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REGISTERED NUMBER: 06135240 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Independent Contractor Security Limited

Independent Contractor Security Limited (Registered number: 06135240)

Contents of the Financial Statements
for the year ended 31 January 2024










Page

Company information 1

Abridged balance sheet 2

Notes to the financial statements 4


Independent Contractor Security Limited

Company Information
for the year ended 31 January 2024







Director: T Cockcroft





Registered office: Business Centre 2
8 Gosber Street
Eckington
Sheffield
S21 4DA





Registered number: 06135240 (England and Wales)

Independent Contractor Security Limited (Registered number: 06135240)

Abridged Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 3,409 4,827
Investment property 5 65,000 65,000
68,409 69,827

Current assets
Debtors 1,102,176 1,105,041
Cash at bank 10,542 -
1,112,718 1,105,041
Creditors
Amounts falling due within one year 1,123,917 1,075,303
Net current (liabilities)/assets (11,199 ) 29,738
Total assets less current liabilities 57,210 99,565

Creditors
Amounts falling due after more than one
year

43,221

73,729
Net assets 13,989 25,836

Capital and reserves
Called up share capital 2 2
Revaluation reserve 6 10,000 10,000
Retained earnings 3,987 15,834
Shareholders' funds 13,989 25,836

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Independent Contractor Security Limited (Registered number: 06135240)

Abridged Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2024 and were signed by:





T Cockcroft - Director


Independent Contractor Security Limited (Registered number: 06135240)

Notes to the Financial Statements
for the year ended 31 January 2024


1. STATUTORY INFORMATION

Independent Contractor Security 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 as modified by the revaluation of certain assets.

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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 138 (2023 - 138 ) .

Independent Contractor Security Limited (Registered number: 06135240)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
Cost
At 1 February 2023
and 31 January 2024 58,124
Depreciation
At 1 February 2023 53,297
Charge for year 1,418
At 31 January 2024 54,715
Net book value
At 31 January 2024 3,409
At 31 January 2023 4,827

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 February 2023
and 31 January 2024 65,000
Net book value
At 31 January 2024 65,000
At 31 January 2023 65,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2015 10,000
Cost 55,000
65,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 55,000 55,000

Investment property was valued on an open market basis on 31 January 2015 by the Directors .

6. RESERVES
Revaluation
reserve
£   
At 1 February 2023
and 31 January 2024 10,000

7. ULTIMATE CONTROLLING PARTY

The company is controlled by the director.