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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
Page
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Principal Security Consultants Limited Company Information for the year ended 29 February 2024
Director
Sid Khan
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
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Principal Security Consultants Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
570 
570 
Current assets
Debtors
1,185,493 
593,800 
Cash at bank and in hand
258,359 
20,037 
1,443,852 
613,837 
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)
Capital and reserves
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
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Principal Security Consultants Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
At 1 March 2023
3,939 
209 
1,542 
5,690 
At 29 February 2024
3,939 
209 
1,542 
5,690 
Net book value
At 29 February 2024
529 
41 
- 
570 
At 28 February 2023
529 
41 
- 
570 
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Principal Security Consultants Limited Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
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 
1,112,315 
593,800 
Amounts falling due after more than one year
Other debtors
73,178 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
127,624 
- 
VAT
(5,232)
(89,937)
Trade creditors
734,221 
653,502 
Taxes and social security
50,316 
37,837 
Other creditors
- 
(21,294)
Accruals
542,515 
2,515 
1,449,444 
582,623 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
40,677 
47,509 
8
Average number of employees
During the year the average number of employees was 22 (2023: 22).
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