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REGISTERED NUMBER: 04166601 (England and Wales)















SECURITY DRIVERS INTERNATIONAL LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024






SECURITY DRIVERS INTERNATIONAL LIMITED (REGISTERED NUMBER: 04166601)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SECURITY DRIVERS INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: J W English
J W English
Miss E J English





SECRETARY: J W English





REGISTERED OFFICE: 118 Pall Mall
London
SW1Y 5ED





REGISTERED NUMBER: 04166601 (England and Wales)





ACCOUNTANTS: Howard & Stapleton
2nd Floor Offices
26-28 West Street
Market Square
Rochford
Essex
SS4 1AJ

SECURITY DRIVERS INTERNATIONAL LIMITED (REGISTERED NUMBER: 04166601)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,630 43,457

CURRENT ASSETS
Debtors 5 77,443 56,028
Cash at bank 27,061 -
104,504 56,028
CREDITORS
Amounts falling due within one year 6 93,128 77,329
NET CURRENT ASSETS/(LIABILITIES) 11,376 (21,301 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,006

22,156

CREDITORS
Amounts falling due after more than one
year

7

40,564

34,000
NET ASSETS/(LIABILITIES) 13,442 (11,844 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 13,342 (11,944 )
SHAREHOLDERS' FUNDS 13,442 (11,844 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

SECURITY DRIVERS INTERNATIONAL LIMITED (REGISTERED NUMBER: 04166601)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by:





J W English - Director


SECURITY DRIVERS INTERNATIONAL LIMITED (REGISTERED NUMBER: 04166601)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Security Drivers International 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. ACCOUNTING POLICIES

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

Significant judgements and estimates
The preparation of financial statements requires management to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


SECURITY DRIVERS INTERNATIONAL LIMITED (REGISTERED NUMBER: 04166601)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under finance leases and hire purchase contracts are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. 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 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.

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.

Trade and other payables
Trade and other payables are measured at transaction price unless the arrangement constitutes a financing transaction in which case the transaction is measured at present value of future payments discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair value net of their transaction costs. They are subsequently measured at amortised cost using the effective interest method.

Trade and other receivables
Trade and other receivables are measures at transaction price less any impairment unless the arrangement constitutes a financing transaction in which case the transaction is measured at the present value of future receipts discounted at the prevailing market rate of interest. Loans are initially measured at fair value and are subsequently measured at amortised cost using the effective interest rate method less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

SECURITY DRIVERS INTERNATIONAL LIMITED (REGISTERED NUMBER: 04166601)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2023 17,084 28,410 206,414 251,908
Additions - 1,211 21,489 22,700
Disposals - - (91,867 ) (91,867 )
At 29 February 2024 17,084 29,621 136,036 182,741
DEPRECIATION
At 1 March 2023 5,919 19,202 183,330 208,451
Charge for year 1,559 2,777 8,460 12,796
Eliminated on disposal - - (81,136 ) (81,136 )
At 29 February 2024 7,478 21,979 110,654 140,111
NET BOOK VALUE
At 29 February 2024 9,606 7,642 25,382 42,630
At 28 February 2023 11,165 9,208 23,084 43,457

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 21,489
At 29 February 2024 21,489
DEPRECIATION
Charge for year 5,372
At 29 February 2024 5,372
NET BOOK VALUE
At 29 February 2024 16,117

SECURITY DRIVERS INTERNATIONAL LIMITED (REGISTERED NUMBER: 04166601)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 44,959 34,225
Other debtors 13,553 8,011
Directors' current accounts 18,231 13,132
Prepayments 700 660
77,443 56,028

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 5,459 26,184
Hire purchase contracts 6,723 -
Trade creditors 2,150 279
Corporation tax 10,206 6,099
Social security and other taxes 1,627 1,780
VAT 21,031 9,420
Other creditors 41,681 29,567
Directors' current accounts 251 -
Accrued expenses 4,000 4,000
93,128 77,329

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans - 2-5 years 31,000 34,000
Hire purchase contracts 9,564 -
40,564 34,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100

SECURITY DRIVERS INTERNATIONAL LIMITED (REGISTERED NUMBER: 04166601)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors, in their capacity as shareholders, received dividends in the year of £Nil (2023 - £35000).

During the year, two of the participators increased their current account balances by £15044 leaving the total amount owed by directors to the company at 28 February 2024 as £28165 (2023 £13132)

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr J English and Mrs S E English, who jointly own the entire ordinary share capital.