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REGISTERED NUMBER: 12219879 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

RS Security Consultants Limited

RS Security Consultants Limited (Registered number: 12219879)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RS Security Consultants Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R J Sumner
C E Sumner





SECRETARY: C E Sumner





REGISTERED OFFICE: 3 Park Square East
Leeds
West Yorkshire
LS1 2NE





REGISTERED NUMBER: 12219879 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
3 Park Square
Leeds
LS1 2NE

RS Security Consultants Limited (Registered number: 12219879)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,500 35,000
Tangible assets 5 151,699 130,403
169,199 165,403

CURRENT ASSETS
Debtors 6 263,928 143,001
Cash at bank and in hand 255,918 81,664
519,846 224,665
CREDITORS
Amounts falling due within one year 7 217,559 112,624
NET CURRENT ASSETS 302,287 112,041
TOTAL ASSETS LESS CURRENT
LIABILITIES

471,486

277,444

CREDITORS
Amounts falling due after more than one
year

8

(120,727

)

(94,204

)

PROVISIONS FOR LIABILITIES 10 (37,925 ) (32,601 )
NET ASSETS 312,834 150,639

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 312,734 150,539
SHAREHOLDERS' FUNDS 312,834 150,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

RS Security Consultants Limited (Registered number: 12219879)

Balance Sheet - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





R J Sumner - Director


RS Security Consultants Limited (Registered number: 12219879)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

RS Security Consultants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Office equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

RS Security Consultants Limited (Registered number: 12219879)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 70,000
AMORTISATION
At 1 April 2023 35,000
Amortisation for year 17,500
At 31 March 2024 52,500
NET BOOK VALUE
At 31 March 2024 17,500
At 31 March 2023 35,000

RS Security Consultants Limited (Registered number: 12219879)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 121,705 22,929 144,634
Additions 60,292 5,538 65,830
At 31 March 2024 181,997 28,467 210,464
DEPRECIATION
At 1 April 2023 7,607 6,624 14,231
Charge for year 39,219 5,315 44,534
At 31 March 2024 46,826 11,939 58,765
NET BOOK VALUE
At 31 March 2024 135,171 16,528 151,699
At 31 March 2023 114,098 16,305 130,403

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 107,705
Additions 60,292
At 31 March 2024 167,997
DEPRECIATION
At 1 April 2023 6,732
Charge for year 35,719
At 31 March 2024 42,451
NET BOOK VALUE
At 31 March 2024 125,546
At 31 March 2023 100,973

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 174,348 34,320
Directors' current accounts 67,380 102,981
Tax 12,015 -
Prepayments and accrued income 10,185 5,700
263,928 143,001

RS Security Consultants Limited (Registered number: 12219879)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loan 11,160 11,160
Hire purchase contracts 23,870 16,890
Trade creditors 8,131 7,500
Tax 89,111 5,886
Social security and other taxes 57,030 38,535
Accrued expenses 28,257 32,653
217,559 112,624

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 109,975 73,697
Bank loan 10,752 20,507
120,727 94,204

The bank loan represents a loan under HM Government Coronavirus Business Bounce Back Loan Scheme. It carries an interest rate of 2.5% per annum and is repayable in accordance with the rules of the scheme.

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 133,845 90,587

The hire purchase contract is secured against the asset to which it relates.

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 37,925 32,601

Deferred
tax
£   
Balance at 1 April 2023 32,601
Provided during year 5,324
Charge to the income statement
during the year
Balance at 31 March 2024 37,925

RS Security Consultants Limited (Registered number: 12219879)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£   

At 1 April 2023 150,539
Profit for the year 237,195
Dividends (75,000 )
At 31 March 2024 312,734

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £75,000 (2023 - £75,000) were paid to the directors .

At the year end the directors owed the company £65,897 (2023: £102,981).

14. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of its directors.