Registered number
05618417
Chamberlains Security (Cardiff) Ltd
Filleted Accounts
30 November 2024
Chamberlains Security (Cardiff) Ltd
Registered number: 05618417
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 53,670 74,365
Current assets
Debtors 4 517,064 642,323
Cash at bank and in hand 1,922,097 1,562,920
2,439,161 2,205,243
Creditors: amounts falling due within one year 5 (467,470) (416,459)
Net current assets 1,971,691 1,788,784
Net assets 2,025,361 1,863,149
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,025,261 1,863,049
Shareholders' funds 2,025,361 1,863,149
The directors are 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 directors acknowledge their 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.
Richard Trevivian
Director
Approved by the board on 21 February 2025
Chamberlains Security (Cardiff) Ltd
Notes to the Accounts
for the year ended 30 November 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.
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:
Motor vehicles 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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 90 100
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2023 31,339 104,344 135,683
Additions 2,367 - 2,367
At 30 November 2024 33,706 104,344 138,050
Depreciation
At 1 December 2023 16,683 44,635 61,318
Charge for the year 4,044 19,018 23,062
At 30 November 2024 20,727 63,653 84,380
Net book value
At 30 November 2024 12,979 40,691 53,670
At 30 November 2023 14,656 59,709 74,365
4 Debtors 2024 2023
£ £
Trade debtors 495,544 623,406
Deferred tax asset 12,706 9,739
Other debtors 8,814 9,178
517,064 642,323
5 Creditors: amounts falling due within one year 2024 2023
£ £
Directors' current account 312 1,112
Taxation and social security costs 389,928 328,104
Other creditors 77,230 87,243
467,470 416,459
6 Controlling party
The Company is controlled by husband and wife, Mr. and Mrs Richard Trevivian who both own 50% of the issued share capital.
7 Other information
Chamberlains Security (Cardiff) Ltd is a private company limited by shares and incorporated in Wales. Its registered office is:
Unit 6 Castleton Court Fortran Road
St. Mellons
Cardiff
CF3 0LT
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