Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30trueproviding security services832023-05-01false59trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10082671 2023-05-01 2024-04-30 10082671 2022-05-01 2023-04-30 10082671 2024-04-30 10082671 2023-04-30 10082671 c:Director1 2023-05-01 2024-04-30 10082671 d:PlantMachinery 2023-05-01 2024-04-30 10082671 d:PlantMachinery 2024-04-30 10082671 d:PlantMachinery 2023-04-30 10082671 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10082671 d:CurrentFinancialInstruments 2024-04-30 10082671 d:CurrentFinancialInstruments 2023-04-30 10082671 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 10082671 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10082671 d:ShareCapital 2024-04-30 10082671 d:ShareCapital 2023-04-30 10082671 d:RetainedEarningsAccumulatedLosses 2024-04-30 10082671 d:RetainedEarningsAccumulatedLosses 2023-04-30 10082671 c:OrdinaryShareClass1 2023-05-01 2024-04-30 10082671 c:OrdinaryShareClass1 2024-04-30 10082671 c:FRS102 2023-05-01 2024-04-30 10082671 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10082671 c:FullAccounts 2023-05-01 2024-04-30 10082671 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10082671 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10082671














TRUSEC SECURITY LIMITED
UNAUDITED
 FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

 
TRUSEC SECURITY LIMITED
 

CONTENTS



Page
Statement of financial position
 
1
Notes to the financial statements
 
2 - 5


 
TRUSEC SECURITY LIMITED
REGISTERED NUMBER:10082671

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,442
7,310

Current assets
  

Debtors: amounts falling due within one year
 5 
251,933
273,482

Bank and cash balances
  
1,296,873
814,850

  
1,548,806
1,088,332

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(613,296)
(435,745)

Net current assets
  
 
 
935,510
 
 
652,587

  

Net assets
  
940,952
659,897


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
940,950
659,895

  
940,952
659,897


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 January 2025.



S Raymond
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
TRUSEC SECURITY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Trusec Security Limited is a private limited liability company registered in England and Wales. Its registered office and business address is 91 Brick Lane, London, E1 6QL.
The principal activity of the company is that of providing security services.
The financial statements are presented in Sterling (£), which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue is recognised on the date of the event for which security services are provided.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives on the following basis:

Plant and machinery
-
33%
straight line

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.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

Page 2

 
TRUSEC SECURITY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand and loans to/from related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Cash is represented by cash in hand and deposits with financial institutions.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

 
2.6

Pensions

The company contibutes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 3

 
TRUSEC SECURITY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 83 (2023 - 59).


4.


Tangible fixed assets





Plant and machinery

£



Cost


At 1 May 2023
16,077


Additions
2,669


Disposals
(7,227)



At 30 April 2024

11,519



Depreciation


At 1 May 2023
8,767


Charge for the year on owned assets
3,512


Disposals
(6,202)



At 30 April 2024

6,077



Net book value



At 30 April 2024
5,442



At 30 April 2023
7,310


5.


Debtors

2024
2023
£
£


Trade debtors
234,303
214,887

Other debtors
7,250
2,500

Prepayments and accrued income
10,380
56,095

251,933
273,482


Page 4

 
TRUSEC SECURITY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
80,596
56,466

Taxation and social security
280,952
177,406

Other creditors
143,328
100,655

Accruals and deferred income
108,420
101,218

613,296
435,745



7.


Share capital

2024
2023
£
£
Allotted, called up and partly paid



2 Ordinary shares of £1 each
2
2



8.


Pension commitments

The company contributes to a defined contributions 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 £20,955 (2023 - £16,671). Contributions totalling £5,158 (2023 - £7,179) were payable to the fund at the reporting date and are included in creditors.
 
Page 5