Registered number
06337870
Securious Limited
Filleted Accounts
31 August 2024
Butterford
Accountancy
Services Ltd
Securious Limited
Registered number: 06337870
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 70,769 84,134
Tangible assets 4 21,994 22,566
92,763 106,700
Current assets
Debtors 5 103,617 114,873
Cash at bank and in hand 20,009 4,491
123,626 119,364
Creditors: amounts falling due within one year 6 (107,110) (130,042)
Net current assets/(liabilities) 16,516 (10,678)
Total assets less current liabilities 109,279 96,022
Creditors: amounts falling due after more than one year 7 (44,742) (26,858)
Net assets 64,537 69,164
Capital and reserves
Called up share capital 136 136
Share premium 7,390 7,390
Profit and loss account 57,011 61,638
Shareholders' funds 64,537 69,164
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 P J Woodward
Director
Approved by the board on 30 April 2025
Securious Limited
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:
Motor vehicles over 4 years
Fixtures, fittings and equipment over 5 years
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 10 9
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2023 117,413
At 31 August 2024 117,413
Amortisation
At 1 September 2023 33,279
Provided during the year 13,365
At 31 August 2024 46,644
Net book value
At 31 August 2024 70,769
At 31 August 2023 84,134
Once completed, assets under development are written off over a maximum of 10 years
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 46,565
Additions 2,113
At 31 August 2024 48,678
Depreciation
At 1 September 2023 23,999
Charge for the year 2,685
At 31 August 2024 26,684
Net book value
At 31 August 2024 21,994
At 31 August 2023 22,566
5 Debtors 2024 2023
£ £
Trade debtors 63,539 59,210
Other debtors 40,078 55,663
103,617 114,873
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 24,225 35,652
Trade creditors 15,018 43,230
Taxation and social security costs 39,986 38,914
Other creditors 27,881 12,246
107,110 130,042
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 44,742 26,858
8 Other information
Securious Limited is a private company limited by shares and incorporated in England. Its registered office is:
George Park Bidder Building
4 Babbage Way
Clyst Honiton
Devon
EX5 2FN
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