REGISTERED NUMBER: 04511308 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

THE SECURITY NETWORK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R H C Parkes

Mrs M A Parkes

SECRETARY:

Mrs M A Parkes

REGISTERED OFFICE:

Parkes Farm

Aldreth Road

Haddenham

Ely

Cambridgeshire

CB6 3PN

REGISTERED NUMBER:

04511308 (England and Wales)

FIXED ASSETS

Intangible assets

4

55,897

66,922

Tangible assets

5

35,220

23,314

91,117

90,236

CURRENT ASSETS

Stocks

1,158

3,884

Debtors

6

30,213

59,306

Cash at bank

139,753

93,417

171,124

156,607

CREDITORS

Amounts falling due within one year

7

79,874

69,005

NET CURRENT ASSETS

91,250

87,602

TOTAL ASSETS LESS CURRENT LIABILITIES

182,367

177,838

CAPITAL AND RESERVES

Called up share capital

200,000

200,000

Retained earnings

(17,633

)

(22,162

)

SHAREHOLDERS' FUNDS

182,367

177,838

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

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 19 March 2025 and were signed on its behalf by:

R H C Parkes - Director

1.	STATUTORY INFORMATION

The Security Network 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.

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 represents net invoiced sales of goods and services, excluding value added tax. No provision is made for services invoiced in advance.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of various businesses, is being amortised either by immediate write off over 5, 10, 15 or 20 years dependent upon the directors' assessment of its estimated useful life. Periodically there will be additional amortisation to take account of any revised useful life assessment.

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.

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 13 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 29 February 2024

and 28 February 2025

874,857

AMORTISATION

At 29 February 2024

807,935

Charge for year

11,025

At 28 February 2025

818,960

NET BOOK VALUE

At 28 February 2025

55,897

At 28 February 2024

66,922

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 29 February 2024

126,266

Additions

25,712

Disposals

(8,750

)

At 28 February 2025

143,228

DEPRECIATION

At 29 February 2024

102,952

Charge for year

12,930

Eliminated on disposal

(7,874

)

At 28 February 2025

108,008

NET BOOK VALUE

At 28 February 2025

35,220

At 28 February 2024

23,314

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

28.2.24

£

£

Trade debtors

29,296

54,014

Other debtors

917

5,292

30,213

59,306

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

28.2.24

£

£

Trade creditors

45,397

40,676

Taxation and social security

30,734

26,329

Other creditors

3,743

2,000

79,874

69,005

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R H C Parkes.