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Registration number: 02645626

Ardent Security Limited

Unaudited Filleted Financial Statements

for the Period from 1 June 2023 to 30 May 2024

 

Ardent Security Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

Ardent Security Limited

Company Information

Director

Mr Donald G Lamey

Company secretary

Mrs Stephanie Fontaine- Lamey

Registered office

1 Forum House
Empire Way
Wembley
HA9 0AB

Accountants

PKP & Company Limited
Chartered Certified Accountants1 Forum House
Empire Way
Wembley
HA9 0AB

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Ardent Security Limited
for the Period Ended 30 May 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ardent Security Limited for the period ended 30 May 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Ardent Security Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Ardent Security Limited and state those matters that we have agreed to state to the Board of Directors of Ardent Security Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ardent Security Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ardent Security Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ardent Security Limited. You consider that Ardent Security Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Ardent Security Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

PKP & Company Limited
Chartered Certified Accountants
1 Forum House
Empire Way
Wembley
HA9 0AB

9 April 2025

 

Ardent Security Limited

(Registration number: 02645626)
Balance Sheet as at 30 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

501,378

502,741

Current assets

 

Stocks

5

30,000

25,000

Debtors

6

52,430

52,458

Cash at bank and in hand

 

197,547

198,576

 

279,977

276,034

Creditors: Amounts falling due within one year

7

(284,289)

(270,162)

Net current (liabilities)/assets

 

(4,312)

5,872

Total assets less current liabilities

 

497,066

508,613

Creditors: Amounts falling due after more than one year

7

(284,072)

(326,426)

Net assets

 

212,994

182,187

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

212,894

182,087

Shareholders' funds

 

212,994

182,187

For the financial period ending 30 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 April 2025
 

.........................................
Mr Donald G Lamey
Director

 

Ardent Security Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
1 Forum House
Empire Way
Wembley
HA9 0AB

These financial statements were authorised for issue by the director on 9 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received for provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Ardent Security Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 May 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, Fittings and Equipment

20% Straight Line

Motor Vehicles

25% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at cost less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price and measured at cost.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Ardent Security Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 May 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 8 (2023 - 8).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 June 2023

496,749

19,730

62,633

579,112

Additions

-

2,082

-

2,082

At 30 May 2024

496,749

21,812

62,633

581,194

Depreciation

At 1 June 2023

-

17,864

58,507

76,371

Charge for the period

-

1,382

2,063

3,445

At 30 May 2024

-

19,246

60,570

79,816

Carrying amount

At 30 May 2024

496,749

2,566

2,063

501,378

At 31 May 2023

496,749

1,866

4,126

502,741

Included within the net book value of land and buildings above is £496,749 (2023 - £496,749) in respect of freehold land and buildings.
 

The company has allowed a fixed and floating charge over the company's assets as security for the bank loan.

 

Ardent Security Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 May 2024

5

Stocks

2024
£

2023
£

Other inventories

30,000

25,000

6

Debtors

Current

2024
£

2023
£

Other debtors

52,430

52,458

 

52,430

52,458

 

Ardent Security Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 May 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

86,154

64,353

Trade creditors

 

50,000

50,000

Taxation and social security

 

103,216

83,601

Accruals and deferred income

 

8,059

6,800

Other creditors

 

36,860

65,408

 

284,289

270,162

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

284,072

326,426

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

284,072

326,426

Current loans and borrowings

2024
£

2023
£

Bank borrowings

70,205

64,353

Bank overdrafts

15,949

-

86,154

64,353