Registered number
12465389
Secure Delivery Ltd
Filleted Accounts
31 December 2023
Secure Delivery Ltd
Registered number: 12465389
Balance Sheet
as at 31 December 2023
Notes 31/12/23 28/2/23
£ £
Current assets
Work in progress 25,543 9,600
Debtors 3 38,845 169,513
Cash at bank and in hand 22,003 36,569
86,391 215,682
Creditors: amounts falling due within one year 4 (30,019) (65,326)
Net current assets 56,372 150,356
Net assets 56,372 150,356
Capital and reserves
Called up share capital 150 150
Profit and loss account 56,222 150,206
Shareholders' funds 56,372 150,356
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A J Gordon-Brooks
Director
Approved by the board on 2 April 2024
Secure Delivery Ltd
Notes to the Accounts
for the period from 1 March 2023 to 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 31/12/23 28/2/23
Number Number
Average number of persons employed by the company 7 7
3 Debtors 31/12/23 28/2/23
£ £
Trade debtors 38,845 169,513
4 Creditors: amounts falling due within one year 31/12/23 28/2/23
£ £
Trade creditors 8,800 9,625
Taxation and social security costs 15,019 50,541
Other creditors 6,200 5,160
30,019 65,326
5 Controlling party
The company is controlled by the directors.
6 Other information
Secure Delivery Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Office 7
35-37 Ludgate Hill
London
EC4M 7JN
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