Company Registration No. 07128682 (England and Wales)
Expedient Security Limited
Unaudited accounts
for the year ended 31 January 2024
Expedient Security Limited
Unaudited accounts
Contents
Expedient Security Limited
Company Information
for the year ended 31 January 2024
Directors
P Harris
N J Harris
Company Number
07128682 (England and Wales)
Registered Office
Manor House
Station Road
Ardleigh
CO7 7RT
Accountants
Richard Matthew Accountancy Ltd
Milner
Cowfold Road
Coolham
West Sussex
RH13 8QJ
Expedient Security Limited
Statement of financial position
as at 31 January 2024
Tangible assets
159,442
109,257
Investment property
298,803
298,803
Cash at bank and in hand
324,627
406,008
Creditors: amounts falling due within one year
(430,044)
(425,390)
Net current assets
337,544
263,643
Net assets
795,789
671,703
Called up share capital
2
2
Profit and loss account
795,787
671,701
Shareholders' funds
795,789
671,703
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by
P Harris
Director
Company Registration No. 07128682
Expedient Security Limited
Notes to the Accounts
for the year ended 31 January 2024
Expedient Security Limited is a private company, limited by shares, registered in England and Wales, registration number 07128682. The registered office is Manor House, Station Road, Ardleigh, CO7 7RT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
30% reducing balance
Expedient Security Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
172,899
54,769
32,303
259,971
Additions
1,198
100,431
3,074
104,703
At 31 January 2024
174,097
155,200
35,377
364,674
At 1 February 2023
78,316
49,361
23,037
150,714
Charge for the year
23,945
26,460
4,113
54,518
At 31 January 2024
102,261
75,821
27,150
205,232
At 31 January 2024
71,836
79,379
8,227
159,442
At 31 January 2023
94,583
5,408
9,266
109,257
Fair value at 1 February 2023
298,803
At 31 January 2024
298,803
The investment property is included on the balance sheet at purchase price in January 2019 together with associated fees.
Depreciation is not provided on the investment property as would have usually been expected. The directors consider that the property is held for investment purposes and that annual depreciation would be inappropriate for the accounts to show a true and fair view.
Amounts falling due within one year
Trade debtors
442,961
283,025
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
91,144
107,252
Taxes and social security
54,604
45,124
Loans from directors
11,108
5,008
8
Average number of employees
During the year the average number of employees was 117 (2023: 102).