Company Registration No. 07514054 (England and Wales)
Principal Security Consultants Limited
Unaudited accounts
for the year ended 29 February 2024
Principal Security Consultants Limited
Unaudited accounts
Contents
Principal Security Consultants Limited
Company Information
for the year ended 29 February 2024
Company Number
07514054 (England and Wales)
Registered Office
Suite 5 Jarman House
Rear Of 42 High St
Redbourn AL3 7LN
England and Wales
Accountants
Cadbury and Jones
Avicenna House
258-262 Romford Road
London
E7 9HZ
Principal Security Consultants Limited
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
258,359
20,037
Creditors: amounts falling due within one year
(1,449,444)
(582,623)
Net current (liabilities)/assets
(5,592)
31,214
Total assets less current liabilities
(5,022)
31,784
Creditors: amounts falling due after more than one year
(40,677)
(47,509)
Net liabilities
(45,699)
(15,725)
Called up share capital
2
2
Profit and loss account
(45,701)
(15,727)
Shareholders' funds
(45,699)
(15,725)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2024 and were signed on its behalf by
Sid Khan
Director
Company Registration No. 07514054
Principal Security Consultants Limited
Notes to the Accounts
for the year ended 29 February 2024
Principal Security Consultants Limited is a private company, limited by shares, registered in England and Wales, registration number 07514054. The registered office is Suite 5 Jarman House, Rear Of 42 High St, Redbourn AL3 7LN, England and Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
5 Years, SLM @ 20%
Fixtures & fittings
10 Years, SLM @ 10%
Computer equipment
3 Years, SLM @ 33%
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
4,468
250
1,542
6,260
At 29 February 2024
4,468
250
1,542
6,260
At 1 March 2023
3,939
209
1,542
5,690
At 29 February 2024
3,939
209
1,542
5,690
At 29 February 2024
529
41
-
570
At 28 February 2023
529
41
-
570
Principal Security Consultants Limited
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
548,894
35,073
Accrued income and prepayments
393,292
343,397
Other debtors
170,129
215,330
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
127,624
-
Trade creditors
734,221
653,502
Taxes and social security
50,316
37,837
Other creditors
-
(21,294)
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 22 (2023: 22).