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Registration number: 10997302

Richmond Security Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

Richmond Security Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Richmond Security Limited

Company Information

Director:

Mr LJ Willis

Registered office:

Savoy House
Savoy Circus
London
W3 7DA

Registered number:

10997302

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

Richmond Security Limited

(Registration number: 10997302)
Balance Sheet as at 31 October 2023

Note

31.10.23

31.10.22

   

£

£

£

£

FIXED ASSETS

   

 

Tangible assets

4

 

10,851

 

13,250

CURRENT ASSETS

   

 

Debtors

5

38,117

 

1,987

 

Cash at bank and in hand

 

1,766

 

21,722

 

 

39,883

 

23,709

 

CREDITORS

   

 

Creditors within 1yr

6

23,868

 

23,301

 

Net current assets

   

16,015

 

408

Total assets less current liabilities

   

26,866

 

13,658

PROVISIONS FOR LIABILITIES

 

(529)

 

(3,313)

Net assets

   

26,337

 

10,345

CAPITAL AND RESERVES

   

 

Called up share capital

 

100

 

100

Profit and loss account

 

26,237

 

10,245

Shareholders' funds

   

26,337

 

10,345

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 October 2024

.........................................
Mr LJ Willis
Director

 

Richmond Security Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1.

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the director on 23 October 2024.

2.

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis on the undesting that the director will continue to support the business for atleast 12 months from the date of signing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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 orsubstantively enacted by the balance sheet date.

 

Richmond Security Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

2

Accounting policies (continued)

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different fromthose 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 thetiming difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that theywill be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% straight line basis

Motor Vehicles

12.50% straight line basis

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3.

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

 

Richmond Security Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

4.

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2022

2,500

12,000

14,500

At 31 October 2023

2,500

12,000

14,500

Depreciation

At 1 November 2022

1,250

-

1,250

Charge for the year

625

1,774

2,399

At 31 October 2023

1,875

1,774

3,649

Carrying amount

At 31 October 2023

625

10,226

10,851

At 31 October 2022

1,250

12,000

13,250

5.

Debtors

Current

31.10.23
£

31.10.22
£

Trade debtors

3,433

1,987

Other debtors

34,684

-

 

38,117

1,987

6.

Creditors

Creditors: amounts falling due within one year

Note

31.10.23
£

31.10.22
£

Due within one year

 

Loans and borrowings

7

188

188

Taxation and social security

 

5,005

4,862

Accruals and deferred income

 

1,200

900

Other creditors

 

17,475

17,351

 

23,868

23,301

7.

Loans and borrowings

 

Richmond Security Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

7

Loans and borrowings (continued)

31.10.23
£

31.10.22
£

Current loans and borrowings

Bank overdrafts

188

188