Company Registration No. 08029073 (England and Wales)
Innovative Security Solutions Limited
Unaudited accounts
for the year ended 31 August 2024
Innovative Security Solutions Limited
Unaudited accounts
Contents
Innovative Security Solutions Limited
Company Information
for the year ended 31 August 2024
Director
Mohammed Rizwan Din
Company Number
08029073 (England and Wales)
Registered Office
89-91 Hatchett Street
BIRMINGHAM
B19 3NY
Accountants
Mayfield
1st Floor, 5 Highgate Business Centre
Highgate Road
Birmingham
B12 8EA
Innovative Security Solutions Limited
Statement of financial position
as at 31 August 2024
Tangible assets
6,283
7,662
Cash at bank and in hand
18,161
42,657
Creditors: amounts falling due within one year
(193,469)
(330,442)
Net current assets
246,290
99,477
Total assets less current liabilities
252,573
107,139
Creditors: amounts falling due after more than one year
(152,360)
(37,897)
Provisions for liabilities
Deferred tax
(1,571)
(1,916)
Called up share capital
1
1
Profit and loss account
98,641
67,325
Shareholders' funds
98,642
67,326
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 12 March 2025 and were signed on its behalf by
Mohammed Rizwan Din
Director
Company Registration No. 08029073
Innovative Security Solutions Limited
Notes to the Accounts
for the year ended 31 August 2024
Innovative Security Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 08029073. The registered office is 89-91 Hatchett Street, BIRMINGHAM, B19 3NY.
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.
Turnover represents the value, net of VAT and discounts, of work carried out in respect of security services provided to customers.
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:
Motor vehicles
18% reducing balance
Fixtures & fittings
18% reducing balance
Computer equipment
18% reducing balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
4,150
4,645
11,996
20,791
At 31 August 2024
4,150
4,645
11,996
20,791
At 1 September 2023
2,740
3,233
7,156
13,129
Charge for the year
254
254
871
1,379
At 31 August 2024
2,994
3,487
8,027
14,508
At 31 August 2024
1,156
1,158
3,969
6,283
At 31 August 2023
1,410
1,412
4,840
7,662
Innovative Security Solutions Limited
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Amounts falling due after more than one year
Other debtors
417,391
382,224
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
82,892
81,415
Taxes and social security
91,609
228,269
Other creditors
18,968
20,758
7
Creditors: amounts falling due after more than one year
2024
2023
8
Deferred taxation
2024
2023
Accelerated capital allowances
1,571
1,916
Provision at start of year
1,916
1,624
(Credited)/charged to the profit and loss account
(345)
292
Provision at end of year
1,571
1,916
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 18 (2023: 19).