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REGISTERED NUMBER: 01839767 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

CRESS SECURITY COMPANY LIMITED

CRESS SECURITY COMPANY LIMITED (REGISTERED NUMBER: 01839767)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


CRESS SECURITY COMPANY LIMITED (REGISTERED NUMBER: 01839767)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 400,764 404,547

CURRENT ASSETS
Stocks 92,420 124,036
Debtors 5 114,673 172,072
Cash at bank 106,558 11,569
313,651 307,677
CREDITORS
Amounts falling due within one year 6 384,866 395,662
NET CURRENT LIABILITIES (71,215 ) (87,985 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

329,549

316,562

CREDITORS
Amounts falling due after more than one year 7 186,666 188,764
NET ASSETS 142,883 127,798

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 142,783 127,698
142,883 127,798

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

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

The directors acknowledge their 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.

CRESS SECURITY COMPANY LIMITED (REGISTERED NUMBER: 01839767)

Balance Sheet - continued
31 March 2024


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





Mr J Cresswell - Director


CRESS SECURITY COMPANY LIMITED (REGISTERED NUMBER: 01839767)

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

1. STATUTORY INFORMATION

Cress Security Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01839767

Registered office: 7 Marconi Gate
Stafford
Staffordshire
ST18 0FZ

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 5% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.


CRESS SECURITY COMPANY LIMITED (REGISTERED NUMBER: 01839767)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 15 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 280,385 6,886 49,929
Additions 700 254 11,061
At 31 March 2024 281,085 7,140 60,990
DEPRECIATION
At 1 April 2023 29,073 6,872 39,761
Charge for year 14,055 54 3,183
At 31 March 2024 43,128 6,926 42,944
NET BOOK VALUE
At 31 March 2024 237,957 214 18,046
At 31 March 2023 251,312 14 10,168

CRESS SECURITY COMPANY LIMITED (REGISTERED NUMBER: 01839767)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 251,634 - 588,834
Additions 45,734 3,700 61,449
At 31 March 2024 297,368 3,700 650,283
DEPRECIATION
At 1 April 2023 108,581 - 184,287
Charge for year 47,199 741 65,232
At 31 March 2024 155,780 741 249,519
NET BOOK VALUE
At 31 March 2024 141,588 2,959 400,764
At 31 March 2023 143,053 - 404,547

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 103,662 160,883
Other debtors 11,011 11,189
114,673 172,072

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 22,072 23,073
Hire purchase contracts 24,811 30,895
Trade creditors 134,713 121,051
Taxation and social security 34,327 40,963
Other creditors 168,943 179,680
384,866 395,662

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 92,964 114,316
Hire purchase contracts 93,702 74,448
186,666 188,764