ADDISON SECURITY LIMITED

Company Registration Number:
06315690 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

ADDISON SECURITY LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

ADDISON SECURITY LIMITED

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 945,557 78,106
Total fixed assets: 945,557 78,106
Current assets
Debtors:   85,401 472,370
Cash at bank and in hand: 354,306 683,746
Total current assets: 439,707 1,156,116
Creditors: amounts falling due within one year: 4 (331,126) (218,128)
Net current assets (liabilities): 108,581 937,988
Total assets less current liabilities: 1,054,138 1,016,094
Creditors: amounts falling due after more than one year: 5 (20,001) (30,003)
Total net assets (liabilities): 1,034,137 986,091
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,034,037 985,991
Shareholders funds: 1,034,137 986,091

The notes form part of these financial statements

ADDISON SECURITY LIMITED

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 April 2025
and signed on behalf of the board by:

Name: O Kokogho
Status: Director

The notes form part of these financial statements

ADDISON SECURITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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.

Tangible fixed assets and depreciation policy

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: Land and buildings Leasehold 2% straight line Fixtures, fittings & equipment 20% straight line Computer equipment 20% straight line Motor vehicles 20% straight line 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.

ADDISON SECURITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 56 58

ADDISON SECURITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible Assets

Total
Cost £
At 01 August 2023 183,307
Additions 931,987
At 31 July 2024 1,115,294
Depreciation
At 01 August 2023 105,201
Charge for year 64,536
At 31 July 2024 169,737
Net book value
At 31 July 2024 945,557
At 31 July 2023 78,106

ADDISON SECURITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Creditors: amounts falling due within one year note

Trade creditors £ 3281 Corporation tax £32501 Other taxation and social security £ 110848 Other creditors £184496 Total £ 331126

ADDISON SECURITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due after more than one year note

Bank loans and overdrafts £20001