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REGISTERED NUMBER: 03448912 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

BLUE CHIP SECURITY LIMITED

BLUE CHIP SECURITY LIMITED (REGISTERED NUMBER: 03448912)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BLUE CHIP SECURITY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr M W Darvill
Mr M Teague
Mr G Finch





SECRETARY: Commercial Secretariat Limited





REGISTERED OFFICE: Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN





REGISTERED NUMBER: 03448912 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

BLUE CHIP SECURITY LIMITED (REGISTERED NUMBER: 03448912)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 84,791 69,904

CURRENT ASSETS
Stocks 5 16,678 13,919
Debtors 6 149,770 212,747
Cash at bank 25,112 52,415
191,560 279,081
CREDITORS
Amounts falling due within one year 7 143,741 160,326
NET CURRENT ASSETS 47,819 118,755
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,610

188,659

CREDITORS
Amounts falling due after more than one
year

8

13,546

14,273
NET ASSETS 119,064 174,386

CAPITAL AND RESERVES
Called up share capital 9 6,000 6,000
Retained earnings 10 113,064 168,386
SHAREHOLDERS' FUNDS 119,064 174,386

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

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

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 3rd July 2024 and were signed on its behalf by:





Mr M W Darvill - Director


BLUE CHIP SECURITY LIMITED (REGISTERED NUMBER: 03448912)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Blue Chip 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.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

BLUE CHIP SECURITY LIMITED (REGISTERED NUMBER: 03448912)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1st April 2023 1,910 19,327 129,801 151,038
Additions - 1,017 32,982 33,999
Disposals - - (11,399 ) (11,399 )
At 31st March 2024 1,910 20,344 151,384 173,638
DEPRECIATION
At 1st April 2023 1,715 9,653 69,766 81,134
Charge for year 29 1,531 16,910 18,470
Eliminated on disposal - - (10,757 ) (10,757 )
At 31st March 2024 1,744 11,184 75,919 88,847
NET BOOK VALUE
At 31st March 2024 166 9,160 75,465 84,791
At 31st March 2023 195 9,674 60,035 69,904

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1st April 2023 94,201
Additions 32,982
Disposals (11,399 )
At 31st March 2024 115,784
DEPRECIATION
At 1st April 2023 39,223
Charge for year 15,646
Eliminated on disposal (10,757 )
At 31st March 2024 44,112
NET BOOK VALUE
At 31st March 2024 71,672
At 31st March 2023 54,978

5. STOCKS
31.3.24 31.3.23
£ £
Stocks 16,678 13,919

BLUE CHIP SECURITY LIMITED (REGISTERED NUMBER: 03448912)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Trade debtors 134,193 123,744
Other debtors 1,100 1,100
Social security and other tax - 13,692
Prepayments and accrued income 14,477 74,211
149,770 212,747

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Hire purchase contracts 15,174 10,075
Trade creditors 51,338 60,786
Tax 39,783 37,566
Pension control 2,108 1,975
VAT 16,850 27,590
Accruals and deferred income 18,488 22,334
143,741 160,326

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£ £
Hire purchase contracts 13,546 14,273

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £ £
5,700 Ordinary "A" shares £1 5,700 5,700
300 Ordinary "B" Shares £1 300 300
6,000 6,000

10. RESERVES
Retained
earnings
£

At 1st April 2023 168,386
Profit for the year 144,928
Dividends (200,250 )
At 31st March 2024 113,064