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REGISTERED NUMBER: NI602056 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Home Protection Services (Ireland) Ltd

Home Protection Services (Ireland) Ltd (Registered number: NI602056)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Home Protection Services (Ireland) Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: A T McCullough





REGISTERED OFFICE: 19 Crescent Business Park
LISBURN
Co. Antrim
BT28 2GN





BUSINESS ADDRESS: 56 Begny Hill Road
Dromara
DROMORE
Co. Down
BT25 2AS





REGISTERED NUMBER: NI602056 (Northern Ireland)





ACCOUNTANTS: Minshull & Co
19 Crescent Business Park
LISBURN
Co. Antrim
BT28 2GN

Home Protection Services (Ireland) Ltd (Registered number: NI602056)

Balance Sheet
29 February 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 99,407 98,775

CURRENT ASSETS
Stocks 6 15,107 7,857
Debtors 7 126,209 122,608
Cash in hand 1,068 1,206
142,384 131,671
CREDITORS
Amounts falling due within one year 8 186,920 160,885
NET CURRENT LIABILITIES (44,536 ) (29,214 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,871

69,561

CREDITORS
Amounts falling due after more than
one year

9

(47,186

)

(45,421

)

PROVISIONS FOR LIABILITIES 12 - (2,750 )
NET ASSETS 7,685 21,390

CAPITAL AND RESERVES
Called up share capital 13 1 1
Retained earnings 14 7,684 21,389
SHAREHOLDERS' FUNDS 7,685 21,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Home Protection Services (Ireland) Ltd (Registered number: NI602056)

Balance Sheet - continued
29 February 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 director and authorised for issue on 29 November 2024 and were signed by:





A T McCullough - Director


Home Protection Services (Ireland) Ltd (Registered number: NI602056)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Home Protection Services (Ireland) Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Home Protection Services (Ireland) Ltd (Registered number: NI602056)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Home Protection Services (Ireland) Ltd (Registered number: NI602056)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2023 87,421 60,025 147,446
Additions 7,967 25,000 32,967
At 29 February 2024 95,388 85,025 180,413
DEPRECIATION
At 1 March 2023 42,332 6,339 48,671
Charge for year 17,078 15,257 32,335
At 29 February 2024 59,410 21,596 81,006
NET BOOK VALUE
At 29 February 2024 35,978 63,429 99,407
At 28 February 2023 45,089 53,686 98,775

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023 19,875
Additions 25,000
Transfer to ownership 25,650
At 29 February 2024 70,525
DEPRECIATION
At 1 March 2023 414
Charge for year 11,632
Transfer to ownership 3,206
At 29 February 2024 15,252
NET BOOK VALUE
At 29 February 2024 55,273
At 28 February 2023 19,461

6. STOCKS
29/2/24 28/2/23
£    £   
Stocks 15,107 7,857

Home Protection Services (Ireland) Ltd (Registered number: NI602056)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors 63,470 110,107
Amounts recoverable on contract 62,375 9,875
VAT - 1,859
Social security and other tax 364 767
126,209 122,608

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans and overdrafts (see note 10)
29,189

16,460
Hire purchase contracts 20,957 12,281
Payments on account - 26,873
Trade creditors 51,128 56,280
Social security and other taxes 26,201 12,014
VAT 4,251 -
Other creditors 14,213 14,213
Directors' current accounts 16,323 8,586
Accrued expenses 24,658 14,178
186,920 160,885

Other creditors comprises amounts owed to HPS(Belfast) Limited.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans (see note 10) 13,036 23,219
Hire purchase contracts 34,150 22,202
47,186 45,421

10. LOANS

An analysis of the maturity of loans is given below:

29/2/24 28/2/23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 19,006 6,528
Bank loans 10,183 9,932
29,189 16,460

Home Protection Services (Ireland) Ltd (Registered number: NI602056)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

10. LOANS - continued
29/2/24 28/2/23
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 10,440 10,183

Amounts falling due between two and five years:
Bank loans - 2-5 years 2,596 13,036

11. SECURED DEBTS

The following secured debts are included within creditors:

29/2/24 28/2/23
£    £   
Hire purchase contracts 55,107 34,483

12. PROVISIONS FOR LIABILITIES
29/2/24 28/2/23
£    £   
Deferred tax - 2,750

Deferred
tax
£   
Balance at 1 March 2023 2,750
Credit to Income Statement during year (2,750 )
Balance at 29 February 2024 -

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29/2/24 28/2/23
value: £    £   
1 Ordinary £1 1 1

Home Protection Services (Ireland) Ltd (Registered number: NI602056)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

14. RESERVES
Retained
earnings
£   

At 1 March 2023 21,389
Deficit for the year (13,705 )
At 29 February 2024 7,684

15. CAPITAL COMMITMENTS
29/2/24 28/2/23
£    £   
Contracted but not provided for in the
financial statements 11,300 11,300