Acorah Software Products - Accounts Production 16.1.200 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 02085388 Ms A L Lock Mr P M Tennent Mr A Abdel-Hadi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02085388 2023-04-30 02085388 2024-04-30 02085388 2023-05-01 2024-04-30 02085388 frs-core:CurrentFinancialInstruments 2024-04-30 02085388 frs-core:Non-currentFinancialInstruments 2024-04-30 02085388 frs-core:ComputerEquipment 2024-04-30 02085388 frs-core:ComputerEquipment 2023-05-01 2024-04-30 02085388 frs-core:ComputerEquipment 2023-04-30 02085388 frs-core:FurnitureFittings 2024-04-30 02085388 frs-core:FurnitureFittings 2023-05-01 2024-04-30 02085388 frs-core:FurnitureFittings 2023-04-30 02085388 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 02085388 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02085388 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 02085388 frs-core:MotorVehicles 2024-04-30 02085388 frs-core:MotorVehicles 2023-05-01 2024-04-30 02085388 frs-core:MotorVehicles 2023-04-30 02085388 frs-core:PlantMachinery 2024-04-30 02085388 frs-core:PlantMachinery 2023-05-01 2024-04-30 02085388 frs-core:PlantMachinery 2023-04-30 02085388 frs-core:WithinOneYear 2024-04-30 02085388 frs-core:RevaluationReserve 2023-04-30 02085388 frs-core:RevaluationReserve 2024-04-30 02085388 frs-core:ShareCapital 2024-04-30 02085388 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 02085388 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02085388 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 02085388 frs-bus:SmallEntities 2023-05-01 2024-04-30 02085388 frs-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 02085388 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 02085388 frs-bus:Director1 2023-05-01 2024-04-30 02085388 frs-bus:Director2 2023-05-01 2024-04-30 02085388 frs-bus:Director3 2023-05-01 2024-04-30 02085388 frs-countries:EnglandWales 2023-05-01 2024-04-30 02085388 2022-04-30 02085388 2023-04-30 02085388 2022-05-01 2023-04-30 02085388 frs-core:CurrentFinancialInstruments 2023-04-30 02085388 frs-core:Non-currentFinancialInstruments 2023-04-30 02085388 frs-core:BetweenOneFiveYears 2023-04-30 02085388 frs-core:WithinOneYear 2023-04-30 02085388 frs-core:RevaluationReserve 2023-04-30 02085388 frs-core:ShareCapital 2023-04-30 02085388 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 02085388
Shield Security Services Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Sherwin Currid Accountancy Limited
Chartered Certified Accountants
32 London Road
Guildford
Surrey
GU1 2AB
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—8
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Shield Security Services Limited For The Year Ended 30 April 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Shield Security Services Limited which comprise the Profit and Loss Account, the 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 of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Shield Security Services Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Shield Security Services Limited and state those matters that we have agreed to state to the directors of Shield Security Services Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shield Security Services Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Shield Security Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Shield Security Services Limited . You consider that Shield Security Services 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 accounts of Shield Security Services 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 financial statements.
Signed
5 January 2025
Sherwin Currid Accountancy Limited
Chartered Certified Accountants
32 London Road
Guildford
Surrey
GU1 2AB
Page 1
Page 2
Balance Sheet
Registered number: 02085388
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 665,357 673,818
665,357 673,818
CURRENT ASSETS
Stocks 5 400 2,046
Debtors 6 327,777 263,847
Investments 7 - 45
Cash at bank and in hand 220 2,175
328,397 268,113
Creditors: Amounts Falling Due Within One Year 8 (586,269 ) (485,469 )
NET CURRENT ASSETS (LIABILITIES) (257,872 ) (217,356 )
TOTAL ASSETS LESS CURRENT LIABILITIES 407,485 456,462
Creditors: Amounts Falling Due After More Than One Year 9 - (53,921 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,839 ) (12,700 )
NET ASSETS 403,646 389,841
CAPITAL AND RESERVES
Called up share capital 11 250,000 250,000
Revaluation reserve 12 50,801 50,801
Profit and Loss Account 102,845 89,040
SHAREHOLDERS' FUNDS 403,646 389,841
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For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A Abdel-Hadi
Director
5 January 2025
The notes on pages 4 to 8 form part of these financial statements.
Page 3
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Notes to the Financial Statements
1. General Information
Shield Security Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02085388 . The registered office is C/O S F Brocklehurst & Co, Forest Lodge, Forest Road, Pyrford, Surrey, GU22 8NA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 5% Straight Line
Plant & Machinery 20% Straight Line
Motor Vehicles 25% Straight Line
Fixtures & Fittings 20% Straight Line
Computer Equipment 33.3% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 53 (2023: 59)
53 59
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 May 2023 650,000 116,587 44,808 221,315
Additions - - - -
As at 30 April 2024 650,000 116,587 44,808 221,315
Depreciation
As at 1 May 2023 - 104,320 44,808 209,765
Provided during the period - 8,423 - 3,850
As at 30 April 2024 - 112,743 44,808 213,615
Net Book Value
As at 30 April 2024 650,000 3,844 - 7,700
As at 1 May 2023 650,000 12,267 - 11,550
Computer Equipment Total
£ £
Cost
As at 1 May 2023 82,578 1,115,288
Additions 5,689 5,689
As at 30 April 2024 88,267 1,120,977
Depreciation
As at 1 May 2023 82,577 441,470
Provided during the period 1,877 14,150
As at 30 April 2024 84,454 455,620
Net Book Value
As at 30 April 2024 3,813 665,357
As at 1 May 2023 1 673,818
5. Stocks
2024 2023
£ £
Stock 400 2,046
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 298,132 256,590
Other debtors 29,645 7,257
327,777 263,847
7. Current Asset Investments
2024 2023
£ £
Other investments, held for sale - 45
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 557 1,241
Trade creditors 141,902 64,419
Bank loans and overdrafts 85,495 92,467
Other creditors 241,865 222,337
Taxation and social security 116,450 105,005
586,269 485,469
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 2,710
Bank loans - 51,211
- 53,921
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 557 1,241
Later than one year and not later than five years - 2,710
557 3,951
557 3,951
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11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 250,000 250,000
12. Reserves
Revaluation Reserve
£
As at 1 May 2023 50,801
As at 30 April 2024 50,801
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