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Registered number: 07772321
Securasite Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
C&H Stedman
Noble House Eaton Road
Hemel Hempstead
Hertfordshire
HP2 7UB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07772321
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 390 520
Tangible Assets 5 267,236 24,891
267,626 25,411
CURRENT ASSETS
Stocks 6 491,330 180,800
Debtors 7 334,996 304,222
Cash at bank and in hand 84,418 166,599
910,744 651,621
Creditors: Amounts Falling Due Within One Year 8 (1,317,682 ) (799,767 )
NET CURRENT ASSETS (LIABILITIES) (406,938 ) (148,146 )
TOTAL ASSETS LESS CURRENT LIABILITIES (139,312 ) (122,735 )
Creditors: Amounts Falling Due After More Than One Year 9 (362,225 ) -
NET LIABILITIES (501,537 ) (122,735 )
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account (501,637 ) (122,835 )
SHAREHOLDERS' FUNDS (501,537) (122,735)
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For the year ending 31 December 2023 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 Anthony Hazell
Director
25 September 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Securasite Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07772321 . The registered office is Building 11, First Avenue, Pensett Trading Estate, Kingswinford, West Midlands, DY6 7TH.
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, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
2.4. 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:
Leasehold 10% Straight Line
Plant & Machinery 50% Straight Line / 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 33% Straight Line
Computer Equipment 33% Straight Line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
The average number of employees during the year was 10 (2022: 12)
10 12
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4. Intangible Assets
Other
£
Cost
As at 1 January 2023 650
As at 31 December 2023 650
Amortisation
As at 1 January 2023 130
Provided during the period 130
As at 31 December 2023 260
Net Book Value
As at 31 December 2023 390
As at 1 January 2023 520
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2023 - 25,697 - 5,014
Additions 10,395 213,983 29,000 180
As at 31 December 2023 10,395 239,680 29,000 5,194
Depreciation
As at 1 January 2023 - 5,942 - 383
Provided during the period 184 11,629 6,098 1,730
As at 31 December 2023 184 17,571 6,098 2,113
Net Book Value
As at 31 December 2023 10,211 222,109 22,902 3,081
As at 1 January 2023 - 19,755 - 4,631
Computer Equipment Total
£ £
Cost
As at 1 January 2023 607 31,318
Additions 12,610 266,168
As at 31 December 2023 13,217 297,486
Depreciation
As at 1 January 2023 102 6,427
Provided during the period 4,182 23,823
As at 31 December 2023 4,284 30,250
...CONTINUED
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Net Book Value
As at 31 December 2023 8,933 267,236
As at 1 January 2023 505 24,891
6. Stocks
2023 2022
£ £
Materials 405,996 112,462
Finished goods 85,334 68,338
491,330 180,800
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 250,477 227,796
Other debtors 84,519 76,426
334,996 304,222
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 7,412 -
Trade creditors 1,200,090 623,031
Other creditors 105,276 149,985
Taxation and social security 4,904 26,751
1,317,682 799,767
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 12,225 -
Other loans 350,000 -
362,225 -
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,412 -
Later than one year and not later than five years 12,225 -
19,637 -
19,637 -
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Page 6
11. Related Party Transactions
During the year the company had transactions with the following companies which are controlled by A Hazell, a director of the
company; CMT Equipment Ltd, Devon Advisory Ltd.
Amounts owed to related parties at the balance sheet date amounted to £933,142 (2022: £142,157). 
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