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Company registration number: 08644603
P T Security Limited
Unaudited filleted financial statements
31 August 2024
P T Security Limited
Contents
Directors and other information
Accountant's report
Statement of financial position
Notes to the financial statements
P T Security Limited
Directors and other information
Director Mr P Gray
Company number 08644603
Registered office 47 Noctorum Avenue
Prenton
Merseyside
CH43 9RZ
Accountant Hailwood & Co.
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
P T Security Limited
Chartered accountant's report to the director on the preparation of the
unaudited statutory financial statements of P T Security Limited
Year ended 31 August 2024
As described on the Statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 August 2024, as set out on pages 3 to 7.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Hailwood & Co.
Chartered Accountants
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
26 March 2025
P T Security Limited
Statement of financial position
31 August 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 46,695 16,933
_______ _______
46,695 16,933
Current assets
Debtors 6 35,171 41,576
Cash at bank and in hand 76,481 124,797
_______ _______
111,652 166,373
Creditors: amounts falling due
within one year 7 ( 107,095) ( 146,525)
_______ _______
Net current assets 4,557 19,848
_______ _______
Total assets less current liabilities 51,252 36,781
_______ _______
Net assets 51,252 36,781
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 51,251 36,780
_______ _______
Shareholder funds 51,252 36,781
_______ _______
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges 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 26 March 2025 , and are signed on behalf of the board by:
Mr P Gray
Director
Company registration number: 08644603
P T Security Limited
Notes to the financial statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 47 Noctorum Avenue, Prenton, Merseyside, CH43 9RZ.
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.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
Plant and machinery - 20 % reducing balance
Office equipment - 25 % reducing balance
Motor vehicles - 25 % reducing balance
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.
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 4 (2023: 4 ).
5. Tangible assets
Plant and machinery Office equipment Motor vehicles Total
£ £ £ £
Cost
At 1 September 2023 5,698 4,057 43,402 53,157
Additions - - 57,749 57,749
Disposals - - ( 43,402) ( 43,402)
_______ _______ _______ _______
At 31 August 2024 5,698 4,057 57,749 67,504
_______ _______ _______ _______
Depreciation
At 1 September 2023 3,684 1,693 30,847 36,224
Charge for the year 403 591 14,438 15,432
Disposals - - ( 30,847) ( 30,847)
_______ _______ _______ _______
At 31 August 2024 4,087 2,284 14,438 20,809
_______ _______ _______ _______
Carrying amount
At 31 August 2024 1,611 1,773 43,311 46,695
_______ _______ _______ _______
At 31 August 2023 2,014 2,364 12,555 16,933
_______ _______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 34,451 41,103
Other debtors 720 473
_______ _______
35,171 41,576
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 18,055 30,000
Corporation tax 6,007 8,645
Social security and other taxes 11,886 11,534
Other creditors 71,147 96,346
_______ _______
107,095 146,525
_______ _______
8. Controlling party
The company is controlled by its director whose name and shareholdings are shown on the directors report.
9. Directors' advances, credits and guarantees
All movements on directors' advances, credits and guarantees, were as would be expected under normal market conditions, not material in terms of risk or benefits arising and would therefore not influence the users of these accounts when assessing the financial position of the company.