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REGISTERED NUMBER: 04094009 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Professional Security Management Limited

Professional Security Management Limited (Registered number: 04094009)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Professional Security Management Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: R G Evans
G H Richards





SECRETARY: R G Evans





REGISTERED OFFICE: Suite 7 Langdon House
Langdon Road
SA1 Swansea Waterfront
Swansea
SA1 8QY





REGISTERED NUMBER: 04094009 (England and Wales)





ACCOUNTANTS: DGL Accountancy Services Limited
Chartered Certified Accountants
35 Hen Parc Avenue
Upper Killay
Swansea
SA2 7HA

Professional Security Management Limited (Registered number: 04094009)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 363,106 377,900

CURRENT ASSETS
Debtors 5 143,875 137,525
Prepayments and accrued income 11,855 17,803
Cash at bank and in hand 999,097 773,313
1,154,827 928,641
CREDITORS
Amounts falling due within one year 6 268,926 218,328
NET CURRENT ASSETS 885,901 710,313
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,249,007

1,088,213

PROVISIONS FOR LIABILITIES 7 9,560 10,060
NET ASSETS 1,239,447 1,078,153

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,239,347 1,078,053
SHAREHOLDERS' FUNDS 1,239,447 1,078,153

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Professional Security Management Limited (Registered number: 04094009)

Balance Sheet - continued
31 October 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 2 December 2024 and were signed on its behalf by:





R G Evans - Director


Professional Security Management Limited (Registered number: 04094009)

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

1. STATUTORY INFORMATION

Professional Security Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - in accordance with the property
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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.

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.

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.

Professional Security Management Limited (Registered number: 04094009)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 28 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2023 416,467 40,696 42,520 499,683
Additions - - 18,500 18,500
Disposals - - (20,700 ) (20,700 )
At 31 October 2024 416,467 40,696 40,320 497,483
DEPRECIATION
At 1 November 2023 83,291 33,624 4,868 121,783
Charge for year 8,329 1,412 7,821 17,562
Eliminated on disposal - - (4,968 ) (4,968 )
At 31 October 2024 91,620 35,036 7,721 134,377
NET BOOK VALUE
At 31 October 2024 324,847 5,660 32,599 363,106
At 31 October 2023 333,176 7,072 37,652 377,900

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 143,875 133,925
Other debtors - 3,600
143,875 137,525

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Taxation and social security 189,837 156,207
Other creditors 79,089 62,121
268,926 218,328

7. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 9,560 10,060

Professional Security Management Limited (Registered number: 04094009)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2023 10,060
Credit to Income Statement during year (500 )
Balance at 31 October 2024 9,560

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £113,000 (2023 - £110,000) were paid to the directors .

9. ULTIMATE CONTROLLING PARTY

The controlling party is R G Evans.