C.I.O. SECURITY LIMITED

Company Registration Number:
04060172 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

C.I.O. SECURITY LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

C.I.O. SECURITY LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 322,260 334,972
Total fixed assets: 322,260 334,972
Current assets
Debtors:   109,539
Cash at bank and in hand: 48,741 29,403
Total current assets: 158,280 29,403
Creditors: amounts falling due within one year: 4 (386,297) (288,976)
Net current assets (liabilities): (228,017) (259,573)
Total assets less current liabilities: 94,243 75,399
Creditors: amounts falling due after more than one year: 5 (184,029) (196,793)
Total net assets (liabilities): (89,786) (121,394)
Capital and reserves
Called up share capital: 10,000 10,000
Profit and loss account: (99,786) (131,394)
Shareholders funds: (89,786) (121,394)

The notes form part of these financial statements

C.I.O. SECURITY LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 February 2025
and signed on behalf of the board by:

Name: C Onumonu
Status: Director

The notes form part of these financial statements

C.I.O. SECURITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Land and buildings Freehold 2% straight line Fixture, fittings & equipment 25% reducing balance Motor vehicles 25% straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

C.I.O. SECURITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 38 78

C.I.O. SECURITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 478,162
Additions 1,262
At 31 March 2024 479,424
Depreciation
At 01 April 2023 143,190
Charge for year 13,974
At 31 March 2024 157,164
Net book value
At 31 March 2024 322,260
At 31 March 2023 334,972

C.I.O. SECURITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

Trade creditors 218108 Other taxation and social security 106926 Other creditors 32243 Accruals and other deferred income 29020 Total 386297

C.I.O. SECURITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due after more than one year note

Bank loans and overdrafts 175776 Obligations under finance lease 8253 Total 184029