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REGISTERED NUMBER: 01422415 (England and Wales)














Financial Statements for the Year Ended 31 August 2024

for

Essex Security Services Limited

Essex Security Services Limited (Registered number: 01422415)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Essex Security Services Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr T H Donoghue
Mr G T Donoghue
Mrs C Donoghue
Mr A Donoghue





REGISTERED OFFICE: 154-156 Church Hill
Loughton
Essex
IG10 1LJ





REGISTERED NUMBER: 01422415 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Essex Security Services Limited (Registered number: 01422415)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 646,831 623,826

CURRENT ASSETS
Inventories 25,725 14,525
Debtors 5 369,899 446,908
Cash at bank and in hand 1,075,001 964,703
1,470,625 1,426,136
CREDITORS
Amounts falling due within one year 6 1,021,002 1,007,972
NET CURRENT ASSETS 449,623 418,164
TOTAL ASSETS LESS CURRENT LIABILITIES 1,096,454 1,041,990

PROVISIONS FOR LIABILITIES 35,575 28,567
NET ASSETS 1,060,879 1,013,423

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Share premium 16,348 16,348
Capital redemption reserve 546 546
Retained earnings 1,033,985 986,529
SHAREHOLDERS' FUNDS 1,060,879 1,013,423

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

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

Essex Security Services Limited (Registered number: 01422415)

Statement of Financial Position - continued
31 August 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 20 December 2024 and were signed on its behalf by:





Mr G T Donoghue - Director


Essex Security Services Limited (Registered number: 01422415)

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

1. STATUTORY INFORMATION

Essex Security Services 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
Revenue 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.
Long leasehold - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 25 ) .

Essex Security Services Limited (Registered number: 01422415)

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Long and Motor
property leasehold fittings vehicles Totals
£    £    £    £    £   
COST
At 1 September 2023 471,578 76,504 56,024 390,182 994,288
Additions - - - 89,683 89,683
Disposals - - - (41,287 ) (41,287 )
At 31 August 2024 471,578 76,504 56,024 438,578 1,042,684
DEPRECIATION
At 1 September 2023 - 71,504 55,683 243,275 370,462
Charge for year - 500 85 56,834 57,419
Eliminated on disposal - - - (32,028 ) (32,028 )
At 31 August 2024 - 72,004 55,768 268,081 395,853
NET BOOK VALUE
At 31 August 2024 471,578 4,500 256 170,497 646,831
At 31 August 2023 471,578 5,000 341 146,907 623,826

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 341,984 423,473
Other debtors 27,915 23,435
369,899 446,908

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 125,484 139,058
Taxation and social security 210,053 192,265
Other creditors 685,465 676,649
1,021,002 1,007,972

7. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £16,886 (2023: £15,544).

8. RELATED PARTY DISCLOSURES

The Directors Mr T Donoghue, Mr G Donoghue, Mrs C Donoghue and Mr A Donoghue are considered to be key management personnel.