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Company Registration No. 08436260 (England and Wales)
Security and Event Solutions Ltd Unaudited accounts for the year ended 31 March 2024
Security and Event Solutions Ltd Unaudited accounts Contents
Page
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Security and Event Solutions Ltd Company Information for the year ended 31 March 2024
Director
Gareth Gwynne-Smith
Company Number
08436260 (England and Wales)
Registered Office
THE OLD LABORATORY 59 NORTH STREET PORTSLADE BRIGHTON BN41 1DH ENGLAND
Accountants
Flamingo Accounting Limited Unit 3 Northam Business Centre Princes Street Southampton United Kingdom SO14 5RP
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Security and Event Solutions Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
3,700 
7,400 
Tangible assets
47,200 
62,652 
50,900 
70,052 
Current assets
Debtors
166,347 
185,003 
Cash at bank and in hand
10,000 
9 
176,347 
185,012 
Creditors: amounts falling due within one year
(330,244)
(290,430)
Net current liabilities
(153,897)
(105,418)
Total assets less current liabilities
(102,997)
(35,366)
Creditors: amounts falling due after more than one year
(21,667)
(31,667)
Net liabilities
(124,664)
(67,033)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(124,666)
(67,035)
Shareholders' funds
(124,664)
(67,033)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 30 October 2024 and were signed on its behalf by
Gareth Gwynne-Smith Director Company Registration No. 08436260
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Security and Event Solutions Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Security and Event Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 08436260. The registered office is THE OLD LABORATORY 59 NORTH STREET, PORTSLADE, BRIGHTON, BN41 1DH, ENGLAND.
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
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 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% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
25% on reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Security and Event Solutions Ltd Notes to the Accounts for the year ended 31 March 2024
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
14,800 
At 31 March 2024
14,800 
Amortisation
At 1 April 2023
7,400 
Charge for the year
3,700 
At 31 March 2024
11,100 
Net book value
At 31 March 2024
3,700 
At 31 March 2023
7,400 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
15,607 
93,223 
13,061 
121,891 
Additions
- 
4,042 
- 
4,042 
Disposals
- 
(4,750)
- 
(4,750)
At 31 March 2024
15,607 
92,515 
13,061 
121,183 
Depreciation
At 1 April 2023
8,965 
42,442 
7,832 
59,239 
Charge for the year
1,661 
13,037 
2,124 
16,822 
On disposals
- 
(2,078)
- 
(2,078)
At 31 March 2024
10,626 
53,401 
9,956 
73,983 
Net book value
At 31 March 2024
4,981 
39,114 
3,105 
47,200 
At 31 March 2023
6,642 
50,781 
5,229 
62,652 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
147,202 
162,579 
Deferred tax asset
17,005 
17,748 
Other debtors
2,140 
4,676 
166,347 
185,003 
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Security and Event Solutions Ltd Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
23,824 
21,283 
VAT
92,372 
26,210 
Trade creditors
18,539 
74,230 
Taxes and social security
41,499 
29,926 
Other creditors
150,744 
109,669 
Loans from directors
1,966 
27,812 
Accruals
1,300 
1,300 
330,244 
290,430 
Included within Other creditors is an amount of £141,700 (2023: £103,356) advanced by a factoring company. These are secured at approximately 75%, between a mix of director guarantee, and fixed and floating charges over the company's assets.
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
21,667 
31,667 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
10
Transactions with related parties
At the year end £27,812 (2022: £29,303) was owed to the director Mr G Gwynne-Smith. This amount is offered interest free and are repayable on demand.
11
Average number of employees
During the year the average number of employees was 56 (2023: 57).
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