77 01/10/2023 30/09/2024 2024-09-30 true false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-10-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP NI034725 2023-10-01 2024-09-30 NI034725 2024-09-30 NI034725 2023-09-30 NI034725 2022-10-01 2023-09-30 NI034725 2023-09-30 NI034725 2022-09-30 NI034725 bus:RegisteredOffice 2023-10-01 2024-09-30 NI034725 bus:LeadAgentIfApplicable 2023-10-01 2024-09-30 NI034725 bus:Director1 2023-10-01 2024-09-30 NI034725 bus:Director2 2023-10-01 2024-09-30 NI034725 core:PlantMachinery 2023-09-30 NI034725 core:FurnitureFittingsToolsEquipment 2023-09-30 NI034725 core:MotorVehicles 2023-09-30 NI034725 core:PlantMachinery 2024-09-30 NI034725 core:FurnitureFittingsToolsEquipment 2024-09-30 NI034725 core:MotorVehicles 2024-09-30 NI034725 core:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 NI034725 core:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 NI034725 core:WithinOneYear 2024-09-30 NI034725 core:WithinOneYear 2023-09-30 NI034725 core:PlantMachinery 2023-10-01 2024-09-30 NI034725 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 NI034725 core:MotorVehicles 2023-10-01 2024-09-30 NI034725 core:ShareCapital 2024-09-30 NI034725 core:ShareCapital 2023-09-30 NI034725 core:RetainedEarningsAccumulatedLosses 2024-09-30 NI034725 core:RetainedEarningsAccumulatedLosses 2023-09-30 NI034725 core:ShareCapital 2022-09-30 NI034725 core:RetainedEarningsAccumulatedLosses 2022-09-30 NI034725 core:PreviouslyStatedAmount core:ShareCapital 2024-09-30 NI034725 core:PlantMachinery 2023-09-30 NI034725 core:FurnitureFittingsToolsEquipment 2023-09-30 NI034725 core:MotorVehicles 2023-09-30 NI034725 bus:SmallEntities 2023-10-01 2024-09-30 NI034725 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 NI034725 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI034725 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI034725 bus:FullAccounts 2023-10-01 2024-09-30 NI034725 core:ComputerEquipment 2023-09-30 NI034725 core:ComputerEquipment 2024-09-30 NI034725 core:ComputerEquipment 2023-10-01 2024-09-30
Company registration number: NI034725
COBRA SPECIALIST SECURITY SERVICES LTD
Unaudited filleted financial statements
30 September 2024
COBRA SPECIALIST SECURITY SERVICES LTD
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
COBRA SPECIALIST SECURITY SERVICES LTD
Directors and other information
Directors Mr Raymond Younge
Mr Stephen McComb
Company number NI034725
Registered office Unit C6 Knockmore Hill Business Park
9 Ferguson Drive
Lisburn
Antrim
BT28 2EX
Business address Unit C6 Knockmore Hill Business Park
9 Ferguson Drive
Lisburn
Antrim
BT28 2EX
Accountants FPM Accountants
1-3 Arthur Street
Belfast
Antrim
BT1 4GA
Bankers Bank of Ireland
275-279 Antrim Road
Glengormley
BT36 7QN
COBRA SPECIALIST SECURITY SERVICES LTD
Statement of financial position
30 September 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 188,277 90,686
_______ _______
188,277 90,686
Current assets
Debtors 6 513,767 444,539
Cash at bank and in hand 209,327 116,666
_______ _______
723,094 561,205
Creditors: amounts falling due
within one year 7 ( 471,469) ( 379,329)
_______ _______
Net current assets 251,625 181,876
_______ _______
Total assets less current liabilities 439,902 272,562
_______ _______
Net assets 439,902 272,562
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 439,802 272,462
_______ _______
Shareholders funds 439,902 272,562
_______ _______
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 29 April 2025 , and are signed on behalf of the board by:
Mr Raymond Younge
Director
Company registration number: NI034725
COBRA SPECIALIST SECURITY SERVICES LTD
Statement of changes in equity
Year ended 30 September 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 October 2022 100 236,146 236,246
Profit for the year 52,316 52,316
_______ _______ _______
Total comprehensive income for the year - 52,316 52,316
Dividends paid and payable ( 16,000) ( 16,000)
_______ _______ _______
Total investments by and distributions to owners - ( 16,000) ( 16,000)
_______ _______ _______
At 30 September 2023 and 1 October 2023 100 272,462 272,562
Profit for the year 203,340 203,340
_______ _______ _______
Total comprehensive income for the year - 203,340 203,340
Dividends paid and payable ( 36,000) ( 36,000)
_______ _______ _______
Total investments by and distributions to owners - ( 36,000) ( 36,000)
_______ _______ _______
At 30 September 2024 100 439,802 439,902
_______ _______ _______
COBRA SPECIALIST SECURITY SERVICES LTD
Notes to the financial statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Unit C6 Knockmore Hill Business Park, 9 Ferguson Drive, Lisburn, Antrim, BT28 2EX.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 77 (2023: 65 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Tangible assets - user defined Total
£ £ £ £ £
Cost
At 1 October 2023 91,816 1,598 108,800 7,552 209,766
Additions 4,626 - 141,200 - 145,826
Disposals - - ( 25,000) - ( 25,000)
_______ _______ _______ _______ _______
At 30 September 2024 96,442 1,598 225,000 7,552 330,592
_______ _______ _______ _______ _______
Depreciation
At 1 October 2023 62,620 1,317 48,242 6,901 119,080
Charge for the year 6,261 56 32,525 338 39,180
Disposals - - ( 15,945) - ( 15,945)
_______ _______ _______ _______ _______
At 30 September 2024 68,881 1,373 64,822 7,239 142,315
_______ _______ _______ _______ _______
Carrying amount
At 30 September 2024 27,561 225 160,178 313 188,277
_______ _______ _______ _______ _______
At 30 September 2023 29,196 281 60,558 651 90,686
_______ _______ _______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 477,301 422,089
Other debtors 36,466 22,450
_______ _______
513,767 444,539
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 63,569 75,647
Corporation tax 35,829 11,196
Social security and other taxes 231,121 200,943
Other creditors 140,950 91,543
_______ _______
471,469 379,329
_______ _______