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REGISTERED NUMBER: 03159121 (England and Wales)










Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Kings Armoured Security Services Limited

Kings Armoured Security Services Limited (Registered number: 03159121)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4


Kings Armoured Security Services Limited

Company Information
for the Year Ended 28 February 2025







DIRECTORS: Mrs J C Mountain
A P King





SECRETARY: A I Shepherd





REGISTERED OFFICE: 24 Parker Industrial Estate
Mansfield Road
Derby
Derbyshire
DE21 4SZ





REGISTERED NUMBER: 03159121 (England and Wales)





ACCOUNTANTS: M. J. Shapcott & Co. Limited
Chartered Accountants
Charter House, Wyvern Court
Stanier Way
Derby
DE21 6BF

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Kings Armoured Security Services Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kings Armoured Security Services Limited for the year ended 28 February 2025 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Kings Armoured Security Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kings Armoured Security Services Limited and state those matters that we have agreed to state to the Board of Directors of Kings Armoured Security Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kings Armoured Security Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kings Armoured Security Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kings Armoured Security Services Limited. You consider that Kings Armoured Security Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kings Armoured Security Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






M. J. Shapcott & Co. Limited
Chartered Accountants
Charter House, Wyvern Court
Stanier Way
Derby
DE21 6BF


6 June 2025

Kings Armoured Security Services Limited (Registered number: 03159121)

Statement of Financial Position
28 February 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 205,283 183,019

CURRENT ASSETS
Stocks 23,956 28,340
Debtors 5 100,049 125,578
Prepayments and accrued income 41,542 42,170
Cash at bank 146,506 213,375
312,053 409,463
CREDITORS
Amounts falling due within one year 6 134,754 211,475
NET CURRENT ASSETS 177,299 197,988
TOTAL ASSETS LESS CURRENT LIABILITIES 382,582 381,007

CREDITORS
Amounts falling due after more than one year 7 (16,537 ) (22,993 )

PROVISIONS FOR LIABILITIES (51,063 ) (42,974 )

ACCRUALS AND DEFERRED INCOME (23,856 ) (45,252 )
NET ASSETS 291,126 269,788

CAPITAL AND RESERVES
Called up share capital 1,010 1,010
Retained earnings 290,116 268,778
SHAREHOLDERS' FUNDS 291,126 269,788

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by:





Mrs J C Mountain - Director


Kings Armoured Security Services Limited (Registered number: 03159121)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Kings Armoured Security Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the invoiced value of services provided net of VAT and discounts. Turnover from the services provided is recognised when the service has been provided, the amount of turnover can be measured reliably and when it is probable that the economic benefits associated will transfer to the company, typically on delivery of the service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 15% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on cost and 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Kings Armoured Security Services Limited (Registered number: 03159121)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 19 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2024 77,465 278,651 65,039
Additions - - -
At 28 February 2025 77,465 278,651 65,039
DEPRECIATION
At 1 March 2024 68,417 248,669 57,713
Charge for year 1,357 5,997 1,465
At 28 February 2025 69,774 254,666 59,178
NET BOOK VALUE
At 28 February 2025 7,691 23,985 5,861
At 29 February 2024 9,048 29,982 7,326

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2024 412,174 78,004 911,333
Additions 71,638 - 71,638
At 28 February 2025 483,812 78,004 982,971
DEPRECIATION
At 1 March 2024 291,885 61,630 728,314
Charge for year 37,280 3,275 49,374
At 28 February 2025 329,165 64,905 777,688
NET BOOK VALUE
At 28 February 2025 154,647 13,099 205,283
At 29 February 2024 120,289 16,374 183,019

Kings Armoured Security Services Limited (Registered number: 03159121)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2024 95,312
Additions 71,638
At 28 February 2025 166,950
DEPRECIATION
At 1 March 2024 33,298
Charge for year 27,214
At 28 February 2025 60,512
NET BOOK VALUE
At 28 February 2025 106,438
At 29 February 2024 62,014

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 99,799 125,013
Other debtors 250 565
100,049 125,578

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts - 14,195
Hire purchase contracts (see note 8) 40,370 21,291
Trade creditors 12,487 49,728
Taxation and social security 43,440 38,093
Other creditors 38,457 88,168
134,754 211,475

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Hire purchase contracts (see note 8) 16,537 22,993

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025 2024
£    £   
Net obligations repayable:
Within one year 40,370 21,291
Between one and five years 16,537 22,993
56,907 44,284

Kings Armoured Security Services Limited (Registered number: 03159121)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans - 14,195
Hire purchase contracts 56,907 44,284
56,907 58,479