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Registered number: 09612783
Edwards Security Limited
Financial Statements
For The Year Ended 31 May 2024
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09612783
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 38,118 45,064
38,118 45,064
CURRENT ASSETS
Debtors 5 8,195 11,944
Cash at bank and in hand 17,817 30,859
26,012 42,803
Creditors: Amounts Falling Due Within One Year 6 (48,003 ) (35,537 )
NET CURRENT ASSETS (LIABILITIES) (21,991 ) 7,266
TOTAL ASSETS LESS CURRENT LIABILITIES 16,127 52,330
Creditors: Amounts Falling Due After More Than One Year 7 (19,057 ) (27,548 )
NET (LIABILITIES)/ASSETS (2,930 ) 24,782
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (2,931 ) 24,781
SHAREHOLDERS' FUNDS (2,930) 24,782
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For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 J Edwards
Director
03/01/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Edwards Security Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09612783 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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:
Motor Vehicles Balance Reducing Method
Fixtures & Fittings Balance Reducing Method
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: )
1 -
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2023 60,254 12,726 72,980
As at 31 May 2024 60,254 12,726 72,980
Depreciation
As at 1 June 2023 18,925 8,991 27,916
Provided during the period 6,199 747 6,946
As at 31 May 2024 25,124 9,738 34,862
Net Book Value
As at 31 May 2024 35,130 2,988 38,118
As at 1 June 2023 41,329 3,735 45,064
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,510 12,278
Amounts owed by participating interests (2,712) (1,200)
Other debtors 397 866
8,195 11,944
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts (2,753 ) (4,074 )
Trade creditors 318 (2 )
Bank loans and overdrafts 22,326 32,241
Other creditors 10,343 1,611
Taxation and social security 17,769 5,761
48,003 35,537
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 19,057 27,548
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8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 10,836 16,038
Later than five years 9,046 12,665
19,882 28,703
Less: Finance charges allocated to future periods 3,578 5,229
16,304 23,474
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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