Registered number
05914271
VIGILANT SECURITY SERVICES UK LTD
Filleted Accounts
31 August 2024
VIGILANT SECURITY SERVICES UK LTD
Registered number: 05914271
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1,344 1,680
Tangible assets 4 311,282 261,279
312,626 262,959
Current assets
Debtors 5 1,216,916 977,218
Cash at bank and in hand 1,233,420 1,231,328
2,450,336 2,208,546
Creditors: amounts falling due within one year 6 (920,322) (984,701)
Net current assets 1,530,014 1,223,845
Total assets less current liabilities 1,842,640 1,486,804
Creditors: amounts falling due after more than one year 7 - (55,502)
Net assets 1,842,640 1,431,302
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,842,540 1,431,202
Shareholders' funds 1,842,640 1,431,302
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Iftikhar Ahmad
Director
Approved by the board on 23 January 2025
VIGILANT SECURITY SERVICES UK LTD
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% RBM
Fixtures, fittings, tools and equipment 20% RBM
Motor vehicles 20% RBM
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Branch - Republic of Ireland
Vigilant Security Services UK Ltd also operates in the Republic of Ireland as a branch office. Financial results are incorporated in the UK financial statements, which includes statement of financial performance and statement of Financial Position. Statement of financial performance figures are translated in pound sterling with average conversion rate whilst Statement of Financial Position figures are translated using closing rate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 151 100
3 Intangible fixed assets £
Website:
Cost
At 1 September 2023 4,000
At 31 August 2024 4,000
Amortisation
At 1 September 2023 2,320
Provided during the year 336
At 31 August 2024 2,656
Net book value
At 31 August 2024 1,344
At 31 August 2023 1,680
Website is being written off in equal annual instalments over its estimated economic life of 4 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 303,137 618,615 921,752
Additions 7,844 119,838 127,682
At 31 August 2024 310,981 738,453 1,049,434
Depreciation
At 1 September 2023 246,393 414,080 660,473
Charge for the year 12,918 64,761 77,679
At 31 August 2024 259,311 478,841 738,152
Net book value
At 31 August 2024 51,670 259,612 311,282
At 31 August 2023 56,744 204,535 261,279
5 Debtors 2024 2023
£ £
Trade debtors 1,093,438 924,487
Prepayments 66,689 2,741
Other debtors 56,789 49,990
1,216,916 977,218
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 72,805 75,768
Obligations under finance lease and hire purchase contracts - 3,256
Trade creditors 65,298 288,107
Director's account 82,703 265,092
Taxation and social security costs 461,652 332,934
Other creditors 237,864 19,544
920,322 984,701
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 55,502
8 Other information
VIGILANT SECURITY SERVICES UK LTD is a private company limited by shares and incorporated in England. Its registered office is:
Amc Business House
12 Cumberland Avenue
London
NW10 7QL
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