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Company Registration No. 03620093 (England and Wales)
Metropolis Security Limited Unaudited accounts for the year ended 31 August 2024
Metropolis Security Limited Unaudited accounts Contents
Page
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Metropolis Security Limited Company Information for the year ended 31 August 2024
Director
L W Pearce
Secretary
Victoria Jayne Wakefield
Company Number
03620093 (England and Wales)
Registered Office
UNIT 1 2ND FLOOR, APEX COURT, WOODLANDS, BRADLEY STOKE, BRISTOL BS32 4JT UNITED KINGDOM
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Metropolis Security Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
52,846 
58,975 
Current assets
Debtors
553,688 
790,679 
Cash at bank and in hand
801,861 
359,065 
1,355,549 
1,149,744 
Creditors: amounts falling due within one year
(446,984)
(325,868)
Net current assets
908,565 
823,876 
Total assets less current liabilities
961,411 
882,851 
Provisions for liabilities
Deferred tax
(12,909)
(14,375)
Net assets
948,502 
868,476 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
948,402 
868,376 
Shareholders' funds
948,502 
868,476 
For the year ending 31 August 2024 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 March 2025 and were signed on its behalf by
L W Pearce Director Company Registration No. 03620093
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Metropolis Security Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Metropolis Security Limited is a private company, limited by shares, registered in England and Wales, registration number 03620093. The registered office is UNIT 1 2ND FLOOR, APEX COURT,, WOODLANDS, BRADLEY STOKE,, BRISTOL, BS32 4JT, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% - reducing balance basis
Motor vehicles
25% - reducing balance basis
Fixtures & fittings
25% - reducing balance basis
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Metropolis Security Limited Notes to the Accounts for the year ended 31 August 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
20,757 
70,540 
59,671 
150,968 
Additions
- 
11,560 
- 
11,560 
At 31 August 2024
20,757 
82,100 
59,671 
162,528 
Depreciation
At 1 September 2023
16,445 
31,979 
43,569 
91,993 
Charge for the year
3,186 
12,530 
1,973 
17,689 
At 31 August 2024
19,631 
44,509 
45,542 
109,682 
Net book value
At 31 August 2024
1,126 
37,591 
14,129 
52,846 
At 31 August 2023
4,312 
38,561 
16,102 
58,975 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
407,294 
443,010 
Accrued income and prepayments
8,477 
14,122 
Other debtors
137,917 
333,547 
553,688 
790,679 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
49,647 
57,175 
Trade creditors
342,000 
222,764 
Taxes and social security
42,333 
33,243 
Other creditors
1,784 
1,466 
Accruals
11,220 
11,220 
446,984 
325,868 
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Metropolis Security Limited Notes to the Accounts for the year ended 31 August 2024
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
L W Pearce
Loan
330,874 
- 
195,685 
135,189 
330,874 
- 
195,685 
135,189 
The company was owed £330,874 at the year end by Mr L W Pearce, the company's director. This loan subsisted during the year and in respect of which interest was charged by the company to the director at the Official Rate of Interest. The loan balance is disclosed within "Other debtors" due within one year.
8
Average number of employees
During the year the average number of employees was 46 (2023: 43).
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