Registered number
05062418
Grosvenor Security and Cleaning Services Ltd
Filleted Accounts
for the year ended 29 February 2024
Grosvenor Security and Cleaning Services Ltd
Registered number: 05062418
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 14,189 17,736
Current assets
Debtors 4 54,945 42,732
Cash at bank and in hand 14,338 7,481
69,283 50,213
Creditors: amounts falling due within one year 5 (50,520) (24,679)
Net current assets 18,763 25,534
Total assets less current liabilities 32,952 43,270
Creditors: amounts falling due after more than one year 6 (31,175) (45,927)
Net assets/(liabilities) 1,777 (2,657)
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,775 (2,659)
Shareholder's funds 1,777 (2,657)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Abdel Aziz Ahmed
Director
Approved by the board on 14 October 2024
Grosvenor Security and Cleaning Services Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings Nil
Plant and machinery 20% reducing balances
Fixtures, fittings, tools and equipment 20% reducing balances
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2023 34,736 6,404 41,140
At 29 February 2024 34,736 6,404 41,140
Depreciation
At 1 March 2023 17,352 6,052 23,404
Charge for the year 3,477 70 3,547
At 29 February 2024 20,829 6,122 26,951
Net book value
At 29 February 2024 13,907 282 14,189
At 28 February 2023 17,384 352 17,736
4 Debtors 2024 2023
£ £
Trade debtors 50,005 37,792
Other debtors 4,940 4,940
54,945 42,732
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,421 1,747
Trade creditors 130 4,130
Taxation and social security costs 36,037 5,415
Other creditors 12,932 13,387
50,520 24,679
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,058 17,014
Other creditors 19,117 28,913
31,175 45,927
7 Other information
Grosvenor Security and Cleaning Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
25 Balham High Road
Balham
London
SW12 9AL
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