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COMPANY REGISTRATION NUMBER: 10463636
DM Security Solutions Ltd
Filleted Unaudited Financial Statements
31 March 2024
DM Security Solutions Ltd
Financial Statements
Year ended 31 March 2024
Contents
Page
Officers and professional advisers
1
Report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
4
DM Security Solutions Ltd
Officers and Professional Advisers
The board of directors
D McWilliams
Mrs K E McWilliams
Registered office
The Forge
Rye Road
Sandhurst
Kent
TN18 5JG
Accountants
Baulf-James
Chartered accountants
17-19 Station Road West
Oxted
Surrey
RH8 9EE
DM Security Solutions Ltd
Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of DM Security Solutions Ltd
Year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DM Security Solutions Ltd for the year ended 31 March 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the Board of Directors of DM Security Solutions Ltd, as a body, in accordance with the terms of our engagement letter dated 20 October 2019. Our work has been undertaken solely to prepare for your approval the financial statements of DM Security Solutions Ltd and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DM Security Solutions Ltd and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that DM Security Solutions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of DM Security Solutions Ltd. You consider that DM Security Solutions Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of DM Security Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. Baulf-James Chartered accountants
17-19 Station Road West Oxted Surrey RH8 9EE
23 August 2024
DM Security Solutions Ltd
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
435
497
Current assets
Debtors
5
100
20,047
Cash at bank and in hand
4,498
3,457
-------
--------
4,598
23,504
Creditors: amounts falling due within one year
6
4,391
15,334
-------
--------
Net current assets
207
8,170
----
-------
Total assets less current liabilities
642
8,667
----
-------
Net assets
642
8,667
----
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
542
8,567
----
-------
Shareholders funds
642
8,667
----
-------
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 income and retained earnings has not been delivered.
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.
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 were approved by the board of directors and authorised for issue on 23 August 2024 , and are signed on behalf of the board by:
D McWilliams
Director
Company registration number: 10463636
DM Security Solutions Ltd
Notes to the Financial Statements
Year ended 31 March 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 The Forge, Rye Road, Sandhurst, Kent, TN18 5JG.
2. 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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Corporation tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures, fittings & equipment
-
25% straight line
3. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
4. Tangible assets
Fixtures and fittings
£
Cost
At 1 April 2023
662
Additions
138
----
At 31 March 2024
800
----
Depreciation
At 1 April 2023
165
Charge for the year
200
----
At 31 March 2024
365
----
Carrying amount
At 31 March 2024
435
----
At 31 March 2023
497
----
5. Debtors
2024
2023
£
£
Trade debtors
19,800
Other debtors
100
247
----
--------
100
20,047
----
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
1,651
1,875
Other creditors
2,740
13,459
-------
--------
4,391
15,334
-------
--------