Registered number
09889095
Instant Security Limited
Filleted Accounts
30 November 2024
Instant Security Limited
Registered number: 09889095
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 17,605 17,723
Current assets
Debtors 4 126,775 114,121
Cash at bank and in hand 72,300 63,862
199,075 177,983
Creditors: amounts falling due within one year 5 (125,046) (88,137)
Net current assets 74,029 89,846
Net assets 91,634 107,569
Capital and reserves
Called up share capital 100 100
Profit and loss account 91,534 107,469
Shareholder's funds 91,634 107,569
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Zahid Hussain
Director
Approved by the board on 8 May 2025
Instant Security Limited
Notes to the Accounts
for the year ended 30 November 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 rendering of services. 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.
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 & Machinery 20% RBM
Motor Vehicles 20% RBM
Fixtures, fittings, tools and equipment 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 52 43
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2023 6,171 22,620 28,791
Additions 1,838 - 1,838
At 30 November 2024 8,009 22,620 30,629
Depreciation
At 1 December 2023 2,925 8,143 11,068
Charge for the year 508 1,448 1,956
At 30 November 2024 3,433 9,591 13,024
Net book value
At 30 November 2024 4,576 13,029 17,605
At 30 November 2023 3,246 14,477 17,723
4 Debtors 2024 2023
£ £
Trade debtors 50,730 57,025
Amounts owed by group undertakings and undertakings in which the company has a participating interest 23,000 48,000
Other debtors 53,045 9,096
126,775 114,121
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,110 806
Accruals 4,968 4,968
Director's account 39,403 20,403
Taxation and social security costs 28,908 12,336
Other creditors 50,657 49,624
125,046 88,137
6 Other information
Instant Security Limited is a private company limited by shares and incorporated in England. Its registered office is:
95d Marsh Road
Luton
England
LU3 2QG
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