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REGISTERED NUMBER: 08524615 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023

FOR

ALEXANDRA SECURITY LIMITED

ALEXANDRA SECURITY LIMITED (REGISTERED NUMBER: 08524615)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALEXANDRA SECURITY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr S B Dickson
Mrs J Dickson





REGISTERED OFFICE: Unit 1 Perimeter Works
Whetsted Road
Five Oak Green
Tonbridge
Kent
TN12 6PZ





REGISTERED NUMBER: 08524615 (England and Wales)





ACCOUNTANTS: Honey Barrett Limited
53 Gildredge Road
Eastbourne
East Sussex
BN21 4SF

ALEXANDRA SECURITY LIMITED (REGISTERED NUMBER: 08524615)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 214,536 281,734
Tangible assets 6 315,045 330,347
529,581 612,081

CURRENT ASSETS
Stocks 7 1,314,499 1,861,504
Debtors 8 2,156,454 2,022,740
Cash at bank and in hand 18,407 58
3,489,360 3,884,302
CREDITORS
Amounts falling due within one year 9 1,919,632 2,212,135
NET CURRENT ASSETS 1,569,728 1,672,167
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,099,309

2,284,248

CREDITORS
Amounts falling due after more than
one year

10

(489,163

)

(558,778

)

PROVISIONS FOR LIABILITIES 13 (45,605 ) (58,197 )
NET ASSETS 1,564,541 1,667,273

CAPITAL AND RESERVES
Called up share capital 14 1,000 1,000
Retained earnings 1,563,541 1,666,273
SHAREHOLDERS' FUNDS 1,564,541 1,667,273

ALEXANDRA SECURITY LIMITED (REGISTERED NUMBER: 08524615)

BALANCE SHEET - continued
31 DECEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





Mr S B Dickson - Director


ALEXANDRA SECURITY LIMITED (REGISTERED NUMBER: 08524615)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Alexandra 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and at the point of completion of each project. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Software costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
All fixed assets are initially recorded at cost.

Plant & Machinery - 25% reducing balance
Fixtures & Fittings - 25% reducing balance
Motor Vehicles - 25% reducing balance
Computer equipment - 25% straight line

ALEXANDRA SECURITY LIMITED (REGISTERED NUMBER: 08524615)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised. The amount of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

ALEXANDRA SECURITY LIMITED (REGISTERED NUMBER: 08524615)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.


ALEXANDRA SECURITY LIMITED (REGISTERED NUMBER: 08524615)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2022 - 41 ) .

ALEXANDRA SECURITY LIMITED (REGISTERED NUMBER: 08524615)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. INTANGIBLE FIXED ASSETS
Software
Goodwill costs Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 421,360 250,614 671,974
AMORTISATION
At 1 January 2023 365,179 25,061 390,240
Amortisation for year 42,136 25,062 67,198
At 31 December 2023 407,315 50,123 457,438
NET BOOK VALUE
At 31 December 2023 14,045 200,491 214,536
At 31 December 2022 56,181 225,553 281,734

6. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 289,236 176,851 33,047
Additions - 2,850 -
Disposals - - -
At 31 December 2023 289,236 179,701 33,047
DEPRECIATION
At 1 January 2023 36,057 150,478 26,760
Charge for year 28,924 6,772 1,745
Eliminated on disposal - - -
At 31 December 2023 64,981 157,250 28,505
NET BOOK VALUE
At 31 December 2023 224,255 22,451 4,542
At 31 December 2022 253,179 26,373 6,287

ALEXANDRA SECURITY LIMITED (REGISTERED NUMBER: 08524615)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. TANGIBLE FIXED ASSETS - continued

Motor
vehicles Equipment Totals
£    £    £   
COST
At 1 January 2023 69,514 145,043 713,691
Additions 28,892 9,749 41,491
Disposals (32,689 ) - (32,689 )
At 31 December 2023 65,717 154,792 722,493
DEPRECIATION
At 1 January 2023 39,361 130,688 383,344
Charge for year 6,525 6,363 50,329
Eliminated on disposal (26,225 ) - (26,225 )
At 31 December 2023 19,661 137,051 407,448
NET BOOK VALUE
At 31 December 2023 46,056 17,741 315,045
At 31 December 2022 30,153 14,355 330,347

7. STOCKS
2023 2022
£    £   
Stocks 1,314,499 1,861,504

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,327,569 1,320,898
Other debtors 479,455 351,084
Directors' current accounts - 109,521
Corporation tax recoverable 291,603 180,029
Prepayments and accrued income 57,827 61,208
2,156,454 2,022,740

ALEXANDRA SECURITY LIMITED (REGISTERED NUMBER: 08524615)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 73,871 465,862
Trade creditors 1,085,319 1,258,795
Corporation tax 60,003 -
PAYE and social security 63,777 64,745
VAT 237,995 260,791
Other creditors 64,076 86,089
Directors' current accounts 127 -
Accruals and deferred income 334,464 75,853
1,919,632 2,212,135

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1-2 years 73,871 81,650
Bank loans - 2-5 years 415,292 477,128
489,163 558,778

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year - 18,851
Between one and five years - 3,142
- 21,993

12. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 563,034 638,484

The bank loans are secured by fixed and floating charges over the assets of the company.

ALEXANDRA SECURITY LIMITED (REGISTERED NUMBER: 08524615)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


13. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 53,048 60,462
Other timing differences (7,443 ) (2,265 )
45,605 58,197

Deferred
tax
£   
Balance at 1 January 2023 58,197
Provided during year (12,592 )
Balance at 31 December 2023 45,605

14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
95,000 A Ordinary £0.00 1 950 950
5,000 B Ordinary £0.00 1 50 50
1,000 1,000

15. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr S B Dickson
Balance outstanding at start of year 109,521 46,488
Amounts advanced 79,651 126,533
Amounts repaid (189,300 ) (63,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (128 ) 109,521