Registered number
03722104
SOS SECURITY SERVICES LIMITED
Filleted Accounts
30 April 2024
SOS SECURITY SERVICES LIMITED
Registered number: 03722104
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 21,547 27,737
Current assets
Debtors 5 15,285 7,908
Cash at bank and in hand 15,001 20,519
30,286 28,427
Creditors: amounts falling due within one year 6 (8,071) (8,338)
Net current assets 22,215 20,089
Total assets less current liabilities 43,762 47,826
Creditors: amounts falling due after more than one year 7 (1,261) (115)
Net assets 42,501 47,711
Capital and reserves
Called up share capital 100 100
Profit and loss account 42,401 47,611
Shareholders' funds 42,501 47,711
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S Sheikh
Director
Approved by the board on 26 June 2024
SOS SECURITY SERVICES LIMITED
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and equipment 15% reducing balance basis
Motor vehicle 25% reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 9,312
At 30 April 2024 9,312
Amortisation
At 1 May 2023 9,312
At 30 April 2024 9,312
Net book value
At 30 April 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Fixtures and equipment Motor vehicle Total
£ £ £
Cost
At 1 May 2023 19,844 32,790 52,634
Additions 454 - 454
At 30 April 2024 20,298 32,790 53,088
Depreciation
At 1 May 2023 16,263 8,634 24,897
Charge for the year 605 6,039 6,644
At 30 April 2024 16,868 14,673 31,541
Net book value
At 30 April 2024 3,430 18,117 21,547
At 30 April 2023 3,581 24,156 27,737
5 Debtors 2024 2023
£ £
Trade debtors 15,285 7,908
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 6,279 5,726
Taxation and social security costs 1,792 2,612
8,071 8,338
7 Creditors: amounts falling due after one year 2024 2023
£ £
Directors Current Account 1,261 115
8 Other information
SOS SECURITY SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
10c Campus Road
Listerhills Science Park
Bradford
West Yorkshire
BD7 1HR
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