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REGISTERED NUMBER: 02210324 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

SAFEGUARD SECURITY CONSULTANTS LTD

SAFEGUARD SECURITY CONSULTANTS LTD (REGISTERED NUMBER: 02210324)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Balance sheet 1

Notes to the financial statements 2


SAFEGUARD SECURITY CONSULTANTS LTD (REGISTERED NUMBER: 02210324)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 1,948 2,366
1,948 2,366

Current assets
Debtors 6 11,807 13,967
Cash at bank 43,847 57,648
55,654 71,615
Creditors
Amounts falling due within one year 7 13,389 23,052
Net current assets 42,265 48,563
Total assets less current liabilities 44,213 50,929

Provisions for liabilities 8 370 450
Net assets 43,843 50,479

Capital and reserves
Called up share capital 9 100 100
Share premium 1,674 1,674
Retained earnings 42,069 48,705
Shareholders' funds 43,843 50,479

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

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

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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2024 and were signed on its behalf by:



Mrs S J Cadec - Director


SAFEGUARD SECURITY CONSULTANTS LTD (REGISTERED NUMBER: 02210324)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. Statutory information

Safeguard Security Consultants Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02210324. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is P.O Box 4999, Blandford, Dorset, DT11 9WB.

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 amounts receivable, excluding value added tax, for the sale of services provided in the ordinary course of business. Turnover is recognised as soon as the service has been provided to the customer.

Goodwill
Acquired goodwill was written off in equal instalments over its estimated useful economic life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% 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 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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

SAFEGUARD SECURITY CONSULTANTS LTD (REGISTERED NUMBER: 02210324)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


3. Employees and directors

The average number of employees during the year was 4 (2023 - 4 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 June 2023
and 31 May 2024 66,975
Amortisation
At 1 June 2023
and 31 May 2024 66,975
Net book value
At 31 May 2024 -
At 31 May 2023 -

5. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 June 2023 1,825 4,915 6,740
Additions - 232 232
At 31 May 2024 1,825 5,147 6,972
Depreciation
At 1 June 2023 1,792 2,582 4,374
Charge for year 9 641 650
At 31 May 2024 1,801 3,223 5,024
Net book value
At 31 May 2024 24 1,924 1,948
At 31 May 2023 33 2,333 2,366

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 11,807 13,967

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 4,966 6,958
Tax 2,041 4,975
VAT 4,332 9,249
Accruals and deferred income 2,050 1,870
13,389 23,052

SAFEGUARD SECURITY CONSULTANTS LTD (REGISTERED NUMBER: 02210324)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


8. Provisions for liabilities
2024 2023
£    £   
Deferred tax 370 450

Deferred
tax
£   
Balance at 1 June 2023 450
Provided during year (80 )
Balance at 31 May 2024 370

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. Ultimate controlling party

The company is controlled by the directors who hold 100% of the issued share capital between them.