Company registration number 01440288 (England and Wales)
PREVENTION AND DETECTION (HOLDINGS) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
PREVENTION AND DETECTION (HOLDINGS) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 10
PREVENTION AND DETECTION (HOLDINGS) LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
6
89,085
94,085
Tangible assets
7
1,205,965
1,198,713
Investments
8
13,500
13,500
1,308,550
1,306,298
Current assets
Stocks
500
500
Debtors
10
127,535
277,595
Investments
11
5,730
11,153
Cash at bank and in hand
1,190
3,053
134,955
292,301
Creditors: amounts falling due within one year
12
(175,526)
(269,157)
Net current (liabilities)/assets
(40,571)
23,144
Total assets less current liabilities
1,267,979
1,329,442
Creditors: amounts falling due after more than one year
13
(884,765)
(910,606)
Net assets
383,214
418,836
Capital and reserves
Called up share capital
20,000
20,000
Revaluation reserve
181,883
181,883
Profit and loss reserves
181,331
216,953
Total equity
383,214
418,836
PREVENTION AND DETECTION (HOLDINGS) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -

For the financial year ended 31 March 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 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 27 March 2025
Mr N Jaffer
Director
Company registration number 01440288 (England and Wales)
PREVENTION AND DETECTION (HOLDINGS) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
Share capital
Revaluation reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 April 2022
20,000
181,883
198,034
399,917
Year ended 31 March 2023:
Profit and total comprehensive income
-
-
28,919
28,919
Dividends
-
-
(10,000)
(10,000)
Balance at 31 March 2023
20,000
181,883
216,953
418,836
Year ended 31 March 2024:
Loss and total comprehensive income
-
-
(35,622)
(35,622)
Balance at 31 March 2024
20,000
181,883
181,331
383,214
PREVENTION AND DETECTION (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
1
Accounting policies
Company information

Prevention and Detection (Holdings) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1-2, Southlands Road, Bromley, BR2 9QP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

PREVENTION AND DETECTION (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 5 -

Amortisation 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:

Development costs
Fixed line basis
1.5
Tangible fixed assets

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:

Freehold land and buildings
Not depreciated
Plant and equipment
25% on reducing balance
Motor vehicles
15% on reducing balance

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.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

PREVENTION AND DETECTION (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 6 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

The company has not provided deferred tax, deferred tax calculated for the current financial year is 5,117.00.

 

 

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

PREVENTION AND DETECTION (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
6
7
4
Director's remuneration and dividends
2024
2023
£
£
Remuneration paid to directors
7,692
7,692
Dividends paid to directors
-
10,000
5
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
-
0
7,435
Adjustments in respect of prior periods
(6,615)
(5,227)
Total current tax
(6,615)
2,208
PREVENTION AND DETECTION (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 8 -
6
Intangible fixed assets
Other
£
Cost
At 1 April 2023 and 31 March 2024
225,585
Amortisation and impairment
At 1 April 2023
131,500
Amortisation charged for the year
5,000
At 31 March 2024
136,500
Carrying amount
At 31 March 2024
89,085
At 31 March 2023
94,085
7
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2023
1,263,045
219,306
1,482,351
Additions
11,938
-
0
11,938
At 31 March 2024
1,274,983
219,306
1,494,289
Depreciation and impairment
At 1 April 2023
91,266
192,372
283,638
Depreciation charged in the year
-
0
4,686
4,686
At 31 March 2024
91,266
197,058
288,324
Carrying amount
At 31 March 2024
1,183,717
22,248
1,205,965
At 31 March 2023
1,171,779
26,934
1,198,713

The Freehold Building was purchased in 2006. Mr N Jaffer, Managing Director of the company, estimates the market value at 30 June 2017 to be £675,000.

8
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
13,500
13,500
PREVENTION AND DETECTION (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 9 -
9
Financial instruments
2024
2023
£
£
Carrying amount of financial assets include:
Instruments measured at fair value through profit or loss
5,730
11,153
10
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
123,835
208,764
Other debtors
3,700
68,831
127,535
277,595
11
Current asset investments
2024
2023
£
£
Other investments
5,730
11,153
12
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
39,995
42,241
Trade creditors
2,489
12,139
Corporation tax
4,374
10,989
Other taxation and social security
11,557
24,075
Other creditors
117,111
179,713
175,526
269,157

Bank loans include factoring loan from Lloyds TSB of £17,896(2023 - £84,376 ) secured against the trade debtors.

13
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
652,049
591,231
Other creditors
232,716
319,375
884,765
910,606
PREVENTION AND DETECTION (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13
Creditors: amounts falling due after more than one year
(Continued)
- 10 -

Secured creditors include loan from ActivTrades PLC of £622,896(Pre year - £556,811) secured against the property situated at unit 1, 2 Southlands road, Bromley BR2 9QP.

Bank loans include Bounce Back Loan of £29,153 (2023 - £34,420).

The amount borrowed by the company from ActiveTrades PLC was to finance its flat conversion project, and the loan must be repaid in full in the year 2024, the company is in the process of borrowing money from bank on its newly build flats situated at Unit 1, 2 Southlands Road, Bromley, BR2 9QP and repay this loan in full.

 

 

 

 

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