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Registration number: 05095953

All Round Security Consultants Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

All Round Security Consultants Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

All Round Security Consultants Limited

(Registration number: 05095953)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

375,355

319,251

Current assets

 

Stocks

444,197

549,197

Debtors

5

4,023,142

3,574,840

Cash at bank and in hand

 

151,486

88,962

 

4,618,825

4,212,999

Creditors: Amounts falling due within one year

6

(3,509,904)

(3,062,356)

Net current assets

 

1,108,921

1,150,643

Total assets less current liabilities

 

1,484,276

1,469,894

Creditors: Amounts falling due after more than one year

6

(414,497)

(474,697)

Provisions for liabilities

(38,111)

(11,823)

Net assets

 

1,031,668

983,374

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

1,030,668

982,374

Shareholders' funds

 

1,031,668

983,374

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 October 2024 and signed on its behalf by:
 

 

All Round Security Consultants Limited

(Registration number: 05095953)
Balance Sheet as at 31 March 2024

.........................................
Mr D A Keegan
Director

.........................................
Mr P Fairbrother
Director

 

All Round Security Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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:
Unit 200 Penny Lane
Haydock
St. Helens
WA11 9DB
England

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.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

All Round Security Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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

Leasehold land and buildings

10% straight line

Furniture, fittings, tool and equipment

20% straight line

Motor vehicles

25% straight line

Stocks

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs, borrowing costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

All Round Security Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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 directors) during the year, was 82 (2023 - 84).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

52,459

710,694

310,912

1,074,065

Additions

-

-

236,400

236,400

Disposals

-

-

(46,543)

(46,543)

At 31 March 2024

52,459

710,694

500,769

1,263,922

Depreciation

At 1 April 2023

48,147

498,862

207,805

754,814

Charge for the year

846

78,650

99,787

179,283

Eliminated on disposal

-

-

(45,530)

(45,530)

At 31 March 2024

48,993

577,512

262,062

888,567

Carrying amount

At 31 March 2024

3,466

133,182

238,707

375,355

At 31 March 2023

4,312

211,832

103,107

319,251

Included within the net book value of land and buildings above is £3,466 (2023 - £4,311) in respect of freehold land and buildings.
 

 

All Round Security Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

2,709,980

2,167,108

Amounts owed by related parties

519,458

309,377

Prepayments

 

244,719

407,544

Other debtors

 

548,985

690,811

   

4,023,142

3,574,840

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

208,115

335,340

Trade creditors

 

869,131

882,750

Taxation and social security

 

290,532

543,053

Accruals and deferred income

 

262,454

320,959

Other creditors

 

1,879,672

980,254

 

3,509,904

3,062,356

Included within other creditors £nil (2023: £930,646) in relation to a loan which was secured by a fixed and floating charge on 26 July 2016 and satisfied on 13 September 2023. The floating charge covered all the property or undertaking of the company.

Included within other creditors £1,800,031 (2023: £nil) in relation to a loan which is secured by a fixed and floating charge on 12 September 2023. The floating charge covers all the property or undertaking of the company.

2024
£

2023
£

Current loans and borrowings

Bank borrowings

152,036

311,333

Bank overdrafts

22

-

HP and finance lease liabilities

56,057

24,007

208,115

335,340

 

All Round Security Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

414,497

474,697

Other borrowings

7

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

233,128

380,513

Hire purchase contracts

181,369

94,184

414,497

474,697

2024
£

2023
£

Current loans and borrowings

Bank borrowings

152,036

311,333

Bank overdrafts

22

-

Hire purchase contracts

56,057

24,007

208,115

335,340

Included within bank borrowings is £263,864 (2023: £381,136) in relation to a loan which is secured by a fixed and floating charge on 14 May 2020. The floating charge covers all the property or undertaking of the company.