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REGISTERED NUMBER: 08857422 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

SECURITY MANAGEMENT INSTALLATIONS
LIMITED

SECURITY MANAGEMENT INSTALLATIONS
LIMITED (REGISTERED NUMBER: 08857422)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

SECURITY MANAGEMENT INSTALLATIONS
LIMITED

COMPANY INFORMATION
for the year ended 31 January 2024







DIRECTOR: Mr J J Bingham



REGISTERED OFFICE: 10 St Ann Street
Salisbury
Wiltshire
SP1 2DN



REGISTERED NUMBER: 08857422 (England and Wales)



ACCOUNTANTS: Rothmans LLP
Bridge House
Unit 6 Pullman Business Park
Pullman Way
Ringwood
Hampshire
BH24 1EX



BANKERS: Barclays Bank UK Plc
61 Old Christchurch Road
Bournemouth
Dorset
BH1 1ER

SECURITY MANAGEMENT INSTALLATIONS
LIMITED (REGISTERED NUMBER: 08857422)

BALANCE SHEET
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,631 21,955

CURRENT ASSETS
Stocks 2,500 4,150
Debtors 5 380,150 172,613
Cash at bank 22,011 20,397
404,661 197,160
CREDITORS
Amounts falling due within one year 6 172,842 81,308
NET CURRENT ASSETS 231,819 115,852
TOTAL ASSETS LESS CURRENT
LIABILITIES

246,450

137,807

CREDITORS
Amounts falling due after more than one
year

7

(12,666

)

(23,605

)

PROVISIONS FOR LIABILITIES (17,832 ) (4,268 )
NET ASSETS 215,952 109,934

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 215,951 109,933
SHAREHOLDERS' FUNDS 215,952 109,934

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

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

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 November 2024 and were signed by:




Mr J J Bingham - Director


SECURITY MANAGEMENT INSTALLATIONS
LIMITED (REGISTERED NUMBER: 08857422)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Security Management Installations 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.

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


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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable for the provision of fencing work.

Revenue is recognised on the services provided, once the agreed services have been approved and signed off by the client, at which time the significant risks and rewards of ownership have transferred to the
client.

Profit is recognised on long term contracts when the final outcome can be assessed with reasonable certainty by including turnover and related costs within the profit and loss account dependant on the stage of completion of the contract at the balance sheet date.

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 etc - 25% on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Stocks
The company orders materials on a job by job basis as required and as such does not hold large amounts of stock. It does hold a range of consumables associated with fencing and these are valued at cost as they are not subject to either physical of technological obsolescence.These items are issued to jobs on a first in first out basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

SECURITY MANAGEMENT INSTALLATIONS
LIMITED (REGISTERED NUMBER: 08857422)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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.

Debtors
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Cash and cash equivalents
These comprise cash at bank and other short-term highly liquid bank deposits.

Creditors
Creditors are not interest bearing and are stated at their nominal value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 67,375
Additions 2,566
At 31 January 2024 69,941
DEPRECIATION
At 1 February 2023 45,420
Charge for year 9,890
At 31 January 2024 55,310
NET BOOK VALUE
At 31 January 2024 14,631
At 31 January 2023 21,955

SECURITY MANAGEMENT INSTALLATIONS
LIMITED (REGISTERED NUMBER: 08857422)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 33,400
DEPRECIATION
At 1 February 2023 21,710
Charge for year 6,680
At 31 January 2024 28,390
NET BOOK VALUE
At 31 January 2024 5,010
At 31 January 2023 11,690

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 201,930 48,117
Amounts recoverable on contract 155,670 81,000
Other debtors 22,550 43,496
380,150 172,613

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 8,000 7,908
Hire purchase contracts (see note 8) 3,991 6,436
Trade creditors 90,980 38,457
Taxation and social security 64,975 15,776
Other creditors 4,896 12,731
172,842 81,308

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 12,666 20,851
Hire purchase contracts (see note 8) - 2,754
12,666 23,605

SECURITY MANAGEMENT INSTALLATIONS
LIMITED (REGISTERED NUMBER: 08857422)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.1.24 31.1.23
£    £   
Net obligations repayable:
Within one year 3,991 6,436
Between one and five years - 2,754
3,991 9,190

Non-cancellable operating leases
31.1.24 31.1.23
£    £   
Within one year 3,384 3,384
Between one and five years 5,637 12,406
9,021 15,790

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to the director subsisted during the years ended 31 January 2024 and
31 January 2023:
31.1.2431.1.23
£ £

Balance outstanding at the start of the year--
Amounts advanced(5,791)-
Amount repaid5,791-
Balance outstanding at the end of the year--

This loan was repayable on demand and subject to interest at commercial rates.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SECURITY MANAGEMENT INSTALLATIONS
LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Security Management Installations Limited for the year ended 31 January 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Security Management Installations Limited in accordance with the terms of our engagement letter dated 16 October 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Security Management Installations Limited and state those matters that we have agreed to state to the director of Security Management Installations Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Security Management Installations Limited and its director for our work or for this report.

It is your duty to ensure that Security Management Installations Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Security Management Installations Limited. You consider that Security Management Installations Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Security Management Installations Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans LLP
Bridge House
Unit 6 Pullman Business Park
Pullman Way
Ringwood
Hampshire
BH24 1EX


2 December 2024