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COMPANY REGISTRATION NUMBER: 04467324
Codeguard Security Limited
Filleted Unaudited Financial Statements
For the year ended
30 June 2024
Codeguard Security Limited
Financial Statements
Year ended 30 June 2024
Contents
Pages
Officers and professional advisers
1
Statement of financial position
2 to 3
Notes to the financial statements
4 to 7
Codeguard Security Limited
Officers and Professional Advisers
DIRECTOR
P A Norrington
REGISTERED OFFICE
Potton House
Wyboston Lakes
Great North Road
Wyboston
Bedford
MK44 3BZ
ACCOUNTANTS
Streets
Chartered Accountants
Potton House
Wyboston Lakes
Great North Road
Wyboston
Bedford
MK44 3BZ
BANKERS
Barclays
Business Direct
Leicester
Leicestershire
England
LE87 2BB
Codeguard Security Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
194
Investments
6
100
100
----
----
294
100
Current assets
Stocks
26,920
38,549
Debtors
7
114,170
132,842
Cash at bank and in hand
294,045
539,568
---------
---------
435,135
710,959
Creditors: amounts falling due within one year
8
26,584
258,285
---------
---------
Net current assets
408,551
452,674
---------
---------
Total assets less current liabilities
408,845
452,774
---------
---------
Net assets
408,845
452,774
---------
---------
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
408,745
452,674
---------
---------
Shareholders funds
408,845
452,774
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Codeguard Security Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 23 January 2025 , and are signed on behalf of the board by:
P A Norrington
Director
Company registration number: 04467324
Codeguard Security Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares in England and Wales. The address of the registered office is Potton House, Wyboston Lakes, Great North Road, Wyboston, Bedford MK44 3BZ. The principal place of business is 3 Saxon Way, Melbourn, South Cambridgeshire, SG8 6DN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 399 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
The turnover shown in the statement of income and retained earnings represents amounts receivable for goods and services provided during the year, exclusive of value added tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually this is on despatch of the goods. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the reporting date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Property improvements
-
20% straight line per annum
Fixtures and fittings
-
33% and 20% straight line per annum
Computer equipment
-
33% straight line per annum
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Property improvements
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 July 2023
20,104
19,886
39,990
Additions
250
250
--------
--------
----
--------
At 30 June 2024
20,104
19,886
250
40,240
--------
--------
----
--------
Depreciation
At 1 July 2023
20,104
19,886
39,990
Charge for the year
56
56
--------
--------
----
--------
At 30 June 2024
20,104
19,886
56
40,046
--------
--------
----
--------
Carrying amount
At 30 June 2024
194
194
--------
--------
----
--------
At 30 June 2023
--------
--------
----
--------
6. Investments
Shares in group undertakings
£
Cost
At 1 July 2023 and 30 June 2024
100
----
Impairment
At 1 July 2023 and 30 June 2024
----
Carrying amount
At 30 June 2024
100
----
At 30 June 2023
100
----
7. Debtors
2024
2023
£
£
Trade debtors
4,240
11,459
Amounts owed by group undertakings and undertakings in which the company has a participating interest
109,181
109,181
Other debtors
749
12,202
---------
---------
114,170
132,842
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
328
8,335
Social security and other taxes
5,259
3,594
Other creditors
20,997
246,356
--------
---------
26,584
258,285
--------
---------
9. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----