Registered number
05978993
W H Security Limited
Filleted Accounts
31 December 2023
W H Security Limited
Registered number: 05978993
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 170,231 182,685
Investments 4 374,159 273,914
544,390 456,599
Current assets
Debtors 5 585,965 273,398
Cash at bank and in hand 1,373,648 2,017,534
1,959,613 2,290,932
Creditors: amounts falling due within one year 6 (280,496) (47,612)
Net current assets 1,679,117 2,243,320
Total assets less current liabilities 2,223,507 2,699,919
Provisions for liabilities (33,412) (33,412)
Net assets 2,190,095 2,666,507
Capital and reserves
Called up share capital 100 100
Share premium 9,999 9,999
Profit and loss account 2,179,996 2,656,408
Shareholders' funds 2,190,095 2,666,507
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.
D R Hinckley
Director
Approved by the board on 23 April 2024
W H Security Limited
Notes to the Accounts
for the year ended 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 15% Reducing Balance
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 14 15
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 89,076 402,208 491,284
Additions 2,001 49,000 51,001
At 31 December 2023 91,077 451,208 542,285
Depreciation
At 1 January 2023 68,783 239,816 308,599
Charge for the year 8,752 54,703 63,455
At 31 December 2023 77,535 294,519 372,054
Net book value
At 31 December 2023 13,542 156,689 170,231
At 31 December 2022 20,293 162,392 182,685
4 Investments
Other
investments
£
Cost
At 1 January 2023 273,914
Additions 100,245
At 31 December 2023 374,159
These relate to a joint venture with a company under common control.
5 Debtors 2023 2022
£ £
Trade debtors 70,246 12,751
Other debtors 515,719 260,647
585,965 273,398
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 111,403 71,249
Taxation and social security costs 135,329 (63,062)
Other creditors 33,764 39,425
280,496 47,612
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
D R Hinckley
Directors Loan Account 5,512 95,000 - 100,512
L A Hinckley
Directors Loan Account 150,545 207,707 (100,245) 258,007
156,057 302,707 (100,245) 358,519
8 Related party transactions
Included in investments is an amount to the total of £374,159, due from Hugletts Farm Limited a company under common control.
9 Other information
W H Security Limited is a private company limited by shares and incorporated in England. Its registered office is:
109 Gloucester Place
London
W1U 6JW
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