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REGISTERED NUMBER: 08504676 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

SM Security (Guards) Limited

SM Security (Guards) Limited (Registered number: 08504676)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SM Security (Guards) Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: A L D F Vidal





REGISTERED OFFICE: 99 Chapter Road
London
NW2 5LH





REGISTERED NUMBER: 08504676 (England and Wales)






SM Security (Guards) Limited (Registered number: 08504676)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 197 395

CURRENT ASSETS
Debtors 5 539,163 423,744
Cash at bank 168,601 130,730
707,764 554,474
CREDITORS
Amounts falling due within one year 6 93,499 78,949
NET CURRENT ASSETS 614,265 475,525
TOTAL ASSETS LESS CURRENT
LIABILITIES

614,462

475,920

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 614,362 475,820
SHAREHOLDERS' FUNDS 614,462 475,920

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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 January 2025 and were signed by:





A L D F Vidal - Director


SM Security (Guards) Limited (Registered number: 08504676)

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

1. STATUTORY INFORMATION

SM Security (Guards) 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.

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.
Plant and Equipment - 25% on cost
Computer equipment - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

SM Security (Guards) Limited (Registered number: 08504676)

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
Equipment equipment Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 1,809 704 2,513
DEPRECIATION
At 1 June 2023 1,414 704 2,118
Charge for year 198 - 198
At 31 May 2024 1,612 704 2,316
NET BOOK VALUE
At 31 May 2024 197 - 197
At 31 May 2023 395 - 395

5. DEBTORS
31.5.24 31.5.23
£    £   
Amounts falling due within one year:
Trade debtors 17,945 7,285
Other debtors 1,218 26,459
19,163 33,744

Amounts falling due after more than one year:
Other debtors 520,000 390,000

Aggregate amounts 539,163 423,744

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 9,183 11,600
Taxation and social security 73,810 53,881
Other creditors 10,506 13,468
93,499 78,949

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 June 2023 475,820
Profit for the year 139,542
Dividends (1,000 )
At 31 May 2024 614,362

SM Security (Guards) Limited (Registered number: 08504676)

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

9. RELATED PARTY DISCLOSURES

Included in long term debtors is a loan of £440,000 (2023 - £310,000) made to Vidal Homes Limited, in which Mr A L D F Vidal is the sole director and shareholder. The loan has no fixed date of repayment and is interest free.
Also included in long term debtors is a loan of £80,000 (2023 - £80,000) made to AV & TV Property Ltd, in which Mr A L D F Vidal is a director and a 51% shareholder. The loan has no fixed date of repayment and is interest free.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A L D F Vidal.