Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity99truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02401967 2023-04-01 2024-03-31 02401967 2022-04-01 2023-03-31 02401967 2024-03-31 02401967 2023-03-31 02401967 2022-04-01 02401967 c:Director1 2023-04-01 2024-03-31 02401967 d:PlantMachinery 2023-04-01 2024-03-31 02401967 d:PlantMachinery 2024-03-31 02401967 d:PlantMachinery 2023-03-31 02401967 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02401967 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 02401967 d:MotorVehicles 2023-04-01 2024-03-31 02401967 d:MotorVehicles 2024-03-31 02401967 d:MotorVehicles 2023-03-31 02401967 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02401967 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 02401967 d:FurnitureFittings 2023-04-01 2024-03-31 02401967 d:FurnitureFittings 2024-03-31 02401967 d:FurnitureFittings 2023-03-31 02401967 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02401967 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 02401967 d:ComputerEquipment 2023-04-01 2024-03-31 02401967 d:ComputerEquipment 2024-03-31 02401967 d:ComputerEquipment 2023-03-31 02401967 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02401967 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 02401967 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02401967 d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 02401967 d:CurrentFinancialInstruments 2024-03-31 02401967 d:CurrentFinancialInstruments 2023-03-31 02401967 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02401967 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02401967 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 02401967 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 02401967 d:ShareCapital 2024-03-31 02401967 d:ShareCapital 2023-03-31 02401967 d:RetainedEarningsAccumulatedLosses 2024-03-31 02401967 d:RetainedEarningsAccumulatedLosses 2023-03-31 02401967 c:FRS102 2023-04-01 2024-03-31 02401967 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02401967 c:FullAccounts 2023-04-01 2024-03-31 02401967 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02401967 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 02401967 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 02401967 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 02401967 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 02401967 2 2023-04-01 2024-03-31 02401967 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 02401967 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 02401967 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 02401967 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 02401967 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-03-31 02401967 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 02401967 d:LeasedAssetsHeldAsLessee 2024-03-31 02401967 d:LeasedAssetsHeldAsLessee 2023-03-31 02401967 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 02401967










CAREGUARD SECURITY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
CAREGUARD SECURITY LIMITED
REGISTERED NUMBER: 02401967

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
27,799
34,888

Current assets
  

Stocks
  
35,000
32,000

Debtors: amounts falling due within one year
 5 
58,597
69,564

Cash at bank and in hand
  
876
648

  
94,473
102,212

Creditors: amounts falling due within one year
 6 
(106,616)
(101,186)

Net current (liabilities)/assets
  
 
 
(12,143)
 
 
1,026

Total assets less current liabilities
  
15,656
35,914

Creditors: amounts falling due after more than one year
  
(2,677)
(6,692)

  

Net assets
  
12,979
29,222


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
12,879
29,122

  
12,979
29,222


Page 1

 
CAREGUARD SECURITY LIMITED
REGISTERED NUMBER: 02401967
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






R J Ward
Director

Date: 26 March 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
CAREGUARD SECURITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The company is a private company limited by shares and incorporated in England & Wales. Its registered office is: Unit E8 Grafton Way, West Ham Industrial Estate, Basingstoke, Hampshire, RG22 6HY.
The company registration number is: 02401967.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

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

Page 3

 
CAREGUARD SECURITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 
CAREGUARD SECURITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance
Motor vehicles
-
20%
Reducing balance
Fixtures and fittings
-
25%
Reducing balance
Computer equipment
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
CAREGUARD SECURITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 9).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
3,169
60,516
1,417
7,919
73,021



At 31 March 2024

3,169
60,516
1,417
7,919
73,021



Depreciation


At 1 April 2023
3,081
27,866
1,164
6,022
38,133


Charge for the year on owned assets
22
4,530
63
474
5,089


Charge for the year on financed assets
-
2,000
-
-
2,000



At 31 March 2024

3,103
34,396
1,227
6,496
45,222



Net book value



At 31 March 2024
66
26,120
190
1,423
27,799



At 31 March 2023
88
32,650
253
1,897
34,888

Page 6

 
CAREGUARD SECURITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

           4.Tangible fixed assets (continued)




The net book value of land and buildings may be further analysed as follows:





The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
8,000
10,000

8,000
10,000


5.


Debtors

2024
2023
£
£


Trade debtors
41,755
49,239

Prepayments and accrued income
7,056
19,239

Deferred taxation
9,786
1,086

58,597
69,564



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
5,786
4,328

Trade creditors
32,752
34,924

Other taxation and social security
14,555
16,160

Obligations under finance lease and hire purchase contracts
2,939
1,558

Other creditors
37,584
42,068

Accruals and deferred income
13,000
2,148

106,616
101,186


Page 7

 
CAREGUARD SECURITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
2,939
1,558

Between 1-5 years
2,677
6,692

5,616
8,250


8.


Deferred taxation




2024
2023


£

£






At beginning of year
1,086
(7,824)


Charged to profit or loss
8,700
8,910



At end of year
9,786
1,086

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(4,950)
(8,722)

Tax losses carried forward
14,736
9,808


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £11,040  (2023 - £7,360l) . Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the reporting date and are included in creditors.

 
Page 8