,182

193,619

Other creditors

382,133

243,812

1,276,299

1,069,869

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £85,095 (2023 - £1,958).

 

Universal Commercial Guarding Limited

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

8

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

Repayments by director
£

At 31 March 2024
£

Loan to directors (interest rate 2% and repayable on demand)

214,355

(1,530)

212,825

 

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Loan to directors (interest rate 2% and repayable on demand)

211,125

6,928

(3,698)

214,355