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Company Registration No. 11790611 (England and Wales)
ADDITIVE SECURITY LTD Unaudited accounts for the year ended 31 January 2024
ADDITIVE SECURITY LTD Unaudited accounts Contents
Page
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ADDITIVE SECURITY LTD Company Information for the year ended 31 January 2024
Directors
Benjamin Edward Banks Suzanne Marie Banks
Company Number
11790611 (England and Wales)
Registered Office
C/O Aidhan & Partners 8 Devonshire Square London EC2M 4PL
Accountants
Aidhan and Partners Simply Accountants Ltd 8 Devonshire Square London EC2M 4PL
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ADDITIVE SECURITY LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,304 
4,606 
Current assets
Debtors
61,841 
123,704 
Cash at bank and in hand
63,432 
100,140 
125,273 
223,844 
Creditors: amounts falling due within one year
552 
(35,482)
Net current assets
125,825 
188,362 
Net assets
129,129 
192,968 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
129,029 
192,868 
Shareholders' funds
129,129 
192,968 
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 2 October 2024 and were signed on its behalf by
Benjamin Edward Banks Director Company Registration No. 11790611
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ADDITIVE SECURITY LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
ADDITIVE SECURITY LTD is a private company, limited by shares, registered in England and Wales, registration number 11790611. The registered office is C/O Aidhan & Partners, 8 Devonshire Square, London, EC2M 4PL.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
The turnover shown in the profit and loss account represents revenue earned during the period with an adjustment for the Flat rate VAT. As from the 1st May 2020, Additive Security Ltd switched to the standard VAT scheme and Turnover post this date is stated exclusive of VAT.
Tangible fixed assets and depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33% on cost using the straight line method.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2023
11,725 
Additions
1,166 
At 31 January 2024
12,891 
Depreciation
At 1 February 2023
7,119 
Charge for the year
2,468 
At 31 January 2024
9,587 
Net book value
At 31 January 2024
3,304 
At 31 January 2023
4,606 
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ADDITIVE SECURITY LTD Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
60,857 
123,181 
Other debtors
984 
523 
61,841 
123,704 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,744 
13,684 
Taxes and social security
(9,579)
19,755 
Other creditors
3,283 
2,043 
(552)
35,482 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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