Company Registration No. 07000526 (England and Wales)
Perseverance Works Security Limited
Unaudited accounts
for the year ended 31 December 2024
Perseverance Works Security Limited
Unaudited accounts
Contents
Perseverance Works Security Limited
Company Information
for the year ended 31 December 2024
Directors
Mr John David Crisfield
Mr Paul Edward King
Company Number
07000526 (England and Wales)
Registered Office
9 PERSEVERANCE WORKS
KINGSLAND ROAD
LONDON
LONDON
E2 8DD
Accountants
Sue Kowszun, Harlequin Accounting & Financial Services Ltd
Bancroft, Mill Road
West chiltington
Pulborough
West Sussex
RH20 2PZ
Perseverance Works Security Limited
Statement of financial position
as at 31 December 2024
Tangible assets
8,122
7,378
Cash at bank and in hand
111,931
109,070
Creditors: amounts falling due within one year
(14,775)
(22,493)
Net current assets
99,601
92,059
Called up share capital
2
2
Profit and loss account
107,721
99,435
Shareholders' funds
107,723
99,437
For the year ending 31 December 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by
Mr Paul Edward King
Director
Company Registration No. 07000526
Perseverance Works Security Limited
Notes to the Accounts
for the year ended 31 December 2024
Perseverance Works Security Limited is a private company, limited by shares, registered in England and Wales, registration number 07000526. The registered office is 9 PERSEVERANCE WORKS, KINGSLAND ROAD, LONDON, LONDON, E2 8DD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Computer equipment
25% on cost
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Perseverance Works Security Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
14,605
872
15,477
Disposals
(4,875)
-
(4,875)
At 31 December 2024
9,730
4,475
14,205
At 1 January 2024
7,935
164
8,099
Charge for the year
2,357
502
2,859
On disposals
(4,875)
-
(4,875)
At 31 December 2024
5,417
666
6,083
At 31 December 2024
4,313
3,809
8,122
At 31 December 2023
6,670
708
7,378
Amounts falling due within one year
Accrued income and prepayments
2,445
4,730
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
4,653
5,376
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Transactions with related parties
The only customer of Perseverance Works Security Limited is Perseverance Works Freeholders Limited. During the year, Perseverance Works Freeholders Limited acquired 100% of the share capital of Perseverance Works Security Limited. As at 31st December 2024, there was £135 due to Perseverance Works Freeholders Limited (2023: £1,615).
Perseverance Works Security Limited
Notes to the Accounts
for the year ended 31 December 2024
The parent company is Perseverance Works Freeholders Limited, 9 Perseverance Works, Kingskand Road, London E2 8DD. The whole of the share capital was acquired by Perseverance Works Freeholders Limited during the financial year.
10
Average number of employees
During the year the average number of employees was 5 (2023: 3).