Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 09993140 Mr Rickesh Patel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09993140 2023-02-28 09993140 2024-02-29 09993140 2023-03-01 2024-02-29 09993140 frs-core:CurrentFinancialInstruments 2024-02-29 09993140 frs-core:Non-currentFinancialInstruments 2024-02-29 09993140 frs-core:MotorVehicles 2024-02-29 09993140 frs-core:MotorVehicles 2023-03-01 2024-02-29 09993140 frs-core:MotorVehicles 2023-02-28 09993140 frs-core:PlantMachinery 2024-02-29 09993140 frs-core:PlantMachinery 2023-03-01 2024-02-29 09993140 frs-core:PlantMachinery 2023-02-28 09993140 frs-core:ShareCapital 2024-02-29 09993140 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 09993140 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09993140 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 09993140 frs-bus:SmallEntities 2023-03-01 2024-02-29 09993140 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09993140 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09993140 frs-bus:Director1 2023-03-01 2024-02-29 09993140 frs-countries:EnglandWales 2023-03-01 2024-02-29 09993140 2022-02-28 09993140 2023-02-28 09993140 2022-03-01 2023-02-28 09993140 frs-core:CurrentFinancialInstruments 2023-02-28 09993140 frs-core:Non-currentFinancialInstruments 2023-02-28 09993140 frs-core:ShareCapital 2023-02-28 09993140 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 09993140
Protec Security Solutions Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Saashiv & Co. Accountants Limited
Chartered Certified Accountants
Pentax House
South Harrow
London
HA2 0DU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09993140
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 47,673 58,034
47,673 58,034
CURRENT ASSETS
Stocks 5 68,780 65,500
Debtors 6 9,894 31,569
Cash at bank and in hand 39,058 2,080
117,732 99,149
Creditors: Amounts Falling Due Within One Year 7 (137,592 ) (124,774 )
NET CURRENT ASSETS (LIABILITIES) (19,860 ) (25,625 )
TOTAL ASSETS LESS CURRENT LIABILITIES 27,813 32,409
Creditors: Amounts Falling Due After More Than One Year 8 (18,917 ) (23,379 )
NET ASSETS 8,896 9,030
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 8,796 8,930
SHAREHOLDERS' FUNDS 8,896 9,030
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Rickesh Patel
Director
05/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Protec Security Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09993140 . The registered office is 108 Fairholme Crescent, Hayes, UB4 8QU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 18% reducing balance
Motor Vehicles 18% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 March 2023 4,115 58,847 62,962
Additions - 104 104
As at 29 February 2024 4,115 58,951 63,066
Depreciation
As at 1 March 2023 2,280 2,648 4,928
Provided during the period 330 10,135 10,465
As at 29 February 2024 2,610 12,783 15,393
...CONTINUED
Page 3
Page 4
Net Book Value
As at 29 February 2024 1,505 46,168 47,673
As at 1 March 2023 1,835 56,199 58,034
5. Stocks
2024 2023
£ £
Work in progress 68,780 65,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 9,894 7,606
Prepayments and accrued income - 22,525
VAT - 1,438
9,894 31,569
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 100 (1 )
Bank loans and overdrafts 10,648 10,648
Other loans 98,200 101,200
Other taxes and social security 160 811
VAT 9,871 -
Other creditors 7,020 4,620
Accruals and deferred income 3,138 2,368
Director's loan account 8,455 5,128
137,592 124,774
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 18,917 23,379
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4