8 01/08/2023 31/07/2024 2024-07-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-08-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 06808071 2023-08-01 2024-07-31 06808071 2024-07-31 06808071 2023-07-31 06808071 2022-08-01 2023-07-31 06808071 2023-07-31 06808071 2022-07-31 06808071 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 06808071 core:MotorVehicles 2023-08-01 2024-07-31 06808071 bus:RegisteredOffice 2023-08-01 2024-07-31 06808071 bus:LeadAgentIfApplicable 2023-08-01 2024-07-31 06808071 bus:Director1 2023-08-01 2024-07-31 06808071 bus:Director2 2023-08-01 2024-07-31 06808071 bus:CompanySecretary1 2023-08-01 2024-07-31 06808071 core:FurnitureFittingsToolsEquipment 2023-07-31 06808071 core:FurnitureFittingsToolsEquipment 2024-07-31 06808071 core:WithinOneYear 2024-07-31 06808071 core:WithinOneYear 2023-07-31 06808071 core:ShareCapital 2024-07-31 06808071 core:ShareCapital 2023-07-31 06808071 core:RetainedEarningsAccumulatedLosses 2024-07-31 06808071 core:RetainedEarningsAccumulatedLosses 2023-07-31 06808071 core:FurnitureFittingsToolsEquipment 2023-07-31 06808071 bus:SmallEntities 2023-08-01 2024-07-31 06808071 bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 06808071 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 06808071 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06808071 bus:FullAccounts 2023-08-01 2024-07-31
Company registration number: 06808071
Security Projects UK Ltd
Unaudited filleted financial statements
31 July 2024
Security Projects UK Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Security Projects UK Ltd
Directors and other information
Directors M White
K Radford
Secretary Mark White
Company number 06808071
Registered office Estate House
Marsh Way
Fairview Industrial Estate
Rainham, Essex
RM13 8UH
Accountants Passer & Co
20 Sunningdale Close
Stanmore
Middlesex
HA7 3QL
Security Projects UK Ltd
Statement of financial position
31 July 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 3,541 1,093
_______ _______
3,541 1,093
Current assets
Debtors 6 659,324 624,821
Cash at bank and in hand 65,315 107,657
_______ _______
724,639 732,478
Creditors: amounts falling due
within one year 7 ( 489,758) ( 513,499)
_______ _______
Net current assets 234,881 218,979
_______ _______
Total assets less current liabilities 238,422 220,072
_______ _______
Net assets 238,422 220,072
_______ _______
Capital and reserves
Called up share capital 300 300
Profit and loss account 238,122 219,772
_______ _______
Shareholders funds 238,422 220,072
_______ _______
For the year ending 31 July 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 18 October 2024 , and are signed on behalf of the board by:
M White
Director
Company registration number: 06808071
Security Projects UK Ltd
Notes to the financial statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Estate House, Marsh Way, Fairview Industrial Estate, Rainham, Essex, RM13 8UH.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 33.33 % straight line
Motor vehicles - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2023: 8 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 August 2023 43,035 43,035
Additions 4,214 4,214
_______ _______
At 31 July 2024 47,249 47,249
_______ _______
Depreciation
At 1 August 2023 41,942 41,942
Charge for the year 1,766 1,766
_______ _______
At 31 July 2024 43,708 43,708
_______ _______
Carrying amount
At 31 July 2024 3,541 3,541
_______ _______
At 31 July 2023 1,093 1,093
_______ _______
6. Debtors
2024 2023
£ £
Trade debtors 608,574 494,959
Other debtors 50,750 129,862
_______ _______
659,324 624,821
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 100,401 106,194
Trade creditors 47,980 66,472
Corporation tax 3,808 30,420
Social security and other taxes 231,924 175,147
Other creditors 105,645 135,266
_______ _______
489,758 513,499
_______ _______
8. Controlling party
The Company is controlled by its Directors by virtue of their share holding.